Cynthia D. Penny-Ardinger Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris
MEMORANDUM
TO:
MDTA Board
FROM: SUBJECT:
Director of Budget Jeffrey Brown
Fiscal Year 2025 Operating Budget vs. Actual Spending Review
DATE:
September 25, 2025
PURPOSE The purpose of the memorandum is to report on fourth quarter Fiscal Year (FY) 2025 spending compared to the FY 2025 Amended Operating Budget. KEY TAKEAWAY As of June 30, 2025, 95% of the budget was spent compared to a target of 100%. Except for fixed charges, all Object Codes were within or below budget spending levels. SUMMARY Budget analysis threshold: More than $500,000 budgeted with variances greater than +/- 5% of the targeted spending level. • Salaries & Wages/Technical & Special Fees ( Object 01 & 02 - $234.8M Budget ) are at targeted spending levels with a 100% spend rate. • Communications ( Object 03 - $4.3M Budget ) is below budget with a 74% spend rate primarily due to lower telecommunications (telephone, cell phone, etc.) expenses. The primary driver for the underspend due to the delayed new maintenance contract that was scheduled for FY 2025 but will be completed in FY 2026. • Travel ( Object 4 - $639K Budget ) is below budget with a 42% spend rate. The availability of virtual meetings coupled with new travel guidelines are key drivers for the underspending in this category.
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