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Page 30 of 31 <br /> 7 <br /> 01 <br /> Tria►-a qjle <br /> FY25 GoTriangle Budget Assumptions <br /> Total GoTriangle Operating Revenue and Expenses <br /> Operating Revenue - $42.9M (FY24 - $41.1 M) <br /> Reduced vehicle rental tax by $3.7M <br /> Appropriating $3.1 M from Fund Balance <br /> Operating Expenses - $42.9M (FY24 - $42.6M) <br /> Operating Revenues <br /> Vehicle Rental Tax - $11.2M (FY24 - $13.7M) <br /> $5 Vehicle Registration Tax - $6.9M (2% > FY24 - $6.9M) <br /> Federal Grant Funding - $2.4M (FY24 - $1.6M) <br /> SMAP Funding - $2.8M (FY24 - $2.8M) <br /> Transit Service Revenue - $9.1 M (FY24 - $7.9M) <br /> Indirect Costs - $2.8M (FY24 - $2.3M) <br /> Miscellaneous - $2.5M (FY24 - $2.4M) <br /> Return to Fares and GoPass - $2.3M (suspended in FY20) <br /> Fares - $730K <br /> GoPass - $875K <br /> Paratransit - $700K <br /> Operating Expenses <br /> Headcount - 304 FTEs (FY24 - 285 FTEs) <br /> Includes Durham, Orange and Wake Transit funded positions <br /> Salaries and Benefits <br /> Includes new competitive pay structure for Transit Operations <br /> Average Merit - 3.5% (FY24 - 3.5%) <br /> 7% increase for FY25 budget for employee healthcare <br /> Bus Operations <br /> Directly operated revenue hours - 136,607 (FY24 - 131,307) <br /> Cost per hour - $173 (FY24 - $161) <br /> Contracted Services Hours - 7,951 (FY24 - 9,899) <br /> Total GoTriangle Capital Revenue and Expenditures <br /> Capital Revenue - $70.2M (FY24 - $33.OM) <br /> Capital Expenditures - $70.2M (FY24 - $35.7M) <br />