Gold Coast Transit District FY2027 Budget
The Gold Coast Transit District's proposed operating and capital budget for fiscal year 2027 (July 1, 2026 - June 30, 2027), a pre-adoption draft presented to the Board of Directors for consideration.
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The Gold Coast Transit District's proposed operating and capital budget for fiscal year 2027 (July 1, 2026 - June 30, 2027), a pre-adoption draft presented to the Board of Directors for consideration.
The Board addressed several financial and operational items, including a review of the May 2026 financial analysis and the approval of June 2026 expenditures. Key legislative actions included the adoption of resolutions concerning the State Transit Assistance and State of Good Repair allocations, and authorization to participate in the SPURR Low Carbon Fuel Standard Program. Additionally, the Board reviewed and approved the FY 2027 Transit Asset Management Plan and received a report detailing contracts awarded by the District.
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The Board of Directors discussed and reviewed various agenda items, including the General Manager's monthly report, the approval of monthly expenditures, and the receipt of financial reports for April. The board conducted a public hearing and approved the FY 2027 Operating Budget and Capital Plan. Additionally, the Board authorized the filing of a TDA claim for Fiscal Year 2026-27, approved participation in the SPURR Low Carbon Fuel Standard Program, and received a presentation on the TDA Triennial Performance Audit. The meeting also included reports on monthly budget updates, contracts awarded, and updates on weighted vote formulas based on updated population estimates.
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