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AM trans P o <br />IF <br />2017 OPERATING BUDGET ASSUMPTIONS <br />REVENUES: <br />Federal, State, and Local: Historically, Transpo has been successful in securing <br />capital funds through Federal Capital Grants for major capital projects; however, <br />opportunities are becoming less common. Transpo continues to avail ourselves of <br />annual federal capital formula grant funds toward preventative maintenance and <br />operating assistance, such funds available for the operations budget. In 2017, the State <br />of Indiana has fixed a PMTF rate for the next two years and has made it a line item in <br />the State's Budget. We based the 2017 PMTF revenue on 2016 actual approved <br />budget. This caused our budget figure to increase by $45,082 from the 2016 budget. <br />Property Tax revenue was budgeted at a $168,843 increase from the prior year. <br />Ridership and Leases: Farebox revenues from regular services include a slight <br />decrease from our 2016 budgeted levels. Transpo Access has realized an increase in <br />ridership since 2008 and is expected to continue this trend in future years. <br />EXPENSES: <br />Employee Wages and Benefits: For 2017, Transpo budgeted, a slight increase in <br />wages for employees. Employee benefits reflect an estimated 6.68% increase over <br />2016. This increase is mainly due to an estimated increase of ten percent in health <br />insurance premiums and other employee benefits outlined in the collective bargaining <br />agreement and contingencies for future premiums given their historical trends. <br />Vehicular and Operating: Vehicular and other insurances costs will be maintained at <br />the 2016 budget. Diesel fuel has been budgeted at an average of $2.00 per gallon and <br />gasoline at $2.20 per gallon. In 2016, Transpo received an additional three CNG fueled <br />vehicles, increasing our total CNG vehicles to nineteen. Transpo budgeted a decrease, <br />in its overall fuel cost of $80,730. This decrease in fuel expenses should continue as <br />more fixed route vehicles are converted to CNG. <br />Utilities: Utility costs were budgeted with an increased from the 2016 forecasted levels. <br />Marketing: Marketing contracts, services, and advertising placement accounts have not <br />been changed from 2016 budgeted figures. <br />4 <br />