Suburban Service and Regional ADA Budget Results January 2019

Transcription

1 and Regional Results January 2019 Department of Internal Services Issued March 2019

2 Performance At-A-Glance January 2019 (Millions) $25 $20 $17 $15 $10 $5 $0 ($5) Generated Public Expenses Net Results results reflect a negative variance of $0.3 million for January Service (Millions) $25 $20 $15 $10 $5 $0 Generated Revenue Public Expenses Net Results Service results reflect a positive variance of $1.4 million for January 2019.

3 Performance At-A-Glance January 2019 (Unfavorable)/Favorable Regional (Unfavorable)/Favorable (Millions) (Millions) Revenue $0.217 million Performance is a result of a shortfall in farebox revenue. $0.017 million Revenue is 1.5% above budget for January. Expenses $2.238 million Expenses are favorable to budget by 11.7% due to favorable variances in most categories. $0.857 million expenses are 5.7% favorable to budget due to underruns in purchased transportation expense. Required $2.021 million Positive expense results have offset the shortfall in revenue for January. $0874 million requirement is below budget due to favorable revenue and expense results. Public $0.041 million Public funding revenues are slightly below budget. public funding is at budget for January

4 Review revenues are 4.8% below budget for Jaunuary A shortfall in Farebox revenue is likely due to inclement weather which effected ridership. expenses are $2.238 million or 11.7% below budget for January. Favorable variances were noted for most line items, with the most significant savings in Administration. Fuel expenses are favorable to budget by $148,226. The average price for diesel for January is $1.66/gallon, $0.64 below the budgeted price of $2.30/gallon. The funding requirement is $2.021 million below budget due to the favorable expense results. Public funding revenues are essentially at budget for January. The recovery ratio is at 31.26% YTD compared to the phased rate of 28.84% for January. Detailed Results (YTD Ending January 2019) Variance % of Remaining REVENUE Farebox $ 2,691,658 $ 2,887,195 $ (195,537) 92.91% Half Fare Reimbursement 217, , % Advertising Revenue 236, ,333 (16,666) 92.21% Other 1,191,376 1,196,241 (4,865) 92.13% Suburban Revenue $ 4,337,201 $ 4,554,249 $ (217,048) 92.61% EXPENSES Fox Valley $ 466,781 $ 469,100 $ 2, % Heritage 475, ,294 4, % North 432, ,516 68, % North Shore 409, ,603 12, % North West 1,488,402 1,429,430 (58,972) 91.54% River* 505, ,773 67, % South 1,296,630 1,420, , % Southwest 704, ,223 14, % West 1,788,693 1,915, , % Pace Operating Divisions $ 7,569,100 $ 7,931,126 $ 362, % Highland Park 81,127 92,026 10, % Niles 111, ,066 18, % Schaumburg Trolley 25,346 37,169 11, % Public Contract Carriers $ 217,975 $ 259,261 $ 41, % Other Expenses Private Contract Carriers $ 623,170 $ 663,075 $ 39, % Dial A Ride Services 1,514,954 1,504,995 (9,959) 91.61% Van Pool Program 128, ,868 66, % CMAQ/JARC/ICE 367, ,400 84, % Administration 2,282,079 3,079, , % Centralized Support 1,351,005 1,763, , % Fuel 872,409 1,020, , % Insurance 494, , , % Health Care 2,144,327 2,174,339 30, % Indirect Overhead Allocation (622,040) (757,101) (135,061) 93.15% Suburban Expenses $ 16,944,000 $ 19,181,756 $ 2,237, % FUNDING REQUIREMENT $ 12,606,799 $ 14,627,507 $ 2,020, % FUNDING RTA $ 11,943,490 $ 11,943,490 $ % Other Public 339, ,067 (40,621) 94.87% Application of Pace Funds % $ 12,282,936 $ 12,323,557 $ (40,621) 93.07% Net Results $ (323,863) $ (2,303,950) $ 1,980,087 Recovery Ratio w/credits Applied 31.26% 28.84% *River results include the East Dundee Outstation. 1

5 Recovery Rate Indicators % 30% 30.30% 31.26% % The recovery rate is slightly above the budgeted recovery ratio for January % 10% 0% PY CY Cost Per Mile $6.00 $5.00 $4.59 $ The cost per mile is up 3.4% compared to prior year levels. Expenses are down 1.2% while total mileage is down 4.6% over prior year levels. $4.00 $3.00 $2.00 $1.00 $0.00 YTD Cost Per $9.00 $8.00 $7.28 $7.00 $6.00 $5.00 $5.35 $4.00 YTD $8.20 $6.10 Cost/ Subsidy/ The YTD total cost per passenger is up 12.7% compared to January Expenses are down 1.3% while ridership is down 12.4%. Compared to prior year levels, the average revenue per passenger is up 17 cents and the subsidy per passenger is up 75 cents or 14.0%. $3.00 $2.00 $1.00 $0.00 $1.93 $ Revenue/ 2

6 Regional Review Regional revenue was 1.5% above budget for January. Regional Detailed Results (YTD Ending January 2019) REVENUE Suburban City Regional Regional Variance Farebox $ 227,423 $ 778,377 $ 1,005,800 $ 989,385 $ 16,415 expenses are 5.7% under budget for January. The favorable variance is due to savings in the Purchased Transportation and Administration expense categories. Other 66, , , , Revenue $ 293,423 $ 887,070 $ 1,180,493 $ 1,163,384 $ 17,109 EXPENSES Purchased Transportation $ 2,131,371 $ 10,698,059 $ 12,829,430 $ 13,233,044 $ 403,614 Fuel 206, , ,174 17,149 Administration 42, , , , ,093 Insurance (58,347) 68,332 9, ,181 93,196 RTA Certification 55,000 74, , ,779 15,779 Indirect Overhead Allocation , , ,061 The total Regional funding requirement was $874,000 lower than budget for January. Regional recovery performance is 14.46%, 4.2% above the budgeted rate of 10.26%. The recovery ratio calculation includes credits authorized by the RTA. Expenses $ 2,376,427 $ 11,241,616 $ 14,240,083 $ 15,096,974 $ 856,891 Requirement $ 2,083,004 $ 10,354,546 $ 13,059,590 $ 13,933,590 $ 874,000 FUNDING Regional Paratransit $ $ $ 13,719,213 $ 13,719,213 $ 0 State $ $ $ 699,583 $ 699,583 $ 0 $ $ $ 14,418,796 $ 14,418,796 $ 0 Surplus/(Shortfall) $ $ $ 1,359,206 $ 485,206 $ 874,000 Recovery Ratio w/credits 14.46% 10.26% The Regional total system revenue is above budgeted levels by $17,109 or 1.5% for January. The variance is attributed to an increase in farebox revenues. operating expenses are $856,891 or 5.7% under budget for January. The under budget results can be attributed primarily to the Purchased Transportation and Administration categories. The total funding requirement is $0.874 million lower than budget due to expense savings. 3

7 Regional Recovery Ratio Regional Indicators 20% % 10% 10.00% 14.46% 10.00% The Regional recovery rate is slightly above the budgeted recovery ratio for January % 0% YTD YTD Regional Ridership (Thousands) Regional Regional ridership is 12.9% below budget for January 2019 and is down 13.0% from January 2018, due to the impact of inclement weather City Suburban Ridership excludes Personal Care Attendants (PCAs). Regional Performance Per $60.00 $54.93 $53.14 $50.00 $49.06 Cost/ The cost per passenger is $4.08 above budgeted levels for January due to reduced ridership during inclement weather. $40.00 $30.00 $37.52 $50.60 $48.74 $45.28 Subsidy/ Revenue per rider is above budget by 63 cents, while the total subsidy per passenger is $3.46 over budget. $20.00 $32.89 $10.00 $0.00 $4.63 $4.33 $4.41 $3.78 Suburban City Regional Ridership excludes Personal Care Attendants (PCAs). Rev/ 4

8 Results by Program (YTD Ending January 2019) Pace Operating Divisions Public Carriers Private Carriers Dial a Ride Services Vanpool/ CMAQ/JARC Administration Central Support Suburban Srv Suburban Srv Suburban Srv Variance REVENUE Farebox $ 2,210,545 $ 28,706 $ 77,928 $ 151,504 $ 222,975 $ 0 $ 0 $ 2,691,658 $ 2,887,195 $ (195,537) Half-Fare Reimbursement , , , Advertising Revenue , , ,333 (16,666) Other 170,225 52,249 57, , , ,191,376 1,196,241 (4,865) Revenue $ 2,380,770 $ 80,954 $ 135,514 $ 915,437 $ 222,975 $ 601,550 $ 0 $ 4,337,201 $ 4,554,249 $ (217,048) EXPENSES Operations Labor/Fringes $ 5,939,220 $ 123,338 $ 0 $ 0 $ 367,489 $ 0 $ 313,363 $ 6,743,410 $ 7,003,784 $ 260,374 Parts/Supplies (138) , , ,339 26,070 Purchased Transportation 0 25, ,170 1,225, ,874,206 1,870,300 (3,906) Fuel , ,409 1,020, ,226 Other 3, , , , , ,813 Sub- $ 5,942,762 $ 150,248 $ 623,170 $ 1,454,884 $ 496,424 $ 0 $ 1,332,525 $ 10,000,013 $ 10,541,590 $ 541,577 Vehicle Maintenance Labor/Fringes $ 717,463 $ 33,762 $ 0 $ 0 $ 0 $ 0 $ 358,572 $ 1,109,798 $ 1,355,155 $ 245,357 Parts/Supplies 218,607 2, , , ,874 (112,175) Other 2,071 4, , , ,924 74,143 Sub- $ 938,142 $ 40,046 $ 0 $ 21,556 $ 0 $ 0 $ 418,884 $ 1,418,627 $ 1,625,953 $ 207,326 Non-Vehicle Maintenance Labor/Fringes $ 69,644 $ 0 $ 0 $ 0 $ 0 $ 0 $ 101,068 $ 170,713 $ 198,808 $ 28,095 Parts/Supplies 27, ,725 44,213 16,488 Other 33, , ,105 75, , ,291 Sub- $ 130,450 $ 0 $ 0 $ 1,040 $ 0 $ 57 $ 142,173 $ 273,720 $ 454,594 $ 180,874 General Administration Labor/Fringes $ 287,520 $ 27,601 $ 0 $ 0 $ 0 $ 1,754,361 $ 0 $ 2,069,482 $ 2,236,065 $ 166,583 Parts/Supplies 3, , ,586 24,275 14,689 Utilities 252, ,001 36, , ,743 (30,529) Health Insurance ,144,327 2,144,327 2,174,339 30,012 Liability Insurance , , , ,827 Other 14, , , , ,415 1,696, ,459 Indirect Overhead Allocation (622,040) (757,101) (135,061) Sub- $ 557,747 $ 27,681 $ 0 $ 37,474 $ 0 $ 2,282,022 $ 2,968,755 $ 5,251,639 $ 6,559,619 $ 1,307,980 Expenses $ 7,569,100 $ 217,975 $ 623,170 $ 1,514,954 $ 496,424 $ 2,282,079 $ 4,862,338 $ 16,944,000 $ 19,181,756 $ 2,237,756 Requirement $ 5,188,330 $ 137,020 $ 487,657 $ 599,516 $ 273,449 $ 1,680,529 $ 4,862,338 $ 12,606,799 $ 14,627,507 $ 2,020,708 RTA $ 11,943,490 $ 11,943,490 $ 0 Other Public $ 339,446 $ 380,067 $ (40,621) State $ 0 $ 0 $ 0 Transfer Capital $ 0 $ 0 $ 0 $ 12,282,936 $ 12,323,557 $ (40,621) Surplus/(Shortfall) $ (323,863) $ (2,303,950) $ 1,980,087 Recovery Ratio 31.45% 37.14% 21.75% 60.43% 44.92% 26.36% 31.26% 28.84% 5

9 Results by Program (YTD Ending January 2019) Suburban Chicago REVENUE Farebox $ 227,423 $ 778,377 $ 1,005,800 $ 989,385 $ 16,415 $ 3,697,458 $ 3,876,580 $ (179,122) Half-Fare Reimbursement , , Advertising Revenue , ,333 (16,666) Other 66, , , , ,366,069 1,370,240 (4,171) Revenue $ 293,423 $ 887,070 $ 1,180,493 $ 1,163,384 $ 17,109 $ 5,517,694 $ 5,717,633 $ (199,939) EXPENSES Operations Labor/Fringes $ 0 $ 0 $ 0 $ 0 $ 0 $ 6,743,410 $ 7,003,784 $ 260,374 Parts/Supplies , ,339 26,070 Purchased Transportation 2,131,371 10,698,059 12,829,430 13,233, ,614 14,703,637 15,103, ,707 Fuel 206, , ,174 17,149 1,078,435 1,243, ,374 Other , , ,813 Sub- $ 2,337,397 $ 10,698,059 $ 13,035,456 $ 13,456,218 $ 420,762 $ 23,035,469 $ 23,997,808 $ 962,339 Vehicle Maintenance Labor/Fringes $ 0 $ 0 $ 0 $ 0 $ 0 $ 1,109,798 $ 1,355,155 $ 245,357 Parts/Supplies , ,874 (112,175) Other , ,924 74,143 Sub- $ 0 $ 0 $ 0 $ 0 $ 0 $ 1,418,627 $ 1,625,953 $ 207,326 Non-Vehicle Maintenance Labor/Fringes $ 0 $ 0 $ 0 $ 0 $ 0 $ 170,713 $ 198,808 $ 28,095 Parts/Supplies ,725 44,213 16,488 Other , , ,291 Sub- $ 0 $ 0 $ 0 $ 0 $ 0 $ 273,720 $ 454,594 $ 180,874 General Administration Labor/Fringes $ 39,301 $ 273,404 $ 312,705 $ 354,270 $ 41,565 $ 2,382,187 $ 2,590,335 $ 208,148 Parts/Supplies ,610 24,771 15,161 Utilities 0 4,790 4,790 3,497 (1,293) 326, ,240 (31,822) Health Insurance 7,579 45,794 53,373 74,060 20,687 2,197,700 2,248,399 50,699 Liability Insurance (65,926) 22,539 (43,388) 29,121 72, , , ,335 Other 58, , , , ,129 1,089,497 2,119,085 1,029,588 Indirect Overhead Allocation , , , Sub- $ 39,030 $ 543,557 $ 1,204,627 $ 1,640,756 $ 436,129 $ 6,456,267 $ 8,200,375 $ 1,744,109 Expenses $ 2,376,427 $ 11,241,616 $ 14,240,083 $ 15,096,974 $ 856,891 $ 31,184,084 $ 34,278,730 $ 3,094,647 Requirement $ 2,083,003 $ 10,354,547 $ 13,059,590 $ 13,933,590 $ 874,000 $ 25,666,390 $ 28,561,097 $ 2,894,707 RTA $ 13,719,213 $ 13,719,213 $ 0 $ 25,662,703 $ 25,662,703 $ 0 Other Public $ 0 $ 0 $ 0 $ 339,446 $ 380,067 $ (40,621) State $ 699,583 $ 699,583 $ 0 $ 699,583 $ 699,583 $ 0 Transfer Capital $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 14,418,796 $ 14,418,796 $ 0 $ 26,701,732 $ 26,742,353 $ (40,621) Surplus/(Shortfall) $ 1,359,206 $ 485,206 $ 874,000 $ 1,035,342 $ (1,818,744) $ 2,854,086 Recovery Ratio 14.46% 10.26% Variance Combined Combined Combined Variance 6