Key West Transit Development Plan FY2025-2034

Appendix G: Ten-year Budget Forecast

Appendix G: Ten-year Budget Forecast

Cost/Revenue

2025 2026 2027

2028

2029

2030

2031

2032

2033

2034

10-Year Goal

Operating Revenues Federal Section 5311

Operating Revenues

$23,695,196 $3,004,022 $3,176,389 $10,402,235 $6,748,751 $15,364,846 $4,325,140 $1,149,721 $185,000 $5,308,633 $396,530 $87,598

$2,164,000 $2,207,280 $2,251,426 $2,296,454

$2,342,383 $300,916 $318,362 $1,028,311 $667,146 $1,518,888

$2,389,231 $306,934 $324,730 $1,048,877 $680,489 $1,549,266 $436,112 $115,928 $18,500 $535,279 $39,653 $8,833

$2,437,015 $313,073 $331,224 $1,069,854 $694,099 $1,580,251

$2,485,756 $319,335 $337,849 $1,091,251 $707,981 $1,611,856 $453,731 $120,612 $18,500 $556,905 $39,653 $9,189

$2,535,471 $325,721 $344,606 $1,113,076 $722,141 $1,644,094

$2,586,180 $332,236 $351,498 $1,135,338 $736,583 $1,676,975 $472,062 $125,485 $18,500 $579,404 $39,653 $9,561

FDOT Block Grant

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

$295,016

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

FDOT Commuter Assistance (LKS)

$616,340 $628,667

$641,240 $654,065

Parking Revenues

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

Parking Fine Fare Revenues

$8,000

$8,160

$8,323

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

$8,659

$9,009

$9,373

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

$427,561 $113,655 $18,500 $524,784 $39,653

$444,834 $118,247

$462,805 $123,024

Advertising: Onboard and Bus Shelter Ads

Motor Fuel Tax Rebate

$18,500 $18,500

$18,500

$18,500

$18,500

Interlocal Agreements for LKS

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

$545,985 $39,653

$568,043 $39,653

Misc. Revenues (Lease Agreement: We've Got the Keys)

$39,653 $39,653

$39,653

$39,653

New Local Contribution & Private Partnerships (Potential KWIC revenue, tax dollars with the establishment of Multimodal MSTU, Tourist Development Bed Taxes, etc.)

$6,938,118

— $500,000 $510,000 $520,200

$530,604

$541,216

$1,052,040

$1,073,081

$1,094,543

$1,116,434

Total Operating Revenues $6,712,530 $7,390,618 $7,537,267 $7,686,849

$7,839,423

$7,995,048 $8,653,786 $8,825,699 $9,001,050 $9,179,908

$80,822,178

Capital Revenues

Capital Revenues

$30,426,509 $2,164,443

Federal Section 5311 (Vehicles & Equipment Including Farebox Overall)

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

$2,654,153

$2,707,236

$2,761,381

$2,816,608

$2,872,941

$2,930,399

$2,989,007

Federal Section 5311 (PnR Rehab)

$721,481 $70,000

$721,481

$721,481

—

—

—

—

—

—

—

$707,582

Federal Section 5339

— $74,285

$75,770

$77,286

$78,831

$80,408

$82,016

$83,656

$85,330

$32,000,000 $65,298,534

New Federal Grants for Capital Assistance (Low No, TOD, Bus & Bus Facilities)

$12,000,000 $12,000,000

$8,000,000

—

—

Total Capital Revenues $6,333,065 $3,272,570 $3,397,876 $2,729,923

$2,784,522 $14,840,212 $14,897,016 $10,954,957 Total Operating and Capital Program Costs & Revenue Summary

$3,014,056

$3,074,337

Total Operating and Capital Program Costs & Revenue Summary

$146,120,712 $184,626,359 $(38,505,647) $(88,053,974)

Total Revenues

$13,045,595 $10,663,188 $10,935,143 $10,416,772 $12,104,818 $11,070,150 $10,399,354 $10,633,070

$10,623,945

$22,835,261

$23,550,803 $30,164,127 $(6,613,324) $(11,742,729)

$19,780,656 $26,368,909 $(6,588,254) $(18,356,053)

$12,015,106 $18,730,788 $(6,715,682) $(24,944,306)

$12,254,245 $19,099,903 $(6,845,659) $(31,659,988)

Total Costs

$16,225,653 $29,829,588

Revenues Minus Costs Rollover from Prev. Year

$940,777 $(406,962)

$535,790 $(216,297) $533,815 $1,069,605

$(5,601,708)

$(6,994,238) $(4,748,401)

— $940,777

$853,307

$(11,742,729) $(18,356,053) $(24,944,306) $(31,659,988) $(38,505,647) $(126,559,621)

Surplus/Shortfall $940,777 $533,815 $1,069,605 $853,307

$(4,748,401)

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APPENDIX — Transit Development Plan FY 2025–2034

APPENDIX — Transit Development Plan FY 2025–2034

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