Community Transit financial documents are provided to give easy access to important information about agency revenues, expenditures
The annual adopted budget provides details of Community Transit's plans and projections for the current fiscal year. This includes agency operating revenue, department-level expense budgets, capital projects and other non-operating activity. The Board of Directors adopts an annual budget in December of the preceding year. Each spring, the board adopts an amended budget updating that year's projected revenues and expenses.
Comprehensive Annual Financial Reports (CAFRs) provide audited financial information for past years, including financial statements, grants, key performance indicators, comparative financial information and economic data. Each spring, the agency publishes the previous year's audited CAFR.
Community Transit's primary funding comes from a voter-approved 1.2 percent sales tax within the service district. That’s 12 cents of every $10 taxable purchase.
Sales tax revenue typically accounts for 65 to 70 percent of Community Transit’s operating budget. Rider fares account for about 20-25 percent of the operating budget, and grants, advertising