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Takata financial review: fare revenue steady; VIA takeover shows early service gains
Summary
At its March 31 meeting Takata staff reported year-to-date farebox revenue roughly $75,774, noted changes in expense lines and said VIA’s recent takeover of operations has produced positive passenger feedback and high app usage.
At its March 31 meeting the Takata board reviewed February financial results and early operational feedback following VIA’s takeover of some services.
Staff reported a February cash account balance of $542,710.74 and walked through receivables and a February-to-month comparison. State operating grants were reported at $518,584 and federal operating revenue at $595,583.35; staff said those grant lines compared favorably with the prior year but noted that local tax revenue was lower year-over-year and that certain prior-year insurance receipts affected comparative results.
On expenses, staff identified…
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