Transcript Document

FY2015 Capital Budget Amendment Overview
Wednesday, February 11, 2015
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Proposed Capital Budget Amendment
• Chapter 451 of the Texas Transportation Code permits the
Board of Directors to amend the budget after public notice
and a hearing.
• The table below provides a summary of the proposed
capital budget amendment, followed by additional
background information in subsequent slides.
Proposed
Amount
Description
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Funding
Source
Rail cars
$ 4,000,000
TxDOT grant
Downtown station
Improvements
$
TxDOT grant
Project carryover funds
from FY2014
$ 1,839,904
Total proposed amendment
$ 6,346,904
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507,000
Fund balance
TxDOT Rail Projects
• On June, 26, 2014, TxDOT approved the award of $50
million to Capital Metro for:
– Purchase of new rail cars for MetroRail service
– Construction of a permanent and larger rail station in downtown Austin
• In January 2015, these funds paid to Capital Metro
• Proposed budget amendment includes funding for
FY2015 estimated project spending:
– Rail cars
– Downtown station improvements
$4,000,000
$ 507,000
• Staff also recommends updating Five-Year Capital Plan
to reflect estimated project spending in outer years:
– FY2016
– FY2017
– FY2018
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Rail Cars
$ 20,580,000
$
3,220,000
$
-0-
Downtown Station
$
2,400,000
$ 13,300,000
$
5,793,000
Carryover Funds
• Under current practice, project managers forecast
expenses for capital projects each fiscal year.
• At the close of each fiscal year, forecasted expenses are
reconciled to actual expenses.
• This reconciliation resulted in $1.8 million of carryover
funds from FY2014 to FY2015.
– Continuation of 40 capital projects previously approved
• The $1.8 million will be funded from fund balance.
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Capital Budget Amendment
Details
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Project
Bus Benches
Bus Shelters
Bus Stop Accessibility Improvements
Bus Stop Litter Containers
Bus Stop Signage
Digital Clocks for Techridge Park & Ride
Fitness Equipment
Fuel System Upgrade
Headquarters Facility - Shop Lighting
MetroBike Shelters
MetroBike Shelters
North Lamar Transit Center Facility Enhancements
Oakhill Park and Ride Replacement
Rail Maintenance Building Drainage
Rail Maintenance Building Ventilation System
Video Development Equipment
Financial System
Intelligent Transportation Systems (ITS) Project
Interactive Voice Response (IVR) System Replacement
IT Infrastructure Equipment
Network Upgrades
OrbCAD Test System
Productivity Software
Risk Management System
ServiceNow System
MetroRapid Dedicated Transit Lane
MetroRapid Project
Crossings Improvements Reimbursed by TxDOT
East End Rail Track Rehabilitation - 90 LB
Positive Train Control
Private Crossing Signalization at MP 69.04
Railroad Bridge Repair/Upgrade
Saltillo Track Relocation
Tiger Grant Project
Rail Cars Funded by TxDOT
Downtown Station Improvements Funded by TxDOT
Diesel Multiple Unit (DMU) Security Cameras Upgrade
Security Camera Software Replacement
High-Rail Vehicles
ITS equipment and Dynamic Message Signs Vehicle Spare Parts
Paratransit Vehicle Replacement
Radio Communication System Replacement
Total
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Type
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
Facilities
IT
IT
IT
IT
IT
IT
IT
IT
IT
MetroRapid
MetroRapid
Rail
Rail
Rail
Rail
Rail
Rail
Rail
Rail
Rail
Security
Security
Vehicles
Vehicles
Vehicles
Vehicles
FY2015
Proposed Budget
FY2015
Original Budget
Amendment Amended Budget
100,000
2,262
102,262
125,000
46,027
171,027
1,855,550
1,124,440
2,979,990
100,000
3,594
103,594
791,769
(98,728)
693,041
35,000
35,000
13,747
(1,074)
12,673
35,000
(2,598)
32,402
133,956
(45,578)
88,378
55,000
55,000
150,000
150,000
250,000
250,000
140,329
140,329
45,000
45,000
45,000
45,000
45,000
(31,159)
13,841
2,313,489
726,737
3,040,226
7,656,938
(685,362)
6,971,576
699,066
(259,511)
439,556
300,000
16,141
316,141
350,000
5,111
355,111
75,000
16,479
91,479
214,199
143,544
357,743
46,850
46,850
44,952
44,952
50,000
50,000
11,566,018
(1,935,497)
9,630,521
105,757
480,000
585,757
639,994
(5,668)
634,326
2,095,226
(19,707)
2,075,519
200,000
(100,000)
100,000
383,021
43,740
426,761
4,217,707
878,291
5,095,998
3,262,443
59,960
3,322,403
200,000
4,000,000
4,200,000
507,000
507,000
163,620
(16,184)
147,436
16,293
16,293
13,710
13,710
100,000
150,000
250,000
375,000
(44,764)
330,236
650,000
497,276
1,147,276
38,767,500
6,346,904
45,114,404
Budget Amendment Calendar
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•
•
•
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Feb 1
Feb 11
Feb 11
Feb 23
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Public hearing notice published
Finance & Audit Committee review
Public hearing at noon
Board of Directors consideration
Questions
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