Transcript Gold Country Stage 2012/13 Budget

2014/15 Budget
Nevada County Department of Public Works
Transit Services Division
March 2014
Transit Services….
Rolling Forward on a Positive Path
Initial Service Assumptions FY 2014-15
• 14.0 full time employees (FTE)
• 11,600 temporary driver hours
• Continued fixed route and paratransit Saturday
service
• Extension of service hours until 8:00 p.m. MondayFriday
• Minimal GCS route efficiency adjustments (no service
reductions)
FY 2014-15 Revenue
Revenue Assumptions
• $2,479,140 in operational revenue representing:
►100 % of FY 2014/15 Local Transportation Fund
(LTF) revenue ($1,680,836)available to the
County and the Cities of Grass Valley and Nevada
City dedicated to Transit .
► $ 85,000 (estimated) in Article 4.5 Consolidated
Transportation Service (CTS) funds dedicated to
use in supporting mandated paratransit services.
► $308,978 in reserve revenues directed to service
hour expansion and operations expenses.
• $800,000 in State Prop 1B funds for approved capital
projects.
Revenue Assumptions (cont’d)
• $232,140 in Section 5316 JARC funding for support of
Saturday service.
• $294,000 of combined transit and paratransit fare
revenue (does not include any proposed fare
increase.)
• $350,000 in Federal Transit Assistance Section 5311
operational funding.
• $68,000 from the renewal of the Placer County
Route 5 agreement.
• $34,304 in combined revenue from interest,
miscellaneous charges and transfers.
Operations Revenue Trends
FY 2014-15 Expenses
FY 2014-15 Expenses Assumptions
• $143,340 increase in Class 1 expenses reflecting
salary and benefits (one additional FTE, increased
Temp hours, three FTE step increases) and
health/employment insurance costs.
• $10,618 increase in maintenance costs as a result of
anticipated fuel usage and price increases.
• Up to a $120,000 increase in projected Paratransit
services cost due to service hours increase and rate
adjustment.
Expenses Assumptions (cont’d)
• $130,849 increase in CDA overhead due to the
transfer of the Accounting Tech position from Transit
to CDA and increased fiscal and administration
expenses.
• $2,450 decrease in Department of Public Works
administration expense.
• $40,455 increase in the cost allocation plan A87
expense reflecting undercharges in FY2012/13
Transit budget, increased use of other County
departments and an overall larger Transit budget.
Operations Expenses Trends
Capital Projects Expense FY 14/15
• Prop 1B-PTMISEA
Bus Stop Improvements
• Prop 1B – PTMISEA
Vehicle Replacement
• Prop 1B PTMISEA–
Transit Technology
TOTAL
$250,000
$300,000
$250,000
$ 800,000
Transit Revenue Reserves
Projections
FY 13/14
(Budget)
FY 14/15
FY 15/16
FY 16/17
FY17/18
End of Year Reserve
$3,271,789
$2,997,988
$2,652,690
$2,196,461
$1,666,716
.
Recommended
$1,125,000
$1,125,000
$1,125,000
$1,125,000
•Reserve
The remaining
revenue
reserve
balance $1,125,000
will be available
for for
service
with $1,527,690 $1,071,461 $541,716
Available
Service expansion
$2,146,789
$1,872,988
Expansion
• The TSC approved establishment of an ongoing reserve of
$1,125,000 that includes operational, vehicle replacement and
cash flow revenue.
• Revenue reserve balance is also available for service expansion.
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