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TIMA amends FY24–25 budget, adopts FY25–26 budget; board approves minutes
Summary
The Treasure Island Mobility Management Agency approved an amendment reducing FY24–25 revenues and expenditures by $3,517,851, adopted the FY25–26 budget and work program, and approved prior meeting minutes. The FY25–26 plan includes a federally funded ferry terminal enhancements project and other capital priorities.
The Treasure Island Mobility Management Agency Board (TIMA) voted on three action items at its June 24 meeting: approving prior minutes, adopting a revised FY24–25 budget amendment and adopting the FY25–26 annual budget and work program.
On item 4, the board approved the minutes of the Feb. 25, 2025 meeting. Commissioner Walton moved and Commissioner Fielder seconded the motion; the clerk called the roll and the board recorded seven ayes and the minutes were approved.
On item 5, the board adopted an amendment to the adopted FY24–25 budget to decrease revenues and expenditures by $3,517,851 with no change to other financing sources. Assistant Deputy Director for Planning Swanee Cho told the board the reduction was driven largely by moving construction of the ferry terminal enhancements project from FY25 to FY26 after engineering estimates and federal procurement reconciliation took longer than anticipated, and by slower advancement of the toll and affordability system. The motion was…
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