Effective July 1, 2024, Ch. 2024-57, amends section 341.071, Florida Statutes, Transit productivity and performance measures; reports, by adding subsection (4). This new provision requires public transit providers to disclose certain information and documentation relating to its budgeted and general administrative costs. Beginning November 1, 2024, and every year thereafter, public transit agencies are required to report certain transit productivity and performance measures pursuant to Section 341.071(4)(b) and (d), Florida Statutes. Public transit providers receiving Florida Department of Transportation (FDOT) transit block grant funding are required to report the following:
Salary & Benefits | Chief Executive Officer | EVP - Chief Administrative Officer | SVP - Chief Infrastructure & Development Officer | SVP - Chief Operating Officer | SVP - Chief Financial Officer |
Annualized Salary | $475,904.11 | $290,769.44 | $255,000.00 | $255,000.00 | $255,000.00 |
Annual Performance Bonus / Performance Evaluation | (eligible up to 20% annually) | (eligible up to 5% annually) | (eligible up to 5% annually) | (eligible up to 5% annually) | (eligible up to 5% annually) |
Other (Vehicle Allowance) | $12,000.00 | $12,000.00 | $12,000.00 | - | $12,000.00 |
TOTAL COMPENSATION | $487,904.11 | $302,769.44 | $267,000.00 | $255,000.00 | $267,000.00 |