MITS OPERATING REVENUE FORECAST
| REVENUE ITEMS | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Local Assistance | $ 3,629,104 | $ 5,368,695 | $ 5,505,065 | $ 5,644,165 | $ 5,786,040 |
| State Assistance | 1,473,228 | 1,449,750 | 1,449,750 | 1,449,750 | 1,449,750 |
| Federal FTA Sect. 5307 | 1,900,000 | 2,126,700 | 2,169,235 | 2,212,620 | 2,256,870 |
| Total Revenues | $ 7,002,332 | $ 8,945,145 | $ 9,124,050 | $ 9,306,535 | $ 9,492,660 |
The following table displays the anticipated use of federal funding for transit projects by year. It should be noted that Federal Transit Administration (FTA) Section 5309 funds are discretionary and will require that the Muncie Indiana Transit System pursue obtaining them.
FEDERAL TRANSIT ADMINISTRATION FUNDS AVAILABLE (Cash Flow)
| Federal Transit Funds | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Beginning Balance (Carryovers) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
| Federal Apportion (FTA 5307) | 1,900,000 | 2,126,700 | 2,233,235 | 2,212,620 | 2,256,870 |
| Federal Award (FTA 5339) | 342,476 | 2,720,000 | 1,464,000 | 976,000 | 1,464,000 |
| Federal Award (FTA 5310) | 100,000 | 176,000 | 176,000 | ||
| Total Federal Funds Available | $ 2,342,476 | $ 4,846,700 | $ 3,697,235 | $ 3,364,620 | $ 3,896,870 |
| Operating Expenses | 1,900,000 | 2,126,700 | 2,169,235 | 2,212,620 | 2,256,870 |
| 10 Hybrid-electric buses (1,5,3,2,3) | 342,476 | 2,400,000 | 1,464,000 | 976,000 | 1,464,000 |
| 2 Paratransit vans in FY (1,0,0,2,2) | 100,000 | 176,000 | 176,000 | ||
| Replace roof: MITS Headquarters | 320,000 | ||||
| 1 Maintenance Service Truck | 36,000 | ||||
| 1 Hybrid Supervisor Vehicle | 28,000 | ||||
| Total Projects | $ 2,342,476 | $ 4,846,700 | $ 3,697,235 | $ 3,364,620 | $ 3,896,870 |
| Ending Balance | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |