HomeMy WebLinkAboutTranspoFiled in Clerk's Office
AUG 2 5 202 5
Bianca Tirado
City Clerk, South Bend, IN
transpo
south bend public
transportation co rpora ti on
202 6 FISCAL O PERATIN G & C AP ITAL B UD G ET
January 1, 2026 through December 31 , 2026
Prepared By
South Bend Publ ic T r ansport at ion Corporation
SO UTH BE ND PU B LI C T RANSPOR TAT ION CORPORAT IO N
SO UT H B END, INDI A NA
2026 FISCAL YEAR BUDGET REQUES T
TAB LE OF CO NT ENTS
B UD GET EST IMA T E FOR 20 26
P RO J EC TI ONS/ ASSUMPTIO NS
2026 Revenue Projection ........................................................................... 1
2026 Expense Projection.... ... ................ . .. . .................................... 2
2026 Appropriations . . ...................................................................... 3
2026 Budget Assumptions.. . . . . . .. . ........................................................ .4
2026 Budget Policy Statements ................................ 6
2026 Budget Summaries by Category -All Accounts ............................. 7 -14
SOU T H BEND PUBLIC TRANSPORTATION CORPORAT ION
2026 REVENUE PROJE CTI O N
% C HA NGE -202 4 BUDGET vs .
ACTU AL 202 3
20 26 20 25 20 24 2025 20 24
SO URC E B U DGE T BUDG ET ACTU A L BUDG ET ACT UA L
FARE BOX $ 1,494 ,777 $ 1,406 ,375 $ 1,422 ,83 4 6 .29 % 5 .06%
$ -
ADVERTIS IN G $ 271 ,665 $ 262 ,493 $ 28 1,22 4 3 .4 9 % -3 .40 %
LEASE R EVE NU E $ 15 ,3 18 $ 25 ,963 $ 14 ,566 -41 .00% 5 .16 %
CO NCESS IO N S AND M ISCELLA N EO U S $ 2 4 ,600 $ 24 ,600 $ 9 ,947 0 .00% 14 7 .3 1%
IN TEREST I NCOME $ 2 ,704 $ 2,7 04 $ 4 3 ,950 0 .00% -93 .85 %
$ -
PROPERTY TAX $ 4 ,053 ,116 $ 4 ,065 ,115 $ 3 ,985 ,853 -0 .30 % 1.69 %
LI CE N SE EXC ISE TAX $ 260 ,000 $ 260 ,000 $ 24 9 ,94 6 0 .00% 4 .02 %
$ -
LOCAL INCOM E TAX $ 739 ,168 $ 808 ,971 $ 76 4,444 -8 .63 % -3 .31 %
STATE A SS ISTANCE $ 2 ,080 ,062 $ 2 ,060 ,889 $ 2 ,080 ,062 0 .93 % 0 .00 %
FEDERAL PREVE NTAT IVE MA IN TE NA NCE $ 1,250 ,000 $ 1,250 ,000 $ 1,081 ,000 0 % 15 .63 %
FEDERAL ASS IST A NCE $ 2 ,28 4 ,955 $ 1 ,934 ,955 $ 1,79 1,2 00 18 % 27 .57 %
LEASE PAYMENT FROM C IT Y $ -$ 145 ,205 $ 200 ,000 -20 % -100 00 %
TOTAL $ 12 ,4 76 ,36 5 $ 12 ,247 ,942 $ 11 ,925 ,026 1.86 % 4 .62%
SOUTH BEND PUBLIC TRANSPORTATION CORPORATION
2026 EXPENSE PROJECTION
% CHANGE -2025 BUDGET VS .
ACTUAL 2024
2026 2025 2024 2025 2024
Expense Category BUDGET BUDGET ACTUAL BUDGET ACTUAL
Salaries & Waqes $ 6 ,888 ,585 $ 6 ,890 ,525 $ 6 ,371 ,680 -0 .03% 8 .11%
Fringe Benefits $ 2 ,626 ,015 $ 2 ,530 ,854 $ 2 ,130 ,046 3 .76% 23 .28%
Services $ 872 ,952 $ 752 ,309 $ 985 ,210 16.04% -11 .39%
Materials & Supplies $ 906 ,228 $ 885 ,669 $ 873 ,272 2.32% 3.77%
Utilities $ 427 ,000 $ 396 ,000 $ 337 ,335 7.83% 26 .58%
Insurance $ 643 ,285 $ 678 ,285 $ 546 ,125 -5 .16% 17 .79%
Other Taxes
Miscellaneous $ 112 ,300 $ 111 ,300 $ 90 ,377 0 .90% 24 .26%
SUB-TOTAL $ 12 ,476 ,365 $12,244,943 $ 11,334 ,045 1.89% 10 .08%
Transfer -Capital Improvements/ Reserve for Liability $ -
TOTAL $ 12,476,365 $12,244,942 $ 11,334,045 1.89% 10.08%
?
C ateqory
Personnel Serv ic es
Other Se rv ice s and Ch a rges
S u pp li es
C a pi t a l Outl ays
T otal A ppropr iat ions
TRA N SPO
Budgeted Approp ria ti ons
Operat ing Budget
2026 2025
9 ,5 14 ,60 0 9,42 1,37 9
2 ,055 ,537 1,937 ,894
906 ,228 885 ,669
54 ,860 268 ,000
$12 ,531 ,225 $12 ,5 12 ,943
3
Capital Bud get T otal 2026
2026 2025 Approp riations
9 ,514 ,600
2 ,055 ,53 7
906 ,22 8
1,001 ,140 1,34 0 ,000 1,056 ,000
$ 1,00 1,140 $1 ,340 ,000 $ 13 ,5 32 ,365
transpo
2026 OPERATING BUDGET ASSUMPTIONS
REVENUES:
Federal, State, and Local: Transpo continues to avail ourselves of annual federal
capital formula grant funds for preventative maintenance and operating assistance . The
application of such funds towards the operating budget assists with offsetting any
increased expenses . In the past year , expenses have been increasing greater than
revenues . This has increased the challenge of providing a balanced budget Transpo
will continue to pursue competitive grant opportunities to fund capital improvements and
expenses
Ridership and Revenue: Transpo , like public transportation agencies across the
country , continues to rebuild ridership following the COVID-19 Pandemic . The 2022
ridership was 72 % pre-pandemic ridership and continued to increase into 2024 where
ridership was 88% of pre covid numbers .
In June of 2025 , Transpo implemented the Connect Transit plan . It is still early in the
implementation process to determine the effects it has on ridership .and expenses .
EXPENSES:
Employee Wages and Benefits: For 2026 , Transpo budgeted an increase in wages
and employee benefits from the 2025 budget Wage increases are d ictated by
Collective bargaining agreements . Health insurance premiums have remained
unchanged , for the fifth year in a row , in the 2026 budget
Transfer -Capital Improvement Fund/Restricted Liability Reserve: The 2026
budget does not provide the opportunity to transfer funds into the capital account to fund
capital purchases . If at the end of 2026 , a budget surplus would occur , the surplus
would be transferred to the capital account to fund 2027 capital purchases .
, UPON THE ADOPTION OF THE ANNUAL BUDGET BY THE SOUTH
BEND PUBLIC TRANSPORTATION BOARD OF DIRECTORS, A
MONTHLY BUDGET, BASED ON HISTORICAL AND FUTURE TRENDS,
4
WILL BE ESTABLISHED. THIS WILL HELP FACILITATE THE MONTHLY
REVIEW OF FINANCIAL REPORTS BY BOARD MEMBERS AND
INTERNAL MANAGEMENT.
5
transpo
2026 OPERATING BUDGET POLICY STATEMENTS
FINANCIAL CAPACITY :
1. Management will continue to search for investment , grant and funding
opportunities to maximize revenues .
2. Management will assure cash handling pract ic es to safeguard funds in its
protect ion and toward t imely collect ion of funds owed .
SERVICE POLICY:
3. Transpo , in partnership with MACOG , completed the CONNECT Transit Plan
operationa l analysis in 2023 . The T ranspo Board of D irectors appro ved both the
Short-Term Network and Additional Funding Network . Transpo implemented the
changes on J une 2,2025 .
4 . Access se rv ice will be prov id ed i n accordance with all app lic able FTA guide lin es .
MANAGEMENT:
5. A profess ional workforce will carry out our M ission Statement Management will
assure fairness , consistency , and effective Equal Employment Opportunity and
Affirmative Action pol icies and practices .
6 . Assumes cont i nuation of team development , employee recognition , and
in creased opportunities for employee training
7 . Assumes cont inued pursuit of programs of wellness and accident prevention in
an effort to stem , to whatever e xtent possible , rising insurance costs .
6
DEPA RTM E NT:
ACC O UNT TITLE:
2024 ACTUAL
2025 MON THL Y AVERAGE
2025 ES T EXPENSE
Account T itle
Operat ions-F ixed Route
Operations-ADA
Operat ions -Administration
Maintenance-Veh icles
Maintenance-Administration
Maintenance-Non-Revenue
General Admin istrat ion
TRA NSPO
2026 BUDGE T SUB MI SSIO N
Al l
Salaries & Wages Summary
$ 6 ,371 ,680
$ 524 ,044
$ 6 ,288 ,525
To ta l
7
2026 B U DGE T REQUES T
2025 AP PR OV ED BUDG ET
BUD G ET CHANGE
2025
$ 3 ,7 86 ,246
749 ,596
457 ,903
1,07 1,181
142 ,751
114 ,7 51
568 ,094
$ 6 ,890 ,524
$ 6 ,888 ,585
$ 6 ,890 ,524
$ (1,939 )
2026
$ 3 ,800 ,163
775 ,748
383,424
1,080 ,662
145 ,996
118 ,414
584 ,178
$ 6 ,888 ,585
TRANSPO
2026 BUDGET SUBMISSION
DEPARTMENT : All
ACCOUNT TITLE : Fringe Benefits
2024 ACTUAL $ 2 ,130 ,046
2025MONTHLYAVERAGE $ 210 ,892
2025 EST EXPENSE $ 2 ,530 ,710
Account Title
Fr i nge Benefits-FICA
Fringe Benefits-Pension Plan
Fringe Benefits-Medical Insurance
Fringe Benefits-Dental Insurance
Fringe Benefits--Life Insurance
Fr i nge Benefits-Short Term Disability
F ri nge Benefits-U ne m p loymen t Ins ur a nc e
Fringe Benefits-Workman 's Compensation
Fr i nge Benefits-Un iforms
Fr inge Benefits-Tool Allowance
8
Summary
2026 BUDGET REQUEST
2025 APPROVED BUDGET
BUDGET CHANGE
Total
2025
$ 52 7 ,125
352 ,176
1 ,3 11 ,632
51 ,093
57 ,728
7 ,096
11 ,032
160 ,462
46 ,510
6 ,000
$2 ,530 ,854
$ 2 ,626 ,015
$ 2 ,530 ,854
$ 95 ,161
2026
$ 526 ,977
348 ,295
1 ,316 ,352
54 ,000
57 ,294
7 ,008
10 ,81 8
253,421
45 ,850
6 ,000
$ 2 ,626 ,015
TRANSPO
2026 BUDGET SUBMISSIO N
DEPARTMENT: All
ACCOUNT TITLE: Services
2024 ACTUAL $ 985 ,210
2025 MONTHLY AVERAGE $ 77 ,572 ------
2025 EST EXPENSE $ 1 ,022 ,121
Account Title
Professional & Technical
Board Travel /Trai n in g
Temporary Help
Contract Services Operations
Contract Services Maintenance
Contract Services Administration
Security Services
Phys ical Damage Repa irs
Recoveries of Physica l Damage Repairs
9
Summary
2026 BUDGET REQUEST
2025 APPROVED BUDGET
BUDGET CHANGE
2025
140 ,369
2 ,000
2 ,500
54 ,850
294,700
164 ,800
93 ,090
20 ,000
(20 ,000)
Total $ 752 ,309
$ 872 ,952
$ 752 ,309
$ 120 ,643
2026
165 ,369
2 ,000
2 ,500
58 ,850
308,700
198 ,800
136 ,733
20 ,000
(2 0 ,000 )
$ 872 ,952
TRANSPO
2026 BUDGET SUBMISSION
DEPARTMENT : A ll
ACCOUNT TITLE: Materials & Supplies Summary
2024 ACTU A L $ 873 ,272 2026 BUDGET REQUEST $ 906 ,228
2025 MONTHLY AVERAGE $ 69 ,194 2025 APPROVED BUDGET $ 885 ,669
2025 EST EXPENSE $ 830 ,325 BUDGET CHANGE $ 20 ,559
A ccount Title 2025 2026
Fuel & Lubricants Operations $ 496 ,082 $ 469 ,004
Fuel & Lubricants Maintenance 16 ,027 13 ,364
Tires & Tubes Maintenance 2 ,560 2 ,560
Materials & Supplies Operations 10 ,000 10 ,000
Materials & Supplies Maintenance 320 ,000 370 ,000
Materials & Supplies Marketing 17 ,000 17 ,000
Other Materials & Supplies Operations 7 ,500 7 ,800
O t her M at eria ls & S u pplies Main t e nance 2 ,60 0 2 ,600
O ther Materials & Supplies A dm i nistration 13 ,900 13 ,900
Total $ 885 ,669 $ 906 ,228
10
TRANSPO
2026 BUDGET SUBMISSION
DEPARTMENT: Administrat ion & Maintenance
ACCOUNT TITLE: Utilities
ACCOUNT NUMBER : 505-0x50-00 505-0x2x-00
2024 ACTUAL $ 337 ,335
2025 MONTHLY AVERAGE $ 38 ,646
2026 BUDGET REQUEST
2025 APPROVED BUDGET
BUDGET CHANGE 2025 EST EXPENSE $ 463,753
Account Title 2025
Electric ity $ 225 ,000
Water & Sewage $ 18 ,000
Trash Collection $ 6 ,000
Telephone $ 47 ,000
Natural Gas $ 100 ,000
Totals $ 396 ,000
11
$ 427 ,000
$ 396 ,000
$ 31 ,000
2026
$ 240 ,000
$ 18 ,000
$ 7 ,000
$ 47 ,000
$ 115 ,000
$ 427 ,000
TRANSPO
2026 BUDGET SUBM ISS IO N
D EPAR TM E NT: Al l
ACCO UN T TI TLE : Insurance Summary
2024 ACTUA L $ 546 ,125
2025 MONTH LY AVER A GE $ 56 ,059
2026 BUDGE T REQ U ES T
2025 APPROVED BUDGET
BUDGET CHANGE 2025 EST EXPENSE $ 672 ,710
Insurance -Liability & Physical Damage/Corporate Insurance
Othe r Co rporate Insu ra nce
12
Total
$ 643 ,285
$ 678 ,285
$ (35 ,000)
$ 643 ,285
$ 643 ,285
TRANSPO
2026 BUDGET SUBMISSIO N
DEPARTMENT: All
ACCOUNT TITLE : Miscellaneous
2024 ACTUAL $ 90 ,377
2025MONTHLYAVERAGE $ 7 ,719
-------'---
2025 EST EXPENSE
Account Title
Dues & Subscriptions
Travel & Meetings
Community Services
Promotion
Adv ertis in g P lace ment s
$ 108 ,300
Interest Expense on Tax Warrants /Loans
13
Summary
2026 BUDGET REQUEST
2025 APPROVED BUDGET
BUDGET CHANGE
Total
2025
$ 17 ,300
12 ,500
12 ,000
14 ,000
45 ,500
10 ,000
$111 ,300
$ 112 ,300
$ 111 ,300
$ 1,000
2026
$ 18 ,300
12 ,500
12 ,000
14 ,000
45 ,500
10 ,000
$ 112 ,300
TRANSPO
2026 BUDGET SUBMISSION
DEPARTMENT: All
ACCOUNT TITLE : Passenger Fares Summary
ACCOUNT NUMBER: 413-0100-00
2024 ACTUAL
2025 AV ER AGE
2025 EST IMAT ED
Account Tit le
Passenger Revenue
$ 1,422 ,834
$ 121 ,347
$ 1,456 ,167
Acce ss Passenger Revenue
Acc ess Punch Card Revenue
Passport Revenue
Student Pass Revenue
Tr ip per Revenue
Two Week Pass
One Day Pass
Student Summer Pass
2026 BUDGET REQUEST
2025 A PPR OV ED BUDGET
BUDGET CHANGE .
2025
$ 652 ,962
39 ,892
73 ,302
262 ,851
1,680
227 ,065
63 ,042
85 ,581
$ 1,406 ,375
14
$ 1,494,777
$ 1,406 ,375
$ 88,402
2026
$ 691 ,789
39 ,194
72 ,632
287 ,883
236 ,114
65 ,589
101 .576
$ 1,494 ,777