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Budget Resolution to True Up Funds for Mass Transit Grant Funding Anticipated for FY 2025-26
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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 its year-end close, which occurred on September 24, 2025.
The attached budget resolution serves to true up the grant funds available to Hernando County Transit from the FTA and the Florida Department of Transportation (FDOT). This budget resolution will decrease grant funding and realign expense lines for associated grants.
The FY 2026 Mass Transit approved budget includes the grant balance available as of March 2025. The attached budget resolution includes an adjusted decrease of $1,031,019.00 in available grant funding for FY 2026.
FINANCIAL IMPACT
Revenue and Expenses will decrease $1,031,019.00 from the following Transit Grant Departments: 34000, 34001, 34002, 34003, 34004, 34008, 34009, 34012, 34013, and 34020.
LEGAL NOTE
The Board has authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached budget resolution for Transit to realign grant balances to the FY 2026 Budget.