FY2016 True Up Overview
|
|
- Camron Strickland
- 5 years ago
- Views:
Transcription
1 FY2016 True Up Overview
2 Basis for Budgeting HRT s dependency on federal, state and local budgetary decisions guides revenue and. expenditure estimates. Both are based on the best available information during budget preparation. HRT s annual budget differs from that of a local government due to the uncertain nature of grant awards from other entities and utilization of public transit. HRT currently utilizes a line of credit for daily operations to address the uncertainty of the timing and arrival of grant awards HRT does not have a dedicated revenue source for capital and/or operating funds. Overly Dependent on Local Contribution Overly Reliant on Federal Support Lack of a Rainy Day Fund No Dedicated Funding No Ability to Address Budgetary Shortfalls 2
3 Cost Allocation Agreement (CAA) Overview Major Guiding Principles (paraphrased) HRT will operate a consolidated regional public transportation system within and between the Participating Cities. Each participating city will have final determination on the type, amount and location of public transportation service provided within its borders. To recognize the distinct characteristics of each cities and to insure that each city is equitably allocated only the net cost of providing public transportation services for its citizens, separate operating cost and passenger revenue allocation formulas will be used. 3
4 Revenue Overview
5 Ridership Impact Ridership decline resulted in a farebox revenue shortfall: Revenue from ridership is projected based on the most recently completed fiscal year. FY14 year-end results were used to develop FY16 budget. Full year of a fare adjustment also budgeted in FY16. As an agency, ridership trended downward, by mode, 13%-bus, 12%- light rail, and 27%-Ferry as compared 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 DR Ferry Light Rail Bus FY16 Target FY16 Actual to the target. Budget Actual Fav(Unfav) % Revenue $ 22,075,000 $ 19,653,533 $ (2,421,467) -12.3% 5
6 Expense Overview
7 Budgetary Challenges Millions $45 $40. $35 $30 $25 $20 $15 $10 $5 $ Budget Actual Staffing requirements that exceeded current staffing levels and higher than anticipated turnover rate of operators. Overtime is utilized to sustain daily operations, on a temporary basis. The recruitment process (posting and selection, pre-employment process, onboarding, and training) for bus operators generally takes six (6) months. Budget Actual Fav(Unfav) % Personnel $ 39,585,343 $ 42,049,347 $ (2,464,004) -6.2% 7
8 Budgetary Challenges Millions $45 $40. $35 $30 $25 $20 $15 $10 $5 $ Budget Actual Budget Actual Fav(Unfav) % Fringe Benefits $ 16,684,043 $ 19,646,257 $ (2,962,214) -17.8% HRT experienced a higher than anticipated utilization of pay and nonpay fringe benefits. More employees opted into the health insurance program than projected. Higher than projected usage of paid leave. Non Pay Fringe Benefits consist of health insurance, retirement, pension, dental, DOT physicals, drug and alcohol testing, Naval Base pass badge access, operator uniforms and mechanic tool allowance. 8
9 Budgetary Challenges Millions $45 $40. $35 $30 $25 $20 $15 $10 $5 $ Budget Actual Budget Actual Fav(Unfav) % Material & Supplies $ 4,973,606 $ 6,679,850 $ (1,706,244) -34.3% Maintenance costs were higher than anticipated due to maintaining a 10 year old and aging bus fleet. The average useful life of a transit bus is roughly 12 years. State of Good Repair (SGR) per FTA is 6-7 years-old. Would need to purchase 25 buses per year to maintain SGR Older buses are more expensive to maintain tend to be less reliable Parts needed to repair them are more expensive 9
10 Budgetary Challenges Other Notable Budgetary Challenges Flat or moderate growth in Federal and State funding. Increased regulatory and oversight requirements State of Good Repair (SGR) Transit Asset Management (TAM) Safety Title VI Compliance DOT Americans with Disabilities Act (ADA) Historically low consumer gas price per gallon 2016 prices were the lowest in 12 years Anemic job growth/recovery 0.46% - Hampton Roads 1.92% - U.S. Metro Area Average Additional amenities and services (transit center, shelters, benches, trash receptacles, landscape maintenance) procured or requested by localities. 10
11 Cost Allocation Agreement (CAA) Overview Major Guiding Principles (paraphrased) Calculation Of Local Share Of Operating Costs Farebox revenue is captured by route and/or city and subtracted from service costs to determine if a deficit exists. If a deficit exists, federal aid (FA) and state aid (SA) will be applied. If funds are required after farebox revenue, FA and SA and any other assistance are applied to costs, the city approving services will provide the funds. Expense Total Service Cost Revenue Fares Federal State = Local Funding $2.7M $2.4M $0 $0 $5.1M 11
12 Recap HRT s dependency on federal, state and local budgetary decisions guides revenue and expenditure. estimates. Both are based on the best available information during budget preparation. HRT s annual budget differs from that of a local government due to the uncertain nature of grant awards from other entities and utilization of public transit. HRT currently utilizes a line of credit for daily operations to address the uncertainty of the timing and arrival of of grant awards HRT does not have a dedicated revenue source for capital and/or operating funds. In summary, HRT begins each fiscal year with $0 and ends the fiscal year with $0 Overly Dependent on Local Contribution Overly Reliant on Federal Support Lack of a Rainy Day Fund No Dedicated Funding No Ability to Address Budgetary Shortfalls 12
13 Your Help is Needed Correcting the Structural Imbalance to Foster Financial Flexibility and Fiscal Strength Amend the Cost Allocation Agreement to allow for the creation of and maintaining an unassigned reserve fund. Help find a regional funding source for transit operations and capital acquisition. Continued commitment to maintain and/or increase funding for HRT s SHIFT program. Reduce the reliance on Federal capital funding that is currently used to offset daily operations. 13
14 FY2016 True Up Overview
Budget Process Overview and Cost Allocation Methodology
Budget Process Overview and Cost Allocation Methodology 1 Cost Allocation Agreement Guiding Principles Operate a consolidated regional public transportation system within and between the Participating
More informationSpecial Audit & Budget Review Meeting: FY16/17 Budget June 23, 2016
Special Audit & Budget Review Meeting: FY16/17 Budget June 23, 2016 Budget Overview Budget Objectives Ensure core service levels are maintained and/or increased across all modes Increase ridership across
More informationFY15/16 DRAFT OPERATING
FY15/16 DRAFT OPERATING AND CAPITAL BUDGET FEBRUARY 26, 2015 EMERGING AS THEMOST CUSTOMER DRIVEN ANDEFFICIENT PUBLIC TRANSPORTATION AGENCY IN VIRGINIA. Budgetary Themes Constrain operating budget increases
More informationFY 15/16 OPERATING BUDGET-IN-BRIEF
FY 15/16 OPERATING BUDGET-IN-BRIEF JULY 1, 2015 EMERGING AS THE MOST CUSTOMER DRIVEN AND EFFICIENT PUBLIC TRANSPORTATION AGENCY IN VIRGINIA. TRANSPORTATION DISTRICT COMMISSION OF HAMPTON ROADS (TDCHR)
More informationMay 31, 2016 Financial Report
2016 May 31, 2016 Financial Report Capital Metropolitan Transportation Authority 7/13/2016 Table of Contents SUMMARY REPORTS Budgetary Performance - Revenue 2 - Sales Tax Revenue 6 - Operating Expenses
More informationAugust 31, 2016 Financial Report
August 31, 2016 Financial Report Capital Metropolitan Transportation Authority 10/14/2016 Table of Contents SUMMARY REPORTS Budgetary Performance - Revenue 2 - Sales Tax Revenue 6 - Operating Expenses
More informationPRESENTATION TITLE TRANSLINK ASSET MANAGEMENT PROJECT. Title sub text if required. Vikki Kwan, TransLink
TRANSLINK ASSET MANAGEMENT PROJECT Vikki Kwan, TransLink vikki.kwan@translink.ca Chris Lombard, AECOM christiaan.lombard@aecom.com May 6 th, 2013 Agenda Introduction to TransLink Title Study sub text Background
More informationFebruary 2016 Financial Report
2016 February 2016 Financial Report Capital Metropolitan Transportation Authority 4/13/2016 Table of Contents SUMMARY REPORT Budgetary Performance - Revenue 2 - Sales Tax Revenue 5 - Operating Expenses
More informationCHAPTER 7: Financial Plan
CHAPTER 7: Financial Plan Report Prepared by: Contents 7 FINANCIAL PLAN... 7-1 7.1 Introduction... 7-1 7.2 Assumptions... 7-1 7.2.1 Operating Revenue Assumptions... 7-2 7.2.2 Operating Cost Assumptions...
More informationBUDGET-IN-BRIEF APPROVED BUDGET FOR THE 2015 FISCAL YEAR EMERGING AS THE MOST CUSTOMER-DRIVEN AND EFFICIENT PUBLIC TRANSPORTATION AGENCY IN VIRGINIA
BUDGET-IN-BRIEF APPROVED BUDGET FOR THE 2015 FISCAL YEAR EMERGING AS THE MOST CUSTOMER-DRIVEN AND EFFICIENT PUBLIC TRANSPORTATION AGENCY IN VIRGINIA OUR VISION We envision HRT among the preeminent transportation
More informationFY2018 Proposed Operating Budget Audit/Budget Committee Meeting May 25, 2017
FY2018 Proposed Operating Budget Audit/Budget Committee Meeting May 25, 2017 Overview Budget Process Overview Budget Process Overview Budget Development and Assumptions Transportation Service Plan Overview
More informationGovernor s FY 2018 Revised, FY 2019 and Capital Budget Recommendations House Finance Committee April 12, 2018
Governor s FY 2018 Revised, FY 2019 and Capital Budget Recommendations House Finance Committee April 12, 2018 Quasi-public agency Established in 1964 Responsible: Fixed route bus service and Americans
More informationApril 30, 2016 Financial Report
2016 April 30, 2016 Financial Report Capital Metropolitan Transportation Authority 6/15/2016 Table of Contents SUMMARY REPORT Budgetary Performance - Revenue 2 - Sales Tax Revenue 6 - Operating Expenses
More informationFinancial Report Fiscal Year 2018
Financial Report Fiscal Year 2018 Year to Date March 31, 2018 Presented on May 21, 2018 1 Major Highlights Revenue FY2018 sales tax revenue budgeted at 2.5% growth over FY2017 Sales tax remittances received
More informationMARTA 2009 Budget Summary Review
MARTA 2009 Budget Summary Review 1 Transit Budgeting Strategies Internal Productivity & Cost Containment Fare Changes New Revenue Sources Transit Service Levels 2 The Budget Context Eliminate Legacy MARTA
More informationSolano County Transit
AGENDA ITEM 13 - REVISED BOARD MEETING DATE: APRIL 18, 2013 Solano County Transit TO: BOARD OF DIRECTORS PRESENTER: KRISTINA BOTSFORD, BUDGET & ACCOUNTING MANAGER MONA BABAUTA, EXECUTIVE DIRECTOR SUBJECT:
More informationFederal Assistance 13% Charges for Services 5% Appropriated Fund Balance.5% Other 3% Administration 6% Building Maintenance 3% Other 2%
TRANSIT FUND The Transit Fund is used to account for the operations of the Town s public transit system. Federal Assistance 13% Transit Revenues State Assistance 12% Charges for Services 5% Appropriated
More informationFY17 FY16 Valley Metro RPTA Sources of Funds FY17 vs FY16
FY17 ADOPTED ANNUAL OPERATING AND CAPITAL BUDGET Valley Metro Regional Public Transportation Authority (RPTA) provides public transportation services for Maricopa County located in the metro Phoenix, Arizona.
More informationPublic Transit Services Summary of Submitted 2015 Budget From Rates
Public Transit Services Summary of Submitted 2015 From Rates Service Expense 2014 2015 Revised Draft Non Tax Revenue Net Tax Supported Expense Non Tax Revenue Net Tax Supported Increase / (Decrease) Over
More informationWashington Metropolitan Area Transit Authority Metro Budget Overview
Washington Metropolitan Area Transit Authority Metro Budget Overview February 2011 Metro 10,877 Employees (10,974 budgeted) 1,491 Buses 588 Escalators and 237 Elevators 106 Miles of Track 92 Traction Power
More informationPOLICY AND PROCEDURES MANUAL
NUMBER EFF. DATE POLICY AND PROCEDURES MANUAL RESPONSIBLE DEPARTMENT Finance/Service Planning TITLE Fare Policy (DRAFT as of 11-13-13) APPLIES TO Development of Fare Structure, General Public SUPERSEDED
More informationBUDGET-IN-BRIEF APPROVED BUDGET FOR THE 2014 FISCAL YEAR EMERGING AS THE MOST CUSTOMER-DRIVEN AND EFFICIENT PUBLIC TRANSPORTATION AGENCY IN VIRGINIA
BUDGET-IN-BRIEF APPROVED BUDGET FOR THE 2014 FISCAL YEAR EMERGING AS THE MOST CUSTOMER-DRIVEN AND EFFICIENT PUBLIC TRANSPORTATION AGENCY IN VIRGINIA OUR VISION We envision HRT among the preeminent transportation
More informationPROPOSED FISCAL YEAR 2011 BUDGET. Testimony of. Richard Sarles, General Manager. Washington Metropolitan Area Transit Authority.
PROPOSED FISCAL YEAR 2011 BUDGET Testimony of Richard Sarles, General Manager Washington Metropolitan Area Transit Authority Before the Council of the District of Columbia Committee on Public Works and
More informationGovernor s FY 2019 Revised, FY 2020 and Capital Budget Recommendations House Finance Committee April 9, 2019
Governor s FY 2019 Revised, FY 2020 and Capital Budget Recommendations House Finance Committee April 9, 2019 Quasi-public agency Established in 1964 Responsible: Fixed route bus service and Americans with
More informationWhatcom Transportation Authority
Whatcom Transportation Authority Annual Budget 12/14/2017 This Page Intentionally Left Blank Whatcom Transportation Authority (WTA) Annual Budget Table of Contents General Manager s Budget Message... 2
More informationValley Metro Fiscal Year 2014 Financial Results. Budget and Finance Subcommittee October 9, 2014
Valley Metro Fiscal Year 2014 Financial Results Budget and Finance Subcommittee October 9, 2014 Regional Fixed Route Bus Ridership 3-Year Comparison Regional Fixed Route Bus Average Daily Ridership Light
More informationCapital Metropolitan Transportation Authority Monthly Performance & Financial Report For Period Ending October 31, 2012 Soft Close
Capital Metropolitan Transportation Authority Monthly Performance & Financial Report For Period Ending October 31, 2012 Soft Close Table of Contents SUMMARY REPORT Financial Performance -Sales Tax 3 -Other
More informationOverview of Minnesota Highway and Transit Finance. Metropolitan Council Transportation Committee June 22, 2015 and July 13, 2015
Overview of Minnesota Highway and Transit Finance Metropolitan Council Transportation Committee June 22, 2015 and July 13, 2015 Today s topics MN and Metro Area transportation revenues and expenditures
More informationGovernor s FY 2017 Revised, FY 2018 and Capital Budget Recommendations House Finance Committee April 12, 2017
Governor s FY 2017 Revised, FY 2018 and Capital Budget Recommendations House Finance Committee April 12, 2017 Quasi-public agency Established in 1964 Responsible: Fixed route bus service and Americans
More informationCHICAGO TRANSIT AUTHORITY. FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION December 31, 2011 and 2010 (With Independent Auditors Report Thereon)
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION (With Independent Auditors Report Thereon) Chicago, Illinois FINANCIAL STATEMENTS CONTENTS Independent Auditors Report... 1 Management s Discussion and
More informationVALLEY METRO RPTA FY18 Budget EXECUTIVE SUMMARY
VALLEY METRO RPTA FY18 Budget EXECUTIVE SUMMARY FY18 ADOPTED ANNUAL OPERATING AND CAPITAL BUDGET Valley Metro Regional Public Transportation Authority (RPTA) provides public transportation services for
More informationFinancial Report Fiscal Year 2018
Financial Report Fiscal Year 2018 Year to Date July 31, 2018 Presented on September 17, 2018 1 Major Highlights Revenue FY2018 sales tax revenue budgeted at 2.5% growth over FY2017 Sales tax remittances
More informationMETRO. Fiscal Year 2014 Monthly Board Report. May 2014
METRO Fiscal Year 2014 Monthly Board Report Revenue Expense Ridership Performance 7/11/2014 Table of Contents Section A Section B Section C Section D Section E Section F Section G Section H Section I Section
More information2017 TRANSIT DEVELOPMENT PLAN PROGRESS REPORT
LAKE COUNTY TRANSIT DIVISION P.O. Box 7800, Tavares, Florida 32778 2440 U.S. Highway 441/27, Fruitland Park, Florida 34731 Telephone: 352.323.5733; Facsimile: 352.323.5755 www.ridelakexpress.com 2017 TRANSIT
More informationFY2017 Budget Work Session
Finance & Administration Committee Information Item IV-B January 14, 2016 FY2017 Budget Work Session Washington Metropolitan Area Transit Authority Board Action/Information Summary Action Information MEAD
More informationBoard Chair Ron Daily and Members Omnitrans Board of Directors FISCAL YEAR ANNUAL BUDGET EXECUTIVE SUMMARY
DATE: May 2, 2018 ITEM # F4 TO: Board Chair Ron Daily and Members Omnitrans Board of Directors THROUGH: P. Scott Graham, CEO/General Manager FROM: SUBJECT: Maurice Mansion, Treasury Manager FISCAL YEAR
More informationOperating Budget. Third Quarter Financial Report (July 2005 March 2006)
Third Quarter Financial Report (July 2005 March 2006) INDEX A. Executive Summary...page 2 B. Revenue and Expense Analysis...page 3 C. Budget Variance Reports...page 14 D. Ridership and Performance Measures...page
More informationCHICAGO TRANSIT AUTHORITY. FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION December 31, 2010 and 2009 (With Independent Auditors Report Thereon)
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION (With Independent Auditors Report Thereon) Chicago, Illinois FINANCIAL STATEMENTS CONTENTS Independent Auditors Report... 1 Management s Discussion and
More informationMETRO. Fiscal Year 2012 Monthly Board Report. September 2012 (Fourth Quarter Fiscal Year-to-Date)
METRO Fiscal Year 2012 Monthly Board Report Revenue Expense Ridership Performance (Fourth Quarter Fiscal Year-to-Date) This report is based on a preliminary closing of the year-end financials for FY2012
More informationFinancial Outlook for the Metropolitan Transportation Authority
Financial Outlook for the Metropolitan Transportation Authority Thomas P. DiNapoli New York State Comptroller Kenneth B. Bleiwas Deputy Comptroller Report 6-214 September 213 Highlights Fares and tolls
More informationBirmingham-Jefferson County Transit Authority P.O. Box Birmingham, AL Phone: (205) Fax: (205)
Birmingham-Jefferson County Transit Authority P.O. Box 10212 Birmingham, AL 35202-0212 Phone: (205) 521-0161 - Fax: (205) 521-0154 Program of Projects For Federal Fiscal Year 2018 (Utilizing FFY 2017 Apportionments)
More information2019 MANAGEMENT & FINANCIAL PLAN
INDIANAPOLIS PUBLIC TRANSPORTATION CORPORATION 2019 MANAGEMENT & FINANCIAL PLAN FISCAL YEAR JANUARY 1, 2019 THROUGH DECEMBER 31, 2019 INTRODUCED TO INDYGO BOARD: JULY 30, 2018 IndyGo Year 2019 INDIANAPOLIS
More informationGreater Portland Transit District 114 Valley Street Portland ME 04102
Greater Portland Transit District 114 Valley Street Portland ME 04102 November 1, 2017 [SUBMITTED BY E-MAIL] Nathan Poore Town Manager Town of Falmouth 271 Falmouth Road Falmouth, ME 04105 Re: Preliminary
More information8.0 FINANCIAL ANALYSIS
Chapter 8 Financial Analysis 8.0 FINANCIAL ANALYSIS This chapter presents a summary of the financial analysis for the Central Corridor Light Rail Transit (LRT) Project, a description of the Project Sponsor
More informationREGIONAL TRANSPORTATION DISTRICT, COLORADO
REGIONAL TRANSPORTATION DISTRICT, COLORADO Series 2004 Lease RTD Active Fleet of the District Fiscal Year Ended December 31, 2013 Fixed Route Bus Fleet Number RTD Owned Fixed Route Buses 40' Transit Coaches
More informationWhatcom Transportation Authority
Whatcom Transportation Authority Annual Budget 2011 Table of Contents Executive Memorandum... 1 WTA Mission... 2 WTA Vision Destination 2020... 3 Key Objectives... 4 Budget Initiatives... 5 Budget Assumptions...
More informationTABLE OF CONTENTS. Page. Page
TABLE OF CONTENTS Page Overview Board of Directors... Overview-1 TriMet Officials... Overview-1 Budget Message... Overview-2 2017-2018 TriMet Organization Chart... Overview-10 Financial Summary General
More informationTransportation Finance Overview. Presentation Contents
Transportation Finance Overview Matt Burress House Research Department matt.burress@house.mn Andy Lee House Fiscal Analysis andrew.lee@house.mn January 5 th & 10 th, 2017 Presentation Contents 2 Part 1:
More informationFY2014 Operating Budget Performance Report
Finance & Administration Committee Information Item IV-C September 11, 2014 FY2014 Operating Budget Performance Report Washington Metropolitan Area Transit Authority Board Action/Information Summary Action
More informationBOARD OF SUPERVISORS 2018 TRANSIT SUMMIT INFORMATION ITEM. Countywide
Date of Meeting: June 25, 2018 #I-1 BOARD OF SUPERVISORS 2018 TRANSIT SUMMIT INFORMATION ITEM SUBJECT: ELECTION DISTRICT(S): STAFF CONTACTS: Advisory Boards Comments Countywide Scott Gross, Transportation
More informationMETRO. Fiscal Year 2013 Monthly Board Report. January 2013
METRO Fiscal Year 2013 Monthly Board Report Revenue Expense Ridership Performance 2/14/2013 Table of Contents Section A Section B Section C Section D Section E Section F Section G Section H Section I Section
More informationEASTERN SIERRA TRANSIT AUTHORITY ANNUAL FINANCIAL REPORT WITH INDEPENDENT AUDITOR S THEREON. June 30, 2016
EASTERN SIERRA TRANSIT AUTHORITY ANNUAL FINANCIAL REPORT WITH INDEPENDENT AUDITOR S THEREON June 30, 2016 Annual Financial Report For the Year Ended June 30, 2016 TABLE OF CONTENTS FINANCIAL SECTION Independent
More informationAGENDA ITEM 2 A Action Item. Motor Coach Industries Procurement Funding
AGENDA ITEM 2 A Action Item MEMORANDUM DATE: April 5, 2018 TO: FROM: SUBJECT: Julie Petersen, Finance Manager Motor Coach Industries Procurement Funding REQUESTED ACTION: BY MOTION, 1. Approve the engagement
More informationJANUARY FY Monthly Financial and Operational Report. Rhode Island Public Transit Authority
JANUARY FY 2019 Monthly Financial and Operational Report Rhode Island Public Transit Authority Financial Summary As of December FY 2019 Budget Actual Variance % Variance Revenues $ 64,896,602 $ 58,000,401
More informationQUALITY TRANSPORTATION SUMMARY
QUALITY TRANSPORTATION SUMMARY Quality Transportation Overview... 126 Department of Transportation... 127 Traffic Field Operations... 129 Winston-Salem Transit Authority... 131 Quality Transportation Non-Departmental...
More informationChapter 3: Regional Transportation Finance
Chapter 3: Regional Transportation Finance This chapter examines the sources of funding for transportation investments in the coming years. It describes recent legislative actions that have changed the
More informationREGIONAL TRANSPORTATION DISTRICT, COLORADO AS OF DECEMBER 31, 2015
AS OF DECEMBER 31, RTD Active Fleet of the District Fixed Route Bus Fleet: Number RTD Owned- Fixed Route Buses 40' Transit Coaches 620 Articulated Buses 110 Intercity Coaches 175 Mall Shuttles 37 30' Transit
More informationOCTOBER FY Monthly Financial and Operational Report. Rhode Island Public Transit Authority
OCTOBER FY 2019 Monthly Financial and Operational Report Rhode Island Public Transit Authority Financial Summary As of September FY 2019 Year to Date Budget Actual Variance % Variance $ 32,562,540 $ 28,304,800
More informationCHICAGO TRANSIT AUTHORITY CHICAGO, ILLINOIS
CHICAGO, ILLINOIS FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Years Ended (With Independent Auditor s Report Thereon) Chicago, Illinois FINANCIAL STATEMENTS Years Ended TABLE OF CONTENTS Independent
More informationFISCAL YEAR 2009 ACTUAL AND MID-YEAR 2010 SPENDING
FISCAL YEAR 2009 ACTUAL AND MID-YEAR 2010 SPENDING Testimony of John B. Catoe, Jr. General Manager Washington Metropolitan Area Transit Authority Before the Council of the District of Columbia s Committee
More informationFinancial Report - FY 2017 Year to Date May 31, 2017
Financial Report - FY 2017 Year to Date July 19, 2017 1 Major Highlights Revenue Sales tax remittances received through YTD April 2017 are 4.2% higher than YTD April 2016 Plaza Saltillo lease income budgeted
More informationAdopted 2018 OPERATING BUDGET Two-Year Financial Plan and Five-Year CAPITAL PROGRAM
2018 Adopted 2018 OPERATING BUDGET Two-Year Financial Plan and Five-Year CAPITAL PROGRAM MOVING YOU Northeastern Illinois December 2017 RTA Board of Directors Kirk Dillard Chairman Anthony K. Anderson
More informationFTA Rural and Tribal NTD Overview and Updates. December 12, 2018
FTA Rural and Tribal NTD Overview and Updates December 12, 2018 Introductions Margaret (Maggie) Schilling Program Manager FTA National Transit Database Murtaza Naqvi Transportation Data Analyst, FTA Program
More informationTransit Subsidy. Mission Statement. Mandates
Mission Statement The Potomac and Rappahannock Transportation Commission (PRTC) is a multi-jurisdictional agency representing Prince William, Stafford, and Spotsylvania Counties and the Cities of Manassas,
More informationFTA TRANSIT ASSET MANAGEMENT NPRM
FTA TRANSIT ASSET MANAGEMENT NPRM Allison I. Fultz Kaplan Kirsch & Rockwell LLP Washington, DC November 2, 2015 Overview Transit Asset Management (TAM) A business model that uses the condition of assets
More informationFinancial Plan. Section 8 STATUS QUO PLAN STATUS QUO PLAN ASSUMPTIONS STATUS QUO PLAN BUDGET ITEMS
Section 8 Financial Plan This final section of the TDP contains the financial information with regard to the improvements described in Section 7, Alternatives. The financial information is divided into
More informationFY2017 Year-End Financial Update
Finance Committee Information Item III-A September 14, 2017 FY2017 Year-End Financial Update Washington Metropolitan Area Transit Authority Board Action/Information Summary Action Information MEAD Number:
More informationMETRO MONTHLY BOARD REPORT
METRO Revenue Expenses Service Performance Fiscal Year FY2011 Table of Contents Section A Section B Section C Section D Section E Section F Section G Section H Summary Sales Tax Revenue Fare Revenue Operating
More informationCHICAGO TRANSIT AUTHORITY PRESIDENT S FY2017 BUDGET RECOMMENDATIONS. Analysis and Recommendations
CHICAGO TRANSIT AUTHORITY PRESIDENT S FY2017 BUDGET RECOMMENDATIONS Analysis and Recommendations November 14, 2016 TABLE OF CONTENTS EXECUTIVE SUMMARY... 1 CIVIC FEDERATION POSITION... 3 ISSUES THE CIVIC
More informationOperating Budget. Second Quarter Financial Report
Second Quarter Financial Report INDEX A. Executive Summary... A-1 B. Revenue and Expense Analysis... B-1 C. Budget Variance Reports... C-1 D. Ridership and Performance Measures... D-1 Board Budget Committee
More informationMEETING OF THE SAN DIEGO METROPOLITAN TRANSIT SYSTEM BUDGET DEVELOPMENT COMMITTEE. April 26, :00 AM
1255 Imperial Avenue, Suite 1000 San Diego, CA 92101-7490 619.231.1466 FAX 619.234.3407 1. ROLL CALL ACTION RECOMMENDED 2. APPROVAL OF MINUTES - March 26, 2018 Approve 3. PUBLIC COMMENTS 4. COMMITTEE DISCUSSION
More informationPortal North Bridge Project Hudson County, New Jersey Core Capacity Project Development (Rating Assigned February 2017)
Portal North Bridge Project Hudson County, New Jersey Core Capacity Project Development (Rating Assigned February 2017) Summary Description Proposed Project: Commuter Rail Capacity Improvement 2.3 Miles
More information8. FINANCIAL ANALYSIS
8. FINANCIAL ANALYSIS This chapter presents the financial analysis conducted for the Locally Preferred Alternative (LPA) selected by the Metropolitan Transit Authority of Harris County (METRO) for the.
More informationCAPITAL TRANSIT MISSION STATEMENT FY13 PROPOSED BUDGET $6,707,900 PUBLIC WORKS DEPARTMENT CORE SERVICES FUNDING SOURCES FOR CAPITAL TRANSIT
MISSION STATEMENT Capital Transit is a service program of the Public Works Department. The Public Works Department s mission is to ensure water and wastewater utilities, waste management, public transportation,
More informationMETRO. Fiscal Year 2012 Monthly Board Report. December 2011 (First Quarter Fiscal Year-to-Date)
METRO Fiscal Year 2012 Monthly Board Report Revenue Expense Ridership Performance (First Quarter Fiscal Year-to-Date) 1/27/2012 Table of Contents Section A Section B Section C Section D Section E Section
More informationGovernor s FY 2016 Revised, FY 2017 and Capital Budget Recommendations House Finance Committee April 13, 2016
Governor s FY 2016 Revised, FY 2017 and Capital Budget Recommendations House Finance Committee April 13, 2016 Quasi-public agency Established in 1964 Responsible: Fixed route bus service and Americans
More informationCHAPTER 9 FINANCIAL CONSIDERATIONS
CHAPTER 9 FINANCIAL CONSIDERATIONS 9.1 INTRODUCTION This chapter presents anticipated costs, revenues, and funding for the BEP and the SVRTP. A summary evaluation of VTA s financial plan for the proposed
More informationFY2020 Budget Outlook
Finance and Capital Committee Information Item IV-A October 11, 2018 FY2020 Budget Outlook 35 of 60 Washington Metropolitan Area Transit Authority Board Action/Information Summary Action Information MEAD
More informationFunding. Leading the Nation in Transportation Excellence
Funding 1 Leading the Nation in Transportation Excellence www.mass.gov/massdot 12/19/2011 Funding Presentation Overview RTA Funding Programs Operations Capital MBTA Funding Programs Transit Funding in
More informationFY2017 Budget Guidance
Finance & Administration Committee Information Item IV-D September 10, 2015 FY2017 Budget Guidance Washington Metropolitan Area Transit Authority Board Action/Information Summary Action Information MEAD
More informationMemphis Urban Area- Metropolitan Planning Organization Transportation Policy Board Meeting. August 23, 2018
Memphis Urban Area- Metropolitan Planning Organization Transportation Policy Board Meeting August 23, 2018. 1 Transit Asset Management (TAM) is a business model that prioritizes funding based on the condition
More informationNew York City Transit
New York City Transit MTA New York City Transit 2008 Preliminary Budget July Financial Plan 2008 2011 MISSION STATEMENT The mission of MTA New York City Transit is to provide customers with safe, reliable
More informationSpokane Transit Authority Adopted 2019 Operating and Capital Budgets. November 15, 2018 Board Meeting Resolution Number:
Spokane Transit Authority Adopted 2019 Operating and Capital Budgets November 15, 2018 Board Meeting Resolution Number: 764-18 Vision Vision/Mission We aspire to be a source of pride for the region. Mission
More informationOperating Budget Stability
Operating Budget Stability March Financial Update Report to Agenda Executive Summary March Performance Against FY16 Budget March Performance Against Same Period Last Year Appendix Financial Detail: March
More informationRail Modernization Study REPORT TO CONGRESS. April Prepared by: Federal Transit Administration
REPORT TO CONGRESS April 2009 Prepared by: Federal Transit Administration U.S. Department of Transportation Federal Transit Administration 1201 New Jersey Avenue S.E. Washington DC 20590 The Honorable
More informationProgram Evaluation and Audit COUNTY CONTRACTOR ADA COST REVIEW DARTS AND SCOTT COUNTY
Program Evaluation and Audit COUNTY CONTRACTOR ADA COST REVIEW DARTS AND SCOTT COUNTY October 27, 2006 Background INTRODUCTION The Metropolitan Council contracts with four County governments (Anoka, Dakota,
More informationCash & Liquidity The chart below highlights CTA s cash position at June 2014 compared to June 2013.
To: Chicago Transit Authority Board From: Ron DeNard, Chief Financial Officer Re: Financial Results for June 2014 Date: August 13, 2014 I. Summary CTA s financial results are $4.0 million favorable for
More informationCHAPTER 9 FINANCIAL CONSIDERATIONS
CHAPTER 9 FINANCIAL CONSIDERATIONS 9.1 INTRODUCTION This chapter presents anticipated costs, revenues, and funding for the Berryessa Extension Project (BEP) Alternative and the Silicon Valley Rapid Transit
More informationCalifornia MAP-21 Transit Working Group: MAP-21 Questions for FTA
California MAP-21 Transit Working Group: MAP-21 Questions for FTA General Has FTA started developing rules for transit programs as identified in MAP 21? When will FTA offer stakeholders an opportunity
More informationPINELLAS SUNCOAST TRANSIT AUTHORITY KEY BUDGET ASSUMPTIONS FOR FISCAL YEAR 2016
PINELLAS SUNCOAST TRANSIT AUTHORITY KEY BUDGET ASSUMPTIONS FOR FISCAL YEAR 2016 PSTA Budget Forecasting Summary Item Assumption Amount Source 3 Yr. Avg. FY2016 FY2017 FY2018 FY2019 FY2020 Revenues FY15
More informationWhatcom Transportation Authority. Annual Budget. WTA Draft Budget 1
Whatcom Transportation Authority Annual Budget 2010 WTA Draft Budget 1 Table of Contents Executive Memorandum... 1 WTA Mission... 2 WTA Vision Destination 2010... 3 Key Objectives... 4 Budget Initiatives...
More informationTransit Subsidy. Mission Statement. Mandates
Mission Statement The Potomac and Rappahannock Transportation Commission (PRTC) is a multi-jurisdictional agency representing Prince William, Stafford, and Spotsylvania Counties and the Cities of Manassas,
More informationResponses to Committee Requests
Finance, Administration and Oversight Committee Information Item III-E April 10, 2008 Responses to Committee Requests Washington Metropolitan Area Transportation Authority Board Action/Information Summary
More informationIBO. Running on Empty: The MTA s 2005 Budget and Financial Plan. The Road to Adopting New York City s Budget. Revised and updated...
IBO New York City Independent Budget Office Fiscal Brief November 2004 Running on Empty: The MTA s 2005 Budget and Financial Plan Revised and updated... The Road to Adopting New York City s Budget...at
More informationJANUARY 2019 FISCAL YEAR 2019 FINANCIAL REPORT
JANUARY 2019 FINANCIAL REPORT 1 OPERATING FINANCIAL STATEMENTS JANUARY 2019 Month to Date Year to Date Dollars in Thousands Budget Operating Revenue Passenger Revenue 15,160.4 1,110.4 1,212.7 102.3 9.2
More informationProposed Budget Fiscal Year 2010 July 1, 2009 June 30, 2010
Proposed Budget Fiscal Year 2010 July 1, 2009 June 30, 2010 Presented to the Board of Directors: Finance, Administration, and Oversight Committee January 8, 2009 1 General Manager s Overview And Summary
More informationMETRO. Fiscal Year Monthly Performance Report. Revenue Expense Ridership Performance. November 2018 (Third Quarter Fiscal Year-to Date)
METRO Fiscal Year 2019 Monthly Performance Report Revenue Expense Ridership Performance (Third Quarter Fiscal Year-to Date) 12/12/2018 Table of Contents Section A Section B Section C Section D Section
More informationTransit Development Plan (FY ) Executive Summary
Transit Development Plan (FY 2019-2028) Executive Summary December 2018 TABLE OF CONTENTS Introduction... 1 System Profile... 2 Public Outreach... 4 Key Findings/Direction... 5 Implementation Plan... 6
More informationFinancial Report Fiscal Year 2018
Financial Report Fiscal Year 2018 Year to Date September 30, 2018 1 Major Highlights Revenue Sales tax remittances received in FY2018 are 6.5% higher than FY2017 Additional $20 million in operating grants
More informationThe Highway Trust Fund Cliff: Its Impact on Public Transportation
Policy Development and Research JULY 2014 The Highway Trust Fund Cliff: Its Impact on Public Transportation A PTA recently conducted a survey asking public transportation agencies about the situation surrounding
More information