NTTA Board of Directors Approves
2011 Preliminary Budget

At its regularly scheduled October meeting, the NTTA Board of Directors voted to approve the NTTA’s 2011 preliminary budget; specifically, the Operation and Maintenance Fund (OMF Fund) and the deposit to the Reserve Maintenance Fund as required under the NTTA Trust Agreement.  The OMF Fund is used to account for and pay current operating expenses for the NTTA System.  The OMF figure in the 2011 preliminary budget that was approved is $111,056,702—a slight decrease from the 2010 budget of $112,618,802. 

The NTTA's total 2011 preliminary budget across all funds (including OMF, construction fund funded by $547.9 million from bond proceeds, reserve maintenance fund and capital improvement) is $765,785,506—a decrease of $362,417,637 from 2010.

The 2011 preliminary budget can be viewed in its entirety here.  The final 2011 budget will not be approved until December.