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Multiyear financial plan 2022-2027
<br />Operating Revenue and Expenditures
<br />2021
<br />Actuals
<br />2022
<br />Estimated
<br />2023
<br />Estimated
<br />2024
<br />Estimated
<br />2025
<br />Estimated
<br />2026
<br />Estimated
<br />2027
<br />Estimated
<br />Beginning Balance - January 1,
<br />7,449,395
<br />13,291,047
<br />14,072,505
<br />17,540,892
<br />18,851,434
<br />19,973,277
<br />19,666,859
<br />Operational Reserve
<br />5,000,000
<br />5,000,000
<br />5,000,000
<br />5,000,000
<br />5,000,000
<br />5,000,000
<br />Revenues
<br />Sales Tax (1)
<br />23,989,884
<br />22,736,471
<br />23,032,045
<br />23,492,686
<br />23,962,540
<br />24,441,791
<br />24,808,417
<br />Farebox (2)
<br />730,506
<br />937,576
<br />1,125,091
<br />1,350,109
<br />1,620,131
<br />1,652,533
<br />1,685,584
<br />FTA Preventive Maintenance (3)
<br />418,519
<br />940,954
<br />940,954
<br />960,457
<br />960,457
<br />960,457
<br />960,457
<br />Federal Pandemic Relief Funds (4)
<br />10,160,976
<br />10,000,000
<br />2,083,703
<br />-
<br />-
<br />-
<br />-
<br />State Operating Grants (5)
<br />924,366
<br />857,912
<br />2,903,155
<br />2,903,155
<br />2,903,155
<br />2,903,155
<br />2,903,155
<br />Everett Station (6)
<br />1,012,696
<br />1,090,261
<br />946,626
<br />975,025
<br />1,004,276
<br />1,034,404
<br />1,065,436
<br />Other (7)
<br />400,834
<br />187,989
<br />193,629
<br />199,438
<br />205,421
<br />211,583
<br />217,931
<br />Total Operating Revenues
<br />37,637,781
<br />36,751,163
<br />31,225,202
<br />29,880,869
<br />30,655,978
<br />31,203,922
<br />31,640,979
<br />Expenditures
<br />Fixed Route-P&M (A)
<br />13,054,676
<br />14,722,863
<br />15,900,692
<br />16,377,713
<br />16,934,555
<br />17,510,330
<br />18,105,681
<br />SWIFT BRTTax Share (B)
<br />1,941,957
<br />1,894,706
<br />1,919,337
<br />1,957,724
<br />1,996,878
<br />2,036,816
<br />2,067,368
<br />Paratransit ADA-P&M (A)
<br />3,076,414
<br />4,096,818
<br />4,424,563
<br />4,557,300
<br />4,712,248
<br />4,872,465
<br />5,038,129
<br />Everett Station (A)
<br />1,498,815
<br />1,803,935
<br />1,948,250
<br />2,006,697
<br />2,074,925
<br />2,145,472
<br />2,218,419
<br />Administrative Expense (A)
<br />2,224,267
<br />3,451,383
<br />3,563,973
<br />3,670,892
<br />3,815,529
<br />3,945,257
<br />4,079,396
<br />Transfer to Capital Reserve (C)
<br />Transfer to Operations Reserve (D)
<br />5,000,000
<br />10,000,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />1,000,000
<br />-
<br />-
<br />Total Expenses
<br />26,796,129
<br />35,969,705
<br />27,756,815
<br />28,570,326
<br />29,534,136
<br />31,510,340
<br />31,508,992
<br />Ending Balance - December 31,
<br />18,291,047
<br />14,072,505
<br />17,540,892
<br />18,851,434
<br />19,973,277
<br />19,666,859
<br />19,798,846
<br />2021
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />2027
<br />Capital Revenue and Expenditures
<br />Actuals
<br />Budgeted
<br />Estimated
<br />Estimated
<br />Estimated
<br />Estimated
<br />Estimated
<br />Beginning Balance January 1,
<br />5,423,145
<br />5,595,588
<br />11,287,302
<br />5,976,761
<br />5,020,282
<br />2,060,703
<br />2,202,609
<br />Revenue
<br />Federal Sec.5307 Grants
<br />3,756
<br />60,407
<br />8,555,178
<br />63,992
<br />63,992
<br />63,992
<br />63,992
<br />Federal Sec.5339 Grants
<br />1,313,943
<br />101,489
<br />214,375
<br />104,102
<br />104,102
<br />104,102
<br />104,102
<br />FTA Formula Grants
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />State Capital Grant - WSDOT
<br />-
<br />1,920,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Transfer From Operating
<br />-
<br />10,000,000
<br />-
<br />-
<br />-
<br />1,000,000
<br />-
<br />VW Settlement
<br />1,005,210
<br />-
<br />-
<br />2,134,000
<br />-
<br />-
<br />-
<br />Total Available
<br />2,322,909
<br />12,081,896
<br />8,769,553
<br />2,302,094
<br />168,094
<br />1,168,094
<br />168,094
<br />Expenditures
<br />Fixed Route Fleet Replacement
<br />1,918,326
<br />-
<br />9,826,950
<br />2,600,000
<br />-
<br />-
<br />-
<br />Chargers/Electric Bus Infrastructure
<br />6,310
<br />2,700,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Eclipse Mill Park Conductive with PUD
<br />-
<br />830,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Electric Charging Generator
<br />-
<br />275,000
<br />275,000
<br />-
<br />-
<br />-
<br />-
<br />Bus Stop Improvements - Rucker
<br />-
<br />-
<br />1,000,000
<br />-
<br />-
<br />-
<br />-
<br />Support Equipment Replacement
<br />28,965
<br />10,000
<br />38,000
<br />-
<br />-
<br />-
<br />-
<br />Support Vehicle Replacement
<br />46,710
<br />25,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Everett Station Preventative Maint.
<br />-
<br />79,849
<br />79,849
<br />79,849
<br />79,849
<br />79,849
<br />79,849
<br />Everett Station Major Repairs
<br />126,708
<br />230,151
<br />1,581,151
<br />469,351
<br />2,938,451
<br />500,000
<br />500,000
<br />Everett Station Great Hall
<br />-
<br />1,500,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Everett Station Lighting Upgrades
<br />3,066
<br />75,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Everett Station Passenger Amenities
<br />66,068
<br />146,166
<br />267,944
<br />109,373
<br />109,373
<br />130,128
<br />130,128
<br />Paratransit Vehicles
<br />-
<br />-
<br />-
<br />-
<br />-
<br />316,211
<br />-
<br />Ops Security Fence/Gate
<br />-
<br />250,000
<br />-
<br />-
<br />-
<br />-
<br />New Operations Base - Environmental
<br />103,414
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />NgORCA Upgrade
<br />286,146
<br />269,016
<br />11,200
<br />-
<br />-
<br />-
<br />-
<br />Bus AVL/APA/APC
<br />-
<br />-
<br />1,000,000
<br />-
<br />-
<br />-
<br />Total Capital Obligations
<br />2,585,713
<br />6,390,182
<br />14,080,094
<br />3,258,573
<br />3,127,673
<br />1,026,188
<br />709,977
<br />Ending Balance - December 31,
<br />5,160,341
<br />11,287,302
<br />5,976,761
<br />5,020,282
<br />2,060,703
<br />2,202,609
<br />1,660,726
<br />Everett Transit 2022 TDP - DRAFT
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