San Francisco — The San Francisco County Transportation Authority held $64.6 million in cash on hand as of June 30, 2025, Cynthia Fong, deputy director for finance and administration, reported to the board Sept. 30. Fong said 61.8% of that cash was invested in the City and County Treasury Pool and that the authority’s revolving credit agreement with U.S. Bank remains in its first year. She said the board has previously authorized drawing up to $65 million under that agreement and the authority used drawdowns last fiscal year to fund SFMTA light-rail vehicles.
Fong also reported that fiscal-year 2024–25 sales tax revenue collections totaled $110.1 million, exceeding the budget by 1.7%. She said the cash on hand together with the revolving credit facility provides sufficient liquidity for expenditures over the next six months while the agency completes year-end closing and audited financial statements. The presentation was informational; the board did not take action on finance items at the meeting.
Discussion vs. decision: The item was a routine investment and debt compliance update presented for information. Fong noted timely payments on the 2017 sales tax revenue bond and ongoing coordination with auditors as the agency completes its year-end close.
Context: Fong and the chair congratulated the finance team on an award for excellence in financial reporting; the board moved on to other agenda items after the report.