State Auditor Report

Delaware Transit Corporation Financial Statement Audit Report FY24

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Mentions of “SUBSIDIES” — 5 found on pages 19, 23, 29, 60

… Net cash used in operating activities (136,220,155) Cash flows from noncapital financing activities Federal operating subsidies 16,016,861 Pass-through grant revenue 343,610 Pass-through grant payments (5,353,881) Transfers from DelDOT 102,609, …

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… corporation of the Delaware Transportation Authority (the Authority). The Authority provides significant operational subsidies to DTC annually. DTC is authorized to operate the public transportation system within the State of Delaware (State). …

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… Revenues from DART cards are recognized at the point of sale. DTC defines nonoperating revenues as federal operating subsidies, pass-through grant revenues, investment income, capital contributions, lease revenue, loss on disposal of assets, and …

Open p.29 ↗

… uer that comprised more than 5% of the OPEB Trust investments. (13) Economic Dependency DTC's revenue from operating subsidies from State entities was approximately 72% of total revenue for the Fiscal Year Ended June 30, 2024. DTC's revenue fr …

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… ntities was approximately 72% of total revenue for the Fiscal Year Ended June 30, 2024. DTC's revenue from operating subsidies from federal entities was approximately 11% of total revenue for the Fiscal Year Ended June 30, 2024. (14) Commitment …

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Referenced entities

Vendors named in this document

83 mentions Pages: 1 2 3 4 5 6 7 8
44 mentions Pages: 16 23 26 27 28 30 32 37
14 mentions Pages: 2 10 13 14 18 19 23 28
9 mentions Pages: 2 10 24
6 mentions Pages: 6 9 74 75
2 mentions Pages: 31 32
2 mentions Pages: 51 59
1 mention Pages: 2

Vendor names in text

CliftonLarsonAllen LLPCondensed Financial Information - Delaware Transit CorporationDelaware Transit CorporationFederal Deposit Insurance CorporationLaw Chapter 435, Delaware Transit Corporation

Programs

Loss Under Self-Insured Retention ProgramState Deferred Compensation Program

Statutes cited

2 Del. C. § 132329 Del.C. §2716(a)