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Home My WebLink About06-15-26 GREATER ROANOKE TRANSIT COMPANY BOARD OF DIRECTORS June 9, 2026 Joseph L. Cobb, President, and Members of the Greater Roanoke Transit Company Board of Directors Dear President Cobb and Members of the Board: The regular meeting of the Greater Roanoke Transit Company Board of Directors will be held in the City Council Conference Room, Room 451, Noel C. Taylor Municipal Building, 215 Church Avenue, S. W., Roanoke, Virginia on Monday, June 15 at 1:00 p.m. and recess for the Stockholder's Meeting in City Council Chamber, Room 450, at 1:30 p.m. We will reconvene promptly at 1:45 -2:00 p.m. to continue the GRTC Board of Directors meeting. Sincerely, 6-et-ther-J. M-eet-tr Cecelia F. McCoy Secretary c: Valmarie Turner, GRTC Vice President of Operations Angela O'Brien, GRTC Assistant Vice President of Operations Laura M.-Carini, GRTC General Counsel and Registered Agent Troy A. Harmon, Municipal Auditor Kevin Price, General Manager, Valley Metro Ron Parker, Assistant General Manager, Valley Metro GREATER ROANOKE TRANSIT COMPANY BOARD OF DIRECTORS June 15, 2026 1:00 p.m. CITY COUNCIL CONFERENCE ROOM ROOM 451 215 CHURCH AVENUE, S. W. ROANOKE, VIRGINIA AGENDA 1. Call to Order-- Roll Call, President Joseph Cobb was absent. 2. Approval of Minutes: Regular meeting of GRTC held on Monday, May 18, 2026, and Special Meeting held on Monday, June 8, 2026. Without objection, the reading of the Minutes was dispensed with and approved. 3. Reports of Officers: a. General Manager: 1. GRTC FY27 Budget Presentation Received and filed. 2. Adoption of the FY27 Budget Adopted Resolution. (6-0) 3. Adoption of the GRTC Board of Directors Meeting Schedule for the 2026-2027 Fiscal Year. Adopted Resolution. (6-0) 4. Other Business: Director Richard "Pete" Peters resigned his position as Director. Prior to his departure, Director Peters recommended that Adam Cody Sexton, currently serving as Assistant Town Manager for the Town of Vinton, be appointed as his successor for the next term of office beginning July 20, 2026. Director Peters also asked the General Manager to explain how paratransit service eligibility and service areas are determined, noting that some riders have expressed confusion regarding service requests and the operating boundaries within Roanoke County and the City of Roanoke. He further inquired about how geographic service boundaries are established, particularly in areas where ZIP codes overlap between jurisdictions. 5. Next Meeting: Monday, July 20, 2026, at 12:30 p.m., in the HR Learning Center, 215 Church Ave. SW, Suite 310, Third Floor North. 6. Adjournment: 1:25 p.m. vc■114ey Greater Roanoke Transit Company Board of Directors Meeting Action Item June 15, 2026 The Honorable Joseph Cobb, President, and Members and Officers of the Board of Directors Greater Roanoke Transit Company Roanoke,Virginia Subject: GRTC Fiscal Year 2026—2027 Operating Budget Background The Board of Directors annually appoints a Budget Committee to review the proposed operating budget for the Greater Roanoke Transit Company(GRTC) and provide a recommendation to the full Board of Directors.Vivian Sanchez-Jones(Board Vice President), Karen Michalski (Board Member), and Angie O'Brien (GRTC Assistant Vice-President of Operations)were appointed to the Fiscal Year 2027 Budget Committee. The Budget Committee was presented the proposed Fiscal Year 2027 operating budget.The Budget Committee endorsed the proposed budget in its current form and agreed to recommend it to the full Board of Directors.The recommended budget is attached and totals$14,550,252. Recommendation The Budget Committee recommends that the Board of Directors approve GRTC's Fiscal Year 2026—2027 operating budget. Respectfu ly mined, e ' rice GR General Manager Greater Roanoke Transit Company P.O.Box 13247 Roanoke,Virginia 24032 Phone:(540)982-0305 Fax:(540)982-2703 www.valleymetro.com Cc: Vice President of Operations Assistant Vice President of Operations Treasurer Secretary Legal Counsel Municipal Auditor Greater Roanoke Transit Company P.O. Box 13247 Roanoke,Virginia 24032 Phone:(540)982-0305 Fax:(540)982-2703 www.valleymetro.com Greater Roanoke Transit Company FY 2027 Budget WsuIIy Mc!ke, vsrgsnsarsi R Summary • Total Budget - $ 14,550,252 — Fixed Routes, Starline, Smart Way Services, & MetroFLX • Service Levels — MetroFLX • Year two for GRTC's MetroFLX three-year pilot as funded by DRPT ($3,263,104 = $2,610,483 in state funding, $652,620 match) — All other service levels remain unchanged • Potential Star Line Trolley route modification — Reduce to 30-minute frequency — Extend route to include Third Street Station Revenue • Passenger Revenue — $1,605,075 — Fare increase of $.25 effective January 2027 (Roughly $181k projected passenger revenue or 15%) • Richmond — GRTC — Zero fare • Lynchburg — GLTC — $2.00 • Hampton Roads — HRT - $2.00 • Charlottesville — CAT — Zero fare • Other Revenue — Increase of 6% — $140,000 (Advertising) • State/Federal Revenue — State - $4,671,496 — Federal - $5,363,455 (FTA 5307 & FTA 5311) • Loca I — Total Local Subsidies - $2,768,726 • City of Roanoke - $2,078,586 — Director of Transit — Management Model Change • City of Salem - $283,484 • Town of Vinton - $88,409 • Other - $318,247 Expenses • Labor — $5,438,664 (Overtime & Premium Pay) • Fringe Benefits — Medical increase approx. 19% (less than 100 employees) • Utilities — Significant increase — Electric buses — Third Street Station • Miscellaneous — Paratransit (RADAR — STAR, MetroFLX) increase of 14% due to MetroFLX expenses being included in annual budget. • Other — Adjustments in Materials and Supplies, Utilities, and Insurance — Diesel fuel per gallon increase - $3.50 per gallon (increase due to Middle East conflict) — Fare Free Days — 4 - $20,000 • Try Transit (September 2026), Transit Equity Day (February 2027) • Compensation — 2% cost of living increase Capital /Grant Funding • Transit Transfer Center — Year Four Operation • Snow removal • Landscaping Maintenance • Customer Service Center Operations • Water-System Maintenance • Bus Replacement/Rebuild — $953,000 - 1 Over-the-road Smart Way Express vehicle(previously funded/5339 Funds) — Tariffs • Transit Bus Shelters — Approximately 10 planned projects FY' 27 Budget Notes • State funding support — Adopted by Commonwealth Transportation Board ( CTB) in May/June 2026 • Federal funding support — FFY' 26 federal apportionments released in March 2026 — FFY' 27 federal apportionments to be released in Fall 2026 ( historically) GREATER ROANOKE TRANSIT COMPANY COMBINED OPERATING BUDGET SUMMARY FY 27 2032 700 3711.75 1050 7.145 REVENUES FY 25 ACTUAL FY 26 BUDGET FY 27 BUDGET %INCR/DECR PASSENGER REVENUES $ 1,221,597 $ 1,438,495 _$ 1,605,075 12% ADVERTISING $ 178,137 $ 200,000 $ 140,000 -30% INTEREST $ 2,207 $ 1,900 $ 1,500 -21% OTHER REVENUES $ 174,122 $ - #DIV/0! TOTAL REVENUES $ 1,576,063 $ 1,640,395 $ 1,746,575 6% EXPENSES LABOR $ 5,228,579 $ 5,240,670 $ 5,438,664 4% FRINGE BENEFITS $ 2,029,594 $ 2,342,008 $ 2,195,912 -6% SERVICES $ 1,010,552 $ 1,163,472 $ 1,017,012 -13% MATERIALS&SUPPLIES $ 1,203,427 $ 1,370,295 $ 1,164,000 -15% UTILITIES $ 236,208 $ 179,952 $ 264,000 47% INSURANCE $ 298,553 $ 304,000 $ 288,717 -5% MISCELLANEOUS $ 3,420,574 $ 3,679,100 $ 4,181,947 14% TOTAL EXPENSES $ 13,427,487 $ 14,279,497 $ 14,550,252 2% DEFICIT $ (11,851,424) $ (12,639,102) $ (12,803,677) 1% SUBSIDIES FEDERAL I$ 4,310,163 I$ 5,904,111 $ 5,363,455 -9% STATE $ 4,429,377 $ 3,436,142 $ 4,671,496 36% OTHER LOCAL $ 802,448 $ 928,264 $ 690,140 -26% CITY OF ROANOKE $ 2,162,308 $ 2,370,586 $ 2,078,586 -12% TOTAL SUBSIDIES $ 11,704,296 $ 12,639,102 $ 12,803,677 1% NET INCOME LOSS $ 147,128 I$ - $ 0 D1 1 operating budget 6/8/2026 BOARD OF DIRECTORS OF GREATER ROANOKE TRANSIT COMPANY A Resolution Approving a Fiscal Year 2026-2027 Budget for Greater Roanoke Transit Company. WHEREAS, the Greater Roanoke Transit Company (GRTC) Budget Review Committee has reviewed the General Manager's proposed operating budget for GRTC for fiscal year 2027 (July 1, 2026 to June 30, 2027); and WHEREAS, the Budget Review Committee has endorsed the recommended budget of $14,550,252. THEREFORE, BE IT RESOLVED by the Board of Directors of the Greater Roanoke Transit Company that the Board of Directors hereby adopts the fiscal year 2026-2027 Budget in the aggregate amount of$14,550,252, all as set forth in an attachment to the Board Report dated June 15, 2026, from the GRTC General Manager. ATTEST: Secretary WC111114011 Alig°111k Greater Roanoke Transit Company Board of Directors Meeting June 15, 2026 The Honorable Joseph Cobb, President, and Members and Officers of the Board of Directors Greater Roanoke Transit Company Roanoke, Virginia Subject: Board of Directors Meeting Schedule for Fiscal 2027 Background At its June 16, 2025 meeting, the GRTC Board of Directors approved, by resolution, its meeting schedule for the 2026 fiscal year. The Board needs to adopt a meeting schedule for the 2027 fiscal year. Recommendation The following GRTC Board of Directors meeting schedule is recommended for the 2027 fiscal year: 2026 2027 July 20th January 19th (Monday January 18th MLK Day) September 21st March 15th November 16th May 17th June 21st The June 21, 2027, meeting will be at 1:45 P.M. in the City Council's Conference Room on the fourth floor of the Noel C. Taylor Municipal Building, 215 Church Ave., SW, Roanoke, Virginia 24011. All other meetings will be at 12:30 P.M. in the HR Learning Center North, Room 309 on the 3rd floor of the Noel C. Taylor Municipal Building. Respectfully S.bmitted, evil . Price Ge eral Manager Cc: Vice President of Operations Assistant Vice President of Operations Treasurer Secretary General Counsel Municipal Auditor Greater Roanoke Transit Company P.O.Box 13247 Roanoke,Virginia 24032 Phone:(540)982-0305 Fax:(540)982-2703 www.valleymetro.com BOARD OF DIRECTORS OF GREATER ROANOKE TRANSIT COMPANY A RESOLUTION establishing a specific meeting schedule for the Board of Directors of the Greater Roanoke Transit Company(GRTC). WHEREAS, at the Board's June 15, 2026, meeting, the GRTC General Manager recommended that the Board adopt a specific meeting schedule for the 2027 Fiscal Year, which ends on June 30, 2027, as more fully set forth in the General Manager's report dated June 15, 2026, to this Board. THEREFORE, BE IT RESOLVED by the Board of Directors of GRTC as follows: 1. That the Board of Directors hereby approves and adopts the specific meeting schedule that is set forth below. Except for the meeting to be held on June 21, 2027, all meetings are set to start at 12:30 p.m. and will be held in the HR Learning Center which is located in Room 309 on the Third Floor North of the Noel C. Taylor Municipal Building, 215 Church Avenue, S.W., Roanoke, Virginia 24011, unless a different location is designated by the President or Secretary of the Board. The meeting for Monday, June 21, 2027, will be held at 1:45 p.m. in the City Council Conference Room, Room 451, on the fourth floor of the Noel C. Taylor Municipal Building, 215 Church Avenue, SW, Roanoke, Virginia 24011. In accordance with Article III, Section 4 of the GRTC By-Laws, the following meeting dates for the GRTC Board are approved for the 2027 Fiscal Year: July 20, 2026 (Monday, 12:30 p.m. —HR Learning Center) September 21, 2026 (Monday, 12:30 p.m. —HR Learning Center) November 16, 2026 (Monday, 12:30 p.m. —HR Learning Center) January 19, 2027 (Tuesday, 12:30 p.m. —HR Learning Center) March 15, 2027 (Monday, 12:30 p.m. —HR Learning Center) May 17, 2027 (Monday, 12:30 p.m. —HR Learning Center) June 21, 2027 (Monday, 1:45 p.m. — City Council Conference Room, Room 451). 1 2. The GRTC Board can hold additional meetings on an as-needed basis in accordance with the GRTC By-Laws. 3. The schedule of meetings for the GRTC Board for subsequent fiscal years may be set annually by the Board at the June Board meeting, or at any other Board meeting as the Board may determine to be appropriate. ATTEST: -tc1J-t14, d-. wit-cort Cecelia F. McCoy, Secretary, -- _ 2