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Finance report: revenues ahead of budget; board discusses recapture and Bridge Connect enforcement
Summary
Financial consultant Eddie Gutierrez reported year-to-date revenue and operating-expense figures and the board discussed rising recapture rates and enforcement/permit issues raised at a recent Bridge Connect convening.
Eddie Gutierrez of Bluestone Capital Solutions presented the Bridgeboard’s finance report for December 2024 and the first-quarter comparisons for crossings and revenues. Gutierrez reported year-to-date total revenues of $5,388,267, of which $5,000,239.58 (about 97%) were toll fees. He said operating expenses were $698,632 (about 13% of revenues); personnel costs were $336,009.46 (about 6.3% of revenues) and contractual agreements were roughly $179,134 (about 3.3% of revenues). Gutierrez said the board’s first-quarter collections exceeded budget and were higher…
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