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<br />Everett Transit 2023 TDP DRAFT 15
<br />Multiyear financial plan 2022-2028
<br /> 2022 2023 2024 2025 2026 2027 2028
<br />Operating Revenue and Expenditures Actuals Estimated Estimated Estimated Estimated Estimated Estimated
<br />Beginning Balance - January 1, 22,484,019 27,332,021 21,124,041 13,702,228 15,700,073 17,428,538 16,373,529
<br />Operational Reserve (1) 6,866,500 6,866,500 6,866,500 6,866,500 6,866,500 6,866,500
<br /> Revenues
<br /> Sales Tax (2) 26,017,746 25,869,305 25,998,652 26,024,650 26,545,143 27,076,046 27,617,567
<br /> Farebox (3) 810,229 886,638 972,274 1,166,729 1,190,064 1,213,865 1,250,281
<br /> FTA Preventive Maintenance (4) 682,612 950,954 940,954 953,174 953,174 953,174 953,174
<br /> Federal Pandemic Relief Funds (5) 12,083,703 - - - - - -
<br /> State Operating Grants (6) 993,691 3,643,544 3,378,627 3,496,879 3,566,817 3,638,153 3,692,725
<br /> Everett Station (7) 1,202,673 1,220,275 1,275,187 1,319,819 1,346,215 1,373,140 1,393,737
<br /> Other (8) 791,675 214,987 224,661 232,525 237,175 241,919 245,547
<br /> Total Operating Revenues 42,582,329 32,785,703 32,790,355 33,193,775 33,838,587 34,496,296 35,153,031
<br /> Expenditures
<br /> Fixed Route-P&M (A) 15,344,082 16,642,275 17,391,177 17,999,869 18,539,865 19,096,061 19,668,943
<br /> SWIFT BRT Tax Share (B) 2,134,728 2,155,775 2,166,554 2,168,721 2,212,095 2,256,337 2,301,464
<br /> Paratransit ADA-P&M (A) 3,509,093 4,009,585 4,190,016 4,336,667 4,466,767 4,600,770 4,738,793
<br /> Everett Station (A) 1,443,347 2,076,500 2,169,943 2,245,890 2,313,267 2,382,665 2,454,145
<br /> Administrative Expense (A) 3,436,577 4,109,548 4,294,478 4,444,784 4,578,128 4,715,472 4,856,936
<br /> Transfer to Capital Reserve (C) - 10,000,000 10,000,000 - - 2,500,000 500,000
<br /> Transfer to Operations Reserve (D) 5,000,000 - - - - - -
<br /> Total Expenses 30,867,828 38,993,683 40,212,168 31,195,931 32,110,122 35,551,305 34,520,281
<br /> Ending Balance - December 31, 34,198,521 21,124,041 13,702,228 15,700,073 17,428,538 16,373,529 17,006,279
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<br /> 2022 2023 2024 2025 2026 2027 2028
<br />Capital Revenue and Expenditures Actuals Budgeted Estimated Estimated Estimated Estimated Estimated
<br />Beginning Balance January 1, 5,598,588 6,357,630 9,949,125 19,088,174 13,061,800 9,270,609 6,002,446
<br /> Revenue
<br /> Federal Sec.5307 Grants 31,250 8,674,439 1,332,332 63,992 1,604,835 1,604,836 1,604,836
<br /> Federal Sec.5339 Grants 169,476 1,521,078 562,597 104,102 4,642,500 4,642,500 3,526,500
<br /> FTA Congressional Funding - - - 4,600,000 - - -
<br /> State Capital Grant - WSDOT 36,148 75,000 - 11,496,000 - - -
<br /> Other Capital Assistance - 1,920,000 - - - - -
<br /> Transfer From Operating - 10,000,000 10,000,000 - - 2,500,000 500,000
<br /> VW Settlement 188,265 2,134,000 - - - - -
<br /> Total Available 425,139 24,324,517 11,894,929 16,264,094 6,247,335 8,747,336 5,631,336
<br /> Expenditures
<br /> Fixed Route Fleet Replacement 4,303 11,446,463 - 19,845,800 5,580,000 5,580,000 4,185,000
<br /> Chargers/Electric Bus Infrastructure 309,720 3,487,717 577,688 1,000,000 400,000 400,000 300,000
<br /> Paratransit Fleet Electric Replacement - - - - 819,545 - -
<br /> Charging Generator - 275,000 - - 1,000,000 - -
<br /> Bus Stop Improvements - Rucker - 1,000,000 - - - - -
<br /> Support Equipment Replacement - - 35,692 - - - 42,803
<br /> Support Vehicle Replacement 56,218 65,000 271,525 - 51,877 - 69,362
<br /> Bus and Bus Facilities - - - - 223,125 223,125 223,125
<br /> Transit Zero Emission Plan - 93,750 - - - - -
<br /> Everett Station Preventative Maint. - - 71,654 79,990 - - -
<br /> Everett Station Major Repairs 255,458 637,861 1,593,762 1,234,550 1,234,550 3,676,900 500,000
<br /> Everett Station Great Hall - 1,500,000 - - - - -
<br /> Everett Station Lighting Upgrades 3,776 69,865 - - - - -
<br /> Everett Station Passenger Amenities - 146,166 125,559 130,128
<br /> New Transit Shop Engineering - - - - 600,000 1,906,045 1,954,168
<br /> Safety Equipment - - - - - 100,000 51,877
<br /> Bus Shelters 137,641 - - - 129,429 129,429 223,125
<br /> Bike Racks 14,567 - - - - - -
<br /> Ops Security Fence/Gate 176,681 - - - - - -
<br /> New Operations Base - Environmental 16,340 - - - - - -
<br /> Additional Parking Land Acquisition - 1,000,000 - - - - -
<br /> NgORCA Upgrade 233,816 11,200 80,000 - - - -
<br /> Bus AVLA/APA/APC - 1,000,000 - - - - -
<br /> Total Capital Obligations 1,208,520 20,733,022 2,755,880 22,290,468 10,038,526 12,015,499 7,549,460
<br /> Ending Balance - December 31, 4,815,207 9,949,125 19,088,174 13,061,800 9,270,609 6,002,446 4,084,322
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