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Filed in Clerk's Office
<br /> :. O C T 1 1 2024
<br /> SOUTH BEND PUBLIC TRANSPORTATION CORPORATION Bianca Tirado
<br /> City Clerk, South Bend, IN
<br /> 2025 REVENUE PROJECTION
<br /> %CHANGE-2624 BUDGET vs.
<br /> ACTUAL 2023
<br /> 2025 2024 2023 2024 2023
<br /> SOURCE BUDGET BUDGET ACTUAL BUDGET ACTUAL
<br /> FAREBOX $ 1,406,374 $ 1,357,058 $ 1.233,952 3.63% 13.97%
<br /> ADVERTISING $ 262,493 $ 199,998 $ 172,349 31.25% 52.30%
<br /> LEASE REVENUE $ 28,636 $ 27,158 $ 15,560 5.44% 84.03%
<br /> CONCESSIONS AND MISCELLANEOUS $ 22,600 $ 32,010 $ 12,610 -29.40% 79.22%
<br /> INTEREST INCOME $ 2,704 $ 2,474 $ 11,296 9.30% -76.06%
<br /> $ -
<br /> PROPERTY TAX $ 4,065,115 $ 3,700,000 $ 3,555,139 9.87% 14.34%
<br /> LICENSE EXCISE TAX $ 260,000 $ 268,000 $ 263,443 -2.99% -1.31%
<br /> $ -
<br /> LOCAL INCOME TAX $ 808,971 $ 653,237 $ 747,387 23.84% 8.24%
<br /> STATE ASSISTANCE $ 2,060,889 $ 2,120,889 $ 2,120,889 -2.83% -2.83%
<br /> -
<br /> FEDERAL PREVENTATIVE MAINTENANCE $ 1,250,000 $ 1,250,000 $ 1,403,504 0% 10.94%
<br /> FEDERAL ASSISTANCE $ 1,934,955 $ 2,419,955 $ 1,446,244 -20% 33.79%
<br /> LEASE PAYMENT FROM CITY $ 145,205 $ 200,000 $ 200,000 -20% -27.40%
<br /> TOTAL $ 12,247,942 $ 12,231,451
<br /> 4 $ 11,182,375 0.13% 9.53%
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