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Quarterly reports: Transit, airport, juvenile detention and CSA show mixed results
Summary
Presenters reported mixed FY25 results: transit finished with a modest surplus and vendor software issues; the airport reported revenue gains and a $301,000 surplus; juvenile detention and CSA faced funding shifts tied to federal program changes and rising expenditures.
At the Dec. 9 Finance Committee meeting, several departments presented their FY25 fourth-quarter reports and year-end summaries.
Joshua Moore of the Greater Lynchburg Transit Company said the transit system finished the year with a modest surplus (just over $16,000) after higher health insurance fringes and parts/tire-price volatility; he noted a negative demand-response accrual adjustment of about $31,000 tied to vendor software performance and flagged timing issues for federal and state operating assistance that affect…
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