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10
<br />Section X: Operating and Capital
<br />Revenue and Expenditures 2014-2020
<br />Operating Revenue and Expenditures
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />Actuals
<br />Budgeted
<br />Estimated
<br />Estimated
<br />Estimated
<br />Estimated
<br />Estimated
<br />Beginning Balance -January 1,
<br />8,061,746
<br />7,984,136
<br />7,069,212,
<br />7,488,450
<br />5,779,534
<br />4,087,991
<br />4,191,937
<br />Revenues
<br />Sales Tax (1)
<br />17,315,413
<br />17,280,856
<br />18,317,707
<br />18,867,239
<br />19,433,256
<br />20,016,253 ,
<br />20,616,741
<br />Farebox (2)
<br />1,554,056
<br />1,728,750
<br />1,864,466
<br />1,901,755.
<br />1,939,790
<br />1,978,586
<br />2,018,158
<br />Sales Tax Mitigation (3)
<br />239,716
<br />241,604
<br />241,604
<br />241,604
<br />241,604
<br />241,604
<br />241,604
<br />FTA Preventive Maintenance (4)
<br />509,717
<br />1,016,594
<br />1,353,882
<br />1,263,551
<br />1,263,550
<br />1,263,550
<br />1,263,550
<br />State Operating Grants (5)
<br />582,123
<br />463,183
<br />690,300
<br />690,300
<br />1,005,300
<br />1,005,300 `
<br />1,005,300
<br />Everett Station (3)
<br />1,061,363
<br />907,078
<br />1,098,140
<br />1,098,140
<br />1,098,140
<br />1,098,140'
<br />1,098,140
<br />Other(3)
<br />375,754
<br />113,735
<br />258,466
<br />258,466
<br />258,466
<br />258,466
<br />258,466
<br />Total Operating Revenues
<br />21,638,142
<br />21,751,800
<br />23,824,565
<br />24,321,055
<br />25,240,106.
<br />25,861,900
<br />26,501,959
<br />Expenditures
<br />Fixed Route-P&M (A)
<br />12,989,696
<br />13,557,020
<br />13,903,681
<br />14,459,828
<br />15,038,221
<br />15,639,750
<br />16,265,340
<br />SWIFTBRTTaxShare (Bi
<br />1,425,133
<br />1,440,071
<br />1,526,476 r
<br />1,572,270 r
<br />1,619,438
<br />1,668,021
<br />1,718,062
<br />ParatransitADA-P&M(A)
<br />4,240,372
<br />4,601,491
<br />4,837,551
<br />5,031,053
<br />5,232,295
<br />5,441,587.
<br />5,659,250
<br />Everett Station (C)
<br />1,257,809
<br />1,134,768
<br />1,146,116
<br />1,157,577
<br />1,169,153
<br />1,180,844
<br />1,192,653
<br />Administrative Expense (C)
<br />1,595,859
<br />1,933,374
<br />1,773,998
<br />1,791,738
<br />1,809,656
<br />1,827,752
<br />1,846,030
<br />Transfer to Capital Reserve (D)
<br />206,882
<br />-
<br />217,506
<br />2,017,506
<br />2,062,886
<br />-
<br />-
<br />Total Expenses
<br />21,715,751
<br />22,666,724
<br />23,405,327
<br />26,029,972
<br />26,931,648
<br />25,757,954
<br />26,681,335
<br />Ending Balance -December 31,
<br />7,984,137
<br />7,069,212
<br />7,488,450
<br />5,779,534.
<br />4,087,991
<br />4,191,937;
<br />4,012,561
<br />Capital Revenue and Expenditures 2014 2015 2016 2017 2018 2019 2020
<br />Beginning Balance -January 1, 622,060 670,168 716,919 246,919 1,246,918 3,246,918' 3,246,918
<br />Capital
<br />Revenue
<br />Federal See,5307 Grants 198,789 6,454 70,022 70,022 70,022 . - -
<br />Federal Sec.5309 Grants 12,962 - - - -
<br />Federal Sec.5339 Grants - - - - 221,565 -
<br />FTAFormulaGrants - 746,963 - - - -
<br />Transfer From Operating Reserve 206,882 - 217,506 2,017,506 2,062,886 -
<br />Saleofassets - - 2,000,000 - -
<br />Total Available 418,633 753,417 2,287,528 2,087,528 2,354,473
<br />Expenditures
<br />System P&M (Provide Detail)
<br />Paratransit Fleet Replacement 350,000 266,945 -
<br />Operations Base Roof Repair 20,000 - - -
<br />CameraEquipmentUpgradeEvtSt - 300,000 -
<br />Bus Maintenance Equipment 112,303 - -
<br />P.adio System Upgrade 2,184 -
<br />Computer & Technology Upgrades 18,386 155,937
<br />Transit Enhancements 72,634 - - "
<br />New Operations Base - - 2,000,000 1,000,000 -
<br />Everett Station remodel - 550,729 87,528 87,528 87,528
<br />System Expansion (Provide Detail)
<br />Everett Station Parking Garage 165,018 - - - -
<br />Total Capital Obligations 370,525 706,666 2,757,528 1,087,528 354,473 -
<br />Ending Balance - December 31, 670,168 716,919 246,919 1,246,918 3,246,918 3,246,918 3,246,918
<br />(1) Sales tax revenue is higher than anticipated for 2015 budget. Projected growth from 2016 to 2020 is a conservative 3% per year.
<br />(2) There is no anticipated growth in sales tax mitigation, Everett Station revenue and other miscellaneous revenues from 2016-2020.
<br />(3) The application of FTA grant funds to vehicle preventive maintenance is included in the PSRC TIP for the years 2015-2017.
<br />(4) There is a significant growth in State operating grants for 2016 - 2019.
<br />(A) Costs are expected to grow at an average rate of 4% per year through 2020.
<br />(B) Everett Transit and Community Transit entered into an interlocal agreement from December 2007 through December 2022 to share
<br />sales and use tax at 0.005% of sales and use activity in the City of Everett. This tax share therefore fluctuates according to sale and use
<br />activity as projected in sales tax (1).
<br />(C) Everett Station and Administrative expenses are expected to grow at an average annual rate of 1%.
<br />(D) Transfers are made from operating reserves to capital reserves as required for local match of anticipated federal grant funds.
<br />Everett Transit 2015 TDP
<br />127
<br />10
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