Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
TIMA financial snapshot: assets $1.5M, revenues $646K; under budget as ferry terminal construction ramps up
Summary
Deputy Director Cynthia Fong presented TIMA's financial position for the six months ending Dec. 31, 2025: total assets $1,500,000; liabilities $317,000; deferred revenues $1,200,000; revenues $646,000; expenditures $263,000. Staff said the agency is under budget but expects increased spending as ferry terminal construction advances.
Deputy Director of Finance and Administration Cynthia Fong presented an information-only internal accounting report to the Treasure Island Mobility Management Agency Committee on Jan. 27, 2026. Her six-month financial snapshot, through Dec. 31, 2025, noted total assets of $1,500,000; total liabilities of $317,000; deferred revenues of $1,200,000; total revenues of $646,000; and total expenditures of $263,000.
Fong told the committee TIMA is currently under budget for the period reported but expects spending to accelerate as the ferry terminal construction project progresses. "We are under budget at this point in time, but we will soon catch up, with the ferry terminal construction project," she said. Committee members had no questions and no public comment was offered on the item.
The presentation was informational; no committee action or vote was required. Staff said the construction schedule and project timing are expected to drive higher expenditures in upcoming reporting periods.
