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Business Management Committee April 2013

FY 2014 Proposed Operating & Capital Budgets. Business Management Committee April 2013. Original Assumptions [as Adopted in June 2012]. Steady State S ervice Levels through FY2016

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Business Management Committee April 2013

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  1. FY 2014 Proposed Operating & Capital Budgets • Business Management Committee • April 2013

  2. Original Assumptions [as Adopted in June 2012] • Steady State Service Levels through FY2016 • Continuation of “$0” Annual Salary Increases for all Represented and Non-Represented 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

  3. FY2013 – FY2013 – FY2018 EXPENSE AND REVENUE TRENDS

  4. FY2013 – FY2018 RESERVES BALANCE TREND FY2013 – FY2018 RESERVES BALANCE TREND 4

  5. Vision For the Future • 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 Transit Transformed…

  6. FY14 Proposed Operating Budget

  7. Current and Originally Planned Fare Change *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.

  8. FY2012 – FY2018 Financial Plan

  9. Initiatives Impact on the FY 2018 Reserves Balance • OPTION 1 • RESERVES BALANCE @ $60.7Mat the end of FY2018 • STATUS QUO…NO CHANGES • OPTION 2 • RESERVES BALANCE @ $111.oMat 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)

  10. FY2013 – FY2018 Proposed Financial Plan (Option 1)

  11. Proposed Assumptions & Initiatives [as of April 2013] • 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

  12. Proposed Assumptions & Initiatives [as of April 2013] • 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

  13. Proposed Assumptions & Initiatives [as of April 2013] • 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

  14. FY2013 – FY2018 Proposed Financial Plan (Option 2)

  15. Implemented & Proposed Fare Change *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)

  16. FY2014 Proposed Capital Budget

  17. FY14 Capital Budget Development - Assumptions • 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

  18. FY14 Capital Budget Development – Project Delivery

  19. FY14 Capital Budget - Sources and Uses

  20. FY14 Capital Budget Development – CIP Program Structure

  21. FY14 Capital Budget by Program [$ in Millions]

  22. FY14 Capital Budget – Top Ten Projects by Cost • FY14 Bus Procurement $44,000,000 • Brady Mobility Facility $22,000,000 • Train Control System Upgrade $21,479,774 • Fire Protection System Upgrade $16,407,369 • Buckhead Station North Entrance $11,004,431 • FY14 Mobility Vans $ 9,710,000 • AFC Smart Card Reader Upgrade $ 8,098,033 • Rail Car Reliability Maintenance Program $ 8,000,000 • Facilities Upgrade Program $ 7,500,000 • Vehicle Security Cameras $ 7,270,000 TOTAL $155,539,607 Top Ten Projects consume approximately 54% of the FY14 Budget

  23. Questions ?

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