Key West Transit Development Plan FY2025-2034

9.1 Short-Term Operating and Capital Improvements

Table 9-4: Short-Term Financial Plan (cont.)

Short Term Total

Cost/Revenue

2025 2026 2027

2028

2029

Operating Revenues Federal Section 5311

$2,164,000 $2,207,280 $2,251,426 $2,296,454 $2,342,383 $2,389,231

FDOT Block Grant

$278,000 $283,560 $289,231

$295,016

$300,916 $318,362

$306,934 $324,730 $1,048,877 $680,489 $1,549,266 $436,112 $115,928 $18,500 $535,279 $8,833

Service Development Program (KW Rides) Transit Corridor Program (Duval Loop)

$250,000 $300,000 $306,000 $312,120

$950,000 $969,000 $988,380 $1,008,148 $1,028,311

FDOT Commuter Assistance (LKS)

$616,340 $628,667

$641,240 $654,065

$667,146

Parking Revenues

$1,403,218 $1,431,282 $1,459,908 $1,489,106 $1,518,888

Parking Fine Fare Revenues

$8,000

$8,160

$8,323

$8,490 $419,177 $111,427 $18,500

$8,659

$395,000 $402,900 $410,958 $105,000 $107,100 $109,242

$427,561 $113,655 $18,500 $524,784

Advertising: Onboard and Bus Shelter Ads

Motor Fuel Tax Rebate

$18,500 $18,500

$18,500

Interlocal Agreements for LKS

$484,819 $494,515 $504,406 $514,494

Misc. Revenues (Lease Agreement: We've Got the Keys) New Local Contribution & Private Partnerships (Potential KWIC revenue, tax dollars with the establishment of Multimodal MSTU, Tourist Development Bed Taxes, etc.) Capital Revenues Federal Section 5311 (Vehicles & Equipment Including Farebox Overall)

$39,653 $39,653

$39,653

$39,653

$39,653

$39,653

— $500,000 $510,000 $520,200

$530,604

$541,216

Total Operating Revenues $6,712,530 $7,390,618 $7,537,267 $7,686,849 $7,839,423 $37,166,687

$5,541,584 $2,551,089 $2,602,111

$2,654,153 $2,707,236

$2,761,381

Federal Section 5311 (PnR Rehab)

$721,481 $70,000

$721,481

$721,481

—

—

—

Federal Section 5339

— $74,285 $78,831 Total Capital Revenues $6,333,065 $3,272,570 $3,397,876 $2,729,923 $2,784,522 $18,517,956 $75,770 $77,286

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Transit Development Plan FY 2025–2034