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Section X: Operating and Capital
<br />Revenue and Expenditures 2014-2020
<br />Operating Revenue and Expenditures 2014 2015 2016 2017 2018 2019 2020
<br />Actuals Budgeted Estimated Estimated Estimated Estimated Estimated
<br />Beainnina Balance -January 1, 8,061,746 1 7,984,136 ! 7,069,212 " 7,276,497 ( 5,718,338 ' 5,739,518 ! 5,517,391
<br />`•Revenues
<br />21,638,142 j
<br />21,751,800
<br />23,612,612
<br />24,071,813
<br />24,952,829
<br />-25,535M26 .
<br />26,183,801
<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 />1,652,513
<br />1,652,513 i
<br />1,652,513
<br />1,652,513.
<br />1,700,000
<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 />1,263556__::
<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 />1,005300'===
<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 />_268,466
<br />!Total Operating Revenues
<br />21,638,142 j
<br />21,751,800
<br />23,612,612
<br />24,071,813
<br />24,952,829
<br />-25,535M26 .
<br />26,183,801
<br />'Expenditures
<br />716,919-1-_
<br />24e,919
<br />246,918 246,918 246,918
<br />;Capital
<br />=
<br />Fused Route-P&M (A)
<br />12,989,696.
<br />18,557,020
<br />13,903,681
<br />14,459,828
<br />15,038,321
<br />15,639,$50 i
<br />16,265,340
<br />SWIFTBRTTaxShare (B)
<br />1,425,133
<br />1,440,071
<br />I,526,476
<br />1,572,270
<br />1,619,438 ` -.],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 j
<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 />-*..169.153-,1
<br />1,180,844.
<br />1,192,653
<br />Administrative Expense (C)
<br />1,595,B59I
<br />1,933,374
<br />1,773,998
<br />1,791,73$1
<br />1609,656'==
<br />1,827,752
<br />1,846,030;
<br />Transfer to Capital Reserve (D)
<br />206,882
<br />2,000,000
<br />217,506
<br />1,617 506-__
<br />L.62,4§42
<br />418,633 j
<br />753;4_:17 ,
<br />iTotal Expenses
<br />21,715,751 ,
<br />22,666,724 !
<br />23,405,327
<br />25,629,972
<br />=24,931,648
<br />25,757,954 !
<br />26,681,335
<br />IEndinaBalance -December3l,
<br />7,984,137 ;
<br />7,069,212
<br />7,276,497'
<br />5;978,338=(=
<br />5789,518
<br />5,517,391 ;
<br />5,019,857
<br />-Capital Revenue and Expenditures
<br />2014
<br />2015
<br />2018 =
<br />2017
<br />2018 2019 2020
<br />w Beginning Balance -January 1,
<br />622,060
<br />670,168
<br />716,919-1-_
<br />24e,919
<br />246,918 246,918 246,918
<br />;Capital
<br />Revenue
<br />_-
<br />Federal Sec.5307 Grants
<br />198,789
<br />6,454
<br />-70,022
<br />70,022
<br />70,022
<br />Federal Sec.5309 Grants
<br />12,962
<br />-
<br />- -
<br />Federal Sec.5339 Grants
<br />_
<br />;-
<br />221,565 -
<br />FTA Formula Grants
<br />-
<br />746.9R.
<br />Transfer From Operating Reserve
<br />206,882
<br />=
<br />217,506 !
<br />1,617,506 !
<br />62,886
<br />Sale of assets_
<br />--
<br />2,000,000
<br />Total Available !
<br />418,633 j
<br />753;4_:17 ,
<br />2,287,528 ',
<br />1,687,528
<br />354,473 -
<br />Expenditures
<br />_
<br />'System PRM (Provide Detail)
<br />Paratransit Fleet Replacement
<br />i =
<br />-
<br />350,000
<br />266,945
<br />Operations Base Roof Repair-'_
<br />20,000
<br />f
<br />Camera Equipment Upgrade EaFSt
<br />_- -__
<br />!,
<br />300,000
<br />-
<br />Bus Maintenance Equipment
<br />112;303 j
<br />- -
<br />Radio System Upgrade
<br />Computer 8: Technology Upgrades
<br />18,386
<br />155,937
<br />Transit Enhancements _
<br />72,634
<br />New Operations Base
<br />2,000,000
<br />1,600,000
<br />-
<br />Everett Station remodel
<br />-
<br />550,729
<br />87,528
<br />87,528
<br />87,528_
<br />System Expansion (Provide Detail)
<br />Everett Station Parking Garage
<br />165,018
<br />-
<br />-
<br />-
<br />-
<br />Total Capital Obligations
<br />370,525
<br />706,666
<br />2,757,528
<br />1,687,528
<br />354,473
<br />Ending Balance -December 31,
<br />670,168:
<br />716,919
<br />246,919
<br />246,918
<br />246,918 246,918 246,918
<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 Farebox revenues until 2020.
<br />3. There is no anticipated growth in sales tax mitigation, Everett Station revenue and other miscellaneous revenues from 2016-2020.
<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
<br />share 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
<br />and use 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 />E%ereit fr2nsit2015 TDP 10
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