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HomeMy WebLinkAboutTRANSPO Budget PresentationTranspo 2020 Budget Presentation 2024 Budget Presentation AMY HILL –General Manager & CEO CHRIS KUBASZAK -Controller Brief Overview ▪108 Employees ▪Local, State, Federal Funding ▪50 fixed route buses ▪20 paratransit vans ▪Serving the cities of South Bend & Mishawaka 2023 At A Glance Accomplishments ▪Fleet Replacement Program▫10 Fixed Route Replacement Buses –total of 50 CNG buses▫100% CNG as of May 2023 ▪CONNECT Transit Plan▫Regional Partnership with MACOG (Interurban Trolley) for comprehensive operational analysis resulting in a Short-Term Network & Additional Funding Network▪Technology Upgrades▫Security Camera System Replacement at all facilities▫Fixed Route Technology –real time information, bus tracking and automated next stop / ADA announcements coming soon 2023 At A Glance Accomplishments ▪Expanded Ridership Programs▫University of Notre Dame, Saint Mary’s College, Holy Cross College, IU South Bend, Ivy Tech Community College▫South Bend Community School Corporation, School City of Mishawaka, Purdue Polytechnic High School, Saint Joseph High School ▪National Transit Operator / Maintenance Shortage▫Increased hiring with new CBA effective in August 2023▫Dramatically reduced the number of missed trips and maintained service levels 2024 Revenue Local Tax Revenue (38%) State Assistance (18%) Federal Operating Assistance (19%) Federal Prev. Maint. (10%) Passenger Fares (11%) Lease Revenue (2%) Advertising/Interest/Misc. (2%) 2024 Budget -$12,231,451 2024 Expenses Wages (57%) Benefits (21%) Fuel Expense (5%) Utilities/Insurance (8%) Services (6%) Materials/Supplies (2%) Misc Expenses (1%) 2024 Budget -$12,231,451 Operating Expenses 2020 2021 2022 2023 2024 Operating Expense 11,284,514 10,200,358 10,376,971 11,867,376 12,231,451 10,000,000 10,250,000 10,500,000 10,750,000 11,000,000 11,250,000 11,500,000 11,750,000 12,000,000 12,250,000 12,500,000 Labor Expenses 2020 2021 2022 2023 2024 Labor 5,628,934 5,785,880 6,063,960 6,482,647 6,899,321 5,000,000 5,250,000 5,500,000 5,750,000 6,000,000 6,250,000 6,500,000 6,750,000 7,000,000 Local Income Tax ($200,000) ($100,000) $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 2020 2021 2022 2023 2024 LIT Funding LIT Funds Funding Var. From Prior Year Challenges ▪Staffing Shortage ▪Actively recruiting fixed route operators, mechanics and service line ▪Funding Uncertainty ▪Local Funding▪Indiana’s Public Mass Transportation Fund (PMTF) ▪Long-term Federal Funding for Public Transportation ▪Increasing Employee Expenses –insurance, benefits Challenges ▪Ridership Recovery ▪Prior to March 2020, Transpo had five months of increasing ridership ▪Dramatic decrease in ridership due to COVID-19 2019 –1,507,077 2020 –889,110 2021 –937,678 2022 –1,085,303 2023 –655,731 through July (up 9.75%) Requests for additional service Opportunities ▪CONNECT Transit Plan –connecttransitplan.com ▪Short-Term Network implementation –spring 2024 ▪Outreach / Partnerships to increase accessibility across the region ▪Employment Opportunities ▪Drivers, Mechanics, Service Line, Administrative positions Transpo 2020 Budget PresentationThank you! AMY HILL –General Manager & CEO CHRIS KUBASZAK -Controller