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Embark financials show small timing variances; board hears mobility and safety updates
Summary
Finance staff reported modest variances including a $31,000 transportation operating shortfall and delayed CNG tax credit of $335,000; mobility management and safety presentations highlighted partnership growth, eviction mitigation pass activations, and PTASP updates with zero audit findings and two recommendations.
Christina Hankins presented the authority’s financial report for the period ending Feb. 28, 2026, reporting that the transportation operating fund’s expenditures exceeded revenue by $31,000 and that year‑to‑date revenues were below budget by $601,000 due largely to timing issues. She said an expected CNG tax credit of $335,000 is delayed and may be received as late as July.
Hankins described federal grant timing variances (federal grants under budget by $362,000) that staff expect to resolve in coming months and said staff…
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