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EUPTA reports drop in passenger fares, approves grant-funded minivan purchases
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Summary
Finance Director reported a 6% drop in passenger fares and details on ferry fare trends; the board approved February A/P and EFT transfers and authorized two grant-funded minivan procurements (no local dollars).
Finance Director Ms. Gordon told the board on April 8 that passenger fares decreased 6% overall, noting that fiscal year 2024 had been a peak year for passenger revenue and that ridership trends have leveled after increases in FY22–FY23.
Ms. Gordon said the agency is procuring two minivans using state and federal grants; one vehicle will include a manual wheelchair lift and the locally procured van will replace a 2018 vehicle serving Newberry. She emphasized that no local dollars will be used for these purchases.
On ferry finances, Ms. Gordon reported fares decreased 1% systemwide in February while year-to-date ferry revenue was up $4,756 (about 1%). She also said vehicle and passenger counts were down in February, consistent with the agency’s slower seasonal period. The board unanimously approved the February accounts payable and electronic funds transfers and accepted the Finance Director’s report.
Why it matters: Fare and ridership trends guide budget and service planning, and the use of grant funds to replace aging vehicles preserves local capital while maintaining accessible service for riders who need wheelchair lifts.
What happens next: Staff will proceed with the procurement processes described and continue monitoring ridership and fare revenue trends.