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Valley Transit board approves November and December payments; staff outlines budget status
Summary
Valley Transit approved two months of payments after a finance update showing November expenses of about $551,000 and higher December disbursements (~$880,000) driven by quarterly reimbursements to municipal partners. Staff said operating expenses remain within budget while fare revenues lag.
The Valley Transit Board approved November and December payments on a voice vote and heard a status update on the agency’s finances.
Kristen, a finance staff member, told the board the November payment total was approximately $551,000, with line items including about $54,000 in administrative costs; $91,000 in vehicle maintenance; $170,000 in building maintenance; $12,000 in…
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