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Transit Agency Status FY 2011-12

This report provides an overview of the transit agency's current financial position, operations, service statistics/trends, funding statistics/trends, and other relevant information. It includes details on reserves, short-term debt/loans, accounts payable/receivable, staffing level, contract provisions, healthcare, pension, fuel costs, fares, and cost savings initiatives.

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Transit Agency Status FY 2011-12

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  1. Transit Agency StatusFY 2011-12 • Current Financial Position • Current Operations • Service Statistics/Trends • Funding Statistics/Trends • Other Information/Assumptions • Capital Status Review

  2. Current Financial Position: • Reserves

  3. Current Financial Position: • Level of Short-Term Debt/Loans—Identify each line of credit (excludes long-term bond financing)

  4. Current Financial Position: • Accounts Payable – Past due 90 days and over • Accounts Receivable – Past due 90 days and over

  5. Current Operations: • Staffing Level • Contract Provisions • Healthcare • Pension • Fuel • Fares • Other major factors producing cost increases above inflation • Cost Savings Initiatives

  6. Staffing Level/Org Chart • Provide a current organization chart with vacant and new positions. Include a justification for new planned positions.

  7. Contract Provisions • Term of current union contract __N/A______ to __________

  8. Important Contract Provisions • Use of part-time employees • Number/percent of “split shift” drivers • Overtime • Outsourcing • Other

  9. Healthcare • Describe any proposed changes and the estimated financial impacts.

  10. Pension

  11. Pension: • Describe any proposed changes and the estimated financial impacts. • Provide a status of the degree to which the pension funding is funded. If not fully funded please provide your strategy to fully fund pension.

  12. Fuel: • Current Cost per Gallon • Contract rate or market rate? $.04 plus daily Rack price • Terms of contract (if applicable) 5 years, ends June 30, 2012 • Projected Cost per Gallon and Basis for Projection • Contract rate or market rate? See above • Terms of contract (if applicable) See Above

  13. Fixed Route Fares: • Provide average fare: • Current Amount $.824 • Future Amount $1.03 • Describe fare policy: $1 base fare with free transfers for 40 minutes, half fare children 6-12, no fare children 6 and under.

  14. Shared Ride Fares: • Date of Last Fare Increase N/A • Current • Average fare • Sponsorship arrangements • Planned Changes • Date of planned increase • Estimated average fare • Sponsorship arrangements • Describe Fare Policy

  15. Other Major Factors Producing Cost Increases Beyond Inflation:

  16. Cost Savings Initiatives:

  17. Fixed Route Funding

  18. Fixed Route Service Statistics/Trends: • Describe Any Proposed Changes • Describe Any Proposed Changes

  19. Shared Ride Funding

  20. Shared Ride Statistics/Trends

  21. Other Information/Assumptions: • Fixed-Route • Fuel prices level off • Replacement Vehicles put in service on schedule reducing maintenance costs. • Transition to Compressed Natural Gas is successful. • Shared Ride

  22. Capital Status Review • Fixed-Route • See attached file on capital • Shared Ride

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