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Finance presentation: $21.0M in year-to-date revenues; recapture rates show southbound skew
Summary
Financial advisor Eddie Gutierrez told the board total revenues through June were $21,021,940, operating expenses $5,579,502 (≈27% of revenues), and recapture rates show more southbound crossings captured than northbound on a year‑to‑date basis.
The board received a quarterly financial presentation from Eddie Gutierrez of Bluestone Capital covering June financial statements, revenue sources and recapture-rate analysis.
“Total revenues for the through the month of June is 21,021,940,” Gutierrez said, identifying tolls as the dominant revenue source (about 90–91% of toll-related revenue). He reported operating expenses of $5,579,502 and noted that expenses represented about 27% of revenues through the reporting period.
Gutierrez reviewed debt and funding: the bridge bond was described at $37,000,000 and a separate debt item at $18,000,000; he said the bridge bond project is fully funded (100%) while the other $18 million obligation is about 62% funded. He walked the board through quarterly traffic and revenue trends that showed the authority outpacing budgeted benchmarks on revenue but underspending on some expenditures.
On recapture rates — a measure comparing southbound to northbound capture — Gutierrez said year-over-year figures were 118%, 104% and 112% for sequential years and that for June the recapture rate was about 115%, indicating the authority was capturing more southbound traffic relative to northbound in recent months.
The presentation closed with a call for questions; none were raised on the record. Gutierrez’s presentation will be used in upcoming budget discussions and oversight of bond coverage.
