FY 2014 Proposed Operating & Capital Budgets

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

Steady State Service Levels through FY2016
Continuation of “$0” Annual Salary Increases for all Represented and NonRepresented Employees (represents an eight-year period through the end
of FY 2016)

Fare Increase in FY2014 ($2.75 Base & 40 Pass Multiple) [see attachment]

Reserves @ $1.5M At the end of FY2018 - “FISCAL CLIFF”

Unsustainable HealthCare business model
2
FY2013
–
3
FY2013 – FY2018 RESERVES BALANCE TREND
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
-
(20,000,000)
Without Transformation
Initiatives
FY2013
FY2014
FY2015
FY2016
FY2017
FY2018
109,693,890
85,372,602
62,695,253
39,458,903
14,714,662
(8,124,669)
4







Employee Incentive Payment
Re-opening Restrooms
Healthcare Reform
Operational Business Roadmap
NO Fare Increase in FY14
Security Enhancements
Employee Merit Increase







Service Restoration
Employer of Choice
Improved Public Perception
Improved Employee Morale
Balanced Budget
Sustainability
Regional Transit Provider of Choice
5
6
FY2011
FY2012
FY2013
FY2014
Oct-2010
Oct-2011
Oct-2012
Oct-2013
Base Fare
Reduced Fare *
Mobility Base Fare*
$2.00
$0.90
$2.80
$2.50
$0.95*
$3.80
$2.50
$1.00*
$4.00
$2.75
TBD
TBD
Weekly Pass
$17.00
$23.75
$23.75
$27.50
(8.5)
(9.5)
(9.5)
(10.0)
$68.00
$95.00
$95.00
$110.00
(34.0)
(38.0)
(38.0)
(40.0)
$136.00
$190.00
$190.00
$220.00
$115.00 *
$122.00 *
$128.00
$134.00 *
TMA Discounts
0% to 10%
0% to 10%
0% to 10%
0% to 10%
Children
Height
Requirement 46”
(Max of 2)
Height
Requirement 46”
(Max of 2)
Height
Requirement 46”
(Max of 2)
Height
Requirement 46”
(Max of 2)
Fare Categories
Monthly Pass
Mobility Pass *
* Freezes New Increases Programmed For FY 2012 & Continued Commitment To Stagger FY 2010 Base Fare & FY 2011 Multiple
Pass Fare Changes Through FY 2013 ($1.00) and 2017 ($152.00/month) Respectively.
7
Budget
FY2012
Grand Total All Revenues
Estimate
FY2012
Adopted
FY2013
Projection
FY2014
Projection
FY2015
Projection
FY2016
Projection
FY2017
Projection
FY2018
394,341,454
405,976,000
401,661,025
413,920,668
424,467,027
432,988,493
443,289,578
454,641,806
413,841,969
405,847,299
434,947,016
438,241,956
447,144,375
456,224,843
465,486,920
474,934,238
Impact on Reserves
(19,500,515)
128,701
(33,285,991)
(24,321,288)
(22,677,349)
(23,236,350)
(22,197,341)
(20,292,432)
Remaining Reserves
127,876,191
147,505,407
114,219,416
89,898,128
67,220,779
43,984,429
21,787,087
1,494,655
Net Operating Expenditures
8
OPTION 1
RESERVES BALANCE @ $60.7M at the end of FY2018
STATUS QUO…NO CHANGES
OPTION 2
RESERVES BALANCE @ $111.oM at the end of FY2018
 INCLUDES the Impacts of the following: “ALL IN”
• Employee Pay Incentive in FY2014
• Merit Increase in FY2016
• Service Restoration in FY2017 & FY2018
• Re-Opening Restrooms in FY2015
• Healthcare Reform Initiatives
• Operational Business Roadmap (Implementation plan: FY2013 thru FY2017)
9
Forecast
FY2013
Grand Total All Revenues
Net Operating Expenditures
Revised Net Operating Expenditures
Impact on Reserves
Remaining Reserves
Proposed
FY2014
Projection
FY2015
Projection
FY2016
Projection
FY2017
Projection
FY2018
397,762,964
398,251,191
410,270,777
421,716,726
430,970,456
447,545,777
398,669,191
419,761,179
428,726,232
437,851,034
447,163,835
456,668,449
398,669,191
419,761,179
428,726,232
437,851,034
447,163,835
456,668,449
(906,227)
(21,509,988)
(18,455,455)
(16,134,307)
(16,193,378)
(9,122,672)
142,073,654
120,563,666
102,108,211
85,973,904
69,780,525
60,657,853
10
CUSTOMER RELIEF





STEADY STATE SERVICE LEVELS through FY2016
SERVICE RESTORATION in FY2017
Re-Opening RESTROOMS
“KNUCKLE-HEAD BEHAVIOR” Campaign
SECRET SHOPPERS PROGRAM to monitor/ improve
customer service


NO FARE Increase in FY2014
SECURITY ENHANCEMENTS
•
•
•
Security Cameras on Bus/Rail
Increased Police visibility
“See & Say” App
11
EMPLOYEE RELIEF
 EMPLOYEE INCENTIVE PAYMENT for
Non-Rep & Rep – approximately $8.3M in
December 2013 (FY2014)
 EMPLOYEE MERIT INCREASE in July 2015
(FY2016)
 EMPLOYEE MORALE INCENTIVES
•
•
•
Dress Code – Relaxed Dress Business
Appropriate
Bus Roadeo/Rail Rodeo
Telecommute Policy Implementation
12
FISCAL RELIEF
 Implementation of the Operational Business



Roadmap Recommendations
Healthcare Savings Initiatives
Pension Costs Stabilized
Modest Fare Increases
• Proposed Fare Increase in FY2015 – 15 cents
• Proposed Fare Increase in FY2016 – 10 cents
• Proposed Fare Increase in FY2018 – 10 cents
13
Forecast
FY2013
Grand Total All Revenues
Net Operating Expenditures
Proposed
FY2014
Projection
FY2015
Projection
FY2016
Projection
FY2017
Projection
FY2018
397,762,964
398,251,191
410,270,777
421,716,726
430,970,456
447,545,777
398,669,191
419,761,179
428,726,232
437,851,034
447,163,835
456,668,449
8,315,621
0
0
0
0
5,000,000
5,000,000
8,500,000
8,627,500
8,756,913
1,325,000
1,325,000
1,325,000
1,325,000
(5,000,000)
(10,000,000)
(15,000,000)
(18,000,000)
Proposed Initiatives:
Employee Incentive Payment in FY2014
Service Restoration in FY2017
Merit Increase in FY2016 A21
Re-opening Restrooms
Healthcare Reform Initiatives
Operational Business Roadmap Initiatives (60% of Est.)
12,900
(1,123,423)
(7,373,068)
(12,536,464)
(13,670,653)
(17,176,853)
Net Impact of Proposed Initiatives
12,900
7,192,198
(11,048,068)
(12,711,464)
(13,718,153)
(20,094,940)
398,682,091
426,953,377
417,678,164
425,139,570
433,445,682
436,573,509
(919,127)
(28,702,186)
(7,407,387)
(3,422,843)
(2,475,226)
10,972,268
142,060,754
113,358,568
105,951,181
102,528,338
100,053,112
111,025,380
Revised Net Operating Expenditures
Impact on Reserves
Remaining Reserves
14
Implemented
Proposed
Fare Categories
FY2011
FY2012
FY13/FY14
FY2015
FY2016
FY2018
Oct-2010
Oct-2011
Oct-2012
Jul-2014
Jul-2015
Jul-2017
Base Fare
Reduced Fare *
Mobility Base
Fare*
$2.00
$0.90
$2.50
$0.95*
$2.50
$1.00*
$2.65
$1.10
$2.75
$1.15
$2.85
$1.20
$2.80
$3.80
$4.00
$4.30
$4.50
$4.70
Weekly Pass
$17.00
$23.75
$23.75
$25.25
$26.25
$27.25
(8.5)
(9.5)
(9.5)
(9.5)
(9.5)
(9.6)
Monthly Pass
$68.00
$95.00
$95.00
$101.00
$105.00
$109.00
(34.0)
(38.0)
(38.0)
(38.1)
(38.2)
(38.2)
Mobility Pass *
TMA Discounts
$136.00
$190.00
$115.00 * $122.00 *
0% to 10% 0% to 10%
Height
Children
Height
Requirement 46” Requirement 46”
(Max of 2)
(Max of 2)
$190.00
128.00 *
0% to 10%
$202.00
$210.00
$218.00
TBD
TBD
TBD
0% to 10% 0% to 10% 0% to 10%
Height
Height
Requirement 46”
Requirement 46”
(Max of 2)
(Max of 2)
Height
Requirement
46”
(Max of 2)
Height
Requirement 46”
(Max of 2)
* Freezes New Increases Programmed For FY 2012 & Continues Commitment To Stagger FY 2010 Base Fare &
FY 2011 Multiple Pass Fare Changes Through FY 2013 ($1.00)
15
16
 Projects already under contract or in the very late stages
of the procurement process
 Policy directives in terms of size of Bus and Mobility
procurements
 Project Prioritization Scoring (Expert Choice):
• Life/safety critical projects
• Operations critical projects
 Partial funding for Planning functions
 Partial funding for CIP Support and various business
support functions
17
18
Metropolitan Atlanta Rapid Transit Authority
FY14-FY22 Capital Program Sources and Uses of Funds
[$millions]
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY23
64.7
1.3
1.1
1.2
1.3
0.9
0.6
1.2
0.8
0.8
Revenues
Sales Tax
Federal Funds
Other Revenue
Debt Issue
Total Sources of Funds
174.7
51.7
2.7
138.0
431.8
181.2
30.4
2.7
250.0
465.7
189.5
14.3
2.8
231.0
438.7
198.6
17.2
2.9
192.0
411.9
210.7
18.9
3.0
162.0
395.9
222.9
12.9
3.0
188.0
427.7
229.5
13.0
3.1
243.0
489.3
235.3
13.0
3.2
201.0
453.7
249.1
23.1
3.3
123.0
399.3
263.2 2,154.7
49.3
243.8
3.3
30.0
60.0 1,788.0
376.6
Expenditures
Capital Program Summary
Debt Service (Bonds & CP)
289.4
141.1
316.7
147.9
273.6
163.8
234.8
175.8
208.9
186.1
229.3
197.8
276.5
211.6
229.1
223.8
199.3
199.2
164.0 2,421.5
211.9 1,859.0
Total Uses of Funds
430.5
464.5
437.4
410.6
395.0
427.1
488.1
452.9
398.5
376.0
Beginning Balance
Totals
19
20
[$ in Millions]
FY '14 CIP By
Program Category
Maintenance of Way
Total
Ten-Year
CIP
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
$51.9
$14.0
$10.8
$2.8
$3.9
$1.6
$5.0
$4.8
$3.8
$3.3
$1.8
Vehicles
$567.6
$65.5
$62.3
$70.6
$57.2
$66.4
$65.8
$46.9
$42.1
$41.6
$49.2
Systems
$1,171.3
$125.0
$159.9
$141.5
$137.0
$95.4
$106.7
$155.9
$116.3
$78.1
$55.3
Facilities
$390.6
$61.4
$59.8
$35.3
$17.4
$26.4
$31.8
$48.9
$36.7
$45.9
$27.0
Non-Asset
$241.0
$23.4
$23.9
$23.5
$19.4
$19.2
$20.1
$20.1
$30.2
$30.5
$30.8
$2,422.4
$289.4
$316.8
$273.7
$234.9
$209.0
$229.4
$276.6
$229.2
$199.4
$164.1
Total FY ' 14 CIP
21










FY14 Bus Procurement
Brady Mobility Facility
Train Control System Upgrade
Fire Protection System Upgrade
Buckhead Station North Entrance
FY14 Mobility Vans
AFC Smart Card Reader Upgrade
Rail Car Reliability Maintenance Program
Facilities Upgrade Program
Vehicle Security Cameras
TOTAL
$44,000,000
$22,000,000
$21,479,774
$16,407,369
$11,004,431
$ 9,710,000
$ 8,098,033
$ 8,000,000
$ 7,500,000
$ 7,270,000
$155,539,607
Top Ten Projects consume approximately 54% of the FY14 Budget
22
23
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