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Budget Resolution Realigning Funds Within Mass Transit Budget
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BRIEF OVERVIEW
The Hernando County budget process begins in March. Mass Transit continues to spend down available grant funds until Federal Transit Administration (FTA) shuts down for their year-end close which was September 25, 2024. This is a budget resolution to true up grant funds available to Hernando County Transit from FTA and the Florida Department of Transportation (FDOT) it will decrease grant funding and realign expense lines for grants. The FY25 Mass Transit approved budget includes the grant available balance as of June 2024. This budget resolution includes an adjusted decrease of $1,838,480 in available grant funding for FY2025.
FINANCIAL IMPACT
Revenue will decrease $1,838,480 and appropriated to following departments:
Present Increase/ Amended
Account Number Account Name Budget Decrease Budget
0011-34000-3344209 ST GRT-FDOT SBG #55.010 $325,718.00 -325,718.00 $0.00
0011-34000-3811024 TRANSFER/NINTH CT FUEL-RR $325,718.00 -325,718.00 $0.00
0011-34001-3314201 FED GRT- FTA 5307 #20.507 $641,561.00 20.00 $641,581.00
0011-34001-3344209 ST GRT-FDOT SBG #55.010 $55,496.00 -55,496.00 $0.00
0011-34001-3811024 TRANSFER/NINTH CT FUEL-RR $55,496.00 -55,496.00 $0.00
0011-34002-3314201 FED GRT- FTA 5307 #20.507 $3,167,009.00 -1,705,578.00 $1,461,431.00
0011-34007-3314200 FED GRT-FTA 5307 #20.507 $141,656.00 -558.00 $141,098.00
0011-34007-3344200 ST GRT-FDOT SBG #55.010 $65,574.00 -279.00 $65,295.00
0011-34007-3811024 TRANSFER/NINTH CT FUEL-RR ...
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