Financial Transparency
The Hidalgo County Regional Mobility Authority is committed to financial transparency. In efforts to increase the level of transparency, it has centralized financial data and other relevant information to facilitate accessibility.
Reporting Entity
The Hidalgo County Regional Mobility Authority is an independent governmental agency created in November 2005 pursuant with Chapter 370 of the Transportation Code. The Authority is governed by a seven-member Board of Directors (the Board) appointed by the Governor of the State of Texas and the Hidalgo County Commissioners’ Court. The Board is responsible for setting policies, identifying priorities, and ensuring the Authority is operated effectively. Board members, appointed to serve two-year terms, are volunteers and are not compensated for their service.
Mission Statement
The Authority's mission is to develop a publicly owned transportation system that creates jobs through increased mobility and access, is locally funded for reliable delivery, pays for itself in terms of future maintenance and funds new projects to meet the future transportation needs of Hidalgo County.
Financial Summary
The following summarized financial information is for the most recently completed calendar year 2022. Revenues are recognized when earned and expenses are recognized at the time the liability is incurred.
The Authority does not collect property taxes nor sales taxes. Operating revenues consist mainly of vehicle registration fees (VRF) and truck overweight permits. The Hidalgo County monthly collects and remits the proceeds (VRF) to the Authority’s trustee bank. The trustee bank distributes the monthly proceeds as follows: First to debt service requirements of the Authority and second residual amount is transfer to the Authority’s depositary bank for operational expenses of the Authority. The per capita numbers are based on the estimated population of Hidalgo County.
The Authority’s 2022 personnel consist of twelve full time employees and two part-time employees.
The data for the five-year per capita graph is outline below:
✔ Total Revenues for 2018--$7.9M; 2019--$7.6M; 2020--$7.5M; 2021--$8.1M; and 2022--$53.7M.
✔ Total Expenses for 2018--$4.6M; 2019--$6.4M; 2020--$5.2M; 2021--$6.0M; and 2022--$17.6M.
✔ Per Capita for 2018--862,298; 2019--868,707; 2020--875,116; 2021--881,525 and 2022--888,367.
Source of Revenues
✔ Vehicle registration fees, which averages between $5.5M-$6M per year, is the primary source of revenues for the Authority. A $10 fee per vehicle is collected by the Hidalgo County. The County transfers monthly the collections to the Authority’s trustee bank. The trustee bank keeps about 66% for the yearly debt service requirement and deposits the rest in the Authority’s bank depository for the administration expenses of the Authority.
✔ Overweight permits are currently assessed to trucks, which travel in certain roads of the County. The cost of the permit is $200 and the administration is handle by a third-party administrator. The distribution of the fee is as follows: $170 is remitted to the Texas Department of Transportation; $27 is remitted to the Authority; and $3 is kept by the third-party administrator. The Authority estimates an annual $1M in revenues.
✔ Federal and State Grants are mainly for road construction projects.
The Authority is presently in the process of seeking funding to continue the next phases of road constructions. The goal is to attain a toll road project that will expediate the traffic flow of commercial trucks and vehicles.
Visualization
Financial Data
✔ Annual Operating & Capital Budgets – An annual financial plan of its revenues and expenses for the calendar year.
✔ Annual Financial Statements & Independent Auditor’s Report – Annual Financial Statements in conformity with Generally Accepted Accounting Principles (GAAP) and audited in accordance with a Generally Accepted Auditing Standards (GAAS) by a licensed public Accountant.
✔ Unaudited Financial Statements – Monthly financial statements that have not been audited by a licensed Public Accountant.
✔ Check Registers – Display all payments made during a specified time period to include payments made by checks, ACH, or wire transfer.
Additional Resources
✔ Open Records Requests
✔ Board Members
Contact Information
203 W. Newcombe Ave
Pharr, Texas 78577 (Map)
| Administration Phone: 956.402.4762 Fax: 956.468.2176 contact@hcrma.net |
Construction Division Phone: 956.402.4763 contact@hcrma.net |