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TTA General Fund <br /> TTA's General Fund activities include governmental function including governing board, general <br /> management, purchasing, accounting, budgeting and regional planning. General fund employees <br /> are responsible for carrying out the policies established by the Board of Trustees and for the <br /> management of all operational programs. Achievements during FY 1993 include establishment <br /> of the regional bus service; purchase of ridesharing vans, medium duty buses, fare collection <br /> equipment, and mobile radios; supervision of the Wake Coordinated Transportation System; <br /> initiation of the Triangle Fixed Guideway Study; and preparation of the 1992 Audit and Annual <br /> Report. During fiscal year 1993/1994, emphasis will shifted to operation of the regional service, <br /> and completion of the Triangle Fixed Guideway Study. <br /> FY 1992/1993 <br /> TTA GENERAL FUND SUMMARY <br /> EXPENSES <br /> Board of Trustees $ 12,313 <br /> General Management 285,234 <br /> Regional Planning 242,905 <br /> To Ridesharing Fund 65,777 <br /> To Bus Fund 597,631 <br /> TOTAL EXPENSES $1,203,860 <br /> REVENUES <br /> NCDOT $ 58,337 <br /> Federal Transit Administration 83,856 <br /> Vehicle Registration Tax 3,063,480 <br /> Investment Income 50,357 <br /> Conference Registration 11,521 <br /> TOTAL REVENUE $3,267,119 <br /> NET REVENUE $2,063,259 <br /> FUND BALANCE (6/30/93) <br /> To Match Grants $1,429,960 <br /> Available Fund Balance 1,275,516 <br /> TOTAL FUND BALANCE $2,705,476 <br /> 16 <br />