and Regional Results January 2019 Department of Internal Services Issued March 2019
Performance At-A-Glance January 2019 (Millions) $25 $20 $17 $15 $10 $5 $0 ($5) Generated Public Expenses Net Results results reflect a negative variance of $0.3 million for January 2019. Service (Millions) $25 $20 $15 $10 $5 $0 Generated Revenue Public Expenses Net Results Service results reflect a positive variance of $1.4 million for January 2019.
Performance At-A-Glance January 2019 (Unfavorable)/Favorable Regional (Unfavorable)/Favorable (Millions) (Millions) Revenue $0.217 million Performance is a result of a shortfall in farebox revenue. $0.017 million Revenue is 1.5% above budget for January. Expenses $2.238 million Expenses are favorable to budget by 11.7% due to favorable variances in most categories. $0.857 million expenses are 5.7% favorable to budget due to underruns in purchased transportation expense. Required $2.021 million Positive expense results have offset the shortfall in revenue for January. $0874 million requirement is below budget due to favorable revenue and expense results. Public $0.041 million Public funding revenues are slightly below budget. public funding is at budget for January 2019. -2 1 4-2 0 2
Review revenues are 4.8% below budget for Jaunuary 2019. A shortfall in Farebox revenue is likely due to inclement weather which effected ridership. expenses are $2.238 million or 11.7% below budget for January. Favorable variances were noted for most line items, with the most significant savings in Administration. Fuel expenses are favorable to budget by $148,226. The average price for diesel for January is $1.66/gallon, $0.64 below the budgeted price of $2.30/gallon. The funding requirement is $2.021 million below budget due to the favorable expense results. Public funding revenues are essentially at budget for January. The recovery ratio is at 31.26% YTD compared to the phased rate of 28.84% for January. Detailed Results (YTD Ending January 2019) Variance % of Remaining REVENUE Farebox $ 2,691,658 $ 2,887,195 $ (195,537) 92.91% Half Fare Reimbursement 217,500 217,480 20 91.67% Advertising Revenue 236,667 253,333 (16,666) 92.21% Other 1,191,376 1,196,241 (4,865) 92.13% Suburban Revenue $ 4,337,201 $ 4,554,249 $ (217,048) 92.61% EXPENSES Fox Valley $ 466,781 $ 469,100 $ 2,319 91.72% Heritage 475,611 480,294 4,683 91.82% North 432,700 501,516 68,816 93.07% North Shore 409,661 422,603 12,942 92.21% North West 1,488,402 1,429,430 (58,972) 91.54% River* 505,772 572,773 67,001 92.63% South 1,296,630 1,420,724 124,094 92.55% Southwest 704,850 719,223 14,373 92.03% West 1,788,693 1,915,463 126,770 92.35% Pace Operating Divisions $ 7,569,100 $ 7,931,126 $ 362,026 92.20% Highland Park 81,127 92,026 10,899 94.94% Niles 111,502 130,066 18,564 92.86% Schaumburg Trolley 25,346 37,169 11,823 94.32% Public Contract Carriers $ 217,975 $ 259,261 $ 41,286 93.96% Other Expenses Private Contract Carriers $ 623,170 $ 663,075 $ 39,905 91.72% Dial A Ride Services 1,514,954 1,504,995 (9,959) 91.61% Van Pool Program 128,935 195,868 66,933 95.54% CMAQ/JARC/ICE 367,489 452,400 84,911 94.61% Administration 2,282,079 3,079,257 797,178 93.98% Centralized Support 1,351,005 1,763,477 412,472 93.65% Fuel 872,409 1,020,635 148,226 93.37% Insurance 494,597 894,424 399,827 95.39% Health Care 2,144,327 2,174,339 30,012 91.78% Indirect Overhead Allocation (622,040) (757,101) (135,061) 93.15% Suburban Expenses $ 16,944,000 $ 19,181,756 $ 2,237,756 92.82% FUNDING REQUIREMENT $ 12,606,799 $ 14,627,507 $ 2,020,708 92.89% FUNDING RTA $ 11,943,490 $ 11,943,490 $ 0 93.00% Other Public 339,446 380,067 (40,621) 94.87% Application of Pace Funds 0 0 0 0.00% $ 12,282,936 $ 12,323,557 $ (40,621) 93.07% Net Results $ (323,863) $ (2,303,950) $ 1,980,087 Recovery Ratio w/credits Applied 31.26% 28.84% *River results include the East Dundee Outstation. 1
Recovery Rate. 2019 Indicators 2018 40% 30% 30.30% 31.26% 2019 30.30% The recovery rate is slightly above the budgeted recovery ratio for January 2019. 20% 10% 0% PY CY Cost Per Mile $6.00 $5.00 $4.59 $4.75 2018 2019 The cost per mile is up 3.4% compared to prior year levels. Expenses are down 1.2% while total mileage is down 4.6% over prior year levels. $4.00 $3.00 $2.00 $1.00 $0.00 YTD Cost Per $9.00 $8.00 $7.28 $7.00 $6.00 $5.00 $5.35 $4.00 YTD $8.20 $6.10 Cost/ Subsidy/ The YTD total cost per passenger is up 12.7% compared to January 2018. Expenses are down 1.3% while ridership is down 12.4%. Compared to prior year levels, the average revenue per passenger is up 17 cents and the subsidy per passenger is up 75 cents or 14.0%. $3.00 $2.00 $1.00 $0.00 $1.93 $2.10 2018 2019 Revenue/ 2
Regional Review Regional revenue was 1.5% above budget for January. Regional Detailed Results (YTD Ending January 2019) REVENUE Suburban City Regional Regional Variance Farebox $ 227,423 $ 778,377 $ 1,005,800 $ 989,385 $ 16,415 expenses are 5.7% under budget for January. The favorable variance is due to savings in the Purchased Transportation and Administration expense categories. Other 66,000 108,693 174,693 173,999 694 Revenue $ 293,423 $ 887,070 $ 1,180,493 $ 1,163,384 $ 17,109 EXPENSES Purchased Transportation $ 2,131,371 $ 10,698,059 $ 12,829,430 $ 13,233,044 $ 403,614 Fuel 206,025 0 206,025 223,174 17,149 Administration 42,377 401,225 443,602 635,695 192,093 Insurance (58,347) 68,332 9,985 103,181 93,196 RTA Certification 55,000 74,000 129,000 144,779 15,779 Indirect Overhead Allocation 0 0 622,040 757,101 135,061 The total Regional funding requirement was $874,000 lower than budget for January. Regional recovery performance is 14.46%, 4.2% above the budgeted rate of 10.26%. The recovery ratio calculation includes credits authorized by the RTA. Expenses $ 2,376,427 $ 11,241,616 $ 14,240,083 $ 15,096,974 $ 856,891 Requirement $ 2,083,004 $ 10,354,546 $ 13,059,590 $ 13,933,590 $ 874,000 FUNDING Regional Paratransit $ $ $ 13,719,213 $ 13,719,213 $ 0 State $ $ $ 699,583 $ 699,583 $ 0 $ $ $ 14,418,796 $ 14,418,796 $ 0 Surplus/(Shortfall) $ $ $ 1,359,206 $ 485,206 $ 874,000 Recovery Ratio w/credits 14.46% 10.26% The Regional total system revenue is above budgeted levels by $17,109 or 1.5% for January. The variance is attributed to an increase in farebox revenues. operating expenses are $856,891 or 5.7% under budget for January. The under budget results can be attributed primarily to the Purchased Transportation and Administration categories. The total funding requirement is $0.874 million lower than budget due to expense savings. 3
Regional Recovery Ratio. 2019 Regional Indicators 20% 2018 2019 15% 10% 10.00% 14.46% 10.00% The Regional recovery rate is slightly above the budgeted recovery ratio for January 2019. 5% 0% YTD YTD Regional Ridership (Thousands) 400.0 300.0 267.9 307.7 Regional Regional ridership is 12.9% below budget for January 2019 and is down 13.0% from January 2018, due to the impact of inclement weather. 200.0 204.6 232.1 City 100.0 0.0 63.3 75.6 Suburban Ridership excludes Personal Care Attendants (PCAs). Regional Performance Per $60.00 $54.93 $53.14 $50.00 $49.06 Cost/ The cost per passenger is $4.08 above budgeted levels for January due to reduced ridership during inclement weather. $40.00 $30.00 $37.52 $50.60 $48.74 $45.28 Subsidy/ Revenue per rider is above budget by 63 cents, while the total subsidy per passenger is $3.46 over budget. $20.00 $32.89 $10.00 $0.00 $4.63 $4.33 $4.41 $3.78 Suburban City Regional Ridership excludes Personal Care Attendants (PCAs). Rev/ 4
Results by Program (YTD Ending January 2019) Pace Operating Divisions Public Carriers Private Carriers Dial a Ride Services Vanpool/ CMAQ/JARC Administration Central Support Suburban Srv Suburban Srv Suburban Srv Variance REVENUE Farebox $ 2,210,545 $ 28,706 $ 77,928 $ 151,504 $ 222,975 $ 0 $ 0 $ 2,691,658 $ 2,887,195 $ (195,537) Half-Fare Reimbursement 0 0 0 0 0 217,500 0 217,500 217,480 20 Advertising Revenue 0 0 0 0 0 236,667 0 236,667 253,333 (16,666) Other 170,225 52,249 57,586 763,934 0 147,383 0 1,191,376 1,196,241 (4,865) Revenue $ 2,380,770 $ 80,954 $ 135,514 $ 915,437 $ 222,975 $ 601,550 $ 0 $ 4,337,201 $ 4,554,249 $ (217,048) EXPENSES Operations Labor/Fringes $ 5,939,220 $ 123,338 $ 0 $ 0 $ 367,489 $ 0 $ 313,363 $ 6,743,410 $ 7,003,784 $ 260,374 Parts/Supplies (138) 654 0 0 0 0 146,753 147,269 173,339 26,070 Purchased Transportation 0 25,346 623,170 1,225,690 0 0 0 1,874,206 1,870,300 (3,906) Fuel 0 0 0 0 0 0 872,409 872,409 1,020,635 148,226 Other 3,680 910 0 229,194 128,935 0 0 362,719 473,532 110,813 Sub- $ 5,942,762 $ 150,248 $ 623,170 $ 1,454,884 $ 496,424 $ 0 $ 1,332,525 $ 10,000,013 $ 10,541,590 $ 541,577 Vehicle Maintenance Labor/Fringes $ 717,463 $ 33,762 $ 0 $ 0 $ 0 $ 0 $ 358,572 $ 1,109,798 $ 1,355,155 $ 245,357 Parts/Supplies 218,607 2,130 0 0 0 0 60,312 281,049 168,874 (112,175) Other 2,071 4,154 0 21,556 0 0 0 27,781 101,924 74,143 Sub- $ 938,142 $ 40,046 $ 0 $ 21,556 $ 0 $ 0 $ 418,884 $ 1,418,627 $ 1,625,953 $ 207,326 Non-Vehicle Maintenance Labor/Fringes $ 69,644 $ 0 $ 0 $ 0 $ 0 $ 0 $ 101,068 $ 170,713 $ 198,808 $ 28,095 Parts/Supplies 27,725 0 0 0 0 0 0 27,725 44,213 16,488 Other 33,080 0 0 1,040 0 57 41,105 75,282 211,573 136,291 Sub- $ 130,450 $ 0 $ 0 $ 1,040 $ 0 $ 57 $ 142,173 $ 273,720 $ 454,594 $ 180,874 General Administration Labor/Fringes $ 287,520 $ 27,601 $ 0 $ 0 $ 0 $ 1,754,361 $ 0 $ 2,069,482 $ 2,236,065 $ 166,583 Parts/Supplies 3,275 60 0 0 0 6,251 0 9,586 24,275 14,689 Utilities 252,589 0 0 0 0 32,001 36,682 321,272 290,743 (30,529) Health Insurance 0 0 0 0 0 0 2,144,327 2,144,327 2,174,339 30,012 Liability Insurance 0 0 0 0 0 0 494,597 494,597 894,424 399,827 Other 14,364 20 0 37,474 0 489,408 293,149 834,415 1,696,874 862,459 Indirect Overhead Allocation 0 0 0 0 0 0 0 (622,040) (757,101) (135,061) Sub- $ 557,747 $ 27,681 $ 0 $ 37,474 $ 0 $ 2,282,022 $ 2,968,755 $ 5,251,639 $ 6,559,619 $ 1,307,980 Expenses $ 7,569,100 $ 217,975 $ 623,170 $ 1,514,954 $ 496,424 $ 2,282,079 $ 4,862,338 $ 16,944,000 $ 19,181,756 $ 2,237,756 Requirement $ 5,188,330 $ 137,020 $ 487,657 $ 599,516 $ 273,449 $ 1,680,529 $ 4,862,338 $ 12,606,799 $ 14,627,507 $ 2,020,708 RTA $ 11,943,490 $ 11,943,490 $ 0 Other Public $ 339,446 $ 380,067 $ (40,621) State $ 0 $ 0 $ 0 Transfer Capital $ 0 $ 0 $ 0 $ 12,282,936 $ 12,323,557 $ (40,621) Surplus/(Shortfall) $ (323,863) $ (2,303,950) $ 1,980,087 Recovery Ratio 31.45% 37.14% 21.75% 60.43% 44.92% 26.36% 31.26% 28.84% 5
Results by Program (YTD Ending January 2019) Suburban Chicago REVENUE Farebox $ 227,423 $ 778,377 $ 1,005,800 $ 989,385 $ 16,415 $ 3,697,458 $ 3,876,580 $ (179,122) Half-Fare Reimbursement 0 0 0 0 0 217,500 217,480 20 Advertising Revenue 0 0 0 0 0 236,667 253,333 (16,666) Other 66,000 108,693 174,693 173,999 694 1,366,069 1,370,240 (4,171) Revenue $ 293,423 $ 887,070 $ 1,180,493 $ 1,163,384 $ 17,109 $ 5,517,694 $ 5,717,633 $ (199,939) EXPENSES Operations Labor/Fringes $ 0 $ 0 $ 0 $ 0 $ 0 $ 6,743,410 $ 7,003,784 $ 260,374 Parts/Supplies 0 0 0 0 0 147,269 173,339 26,070 Purchased Transportation 2,131,371 10,698,059 12,829,430 13,233,044 403,614 14,703,637 15,103,344 399,707 Fuel 206,025 0 206,025 223,174 17,149 1,078,435 1,243,809 165,374 Other 0 0 0 0 0 362,719 473,532 110,813 Sub- $ 2,337,397 $ 10,698,059 $ 13,035,456 $ 13,456,218 $ 420,762 $ 23,035,469 $ 23,997,808 $ 962,339 Vehicle Maintenance Labor/Fringes $ 0 $ 0 $ 0 $ 0 $ 0 $ 1,109,798 $ 1,355,155 $ 245,357 Parts/Supplies 0 0 0 0 0 281,049 168,874 (112,175) Other 0 0 0 0 0 27,781 101,924 74,143 Sub- $ 0 $ 0 $ 0 $ 0 $ 0 $ 1,418,627 $ 1,625,953 $ 207,326 Non-Vehicle Maintenance Labor/Fringes $ 0 $ 0 $ 0 $ 0 $ 0 $ 170,713 $ 198,808 $ 28,095 Parts/Supplies 0 0 0 0 0 27,725 44,213 16,488 Other 0 0 0 0 0 75,282 211,573 136,291 Sub- $ 0 $ 0 $ 0 $ 0 $ 0 $ 273,720 $ 454,594 $ 180,874 General Administration Labor/Fringes $ 39,301 $ 273,404 $ 312,705 $ 354,270 $ 41,565 $ 2,382,187 $ 2,590,335 $ 208,148 Parts/Supplies 0 24 24 496 472 9,610 24,771 15,161 Utilities 0 4,790 4,790 3,497 (1,293) 326,062 294,240 (31,822) Health Insurance 7,579 45,794 53,373 74,060 20,687 2,197,700 2,248,399 50,699 Liability Insurance (65,926) 22,539 (43,388) 29,121 72,509 451,210 923,545 472,335 Other 58,076 197,006 255,082 422,211 167,129 1,089,497 2,119,085 1,029,588 Indirect Overhead Allocation 0 0 622,040 757,101 135,061 0 0 0 Sub- $ 39,030 $ 543,557 $ 1,204,627 $ 1,640,756 $ 436,129 $ 6,456,267 $ 8,200,375 $ 1,744,109 Expenses $ 2,376,427 $ 11,241,616 $ 14,240,083 $ 15,096,974 $ 856,891 $ 31,184,084 $ 34,278,730 $ 3,094,647 Requirement $ 2,083,003 $ 10,354,547 $ 13,059,590 $ 13,933,590 $ 874,000 $ 25,666,390 $ 28,561,097 $ 2,894,707 RTA $ 13,719,213 $ 13,719,213 $ 0 $ 25,662,703 $ 25,662,703 $ 0 Other Public $ 0 $ 0 $ 0 $ 339,446 $ 380,067 $ (40,621) State $ 699,583 $ 699,583 $ 0 $ 699,583 $ 699,583 $ 0 Transfer Capital $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 14,418,796 $ 14,418,796 $ 0 $ 26,701,732 $ 26,742,353 $ (40,621) Surplus/(Shortfall) $ 1,359,206 $ 485,206 $ 874,000 $ 1,035,342 $ (1,818,744) $ 2,854,086 Recovery Ratio 14.46% 10.26% Variance Combined Combined Combined Variance 6