2006 LTC Operating Budget
In response to my inquiry about Staff Report #2 from the 2006/02/01 agenda, this response from Joanna Kurowski (LTC Manager of Service Quality)…
Make up of the $33,889,300 in revenue from Fares/operating/reserves for Conventional Transit Services.
The following table provides the breakdown of the $33,889,200.
| Revenue | Amount |
| Transportation (passenger fares) | $ 25,403,200 |
| Operating (interest, advertising, Provincial Gas Tax) (1) | 7,729,700 |
| Funding from reserves | 756,400 |
| Total | $ 33,889,300 |
| (1) includes the expected receipt of $6,863,200 in provincial gas tax funding, which as required is offset by a corresponding contribution to a reserve fund. The use of the moneys in the reserve fund (for capital and operating purposes) is subject to the formal budget approval process. | |
© Fowler Media
