It is recommended by the Financial Administration and Audit Committee that the Board of Directors adopt Resolution No., Series of 2018 to amend and appropriate funds for the proposed, to increase the appropriation by $28.6 million to $1,329.0 million as detailed below in the Discussion section overview of the, and to decrease the appropriation of Capital Carryforward (previously approved capital funds) by $103.8 million to $639.7 million. GENERAL MANAGER S GOALS Core Goal 3: Strong Financial Management Task Goal 1: Fiscal Sustainability BACKGROUND The purpose of this Board Report is to request an amendment to the. This amendment will account for capital carryforward adjustments from year-end 2017 to 2018. The amendment also will detail other necessary adjustments to the capital budget and to the operating and administrative budget since the went into effect. DISCUSSION Overview of the 2018 Amendment The total proposed appropriation for the and the changes from the are summarized in the first set of tables below. The appropriation includes the amounts in the Amended column below (in thousands), which is a summary of relevant data from Exhibit I attached to this Board Report.
Operating Expenses, Debt Service, Capital Expenditures, Fund Balances BASE SYSTEM (0.6%) $000s $000s Change Operating Expense $ 520,426 $ 544,968 $ 24,542 Interest Expense 21,784 21,784 - Capitalized Interest - - - New Capital 58,921 59,425 504 Debt Payments 59,020 59,020 - FasTracks Internal Savings Account - - - Contingency Reserve 5,000 5,000 - Board Appropriated Fund 20,400 20,400 - Capital Replacement Fund - - - Unrestricted Operating Reserve 14,700 14,700 - Unrestricted Fund 31,382 34,516 3,134 Base System (0.6%) Appropriation $ 731,633 $ 759,813 $ 28,180 Base System Previously Approved Capital $ 104,826 $ 80,992 $ (23,834) Total Base System Appropriation $ 836,459 $ 840,805 $ 4,346 FASTRACKS PROJECT (0.4%) $000s $000s Change Operating Expense $ 49,284 $ 46,846 $ (2,438) Interest Expense 131,464 131,464 - Capitalized Interest 21,400 21,400 - New Capital 128,876 128,968 92 Debt Payments 5,680 5,680 - FasTracks Management Reserve 15,890 15,890 - FasTracks Internal Savings Account 71,520 71,520 - Board Appropriated Fund 4,107 3,904 (203) Capital Replacement Fund 4,107 3,904 (203) Unrestricted Fund 4,107 3,904 (203) FasTracks Project (0.4%) Appropriation $ 436,435 $ 433,480 $ (2,955) FasTracks Project Previously Approved Capital $ 638,722 $ 558,753 $ (79,969) Total FasTracks Project Appropriation $ 1,075,157 $ 992,233 $ (82,924)
FASTRACKS OPERATIONS $000s $000s Change Operating Expense $ 105,857 $ 108,553 $ 2,696 Interest Expense - - - Capitalized Interest - - - New Capital - - - Debt Payments - - - Board Appropriated Fund 8,821 9,046 225 Capital Replacement Fund 8,821 9,046 225 Unrestricted Fund 8,821 9,046 225 FasTracks Operations Appropriation $ 132,320 $ 135,691 $ 3,371 FasTracks Operations Previously Approved Cap. $ - $ - - Total FasTracks Operations Appropriation $ 132,320 $ 135,691 $ 3,371 Total FasTracks Appropriation $ 1,207,477 $ 1,127,924 $ (79,553) DISTRICT-WIDE $000s $000s Change Operating Expense $ 675,567 $ 700,367 $ 24,800 Interest Expense 153,248 153,248 - Capitalized Interest 21,400 21,400 - New Capital 187,797 188,393 596 Debt Payments 64,700 64,700 - FasTracks Management Reserve 15,890 15,890 - FasTracks Internal Savings Account 71,520 71,520 - Contingency Reserve 5,000 5,000 - Board Appropriated Fund 33,328 33,350 22 Capital Replacement Fund 12,928 12,950 22 Unrestricted Operating Reserve 14,700 14,700 - Unrestricted Fund 44,310 47,466 3,156 District-Wide Appropriation $ 1,300,388 $ 1,328,984 $ 28,596 District-Wide Previously Approved Capital $ 743,548 $ 639,745 $ (103,803) Total District-Wide Appropriation $ 2,043,936 $ 1,968,729 $ (75,207) The also includes operating revenue and non-operating revenue which are estimated, not appropriated, below (in thousands), which is a summary of relevant data from Exhibit I attached to this Board Report.
BASE SYSTEM (0.6%) Operating Revenue, Non-Operating Revenue $000s $000s Change Farebox Revenue $ 115,223 $ 115,223 $ - Other Operating Revenue 5,079 5,079 - Sales/Use Tax 375,705 373,701 (2,004) Grant Revenue 146,961 142,751 (4,210) Investment Income 1,838 2,386 548 Other Income 3,256 3,256 - Base System Revenue $ 648,062 $ 642,396 $ (5,666) FASTRACKS PROJECT (0.4%) $000s $000s Change Farebox Revenue $ - $ - $ - Other Operating Revenue - - - Sales/Use Tax 175,980 173,224 (2,756) Grant Revenue 267,487 271,064 3,577 Investment Income 5,440 9,346 3,906 Other Income 8,821 8,821 - FasTracks Project Revenue $ 457,728 $ 462,455 $ 4,727 FASTRACKS OPERATIONS $000s $000s Change Farebox Revenue $ 31,562 $ 31,562 $ - Other Operating Revenue 587 587 - Sales/Use Tax 74,490 75,910 1,420 Grant Revenue - - - Investment Income - - - Other Income 1,000 1,169 169 FasTracks Operations Revenue $ 107,639 $ 109,228 $ 1,589 Total FasTracks Revenue $ 565,367 $ 571,683 $ 6,316
DISTRICT-WIDE $000s $000s Change Farebox Revenue $ 146,785 $ 146,785 $ - Other Operating Revenue 5,666 5,666 - Sales/Use Tax 626,175 622,835 (3,340) Grant Revenue 414,448 413,815 (633) Investment Income 7,278 11,732 4,454 Other Income 13,077 13,246 169 District-Wide Revenue $ 1,213,429 $ 1,214,079 $ 650 2018 Operating Expense Adjustments The operating and administrative expense portion of the proposed budget amendment reflects an increase of $24.8 million from the to $700.4 million. This increment consists of an increase of $24.5 million on the Base System, a decrease of $2.4 million in FasTracks Project/Construction, and an increase of $2.7 million in FasTracks Operations. Of the $24.5 million increase for the Base System, major elements are $4.1 million for a budget adjustment from $1.80/gallon to $2.20/gallon for diesel fuel; $1.4 million in bus operations trainee wages and fringes not included in the adopted budget; $4.9 million in cost increases for fixed route contractors; a transfer of $0.7 million from the Elati division overhead door project to fund the Platte division overhead door project; $0.5 million increase in facilities maintenance overtime; net $0.5 million in total in additional funds for various facilities maintenance projects either not fully funded or not carried forward from 2017; $0.2 million in additional funds for ISO certification in Asset Management; $0.2 million for cellular data capture for live video on buses; $0.2 million for overtime for security staff; $0.5 million for increase to worker s comp insurance; $.0.3 million for contracted maintenance on VMWare; $2.7 million for development changes related for fare structure changes; $0.2 million for SmartCard spare parts; $0.4 million in increase to Mobile Ticketing
fees; $0.8 million to replenish the $5.0 million contingency fund; and previously approved transfers. For FasTracks Project, the $2.4 million decrease consists primarily of a $7.0 million reduction to the SERE betterments budget; offset by a $4.0 million increase to the North Metro betterments budget; $0.2 million in consultant work for TIES due to North Metro expansion; and other miscellaneous items. For FasTracks Operations, the $2.7 million increase consists mainly of $0.2 million in costs for commuter rail VMS takeover; and previously approved transfers. Major changes in Amended operating expenses are summarized by department below (summary excludes previously approved transfers and expense projects carry-forward unless noted), shown in detail on the attached Amendment A. Base System Bus Operations and Private Carrier Net increase of $22.4 million due to $11.5 million allocation of CBA from Non- Departmental, $4.9 million in cost increases for fixed route contractors, $4.1 million increase in diesel fuel expense, $1.4 million in trainee wages and fringes Rail Operations Net increase of $3.5 million due to $3.5 million allocation of CBA from Non- Departmental Capital Programs Net increase of $2.8 million from $0.8 million allocation of CBA from Non- Departmental, $0.5 million overtime for facilities maintenance, variety of other items Safety, Security and Asset Management
Net increase of $0.9 million from $0.3 million for ISO certification, $0.2 million for cellular data for live video on buses, $0.2 million overtime for security staff and increased salaries for hard to fill positions General Counsel Net increase of $0.5 million due to increase in worker s compensation insurance Finance and Administration Net increase of $6.0 million due to $2.7 million in estimated costs for development changes related to fare re-structure, $0.5 million allocation of CBA from Non- Departmental, $0.4 million for increase in Mobile Ticketing fees, $0.3 million in contractor for VMWare support, $0.3 million in spare parts for Smart Media Technology Planning Net increase of $4.7 million from transfers and other items including modeling for fare changes, system optimization project, Denver B-Cycle annual payment Communications Net increase of $0.08 million due to $0.4 million allocation of CBA from Non- Departmental, additional funds needed for vehicle wrap repairs, offset by transfer of commuter rail naming rights to FasTracks and other transfers Executive Office Net increase of $0.1 million for addition of a part-time position, funds for diversity training, and EEO software replacement Board Office Net increase of $0.2 million for directors fees not included in the adopted budget Non-Departmental
Net decrease of $17.3 million due $16.9 million allocation of CBA to various departments, $0.8 million to replenish the $5.0 million contingency fund FasTracks Project/Construction Capital Programs Net decrease of $2.8 million from $7.0 million reduction to the SERE betterments budget, offset by $4.0 million in North Metro betterments, various other items Finance and Administration Net increase of $0.4 million from $0.2 million for FTEs needed for North Metro operations, $0.2 million for development consultant for TIES work for North Metro FasTracks Operations Rail Operations Net increase of $2.8 million for previously approved transfers Communications Net increase of $0.2 million for reallocation of commuter rail naming rights from Base to FasTracks Safety, Security and Asset Management Net increase of $0.2 million for cost for takeover of commuter rail VMS operations Debt Service On the Base System, budgeted interest expense will remain unchanged from the Adopted. Debt principal payments also will not change. This is due to the absence of debt refundings/issuances since the Adopted. Capitalized interest is expected to show no change. On FasTracks, interest expense is budgeted to remain unchanged from the Adopted and debt principal payments will not change. Capitalized interest is
expected to remain the same. No new financing will be issued during the remainder of 2018 for either Base System or FasTracks. 2018 New Capital The new capital portion of the proposed amended budget totals $188.4 million, consisting of $59.4 million for Base System and $129.0 million for FasTracks. The net increase over the new capital is $0.595 million. These changes result from program changes that have occurred since the 2018 was adopted, and include the following significant changes: Base System Total new capital is $59.4 million for the Base System. New capital changes for Base System result in a net increase of $0.5 million to new capital from the Adopted. Adjustments to new capital funding from the include additional funding of $0.2 million via budget transfers for projects including Secure Storage Containers, Support/Service Vehicles, and CCTV Retrofit on LRV. Projects receiving new funding totaling $0.3 million are Laptop Computers for Vehicle Maintenance and design work for the Mezzanine Addition for Operator Training at Elati. Please see Attachment B for detail and Program Capital attached. FasTracks Total new capital is $129.0 million for FasTracks (Project). New capital changes for FasTracks result in a net increase of $0.092 million to new capital from the Adopted. This results from updated project schedules for current projects that changed the projected expenditures in 2018, adjustments for grant funding, changes in cost estimates, and corrections to the Adopted. Changes to new capital funding from the include $1.0 million in additional expenses for the East Line and Southeast Rail Extension, offset by reductions in spending of $0.9 million to FasTracks Admin Projects and the Commuter Rail Maintenance Facility. Please see Attachment B for detail and Program Capital attached. Previously Approved Capital Carryforward Adjustments
For the, year-to-date actual expenditures as of 9/30/17 were used to compute the estimate of the capital projects carryforward. This methodology is used to accommodate the timing of the adoption of the annual budget. For the, year-to-date actual expenditures as of 12/31/17 were used to compute the estimate of the carryforward. This takes into account expenditures that were made in the last quarter of 2017. Previously approved capital to be carried forward is $639.7 million, a decrease of $103.8 million from the carryforward to reflect fourth quarter 2017 actual expenditures, transfers to reclassify certain capital projects as expense projects and vice versa, previously approved transfers, project scope changes, and completion of projects. Of the carryforward amount, the Base System portion is $81.0 million and the FasTracks portion is $558.7 million. Major capital carryforward projects are 16 th Street Mall Paver Repair, expansion of the Customer Care Telephone Center, East Corridor close-out, and North Metro rail construction. Please see Attachment C for detail and Program Capital attached. Revenue Changes In the Amended, revenues are projected to increase $0.6 million on a combined basis from the. Sales and Use Tax revenues are projected to decrease $3.3 million from the 2018 Adopted based on the CU-Leeds School March 2018 forecast. The 2018 Amended incorporates the baseline forecast of 4.1% over 2017 actual sales/use tax revenue. The used the CU-Leeds September Baseline forecast which called for a 4.9% increase over the then projected 2017 level. On a combined basis, grant revenues including operating grants, capital grants, capital maintenance, FASTER grants, STAMPS and CMAQ grants are projected to decline $0.6 million from amounts in the. On the Base System, grant revenue is projected to decrease $4.2 million in CC&D and FTA funds for the Colfax Avenue planning study, WIN program funding, CMAQ funding, and Homeland Security grants, offset by increases in capital maintenance, SOGR, and
FASTER grants. For FasTracks, grants are budgeted to increase $3.6 million due to higher carryforward for various grants. Contributed capital (not shown in the table above) is projected to increase $2.3 million from third-party betterments and project contributions. Farebox revenue is budgeted to remain unchanged in the for both Base System and FasTracks. We will revise our estimates in the 2019 budget based on more months of actual data. Of projected fare revenue of $146.8 million, $115.2 million is attributed to the Base System and $31.6 million is attributed to FasTracks (Operations). Fare revenue is forecasted on the basis of a fare revenue model being used to estimate and allocate fare revenue between Base and FasTracks and within FasTracks service corridors, and which takes into account ridership decline. Using this model, in 2018 a higher proportionate amount of fare revenue was allocated to Base System and a lower amount was allocated to FasTracks than in previous periods in which FasTracks fare revenue had been overestimated. Other operating revenue will remain flat from the. Investment income is budgeted to be $4.4 million higher based on forecasts of rising interest rates, with $0.5 million of this increase in the Base System and $3.9 million in FasTracks. Although the primary sources of revenue are budgeted to remain flat, other sources of funding are anticipated to materialize or have done so to support the budgeted increase in operating expense. These include: 1) third-party funding, 2) increase to the unrestricted fund balance at year-end 2017 which becomes the beginning fund balance for 2018, 3) release of unspent funds from closure of capital projects, and 4) deferral of certain projects scheduled for 2018 to 2019. Capital expenditures (on-going and carry-forward) in 2018 will be funded by previously issued debt proceeds and previously identified project funding. Unrestricted Year-End Fund Balance The combined Unrestricted Year-End Fund Balance is projected to increase $3.2 million from the Adopted to $47.5 million reflecting the funding sources described above, net of amended budget revisions to both revenue and expenses, replenishment of Board- Appropriated fund, and increases to reserves per fund balance policy. FasTracks Project Reserves
The proposed reflects maintenance of the FasTracks Management Reserve (formerly contingency reserve) at a balance of $15.9 million. This reserve is appropriated annually, and is used to fund any changes in the FasTracks schedule that could not be forecast at the time of adoption of the annual budget. The purpose of this reserve is to allow the District to accommodate minor changes to the FasTracks schedule without requiring frequent budget amendments to draw funds from the FasTracks Internal Savings Account. The FasTracks Internal Savings Account is budgeted at $71.5 million. These project reserve balances remain unchanged from the. Transfers The proposed reflects year-to-date budget transfers executed within the General Manager s authority or by prior authorization of the Board of Directors. The District s budget transfer policy was adopted by the Board of Directors on 2/26/85 and amended most recently on 4/1/10. The policy states that cumulative transfers between projects in amounts exceeding $250,000 require prior approval of the Board of Directors. Cost Recovery Ratio The proposed meets the cost recovery ratio mandated by the Colorado General Assembly. The estimated SB154 recovery ratio (all nontax revenue except ADA farebox revenues divided by all expenditures, including depreciation, except ADA expenditures and expenditures incurred for long-term planning and development of rapid transit infrastructure) exceeds the annual target of 30% mandated by the General Assembly. The RTD operating revenue recovery ratio (operating revenues except ADA farebox revenues divided by the same cost basis as the Colorado General Assembly) is estimated to exceed the 20% target established by the Board of Directors. Fund Balance Policy The proposed includes a reserve of 3% of annual spending as defined in Article X, Section 20 of the Colorado Constitution (the TABOR reserve). The proposed maintains a Board-Appropriated Fund, Capital Replacement Fund, Unrestricted Year-End Fund, and Unrestricted Operating Fund (Base System only) in the
District's working capital. The objective is for the total of these funds excluding the Capital Acquisition Fund to equal approximately three months of operating expenses excluding depreciation for each of the District entities (Base System, FasTracks Project and FasTracks Operations). On the Base System, this objective is not expected to be met in the 2018 Amended. Basis of Accounting and ing The accounts of the District are reported using the accrual basis of accounting. Revenues are recognized when earned and expenses are recognized when incurred. The District s basis of budgeting follows the accrual basis of accounting except (1) capital outlays and payments of debt principal are treated as expenditures, (2) asset sale proceeds and debt issuance proceeds are included, (3) depreciation, gains and losses on disposal of property and equipment, and the non-cash portion of long-term unfunded pension accruals are excluded from appropriation. ALTERNATIVES 1. It is recommended by the Financial Administration and Audit Committee that the Board of Directors adopt Resolution No., Series of 2018 to amend and appropriate funds for the proposed, to increase the appropriation by $28.6 million to $1,329.0 million as detailed above in the Discussion section overview of the 2018 Amended, and to decrease the appropriation of Capital Carryforward (previously approved capital funds) by $103.8 million to $639.7 million. 2. Request staff to revise the proposed amendments to the and amend the budget with revisions. 3. Do not amend the. This is not recommended, because the 2018 Adopted does not reflect the necessary capital carryforward adjustments, capital budget adjustments, and material changes to the operating and administrative budget.
Exhibit I BASE SYSTEM Regional Transportation District Fiscal Year Base System (In Thousands) 2017 Actual $ Change 2018 Amended vs. % Change vs. Operating Revenue Farebox Revenues 1 $ 111,435 $ 115,223 $ 115,223 $ - 0.0% Advertising Revenues 3,450 3,494 3,494-0.0% Joint Venture Revenue 2 478 950 950-0.0% Other Operating Revenues 2,326 635 635-0.0% Total Operating Revenue 117,689 120,302 120,302-0.0% Operating Expenses (excluding Depreciation) Bus Operations 149,022 144,145 158,957 14,812 10.3% Rail Operations 59,129 67,027 75,488 8,461 12.6% Private Carrier Operations 89,890 104,303 111,913 7,610 7.3% Access-a-Ride 46,226 47,481 47,481-0.0% Planning 4,069 3,480 8,862 5,382 154.7% Capital Programs & Facilities 42,695 48,899 59,552 10,653 21.8% Safety, Security & Asset Management 21,491 25,350 26,693 1,343 5.3% General Counsel 18,039 17,142 18,120 978 5.7% Finance & Administration 43,861 52,641 61,800 9,159 17.4% Communications 11,801 14,462 15,499 1,037 7.2% Executive Office 5,813 6,142 6,824 682 11.1% Board Office 805 1,112 1,292 180 16.2% Other Non-Departmental - 24,805 7,611 (17,194) -69.3% Less: FasTracks Service Increases (27,569) (25,910) (25,910) - 0.0% FasTracks Internal Savings Account (FISA) Contribution 9,716 7,557 7,557-0.0% Allocated Expenditures - (37,264) (36,771) 493-1.3% Expense Projects Carry-forward - 19,054 - (19,054) -100.0% Total Operating Expenses (excluding Depreciation) 474,988 520,426 544,968 24,542 4.7% Operating Income/(Loss) (357,299) (400,124) (424,666) (24,542) 6.1% Non-Operating Revenues Sales Tax 327,868 342,185 339,157 (3,028) -0.9% Use Tax 31,044 33,520 34,544 1,024 3.1% Grant Revenue - Operating 68,761 92,554 97,740 5,186 5.6% Grant Revenue - Capital 3 22,543 54,407 45,011 (9,396) -17.3% Investment Income 2,925 1,838 2,386 548 29.8% Other Income/Gain & Loss 6,411 3,256 3,256-0.0% Total Non-Operating Revenues 459,552 527,760 522,094 (5,666) -1.1% Income Before Debt Service and Cap Ex 102,253 127,636 97,428 (30,208) -23.7% Debt and Reserves Debt Payments (53,792) (59,020) (59,020) - 0.0% Interest Expense (21,972) (21,784) (21,784) - 0.0% Financing Proceeds - - - - 0.0% Drawdown/(Increase) in Capital Acquisition Reserve - 2,700 2,700-0.0% Contributed Capital - - - - 0.0% Increase / (Decrease) in Debt and Reserves (75,764) (78,104) (78,104) - 0.0% Capital Expenditures Prior Year Approved Capital Carryforward 109,783 104,826 80,992 (23,834) -22.7% Capitalized Interest - - - - 0.0% Facilities Construction & Maintenance - 411 616 205 49.9% Bus Infrastructure - - - - 0.0% Park-n-Rides - 113 113-0.0% Capital Support Projects - 14,679 14,679-0.0% Rail Construction - 4,626 4,626-0.0% Rail Transit - 1,542 1,542-0.0% Fleet Modernization & Expansion - 30,038 30,038-0.0% Capital Support Equipment - 7,358 7,657 299 4.1% Systems Planning - - - - 0.0% Unallocated Capital - 154 154-0.0% Net Capital Expenditures 109,783 163,747 140,417 (23,330) -14.2% Current Activity $ (83,294) $ (114,215) $ (121,093) $ (6,878) 6.0% Notes: 1 Farebox revenues include passenger fares for regular route services, special service fares, and farebox revenues collected and retained by private carriers under contract to RTD. 2 Joint venture revenues include contributions from local entities to provide local match for CMAQ grants for specific services. Joint venture revenues also include contributions from the City of Boulder to maintain the level of service on the JUMP, BOUND, and STAMPEDE above the level required by RTD's Route Service Standards. 3 Federal grant revenues include grants awarded in the current year in addition to carry-forward grant awards. Page 1
Exhibit I FASTRACKS PROJECT Regional Transportation District Fiscal Year FasTracks Project (In Thousands) 2017 Actual $ Change 2018 Amended vs. % Change vs. Operating Revenue Farebox Revenues $ - $ - $ - $ - 0.0% Other Operating Revenues - - - - 0.0% Total Operating Revenue - - - - 0.0% Operating Expenses (excluding Depreciation) Rail Operations - - - - 0.0% Planning 481 1,000 1,212 212 21.2% Capital Programs & Facilities 17,353 7,668 23,829 16,161 210.8% General Counsel 212 191 994 803 420.4% Finance & Administration 446 383 755 372 97.1% Communications 124 192 1,079 887 462.0% Other Non-Departmental - 624 624-0.0% Service Increases 27,569 25,910 25,910-0.0% FasTracks Internal Savings Account (FISA) Contribution (9,716) (7,557) (7,557) - 0.0% Expense Projects Carry-forward - 20,873 - (20,873) -100.0% Total Operating Expenses (excluding Depreciation) 36,469 49,284 46,846 (2,438) -4.9% Operating Income/(Loss) (36,469) (49,284) (46,846) 2,438-4.9% Non-Operating Revenues Sales Tax 190,643 161,082 157,785 (3,297) -2.0% Use Tax 18,204 14,898 15,438 540 3.6% Grant Revenue - Operating 3,151 4,469 4,941 472 10.6% Grant Revenue - Capital 2 54,194 263,018 266,123 3,105 1.2% Investment Income 60,106 5,440 9,346 3,906 71.8% Other Income 8,202 8,821 8,821-0.0% Total Non-Operating Revenues 334,500 457,728 462,455 4,727 1.0% Income Before Debt Service and Cap Ex 298,031 408,444 415,609 7,165 1.8% Debt and Reserves Debt Payments (39,524) (5,680) (5,680) - 0.0% Interest Expense (46,352) (131,464) (131,464) - 0.0% Financing Proceeds - - - - 0.0% Drawdown/(Increase) in FasTracks Debt Service Reserve - - - - 0.0% Drawdown/(Increase) in FasTracks Construction Reserve 176,750 - - - 0.0% Drawdown/(Increase) in FasTracks Internal Savings Account - (22,092) (22,092) - 0.0% Contributed Capital 1 9,659 128,902 131,225 2,323 1.8% Increase / (Decrease) in Debt and Reserves 100,533 (30,334) (28,011) 2,323-7.7% Capital Expenditures Prior Year Approved Capital Carryforward - 638,722 558,753 (79,969) -12.5% Capitalized Interest - 21,400 21,400-0.0% Fastracks Program 341,462 128,876 128,968 92 0.1% Net Capital Expenditures 341,462 788,998 709,121 (79,877) -10.1% Current Activity $ 57,102 $ (410,888) $ (321,523) $ 89,365-21.7% Notes: 1 Includes project third party capital 2 Federal grant revenues include grants awarded in the current year in addition to carry-forward grant awards. Page 2
Exhibit I FASTRACKS OPERATIONS Regional Transportation District Fiscal Year FasTracks Operations (In Thousands) 2017 Actual $ Change 2018 Amended vs. % Change vs. Operating Revenue Farebox Revenues $ 28,783 $ 31,562 $ 31,562 $ - 0.0% Other Operating Revenues 905 587 587-0.0% Total Operating Revenue 29,688 32,149 32,149-0.0% Operating Expenses (excluding Depreciation) Bus Operations 61 - - - 0.0% Rail Operations 33,923 59,463 62,283 2,820 4.7% Planning - - - - 0.0% Capital Programs & Facilities - 481 481-0.0% Safety, Security & Asset Management 4,794 7,562 7,762 200 2.6% Finance & Administration - - - - 0.0% Communications 562 131 1,256 1,125 858.8% Other Non-Departmental 1,714 - - - 0.0% Service Increases - - - - 0.0% Allocated Expenditures 35,601 37,264 36,771 (493) -1.3% Expense Projects Carry-forward - 956 - (956) -100.0% Total Operating Expenses (excluding Depreciation) 76,655 105,857 108,553 2,696 2.5% Operating Income/(Loss) (46,967) (73,708) (76,404) (2,696) 3.7% Non-Operating Revenues Sales Tax 27,936 67,041 68,319 1,278 1.9% Use Tax 2,492 7,449 7,591 142 1.9% Grant Revenue - Operating 8,500 - - - 0.0% Grant Revenue - Capital - - - - 0.0% Investment Income - - - - 0.0% Other Income - 1,000 1,169 169 16.9% Total Non-Operating Revenues 38,928 75,490 77,079 1,589 2.1% Income Before Debt Service and Cap Ex (8,039) 1,782 675 (1,107) -62.1% Debt and Reserves Debt Payments - - - - 0.0% Interest Expense - - - - 0.0% Financing Proceeds - - - - 0.0% Drawdown/(Increase) in FasTracks Construction Reserve - - - - 0.0% Contributed Capital - - 2,820 2,820 0.0% Increase / (Decrease) in Debt and Reserves - - 2,820 2,820 0.0% Capital Expenditures Prior Year Approved Capital Carryforward - - - - 0.0% Capitalized Interest - - - - 0.0% Fastracks Program - - - - 0.0% Net Capital Expenditures - - - - 0.0% Current Activity $ (8,039) $ 1,782 $ 3,495 $ 1,713 96.1% Notes: Page 3
Exhibit I COMBINED Regional Transportation District Fiscal Year Combined (In Thousands) 2017 Actual $ Change 2018 Amended vs. % Change vs. Operating Revenue Farebox Revenues $ 140,218 $ 146,785 $ 146,785 $ - 0.0% Advertising Revenues 3,450 3,494 3,494-0.0% Joint Venture Revenue 478 950 950-0.0% Other Operating Revenues 3,231 1,222 1,222-0.0% Total Operating Revenue 147,377 152,451 152,451-0.0% Operating Expenses (excluding Depreciation) Bus Operations 149,083 144,145 158,957 14,812 10.3% Rail Operations 93,052 126,490 137,771 11,281 8.9% Private Carrier Operations 89,890 104,303 111,913 7,610 7.3% Access-a-Ride 46,226 47,481 47,481-0.0% Planning 4,550 4,480 10,074 5,594 124.9% Capital Programs & Facilities 60,048 57,048 83,862 26,814 47.0% Safety, Security & Asset Management 26,285 32,912 34,455 1,543 4.7% General Counsel 18,251 17,333 19,114 1,781 10.3% Finance & Administration 44,307 53,024 62,555 9,531 18.0% Communications 12,487 14,785 17,834 3,049 20.6% Executive Office 5,813 6,142 6,824 682 11.1% Board Office 805 1,112 1,292 180 16.2% Other Non-Departmental 1,714 25,429 8,235 (17,194) -67.6% Less: FasTracks Service Increases - - - - 0.0% FasTracks Internal Savings Account (FISA) Contribution - - - - 0.0% Allocated Expenditures 35,601 - - - 0.0% Expense Projects Carry-forward - 40,883 - (40,883) -100.0% Total Operating Expenses (excluding Depreciation) 588,112 675,567 700,367 24,800 3.7% Operating Income/(Loss) (440,735) (523,116) (547,916) (24,800) 4.7% Non-Operating Revenues Sales Tax 546,447 570,308 565,261 (5,047) -0.9% Use Tax 51,740 55,867 57,573 1,706 3.1% Grant Revenue - Operating 80,412 97,023 102,681 5,658 5.8% Grant Revenue - Capital 76,737 317,425 311,134 (6,291) -2.0% Investment Income 63,031 7,278 11,732 4,454 61.2% Other Income 14,613 13,077 13,246 169 1.3% Total Non-Operating Revenues 832,980 1,060,978 1,061,628 650 0.1% Income Before Debt Service and Cap Ex 392,245 537,862 513,712 (24,150) -4.5% Debt and Reserves Debt Payments (93,316) (64,700) (64,700) - 0.0% Interest Expense (68,324) (153,248) (153,248) - 0.0% Financing Proceeds - - - - 0.0% Drawdown/(Increase) in Capital Acquisition Reserve - 2,700 2,700-0.0% Drawdown/(Increase) in FasTracks Debt Service Reserve - - - - 0.0% Drawdown/(Increase) in FasTracks Construction Reserve 176,750 - - - 0.0% Drawdown (Increase) in FasTracks Internal Savings Account - (22,092) (22,092) - 0.0% Contributed Capital 9,659 128,902 134,045 5,143 4.0% Increase / (Decrease) in Debt and Reserves 24,769 (108,438) (103,295) 5,143-4.7% Capital Expenditures Prior Year Approved Capital Carryforward 109,783 743,548 639,745 (103,803) -14.0% Capitalized Interest - 21,400 21,400-0.0% Facilities Construction & Maintenance - 411 616 205 49.9% Bus Infrastructure - - - - 0.0% Park-n-Rides - 113 113-0.0% Capital Support Projects - 14,679 14,679-0.0% Rail Construction - 4,626 4,626-0.0% Rail Transit - 1,542 1,542-0.0% Fleet Modernization & Expansion - 30,038 30,038-0.0% Capital Support Equipment - 7,358 7,657 299 4.1% Systems Planning - - - - 0.0% Unallocated Capital - 154 154-0.0% Fastracks Program 341,462 128,876 128,968 92 0.1% Net Capital Expenditures 451,245 952,745 849,538 (103,207) -10.8% Current Activity $ (34,231) $ (523,321) $ (439,121) $ 84,200-16.1% Notes: Page 4
Exhibit I NET POSITION 2017 Actual $ Change 2018 Amended vs. % Change vs. BASE SYSTEM BEGINNING NET POSITION $ 737,662 $ 726,603 $ 726,603 $ - 0.0% Income Before Debt Service and Cap Ex 102,253 127,636 97,428 (30,208) -23.7% Debt and Reserves (75,764) (78,104) (78,104) - 0.0% Net Capital Expenditures (109,783) (163,747) (140,417) 23,330-14.2% Current Activity (83,294) (114,215) (121,093) (6,878) 6.0% Depreciation and Amortization (97,549) (101,408) (101,408) - 0.0% Other 1 169,784 572,440 561,148 (11,292) -2.0% Total Change in Net Position (11,059) 356,817 338,647 (18,170) -5.1% ENDING NET POSITION $ 726,603 $ 1,083,420 $ 1,065,250 $ (18,170) -1.7% NET POSITION Net Investment in Capital Assets 902,070 962,339 941,079 (21,260) -2.2% Nonspendable Net Assets 902,070 962,339 941,079 (21,260) -2.2% Debt Service Reserves 2 31,850 33,066 33,066-0.0% Other Designated Reserves 2 (347,137) 1,500 1,500-0.0% Contingency Reserve - 5,000 5,000-0.0% Tabor Reserve 14,457 15,033 14,989 (44) -0.3% Restricted Net Position (300,830) 54,599 54,555 (44) -0.1% FasTracks Internal Savings Account (FISA) - - - - 0.0% Board Appropriated Fund 17,400 20,400 20,400-0.0% Capital Replacement Fund 2,700 - - - 0.0% Unrestricted Operating Reserve 9,700 14,700 14,700-0.0% Unrestricted Fund 95,563 31,382 34,516 3,134 10.0% Unrestricted Net Position 125,363 66,482 69,616 3,134 4.7% TOTAL NET POSITION $ 726,603 $ 1,083,420 $ 1,065,250 $ (18,170) -1.7% FASTRACKS PROJECT BEGINNING NET POSITION $ 2,567,805 $ 2,678,509 $ 2,678,509 $ - 0.0% Income Before Debt Service and Cap Ex 298,031 408,444 415,609 7,165 1.8% Debt and Reserves 100,533 (30,334) (28,011) 2,323-7.7% Net Capital Expenditures (341,462) (788,998) (709,121) 79,877-10.1% Current Activity 57,102 (410,888) (321,523) 89,365-21.7% Depreciation and Amortization (151,084) (158,182) (158,182) - 0.0% Other 1 195,027 1,258,093 1,031,952 (226,141) -18.0% Contributed Capital & Deferred Interest 9,659 150,302 152,625 2,323 1.5% Total Change in Net Position 110,704 839,325 704,872 (134,453) -16.0% ENDING NET POSITION $ 2,678,509 $ 3,517,834 $ 3,383,381 $ (134,453) -3.8% NET POSITION Net Investment in Capital Assets 2,645,998 3,330,816 3,196,937 (133,879) -4.0% Nonspendable Net Assets 2,645,998 3,330,816 3,196,937 (133,879) -4.0% Debt Service Reserves 2 116,777 79,162 79,162-0.0% Other Designated Reserves 2 1,655 2,418 2,418-0.0% Tabor Reserve 8,315 5,707 5,742 35 0.6% FasTracks Management Reserve 3 15,890 15,890 15,890-0.0% FasTracks Construction Reserve 4 (176,750) - - - 0.0% Restricted Net Position (34,113) 103,177 103,212 35 0.0% FasTracks Internal Savings Account (FISA) 49,428 71,520 71,520-0.0% Board Appropriated Fund 5,732 4,107 3,904 (203) -4.9% Capital Replacement Fund 5,732 4,107 3,904 (203) -4.9% Unrestricted Fund 5,732 4,107 3,904 (203) -4.9% Unrestricted Net Position 66,624 83,841 83,232 (609) -0.7% TOTAL NET POSITION $ 2,678,509 $ 3,517,834 $ 3,383,381 $ (134,453) -3.8% Notes: Regional Transportation District Fiscal Year - Fund Balance Base System and FasTracks (In Thousands) 1 Reconciling items reflect cash activity in capital projects, inventory, accounts receivable and prepaids, accruals and capitalized interest. 2 Reserves include funds that are legally restricted by bond covenants, other contracts, Board designation and policy guidelines. 3 Reserves are an appropriated reserve which is available to fund unforseen projects expenses (such as a contingency reserve). 4 Reserves respresent revenues that are designated to be spent in future years for the construction of the FasTracks capital program. Page 5
Exhibit I NET POSITION 2017 Actual $ Change 2018 Amended vs. % Change vs. FASTRACKS OPERATIONS BEGINNING NET POSITION $ 16,437 $ 8,398 $ 8,398 $ - 0.0% Income Before Debt Service and Cap Ex (8,039) 1,782 675 (1,107) -62.1% Debt and Reserves - - 2,820 2,820 0.0% Net Capital Expenditures - - - - 0.0% Current Activity (8,039) 1,782 3,495 1,713 96.1% Depreciation and Amortization - - - - 0.0% Other 1-19,512 15,702 (3,810) -19.5% Contributed Capital - - 2,820 2,820 0.0% Total Change in Net Position (8,039) 21,294 22,017 723 3.4% ENDING NET POSITION $ 8,398 $ 29,692 $ 30,415 $ 723 2.4% NET POSITION Net Investment in Capital Assets - - - - 0.0% Nonspendable Net Assets - - - - 0.0% Debt Service Reserves 2 - - - - 0.0% Other Designated Reserves 2 - - - - 0.0% Tabor Reserve 2,963 3,229 3,277 48 1.5% FasTracks Construction Reserve 4 - - - - 0.0% Restricted Net Position 2,963 3,229 3,277 48 1.5% FasTracks Internal Savings Account (FISA) - - - - 0.0% Board Appropriated Fund 8,227 8,821 9,046 225 2.6% Capital Replacement Fund 8,227 8,821 9,046 225 2.6% Unrestricted Fund (11,020) 8,821 9,046 225 2.6% Unrestricted Net Position 5,434 26,463 27,138 675 2.6% TOTAL NET POSITION $ 8,398 $ 29,692 $ 30,415 $ 723 2.4% COMBINED BEGINNING NET POSITION $ 3,321,904 $ 3,413,510 $ 3,413,510 $ - 0.0% Income Before Debt Service and Cap Ex 392,245 537,862 513,712 (24,150) -4.5% Debt and Reserves 24,769 (108,438) (103,295) 5,143-4.7% Net Capital Expenditures (451,245) (952,745) (849,538) 103,207-10.8% Current Activity (34,231) (523,321) (439,121) 84,200-16.1% Depreciation and Amortization (248,633) (259,590) (259,590) - 0.0% Other 1 364,811 1,850,045 1,608,802 (241,243) -13.0% Contributed Capital & Deferred Interest 9,659 150,302 155,445 5,143 3.4% Total Change in Net Position 91,606 1,217,436 1,065,536 (151,900) -12.5% ENDING NET POSITION $ 3,413,510 $ 4,630,946 $ 4,479,046 $ (151,900) -3.3% NET POSITION Net Investment in Capital Assets 3,548,068 4,293,155 4,138,016 (155,139) -3.6% Nonspendable Net Assets 3,548,068 4,293,155 4,138,016 (155,139) -3.6% Debt Service Reserves 2 148,627 112,228 112,228-0.0% Other Designated Reserves 2 (345,482) 3,918 3,918-0.0% Contingency Reserve - 5,000 5,000-0.0% Tabor Reserve 25,735 23,969 24,008 39 0.2% FasTracks Management Reserve 3 15,890 15,890 15,890-0.0% FasTracks Construction Reserve 4 (176,750) - - - 0.0% Restricted Net Position (331,980) 161,005 161,044 39 0.0% FasTracks Internal Savings Account (FISA) 49,428 71,520 71,520-0.0% Board Appropriated Fund 31,359 33,328 33,350 22 0.1% Capital Replacement Fund 16,659 12,928 12,950 22 0.2% Unrestricted Operating Reserve 9,700 14,700 14,700-0.0% Unrestricted Fund 90,275 44,310 47,466 3,156 7.1% Unrestricted Net Position 197,421 176,786 179,986 3,200 1.8% TOTAL NET POSITION $ 3,413,510 $ 4,630,946 $ 4,479,046 $ (151,900) -3.3% Notes: Regional Transportation District Fiscal Year - Fund Balance Combined (In Thousands) 1 Reconciling items reflect cash activity in capital projects, inventory, accounts receivable and prepaids, accruals and capitalized interest. 2 Reserves include funds that are legally restricted by bond covenants, other contracts, Board designation and policy guidelines. 3 Reserves are an appropriated reserve which is available to fund unforseen projects expenses (such as a contingency reserve). 4 Reserves respresent revenues that are designated to be spent in future years for the construction of the FasTracks capital program. Page 6
2018 AMENDED BUDGET PROGRAM CAPITAL 2018 2018 AMENDED BUDGET 2018 AMENDED BUDGET 2018 AMENDED BUDGET Adopted PRIOR PERIOD CAPITAL CARRYFORWARD NEW CAPITAL TOTAL CAPITAL CAPITAL PROGRAM BY PROJECT Project TOTAL LOCAL FEDERAL TOTAL LOCAL FEDERAL TOTAL LOCAL FEDERAL TOTAL 1 FASTRACKS COMMUTER RAIL MAINTENANCE FACILITY 70003 $ 9,543,684 3,137,006 2,088,695 5,225,701 1,660,564 1,829,939 3,490,503 4,797,570 3,918,634 8,716,204 CRMF TO PECOS 70036 $ 428,736 260,291-260,291 - - - 260,291-260,291 DENVER UNION STATION-OVERSIGHT 70030 $ 5,533,840 5,533,839-5,533,839 - - - 5,533,839-5,533,839 DOWNTOWN CIRCULATOR 70041 $ 1,500,000 1,500,000-1,500,000 - - - 1,500,000-1,500,000 DUS ELECTRIFICATION 70037 $ 74,687 56,029-56,029 - - - 56,029-56,029 DUS SYSTEMS-EAGLE 70040 $ 68,941 51,344-51,344 - - - 51,344-51,344 DUS TO CRMF CORRIDOR 70020 $ 878,203 6,174,128-6,174,128 - - - 6,174,128-6,174,128 EAGLE ADDITIONAL VEHICLES 70054 $ 318,924 318,924-318,924 - - - 318,924-318,924 EAST CORRIDOR 70010 $ 196,257,641 70,454,013 59,207,998 129,662,012 20,367,608 22,445,072 42,812,680 90,821,621 81,653,070 172,474,691 FASTRACKS ADMIN PROJECTS 70001 $ 7,719,349 3,805,124-3,805,124 2,266,334-2,266,334 6,071,458-6,071,458 FASTRACKS CONTINGENCY 70039 $ 1,500,000 1,000,000-1,000,000 500,000-500,000 1,500,000-1,500,000 GOLD LINE 70016 $ 52,731,318 25,175,066 24,995,497 50,170,563 - - - 25,175,066 24,995,497 50,170,563 I-225 CORRIDOR 70019 $ 55,239,871 48,320,062-48,320,062 - - - 48,320,062-48,320,062 I-225 LRT VEHICLE STORAGE TRACKS 70055 $ 2,189,761 2,018,386-2,018,386 (0) - (0) 2,018,386-2,018,386 I-225 THIRD PARTY BETTERMENTS 70044 $ 268,857 268,857-268,857 - - - 268,857-268,857 LONGMONT STATION 70048 $ 10,023,982 10,023,982-10,023,982 - - - 10,023,982-10,023,982 LRT VEHICLES (2) 70060 $ 5,046,936 5,046,936-5,046,936 - - - 5,046,936-5,046,936 NORTH METRO COP 70059 $ 229,011,425 143,652,755 1,319,277 144,972,031 46,416,422-46,416,422 190,069,176 1,319,277 191,388,453 NORTH METRO NON COP 70058 $ 56,385,156 25,185,055-25,185,055 19,347,235-19,347,235 44,532,290-44,532,290 NORTH METRO O&M INTERFACE 70061 $ 17,201,511 16,824,962-16,824,962 376,549-376,549 17,201,511-17,201,511 NORTH METRO MOBILIZATION 70063 $ 13,425,750 - - - 13,425,750-13,425,750 13,425,750-13,425,750 NORTHWEST RAIL 70007 $ 5,375,915 21,794,438-21,794,438 - - - 21,794,438-21,794,438 P.P.P. PREPARATION 70026 $ 250,000 250,000-250,000 - - - 250,000-250,000 PEORIA INTERFACE COORDINATION 70056 $ 749,544 749,544-749,544 - - - 749,544-749,544 SOUTHEAST CORRIDOR EXTENSION 70024 $ 87,528,902 39,424,704 31,971,486 71,396,190 296,480 35,858 332,339 39,721,184 32,007,344 71,728,529 U.S. 36 B.R.T. PHASE 1 70008 $ 117 0-0 - - - 0-0 U.S. 36 B.R.T. PHASE 2 70009 $ 6,477,058 6,279,468-6,279,468 - - - 6,279,468-6,279,468 WEST CNPA STIMULUS FUNDING 70027 $ 253,466 253,466-253,466 - - - 253,466-253,466 WEST THIRD PARTY FUNDED PROJECTS 70028 $ 3,237 - - - - - - - - - WEST PARKING GARAGE 70033 $ 1,474,033 1,474,033-1,474,033 - - - 1,474,033-1,474,033 SUBTOTAL - FASTRACKS PROJECTS $ 767,460,847 439,032,409 119,582,953 558,615,363 104,656,942 24,310,870 128,967,812 543,689,352 143,893,823 687,583,174 WEST LINE WEST LINE EQUIPMENT FOR FM 70051 $ 107,214 107,214-107,214 - - - 107,214-107,214 WEST LINE PIDS ELECTRONIC SIGNS 70052 $ 30,419 30,419-30,419 - - - 30,419-30,419 SUBTOTAL WEST LINE $ 137,632 137,632-137,632 - - - 137,632-137,632 TOTAL FASTRACKS $ 767,598,479 439,170,042 119,582,953 558,752,995 104,656,942 24,310,870 128,967,812 543,826,984 143,893,823 687,720,807 FACILITIES CONSTRUCTION & MAINTENANCE DISTRICT SHOPS BOIL OFF TANK IN RADIATOR SHOP 11705 $ - 82,368-82,368 - - - 82,368-82,368 WATER JET CUTTER 11804 $ 205,600 - - - 205,600-205,600 205,600-205,600 ENGINE & TRANSMISSION DYNAMOMETERS 11805 $ 205,600 - - - 205,600-205,600 205,600-205,600 SUBTOTAL - DISTRICT SHOPS $ - 82,368-82,368 - - - 82,368-82,368 PLATTE MOBILE HOIST PL 11713 $ 60,000 6,116-6,116 - - - 6,116-6,116 SUBTOTAL - PLATTE $ 60,000 6,116-6,116 - - - 6,116-6,116 OTHER PROJECTS BLAKE ENTRYWAY REMODEL 11613 $ 200,000 159,453-159,453 - - - 159,453-159,453 EXPANSION @ CUSTOMER CARE TELEPHONE CTR 11607 $ 6,533,138 4,961,826-4,961,826 - - - 4,961,826-4,961,826 FIRE PROTECTION FOR ZEE & SCC FACILITIES 11706 $ 514,800 503,703-503,703 - - - 503,703-503,703 AMEND-01 MEZZANINE ADDITION FOR OPERATOR TRAINING - ELATI AMEND-01 $ - - - - 205,000-205,000 205,000-205,000 SUBTOTAL - OTHER PROJECTS $ 7,247,938 - - - - - - - - - TOTAL FACILITIES CONSTRUCTION & MAINTENANCE $ 7,719,138 5,713,466-5,713,466 616,200-616,200 6,329,666-6,329,666 TRANSFER STATIONS BOULDER CITY OF BOULDER/RTD INTERMODAL FACILITY 10067 $ 237,722 237,722-237,722 - - - 237,722-237,722 SUBTOTAL - BOULDER $ 237,722 237,722-237,722 - - - 237,722-237,722 OTHER CIVIC CENTER STATION REBUILD 10409 $ 7,517,281 142,183 568,730 710,913 - - - 142,183 568,730 710,913 SOUTHWEST PLAZA BUS TRANSFER STATION 10289 $ 2,246,139 2,199,066-2,199,066 - - - 2,199,066-2,199,066 SUBTOTAL - OTHER $ 9,763,420 2,341,248 568,730 2,909,979 - - - 2,341,248 568,730 2,909,979 TOTAL TRANSFER STATIONS $ 10,001,142 2,578,971 568,730 3,147,701 - - - 2,578,971 568,730 3,147,701 PARK - N - RIDES 104th AVE. & COLORADO BLVD. 10329 $ 2,472,758 1,152,758 1,320,000 2,472,758 - - - 1,152,758 1,320,000 2,472,758 HWY 287 & NIWOT RD 10364 $ 590,739 160,991 643,963 804,954 - - - 160,991 643,963 804,954 STAPLETON 10094 $ 473,572 452,408-452,408 - - - 452,408-452,408 TABLE MESA 10365 $ 1,346,400 - - - - - - - - - TANTRA DRIVE 10366 $ 224,215 10,000-10,000 - - - 10,000-10,000 THORNTON PNR EXPANSION 10414 $ 1,275,951 268,781 994,975 1,263,756 - - - 268,781 994,975 1,263,756 THORNTON PNR PLAZA UPGRADES 11806 $ 113,080 - - - 113,080-113,080 113,080-113,080 LAFAYETTE PNR RECONSTRUCTION 11601 $ 1,031,100 1,031,100-1,031,100 - - - 1,031,100-1,031,100 WESTMINSTER CENTER PNR SOUTHSIDE 11602 $ 1,618,345 1,618,345-1,618,345 - - - 1,618,345-1,618,345 TOTAL PARK-N-RIDES $ 9,146,159 4,694,381 2,958,938 7,653,320 113,080-113,080 4,807,461 2,958,938 7,766,400 CAPITAL SUPPORT PROJECTS OTHER 16TH STREET MALL PAVER REPAIR 10369 $ 15,111,132 3,226,759 11,854,981 15,081,740 - - - 3,226,759 11,854,981 15,081,740 BLANK OUT SCREENS - WELTON STREET 11808 $ 1,362,735 - - - 1,362,735-1,362,735 1,362,735-1,362,735 BURNHAM YARD LEAD LAND PURCHASE 11807 $ 6,877,320 - - - 6,877,320-6,877,320 6,877,320-6,877,320 COLFAX AVE./TRANSIT PRIORITY PROJ. FTA LOP 11609 $ 11,419,515 1,435,629 3,382,979 4,818,608 1,287,694 5,150,776 6,438,470 2,723,322 8,533,755 11,257,077 LOCAL GOVERNMENT REQUESTS 10108 $ 925,787 925,787-925,787 - - - 925,787-925,787 SH119 BUS RAPID TRANSIT - ENVIRONMENTAL 11612 $ 3,780,881 2,409,950 1,000,000 3,409,950 - - - 2,409,950 1,000,000 3,409,950
2018 AMENDED BUDGET PROGRAM CAPITAL 2018 2018 AMENDED BUDGET 2018 AMENDED BUDGET 2018 AMENDED BUDGET Adopted PRIOR PERIOD CAPITAL CARRYFORWARD NEW CAPITAL TOTAL CAPITAL CAPITAL PROGRAM BY PROJECT Project TOTAL LOCAL FEDERAL TOTAL LOCAL FEDERAL TOTAL LOCAL FEDERAL TOTAL SUBTOTAL - OTHER $ 39,477,371 7,998,125 16,237,960 24,236,085 9,527,749 5,150,776 14,678,525 17,525,874 21,388,736 38,914,610 TOTAL CAPITAL SUPPORT PROJECTS $ 39,477,371 7,998,125 16,237,960 24,236,085 9,527,749 5,150,776 14,678,525 17,525,874 21,388,736 38,914,610 LRT CONSTRUCTION DOWNTOWN TRACK & SWITCHES REPLACEMENT 11707 $ 2,500,000 500,000 2,000,000 2,500,000 - - - 500,000 2,000,000 2,500,000 DOWNTOWN TRACK & SWITCHES REPLACEMENT 11816 $ 3,084,000 - - - 616,800 2,467,200 3,084,000 616,800 2,467,200 3,084,000 MAINTENANCE OF WAY FACILITY-RIO COURT 10299 $ 370 370-370 - - - 370-370 RAIL REPLACEMENT @ CENTRAL CORRIDOR 11809 $ 1,542,000 - - - 1,542,000-1,542,000 1,542,000-1,542,000 TOTAL LRT CONSTRUCTION 7,126,370 500,370 2,000,000 2,500,370 2,158,800-4,626,000 2,659,170 2,000,000 7,126,370 RAIL TRANSIT CAB SIGNALING ON LRVS 11803 $ 514,000 - - - 514,000-514,000 514,000-514,000 HEAVY EQUIPMENT FOR LR MAINTENANCE 10395 $ 1,862,328 739,358-739,358 1,028,000-1,028,000 1,767,358-1,767,358 LRV PURCHASE OF 27 VEHICLES 10424 $ 2,211,303 2,211,303-2,211,303 - - - 2,211,303-2,211,303 MAINT MGMT(MAXIMUS/OPTRAM) 10169 $ 559 559-559 - - - 559-559 POWER SWITCHING ON EMERGENCY CROSSOVERS 10393 $ 3,252,264 1,995,486 1,200,000 3,195,486 - - - 1,995,486 1,200,000 3,195,486 RAILWAY WORKER PROTECTION EARLY WARNING SYSTEM 10470 $ 420,140 420,140-420,140 - - - 420,140-420,140 SOUTHEAST CORRIDOR SOGR 10425 $ 307,500 307,500-307,500 - - - 307,500-307,500 YARD ELECTRIC SWITCH HEATERS MARIPOSA 10363 $ 1,004,940 1,014,940-1,014,940 - - - 1,014,940-1,014,940 TOTAL RAILTRANSIT 9,573,033 6,689,285 1,200,000 7,889,285 1,542,000-1,542,000 8,231,285 1,200,000 9,431,285 FLEET MODERNIZATION & EXPANSION ACCESS-a-RIDE CUTAWAY BUSES 11810 $ 819,316 - - - 819,316-819,316 819,316-819,316 CALL & RIDE CUT AWAY BUSES 11811 $ 2,281,338 - - - 2,281,338-2,281,338 2,281,338-2,281,338 ARTICULATED BUSES 10336 $ 83,332 - - - - - - - - - HOP BUSES 10417 $ 617,140 347,140-347,140 - - - 347,140-347,140 INTERCITY COACHES- 45 FT 10317 $ 979 - - - - - - - - - INTERCITY BUSES FOR US36 CORRIDOR 10402 $ 25,980 25,980-25,980 - - - 25,980-25,980 MALL SHUTTLES EXPANSION 2012 PURCHASE 10338 $ 2,355,476 753,774-753,774 - - - 753,774-753,774 TRANSIT BUSES 40 FT 10339 $ 40,769,805 924,545 3,698,179 4,622,724 17,256,761 9,680,951 26,937,712 18,181,306 13,379,130 31,560,436 TOTAL FLEET MODERNIZATION & EXPANSION $ 46,953,367 2,051,440 3,698,179 5,749,619 20,357,415 9,680,951 30,038,366 22,408,854 13,379,130 35,787,984 CAPITAL SUPPORT EQUIPMENT OPERATIONS ADA CALL CENTER UPGRADES 10296 $ 341,085 35,612-35,612 - - - 35,612-35,612 ADA VEHICLES/CUTAWAYS 10416 $ 5,282 5,282-5,282 - - - 5,282-5,282 ADMIN/POOL/SUPERVISOR VEHICLES 10420 $ 236,613 100,221-100,221 142,892-142,892 243,113-243,113 IN PLANT VEHICLES & EQUIP (BUS) 10140 $ 113,112 80,028-80,028 - - - 80,028-80,028 IN-PLANT VEHICLES & EQUIP. 10286 $ 7,496 - - - - - - - - - SUPPORT /SERVICE VEHICLES 10341 $ 1,052,943 975,979-975,979 - - - 975,979-975,979 IN PLANT VEHICLES & EQUIPMENT 10421 $ 264,363 68,029-68,029 223,076-223,076 291,105-291,105 SUPPORT/SERVICE VEHICLES 10422 $ 323,867 230,692-230,692 - - - 230,692-230,692 SUPPORT/SERVICE VEHICLES 11814 $ 1,245,936 - - - 1,460,401-1,460,401 1,460,401-1,460,401 ELECTRIC CAR & CHARGING STATION 11608 $ 5,335 5,335-5,335 - - - 5,335-5,335 SUBTOTAL - OPERATIONS $ 3,596,032 1,501,178-1,501,178 1,826,369-1,826,369 3,327,547-3,327,547 TREASURY TVM HARDWARE AND SOFTWARE UPDATE TO WINDOWS 7 11600 $ 61,866 - - - - - - - - - SMART CARD SYSTEM ARRA 10283 $ 1,260,767 1,260,767-1,260,767 - - - 1,260,767-1,260,767 SUBTOTAL - TREASURY $ 1,322,633 1,260,767-1,260,767 - - - 1,260,767-1,260,767 INFORMATION TECHNOLOGY 511 INTEGRATION MY STOP 10301 $ 23,567 23,567-23,567 - - - 23,567-23,567 APPLICATION PATCH ANALYSIS TOOL 10427 $ 34,695 - - - - - - - - - AUTOMATED PASSENGER COUNTERS 10345 $ 843,780 1,793,780-1,793,780 - - - 1,793,780-1,793,780 AUTOMATED SOFTWARE/INTEGRATION TESTING TOOL 10428 $ 153,750 153,750-153,750 - - - 153,750-153,750 AVAYA PHONE SYSTEM UPGRADE & SUPPORT 11603 $ 903,650 875,093-875,093 - - - 875,093-875,093 BI INITIATIVES 10429 $ 390,175 390,175-390,175 - - - 390,175-390,175 CALL-N-RIDE TABLET REPLACEMENT 10430 $ 230,991 230,991-230,991 - - - 230,991-230,991 DISASTER RECOVERY 10464 $ 1,017,954 481,180-481,180 - - - 481,180-481,180 ENTERPRISE CONTENT MANAGEMENT 10433 $ 1,338,880 824,880-824,880 514,000-514,000 1,338,880-1,338,880 ENTERPRISE CRM STUDY/REPLACEMENT 11815 $ 616,800 - - - 616,800-616,800 616,800-616,800 ENTERPRISE WIFI UPDATE 11604 $ 8,975 8,975-8,975 - - - 8,975-8,975 GARAGE CONCENTRATORS 11703 $ 339,768 339,768-339,768 - - - 339,768-339,768 INFORMATION STORAGE UNIT REPLACEMENT 11605 $ 84,678 84,678-84,678 - - - 84,678-84,678 INTEGRATION OF NEW PLANNING/SCHEDULING SOFTWARE 10437 $ 512,500 512,500-512,500 - - - 512,500-512,500 INVENTORY PLANNING & FORECASTING 10438 $ 1,676,000 1,676,000-1,676,000 - - - 1,676,000-1,676,000 IT INTRUSION DETECTION/PREVENTION SYSTEM 10439 $ 207,425 207,425-207,425 - - - 207,425-207,425 IVR DISASTER RECOVERY SERVERS 10319 $ 101,486 101,486-101,486 - - - 101,486-101,486 LAW PRACTICE MANAGEMENT INTEGRITY SYSTEMS 11812 $ 257,000 - - - 257,000-257,000 257,000-257,000 MARKETING/PI WEB CONTENT MANAGEMENT SYSTEM 10350 $ 27,968 - - - - - - - - - MOBILE DATA TERMINALS FOR ACCESS-A-RIDE 10444 $ 2,201,764 241,764-241,764 - - - 241,764-241,764 MOBILE PORTABLE VOICE RADIOS 10447 $ 21,440 - - - - - - - - - MOBILE TICKETING 11700 $ 1,186,261 1,182,011-1,182,011 - - - 1,182,011-1,182,011 MYSTOP & WHERE'S MY RIDE ENHANCEMENTS 10448 $ 102,500 102,500-102,500 - - - 102,500-102,500 MYSTOP & WHERE'S MY RIDE IVR 10449 $ 398,245 385,880-385,880 - - - 385,880-385,880 OPERATOR SELF-SERVICE AND AUTOMATED ATTENDANCE 10451 $ 205,000 205,000-205,000 - - - 205,000-205,000 ORACLE BI SOFTWARE UPGRADES FOR ASSET MGMT 10452 $ 205,000 205,000-205,000 - - - 205,000-205,000 ORACLE ENGINEERED SYSTEMS END OF LIFE REPLACEMENT 11701 $ 669,855 102,488-102,488 - - - 102,488-102,488 ORACLE ERP PROCUREMENT AND CONTRACT MODULES 10351 $ 300,326 300,326-300,326 - - - 300,326-300,326 ORACLE ERP UPGRADE AND/OR ALTERNATIVE SYSTEM 11813 $ 3,084,000 - - - 3,084,000-3,084,000 3,084,000-3,084,000 PARATRANSIT DATA SYSTEM UPGRADE 10353 $ 205,800 - - - - - - - - - RADIO SYSTEMS/SOFTWARE - CAD/AVL 10302 $ 3,212,031 3,076,266-3,076,266 - - - 3,076,266-3,076,266 RIDER ALERT SYSTEM 11702 $ 437,500 63,500 254,000 317,500 - - - 63,500 254,000 317,500 SCHEDULING AND RUN CUTTING SOFTWARE 10386 $ 1,576,365 1,576,365-1,576,365 - - - 1,576,365-1,576,365 SECURE STORAGE CONTAINERS 11817 $ - - - - 20,800-20,800 20,800-20,800 SHARED RADIO NETWORK UPGRADE 11716 $ 108,205 57,960-57,960 - - - 57,960-57,960 SMART MEDIA TECHNOLOGY 10457 $ 152,226 152,226-152,226 - - - 152,226-152,226 SMT DATA RETENTION STORAGE 10458 $ 51,250 - - - - - - - - - SMT STORED VALUE CARD IMPLEMENTATION 10322 $ - 1,328,399-1,328,399 - - - 1,328,399-1,328,399