ACTA Meeting of the Governing Board April 12, 2018

Transcription

1 ACTA Meeting of the Governing Board April 12, 2018 Alameda Corridor Transportation Authority

2 Item 5 Maintenance RFP

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4 Item 6 BBII 7 th Amendment

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6 Item 7 Dispatching Amendment

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8 Item 8 Police & Security Amendment

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10 Item 9 FY2019 Preliminary Budget

11 Budget Assumptions Projected revenues based on: 2.5% CPI fee increase Reduction in historical ratios for loads/empties and import/export reflecting recent diversion of discretionary TEUs Compensation adjustment (3.0%) CPI and merit included ACTA staffing level remains consistent with April 2013 downsizing 9 full-time, 1 part-time ACET staffing provided to meet needs of operations and field support 6 full-time, 1 part-time; plus miscellaneous specialty support as needed

12 Budget Assumptions Core ACTA functions include corridor maintenance, revenue collection, payment of obligations, and servicing of debt New professional service contracts result from recent RFPs and pending RFPs may result in new providers and minor budget changes scope of professional service contracts has not changed or grown. M&O budget figures based upon 2018 calendar year budget approved through the Notice of Mutual Agreement process in December 2017

13 San Pedro Bay Port TEUs Compared to ACTA Revenue 1,600,000 ACTA Revenue & San Pedro Ports TEUs 1,400,000 SBP Total TEUs TEUs & Revenue $(x10) 1,200,000 1,000, , , , ,000 0 ACTA Rev $ (x10) Months

14 Operating Budget Summary Revenue (x1000) FY 2019 FY 2018 FY 2018 Budget Estimated Actual Budget San Pedro Bay TEUs 17,536 17,108 16,166 ACTA TEUs 4,913 4,831 4,392 Operating Revenue Use Fees and Container Charges $ 112,204 $ 107,337 $ 105,666 Maintenance-of-Way Charges 5,541 5,270 5,334 Total Operating Revenue $ 117,745 $ 112,607 $ 111,000 Other Revenue 8,292 2,888 8,164 Total Revenue $ 126,037 $ 115,495 $ 119,164

15 Net Administrative Expense Comparison Millions -26.1% -3.3% -12.0% -18.7% 8.2% 2.3% 22.2% 0.0% 12.7% Budget $9.0 $7.1 $6.0 $5.9 $4.4 $4.8 $5.2 $5.9 $6.3 $6.2

16 Administrative Spending by Expense Type FY 2019 FY 2018 FY 2018 Budget Estimated Actual Budget Salaries $ 1,530,728 $ 1,496,722 $ 1,514,297 Benefits 695, , ,674 Office Expenses 434, , ,039 Other Management Expenses 73,550 43,569 70,950 Information Technologies 313, , ,225 Bank and Investment 151, , ,000 ACET Administrative Support 1,412,323 1,325,181 1,372,718 Audit 158, , ,960 Legal 940, , ,000 Governmental Affairs 144, , ,000 Professional Services 331, , ,533 Total Administrative Expenses $ 6,184,022 $ 5,533,410 $ 6,282,396

17 Professional Services Budget (x1000) FY 2019 Revenue Assessment Valuation System (RAVS) System Maintenance $ Financial Advisor 50.0 Accounting System Review 50.0 Annual Rating Agency Reviews 44.0 Emergency Field Exercises Planning, Coordination, & Oversight 8.8 Actuarial Services for Retirement Benefits 8.5 Miscellaneous 0.3 Total Professional Services $ 331.3

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19 Item 10 Federal Advocacy RFP

20 Federal Advocacy RFP January 16, 2018 RFP posted February 21, 2018 proposal deadline 3 proposal received Review panel: 2 ACTA representatives and 1 representative each from POLA and POLB March 19, 2018 interviews with the 3 firms in Washington DC Recommendation: award of contract to Manatt, Phelps, & Phillips in the amount of $220,000 for 38 months through June 30, 2021 with 3-year optional extension with Board approval

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22 Item 11 RFP Status Update

23 RFP Investment Services Date RFP Released July 20, 2016 Selection approved by Board October 2016 Internal Audit Services Media Relations RFP Released February 21, 2017 Selection approved by Board April 2017 RFP Released April 4, 2017 Selection approved by Board June 8, 2017 Environmental On-Call Services (two separate contracts) RFP Released April 28, 2017 Selection approved by Board September 22, 2017 Environmental Lab Services Rail Maintenance Services Modified RFP Process August 2017 Selection approved by Board September 22, 2017 RFP Released August 9, 2017 See recommendation on April 12, 2018 Board Agenda Federal Advocacy Legal Services On-Call Maintenance Services RFP Released January 16, 2018 Selection recommendation on April 12, 2018 Board Agenda RFP Released March 12, 2018 Proposals due April 17, 2018 Anticipated RFP Release July 2018 (The contract may no longer be necessary and will be discussed at the June 2018 Board Meeting) Financial Advisor Anticipated RFP Release July/August 2018

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25 Item 12 Emergency Field Exercise March 11, 2018

26 Alameda Corridor Emergency Response Drill Sunday, March 11, 2018 Participants: Los Angeles County Fire Department Los Angeles City Fire Department Vernon Fire Department Compton Fire Department BNSF Railway Union Pacific Railroad

27 Field Exercises

28 Field Exercises

29 Field Exercises

30 Field Exercise Video

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32 Item 13 Homeless Encampments Update

33 Homeless Encampment Update Area 1 Redondo Junction & Santa Fe Avenue SPA 7 PATH (People Assisting the Homeless) There are currently no homeless in the area. Area 2 Nadeau Street Area SPA 7 PATH This is the largest homeless encampment. PATH and ACTA staff are visiting this location every Thursday morning. During the visit they meet with about individuals. LAHSA has reported the field teams have conducted roughly 40 assessments on individuals in that area. With the cold weather, it has been difficult to know how many individuals actually occupy the location.

34 Homeless Encampment Update (cont d.) Trash Clean-up No. 1 - Area 2 by Ocean Blue Environmental November 28, 2017 Looking North Looking South Looking South

35 Homeless Encampment Update (cont d.) Trash Clean-up No. 2 - Area 2 by Ocean Blue Environmental March 26-28, 2018 Looking South Looking North Looking South

36 Homeless Encampment Update (cont d.) Area 3 92 nd Street to Tweedy Blvd SPA 7 PATH Currently no homeless encampments in this area. Area 4 El Segundo Blvd SPA 6 SSG-HOPIC (Homeless Outreach Program Integrated Care System) Currently no homeless encampments in this area. Area 5 Dominguez Channel Bridge SPA 8 Harbor Interfaith Services Currently no homeless encampments in this area.

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38 Item 14 Performance Update

39 San Pedro Bay Ports Loaded Container TEU Volumes (yr/yr) % 9.07M* 9.62M 10.84M 11.30M 10.80M 9.08M 10.51M 10.71M 10.74M 11.06M 11.32M 10.97M 11.34M 11.95M 12.60M est. 15.0% 12.7% 15.7% 11.7% Gain/ Loss 10.0% 5.0% 0.0% -5.0% 9.3% 6.1% 5.4% 4.2% 1.9% 3.0% 2.4% 3.4% 0.3% ** -3.2% -4.4% -10.0% -15.0% -15.9% -20.0% * San Pedro Bay Ports Loaded TEUs ** CYD through Feb 2018

40 Port Container Throughput (TEUs) Feb 2018 POLA POLB Combined Feb-18 %Change* Feb-18 %Change* Feb-18 %Change* Imports 383, % 342, % 725, % Exports 157, % 130, % 288, % Total Loaded 540, % 473, % 1,013, % Empty 184, % 188, % 373, % Total 725, % 661, % 1,386, % YTD %Change* YTD %Change* YTD %Change* Imports 805, % 666, % 1,472, % Exports 307, % 251, % 559, % Total Loaded 1,113, % 918, % 2,031, % Empty 420, % 401, % 821, % Total 1,533, % 1,319, % 2,853, % * Relative to same period in 2017

41 Performance Comparison February 18 vs. 17, CY18 & FY18 Year to Date Operations Change Trains (Daily) 1,058 (37.8) 1,015 (36.3) 4.2 % Calendar Year to Date 2,232 (37.8) 2,138 (36.2) 4.4 % Fiscal Year to Date 9,089 (37.4) 8,410 (34.6) 8.1 % Railroad Self-Assessment Revenue Change Revenue $9.0 M $8.6 M 4.4 % Calendar Year to Date $18.3 M $17.2 m 6.5 % Fiscal Year to Date * $71.9 M $66.5 M 8.1 % * Note: Does not include reconciliations / adjustments for fiscal year-end.

42 Performance Use Fees & Container Charges February 18 vs. 17, CY18 & FY18 Year to Date Operations On Corridor (Use Fees) Change TEU s * 380,561 (7,682) 350,913 (7,084) 8.5 % Calendar Year to Date 781,305 (7,485) 705,518 (6,759) 10.7 % Fiscal Year to Date 3,158,763 (7,347) 2,766,494 (6,435) 14.2 % Operations Around Corridor (Container Charges) Change TEU s * 28,503 (575) 39,165 (791) % Calendar Year to Date 60,120 (576) 76,978 (737) % Fiscal Year to Date 252,259 (587) 296,053 (689) % Operations Combined Change TEU s * 409,063 (8,258) 390,078 (7,874) 4.9 % Calendar Year to Date 841,426 (8,061) 782,496 (7,496) 7.5 % Fiscal Year to Date 3,411,022 (7,934) 3,062,547 (7,124) 11.4 % * Note: Numbers in ( ) are the Average Daily Containers, Daily TEU s 1.74 = Containers.

43 Use Fees & Container Charges as of February 28, Millions FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Fiscal Year Budget Actual

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45 Alameda Corridor Train Counts Number of Trains Average Daily Trains*: * Corridor Capacity 150 Trains per Day

46 ACTA Percentage of the Ports Containerized Volume Imports Exports Loaded Empties Total % 43.5% 42.2% 14.2% 33.6% Change Source: Alameda Corridor Transportation Authority

47 ACTA Import Volume Loss Port Imports IPI Trans Local ,787,274 2,959,070 2,276,321 2,551, % 38.0% 29.3% 32.8% ,784,727 2,843,550 2,390,832 2,550, % 36.5 % 30.7 % 32.8 % 2014 / 15 Growth 0.0 % % 5.0 % 0.0 % ,987,323 2,657,908 2,652,075 2,677, % 33.3 % 33.2 % 33.5 % 2015 / 16 Growth 2.6 % % 10.9 % 5.0 % ,579,276 2,734,306 2,834,880 3,010, % 31.9% 33.0% 35.1% 2016 / 17 Growth 7.4% 2.9% 6.9% 12.4%

48 LA/LB Import Rail Volumes Total Rail Volume TEU s x1000 % Transloaded Intact Rail Volume % Transloaded Transload Rail Volume

49 Debt Service Comparison Debt ACTA projected revenue curves for 3, 4, & 6% port loaded container growth, plus 1.75% CPI fee increase $ in Millions Fiscal Years Before Refunding After Refunding Delta 4.75% Increase 5.75% Increase 7.75% Increase (with 1.75% Average CPI Increase)

50 Annual Performance Comparison ACTA Revenue * Containers * (Containers = TEUs/1.75) Millions 6.4% 7.9% Thousands M 3.31M (3,665) (1,832) (4,156) M (4,726) (1,842) (5,712) (2,090) M (7,213) (6,627) (1,899) (5,438) (949) 2.33M M (7,527) (1,885) (1,538) 2.78M (1,851) (6,307) (1,242) 2.76M (6,810) (1,043) 2.87M (6,592) (966) 2.77M (6,931) (873) 2.85M M (7,373) (822) 2.99M (7,233) (704) 2.89M (6,522) (706) 2.65M (7,178) (639) 2.85M 9.6 Note: - #s in ( ) = Daily Average for Year - #s above line trucked around Corridor subject to Container Charge - #s below line travels on the Corridor subject to Use Fee * Railroad Self Assessed Rev

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