NOTE: This question was originally submitted and answered in 2010 by Pat Gannon. In January 2013, Adam Wagner provided this updated answer:
Wave Transit’s operating budget for the fiscal year beginning July 1, 2013, is $7.96 million. Since the fiscal year beginning July 1, 2010, the budget has risen by about $700,000.
Several different sources fund Wave, including local governments, passenger fares and state and national transportation agencies. Passenger fares total $993,000, or about 12% of the funding, according to Wave’s budget.
The Federal Transit Administration is paying about $3.09 million, or about 38.8 percent of the budget. That’s up from about 33 percent in 2010-11.
The N.C. Department of Transportation is paying about $1 million. New Hanover County and agencies such as its Department of Aging and Department of Social Services pay $723,425 for Wave. The City of Wilmington contributes $1.285 million. UNCW pays $745,000 for the Seahawk Shuttle, while Brunswick County and the town of Leland are paying $91,875 for the Brunswick Connector.
Expected costs for FY 2014, according to Wave’s budget, include:
Fringe benefits: $1,203,566
Vehicle maintenance: $529,742
Professional services: $459,600
Tires and tubes: $150,000
Marketing and publishing: $43,400
Office supplies: $35,800
Shop supplies: $12,000
Taxis and licenses: $2,500
Date posted: January 2, 2014
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