Transcript Document

2014 Proposed Budget
October 17, 2013
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 Sales Tax receipts are up 6.8% YTD from 2012
 The move from self-insurance to AWC health insurance
reduced expense approximately $1.1m
 Stability:
 Expenses are $1.5m below budget
 Operating revenue is $1m more than budget
 Fuel cost is on target
 Ridership is stable
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 Biggest threat: US tax & budget policy
 Whatcom County housing market improves, although higher
interest rates could affect affordability
 Local Employment improves
 Local construction activity and car sales are up
 Slow steady sales tax revenue growth expected
 Cross border economic exchange continues
 Overall: less risk (see first bullet)
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Revenue
•Sales tax increases 3%
•Fare revenue remains at 2013 levels due to flat ridership and
service levels. No 2014 fare increase.
•Operating grants increase 5%
Expense
• No Health Insurance increase
• PERS rate remains at 9.1% of wages
• 3% Workers Comp increase anticipated
• Flat fuel prices
• 10% employee turnover
• Fleet composition remains at 2013 level; no major procurements
• Salary and Wage Increases:
• Non-Reps: 2.0%
• Paratransit Operators: 3.25%
• Other Represented Employees: 2.25%
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 Smart Bus Planning
 MAP21 Compliance
 Business Process Improvement (Lean) Training
 Trapeze PLAN & InfoAgent version maintenance
 Fleet Diesel Mechanic intern
 Two additional staff positions:
 IT Applications Administrator
 Revenue Analyst
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Whatcom Transportation Authority
Revenue and Expenditures
2014 Budget
2014 Budget
2013 Forecast
2013 Budget
2012 Actuals
Revenue
Fixed Route Revenue
Paratransit Revenue
Contract Revenue
Vanpool Revenue
Total Operating Revenue
Sales Tax Income
Operating Grants
Investment Income
Other Revenue
Total Revenue
2,610,998
71,241
1,438,615
300,000
4,420,854
21,542,281
854,500
125,000
137,400
27,080,035
2,593,498
71,473
1,487,035
292,722
4,444,728
20,331,402
811,303
96,689
142,072
25,826,193
2,731,493
2,609,208
69,625
77,590
1,559,492
1,084,894
265,519
240,365
4,626,129 4,012,056
19,016,105 20,022,608
730,000
634,333
111,000
111,720
103,504
-290,542
24,586,738 24,490,176
Expenses:
Salaries & Wages
Employee Benefits
Outside Services
Parts and Supplies
Fuel
Utilities
Insurance and Claims
General Expense
Training & Meetings
Total Operating Expense
13,174,814
5,887,519
1,373,833
1,871,360
1,783,000
335,661
452,000
135,987
156,972
25,171,146
12,406,956
5,592,045
1,310,662
1,504,359
1,768,646
318,918
407,606
139,018
146,396
23,594,607
12,194,131 11,792,526
6,716,734
5,470,405
1,267,407
773,509
1,486,684
1,334,906
1,770,000
1,805,187
320,015
292,575
409,000
354,992
134,255
151,659
122,167
64,194
24,420,393 22,039,953
1,908,889
2,231,586
166,345
2,450,223
3,587,825
4,097,247
4,292,863
3,728,875
Net Income
-1,678,936
-1,865,660
-4,126,519
-1,278,652
Capital Expenditures
Grants & Contributions
Net Capital
4,803,000
2,560,000
2,243,000
10,288,661
8,228,235
2,060,426
11,162,600
3,960,000
7,202,600
10,147,198
1,073,931
9,073,267
-334,111
171,161
-7,036,255
-6,623,044
Net Income from
Operations
Depreciation
Est Cashflow Impact
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Whatcom Transportation Authority
Capital and Grants
2014 Budget
Project
Carryover Projects (2013):
Mobile Data Terminals
Web Upgrade/Mobile App
VOIP Phone System
Workforce Mgt System
Farebox System
Total Carryover Projects
Cost
Grants
WTA Pays
225,000
100,000
200,000
700,000
560,000
2,500,000
2,000,000
$3,725,000 $2,560,000
Cost
2014 Projects:
Vanpool vans
85,000
Vanpool GPS units
30,000
Vanpool database
70,000
Staff Vehicles (3)
98,000
Diagnostic system (fleet, gas)
15,000
Facilities Infrastructure
150,000
Facilities Reconfiguration /Improvement 90,000
Bus Hoist
250,000
Finance Systems
200,000
Route Improvements
50,000
Trazpeze Ridership Survey System
40,000
Total 2014 Projects
$1,078,000
Grants
-
225,000
100,000
200,000
140,000
500,000
$1,165,000
WTA Pays
85,000
30,000
70,000
98,000
15,000
150,000
90,000
250,000
200,000
50,000
40,000
$1,078,000
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