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-I 1 <br /> trans o <br /> { <br /> 2018 OPERATING BUDGET ASSUMPTIONS <br /> REVENUES: <br /> Federal, State, and Local: In the past, Transpo has been successful in securing <br /> adequate funding through Federal Capital Grants for major capital projects; however, <br /> funding opportunities are decreasing. Transpo is able to continue to avail ourselves of <br /> annual federal capital formula grant funds toward preventative maintenance and <br /> operating assistance, such funds available to the operations budget. In 2018, the State <br /> of Indiana has fixed PMTF rate for the next two years and has made it a line item in the <br /> State's Budget. We based the 2018 PMTF revenue on discussion with Indiana <br /> Department of Transportation. This caused our budget figure to be increase by <br /> $101,475 from the 2017 budget. Property Tax revenue was budgeted at $51,386 <br /> increase from the prior year. <br /> Ridership and Revenue: Transpo has entered into new contracts with Notre Dame and <br /> St. Mary's College's in 2017 that have provided increases in farebox revenues. Transpo <br /> is also looking into other options to increase future revenues, for example the DTSB <br /> Game Day express that will begin this fall. 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 2018, Transpo budgeted, a slight decrease in <br /> wages for employees. Employee benefits reflect an estimated decrease of 10.63% from <br /> 2017 budget. This decrease is mainly due to changing health insurance carriers in <br /> 2017. <br /> Vehicular and Operating: Vehicular and other insurances costs will be maintained at <br /> the 2017 budget. Diesel fuel has been budgeted at an average of $2.00 per gallon and <br /> gasoline at $2.00 per gallon. In 2017, Transpo received an additional three CNG fueled <br /> vehicles, increasing our total CNG vehicles to twenty-two. Transpo budgeted a <br /> decrease, in its overall fuel cost, of $86,605. This decrease in fuel expenses should <br /> continue to as more of fixed route vehicles are converted to CNG. <br /> Utilities: Utility costs were budgeted with an increased from the 2017 forecasted levels. <br /> Marketing: Marketing contracts, services, and advertising placement accounts have not <br /> been changed from 2017 budgeted figures. <br /> 4 <br />