A. HAMPTON ROADS TRANSPORTATION FUND: MONTHLY FINANCIAL REPORT

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1 ITEM #25: FOR YOUR INFORMATION A. HAMPTON ROADS TRANSPORTATION FUND: MONTHLY FINANCIAL REPORT The Virginia Department of Transportation (VDOT) provides the HRTPO with monthly financial reports relating to the HRTF including the following information: Revenue from sources as detailed by the collecting agency Interest earnings Expenditures reflecting both the program (HRTF) total as well as project totals The current cash position/balance in the HRTF as well as forecasted cash position/balance HRTPO Board Meeting January 21, 2016 Agenda

2 HAMPTON ROADS TRANSPORTATION FUND FINANCIAL REPORT FY2014 FY2016 VDOT provides the HRTPO and HRTAC staff with monthly financial reports relating to the HRTF including the following information: Revenue from sources as detailed by the collecting agency Interest earnings Expenditures reflecting both the program total as well as project totals The current cash position/balance in the HRTF as well as forecasted cash position/balance Attached are the November 2015 financial reports. Based on the financial reports received to date from VDOT, the HRTPO staff has analyzed the data and prepared the attached reports and summaries: Revenues Total Gross Revenues (as of November 30, 2015): $377,941,489 State Sales and Use Tax : $284,992,771 Local Fuels Tax : $91,345,447 Interest : $1,603,271 Expenditures Total Expenditures: $2,142,715 I-64 Peninsula Widening Segment 1: $1,544,502 Total Dept. of Tax Administrative Fees: $499,518 Total DMV Administrative Fees: $98,695 Cash Balance Ending Cash Balance: $375,798,774 Encumbered Balance Balance of Encumbered: $487,735,643 Allocation: $489,280,145 Less Construction Expenditures: $1,544,502 December 28, 2015

3 Hampton Roads Transportation Fund (HRTF) Total of Sales & Use and Fuels Taxes Summary Gross Revenue Expenditures Cummulative Balance Sales & Use Tax Fuel Tax Interest Total Construction Dept of Tax Admin Fee DMV Admin Fee Total 7/1/13-11/30/15 July November 2014 $ 159,812,477 $ 57,710,554 $ 648,276 $ 218,171,307 $ 1,519,960 $ 496,432 $ 98,695 $ 2,115,087 $ 216,056,220 December ,964,325 2,947,347-12,911,672 16,049 7,055-23, ,944,788 January ,849,200 3,561, ,282 15,802,361 23, , ,723,734 February ,667,143 2,657,036-11,324,180 (14,922) (3,969) - (18,891) 256,066,805 March ,463,030 2,347,171-10,810, ,877,006 April ,608,274 2,249, ,386 13,263, ,140,262 May ,889,809 2,287,393-13,177, ,317,464 June ,587,265 4,519, ,371 22,244, ,561,646 July ,412,902 1,513,488-5,926, ,488,035 August ,870,438 3,240,804-14,111, ,599,277 September ,921,675 3,103,960-14,025, ,624,910 October ,667,491 2,730,430 20,956 13,418, ,043,788 November ,278,741 2,476,244-12,754, ,798,774 Total 12 Months $ 125,180,294 $ 33,634,893 $ 954,995 $ 159,770,183 $ 24,542 $ 3,086 $ - $ 27, ,798,774 Grand Totals $ 284,992,771 $ 91,345,447 $ 1,603,271 $ 377,941,489 $ 1,544,502 $ 499,518 $ 98,695 $ 2,142,715 Less Balance of Encumbered $ (487,735,643) Total Net Available (111,936,869) Prepared by Hampton Roads Transportation Planning Organization on 12/28/2015

4 25,000,000 HRTF Revenue Sales & Use Tax Fuel Tax Interest Total 20,000,000 15,000,000 10,000,000 5,000,000 - December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015

5 Locality Table 1 - Total HRTF Revenues Hampton Roads Transportation Fund (HRTF) Total of Sales & Use and Fuels Taxes Fiscal Year 2016 Total FY2014 & FY 2015 Previous FY2016 November 2015 Total YTD FY2016 Chesapeake $ 57,563,089 $ 8,346,694 $ 2,344,003 $ 10,690,697 $ 68,253,786 Franklin 2,865, , , ,206 3,333,179 Hampton 23,542,897 3,345, ,888 4,320,594 27,863,491 Isle of Wight 5,282, , , ,517 6,186,770 James City 14,177,964 2,312, ,929 2,913,686 17,091,650 Newport News 33,547,498 4,930,163 1,382,530 6,312,693 39,860,190 Norfolk 43,822,384 6,428,492 1,767,043 8,195,535 52,017,919 Poquoson 850, ,456 32, ,330 1,002,831 Portsmouth 11,236,094 1,719, ,024 2,206,879 13,442,973 Southampton 1,597, ,399 60, ,975 1,880,547 Suffolk 14,942,594 2,150, ,227 2,772,261 17,714,855 Virginia Beach 85,034,171 13,480,912 3,314,573 16,795, ,829,656 Williamsburg 7,022,217 1,060, ,120 1,354,110 8,376,327 York 14,636,839 2,280, ,596 2,847,205 17,484,044 Total $ 316,122,046 $ 47,461,188 $ 12,754,986 $ 60,216,173 $ 376,338,218 Interest 1,582,315 20,956-20,956 1,603,271 Total Revenues $ 317,704,361 $ 47,482,144 $ 12,754,986 $ 60,237,129 $ 377,941,489 Construction (1,544,502) (1,544,502) Dept of Tax Admin Fees (499,518) (499,518) DMV Admin Fees (98,695) (98,695) Cash Balance $ 315,561,646 $ 47,482,144 $ 12,754,986 $ 60,237,129 $ 375,798,774 Total Less Balance of Encumbered (487,735,643) Net Available Cash $ (111,936,869) Forecast 331,869,992 36,408,737 13,921,472 65,000, ,870,616 Total Revenue - Forecast (under)/over (14,165,631) 11,073,407 (1,166,486) (4,763,495) (18,929,127) Source: VDOT report "Revenues By Locality" Prepared by Hampton Roads Transportation Planning Organization on 12/28/2015

6 Table 1A - State Sales & Use Tax Hampton Roads Transportation Fund (HRTF) State Sales & Use Tax Fiscal Year 2016 Locality Total FY2014 & FY 2015 Previous FY2016 November 2015 Total YTD FY2016 Total Chesapeake $ 42,602,215 $ 6,343,992 $ 1,869,248 $ 8,213,241 $ 50,815,456 Franklin 1,855, ,504 76, ,383 2,192,488 Hampton 17,539,754 2,530, ,204 3,312,671 20,852,425 Isle of Wight 2,663, , , ,096 3,178,072 James City 12,098,166 1,980, ,905 2,517,047 14,615,213 Newport News 25,985,257 3,848,619 1,133,540 4,982,159 30,967,416 Norfolk 35,121,631 5,194,974 1,491,742 6,686,717 41,808,348 Poquoson 558,003 82,923 25, , ,489 Portsmouth 7,793,823 1,211, ,638 1,558,414 9,352,237 Southampton 617,250 92,462 30, , ,471 Suffolk 9,516,894 1,468, ,606 1,918,070 11,434,964 Virginia Beach 65,279,448 10,832,387 2,711,962 13,544,350 78,823,798 Williamsburg 5,391, , ,011 1,113,786 6,505,408 York 10,818,381 1,769, ,004 2,221,607 13,039,988 Total $ 237,841,525 $ 36,872,506 $ 10,278,741 $ 47,151,247 $ 284,992,772 Updated Forecast 236,871,040 38,202,336 10,540,803 48,743, ,614,179 Diff(under)/over 970,485 (1,329,830) (262,062) (1,591,892) (621,407) Source: VDOT report "Revenues By Locality" Prepared by Hampton Roads Transportation Planning Organization on 12/28/2015

7 Table 1B - Local Fuels Tax Hampton Roads Transportation Fund (HRTF) Local Fuels Tax Fiscal Year 2016 Locality Total FY2014 & FY 2015 Previous FY2016 November 2015 Total YTD FY2016 Chesapeake $ 14,960,876 $ 2,002,702 $ 474,755 $ 2,477,456 $ 17,438,332 Franklin 1,010, ,108 23, ,822 1,140,690 Hampton 6,003, , ,685 1,007,924 7,011,069 Isle of Wight 2,618, ,089 89, ,420 3,008,695 James City 2,079, ,616 64, ,639 2,476,437 Newport News 7,562,240 1,081, ,989 1,330,533 8,892,773 Norfolk 8,700,754 1,233, ,300 1,508,819 10,209,573 Poquoson 292,497 36,534 7,311 43, ,342 Portsmouth 3,442, , , ,464 4,090,736 Southampton 980, ,936 29, ,754 1,140,075 Suffolk 5,425, , , ,191 6,279,890 Virginia Beach 19,754,723 2,648, ,611 3,251,135 23,005,858 Williamsburg 1,630, ,215 40, ,324 1,870,919 York 3,818, , , ,599 4,444,057 Total 78,280,521 $ 10,588,682 $ 2,476,244 $ 13,064,926 $ 91,345,447 Total Updated Forecast 94,200,002 12,843,092 3,380,669 16,223, ,423,763 Diff(under)/over (15,919,481) (2,254,410) (904,425) (3,158,835) (19,078,316) Source: VDOT report "Revenues By Locality" Prepared by Hampton Roads Transportation Planning Organization on 12/28/2015

8 Table 2A - Dept of Tax Administrative Fee Hampton Roads Transportation Fund (HRTF) Administrative Fee Fiscal Year 2016 Locality Total FY2014 & FY 2015 Previous FY2016 November 2015 Total YTD FY2016 Chesapeake $ 88,870 $ - $ - $ - $ 88,870 Franklin 3, ,817 Hampton 36, ,711 Isle of Wight 5, ,729 James City 27, ,205 Newport News 54, ,648 Norfolk 74, ,054 Poquoson 1, ,120 Portsmouth 15, ,747 Southampton 1, ,366 Suffolk 19, ,302 Virginia Beach 136, ,884 Williamsburg 11, ,448 York 22, ,617 Total $ 499,518 $ - $ - $ - $ 499,518 Total % of Sales & Use Tax Revenue 0.21% 0.00% 0.00% 0.00% 0.18% Source: VDOT report "Regional Portion of Sales Tax" Prepared by Hampton Roads Transportation Planning Organization on 12/28/2015

9 Table 2B - DMV Administrative Fee Hampton Roads Transportation Fund (HRTF) Administrative Fee Fiscal Year 2016 Locality Total FY2014 & FY 2015 Previous FY2016 November 2015 Total YTD FY2016 Chesapeake 18,260 $ - $ - $ - $ 18,260 Franklin 1, ,255 Hampton 7, ,781 Isle of Wight 3, ,305 James City 2, ,869 Newport News 9, ,844 Norfolk 10, ,866 Poquoson Portsmouth 4, ,957 Southampton 1, ,212 Suffolk 7, ,249 Virginia Beach 24, ,312 Williamsburg 1, ,616 York 4, ,895 Total 98,695 $ - $ - $ - $ 98,695 Total % of Fuel Tax Revenues 0.13% 0.00% 0.00% 0.00% 0.11% Source: VDOT report "Regional Portion of Sales Tax" Prepared by Hampton Roads Transportation Planning Organization on 12/28/2015

10 Table 3 - Allocations Hampton Roads Transportation Fund (HRTF) Allocations Fiscal Year 2016 Project Total FY2014 & FY 2015 Previous FY2016 November 2015 Total YTD FY2016 Total I-64 Peninsula Widening - UPC (Segment 1) -Construction $ 44,000,000 $ - $ - $ - $ 44,000,000 - UPC (Segment 2) - PE & Construction 6,000, ,592, ,592, ,592,853 I-64/264 Interchange Improvement - UPC PE/ROW 54,592, ,592,576 - UPC PE/ROW 15,071, ,071,063 Third Crossing - UPC SEIS 5,000, ,000,000 I-64 Southside/High-Rise Bridge - UPC PE 20,000, ,000,000 Total $ 144,663,639 $ 207,592,853 $ - $ 207,592,853 $ 352,256,492 Allocations at December 2015 Meeting I-64/I-264 Interchange Improvements Project - UPC Construction of Phase I 137,023,653 Total of All Allocations $ 489,280,145 Prepared by Hampton Roads Transportation Planning Organization on 12/28/2015

11 Table 4 - Expenditures Hampton Roads Transportation Fund (HRTF) Expenditures Fiscal Year 2016 Project Total FY2014 & FY 2015 Previous FY2016 November 2015 Total YTD FY2016 Total I-64 Peninsula Widening - UPC (Segment 1) -Construction $ 1,544,502 $ - - $ 1,544, Total $ 1,544,502 $ - $ - $ - $ 1,544,502 Source: VDOT report "All Project Costs" Prepared by Hampton Roads Transportation Planning Organization on 12/28/2015

12 B. FY TIP: QUARTERLY SNAPSHOT HRTPO staff updates phase cost estimates, expenditures, and schedule information on Transportation Improvement Program (TIP) projects on a quarterly basis. In addition, staff identifies CMAQ and RSTP projects for which the data indicate progress has stalled. Attachment 25-B HRTPO Board Meeting January 21, 2016 Agenda

13 Quarterly Snapshot #12: July September 2015 Project Highlight: Quick Stats $296.3M expended on 106 projects: 63 projects with PE expenditures 5 projects with RW expenditures 38 projects with CN expenditures Seven (7) CMAQ/RSTP projects were flagged for having no expenditures in the past two quarters. Expenditures During the past quarter, over $296 million dollars was spent on 106 projects in Hampton Roads. There were 14 major projects across the region with expenditures in excess of $3 million. A total of nearly $200 million was spent on these 4 major projects: Route 460 PPTA Construction (UPC #103803) Project Contribution for DT/MT/MLK - Primary (UPC #101851) I-264 Pavement Rehabilitation (UPC #104331) Midtown Tunnel Debt Service Primary (UPC #103036) HRT Systemwide Bus Stop Sign Program The Hampton Roads Transit Bus Stop Sign Replacement Project (UPC #T9091) began on the Peninsula in FY 2013 with the installation of new signage in Newport News and Hampton. Replacement of the old signs on Southside routes began later that year and was completed in late In total, all of HRT s approximately 3,400 signs were replaced. The new signs provide significantly more information than the old signs, including: Additional route information (route numbers and names), Days and hours of operation, Bus stop identification numbers, and All routes that service a particular stop. The new lollipop design is distinctive, easily seen at night, features the new Hampton Roads Transit logo, and stands out among other signage along the roadway. The $2.1 million project was funded by Regional Surface Transportation Program (RSTP) funds. Example of the new HRT Signs. RW $20,114,891 Example of the old HRT Signs. Tracking CMAQ & RSTP Projects PE $123,957,712 CN $152,263,313 HRTPO staff identified 7 projects with CMAQ and/or RSTP allocations through FY 2016 that had no expenditures since July Out of the 7 projects: 4 projects are completed/cancelled awaiting financial close and 3 are active projects with delayed or unknown status. HRTPO staff will work with locality/agency staff to advance projects on the list. Click here for the full presentation of quarterly snapshot results. For more information on the HRTPO TIP visit: Attachment 25-B

14 INVE$TING YOUR DOLLAR$ IN TRAN$PORTATION What is the Transportation Improvement Program (TIP)? The HRTPO TIP is a four-year program for the implementation of surface transportation projects in Hampton Roads. These projects include transit, highway, rail, bicycle, pedestrian, and freight-related projects. Before any federally-funded and/or regionally-significant project can be built in Hampton Roads, it must be approved by the HRTPO Board and included in the TIP. How is the TIP created? What is the Hampton Roads Transportation Planning Organization? The Hampton Roads Transportation Planning Organization (HRTPO) is a federally mandated transportation policy board comprised of representatives from local, state, and federal governments, transit agencies, and other stakeholders. Responsible for transportation planning and programming for the Hampton Roads area, one of the core functions of the HRTPO is the development and maintenance of the Transportation Improvement Program (TIP). The TIP is developed by the HRTPO in cooperation with the Virginia Department of Transportation, the Virginia Department of Rail and Public Transportation, and local public transit agencies. In addition, the public is provided opportunities to review and comment at various stages during the development of the TIP. Once the TIP has been approved by the HRTPO Board and the Governor, it is incorporated into the statewide TIP, which is submitted to the Federal Highway Administration and the Federal Transit Administration for approval. How are projects in the TIP funded? Projects in the TIP may be funded by federal, state, local or private funds, or any combination of such funds. For a listing of the current funding sources, see Section III, page 4 of the TIP Document. Can the TIP be changed? Yes, changes are routinely made to the TIP by way of amendments or administrative modifications. The TIP may be amended in order to add, change, or delete projects. TIP amendments must be approved by the HRTPO Board. The TIP amendment process also includes opportunities for public review and comment. By signing up for the HRTPO E-Newsletter, you can ensure that you will be notified of opportunities to comment on TIP amendments. Proposed TIP amendments are also posted on the HRTPO website under Public Notices. Administrative modifications involve minor changes to projects that do not involve Board approval or public review. Why is the TIP important to me? There is never enough funding available to make all of the transportation improvements desired, and since the vast majority of transportation funding comes from federal and state taxes, it is important that the public have a say in how and where transportation dollars are spent. The TIP provides that information for each project, including cost estimates, schedules, funding allocations, and expenditures. The TIP website ( also includes an interactive mapping tool that allows the user to access project information by location. Attachment 25-B

15 C. HRTPO FY-2015 ANNUAL OBLIGATION REPORT In accordance with federal regulations, within 90 calendar days following the end of the federal fiscal year (the federal fiscal year runs from October 1 through September 30), the state, public transportation operators, and the MPO shall cooperatively develop a listing of projects for which federal funds were obligated during that federal fiscal year. The listing, referred to as an Annual Obligation Report (AOR), shall be published or otherwise made available in accordance with the MPO s public participation criteria for the TIP. The FY 2015 AOR was posted on the HRTPO website on December 18, The AOR may be accessed at: HRTPO Board Meeting January 21, 2016 Agenda

16 D. HB2 PROJECTS UPDATE During its Workshop on December 8, 2015, the Commonwealth Transportation Board (CTB) received an HB2 Update from the Office of the Secretary of Transportation. The update provided the results of the HB2 project validation and screening process. Of a total of 321 applications received, 33 applications were screened-out for the following reasons: Application withdrawn (1 project) Does not meet VTrans need (9 projects) Project ineligible Insufficient project development (11 projects) Project ineligible Not a capital improvement, TDM or safety project (6 projects) Project ineligible Study (5 projects) Project ineligible Technical reason (1 project) VDOT and DRPT will work with applicants whose applications were screened out to further develop projects so they may be re-submitted for the next round of HB2 or to identify more appropriate funding sources for the affected projects. The scores for the 288 validated projects will be released in January For the full presentation, go to: For the complete list of Screened-In applications, go to: For the complete list of Screened-Out applications, go to: HRTPO Board Meeting January 21, 2016 Agenda

17 E. HRTPO AND HRPDC 2016 LEGISLATIVE PRIORITIES Attached are the HRTPO and HRPDC 2016 Legislative Priorities as approved by the HRTPO Board and the HRPDC at their respective meetings on November 19, HRTPO Board Meeting January 21, 2016 Agenda

18 2016 Legislative Priorities Passenger Rail The HRTPO supports: The pursuit of federal/state funding to complete a Tier II EIS for higher-speed passenger rail between Hampton Roads and Richmond. The pursuit of funding for Trains 2 and 3 to Norfolk. Highway Funding The HRTPO Supports: The pursuit of federal/state funding for the widening of I-64 between Hampton Roads and Richmond. The Amendment of HB1402 (Highway maintenance payments to Richmond for moving-lanes converted to bicycle lanes) to include any local government. Hampton Roads Transportation Accountability Commission (HRTAC) The HRTPO supports HRTAC efforts to revise its enabling legislation to improve both operational and governance efficiencies. Commonwealth Transportation Board (CTB) The HRTPO supports increased representation on the CTB for the Hampton Roads Region. Marketplace Fairness Act The HRTPO supports Congressional approval for the Marketplace Fairness Act (MFA). Bonus Funding The HRTPO supports Congressional recognition of regions that increase local taxes to bridge the gap between federal transportation funding and regional transportation needs by providing bonus funding to these metropolitan regions. Robert Crum, Executive Director, HRPDC/HRTPO The Regional Building, 723 Woodlake Dr. Chesapeake, VA rcrum@hrtpo.org Attachment 25-E

19 2016 Legislative Priorities K-12 Education The HRPDC overwhelmingly supports increased state funding for K-12 public education. The Economy The HRPDC supports GO Virginia and opportunities to diversify and strengthen our regional economy by providing incentives for regional cooperation and collaboration between government, businesses and educational institutions. The Environment The HRPDC supports: Increased cost-share funding for Agriculture Best Management Practices. Increases to the Stormwater Local Assistance Fund in the amount of $50M/ Year. Funding to complete needed wastewater treatment plant upgrades. Funding mechanisms to update land cover mapping every 3 years. Joint Subcommittee on Recurrent Flooding The HRPDC supports several recommendations from the Joint Subcommittee on Recurrent Flooding, most notably the continuation of the subcommitee s work and establishing a State Resiliency Officer. State Code Amendment The HRPDC supports our local governments efforts to prohibit wakes on flooded streets to protect property. Housing The HRPDC supports continued appropriations to the Virginia Housing Trust Fund. Robert Crum, Executive Director, HRPDC/HRTPO The Regional Building, 723 Woodlake Dr. Chesapeake, VA rcrum@hrpdcva.gov Attachment 25-E

20 F. FIXING AMERICA S SURFACE TRANSPORTATION (FAST) ACT On December 4, 2015, President Obama signed into law the Fixing America s Surface Transportation (FAST) Act, the first federal law in over 10 years to provide long-term funding certainty for surface transportation. The FAST Act authorizes $305 billion over five years (fiscal years ) for highway, public transportation, rail, research, technology, and safety programs. For more information on the Fast Act, visit the U.S. Department of Transportation webpage at: and the Federal Highway Administration webpage at: HRTPO Board Meeting January 21, 2016 Agenda