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Henry County Transportation Network reports $861,801.71 cash balance; ODOT invoice expected
Summary
At the Feb. 24 meeting Henry County Transportation Network presenters reported an opening cash balance of $861,801.71 (Jan. 1, 2026) and a Transit Reserve balance listed as $603,031.12; staff said the SFY 2026 second-quarter invoice from ODOT is expected to arrive soon.
Presenters Jeff Tammerine and Stephanie Honeck briefed the Board on the Henry County Transportation Network’s finances and operations. The financial packet attached to the update lists an unexpended cash balance (opening cash) of $861,801.71 as of Jan. 1, 2026, and a Transit Reserve balance reported as $603,031.12; the packet also lists a Commissioner’s Local Vehicle Match account balance of $11,174.00. The packet notes an expected State FY 2026 second-quarter invoice from the Ohio Department of Transportation (ODOT) and ongoing work responding to a Technical Assistance Review and State Auditor requests.
The packet details revenue and expense line items, including contract revenue ($37,980.06), vehicle fare ($4,085.00) and payroll-related expenses. Presenters also noted attendance at the ODOT Small Operators Summit (March 23–25) and a possible rescheduling of the next update to March 31. The transportation document labels the Transit Reserve balance “as of December 31, 2026,” which appears inconsistent with the Feb. 24, 2026, meeting date and is reported here as shown in the packet.
