1 / 17

2014/15 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

herb
Download Presentation

2014/15 Budget

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2014/15Budget Nevada County Department of Public Works Transit Services Division March 2014

  2. Transit Services….Rolling Forward on a Positive Path

  3. 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. Monday-Friday • Minimal GCS route efficiency adjustments (no service reductions)

  4. FY2014-15Revenue

  5. 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.

  6. 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.

  7. Operations Revenue Trends

  8. FY 2014-15 Expenses

  9. 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.

  10. 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.

  11. Operations Expenses Trends

  12. Capital Projects Expense FY 14/15 • Prop 1B-PTMISEA Bus Stop Improvements $250,000 • Prop 1B – PTMISEA Vehicle Replacement $300,000 • Prop 1B PTMISEA– Transit Technology $250,000 TOTAL $ 800,000

  13. Transit Revenue Reserves . • The remaining revenue reserve balance will be available for service expansion with • 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.

  14. QUESTIONS ????

More Related