By: Diane Benjamin
The Year End for Connect Transit was June 30th. Instead of presenting an un-audited statement of revenue and expenses for June, they skipped it.
The packet does show total expenses, but that’s only because the Board had to approve payments. https://drive.google.com/file/d/1TiC87VqRCaB2wpLhup39CgrsDb2u9SmX/view
Income in June of the previous year was below $100,000. That means without the new buses Connect easily lost over $1,000,000 for just June.
Many of the statistics Connect normally includes are blank for June. One they did include is Fixed Route passengers per hour. According to PDF page 12, Connect runs 6 Fixed Routes. Boardings per hour (PDF page 8) was 17.25. That is less than 3 people on each route.
PDF page 11 shows total fixed route ridership of 143,765. Keep in mind that isn’t the number of riders for the month since changing buses counts as 2 rides. The return trip is another 2 rides. Even Connect admitted at a meeting I attended they have no idea how many people actually use the buses.
One interesting fact:
The financial statements for the years ending 6/30/16 and 6/30/17 were audited together. https://www.connect-transit.com/documents/FINAL-Statement-Dated%2010.17.17%20Bloomington-Normal%20Public%20Transit%20System.pdf
Statements should be audited EVERY year! The operating losses for 3 years are on PDF page 18: