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Transit Agency Status FY 2011-12. Current Financial Position Current Operations Service Statistics/Trends Funding Statistics/Trends Other Information/Assumptions Capital Status Review. Current Financial Position:. Reserves. Current Financial Position:.
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Transit Agency StatusFY 2011-12 • Current Financial Position • Current Operations • Service Statistics/Trends • Funding Statistics/Trends • Other Information/Assumptions • Capital Status Review
Current Financial Position: • Reserves
Current Financial Position: • Level of Short-Term Debt/Loans—Identify each line of credit (excludes long-term bond financing)
Current Financial Position: • Accounts Payable – Past due 90 days and over • Accounts Receivable – Past due 90 days and over
Current Operations: • Staffing Level • Contract Provisions • Healthcare • Pension • Fuel • Fares • Other major factors producing cost increases above inflation • Cost Savings Initiatives
Staffing Level/Org Chart • Provide a current organization chart with vacant and new positions. Include a justification for new planned positions.
Contract Provisions • Term of current union contract __N/A______ to __________
Important Contract Provisions • Use of part-time employees • Number/percent of “split shift” drivers • Overtime • Outsourcing • Other
Healthcare • Describe any proposed changes and the estimated financial impacts.
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.
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
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.
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
Other Major Factors Producing Cost Increases Beyond Inflation:
Fixed Route Service Statistics/Trends: • Describe Any Proposed Changes • Describe Any Proposed Changes
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
Capital Status Review • Fixed-Route • See attached file on capital • Shared Ride