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HomeMy WebLinkAbout14. 2017 Budget Presentation Hearing Session V - TRANSPOSouth Bend Public Transportation Corporation (TRANSPO) September 6, 2016 TABLE OF CONTENTS POWERPOINT PRESENTATION ......................................................................... 2-9 TRANSPO BUDGET DETAIL ............................................................................. 10-27 1 9/6/2016 2017 BUDGET PRESENTATION DAVID CANGANY GENERAL MANAGER & CEO 2017 At A Glance Transpo 2017 Operating Budget -$10,869,199 No changes in service No fare increase 2 9/6/2016 2017 Expenses Wages (53%) Benefits (22%) Fuel Expense (7%) Services (5%) Utilities/Insurance (5%) Bus Loan (5%) Materials/Supplies (3%) Operating Expenses 2010 2011 2012 2013 20 14 2015 2016 2017 Operating Expense 9,925,005 10,635,365 10,325,963 9,996,139 10,138,068 10,438,116 10,845,892 10,869,199 9,50 0,000 10,000,000 10,500,000 11,000,000 3 9/6/2016 Labor Expense 2010 2011 2012 2013 2014 2015 2016 2017 Labor 5,119,825 5,253,795 4,941,995 4,946,325 5,063,271 5,077,761 5,416,098 5,806,671 4,750,000 5,000,000 5,250,000 5,500,000 5,750,000 6,000,000 Health & Dental Insurance 2010 2011 2012 2013 20 14 2015 2016 2017 Health & Dental Insurance 945,219 95 9,755 1,094,359 1,145,705 1,203,653 1,222,278 1,428,047 1,545,965 900,000 950,000 1,000,000 1,050,000 1,100,000 1,150,000 1,200,000 1,250,000 1,300,000 1,350,000 1,400,000 1,450,000 1,500,000 1,550,000 1,600,000 4 9/6/2016 Fuel 2010 2011 2012 2013 2014 2015 2016 2017 Fuel 1,120,055 1,424,734 1,21 7,527 949,518 1,103,363 1,151,263 806,392 727,123 600,000 650,000 700,000 750,000 800,000 850,000 900,000 950,000 1,000,000 1,050,000 1,100,000 1,150,000 1,200,000 1,250,000 1,300,000 1,350,000 1,400,000 1,450,000 1,500,000 2017 Revenue Sources Local Tax Revenue (32%) State Assistance (19%) Federal Opertaing Assistance(17%) Federal Prev. Maint. (15%) Passenger Fares (14%) Lease Revenue (2%) Advertising/Interest/M isc. (1%) 5 9/6/2016 Passenger Revenue 2010 2011 2012 2013 2014 2015 2016 2017 Fares 1,3 90,3 53 1,401,657 1,42 7,740 1,432,235 1,418,049 1,408,767 1,504,253 1,469,079 1,250,000 1,300,000 1,350,000 1,400,000 1,450,000 1,500,000 1,550,000 Property Tax Assistance 2010 20 11 2012 2013 2014 2015 2016 2017 Property Tax Appropriation 2,445,397 2,714,035 2,842,622 2,641,603 2,670,133 2,649,665 2,675,000 2,883,701 2,000,000 2,250,000 2,500,000 2,750,000 3,000,000 3,250,000 6 9/6/2016 State Operating Assistance (PMTF) 2010 2011 2012 2013 2014 2015 2016 2017 PMTF 2,683,523 2,499,114 2,883,983 2,128,813 1,974,543 1,96 5,891 1,984,401 2,029,483 1,750,000 2,000,000 2,250,000 2,500,000 2,750,000 3,000,000 Federal Operating Assistance 2010 2011 2012 2013 201 4 2015 2016 20 17 Fed. PM/Oper. Assist. Grant1,535,769 1,519,715 1,511,622 1,725,130 2,256,301 2,25 9,351 3,421,866 3,515,000 1,400,000 1,650,000 1,900,000 2,150,000 2,400,000 2,650,000 2,900,000 3,150,000 3,400,000 3,650,000 7 9/6/2016 2017 Challenges •Aging Bus Fleet •Uncertainty of Federal Funding •Uncertainty of State Funding (PMTF) •Exploring Ways to Reduce Expenses •Preparing for 2018 Property Tax Caps 2017 Priorities •Designated Bus Stops •University and Educational Contracting Opportunities •Workforce Development Partnerships •Fleet Modernization Project•Local Share on Federal Grants 8 9/6/2016 Thank You! Questions? 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27