1 / 26

Pinellas Suncoast Transit Authority Board of Directors Meeting June 27, 2012

Pinellas Suncoast Transit Authority Board of Directors Meeting June 27, 2012. TODAY. TODAY. TODAY. Revenues. 10% Increase in Fare Revenue $500K more Due to Record Overall Ridership $100K more Due to Under Budgeted TD Bus Pass Revenue

jabir
Download Presentation

Pinellas Suncoast Transit Authority Board of Directors Meeting June 27, 2012

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. Pinellas Suncoast Transit Authority Board of Directors Meeting June 27, 2012

  2. TODAY

  3. TODAY

  4. TODAY

  5. Revenues • 10% Increase in Fare Revenue • $500K more Due to Record Overall Ridership • $100K more Due to Under Budgeted TD Bus Pass Revenue • $500K more Due to Former TD & Medicaid Discounts converting to full price. • Advertising Revenue Up 80% • New Ads on Trolleys very successful.

  6. Ad Valorem Revenue $41.8 Million Property Tax Loss Since FY 2007 * * * * Projected

  7. Ad Valorem Revenue Change Assumptions

  8. TODAY

  9. FY2012 Expenses Below Budget

  10. TODAY

  11. FY2013 DRAFT BUDGET VS. FY2012 PROJECTED ACTUAL

  12. FY2013 Operating Budget Strategies • No Service Cuts – Service Enhancements: • North County Flex Services Implementation • Mid-County Terminal Implementation • Improved Trash/Shelter Cleaning at Lower Cost • Complete Comprehensive Bus Study • No Fare Increases • No Millage Rate Increase • Be Responsible to Staff, 1% Salary Increases Pending FRS Decision & Labor Agreements • Employees Pay 50% of any Increase in Health Insurance. • Defer Capital & Use Federal Funds for Operating at Lower Rate • Use of Reserve Funds to Balance Budget through Up to FY2015

  13. Overtime Reduction Strategy • Current budgeted bus operator positions – 357 • 311 operators work 40 hour shifts (bid) • 46 operators work the “Extra Board” • Extra Board operators are used to cover open work due to the absence of an operator who works a bid shift • Types of absences include: • Vacation, sick leave, personal leave, birthdays, military leave, union business, jury duty, Family Medical Leave, funeral leave, no-pay excused and miss-outs • Average Daily Absences 42 – 46 • Average Extra Board Operators available each weekday – 37 (factor in two days off per week)

  14. Maintain Fares *Red - Highest

  15. IMPROVED TRANSIT AMENITY UPKEEP PROPOSAL BACKGROUND INFORMATION IN 2007: • PSTA spent $499,543.88 toward an annual Contractor Service provided by Spectrum • 900 trash cans serviced weekly • 2,300 bus-shelters pressure washed annually CURRENTLY: • Currently, PSTA is annually spending $291,000.00 on Gulfstar Contract [proposed to be $280,000 in FY2013] • 687 trash-cans serviced weekly [proposed to be 987 in FY2013] • 1,600 bus-shelters pressure washed annually [1800+ in FY2013] • Improved Oversight with Amenity Coordinator Position

  16. Staffing Changes

  17. PSTA Staff Level History

  18. PSTA Reserves

  19. Plan for Reserve Use • Extend Use Of Reserves to FY2015 To Provide Flexibility in Considering Sales Tax Measure: $5.6M • Reduce Use of Federal Grant Funds for Operations: $5.5M • Fund $5.5M Additional in Bus Replacement • Allows for 15 vs. 8 of needed 40 buses to be replaced.

  20. Program of Projects History

  21. Pinellas Suncoast Transit Authority Board of Directors Meeting PSTA 5-YEAR CAPITAL IMPROVEMENT PROGRAM June 27, 2012

  22. Funding for the PSTA CIP

  23. Need for Bus Replacements

  24. CIP Summary

  25. Deferred or Unfunded Projects

More Related