Virginia Railway Express
Recommended Budget
For Fiscal Year 2015
and
Amended Budget
For Fiscal Year 2014
December 20, 2013
Page |2
Table of Contents
Recommended FY 2015 Budget
Mission Statement
3
Fiscal Year 2015 Goals
3
Fiscal Year 2015 Budget Assumptions
4
Local Subsidy Calculation from Oct 2013 Survey
6
Source and Use Statement
7
FY 2015 Budget Worksheet
8
Proposed Capital Improvement Program FY 2015 – FY 2020
10
Six-year Financial Forecast Assumptions
30
Six-year Financial Forecast Worksheet
31
Amended FY 2014 Budget
Amended FY 2014 Budget Assumptions
32
Fiscal Year 2014 Revised Budget Worksheet
35
Page |3
Mission Statement
The Virginia Railway Express, a joint project of the Northern Virginia
Transportation Commission and the Potomac and Rappahannock Transportation
Commission, will provide safe, cost-effective, accessible, customer-responsive,
reliable rail passenger service as an integral part of a balanced, intermodal
regional transportation system.
Goals for Fiscal Year

Achieve at least a 50 percent operating ratio (cost recovery).

Operate trains on time at least 95 percent of time.

Achieve at least 19,200 average daily ridership

Strive to attain the following financial ratios over the course of the SixYear Plan :

Debt service as a percent of annual budget not greater than 20%

Working capital reserves that are on average not less than 2
months of operating expenditures, with a goal of increasing to 3
months over a 10 year period

Percent of pay-as-you-go financing equal to a minimum of 20% of
the total funded portion of the capital program over the term of the
capital program

Risk management reserves equal to amounts imposed by the
Commonwealth, currently set at $10 million.
Page |4
Budget Assumptions
Major Assumptions in FY 2015 Budget:
1. Subsidy level of $16,428,800; no increase from the FY 2014 subsidy.
2. No fare increase is requested.
3. State funding for operations is projected at the FY 2014 amount of
$10.3M. The state capital match is tiered but the majority of the capital
projects are budgeted at 16% of gross.
4. Average daily ridership of 19,200 assumes a 34 revenue train operation
and an overall 36 train schedule.
5. No fare increase is proposed. Fare revenue is budgeted at $36.9M.
6. Keolis contract costs are budgeted at a net increase of $1.2M to reflect a
CPI increase of 3.5% and the addition of one Fredericksburg line train for
nine months.
7. Amtrak costs for mid-day storage and services are increased by $124,000
to reflect current contract provisions and the estimated increase to the
AAR index.
8. Fuel cost projections are in the amount of $5.9M, based on a cost per
gallon of $3.50 and the addition of the Fredericksburg line train.
9. Included is $12.8M of track access funding for total grants of 82% of costs.
Sources by Jurisdiction:
Jurisdiction
Fairfax County
Fredericksburg
Manassas
Manassas Park
Prince William County
Stafford County
Spotsylvania County
Alexandria
Arlington
Total
FY 2014
$ 4,747,684
427,728
757,804
574,709
5,748,203
2,529,281
1,313,600
133,894
195,897
$ 16,428,799
FY 2015
$ 4,852,953
581,244
686,944
401,762
5,485,333
2,689,391
1,401,382
133,894
195,897
$ 16,428,799
Net
$ 105,269
153,516
(70,860)
(172,947)
(262,870)
160,110
87,782
$
-
Percent
2.2%
35.9%
-9.4%
-30.1%
-4.6%
6.3%
6.7%
0.0%
0.0%
Page |5
Source and Use of Funds
Fare Increase
Subsidy Increase
Number of Trains
Average Daily Ridership
Sources
Fare Revenue
Local Subsidy
Jurisdictions - Capital Programs
State Operating Grant
State Capital Grant used for Debt and Other
State Capital Grant used for Capital Programs
Federal/State Capital Funding for Track Access
Federal Capital Grant used for Debt and Other
Federal Capital Grant used for Capital Programs
Other Income
Total Sources
Uses
Operating Expenses
Debt Service
Federal Capital Program
Operating Reserve and Other
Total Uses
0%
$
34
19,200
$
$
$
$
36,900,000
16,428,800
3,508,800
10,300,000
1,056,708
12,421,400
12,794,050
5,803,542
24,356,000
4,420,301
127,989,601
74,310,199
6,714,869
46,410,000
554,533
127,989,601
Six-Year Financial Plan
The final FY 2015 budget recommendation includes a six-year financial plan as
required by the Master Agreement. The six-year financial plan was reviewed with
the CAO Budget Task Force. The VRE capital planning process reflects current
priorities identified by the Operations Board as well as long-term planning
assumptions through 2025 as outlined in the draft System Plan.
Virginia Railway Express Allocation Data
October 23, 2013 Survey - Proposed FY 2015 Budget
Jurisdictions
12/4/13 S&U
No Fare Increase No Subsidy Increase
[Col 1]
Population
2012 Update
========
Contributors:
[Col 2]
[Col 3]
[Col 4]
[Col 5]
Population
%
========
Contributors' Potential
Share of Net Costs
%
========
Contributors' Potential
Share of Net Costs
$
========
Contributors' Maximum
Share of Net Costs
0.6582%
0.9849%
Alexandria
Arlington
147,391
220,565
6.5816%
9.8491%
Contributors' Total
367,956
16.4306%
[Col 7]
Population
2012 Update
========
Participants:
========
$330,887
$495,159
12/19/2013
[Col 6]
[Col 6a]
========
========
$133,894
$195,897
[Col 8]
[Col 9]
[Col 10]
[Col 11]
[Col 12]
Population
%
========
October
Survey
Participants'
AM Ridership
========
100 WeightParticipants'
Ridership
%
========
Participants'
Participants'
Normalized
% Population
========
2,351
461
443
253
3,292
1,938
1,111
23.87%
4.68%
4.50%
2.57%
33.43%
19.68%
11.28%
23.87%
4.68%
4.50%
2.57%
33.43%
19.68%
11.28%
#DIV/0!
#DIV/0!
Aggregate
% of Costs
========
Fairfax County
Fredericksburg
Manassas
Manassas Park
Prince William County
Stafford County
Spotsylvania
1,112,325
26,024
39,902
14,838
421,164
132,719
124,526
49.67%
1.16%
1.78%
0.66%
18.81%
5.93%
5.56%
59.44%
1.39%
2.13%
0.79%
22.50%
7.09%
6.65%
Participants' Total
1,871,498
83.57%
100.00%
9,849
100.00%
100.00%
Population Total
2,239,454
100.00%
[Col 12]
(repeated)
[Col 13]
[Col 14]
[Col 15]
[Col 16]
[Col 17]
[Col 18]
Gross Costs
$
========
State Aid
Interest &
Misc Income
$
========
"System"
Fare Revenue
$
========
Net
Costs
$
========
Contributors'
Payments
Lesser of
Col 6 or 4
========
$133,894
$195,897
Participants'
Net
Costs
$
========
Costs
Participants'
Aggregate
%
========
Alexandria
Arlington
Fairfax County
Fredericksburg
Manassas
Manassas Park
Prince William County
Stafford County
Spotsylvania
23.87%
4.68%
4.50%
2.57%
33.43%
19.68%
11.28%
$30,568,478
$5,991,047
$5,759,530
$3,291,946
$42,810,045
$25,204,338
$14,449,217
$17,840,113
$3,496,444
$3,361,328
$1,921,217
$24,984,431
$14,709,540
$8,432,728
$728,917
$142,859
$137,338
$78,498
$1,020,821
$601,007
$344,547
Total
100.00%
$128,074,601
$74,745,801
$3,053,986
Subsidy
Calculation
[Col 19]
[Col 20]
Oct Survey
Particpants'
Fare Revenue
%
========
Participants'
Fare Revenue
$
========
[Col 18]
(repeated)
Participants'
Net
Costs
$
========
Alexandria
Arlington
$11,920,735
$2,336,318
$2,246,034
$1,283,754
$16,694,556
$9,828,891
$5,634,735
$50,274,814
[Col 22]
[Col 23]
[Col 24]
Proposed
FY 2015
Budget Based
on 10/23/13 Survey
========
$133,894
$195,897
Actual
FY2014
Subsidy
========
$133,894
$195,897
Net Change
$
========
$0
$0
Net Change
%
========
0.00%
0.00%
$105,269
$153,516
($70,860)
($172,947)
($262,870)
$160,110
$87,782
2.22%
35.89%
-9.35%
-30.09%
-4.57%
6.33%
6.68%
20.882%
5.185%
4.606%
2.606%
33.118%
21.094%
12.508%
$7,067,782
$1,755,074
$1,559,090
$881,992
$11,209,223
$7,139,500
$4,233,353
$11,920,735
$2,336,318
$2,246,034
$1,283,754
$16,694,556
$9,828,891
$5,634,735
$4,852,953
$581,244
$686,944
$401,762
$5,485,333
$2,689,391
$1,401,382
$4,747,684
$427,728
$757,804
$574,709
$5,748,203
$2,529,281
$1,313,600
Total
100.0000%
$33,846,014
$49,945,023
$16,428,800
$16,428,800
[Col 25]
Participants Residents'
"System-wide"
2015 $
33,846,013.79
3,053,986.21
36,900,000.00
6
$49,945,023
[Col 21]
Fairfax County
Fredericksburg
Manassas
Manassas Park
Prince William County
Stafford County
Spotsylvania
Fares
$329,791
$0
0.00%
FY15 Sources and Use
Leases
LEVEL OF SERVICE FOR FY15
34 trains
15,602,500
15,602,500
19,200 average daily riders
Total Access Fees
|--LOCAL--|
USES OF
FUNDS
Operating Expenses
74,310,199
FARE
INCOME
INTEREST
36,900,000
15,300
MISC
LOCAL
SUBSIDY
165,000
11,375,849
SOURCES OF FUNDS
|-----------------STATE -----------------|
OTHER
SOURCES
OTHER
SOURCES
STATE
OPERATING
2,000,000
240,000
10,300,000
STATE
CAPITAL
2,652,425
Amtrak
NS
CSXT
Total
6,000,000
3,210,000
6,392,500
15,602,500
|----------------FEDERAL------------------|
STATE
STP
5307/5337
10,141,625
OTHER
TOTAL
520,000
74,310,199
Non-Operating Expenses:
Operating Reserve
Debt Svc (Gallery IV) (11 Cabcars)
Debt Svc 60 Railcars (Local)
Debt Svc 60 Railcars (Fed/State/Local)
554,533
1,931,357
110,442
4,673,071
554,533
77,254
110,442
186,923
Non-Operating Summary
7,269,402
0
0
0
929,151
Total Expenses (Subtotal)
81,579,601
36,900,000
15,300
165,000
12,305,000
309,017
747,691
2,000,000
554,533
1,931,357
110,442
4,673,071
1,545,086
3,738,457
0
0
1,056,708
0
5,283,542
0
7,269,402
240,000
10,300,000
3,709,133
10,141,625
5,803,542
0
81,579,601
Capital Projects:
Facilities Infrastructure
Positive Train Control
Rolling Stock - Non-NVTA
Rolling Stock - System Funds
Equipment Storage
Maintenance Facility
Alexandria Station/Platform
Transit Enhancements
Security Enhancements
Project Development
Capital Reserve Contribution
946,000
2,000,000
0
10,965,000
2,200,000
5,250,000
17,099,000
400,000
100,000
100,000
2,000,000
3,000,000
Capital Project Summary
44,060,000
CMAQ
Lorton Platform
Rippon 2nd Platform
CMAQ Summary
TOTAL
37,840
80,000
0
0
88,000
210,000
683,960
16,000
4,000
4,000
0
3,000,000
0
0
0
7,508,800
0
0
0
127,989,601
36,900,000
15,300
165,000
16,428,800
756,800
1,600,000
0
946,000
2,000,000
0
10,965,000
2,200,000
5,250,000
17,099,000
400,000
100,000
100,000
2,000,000
3,000,000
1,760,000
4,200,000
13,679,200
320,000
80,000
80,000
2,000,000
4,123,800
0
0
0
FY14 subsidy
surplus (deficit)
3,508,800
0
2,000,000
350,000
2,350,000
151,360
320,000
0
7,456,200
352,000
840,000
2,735,840
64,000
16,000
16,000
5,508,800
16,428,800
(0)
7
0
0
11,951,400
0
22,476,000
0
44,060,000
0
400,000
70,000
470,000
0
0
0
0
1,600,000
280,000
1,880,000
2,000,000
350,000
2,350,000
0
240,000
10,300,000
16,130,533
10,141,625
28,279,542
1,880,000
127,989,601
Federal Amt
1,545,086
10,141,625
3,738,457
240,000
280,000
State Amt
309,017
2,652,425
747,691
3,709,133
12,421,400
16,130,533
Soft Capital Projects
Debt Service 11 Cabcars
Access lease funding
Local only Debt Service 60 Railcars
Fed/State/Local
Debt Service 60 Railcars
Grant & Project Management
Grant & Project Management
Subtotal
Capital Projects/Earmarks
Federal Cap Program
Program
1,931,357
15,602,500
110,442
4,673,071
300,000
350,000
22,967,370
46,410,000
69,377,370
Funding
5337
SSTP/State
5337
5337
5307
5337
24,356,000
40,301,167
VRE Fiscal Year 2015 Proposed Program Budget
FY 2013
Amended
FY 2013
Actual
FY 2014
Budget
FY 2015
Proposed
34,000,000
126,000
2,132,353
16,428,800
4,041,475
9,291,406
15,712,065
6,924,107
7,474,500
17,007,410
60,300
113,198,417
34,733,108
239,381
16,428,800
14,023,485
18,407,871
974,115
1,059,732
19,345
85,885,837
36,600,000
166,000
275,000
16,428,800
7,200,000
15,437,429
6,631,344
8,922,400
1,315,300
15,300
92,991,573
36,900,000
165,000
2,000,000
16,428,800
5,508,800
10,300,000
15,945,167
3,949,133
24,356,000
12,421,400
15,300
127,989,601
VRE - Non-Departmental
Liability Insurance
Operating Reserve/Contingency
Other
VRE-Financing-Administration Fees
Total VRE - Non-Departmental
4,100,000
3,199,079
7,299,079
3,938,223
110,178
2,219
4,050,620
4,400,000
1,579,892
5,979,892
4,200,000
1,936,152
2,000,000
8,136,152
Executive Management
Salaries/Fringes
Travel/Training/Employee Expenses
Board Member Expenses
Legal/Audit
Consulting/Professional/Other
Total Executive Management
496,689
24,000
3,000
75,000
183,000
781,689
560,812
16,179
1,950
70,000
116,873
765,814
650,000
34,000
3,000
75,000
33,000
795,000
506,000
24,000
3,000
75,000
279,000
887,000
Passenger Support Services
Salaries/Fringes
Travel/Training/Employee Expenses
Communication/Other
Office Administration Expenses
Total Passenger Support Services
436,869
13,200
232,500
64,000
746,569
400,946
7,261
241,647
71,476
721,330
470,000
18,300
226,000
72,000
786,300
277,000
15,600
79,000
73,500
445,100
Chief of Staff/Public Affairs
Salaries/Fringes
Travel/Training/Employee Expenses
PR/Special Events/Consulting
Total Chief of Staff/Public Affairs
154,773
7,500
15,500
177,773
167,796
7,819
19,227
194,842
169,000
7,500
150,500
327,000
372,000
13,500
55,500
441,000
Marketing
Salaries/Fringes
Travel/Training/Employee Expenses
Production/Media/Promotion/Other
Special Events/Other
Total Marketing
140,536
5,450
425,000
27,675
598,661
145,698
6,227
104,802
21,405
278,132
147,000
5,450
250,000
12,675
415,125
153,000
3,000
260,000
34,000
450,000
Planning
Salaries/Fringes
Travel/Training/Employee Expenses
Professional Services/Consulting/Other
Total Planning
252,317
15,300
341,800
609,417
157,384
1,545
142,263
301,192
164,000
7,000
350,750
521,750
402,000
6,900
541,225
950,125
Operations and Communications
Salaries/Fringes
Travel/Training/Employee Expenses
Printing/Admin/Other
Ticket Stock/R&M Fare Collection
Total Customer Communications
466,194
12,000
295,000
665,000
1,438,194
489,419
12,261
243,541
667,092
1,412,313
539,000
17,000
280,000
665,000
1,501,000
469,750
18,500
238,000
885,000
1,611,250
Budget and Finance
Salaries/Fringes
Travel/Training/Employee Expenses
Audit/Maint Service Agreements/Consulting
Retail Sales/TLC Commissions
Bank Discounts/Other
Total Budget and Finance
681,979
9,000
151,500
1,845,000
273,500
2,960,979
802,420
10,013
148,176
1,425,829
273,056
2,659,494
749,000
9,500
156,500
1,495,000
278,000
2,688,000
921,000
9,500
157,000
1,440,000
281,000
2,808,500
Communication and Info Tech
Salaries/Fringes
Travel/Training/Employee Expenses
Computer Equipment/Software
Consulting/Communications
Total Communication and Info Tech
257,057
18,500
175,000
820,000
1,270,557
226,870
14,369
184,272
623,527
1,049,038
218,500
18,500
250,000
782,000
1,269,000
246,000
18,500
175,000
720,000
1,159,500
Revenue:
VRE - Non-Departmental
Fare Revenue
Miscellaneous Revenue
Appropriation from Reserve
Jurisdictional Revenue
Other Revenue
State Operating Grant
Federal Grants - Operations and Debt
State Grants - Operations and Debt
Federal Grants - Capital Program
State Grants - Capital Program
Interest Income
Total Revenue
Expenditures:
8
VRE Fiscal Year 2015 Proposed Program Budget
FY 2013
Amended
Engineering and Capital Projects
Salaries/Fringes
Travel/Training/Employee Expenses
Other Professional Services/Other Expenses
Total Construction and Cap Proj
FY 2013
Actual
FY 2014
Budget
FY 2015
Proposed
601,252
26,000
151,000
778,252
660,803
17,555
117,956
796,314
701,000
26,000
152,500
879,500
670,000
23,500
151,000
844,500
119,447
1,000
20,000
574,000
2,825,000
3,539,447
63,461
2,994
43,704
674,484
2,068,278
2,852,921
126,000
5,000
20,500
594,500
2,768,000
3,514,000
151,000
11,000
628,000
2,905,000
3,695,000
291,534
2,500
294,034
296,122
2,199
298,321
312,000
5,500
317,500
348,000
5,500
353,500
393,982
38,000
325,000
1,092,000
5,600,000
3,695,000
11,143,982
497,992
9,049
543,890
20,590
829,748
4,718,243
2,141,846
8,761,358
518,000
39,000
400,000
1,134,000
5,600,000
2,955,000
10,646,000
873,000
49,000
120,000
821,000
1,091,000
5,932,250
2,950,000
11,836,250
Safety and Security
Salaries/Fringes
Travel/Training/Employee Expenses
Office/Other Professional Services
Yard/Station Security
Total Safety and Security
112,856
5,700
50,000
285,000
453,556
83,690
6,727
67,649
379,745
537,811
120,000
6,500
53,000
293,000
472,500
125,000
11,300
80,000
370,000
586,300
PRTC
Professional Services
Total PRTC
144,000
144,000
100,759
100,759
102,000
102,000
104,000
104,000
NVTC
Professional Services
Total NVTC
70,000
70,000
70,000
70,000
80,000
80,000
80,000
80,000
Keolis
Contract Operations and Maintenance
Total Keolis
18,248,591
18,248,591
17,945,392
17,945,392
19,040,448
19,040,448
20,241,112
20,241,112
Amtrak
Contract Operations and Maintenance
Total Amtrak
4,069,168
4,069,168
3,816,927
3,816,927
4,459,000
4,459,000
4,582,942
4,582,942
Amtrak Access Fees
Access Fees
Total Amtrak Access Fees
5,388,096
5,388,096
5,392,077
5,392,077
5,660,000
5,660,000
6,000,000
6,000,000
Norfolk Southern
Access Fees
Contract Operations and Maintenance
Total Norfolk Southern
2,370,000
580,000
2,950,000
2,372,835
622,907
2,995,742
2,491,552
598,448
3,090,000
2,590,000
620,000
3,210,000
CSXT
Access Fees
Contract Operations and Maintenance
Total CSXT
4,960,000
450,000
5,410,000
4,995,317
465,047
5,460,364
5,170,000
480,000
5,650,000
5,892,500
500,000
6,392,500
11,153,000
11,153,000
46,410,000
46,410,000
19,489
13,875,850
13,895,339
50,000
13,594,559
13,644,559
50,000
6,714,870
6,764,870
74,356,100
92,991,573
127,989,601
Facilities Maintenance
Salaries/Fringes
Travel/Training/Employee Expenses
Office/Other Professional Service
Station Electricity/Utilities/Taxes
Repairs and Maintenance
Total Facilities Maintenance
Purchasing and Contract Admin
Salaries/Fringes
Travel/Training/Employee Expenses
Total Purchasing and Contract Admin
Equipment Operations
Salaries/Fringes
Travel/Training/Employee Expenses
Consulting/Admin/Warehouse Management
Equipment/Warehouse Leases
Utilities
Diesel Fuel
Repairs and Maintenance - Rolling Stock
Total Equipment Operations
CIP Expenditures
CIP Expenditures
Total CIP Expenditures
30,825,805
30,825,805
CIP VRE - Non-Departmental
Allowance for Doubtful Accounts
Debt Service
Total CIP VRE - Non-Departmental
50,000
13,950,567
14,000,567
Total Expenditures
-
113,198,416
9
P a g e | 10
Capital Improvement Program
Fiscal Year 2015
December 20, 2013
P a g e | 11
Introduction
The FY 2015 Virginia Railway Express Capital Improvement Program (CIP) is an
integrated set of projects and programs that will improve passenger safety and
operational efficiency, maintain the system in a state of good repair, and expand
capacity. The multi-year CIP includes both programmed and unprogrammed
projects.

Programmed projects include those that are funded through federal
formula grants received annually by VRE; through state funding in
accordance with the Six-Year Improvement Program (SYIP); through
already allocated funds from other entities, such as NVTA or FAMPO; or
through other expected sources.

Unprogrammed projects are those that are pending a discretionary
allocation by a funding authority or for which a funding source has not yet
been identified.
Description of CIP
The VRE Capital Improvement Program is designed to maintain VRE passenger
equipment and facilities in a state of good repair and to accommodate growth
within adopted service and safety standards. Items listed in the CIP fall into one
of the following categories:






The acquisition of land for a public purpose.
The construction or purchase of an asset of significant size, including
rolling stock and other equipment, facilities, railroad infrastructure and
automated systems.
Rehabilitation or major repair to all or part of a major facility, piece of
equipment, or other asset, beyond the level considered as routine annual
maintenance.
Any specific planning, engineering, design work or grant and project
management costs related to an individual project falling within the first
three categories.
Any ongoing debt payments related to projects falling within the first three
categories.
Any long-term grant funded projects for which inclusion in the CIP is
considered appropriate.
P a g e | 12
Priorities: Projects included in the CIP are prioritized with an emphasis on
passenger safety, regulatory requirements, and maintaining current equipment
and facilities in a state of good repair. In addition, expansion projects are
selected in accordance with VRE’s System Plan, which is currently in
development.
Board/Commission Approval: Once the CIP has been developed, it is
forwarded as part of the budget to the Operations Board. With their approval, the
package goes to the Commissions for final authorization. The VRE budget
process begins in the summer, with approval by the Operations Board in
December and Commissions in January. Grant applications for the next fiscal
year are prepared based on the approved CIP.
Project Information: Detailed project information is provided, including a
summary of funding sources for each project. FY14 funding reflects the amended
budget for that year. Any unprogrammed funding is specifically identified.
Administrative and reoccurring projects are grouped together.
Summary Information: Summary information for the entire CIP and for selected
funding sources is provided at the conclusion of this section.
P a g e | 13
CIP Project Information
Part I - Track and Signal Improvements
Project: Track Access Fees
Description of Project: This project provides funding for the annual cost of
using tracks and other infrastructure owned by the VRE host railroads. FY15
budgeted cost is $15.6M.
Funding Sources:
Project Name:
Sources of funds:
SSTP/RSTP/CMAQ
Track Access Fees
Prior to
FY 2014
State Mass Transit funds
VRE - subsidy match
TOTAL
-
FY 2014
9,360,000
FY 2015
10,141,950
FY 2016
10,547,550
FY 2017
10,969,400
FY 2018
11,408,150
FY 2019
11,864,450
FY 2020
12,338,950
2,772,000
2,652,510
2,758,590
2,868,920
2,983,670
3,103,010
3,227,110
TOTAL
76,630,45020,365,810-
2,268,000
14,400,000
2,808,540
15,603,000
2,920,860
16,227,000
3,037,680
16,876,000
3,159,180
17,551,000
3,285,540
18,253,000
3,416,940
18,983,000
20,896,740
117,893,000
Project: Positive Train Control (PTC)
Description of Project: The implementation of Positive Train Control (PTC) is
mandated by the Rail Safety Improvement Act of 2008. The regulation mandates
installation of a collision avoidance system which will overlay existing systems to
monitor and control train movements to provide increased safety for passenger
rail by December 31, 2015. VRE’s project was developed in conjunction with the
implementation of this mandate by the host railroads. The FY15 budgeted cost is
$2.0M, which completes the final phase of the project.
Funding Sources:
Sources of funds:
Federal formula funds -5307
State Mass Transit funds
VRE - subsidy match
TOTAL
Prior to
FY 2014
2,922,400
377,850
352,750
3,653,000
FY 2014
3,920,000
539,000
441,000
4,900,000
FY 2015
1,600,000
320,000
80,000
2,000,000
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
TOTAL
8,442,400
1,236,850
873,750
10,553,000
P a g e | 14
Part II – Rolling Stock
Project: Rolling Stock – 7 Replacement Railcars
Description of Project: Purchase of seven of 15 Gallery railcars to complete the
replacement of the remaining legacy railcars. The order for eight railcars was
placed in February 2012 and the remaining seven cars will be purchased with
funding provided in the amended FY14 budget.
Funding Sources:
Project Name:
7 Replacement Railcars
Prior to
FY 2014
541,100
Sources of funds:
Federal formula funds -5309
Federal formula funds -5337
State Mass Transit funds
VRE - subsidy match
VRE - capital reserve
TOTAL
4,245,811
792,160
451,917
6,030,988
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
9,489,612
TOTAL
541,100
9,489,612-
375,300
104,100
9,969,012
4,245,811
1,167,460
556,017
16,000,000
-
Project: Rolling Stock – 14 Expansion Railcars
Description of Project: Purchase of fourteen additional railcars for expansion of
service by providing rail cars for an additional Fredericksburg line train and for
lengthening of other consists. The first nine railcars are funded primarily through
regional funds from the NVTA jurisdictions. The last five railcars include a
proportional share of costs from outside the NVTA jurisdictions. FY15 budgeted
cost is $13.2M.
Funding Sources:
Sources of funds:
Federal formula funds -5307
Prior to
FY 2014
FY 2014
1,518,400
State Mass Transit funds
FY 2015
1,760,000
7,808,200
NVTA regional funds
Jurisdictional funds
19,800,000
VRE - subsidy match
TOTAL
379,600
21,698,000
-
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
TOTAL
3,278,400-
3,508,800
7,808,20019,800,000
3,508,800-
88,000
13,165,000
467,600
34,863,000
P a g e | 15
Project: Equipment Life-Cycle Maintenance
Description of Project: Project provides funding for the major life-cycle repair
and overhaul costs for VRE’s rolling stock to assure that all equipment is
maintained in a state of good repair in accordance with VRE’s Transit Asset
Management program.
Funding Sources:
Project Name:
Sources of funds:
Federal formula funds -5337
Equipment Life Cycle
Prior to
FY 2014
FY 2014
FY 2015
FY 2016
1,520,000
FY 2017
3,920,000
FY 2018
3,840,000
FY 2019
2,720,000
FY 2020
3,680,000
State Mass Transit funds
-
304,000
784,000
768,000
544,000
736,000
TOTAL
15,680,0003,136,000-
VRE - subsidy match
TOTAL
-
76,000
1,900,000
196,000
4,900,000
192,000
4,800,000
136,000
3,400,000
184,000
4,600,000
784,000
19,600,000
-
-
Part III – Yard Improvements
Project: Maintenance Facility
Description of Project: Design and construct rolling stock equipment
maintenance facility improvements in order to carry out those components of the
life - cycle maintenance program that can be most efficiently accomplished at the
VRE yards. Project includes constructing additional shop space with overhead
cranes, wheel and axle drop table and wheel truing. FY15 budgeted cost is
$17.1M.
Funding Sources:
Sources of funds:
Federal formula funds -5307
Federal formula funds -5337
Prior to
FY 2014
FY 2014
4,320,800
State Mass Transit funds
VRE - subsidy match
TOTAL
FY 2015
240,000
13,439,200
2,735,840
-
1,080,200
5,401,000
683,960
17,099,000
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
TOTAL
240,000
17,760,0002,735,8401,764,160
22,500,000
NOTE: FY14 federal funding added in amended budget; possible candidate for inclusion
in State application for FY15.
P a g e | 16
Project: Equipment Storage
Description of Project: Remove existing mail dock at Ivy City coach yard to
accommodate mid-day storage of longer trains (FY14); land acquisition at
Crossroads Yard (FY14 and FY 15); and track, switch and grade modifications to
accommodate longer trains at the storage and maintenance yards (FY15).
Projects in future years will address further realignment at yards to accommodate
Phase II of the System Plan and realignment of mid-day storage facilities. FY15
budgeted cost is $5.3M.
Funding Sources:
Project Name:
Equipment Storage
Prior to
FY 2014
Sources of funds:
Federal formula funds -5307
FY 2014
2,680,000
FY 2015
4,200,000
FY 2016
6,520,000
FY 2017
8,120,000
FY 2018
8,120,000
FY 2019
5,600,000
FY 2020
4,000,000
-
840,000
1,304,000
1,624,000
1,624,000
1,120,000
800,000
TOTAL
39,240,0007,312,000-
670,000
3,350,000
210,000
5,250,000
326,000
8,150,000
406,000
10,150,000
406,000
10,150,000
280,000
7,000,000
200,000
5,000,000
2,498,000
49,050,000
State Mass Transit funds
VRE - subsidy match
TOTAL
-
Part IV – Stations and Parking
Project: Facilities Infrastructure Renewal
Description of Project: As the VRE facilities age, there is an increasing need for
repairs and improvements to maintain these assets in a State of Good Repair
(SGR). An independent evaluation of all station, maintenance and storage
facilities will be conducted in FY 2014, in accordance with VRE’s Transit Asset
Management program, in order to establish maintenance, rehabilitation and
replacement cycles and priorities. Major projects currently anticipated include the
repair or replacement of elevators and stairwells at VRE stations. FY15
budgeted cost is $946k.
Funding Sources:
Project Name:
Sources of funds:
Federal formula funds -5337
Facilities Infrastructure Renewal
Prior to
FY 2014
State Mass Transit funds
VRE - subsidy match
TOTAL
-
FY 2014
400,000
FY 2015
756,800
FY 2016
5,556,000
FY 2017
3,156,000
FY 2018
3,236,000
FY 2019
4,356,000
FY 2020
3,396,000
55,000
151,360
1,111,200
631,200
647,200
871,200
679,200
TOTAL
20,856,8004,146,360-
45,000
500,000
37,840
946,000
277,800
6,945,000
157,800
3,945,000
161,800
4,045,000
217,800
5,445,000
169,800
4,245,000
1,067,840
26,071,000
P a g e | 17
Project: Lorton Platform Improvements
Description of Project: Design and construction of a platform extension and a
second platform at the Lorton VRE station to expand capacity and operational
flexibility. Funding is from a combination of both CMAQ (with associated state
match) and jurisdictional funds through NVTA. FY15 budgeted cost is $2.0M.
Funding Sources:
Project Name:
Sources of funds:
CMAQ/RSTP
Lorton Platform Improvements (Extension and Second Platform)
Prior to
FY 2014
1,400,000
State Mass Transit funds
State CMAQ/RSTP match
770,000
350,000
NVTA regional funds
Jurisdictional funds
TOTAL
FY 2014
1,600,000
FY 2015
1,600,000
400,000
400,000
FY 2016
FY 2017
FY 2018
-
-0
-
-
FY 2019
FY 2020
TOTAL
4,600,000770,000
1,150,000-
7,900,000
7,900,000
300,000-
300,000
2,820,000
9,900,000
2,000,000
-
-
-
-
-
14,720,000
NOTE: Future years of CMAQ funding initially allocated for this project are anticipated to
be reprogrammed to the Backlick Road VRE station.
Project: Alexandria Station/Platform
Description of Project: Design and construction of a pedestrian tunnel between
the VRE/Amtrak station and the Metro station in Alexandria ($10.02M in FY14
and prior); modification of the east side platform to service trains from both sides
($400k in FY15); and modification of the Slaters Lane railroad crossover to
enable trains to enhance capacity and improve operating flexibility and for other
operational enhancements ($7M). FY15 budgeted cost is $400k; $7M for railroad
crossover currently unprogrammed.
Funding Sources:
Project Name:
Sources of funds:
Federal formula funds -5307
Alexandria Station Improvements
Prior to
FY 2014
FY 2014
FY 2015
320,000
1,300,000
7,000,000
State Mass Transit funds
FY 2017
FY 2018
FY 2019
FY 2020
TOTAL
320,000-
64,000
NVTA regional funds
VRE - subsidy match
Other - VDOT LAP
TOTAL
FY 2016
16,000
8,721,865
8,721,865
1,300,000
7,400,000
-
-
-
-
-
NOTE: $7M in FY15 for railroad crossover at Slaters Lane and other operational
enhancements recommended for submission to NVTA for FY14-FY16 funding.
64,0008,300,00016,0008,721,865
17,421,865
P a g e | 18
Project: Platform Improvements – Fredericksburg Line
Description of Project: Design and construction of platform extensions and
second platforms at Fredericksburg line stations to expand capacity and
operational flexibility. Included are platform improvements at the following
stations: expand northern/Metro side of platform at Franconia-Springfield ($5M in
FY15); platform extension and second platform at Rippon ($15M in FY15,
platform extensions at Leeland Road ($2M), and platform extension at Brooke
($2M). $20M in FY15 currently unprogrammed.
Funding Sources:
Project Name:
Sources of funds:
Platform Improvements - Fredericksburg Line
Prior to
FY 2014
NVTA regional funds
No funding identified
TOTAL
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
20,000,000
-
-
20,000,000
-
-
-
-
4,000,000
4,000,000
TOTAL 20,000,000
4,000,000
24,000,000
NOTE: $20M in FY15 for platform extension at Franconia-Springfield and platform
extension and second platform at Rippon station recommended for submission to NVTA
for FY14-FY16 funding. No funds have been identified for $4M in FY20 for platform
extensions at Leeland Road and Brooke stations.
Project: Platform Improvements – Manassas Line
Description of Project: Design and construction of platform extensions at
Manassas line stations to expand capacity and operational flexibility. Included
are platform extensions at the following stations: Rolling Road ($2M in prior year
funds) and Backlick ($2M in FY16-FY17).
Funding Sources:
Project Name:
Sources of funds:
CMAQ/RSTP
State CMAQ/RSTP match
TOTAL
Platform Improvements - Manassas Line
Prior to
FY 2014
1,600,000
FY 2014
FY 2015
-
400,000
-
2,000,000
-
-
FY 2016
1,200,000
FY 2017
400,0000
300,000
100,000
-
1,500,000
500,000
FY 2018
FY 2019
-
FY 2020
-
TOTAL
3,200,000800,000-
NOTE: Future years of CMAQ funding initially allocated for the Lorton project are
anticipated to be reprogrammed for the platform extension at the Backlick station.
4,000,000
P a g e | 19
Project: Platform Improvements – Core Stations
Description of Project: Design and construction of platform improvements at
Crystal City ($2M in FY15) and L’Enfant ($3M in FY 16) to reduce overcrowding
and improve safety. Initial feasibility/preliminary engineering required to define
scope of improvements possible at each location. Implementation of long-term
solutions to address System Plan recommendations required but not yet included
in this project. $2.M in FY15 currently unprogrammed.
Funding Sources:
Project Name:
Sources of funds:
Federal formula funds -5307
Platform Improvements - Core Stations
Prior to
FY 2014
FY 2014
FY 2015
State Mass Transit funds
FY 2016
2,400,000
FY 2017
FY 2018
FY 2019
FY 2020
TOTAL
2,400,000480,000-
480,000
NVTA regional funds
2,000,000
VRE - subsidy match
TOTAL
-
-
2,000,000
120,000
3,000,000
-
-
-
-
2,000,000120,000
5,000,000
NOTE: $2M in FY15 for expansion of platform at Crystal City station recommended for
submission to NVTA for FY14-FY16 funding.
Project: Broad Run Parking Expansion
Description of Project: Design and construction of an 800 space parking
garage at the Broad Run VRE station. CMAQ funds and associated state match
are currently being used for project design.
Funding Sources:
Project Name:
Sources of funds:
CMAQ/RSTP
State CMAQ/RSTP match
No funding identified
TOTAL
Broad Run Parking Expansion
Prior to
FY 2014
2,736,000
684,000
3,420,000
FY 2014
-
FY 2015
-
-
-
FY 2018
4,198,626
FY 2019
3,464,000
-
-
-
-
1,049,656
866,000
-
TOTAL
10,398,6262,599,656-
4,330,000
11,421,718
11,421,718
11,421,718
24,420,000
-
FY 2016
-
FY 2017
-
-
5,248,282
FY 2020
-
NOTE: Project may be advanced as the result of a future request for jurisdictional funds
through NVTA to replace or augment the out-year CMAQ allocations and the
unprogrammed funding in FY20 of $11.4M.
P a g e | 20
Project: Rolling Road Parking Expansion
Description of Project: Design and construction of a 300 space parking
structure at the Rolling Road VRE station. The project is currently being studied
by Fairfax County.
Funding Sources:
Project Name:
Sources of funds:
No funding identified
TOTAL
Rolling Road Parking Expansion
Prior to
FY 2014
FY 2014
-
FY 2015
-
FY 2016
-
FY 2017
-
FY 2018
-
FY 2019
-
-
FY 2020
7,500,000
7,500,000
TOTAL
7,500,000
7,500,000
NOTE: Project is a candidate for a future request for jurisdictional funds through NVTA.
Funding is currently unprogrammed.
Project: Fredericksburg Line Parking Expansion
Description of Project: Design and construction of parking structures at
Fredericksburg line stations: Leeland Road ($10.0M for 400 spaces); and
Fredericksburg ($30.0M for 1,200 spaces, with initial CMAQ allocation of $1.2M
provided through FAMPO).
Funding Sources:
Project Name:
Sources of funds:
CMAQ/RSTP
Parking Expansion - Fredericksburg Line
Prior to
FY 2014
FY 2014
FY 2015
State CMAQ/RSTP match
No funding identified
TOTAL
-
-
-
FY 2016
240,000
FY 2017
499,200
FY 2018
249,600
-
60,000
124,800
62,400
-
300,000
624,000
312,000
FY 2019
FY 2020
-
-
-
-
-
38,764,000
38,764,000
TOTAL
988,800247,20038,764,000
40,000,000
NOTE: Funding has not been identified for this project, other than the CMAQ funding of
$1.2M for the Fredericksburg parking structure in FY16-FY18. Funding of $38.8M in
FY20 is unprogrammed.
P a g e | 21
Project: Manassas Park Parking Expansion and Pedestrian Improvements
Description of Project: Design and construction of a 500 space parking garage
on the north/City Hall side of the railroad tracks. A pedestrian connection
between the new parking facility and station is also included. The parking
expansion will increase the number of available parking spaces to 1,100, which is
the estimated long-range parking demand. $19M in FY15 currently
unprogrammed.
Funding Sources:
Project Name:
Sources of funds:
Manassas Park Parking and Pedestrian Improvements
Prior to
FY 2014
NVTA regional funds
TOTAL
FY 2014
-
FY 2015
-
FY 2016
19,000,000
19,000,000
FY 2017
-
FY 2018
-
FY 2019
-
FY 2020
-
-
TOTAL 19,000,000
19,000,000
NOTE: $19M in FY15 for parking expansion and pedestrian improvements
recommended for submission to NVTA for FY14-FY16 funding.
Project: Quantico Parking and Pedestrian Improvements
Description of Project: Planning, design and construction of platform and
parking expansion, and pedestrian access improvements. Improvements will be
coordinated with the Arkendale to Powell’s Creek Third Track project being
implemented by the Commonwealth and CSX. Phase I costs of $5.1M –
planning/feasibility study to determine what improvements are possible given
existing site conditions plus initial funding for pedestrian improvements. FY15
budgeted cost is $350k.
Funding Sources:
Project Name:
Sources of funds:
CMAQ/RSTP
Quantico Parking and Pedestrian Improvements
Prior to
FY 2014
FY 2014
FY 2015
280,0000
State CMAQ/RSTP match
No funding identified
TOTAL
-
-
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
1,360,000
70,000
340,000
TOTAL
1,640,000410,000-
350,000
3,000,000
4,700,000
3,000,000
5,050,000
-
-
-
-
NOTE: CMAQ allocation for FY15 ($350k) and FY20 ($1.7M); the remaining funds in
FY20 of $3M are currently unprogrammed. Project is a candidate for a future request for
jurisdictional funds through NVTA. No cost estimate provided for Phase II – parking
expansion.
P a g e | 22
Part V – Studies and Other
Project: Gainesville/Haymarket
Description of Project: Continuation of planning and project development for
the proposed Gainesville/Haymarket extension, including review of potential
ridership demand and rail and station infrastructure needed to complete the
extension. The impact of the extension on system-wide capacity will also be
assessed. FY15 budgeted cost is $1.5M.
Funding Sources:
Project Name:
Sources of funds:
Gainseville Haymarket
Prior to
FY 2014
NVTA regional funds
TOTAL
FY 2014
-
FY 2015
1,500,000
1,500,000
FY 2016
-
FY 2017
-
FY 2018
-
FY 2019
-
FY 2020
-
-
TOTAL 1,500,000
1,500,000
Project: Project Development
Description of Project: Project will provide funding for planning and engineering
analysis required to advance system investments recommended in the System
Plan, especially to support a future federal Core Capacity application or for
funding from other sources such as the Rail Enhancement Fund or jurisdictional
funding through NVTA. FY15 budgeted cost is $2.0M.
Funding Sources:
Project Name:
Sources of funds:
Other
TOTAL
Project Development
Prior to
FY 2014
FY 2014
-
-
FY 2015
2,000,000
2,000,000
FY 2016
FY 2017
-
FY 2018
-
FY 2019
-
FY 2020
-
-
TOTAL 2,000,000
2,000,000
NOTE: Funding is provided from unallocated balance in the VRE Capital Reserve.
P a g e | 23
Project: Capital Reserve
Description of Project: Commitment of additional funds to the capital reserve,
to be used to complete projects, provide local match in order to take advantage
of grant opportunities and to fund initial costs to support major grant proposals.
FY15 budgeted cost is $3.0M.
Funding Sources:
Project Name:
Sources of funds:
VRE - operating budget
Capital Reserve
Prior to
FY 2014
TOTAL
FY 2014
-
-
FY 2015
3,000,000
FY 2016
3,000,000
FY 2017
3,000,000
FY 2018
3,000,000
FY 2019
3,000,000
FY 2020
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
TOTAL
18,000,00018,000,000
NOTE: Funding is provided from local sources.
Project: Core Capacity
Description of Project: Future year federal funds will be used to conduct more
detailed analysis of recommended system initiatives and investments, including
development of detailed financial plans, NEPA, conceptual engineering and other
analysis that would be prerequisites for advancing a federal Core Capacity
funding application. Future year funds may also be combined with non-federal
funds as the local financial commitment towards the implementation of core
capacity projects.
Funding Sources:
Project Name:
Sources of funds:
Federal formula funds -5307
Core Capacity Projects
Prior to
FY 2014
FY 2014
State Mass Transit funds
-
-
-
-
-
504,000
808,000
TOTAL
6,560,0001,312,000-
VRE - subsidy match
TOTAL
-
-
-
-
-
126,000
3,150,000
202,000
5,050,000
328,000
8,200,000
-
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
2,520,000
FY 2020
4,040,000
P a g e | 24
Administrative and Reoccurring Projects
1. Grant and Project Management – funding allocated to this project supports
staff project management and grant administration for capital projects supported
with federal funding . Annual allocation is $650,000.
2. Transit Enhancements – grantees receiving federal 5307 funds must certify
that at least 1% of funding received each fiscal year is being used for transit
enhancement projects. VRE’s primary use of this funding is for pedestrian
improvements, electronic customer communications and station and equipment
signage. Annual allocation is $100,000.
3. Security Enhancements – grantees receiving federal 5307 funds must certify
that at least 1% of funding received each fiscal year is being used for transit
security projects. Projects include improvements to station lighting and security,
systems safety consulting, and security drills with first responders. Annual
allocation is $100,000.
4. Debt Repayment (11 replacement cab cars) – finance payments on the 11 bilevel Gallery cab cars VRE purchased in 2006. Annual payment is $1,932,000.
5. Debt Repayment (60 replacement railcars) – finance payments on the 50 bilevel Gallery railcars VRE purchased in 2006 and 2008. Annual payment is
$4,673,000.
P a g e | 25
FY 2014 - FY 2020 CIP Project Totals
Summary - CIP Total Project Expenses
Projects
Track and Signal Improvements:
Access Fees
Postive Train Control
Rolling Stock
7 Replacement Railcars
14 Expansion Railcars
Equipment Life-Cyle Maint
Yard Improvements
Maintenance facility
Equipment storage
Stations and Parking
Facilities maintenance
Lorton platform improvements
Alexandria station improvements
Platform imp - Fredericksburg
Platform imp - Manassas
Platform imp - core stations
Broad Run parking expansion
Rolling Road parking expansion
Parking Expansion - Fred'burg line
Manassas Park - parking and ped imp
Quantico - parking and ped imp
Debt/Studies/Other
Debt service - 60 cars
Debt service - 11 cab cars
Enhancement grant - transit
Enhancement grant - security
Grant and project management
Gainesville - Haymarket
Project development
Capital reserve
Core Capacity
TOTAL
Prior to
FY 2014
FY 2014
FY 2015
3,653,000
-
14,400,000
4,900,000
-
15,603,000
2,000,000
-
16,227,000
-
6,030,988
-
9,969,012
21,698,000
-
13,165,000
-
-
5,401,000
3,350,000
-
2,820,000
8,721,865
2,000,000
3,420,000
-
FY 2016
FY 2017
FY 2018
FY 2019
16,876,000
-
17,551,000
-
1,900,000
-
4,900,000
-
17,099,000
5,250,000
-
8,150,000
-
500,000
9,900,000
1,300,000
-
946,000
2,000,000
7,400,000
20,000,000
2,000,000
19,000,000
350,000
-
-
4,645,429
1,932,000
100,000
100,000
662,000
1,500,000
-
26,645,853
80,357,441
FY 2020
TOTAL
18,253,000
-
18,983,000
-
117,893,000
10,553,000
-
4,800,000
-
3,400,000
-
4,600,000
-
16,000,000
34,863,000
19,600,000
-
10,150,000
-
10,150,000
-
7,000,000
-
5,000,000
-
22,500,000
49,050,000
-
6,945,000
1,500,000
2,000,000
300,000
-
3,945,000
500,000
624,000
-
4,045,000
5,248,282
312,000
-
5,445,000
4,330,000
-
4,245,000
4,000,000
11,421,718
7,500,000
38,764,000
4,700,000
-
26,071,000
14,720,000
17,421,865
24,000,000
4,000,000
4,000,000
24,420,000
7,500,000
40,000,000
19,000,000
5,050,000
-
4,673,000
1,932,000
100,000
100,000
650,000
2,000,000
3,000,000
-
4,673,000
1,932,000
100,000
100,000
650,000
3,000,000
-
4,673,000
1,932,000
100,000
100,000
650,000
3,000,000
-
4,673,000
1,932,000
100,000
100,000
650,000
3,000,000
-
4,673,000
1,932,000
100,000
100,000
650,000
3,000,000
3,150,000
4,673,000
1,932,000
100,000
100,000
650,000
3,000,000
5,150,000
117,268,000
47,477,000
47,450,000
52,561,282
52,033,000
114,818,718
32,683,429
13,524,000
700,000
700,000
4,562,000
1,500,000
2,000,000
18,000,000
8,300,000
538,611,294
P a g e | 26
FY 2014 - FY 2020 Federal Formula Funding
Summary - Federal Formula Funding
Projects
Track and Signal Improvements:
Access Fees
Postive Train Control
Prior to
FY 2014
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
TOTAL
2,922,400
3,920,000
1,600,000
-
-
-
-
-
8,442,400
541,100
-
9,489,612
1,518,400
-
1,760,000
-
1,520,000
3,920,000
3,840,000
2,720,000
3,680,000
10,030,712
3,278,400
15,680,000
Yard Improvements
Maintenance facility
Equipment storage
-
4,320,800
2,680,000
13,679,200
4,200,000
6,520,000
8,120,000
8,120,000
5,600,000
4,000,000
18,000,000
39,240,000
Stations and Parking
Facilities maintenance
Lorton platform improvements
Alexandria station improvements
Platform imp - Fredericksburg
Platform imp - Manassas
Platform imp - core stations
Broad Run parking expansion
Rolling Road parking expansion
Parking Expansion - Fred'burg line
Manassas Park - parking and ped imp
Quantico - parking and ped imp
-
400,000
-
756,800
320,000
-
5,556,000
1,600,000
-
3,156,000
-
3,236,000
-
4,356,000
-
3,396,000
-
20,856,800
320,000
1,600,000
-
3,463,500
3,716,343
1,545,600
80,000
80,000
529,600
28,280,355
3,738,400
1,545,600
80,000
80,000
520,000
28,280,000
3,738,400
1,545,600
80,000
80,000
520,000
21,160,000
3,738,400
1,545,600
80,000
80,000
520,000
21,160,000
3,738,400
1,545,600
80,000
80,000
520,000
21,160,000
3,738,400
1,545,600
80,000
80,000
520,000
2,520,000
21,160,000
3,738,400
1,545,600
80,000
80,000
520,000
4,120,000
21,160,000
26,146,743
10,819,200
560,000
560,000
3,649,600
6,640,000
165,823,855
Rolling Stock
7 Replacement Railcars
14 Expansion Railcars
Equipment Life-Cyle Maint
Debt/Studies/Other
Debt service - 60 cars
Debt service - 11 cab cars
Enhancement grant - transit
Enhancement grant - security
Grant and project management
Gainesville - Haymarket
Project development
Capital reserve
Core Capacity
TOTAL
NOTE: Federal funds shown at 80% of project cost; state and local match not included.
P a g e | 27
FY 2014 - FY 2020 CMAQ/STP/RSTP Funding
Summary - CMAQ/STP/RSTP Funding
Projects
Track and Signal Improvements:
Access Fees
Postive Train Control
Prior to
FY 2014
FY 2014
-
FY 2015
9,360,000
FY 2016
10,141,950
FY 2017
10,547,550
10,969,400
FY 2018
FY 2019
FY 2020
11,408,150
11,864,450
TOTAL
12,338,950
76,630,450
-
Rolling Stock
7 Replacement Railcars
14 Expansion Railcars
Equipment Life-Cyle Maint
-
Yard Improvements
Maintenance facility
Equipment storage
-
Stations and Parking
Facilities maintenance
Lorton platform improvements
Alexandria station improvements
Platform imp - Fredericksburg
Platform imp - Manassas
Platform imp - core stations
Broad Run parking expansion
Rolling Road parking expansion
Parking Expansion - Fred'burg line
Manassas Park - parking and ped imp
Quantico - parking and ped imp
1,400,000
1,600,000
1,600,000
-
-
-
-
-
1,600,000
-
-
1,200,000
400,000
-
-
-
2,736,000
-
-
-
-
4,198,626
3,464,000
-
-
-
-
240,000
499,200
249,600
-
-
-
-
280,000
-
-
-
-
1,360,000
4,600,000
3,200,000
10,398,626
988,800
1,640,000
13,698,950
97,457,876
Debt/Studies/Other
Debt service - 60 cars
Debt service - 11 cab cars
Enhancement grant - transit
Enhancement grant - security
Grant and project management
Gainesville - Haymarket
Project development
Capital reserve
Core Capacity
TOTAL
5,736,000
10,960,000
12,021,950
11,987,550
11,868,600
15,856,376
15,328,450
NOTE: CMAQ/RSTP funds shown at 80% of project cost; state match funds not
included. Access fee funding shown at 65% of project cost; state and local match funds
not included.
P a g e | 28
FY 2014 - FY 2020 NVTA Funding
Summary - NVTA Funding
Projects
Track and Signal Improvements:
Access Fees
Postive Train Control
Rolling Stock
7 Replacement Railcars
14 Expansion Railcars
Equipment Life-Cyle Maint
Prior to
FY 2014
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
TOTAL
-
-
19,800,000
-
-
-
-
-
-
Yard Improvements
Maintenance facility
Equipment storage
Stations and Parking
Facilities maintenance
Lorton platform improvements
Alexandria station improvements
Platform imp - Fredericksburg
Platform imp - Manassas
Platform imp - core stations
Broad Run parking expansion
Rolling Road parking expansion
Parking Expansion - Fred'burg line
Manassas Park - parking and ped imp
Quantico - parking and ped imp
Debt/Studies/Other
Debt service - 60 cars
Debt service - 11 cab cars
Enhancement grant - transit
Enhancement grant - security
Grant and project management
Gainesville - Haymarket
Project development
Capital reserve
Core Capacity
TOTAL
19,800,000
-
-
-
7,900,000
1,300,000
-
-
-
-
-
-
-
1,500,000
-
-
-
-
-
-
-
30,500,000
-
-
-
-
-
-
NOTE: Includes only projects programmed by NVTA.
7,900,000
1,300,000
-
1,500,000
30,500,000
P a g e | 29
FY 2014 - FY 2020 Non-Programmed Projects
Summary - Non-Programmed
Projects
Track and Signal Improvements:
Access Fees
Postive Train Control
Prior to
FY 2014
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
TOTAL
-
Rolling Stock
7 Replacement Railcars
14 Expansion Railcars
Equipment Life-Cyle Maint
-
Yard Improvements
Maintenance facility
Equipment storage
-
Stations and Parking
Facilities maintenance
Lorton platform improvements
Alexandria station improvements
Platform imp - Fredericksburg
Platform imp - Manassas
Platform imp - core stations
Broad Run parking expansion
Rolling Road parking expansion
Parking Expansion - Fred'burg line
Manassas Park - parking and ped imp
Quantico - parking and ped imp
7,000,000
20,000,000
3,000,000
7,000,000
24,000,000
2,000,000
11,421,718
7,500,000
38,764,000
19,000,000
3,000,000
64,685,718
112,685,718
4,000,000
2,000,000
11,421,718
7,500,000
38,764,000
19,000,000
Debt/Studies/Other
Debt service - 60 cars
Debt service - 11 cab cars
Enhancement grant - transit
Enhancement grant - security
Grant and project management
Gainesville - Haymarket
Project development
Capital reserve
Core Capacity
TOTAL
-
-
48,000,000
-
-
-
-
NOTE: Includes proposed NVTA submission for FY14-FY16 (shown in FY15); projects
for possible inclusion in future submissions to NVTA (shown in FY20); and projects for
which some or all funding has not been identified (shown in FY20).
P a g e | 30
VIRGINIA RAILWAY EXPRESS
ASSUMPTIONS FOR SIX YEAR FINANCIAL FORECAST
1. Operating ratio maintained at 50% or higher
2. Level of Service
a. 34 trains for FY 2015
i. Fredericksburg line train
b. 34 trains for FY 2016
c. 34 trains for FY 2017
d. 34 trains for FY 2018
e. 34 trains for FY 2019
f. 34 trains for FY 2020
3. Operating Costs
a. Increase in base costs varies by year, based on annual ridership increase
b. Keolis, Amtrak, fuel, track leases and debt service tracked separately
4. Fare Revenue
a. Increased 5% in FY 2016, FY 2018, FY 2020
5. Other Revenue:
a. Interest income increases at 0% per year
b. Other income increases 0% per year
6. Grant Income:
a. Access lease funding equal to 82% of access lease expenses – assumes
Commonwealth to fund track access lease cost for all additional trains
b. Federal capital program is shown as in six year CIP
i. Level funding compared from FY 2014
ii. decreased funding FY 2015 – FY 2020
c. State operating based on grant with no annual increase
d. State capital grant matched at 16% in FY 2015 – FY 2020 with exception
of track access fees and state-only projects
7. Local Subsidy:
a. No increase in FY 2015
b. 3% increase in FY 2016 – FY 2020
FY15 Six Year Financial Forecast
Description
Number of Trains
Manassas Line
Fredericksburg Line
Average Daily Ridership
Average Fare Price
Potential Operating Ratio
FY14
FY15
32
18
14
20,100
7.25
54%
FY16
34
18
16
19,200
7.60
50%
FY17
34
18
16
19,600
8.01
51%
FY18
34
18
16
20,000
8.01
51%
FY19
34
18
16
20,130
8.44
53%
FY20
34
18
16
20,230
8.44
51%
Comments
34
18
16
20,330
8.89 5% FY16, FY18, FY20
53%
Use of Funds for Operations
Net Operating Expenses
Budgeted Operating Reserves
Insurance
Amtrak (2)
Keolis
Fuel
Track Lease Expense
Debt Service
Total Operating Costs
19,575,197
769,369
4,400,000
4,459,000
19,040,448
5,600,000
14,400,000
13,594,559
81,838,573
23,751,395
554,533
4,200,000
4,582,942
20,241,112
5,932,250
15,602,500
6,714,870
81,579,601
36,600,000
15,300
441,000
39,200,000
15,300
165,000
40,000,000
15,300
165,000
42,500,000
15,300
165,000
42,700,000
15,300
165,000
45,200,000
15,300
165,000
7,200,000
6,631,344
36,900,000
15,300
405,000
7,508,800
10,300,000
3,709,133
10,300,000
3,815,808
10,300,000
3,926,308
10,300,000
4,040,208
10,300,000
4,159,208
10,300,000
4,283,308
9,360,000
5,261,429
816,000
66,325,073
10,141,625
5,283,542
520,000
74,783,401
10,549,500
5,283,542
520,000
69,849,151
10,972,000
5,283,542
520,000
71,182,151
11,407,500
5,283,542
520,000
74,231,551
11,862,500
5,283,542
520,000
75,005,551
12,337,000
5,283,542
520,000
78,104,151
(15,513,500)
16,428,800
915,300
(6,796,200)
16,428,800
9,632,600
(14,404,145)
16,987,379
2,583,234
(14,579,218)
17,564,950
2,985,732
(13,611,500)
18,162,158
4,550,658
(15,083,668)
18,779,672
3,696,004
11,153,000
11,153,000
46,410,000
46,410,000
23,995,000
23,995,000
23,315,000
23,315,000
27,760,000
27,760,000
26,495,000
26,495,000
23,795,000
23,795,000
80%
8,922,400
80%
80%
24,356,000
65%
80%
16,796,000
65%
80%
16,252,000
65%
80%
19,808,000
65%
80%
18,796,000
65%
80%
16,636,000
65%
1,315,300
12,421,400
3,431,200
3,295,200
4,184,200
3,931,200
3,395,200
915,300
11,153,001
9,632,600
46,410,001
2,583,234
22,810,435
2,985,732
22,532,933
4,550,658
28,542,859
3,696,004
26,423,204
5,211,446
25,242,646
0
0
0
0
(1,184,566)
(1,184,566)
(782,068)
(1,966,633)
782,858
(1,183,775)
(71,796)
(1,255,571)
1,447,646
192,074
Sources of Funds For Operations
Fare Revenue
Interest Income
Other Income
Other
State Operating Grant
State Capital Grant
Federal Grants:
Track Access Lease Funding
Federal Operating Funds (Debt service & loans)
Other Federal Revenues
Total Operating Revenues
Surplus/(Deficit) for Operations
Local Subsidy
Net subsidy available for capital match
-4.5%
24,746,215
341,559
4,450,000
4,812,089
20,848,346
6,110,218
16,230,000
6,714,870
84,253,296
24,551,240
145,246
4,650,000
5,052,694
21,473,796
6,293,524
16,880,000
6,714,870
85,761,369
2.1%
2.0%
24,710,823
211,690
4,750,000
5,305,328
22,118,010
6,482,330
17,550,000
6,714,870
87,843,051
0.6%
24,833,579
211,826
5,050,000
5,570,595
22,781,550
6,676,800
18,250,000
6,714,870
90,089,219
0.5%
24,956,336
218,456
5,250,000
5,849,124
23,464,997
6,877,104
18,980,000
6,714,870
92,310,886
0.5% Annual ridership increase
Operating reserve transfer
Sources of Funds for Capital Program
Federal Grants:
Federal funding - 80% of base program
Federal funding - Access Fees
Matching Funds
State Capital Grants - non-federal costs
Local/Other Funds
Net local subsidy available for capital match
Total Sources of Funding for Capital Program
Add'l funds required to fund Operations and Capital:
Additional required for operations/base program
Cumulative Total to Fully Fund Ops and Cap
(1) Note: "Capital Program" does not include leases, debt service, administrative costs and other operating costs.
(2) Increase based on 5% (AAR)
31
Includes debt service and soft capital revenue
(14,206,735)
19,418,181 3% FY16 - FY20
5,211,446
Use of Funds for Capital Program (1)
Capital Cost Base Program
Total Capital Program Costs
Based on annual revenue increase + PTC
17% reserve
P a g e | 32
Virginia Railway Express
Amended Fiscal Year 2014 Budget
December 20, 2013
P a g e | 33
Amended Budget Assumptions for FY 2014
 Revenue



The state operating grant is increased by $3.3M to reflect the higher grant
award.
Federal capital grant funding increased by $14.9M and state capital
funding increased by $270k
NVTA funding introduced in the amount of $30.5M
 Expenses (primarily carry-forward of unspent funds from prior year)




Repairs and Maintenance – Rolling Stock/Locomotives increased by
$600k due to:
o Installation of anti-slip flooring in the Gallery IV railcars ($350k)
o Sand trailers ($55k)
o Off-set brake heads with tooling and equipment for process
improvements and reduced maintenance cycle times ($170k)
o Associated tools ($25k)
Planning - Professional Services increased for NTD boarding counts
sampling and SmarTrip consulting support ($138k)
Safety and Security increased for foliage removal at the Broad Run station
in accordance with the results of the Threat and Vulnerability Assessment
($45k)
Salaries and fringe line items adjusted between departments to reflect
reorganization.
 Capital Program

Additional federal funding of $18.8M for the following projects:
o Purchase of seven replacement railcars in the amount of $8.1M
o Purchase of expansion railcars in the amount of $1.9M
o Acquisition of land at the Crossroads yard and expansion of the
mail dock area and other track work at Ivy City in the amount of
$3.4M for the Equipment Storage project.
o Construction of a maintenance facility at the Crossroads yard in the
amount of $5.4M
P a g e | 34

Jurisdictional funding through NVTA in the amount of $30.5M for the
following projects
o Purchase of expansion railcars in the amount of $19.8M
o Design and construction of a second platform at the Lorton station
in the amount of $7.9M
o Additional funds for the construction of a pedestrian tunnel at the
Alexandria station in the amount of $1.3M
o Continuation of planning and project development for the proposed
Gainesville/Haymarket extension in the amount of $1.5M
In addition, $4.2M is contributed to the capital reserve, from a combination of
FY13 and FY14 surplus funds.
 Use of FY 2013 Surplus
The surplus from FY 2013 operations was $5M, primarily from less than
anticipated operating expenses. The following is recommended for the use of this
surplus:


$3M contribution to the capital reserve (included in the $4.2M noted
above) to provide additional funds to advance projects to be competitive
for discretionary funding, to prepare for future growth, to complete projects
and to take advantage of funding opportunities that require local match.
$2.0M to be used for a one-time cost in the FY 2015 budget for
mobilization funding in the event that the Operations Board chooses to
rebid the operations and maintenance contract.
VRE Fiscal Year 2014 Amended Budget
FY 2014
Budget
FY 2014
Amended
Changes
Revenue:
VRE - Non-Departmental
Fare Revenue
Miscellaneous Revenue
Operating Reserve/Prior Year Carry-forward
Jurisdictional Revenue
Other Revenue/Capital Reserve
NVTA
State Operating Grant
Federal Grants - Operations and Debt
State Grants - Operations and Debt
Federal Grants - Capital Program
State Grants - Capital Program
Interest Income
Total Revenue
36,600,000
166,000
275,000
16,428,800
7,200,000
15,437,429
6,631,344
8,922,400
1,315,300
15,300
92,991,573
36,600,000
166,000
1,068,000
16,428,800
4,517,703
30,500,000
10,474,282
15,437,429
6,631,344
23,773,107
1,584,298
15,300
147,196,263
793,000
4,517,703
30,500,000
3,274,282
14,850,707
268,998
54,204,690
4,400,000
1,579,892
5,979,892
4,400,000
1,421,892
4,232,175
10,054,067
(158,000)
4,232,175
4,074,175
Executive Mgnt and Planning
Salaries/Fringes
Travel/Training/Employee Expenses
Board Member Expenses
Legal/Audit
Consulting/Professional/Other
Total Executive Mgnt and Planning
650,000
29,000
3,000
75,000
38,000
795,000
475,000
29,000
3,000
75,000
38,000
620,000
(175,000)
(175,000)
Passenger Support Services
Salaries/Fringes
Travel/Training/Employee Expenses
Communication/Other
Office Administration Expenses
Total Passenger Support Services
470,000
18,300
226,000
72,000
786,300
271,000
18,300
226,000
72,000
587,300
(199,000)
(199,000)
Public Affairs/Marketing
Salaries/Fringes
Travel/Training/Employee Expenses
Production/Media/Promotion/Other
Special Events/Other
Total Public Affairs/Marketing
316,000
12,950
261,675
151,500
742,125
489,000
12,950
261,675
151,500
915,125
173,000
173,000
Planning
Salaries/Fringes
Travel/Training/Employee Expenses
Professional Services
Ticket Stock/R&M Fare Collection
Total Planning
164,000
32,000
325,750
521,750
384,000
32,000
463,750
879,750
220,000
138,000
358,000
Operations and Communications
Salaries/Fringes
Travel/Training/Employee Expenses
Printing/Admin/Other
Total Customer Communications
539,000
17,000
945,000
1,501,000
450,000
17,000
965,000
1,432,000
(89,000)
20,000
(69,000)
Budget and Finance
Salaries/Fringes
Travel/Training/Employee Expenses
Audit/Maint Service Agreements
Retail Sales/TLC Commissions
Bank Discounts/Other
Total Budget and Finance
749,000
10,000
156,500
1,495,000
277,500
2,688,000
881,000
10,000
156,500
1,495,000
277,500
2,820,000
132,000
132,000
Communication and Info Tech
Salaries/Fringes
Travel/Training/Employee Expenses
Computer Equipment/Software
Communications
Total Communication and Info Tech
218,500
18,500
250,000
782,000
1,269,000
230,000
18,500
250,000
782,000
1,280,500
11,500
11,500
Expenditures:
VRE - Non-Departmental
Liability Insurance
Operating Reserve/Contingency
Capital Reserve
Other
Total VRE - Non-Departmental
35
VRE Fiscal Year 2014 Amended Budget
FY 2014
Budget
Engineering and Capital Projects
Salaries/Fringes
Travel/Training/Employee Expenses
Other Professional Services/Other Expenses
Total Construction and Cap Proj
FY 2014
Amended
Changes
701,000
26,000
152,500
879,500
642,000
26,000
152,500
820,500
(59,000)
(59,000)
246,000
13,500
71,500
594,500
20,000
2,748,000
293,000
3,986,500
235,000
13,500
71,500
594,500
20,000
2,748,000
338,000
4,020,500
(11,000)
45,000
34,000
312,000
5,500
317,500
312,000
5,500
317,500
518,000
139,000
60,000
1,134,000
5,600,000
240,000
2,955,000
10,646,000
572,000
139,000
70,000
1,134,000
5,600,000
240,000
3,555,000
11,310,000
PRTC
Professional Services
Total PRTC
102,000
102,000
102,000
102,000
-
NVTC
Professional Services
Total NVTC
80,000
80,000
80,000
80,000
-
Keolis
Contract Operations and Maintenance
Total Keolis
19,040,448
19,040,448
19,040,448
19,040,448
-
Amtrak
Contract Operations and Maintenance
Total Amtrak
4,459,000
4,459,000
4,459,000
4,459,000
-
Amtrak Access Fees
Access Fees
Total Amtrak Access Fees
5,660,000
5,660,000
5,660,000
5,660,000
-
Norfolk Southern
Access Fees
Contract Operations and Maintenance
Total Norfolk Southern
2,491,552
598,448
3,090,000
2,491,552
598,448
3,090,000
-
CSXT
Access Fees
Contract Operations and Maintenance
Total CSXT
5,170,000
480,000
5,650,000
5,170,000
480,000
5,650,000
-
CIP Expenditures
CIP Expenditures
Total CIP Expenditures
11,153,000
11,153,000
60,413,015
60,413,015
CIP VRE - Non-Departmental
Allowance for Doubtful Accounts
Debt Service
Total CIP VRE - Non-Departmental
50,000
13,594,559
13,644,559
50,000
13,594,559
13,644,559
Total Expenditures
92,991,573
147,196,263
Facilities Maintenance/Safety & Security
Salaries/Fringes
Travel/Training/Employee Expenses
Vehicle/Office/Other Professional Service
Station Electricity/Utilities/Taxes
Materials and Supplies - Stations
Repairs and Maintenance
Station/Yard Security/Other
Total Facilities Maint/Operations and Safety
Purchasing and Contract Admin
Salaries/Fringes
Travel/Training/Employee Expenses
Total Purchasing and Contract Admin
Equipment Operations
Salaries/Fringes
Travel/Training/Employee Expenses
Consulting/Admin/Warehouse Management
Equipment/Warehouse Leases
Utilities
Diesel Fuel
STV Oversight
Repairs and Maintenance - Rolling Stock
Total Equipment Operations
36
-
54,000
10,000
600,000
664,000
49,260,015
49,260,015
54,204,690
VRE Reserve Funds - Actual and Estimated
Description
Amount
Percent of
Ongoing Expenses
Operating Reserve
FY 2013 Actual
FY 2014 Amended Budget
FY 2015 Proposed Budget
14,871,873
15,483,242
16,037,775
18.1%
17.1%
19.7%
Unallocated Capital Reserve
FY 2013 Actual
FY 2014 Amended Budget
FY 2015 Proposed Budget
3,374,046
7,606,221
8,606,221
12/13/13
R:\Executive\Board Kits\2013 Board Kits\December 2013\FY15 Budget\[VRE Reserves FY13 - FY15.xlsx]Summary
VRE Reserves FY13 - FY15
FY14
Jurisdiction
Prince William County
Manassas
Manassas Park
Stafford
Spotsylvania
Fredericksburg
Total
Projected
Fuel Tax
15,247,882
1,430,666
941,227
5,186,886
4,361,503
1,792,673
28,960,837
VRE Subsidy
5,748,203
757,804
574,709
2,529,281
1,313,600
427,728
11,351,325
Net
9,499,679
672,862
366,518
2,657,605
3,047,903
1,364,945
17,609,512
Proposed
VRE Subsidy
5,485,333
686,944
401,762
2,689,391
1,401,382
581,244
11,246,056
Net
9,750,681
742,608
538,733
2,493,458
2,956,726
1,210,037
17,692,243
FY15
Jurisdiction
Prince William County
Manassas
Manassas Park
Stafford
Spotsylvania
Fredericksburg
Total
Projected
Fuel Tax
15,236,014
1,429,552
940,495
5,182,849
4,358,108
1,791,281
28,938,299
Note: Does not include subsidies for other transit agencies, such as PRTC and Fredericksburg Regional Transit
12/13/13
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