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tsng Comprehensive Transit Service Plan EVERETT TRANSIT Executive Summary Service to non-Everett Destinations 2006 Table 8:Estimated Service Improvement Schedule Financial Impacts of Everett Station Everett Transit has leased over 36,000 square feet of space at between $20 and $23 per square foot, using the remaining 3,000 SF of space to house the manager's office, the security office and a drivers' break and rest room. Everett Station has approximately 18,000 SF of common space for which each tenant pays a share based on the amount of space they rent. A review of operating costs and revenues shows that excluding interest on loan and interfund transfers, 2003 costs of 1.079 million will exceed revenues by $33,000. Everett Transit must explore ways to either increase revenues or decrease costs by that amount. Four major areas of expense are the management service, janitorial service, security and landscaping. A careful scrutiny indicates that both janitorial and security services are essential to maintain the building and the tenant or visitor experience. It may be possible to cut landscaping expenses. The City Council decision to require that management service for Everett Station be contracted out instead of adding any additional FTE may keep the cost of management higher than it might be with in-house staffing, but that is not certain. Customer Information Everett Transit is planning to assume full responsibility for, and operation of, customer information functions relating to Everett Transit and the discontinuation of joint customer information activities with Community Transit. Everett Transit staff have estimated that they can provide comparable service at a net savings of approximately $26,000 per year in 2003. Savings would be achieved by scheduling service appropriate to the needs of Everett Transit customers. These hours of service would be 6:30 AM to 6:30 PM Monday through Friday and 8 AM to 2 PM on Saturday. Saturday service would be accomplished by rotating the overtime among three existing employees. Currently ET is paying for Sunday service yet recent studies showed that only an average of three Sunday calls are received. Capital Costs Capital Costs are based on a number of anticipated capital improvements to support recommended service improvements. These are included in the following categories: Vehicle Replacement Bus replacement is assumed to take place after 12 years of service, according to federal funding guidelines, a more aggressive replacement program than that currently in place at Everett Transit. It is assumed that Federal capital funds will be available to fund 80% of all capital expenses, with the remaining 20% coming from local sources. Perteet Engineering,Inc. Page xxiii