The Annual Budget for the fiscal year 2020 reflects the vision and strategic goals of Trinity Metro to provide effective multi-modal transportation that meets the wishes of our customers.
The Annual Budget was adopted by the Board of Directors on September 23, 2019 and includes the operating and capital budgets.
Total operating revenue (excluding capital grants) is budgeted at $125 million. Sales tax and operating grant revenues are Trinity Metro’s main sources of revenue representing approximately 75% and 10%, respectively, of the total operating revenue budget.
Operating expenses are budgeted at $113.9 million. Services are Trinity Metro’s largest expense category at $49.5 million which primarily consist of purchased transportation, including payments to third-party contractors. Third-party contractors operate Trinity Metro’s commuter rail services and certain grant funded programs. Additionally, Trinity Metro’s paratransit service called Trinity Metro ACCESS contracts approximately 65% of its trips.
Trinity Metro’s projected capital expenditures for fiscal 2020 are $106.8 million; and Trinity Metro’s share, from local funds, is expected to be $59.2 million. Our federal capital grant reimbursement revenue is anticipated to be $46 million and contributions from partners is expected to be $1.5 million.
The Trinity Metro Board of Directors and staff are committed to achieving our established goals while operating.