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Coborrus County Transportation Services <br />Finol Report — September 2015 <br />CCTS receives substantial <br />administrative and <br />operating funds from <br />Cabarrus County. Other <br />local sources of income for <br />CCTS include contract <br />revenue and fare revenue. <br />CCTS has recorded no <br />interest income or <br />advertising revenue in <br />recent years. <br />Per the 2014 OpStats <br />report, CCTS revenue <br />from grants or other <br />public allocations, fares, <br />and contracts totaled <br />$1.43 million. As shown in <br />Figure 8: CCTS Revenue Sources (FY 2014) <br />Federal 531 <br />Eld °rk..�^ <br />Oi <br />I Local Operating <br />Mated Funds, <br />Figure 8, in FY 2014 approximately 35 percent ($496,000) of CCTS revenue came from <br />local funds to match federal ($393,000) and state ($362,000) grants. Just under three <br />percent of all revenue was earned via contract revenue and passenger fares combined <br />($42,740). Figure #8 does not include $248,470 for the purchase of two vehicles, of which the <br />Board of commissioners contributed 10% of this total. <br />Contract revenues remained constant from FY 2012 to FY 2014, but fare revenue has <br />fluctuated. Fare revenues increased 71 percent between FY 2012 and FY 2013, but then <br />dropped by 26 percent between FY 2013 and FY 2014. There was a corresponding drop in <br />the number of RGP trips from 6,916 in FY 2013 to 4,081 in FY 2014. Again, this was due to <br />a loss of riders from areas that were reclassified as urban. <br />Cabarrus County's transportation budget for FY 2015 based on anticipated reveunues is <br />$1,842,480. CCTS's planned revenue and expenditures for FY 2015 are shown in Table 1. <br />Table 1: CCTS FY 2015 Transit Budget shown on the Cabarrus County Website <br />Revenues <br />Ex <br />I& <br />Account Description <br />Budget <br />- J& <br />Account Description <br />Budget <br />ROAP — EDTAP <br />$ 87,261 <br />Salaries and Benefits <br />$ 1,311,316 <br />ROAP - RGP <br />$ S8,S71 <br />Office Supplies /Equipment <br />$ 6,500 <br />ROAP - EMPL <br />$ 27,581 <br />Uniforms <br />$ 2,000 <br />Program Fees <br />$ 21,850 <br />Fuel <br />$ 235,000 <br />Medicaid Reimbursement <br />$ 954,043 <br />Building <br />$ 28,009 <br />5311 Capital <br />$ 205,560 <br />Bank Charges <br />$ 2S0 <br />5311 Admin <br />$ 281,682 <br />Utilities <br />$ 7,6SS <br />ADA Client Fares <br />$ S2,000 <br />Vehicle Maintenance <br />$ 180,000 <br />Attachment number 1 \n <br />F -3 Page 102 <br />HCC BLOCK <br />GRANT - Older <br />Adults and Aging, COTS Contract <br />$139,932 Revenue and <br />6 Fares, $42,741 <br />