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HomeMy WebLinkAbout09-23-2023 2027-Transpo Budget Presentation FILEDBrief Overviewƒ105 EmployeesƒLocal, State, Federal Fundingƒ48 fixed route busesƒ20 paratransit vansƒServing the cities of South Bend & Mishawaka 2026 At A GlanceAccomplishmentsƒNational Transit Operator / Maintenance ShortageƓIncreased hiringƓImprovements to ADA serviceƒRTA Fleet Success Award for Risk ManagementƓRecognition at Connect event in OctƓImproving ticket issue and down time 2027 Revenue Local Tax Revenue (41%)State Assistance (16%)Federal Operating Assistance (18%)Federal Prev. Maint. (10%)Passenger Fares (12%)Lease Revenue (1%)Advertising/Interest/Misc. (3%)2027 Budget - $12,696,533 2027 ExpensesWages (56%)Benefits (21%)Fuel Expense (4%)Utilities/Insurance (8%)Services (7%)Materials/Supplies (3%)Misc Expenses (1%)2027 Budget - $12,696,533 Operating Expenses2022 2023 2024 2025 2026 2027Operating Expense10,376,971 11,867,376 12,231,45112,247,942 12,476,365 12,696,53310,000,00010,250,00010,500,00010,750,00011,000,00011,250,00011,500,00011,750,00012,000,00012,250,00012,500,00012,750,00013,000,000 Labor Expenses2022 2023 2024 2025 2026 2027Labor6,063,960 6,482,647 6,899,321 6,890,524 6,888,585 7,119,3216,000,0006,250,0006,500,0006,750,0007,000,0007,250,000 ChallengesƒFunding UncertaintyƒLocal Funding-SB-1 and Lit TaxƒIndiana’s Public Mass Transportation Fund (PMTF) ƒLong-term Federal Funding for Public TransportationƒIncreasing ExpensesƓOperational & Capital costsƓInsurance costs Community ValueƒTranspo has over 100 employeesƒState Public Mass Transit FundƒFederal funds ƒContribute back to local businesses Levy ƒPProjectedd Cashh floww forr Levy2027 2028Gross Levy 6,340,460 6,467,269 Circuit Breaker Tax Collections (2,047,660) (2,591,047)Net Est Property Tax 4,292,800 3,876,222 Ridership ValueƒHistorical Ridership Year 2026 YTD AUG 2025 2024 2023 2022Fixed Route 738,265 1,068,531 1,179,193 1,070,999 986,019 Access 36,884 58,195 59,101 61,079 60,520 Total 775,149 1,126,726 1,238,294 1,132,078 1,046,539 ADA 36,884 58,195 59,101 61,079 60,520 School 252,940 411,261 430,066 392,830 367,432 289,824 469,456 489,167 453,909 427,952 Percent of Ride 37%42% 40% 40% 41% OpportunitiesƒEmployment OpportunitiesƒDrivers, Mechanics, Service LineƒImprovements in fixed route and access departments Transpo 2020 Budget PresentationThank you!CHRIS KUBASZAK – General Manager & CEO