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COPTA accepts financial reports, highlights streetcar savings and approves $243,750 CDBG award
Summary
The board accepted financial reports showing revenues exceeding expenditures by $2.1 million for the four months ending Oct. 31, 2025; staff highlighted nearly $939,000 in streetcar savings from bringing operations in-house and the board approved a $243,750 Community Development Block Grant operating agreement to support passes for low- and moderate-income residents.
The Central Oklahoma Transportation and Parking Authority accepted its financial reports for the four-month period ending Oct. 31, 2025, and approved a Community Development Block Grant (CDBG) operating agreement and grant award with City of Oklahoma City Transportation Services.
Financial highlights: Staff reported that revenues exceeded expenditures by about $2.1 million for the period but noted revenues are roughly 2% below budget while expenditures are about 6%…
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