Financial Report

This report details the financial performance of Valley Transit for the first ten months of fiscal year 2025 (ending October 31, 2025). The agency is operating at a significant loss, with total expenses of $8,760,736 year-to-date against total revenues of $834,542, resulting in an operating loss of $7,926,194.

Key Financial Highlights:

• Revenues: Total revenues are 60.90% of the amended budget. Bus fare revenue is down compared to the prior year, while "Other Revenues" are significantly over budget (954.88%), likely due to timing or one-time infusions.
• Expenses: Total operating expenses are 69.08% of the amended budget. Several expense categories are significantly over budget, including Overtime (396.11%), Employee Recruitment (760.01%), and Miscellaneous Equipment (156.57%).
• Purchased Transportation: This category is also over budget, with "Connector" services at 169.33% and "Downtown Trolley" at 116.00% of their respective budgets.
• Non-Operating Revenue: While operating losses are substantial, non-operating revenues (including $2,559,720 from Appleton Support and $3,421,939 from Other Local Support) have helped offset some of the deficit, totaling $10,786,343 year-to-date, which is 115.44% of the budget.
• Capital Expenditures: Significant capital expenditures are noted, particularly for Buildings ($380,129 YTD vs. $4,180,213 budgeted) and Machinery & Equipment ($160,299 YTD vs. $0 budgeted).