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HomeMy WebLinkAboutY. 2014 Budget Hearing Session 7: Transpo Presentation 09-16-132014 Budget Presented by: Chris Kubaszak, Controller David Cangany, General Manager 2014 At A Glance • TRANSPO 2014 Operating Budget: $9,798,576 • 2014 Budget is balanced • 2013 Service level is maintained 2014 Expenses ❑ Wages (52 %) ❑ Benefits (20 %) ❑ Fuel Expense (11 %) ❑ Services (8 %) ® Utilities /Insurance (5 %) ❑ Materials /Supplies (3 %) ❑ Miscellaneous /Capital (1 %) 3 Operating Expenses 5,500 000 5,OOC 4,50C i Kil 3,50C Labor Expense ,000 ,000 ,000 ,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 Labor 4,648,234 4,964,930 5,212,627 5,163,055 5,119,825 5,253,795 4,941,995 4,959,440 5,063,271 Health and Dental Insurance 1,575,000 1,525,1 1,475,1 1,425,1 1,375,1 1,325,1 1,275,1 1,225,1 1,175,1 1,125,1 1,075,1 1,025,1 975,1 925,1 875,1 825,1 Fuel )00 )00 )00 )00 )00 )00 )00 )00 )00 )00 AF ■ )00 )00 )00 ■ )00 )00 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fuel 1,022,598 1,150,393 1,544,463 842,166 1,120,055 1,424,734 1,217,527 949,518 1,103,363 2014 Revenue Sources 0 Local Tax Revenue (31 %) ❑ State Assistance (23 %) ❑ Federal Prev. Maint. (20 %) ❑ Passenger Fares (16 %) ❑ Lease Revenue (2 %) ❑ Federal Opertaing Assistance(4 %) ❑ Advertising/Interest /Misc. (3 %) Passenger Revenue 9 vow �e Property Tax Assistance 10 3,000 000 2,750 2,500 2,250 2,000 1,750 State Operating Assistance( PMTF) ■ ,000 ■ ,000 ■ ,000 ■ ,000 '000 2007 2008 2009 2010 2011 2012 2013 2014 PMTF 2,201,749 2,778,496 2,889,233 2,683,523 2,499,114 2,883,983 2,400,000 2,100,000 Federal Operating Assistance 2014 Challenges • Purchase of Revenue Service Vehicles •State level funding (PMTF) • Controlling expenses • Labor Contract Expires 10/31/14 13 2014 Priorities • Implementation of dedicated bus stop system . • Maintain and expand service opportunities with local universities and educational organizations. •Aging Bus Fleet - Managing high cost of maintaining aging fleet - Local share on capital projects 14 _ �� Thank You