SCRTD approves FY2026 budget amendment and accepts second‑quarter financials
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Summary
The board approved a FY2026 budget amendment that raises the operating total to $3,359,787.64 and accepted second‑quarter financials showing $471,611.67 cash on hand and expenditures at 56.3% of budget; staff flagged higher utilities and property tax charges associated with new facilities.
The South Central Regional Transit District board on Jan. 28 approved a fiscal‑year 2026 budget amendment and accepted second‑quarter financial statements after presentations by Finance Officer Adam Shea.
Shea said the amendment reflects a net increase of $48,276.57: a $21,750 reduction in some expense lines offset by an increase of $70,026.57, bringing the operating total to $3,359,787.64. Major drivers included supplies, janitorial services, uniforms, advertising and a $25,000 increase in utilities tied to electric bus charging projections. Shea said utilities through the second quarter stood at roughly $27,000 and that the planned solar array should reduce those amounts once operational.
On capital, Shea reported increases in CMAQ funding (an unanticipated $444,000) and additional MOUs that raised capital balance to $10,055,489.63. For revenues he reported $1,826,699.37 received (about 44.4% of overall budget) and $827,686.41 billed but outstanding.
On the second quarter summary Shea said expenditures were 56.3% of the overall budget and noted higher than anticipated property tax charges after the Sunland Park facility was acquired. The board took no amendments to the figures and approved the budget amendment and the financial resolution by roll call votes.
Next steps: staff will present a more detailed review of wages, benefits and route planning at the February meeting to align employee costs with service changes.
