MINUTES OF REGULAR BOARD MEETING OF SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY ... ·...

MINUTES OF REGULAR BOARD MEETING OF

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY MAY 26, 2016

The Regular Meeting Pennsylvania Transportation 26, 2016 at 3:05 PM, in the Chairman in the Chair.

Present

of the Board of the Southeastern Authority was held on Thursday, May Board Room of the Authority, with the

Attending the meeting were the following Board members:

Pasquale T. Deon, Sr., Chairman Thomas E. Babcock, Vice Chairman Beverly Coleman Honorable Dwight Evans Robert D. Fox, Esquire Honorable Stewart J. Greenleaf Kevin L. Johnson, P. E. (via telephone) John I. Kane Daniel J. Kubik Kenneth E. Lawrence, Jr. (via telephone) Honorable Charles H. Martin William M. Mcswain, Esquire (via telephone) Clarena I.W. Tolson Honorable Michael A. Vereb (via telephone)

Present from the staff:

Jeffrey D. Knueppel, General Manager Richard G. Burnfield, Deputy General Manager/Treasurer Gino J. Benedetti, Esquire, General Counsel Stephen A. Jobs, Controller Carol R. Looby, Secretary Kim Scott Heinle, AGM - Customer Service Ronald Hopkins, AGM - Operations Francis E. Kelly, AGM - Government & Public Affairs Robert L. Lund, AGM - Engineering, Maintenance & Construction

Mr. Deon called the Regular Meeting of the Board to order. Mr. Deon said the Special Meeting, which was noticed, was cancelled. He announced that Kevin Johnson, Ken Lawrence, Bill Mcswain and Representative Vereb would be participating by telephone. Messrs. Johnson, Lawrence and Mcswain and Representative Vereb all acknowledged their presence.

Pledge of Allegiance was observed.

Mr. Deon announced that the Board met in Executive Session just prior to the meeting to discuss legal matters.

Minutes of the Regular Board Meeting May 26, 2016

Mr. Deon stated that if there were speakers who wished to address agenda items they would be called before the Board voted on the i tern and asked that they limit their remarks to three minutes. He said speakers wishing to address i terns not on the agenda would be called after the regular business of the Board was completed.

Approval of Minutes

Chairman Deon entertained a Motion regarding the Minutes of the April 28th Regular Board Meeting, which had been circulated. Mr. Kubik moved, Representative Evans seconded, and the Minutes were unanimously approved.

Financial Report

Mr. Burnfield reported that City Transit ridership for the month increased over last year by one percent. He noted that for the month regional rail ridership was slightly above last year and suburban transit ridership was down three percent. He stated that the total operating revenue for the month was $1.2 million below budget.

Mr. Burnfield reported that expenses were under budget by $2.4 million with fuel and labor expenses under budget and the operating subsidies were slightly under budget.

Mr. Burnfield reported that for surplus of $845,000 and year-to-date surplus of $1.1 million.

the month, there was

there was a an operating

Chairman Deon entertained a Motion to adopt the Financial Report. Representative Evans moved, Ms. Coleman seconded and it was unanimously adopted.

The April Financial Report is received and filed and is attached to these Minutes as Exhibit "A."

Chairman agenda items.

Deon then called for speakers wishing to address There was no response.

Consent Calendar

Chairman Deon then presented the Consent Calendar, which consisted of:

"Adoption of the Operating Budget for Fiscal Year 2017 and Fiscal Years 2018-2022 Financial Projections;"

"The Capital Budget for Fiscal Year 2017, the Twelve-Year Capital Program and Comprehensive Plan, and Grant of Authority to File an Application for a State Grant Under Act 44 of 2007, as Amended by Act 89 of 2013;"

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"Award of a Consulting Service Contract Pursuant to a Request for Proposals;"

"Authorization to Execute Consultant Amendments;"

"Authorization to Enter into a Series of Permanent Easements and Temporary Construction Easements with Swarthmore College in Connection with Various Improvement Projects in the Borough of Swarthmore, Delaware County;"

"Acquisition from Littlewood Real Estate Partners, LLC of a Parcel of Property Used as a Parking Lot Located Near Malvern Passenger Station in Chester County, Pennsylvania;"

"Award of a Contract Pursuant to a Request for Proposals;"

"Authorization to Award Contracts for Various Procurements";

"Award of Various Contracts for Sole Source Procurements;"

and

"Authorization to Execute Change Orders."

Mr. Deon stated Calendar were reviewed public session.

that by

all of the items on the Consent the appropriate Board Cammi ttees in

Mr. Deon entertained a Motion to adopt the Resolutions. Representative Evans moved, Ms. Coleman seconded and the following Resolutions were unanimously adopted, with Mr. Kubik abstaining on Item III.B.3.

I.A. ADOPTION OF THE OPERATING BUDGET FOR FISCAL YEAR 2017 AND FISCAL YEARS 2018-2022 FINANCIAL PROJECTIONS

"WHEREAS, SEPTA's enabling act at 74 Pa.C.S. § 1751(a) requires the Board to adopt an operating budget prior to the beginning of each fiscal year and authorizes the Board to "establish such rules as are necessary for proper observance" of such budget; and

WHEREAS, the Public Transportation Law requires the Board to adopt by June 30 annually a series of Operating Goals and Performance Evaluation Measures; and

WHEREAS, the Public Transportation Law Board to adopt a resolution that authorizes application for a state grant; and

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also the

requires the filing of an


THE TENTATIVE OPERATING BUDGET

WHEREAS, on March 25, 2016 the General Manager filed with the Board the tentative Operating Budget Proposal for Fiscal Year 2017 which sets forth revenue and operating expense levels, as well as Fiscal Years 2018-2022 Financial Projections; and

WHEREAS, the tentative Operating Budget for Fiscal Year 2017 sets an authorized spending level of $1.407 billion, with revenues totaling $ 53 7 million and subsidies of $ 8 7 0 million; and

PUBLIC HEARING

WHEREAS, pursuant to applicable law and the rules and regulations that became effective on March 1, 2010, the Chairman appointed Joseph M. O' Malley, Esquire, as Hearing Examiner to conduct public hearings with respect to the tentative Operating Budget for Fiscal Year 2017; and

WHEREAS, after appropriate publication and posting the Hearing Examiner presided over public hearings, the sessions of which were held on April 25, 26, 27, 28 and 29, 2016 at convenient and accessible locations in Bucks, Chester, Delaware, Montgomery and Philadelphia Counties; and

WHEREAS, persons who desired to do so were given the opportunity to appear at the sessions of the public hearings to present testimony, to introduce material and to ask questions of SEPTA's representatives; and

WHEREAS, based on the testimony, evidence and exhibits presented at the public hearings or otherwise entered into the record, on May 6, 2016 the Hearing Examiner presented to the Board a Report and Recommendation; and

WHEREAS, the Hearing Examiner recommended that the Board adopt the tentative Fiscal Year 2017 Operating Budget at the proposed level of $1.407 billion, and the Fiscal Years 2018-2022 Financial Projections; and

USES OF STATE FUNDS

WHEREAS, SEPTA will apply the financial assistance obtained through Act 44 of 2007, as amended by Act 89 of 2013, and local matches to SEPTA's projected operating expenses; and

WHEREAS, SEPTA recognizes that financial assistance obtained through Act 44 of 2007, as amended by Act 89 of 2013, and local matches ( i) may only be applied to operating expenses, (ii) are ineligible for use in asset or capital improvement projects and (iii) if not used in Fiscal Year 2017 will be retained and used for only operating assistance in a subsequent fiscal year; and

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RECOMMENDATION OF MANAGEMENT

WHEREAS, staff requested that the General Manager recommend that the Board (i) adopt the tentative Operating Budget for Fiscal Year 2017, at an expense level of $1. 407 billion; and (ii) adopt the Fiscal Years 2018-2022 Financial Projections; and

WHEREAS, the General Manager made the recommendation to the Board.

NOW, THEREFORE, BE IT RESOLVED, that upon consideration of the testimony taken and evidence presented at the public hearings or otherwise entered into the record, the Report and Recommendation of the Hearing Examiner and the arguments and/or other material presented at the public hearings, the Board hereby adopts (i) the Fiscal Year 2017 Operating Budget authorizing expenditures of $1.407 billion during Fiscal Year 2017; and (ii) the Fiscal Years 2018-2022 Financial Projections as set forth above and more fully described in the pertinent staff summary.

FURTHER RESOLVED, that the Board hereby designates the General Manager the Authorized Official ("AO") of SEPTA and authorizes the General Manager as Authorized Official to execute and file electronically via "dotGrants" with the Department of Transportation of the Commonwealth of Pennsylvania ("PennDOT"), on behalf of the Board, a consolidated operating application ( "COA") in which SEPTA requests grant funding for Fiscal Year 2017 under § 1513 and § 1516 of Act 44 of 2007, as amended by Act 89 of 2013. The § 1513 and § 1516 grants will be used to fund SEPTA's operating and shared ride programs, respectively.

FURTHER RESOLVED, that pursuant to guidelines ("Guidelines") that PennDOT issued and imposed upon SEPTA, the Board:

(i) adopts Attachment A of this Resolution, namely the list that management issued in conformity with the Guidelines, said list identifies each submission that SEPTA may be required to make to PennDOT and the corresponding senior management position or positions whose duties and responsibilities make the holder of the senior management position or positions competent to make submissions (and modify submissions) to PennDOT; and

(ii) Authorize the people who hold the positions identified on the list to file and execute electronically via "dotGrants" to PennDOT as are set forth on the list (Attachment A) .

FURTHER RESOLVED, that SEPTA expects to receive COA grant funding for Fiscal Year 2017 totaling $651,530,039.

FURTHER RESOLVED, the amended by Act 89 of 2013,

funding under Act 44 of 2007, as consists of § 1513 and § 1516 in the

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amounts of $635,514,973 and $16,015,066, respectively, with § 1513 including funding that SEPTA must disburse amongst two sub-grantees in the amount of $37,487 that provide senior citizens free transit service and to five sub-grantees in the amount of $2, 963, 100 to provide community transportation (formerly JARC funded) within SEPTA's service area.

FURTHER RESOLVED, that SEPTA expects to receive no less than $94,877,158 in local matching funds no later than June 30, 2017 for Fiscal Year 2017 as § 1513 of Act 44 of 2007 requires as amended by Act 89 of 2013.

FURTHER RESOLVED, that based upon (i) the representation and reasonable belief of the management of SEPTA, (ii) the understanding that the Board has no authority over any entity other than SEPTA, and (iii) the historical commitments of local funding, the Board hereby certifies in good faith that the Counties of Bucks, Chester, Delaware, Montgomery and Philadelphia and other appropriate local sources will provide sufficient funds in Fiscal Year 2017 and that said funds will match the financial assistance for operating expenses that SEPTA will receive under Act 44 of 2007, as amended by Act 89 of 2013.

FURTHER RESOLVED, that the Board hereby authorizes the proper officers of SEPTA to execute all documents, in form approved by the Office of General Counsel, and to do any and all other things as shall be necessary and proper in order to effectuate the purpose of this Resolution."

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Minutes May 26,

of the Regular Board Meeting 2016

ATTACHMENT A

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY EMPLOYEES AUTHORIZED TO SUBMIT AND MODIFY THE PENNSYLVANIA DEPARTMENT OF TRANSPORTATION'S DOTGRANTS OBJECTS

Registration - Projected Unaudited Audited Grant Organization Grant Legacy Actual Legacy Actual Legacy Agreement

Core Info Applications Budget Budget Budget" Execution Invoices

Authorized to Submit & Modify

General General General General General Chairman of SEPT A General

Manager Manager Manager Manager Manager Board Manager

Deputy General Deputy General Deputy General Deputy General General Deputy General

Manager I Treasurer Manager I Treasurer Manager I Treasurer Manager I Treasurer Manager Manager I Treasurer

Chief Financial Chief Financial Chief Financial Chief Financial Deputy General Chief Financial

Officer Officer Officer Officer Manager I Treasurer Officer

Director, Director, Director, Director, Chief Financial Director, Admin. &

Operating Budgets Operating Budgets Operating Budgets General Accounting Officer Finance (CCT)

Director, Director, Manager, Rev. Acctg. Manager, Manager, Cash Mgt.,

Capital Budgets Capital Budgets Oper. Grants & FA General Accounting Accts. Pay. & Billings

Director, Admin. & Manager, Rev. Acctg. Senior Manager, Rev. Acctg. Manager, Financial

Finance (CCT) Oper. Grants & FA Accountant Oper. Grants & FA Audit (CCT)

Director, Manager, Capital Supervisor,

General Accounting Grant Development Billings

Progress Reports

General

Manager Deputy General

Manager I Treasurer

Chief Financial

Officer

Director,

General Accounting

Director,

Operating Budgets

Director,

Capital Budgets

Manager,

Gen. Accounting

Manager, Manager, Senior Manager, Rev. Acctg.

General Accounting Capital Budgets Accountant Oper. Grants & FA Manager, Rev. Acctg Senior .A.ccountant Manager, Capital

Oper. Grants & FA Accountant Grant Development

Manager, Cash Mgt., Manager,

Accts. Pay. & Billings Capital Budgets

Manager, Capital

Grant Development

Manager,

Capital Budgets

Manager, Financial

Audit (CCT)

Supervisor,

Billings

Senior

Accountant

* PennDOT requires the Audited Actual Legacy Budget to be submitted by the chief operating officer (such as Executive Director, General Manager, etc).

I.B. PROGRAM APPLICATION 89 OF 2013

THE CAPITAL BUDGET FOR FISCAL YEAR 2017;THE TWELVE-YEAR CAPITAL COMPREHENSIVE PLAN; AND GRANT OF AUTHORITY TO FILE AN AND

FOR A STATE GRANT UNDER ACT 44 OF 2007, AS AMENDED BY ACT

"WHEREAS, SEPTA's enabling act at 74 Pa.C.S. § requires SEPTA annually to adopt a capital budget and a program covering the ensuing 12 years; and

1751(a) capital

THE TENTATIVE CAPITAL BUDGET

WHEREAS, on April 1, 2016 the General Manager filed with the Board the tentative Capital Budget in the amount of $548.63 million for Fiscal Year 2017, and the tentative Twelve-Year Capital Program and Comprehensive Plan totaling $7.3 billion for Fiscal Years 2017-2028; and

Year the term

WHEREAS, SEPTA's Fiscal Year 2017 Capital Budget and TwelveCapital Program reflects increases in funding as a result of

passage of Act 89 of 2013 which provides a dedicated, long funding solution for transportation in the Commonweal th,

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thereby enabling SEPTA to move forward with its "Rebuilding the System" Capital Program ("Program"); and

WHEREAS, the Program includes ( i) improvements to critical infrastructure such as substations, bridges, track and stations; (ii) safety and security enhancements, along with modernization of communications and signal equipment; (iii) the KEY Project which will replace antiquated fare collection systems with cutting-edge payment technology; and (iv) replacement of rail vehicles that have far exceeded their useful life, while enhancing accessibility and expanding capacity to address ridership growth; and

WHEREAS, SEPTA selected 12 programs of projects ("Projects") which are identified in the tentative Capital Budget for Fiscal Year 2017 and pertinent staff summary; and

WHEREAS, the proposed recommends the allocation improvements that SEPTA will region; and

Fiscal Year 2017 Capital Budget of $548. 63 million in capital

make throughout the metropolitan

WHEREAS, that in accordance with Treasury Regulation § 1.150-2, SEPTA may temporarily finance from its own funds all or a portion of the costs of the projects described in this Fiscal Year 2017 Capital Budget up to an amount equal to the total costs of the Projects which shall be $548.63 million, and may then use all or a portion of the proceeds of tax-exempt obligations to reimburse itself for expenditures originally paid prior to the date of issuance of the tax-exempt obligations, and all original expenditures which may be reimbursed will be capital expenditures (as defined in Treasury Regulation § 1.150-l(b)) and other permissible amounts under Treasury Regulation§ 1.150-2(d) (3).

STATE FUNDS

WHEREAS, in accordance with Act 44 of 2007, as amended by Act 89 of 2013, SEPTA anticipates that it is eligible to receive from the Public Transportation Trust Fund ("PTTF") of the Commonwealth, the amount of $326.8 million for capital projects for Fiscal Year 2017, so long as SEPTA receives $10.93 million in matching funds from the Counties of Bucks, Chester, Delaware, Montgomery and Philadelphia and other appropriate local sources; and

WHEREAS, SEPTA will apply the financial assistance available through the PTTF and local matches to advance the tentative Fiscal Year 2017 Capital Budget; and

FEDERAL FUNDS

WHEREAS, the Proposed Fiscal Year 2017 Capital Budget also forecasts $210.9 million to come from Federal sources; and

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PUBLIC HEARING

WHEREAS, pursuant to applicable law and the rules and regulations that became effective on March 1, 2010, the Chairman appointed Joseph M. O' Malley, Esquire, as Hearing Examiner to conduct a public hearing with respect to the tentative Capital Budget for Fiscal Year 2017 and the tentative Twelve-Year Capital Program and Comprehensive Plan; and

WHEREAS, after appropriate publication and posting, the Hearing Examiner presided over two sessions of the public hearing, both of which were held on May 2, 2016 at a convenient, accessible location; and

WHEREAS, persons who desired to do so were given the opportunity to appear at the public hearing, to present testimony, to introduce exhibits and other evidence, and to ask relevant questions of the representatives of SEPTA; and

WHEREAS, based on the testimony, evidence, and exhibits presented at the public hearing or otherwise entered into the record, the Hearing Examiner issued to the Board a Report and Recommendation with respect to the tentative Capital Budget for Fiscal Year 2017 and the tentative Twelve-Year Capital Program and Comprehensive Plan for Fiscal Years 2017-2028; and

WHEREAS, in his Report and Recommendation the Hearing Examiner recommended that the Board adopt the tentative Capital Budget and tentative Twelve-Year Capital Program and Comprehensive Plan; and

USE OF STATE FUNDS

WHEREAS, the management of SEPTA has reasonable belief based on historical commitments of local funding that the Counties of Bucks, Chester, Delaware, Montgomery and Philadelphia and other appropriate local sources will provide funds of $10. 93 million that will match the financial assistance for the Fiscal Year 2017 capital projects that SEPTA will request from the Department of Transportation of the Commonweal th of Pennsylvania ("Penn DOT") ; and

WHEREAS, SEPTA recognizes that financial assistance obtained through the PTTF and local matches ( i) may only be applied to capital projects, (ii) are ineligible for use as payment for operating expenses, as defined by PennDOT, and (iii) if not used in Fiscal Year 2017 must be retained and used only for capital projects in a subsequent fiscal year or years; and

RECOMMENDATION OF MANAGEMENT

WHEREAS, staff requested that the General Manager recommend that the Board (i) adopt the Capital Budget for Fiscal Year 2017

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and the Twelve-Year Capital Program and Comprehensive Plan for Fiscal Years 2017-2028, (ii) authorize SEPTA to apply for financial assistance through the PTTF for capital projects for Fiscal Year 2017; and


NOW, THEREFORE, BE IT RESOLVED, that upon consideration of the testimony taken and evidence presented at the public hearing or otherwise entered into the record, together with the arguments and/or other material presented at this meeting of the Board, along with the recommendation of the Hearing Examiner, the Board hereby adopts the Capital Budget for Fiscal Year 2017 and the Twelve-Year Capital Program and Comprehensive Plan for Fiscal Years 2017-2028 as proposed by Management.

FURTHER RESOLVED, that the Board hereby authorizes SEPTA to submit to the Department of Transportation of the Commonwealth of Pennsylvania an application for $326.8 million of financial assistance for capital projects for Fiscal Year 2017 and any other state funds that may be made available for Fiscal Year 2017.

FURTHER RESOLVED, that the Board hereby designates the General Manager the Authorized Official ("AO") of SEPTA and authorizes the General Manager as Authorized Official to execute and file electronically via "dotGrants" with the Department of Transportation of the Commonwealth of Pennsylvania an application or applications in which SEPTA requests financial assistance for capital projects for Fiscal Years 2017-2028 under Act 44 of 2007, as amended by Act 89 of 2013, and other appropriate legislation.

FURTHER RESOLVED, that based upon (i) the representation and reasonable belief of the management of SEPTA, (ii) the understanding that the Board has no authority over any entity other than SEPTA, and (iii) the historical commitments of local funding, the Board hereby certifies in good faith that the Counties of Bucks, Chester, Delaware, Montgomery and Philadelphia and other appropriate local sources will provide funds of no less than $10. 93 million in support of the Fiscal Year 2017 Capital Budget and that said funds will match the financial assistance for capital projects that SEPTA will receive from the PTTF.

FURTHER RESOLVED, that as to financial assistance for capital projects that SEPTA will receive from the PTTF and local matches, the Board certifies that SEPTA (i) will only apply the funds to capital projects, (ii) recognizes that the funds are ineligible for use as payment for operating expenses, as defined by PennDOT, and (iii) will retain the funds not used in Fiscal Year 2017 and will use the funds only for capital projects in a subsequent fiscal year or years.

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FURTHER RESOLVED, that for the purpose of obtaining financial assistance for the Projects, the Board hereby authorizes the proper officers of SEPTA (i) to file applications, in form approved by the Off ice of General Counsel, with the Federal Transit Administration, the Pennsylvania Department of Transportation and all other funding agencies, (ii) to secure commitments of local matching funds and (iii) to give to each of the entities from which funds are sought all necessary assurances, including those specified in the General Resolutions on this subject that the Board adopted on November 17, 197 4, February 22, 1978, and May 26, 1982.

FURTHER RESOLVED, that in accordance with Treasury Regulation § 1.150-2, SEPTA may temporarily finance from its own funds all or a portion of the costs of the projects described in this Fiscal Year 2017 Capital Budget up to an amount equal to the total costs of the projects which shall be $548.63 million, and may then use all or a portion of the proceeds of tax-exempt obligations to reimburse itself for expenditures originally paid prior to the date of issuance of the tax-exempt obligations, and all original expenditures which may be reimbursed will be capital expenditures (as defined in Treasury Regulation§ 1.150-l(b)) and other permissible amounts under Treasury Regulation § 1.150-2 (d) (3).

FURTHER RESOLVED, that the Board hereby authorizes the Chairman, General Manager or his designee, and other proper officers of SEPTA to enter into and to execute such agreements or other instruments, in form approved by the Office of General Counsel, with the funding agencies as may be required in order to obtain funding for the programs and Projects included in the Capital Budget for Fiscal Year 2017 and otherwise to effectuate the purposes of this Resolution.

FURTHER RESOLVED, that the Board hereby authorizes the proper officers of SEPTA to execute all documents, in form approved by the Office of General Counsel, and to do any and all things as shall be necessary and proper in order to effectuate the purpose of this Resolution."

II.A. AWARD OF A CONSULTING SERVICE CONTRACT PURSUANT TO A REQUEST FOR PROPOSALS

"WHEREAS, SEPTA, which has need for the consulting services as described below, has advertised and solicited proposals from firms wishing to propose; and

WHEREAS, SEPTA staff has requested that the General Manager recommend that the Board authorize the award of a contract to the firm listed below because said firm was the successful proposer in the areas for which the request for proposals was issued; and

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WHEREAS, the General Manager recommended that that the Board authorize the award of the contract.

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorize to award subject to the following conditions and the General Manager to execute the following conditions and the General Manager to execute the following contract, in form approved by the Office of General Counsel, subject to the concurrence of the funding agencies, if required, and contingent upon and subject to the proposers satisfactorily meeting all requirements of the terms and conditions of the relevant request for proposals, including the provision of any insurance certificates and full compliance with any applicable Disadvantaged Business Enterprise (DBE) requirements:

1. To AthenianRazak, LLC, for the provision of management services to operate and maintain food and shop locations at Suburban Station Concourse, with services to be performed over a period of ten years scheduled to commence on July 1, 2016, as described in the staff summary on this subject, with caps for premises expenses ( 3. 5%) , management fees ( 4 % ) , administrative costs ( 3. 5%), percentage net income ( 12. 5%) and net income to SEPTA (87.5%), Request for Proposals No. 15-00141-AHAC - Manage, Operate & Maintain Food & Shop Locations at SEPTA' s Suburban Station Concourse."

II.B. AUTHORIZATION TO EXECUTE CONSULTANT AMENDMENTS

"WHEREAS, additional work is required to complete the project identified below; and

WHEREAS, staff reviewed the additional work and the General Manager recommended that the Board authorize SEPTA to enter into the amendment for the additional work.

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes SEPTA to award and the General Manager or his designee to execute the consultant amendment identified below in form approved by the Office of General Counsel, subject to the concurrence of the funding agencies, if required, and to any applicable Disadvantaged Business Enterprise requirements:

1. To Urban Engineers, Inc. , for Amendment No. 3, which provides for additional architectural/engineering and designrelated work for the Villanova Station Improvements Project, at an increase in cost not to exceed $809,921, bringing the total contract price, including all amendments to date, to an amount not to exceed $3,044,711.

2. To CompServices, Inc. d/b/a AmeriHealth Casualty Services, for Amendment No. 5, which provides for a six-month time extension for the Workers' Compensation Managed Care Program and Mandatory Physical Examinations, thereby establishing a new

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contract completion date of December 31, 2016, at an increase in cost not to exceed $4,025,000, bringing the total contract price, including all amendments to date, to an amount not to exceed $52,668,815.

3. To Macro Corporation, for (CSEC 13A) Amendment No. 1, at an increase in cost not to exceed $2, 000, 000, for a total contract amount not to exceed $6,000,000; and to Parsons Transportation Group, for (CSEC 13B) Amendment No. 1, at an increase in cost not to exceed $2, 000, 000, for a total contract amount not to exceed $6,000,000, for the continual utilization of Communications & Signals Engineering Consultant (CSEC 13) services for rail/bus infrastructure and related mass transit projects.

4. To Klein and Hoffman, Inc., for Amendment No. 4, which provides for additional design and construction-related work for the RRD Chestnut Hill West Bridge 0.35 Project, at an increase in cost not to exceed $21, 499, bringing the total contract price, including all amendments to date, to an amount not to exceed $1,062,728."

III.A.1. AUTHORIZATION TO ENTER INTO A SERIES OF PERMANENT EASEMENTS AND TEMPORARY CONSTRUCTION EASEMENTS WITH SWARTHMORE COLLEGE IN CONNECTION WITH VARIOUS IMPROVEMENT PROJECTS IN THE BOROUGH OF SWARTHMORE, DELAWARE COUNTY

"WHEREAS, Swarthmore College ("College") property abuts SEPTA's property in multiple locations in and around the Swarthmore Passenger Station ("Station") and commuter parking lot on the Media-Elwyn Line in the Borough of Swarthmore, Delaware County; and

WHEREAS, the College is in the process of undertaking various improvement projects to its campus, and as part thereof have proposed an alteration of the existing ingress and egress to SEPTA' s outbound parking lot, which would create much needed additional parking for commuters using the Station; and

WHEREAS, the improvement projects will require a series of both permanent easements ("PE") and temporary construction easements ("TCE") between the parties which are summarized as follows:

• Nine (9) PE agreements and three (3) TCE agreements relating to the Town Center West (TCW) Project in the vicinity of the Station. PE Nos. 1, 2, 3, 4, 7 and 9 are from the College to SEPTA; PE Nos. 5,6 and 8 are from SEPTA to the College; and TCE Nos. 10, 11 and 12 are from SEPTA to the College. In addition to the foregoing, the College will grant SEPTA a license for use of an existing duct bank and innerduct for a one-inch fiber optic cable line to support SEPTA's Key Project.

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• Eight ( 8) PE agreements and two ( 2) TCE agreements in the vicinity of SEPTA' s parking lot and Cunningham Fields. PE Nos. 3, 4, 5 and 7 are from the College to SEPTA; PE Nos. 1, 2, 6 and 8 are from SEPTA to the College; and TCE Nos. 9 and 10 are from SEPTA to the College.

WHEREAS, by virtue of the foregoing, SEPTA will acquire approximately 11,023.67 square feet of property from the acquisition of the permanent easements from the College, while the College will acquire approximately 9, 07 5. 67 square feet of property from acquisition of the permanent easements and 15,654.04 square feet of property in temporary construction easements from SEPTA; and

WHEREAS, no SEPTA funds will be expended for the acquisition of either the permanent or temporary construction easements, and all construction on the SEPTA easements will be performed by the College at its sole cost and expenses, with all improvements to be constructed being subject to the prior review and approval of SEPTA's EM&C Division; and

WHEREAS, staff requested that the General Manager recommend that the Board authorize SEPTA to enter into the proposed agreements with the College to acquire/grant the permanent easements and temporary construction easements under the terms and conditions as set forth above and more fully described in the pertinent staff summary, subject to Federal Transit Administration (FTA) concurrence, if necessary.


NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes SEPTA to enter into the proposed agreements with Swarthmore College with respect to the permanent easements and temporary construction easements, under the terms and conditions set forth within the pertinent staff summary.

FURTHER RESOLVED, that the Board hereby authorizes the General Manager or his designee to execute all documents, in form approved by the Office of General Counsel, and to do any and all other things as shall be deemed necessary and proper in order to effectuate the purpose of this Resolution."

III.A.2. AQUISITION FROM LITTLEWOOD REAL ESTATE PARTNERS, LLC OF A PARCEL OF PROPERTY USED AS A PARKING LOT LOCATED NEAR MALVERN PASSENGER STATION IN CHESTER COUNTY, PENNSYLVANIA

"WHEREAS, Littlewood Real Estate Partners, LLC ("Littlewood") owns certain property that is adjacent to a SEPTA parking lot which adjoins the outbound platform of Malvern Passenger Station ("Station") located at 100 North Warren Avenue in Malvern Borough, Chester County, Pennsylvania; and

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WHEREAS, on November 18, 2010, the Board authorized SEPTA to enter into a lease agreement ("Lease") with Littlewood for an approximate 13,125 square foot portion of Littlewood's property ("Parcel") which was used for additional commuter parking ( 41 parking spaces) at the Station, for a period of approximately five (5) years, which would expire on December 6, 2015; and

WHEREAS, on December 15, 2016 the Board authorized SEPTA to enter into a first amendment to the Lease which extended SEPTA's tenancy of the Parcel for an additional 6-month period from December 6, 2015 through June 6, 2016, at a rental rate of $79.6927 per commuter parking space (or $3,267.40 monthly/$39,208.80 annually); and

WHEREAS, for the last six months SEPTA has been in on-going negotiations with Littlewood with respect to the purchase of the Parcel which SEPTA has been leasing; and

WHEREAS, a SEPTA-conducted appraisal was prepared on the Parcel which established a fair market valuation (FMV) of $500,000 which has been offered to Littlewood; and

WHEREAS, in the event that negotiations with Littlewood are proceeding but more time is required, a further extension of the Lease would be desired for a period not to exceed six months, at an additional cost of $20, 584. 62 for the period, representing a rental increase not to exceed five percent (5%); and

WHEREAS, outside legal counsel has recommended that the compensation to be paid to Littlewood be adjusted at the discretion of the General Manager on such terms as may be deemed in the best interests of the Authority, in order to achieve the amicable acquisition of the Parcel; and

WHEREAS, staff requested that the General Manager recommend that the Board authorize SEPTA to enter into an agreement of sale with Littlewood to acquire fee simple title to the Parcel in lieu of condemnation, or if not successful to acquire the Parcel by condemnation, for the FMV purchase price (or estimated just compensation) of $500,000, under the terms and conditions set forth above and more fully described in the pertinent staff summary; and


NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes SEPTA to acquire from Littlewood Real Estate Partners, LLC by agreement of sale in lieu of condemnation, or if not successful by condemnation, the 13,125 square foot Parcel ~djacent to Malvern Passenger Station consistent with the terms and conditions set forth above and within the pertinent staff summary.

15


FURTHER RESOLVED, that the Board hereby authorizes the General Manager or his designee to execute all documents, in form approved by the Office of General Counsel, and to do any and all other things as shall be deemed necessary and proper in order to effectuate the purpose of this Resolution."

III.B. AWARD OF A CONTRACT PURSUANT TO A REQUEST FOR PROPOSALS

"WHEREAS, SEPTA, which has need for the services as described below, has advertised and solicited proposals from firms wishing to propose; and

WHEREAS, SEPTA staff has requested that the General Manager recommend that the Board authorize the award of a contract to the firm listed below because said firm was the successful proposer in the areas for which the request for proposals was issued; and

WHEREAS, the General Manager recommended that that the Board authorize the award of the contract.

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorize to award subject to the following conditions and the General Manager to execute the following conditions and the General Manager to execute the following contract, in form approved by the Office of General Counsel, subject to the concurrence of the funding agencies, if required, and contingent upon and subject to the proposers satisfactorily meeting all requirements of the terms and conditions of the relevant request for proposals, including the provision of any insurance certificates and full compliance with any applicable Disadvantaged Business Enterprise (DBE) requirements:

1. To New Flyer of America, Inc., for the purchase of 525 40-foot low floor diesel electric hybrid buses, along with authorization to award the option of ordering up to 25 additional such hybrid buses (if SEPTA elects to exercise all or part of the option), with delivery of vehicles scheduled to commence in June 2017, as described in the staff summary on this subject, for a total contract amount not to exceed $411,806,693.09 for the base order of 525 buses, and an amount not to exceed $18,917,250 for the option order of up to 25 additional buses, if exercised, Request for Proposals No. 15-00086-AJFK 40-Foot Low Floor Diesel Electric Hybrid Buses."

III.C. AUTHORIZATION TO AWARD CONTRACTS FOR VARIOUS PROCUREMENTS

"WHEREAS, SEPTA advertised and invited bids for the supplies identified below; and

WHEREAS, the firms listed below were the lowest responsive and responsible bidders to the invitation for bids; and

16


WHEREAS, staff requested that the General Manager recommend that the Board authorize SEPTA to award the contracts identified below; and


NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes SEPTA to award and for the General Manager or his designee to execute the contracts identified below in form approved by the Office of General Counsel, subject to and contingent upon the concurrence of the funding agencies, if required, and contingent upon and subject to the vendors satisfactorily meeting all requirements of the bid terms and specifications, including full compliance with any applicable Disadvantaged Business Enterprise requirements:

1. To Engineered Machined Products, Inc., for the purchase of 140 Engineered Machined Products (EMP) retrofit kits (hybrid cooling system) to be used for the New Flyer bus Vehicle Overhaul (VOH) campaign, at a unit price of $13,619.05, with delivery of material scheduled over a period of ten months commencing in June 2016, as described in the staff summary on this subject, for a total contract amount not to exceed $1, 906, 667, Sealed Bid No. 16-00044-ABRV - EMP Retrofit Kits.

2. To Billows Electric Supply Co., Inc., for the purchase of high mast lighting fixtures to be used for the parking lot at Frontier Bus Depot, with deli very of material scheduled within ten weeks after issuance of Notice-to-Proceed, as described in the staff summary on this subject, for a total contract amount not to exceed $11 7, 68 8. 02, Sealed Bid No. 16-0 004 7-ACZC - High Mast Lighting For Frontier Depot.

3. To ABC Construction Company, Inc., to provide all labor, material and equipment for the 61 st Street and Pine Bus Loop Improvement Project, with services to be performed over a period of 300 calendar days after issuance of Notice-to-Proceed, as described in the staff summary for this subject, for a total contract amount not to exceed $572,220, Sealed Bid No. 16-00013-ATMM - 61st and Pine Streets Bus Loop Improvement Project."

III.D. AWARD OF VARIOUS CONTRACTS FOR SOLE SOURCE PROCUREMENTS

"WHEREAS, SEPTA has need for the described below and those supplies and only from the firms listed below; and

supplies and services services are available

WHEREAS, staff reviewed the cost of the supplies and services and the General Manager recommended that the Board authorize SEPTA to award the contracts.

17


NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes SEPTA to award and the General Manager or his designee to execute the contracts identified below, all in form approved by the Office of General Counsel, subject to the concurrence of the funding agencies, if required, and contingent upon and subject to each vendor I contractor satisfactorily providing any required bonds, insurance certificates and/or other documents, and complying with any applicable Disadvantaged Business Enterprise requirements:

1. To Wabtec Passenger Transit Di vision, Westinghouse Air Brake Technology Corporation, for the purchase of replacement parts to be used for the various air dryers, electrical, compression, braking and power cable systems on the Silverliner IV, Silverliner V, B-IV, N-5 and LRV car fleets, with delivery material on an "as required" basis over a period of three years commencing in June 2016, as described in the staff summary on this subject, for a total contract amount not to exceed $14,784,924.

2. To Dellner, Incorporated, for the purchase of replacement parts and Vehicle Overhaul (VOH) material to be used on the M-4 and LRV car fleets, with delivery of material on an "as required" basis over a period of three years commencing in July 2016, as described in the staff summary on this subject, for a total contract amount not to exceed $1,298,125.

3. To GFI Genfare, a Unit of SPX Corporation, for the purchase of 40 remote operator kits to be installed in the new 30-foot MIDI New Flyer buses, at a unit price of $1,623.08, with delivery of material scheduled in July 2016, as described in the staff summary on this subject, for a total contract amount not to exceed $64,923.20.

4. To Protran Technology, LLC, for the purchase of 1, 07 5 bus fleet turn alert systems to be used on the New Flyer and Nova bus fleets, at a unit price of $2,309.51, with delivery of material over a period of 17 months commencing in August 2016, as described in the staff summary on this subject, for a total contract amount not to exceed $2,482,723.25.

5. To Legal Files Software, Inc., for the provision of software maintenance and technical support of proprietary software programs used by SEPTA's Office of General Counsel/Legal Division, with services to be performed over a period of three years scheduled to commence in June 2016, as described in the staff summary on this subject, for a total contract amount not to exceed $84,250.

6. To Mainline Information Systems, Inc., for the provision of continued technical support services for SEPTA's IBM mainframe computer system, with services to be performed over a period of one year scheduled to commence in June 2016, as

18


described in the staff summary on this subject, for a total contract amount not to exceed $144,480.

7. To Active Data Exchange, Inc., for the upgrade and enhancement of the Electronic Procurement System ( ePS) software application, with services to be performed over a period of approximately 12 weeks scheduled to commence in June 2016, as described in the staff summary on this subject, for a total contract amount not to exceed $140,000.

8. To Trapeze Software Group, Inc., for the implementation of the Trapeze Operations Management Module Software Suite (Trapeze Ops) used to support all of the Operations Di vision daily business processes, with services to be provided over a period of 26 months commencing on June 30, 2016, as described in the staff summary on this subject, for a total contract amount not to exceed $6,737,502."

III.E. AUTHORIZATION TO EXECUTE CHANGE ORDERS

"WHEREAS, additional work is required to complete the projects identified below; and

WHEREAS, staff reviewed the cost of the additional work and the General Manager recommended that the Board authorize SEPTA to order the additional work.

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby authorizes SEPTA to award and the General Manager or his designee to execute the change orders/amendments identified below in form approved by the Office of General Counsel, subject to the concurrence of the funding agencies, if required, and to any applicable Disadvantaged Business Enterprise requirements:

1. To USA General Contractors Corporation, for Change Order No. 2, which provides for office damage repair and unused unit cost credits for the Fern Rock Car Wash Roof Replacement Project, at a decrease in cost not to exceed $171,730, bringing the total contract price, including all change orders to date, to an amount not to exceed $2,058,574.

2. To ACS/XEROX Transport Solutions, Inc., a Division of XEROX Corporation, for Change Order No. 11, which provides for additional materials and equipment required for the New Payment Technologies (NPT) System contract, at an increase in cost not to exceed $1, 492, 537, bringing the total contract price, including all change orders to date, to an amount not to exceed $142,018,131."

Chairman Deon then requested Jeff Knueppel to present his report.

19


Report of General Manager

Mr. Knueppel commented that June would be very busy beginning on the 6th when our STOP Hunger at Your Station food drive with Philabundance kicks off. He commented that access to nourishing meals for children becomes even greater in the summer, which makes our 3th annual campaign and the generous support of customers and employees so important in the fight against hunger in the region.

Mr. Knueppel stated that the on Monday, June 13th, we would be introducing the SEPTA Key Early Adopters Program. He stated that this would be the first opportunity for up to 10,000 Transit customers who use a Weekly or Monthly TransPass to begin using these same fare products on a new reloadable, contactless chip SEPTA Key Card. Mr. Knueppel noted that SEPTA staff, including a team of Employee Ambassadors, would be out at the 12 Early Adopter Station locations and in the lobby of this building to introduce customers to the SEPTA Key Card.

Mr. Knueppel mentioned that on Monday, June 20th, the summer construction season begins with Phase 2 on the Crum Creek Viaduct Replacement Project. He stated that a special shuttle bus would operate until Labor Day for service between Elwyn and Swarthmore Stations while new girders, deck, catenary towers, and track are installed. Mr. Knueppel explained that replacement of this 925 foot long, 100 foot high Viaduct built in 1895 was just one of the many Rebuilding System program initiatives we would be advancing this year.

Mr. Knueppel closed by stating that the Authority recently announced a summer pilot partnership with Uber that would offer discounted pricing on rides to/from 11 Regional Rail Stations in Bucks, Chester, Delaware, and Montgomery County. He explained that this pilot would give us an opportunity to test an innovative solution to issues many Suburban Regional Rail customer face including limited parking availability, short term parking constraints resulting from SEPTA construction improvement work, first mile-last mile travel gaps, and easier access to Philadelphia International Airport on SEPTA.

Mr. Deon then called for speakers.

Speaker

Evelyn Benson

Ms. Benson introduced herself and said she was a retired 28 year employee of the Authority. She requested that the Authority provide flyers to her and other retirees that could be distributed in their neighborhoods informing residents about the SEPTA Key.

20


Ms. Benson then discussed the matter of security for operators and fare disputes. She stated that she felt the Authority was losing money by permitting people to ride with several non-paying children who would then sit in the designated senior citizen only seating area.

Ms. Benson closed by requesting information on the senior citizen identification cards.

Chairman requested Mr. meeting.

Adjournment

Deon thanked Ms. Benson for speaking. He then Kelly and Mr. Hopkins to meet with her after the

There being no further business to come before the Board at this Regular Meeting, it was moved by Mr. Kubik seconded by Mr. Kane, and unanimously adopted that the meeting be adjourned at 3:14 PM.

A transcript of this meeting was made by an official court reporter and is made a part of the original Minutes.

Carol R. Looby Secretary

21

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY

FINANCIAL REPORT

APRIL 2016

For Period Ended April 23, 2016

May 10, 2016 trj

@ H t:d H H

~

FINANCIAL REPORT - APRIL 2016

COMMENTARY

Summary of Financial Results and Commentary

GROUP 1 - CONSOLIDATED OPERATIONS

(1.1) Consolidating Statement of Income - (YTD) (1.2) Consolidating Statement of Revenue and Expense - (YTD) (1.3) Consolidating Statement of Income - (One Month) (1.4) Consolidating Statement of Revenue and Expense - (One Month)

GROUP 2 - CITY TRANSIT DIVISION

(2.1) Comparative Statement of Income (2.2) Detail Income Statement - (One Month) (2.3) Detail Income Statement - (YTD)

GROUP 3 - VICTORY DIVISION


GROUP 4 - FRONTIER DIVISION


GROUP 5 - REGIONAL RAIL DIVISION



COMMENTARY

Summary of Financial Results and Commentary

SUMMARY

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY APRIL AND YEAR-TO-DATE RESULTS OF OPERATIONS

The following is a summary of Divisional operating results (i.e. deficit before operating subsidies) and consolidated

results after subsidies for April 2016 and the ten-month period then ended. The results are compared to the Fiscal Year

2016 budget and to the prior year results in the accompanying financial statements.

(IN THOUSANDS) TEN MONTHS

DIVISION MONTH OF APRIL ENDED APRIL 2016 2015 2016 2015

City Transit $ (43,063) $ (39,452) $ (462,329) $ (445,243)

Victory (6,325) (5, 144) (58,560) (56,724)

Frontier (2,010) (1,623) (20,271) (20,420)

Regional Rail (13,430) (15,250) (134,610) (127,014)

Total Deficit Before Subsidies (64,828) (61,469) (675,770) (649,401)

Operating Subsidies 65,673 61,436 676,902 650,367

Surplus/(Deficit) After Subsidies 845 (33) 1, 132 966

Unrealized Investment Gain/(Loss) (55) - 349 1,050 Surplus/(Deficit) after Investment Gain/(Loss) $ 790 $ (33) $ 1,481 $ 2,016

The surplus after subsidies for the month of April was $845 thousand and the cumulative surplus for the ten months

was $1.1 million. Passenger revenue for the month was $1.1 million (or 2.8%) lower than budget. Passenger revenue for

the ten months of Fiscal 2016 was $8.8 million (or 2.2%) lower than budget. Shared Ride Program revenue was $101

thousand lower than budget for the month of April and was $133 thousand (or 0.9%) lower than budget for April year-to

date. Operating expenses for the month of April were $2.4 million better than budget. For the ten-month period, operating

expenses were $10.8 million (or 1.0%) better than budget.

- 1 -

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY APRIL AND YEAR-TO-DATE RES UL TS OF OPERATIONS

DIVISIONAL COMMENTARY ON APRIL AND YEAR-TO-DATE RESULTS

CITY TRANSIT DIVISION

The Division's operations for April 2016 resulted in a deficit before subsidies of $43.1 million for the month and a

year-to-date deficit before subsidies of $462.3 million, which is 1.2% lower than budget.

Passenger revenue for the month of April was $812 thousand (or 3.3%) lower than budget. For the ten months of

Fiscal 2016 total passenger revenue was $7.1 million (or 2.9%) lower than budget. Shared Ride Program revenue for April

year-to-date was $133 thousand (or 0.9%) lower than budget. Operating expenses for the ten-month period were better

than budget.

For the first ten months of the fiscal year, the operating surplus after subsidies was $821 thousand.

VICTORY DIVISION

The Division's operations for April resulted in a deficit before subsidies of $6.3 million bringing the cumulative deficit

before subsidies for the ten months of the fiscal year to $58.6 million, which is 4.1 % better than budget.

Passenger revenue for April was $88 thousand (or 4.7%) lower than budget and for the ten months of Fiscal 2016

was $679 thousand (or 3.5%) lower than budget. Operating expenses for the ten-month period were better than budget.


- 2 -

FRONTIER DIVISION

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY APRIL AND YEAR-TO-DATE RESULTS OF OPERATIONS

Operations for the month of April resulted in a deficit before subsidies of $2.0 million bringing the cumulative deficit

before subsidies for the ten months of the fiscal year to $20.3 million, which is 8.8% better than budget.

Passenger revenue for April was $2 thousand (or 0.4%) better than budget, and for the ten months of Fiscal 2016

was $58 thousand (or 1 .1 % ) lower than budget. Operating expenses for the ten-month period were better than budget.


REGIONAL RAIL DIVISION

Operations for the month of April resulted in a deficit before subsidies of $13.4 million bringing the cumulative deficit

before subsidies for the ten-month period to $134.6 million, which is 2.4% better than budget.

April passenger revenue was $193 thousand (or 1.6%) lower than budget, and year-to-date passenger revenue was

$874 thousand (or 0.7%) lower than budget. Operating expenses for the ten-month period were better than budget.


- 3 -


GROUP 1 - CONSOLIDATED OPERATIONS

(1.1) Consolidating Statement of Income - (YTD) (1.2) Consolidating Statement of Revenue and Expense - (YTD) (1.3) Consolidating Statement of Income - (One Month) (1.4) Consolidating Statement of Revenue and Expense - (One Month)

OPERATING REVENUE§.

Passenger Revenue

Other Operating Revenue

Sub-Total - Operating Revenue

Shared Ride Program

TOTAL REVENUE AVAILABLE FOR OPERATIONS

OPERATING EXPENSES

DEFICIT BEFORE SUBSIDIES

OPERATING SUBSIDIES

SURPLUS AFTER SUBSIDIES

Unrealized Investment Gain/(Loss)

SURPLUS AFTER INVESTMENT GAINllLOSSl

Page 1.1 5/10/16

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CONSOLIDATING STATEMENT OF INCOME

TEN MONTHS ENDED APRIL 23, 2016

(THOUSANDS)

CITY REGIONAL TRANSIT VICTORY FRONTIER RAIL TOTAL DIVISION DIVISION DIVISION DIVISION SEPTA

$ 236,119 $ 18,668 $ 5,462 $ 125,359 $ 385,608 17,004 1,762 586 10,041 29,393

253, 123 20,430 6,048 135,400 415,001 15,210 - - - 15,210

268,333 20,430 6,048 135,400 430,211

730,662 78,990 26,319 270,010 1, 105,981

(462,329) (58,560) (20,271) (134,610) (675,770)

463, 150 58,671 20,309 134,772 676,902

$ 821 $ 111 $ 38 $ 162 $ 1,132 170 13 3 163 349

$ 991 $ 124 $ 41 $ 325 $ 1,481

BUDGET VARIANCE BUDGET AMOUNT AMOUNT PERCENT

$ 394,363 $ (8,755) (2.22) 29,229 164 0.56

423,592 (8,591) (2.03) 15,343 (133) (0.87)

438,935 (8,724) (1.99)

1,116,774 10,793 0.97

(677,839) 2,069 0.31

677,839 (937) (0.14)

$ - $ 1,132

- 349

$ - $ 1,481

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CONSOLIDATING STATEMENT OF REVENUES AND EXPENSES


(THOUSANDS)

CITY TRANSIT VICTORY FRONTIER REGIONAL RAIL DIVISION DIVISION DIVISION DIVISION TOTAL SEPTA -

OPERATING REVENUES BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL -Passenger Revenue $ 243,263 $ 236, 119 $ 19,347 $ 18,668 $ 5,520 $ 5,462 $ 126,233 $ 125,359 $ 394,363 $ 385,608 Shared Ride Program 15,343 15,210 - - - - - 15,343 15,210 Investment Income 634 595 21 28 10 8 372 443 1,037 1,074 Other Income 15,510 16,409 1,618 1,734 570 578 10,494 9,598 28,192 ___2!319

TOTAL OPERATING REVENUE 274,750 268,333 20,986 20,430 6,100 6,048 137,099 135,400 438,935 ~211

OPERATING EXPENSES

Labor, including Paid Absences 335,056 328,881 36,791 36,360 14,754 14,474 105,382 107,802 491,983 487,517 Fringe Benefits 218,047 216,251 22,732 19,549 7,936 6,278 64,698 58,706 313,413 300,784 Material & Services 108,070 118,066 15,975 16,287 2,460 2,683 81,503 79,374 208,008 216,410 Injuries & Damages 21,294 21,294 1,809 1,809 499 499 2,199 2,199 25,801 25,801 Propulsion Power 12,357 11, 151 1,181 1,044 - - 15,544 16,197 29,082 28,392 Fixed Rent 2,245 2,745 120 124 40 42 583 832 2,988 3,743 Fuel 23,816 21,638 3,281 3,653 2,591 2,304 589 409 30,277 28,004 Depreciation 10,535 10,636 170 164 38 39 4,479 4,491 15,222 15,330

TOTAL OPERATING EXPENSES 731,420 730,662 82,059 78,990 28,318 26,319 274,977 270,010 1,116,774 ~981

DEFICIT BEFORE SUBSIDIES (456,670) (462,329) (61,073) (58,560) (22,218) (20,271) (137,878) (134,610) (677,839) (675,770)

OPERATING SUBSIDIES

Federal 21,651 21,987 2,989 2,872 1,063 969 4,363 4,238 30,066 30,066 State 356,659 362,315 50,401 48,423 17,916 16,342 73,559 71,455 498,535 498,535 Local 53,499 54,347 7,560 7,264 2,687 2,451 11,034 10,718 74,780 74,780 Lease Cost/Debt Service 23,761 23,429 123 112 34 32 47,882 47,320 71,800 70,893 Other-Route Guarantees 1,100 1,072 - - 518 515 1,040 1,041 2,658 2,628

TOTAL SUBSIDIES 456,670 463,150 61,073 58,671 22,218 20,309 137,878 134,772 677,839 ~902

SURPLUS AFTER SUBSIDIES $ - $ 821 $ - $ 111 $ - $ 38 $ - $ 162 $ - $ 1,132 Unrealized Investment Gain/(Loss) - 170 - 13 - 3 . 163 . 349

SURPLUS AFTER INVESTMENT GAINl(LOSS) $ . $ 991 $ - $ 124 $ - $ 41 $ . $ 325 $ . ~481

Page 1.2 5/10/16

OPERATING REVENUES

Passenger Revenue

Other Operating Revenue

Sub-Total - Operating Revenue

Shared Ride Program

TOTAL REVENUE AVAILABLE FOR OPERATIONS

OPERATING EXPENSES

DEFICIT BEFORE SUBSIDIES

OPERATING SUBSIDIES

SURPLUS AFTER SUBSIDIES


SURPLUS AFTER INVESTMENT GAIN/(LOSS)

Page 1.3 5/10/16

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CONSOLIDATING STATEMENT OF INCOME

ONE MONTH ENDED APRIL 23, 2016

(THOUSANDS)

CITY REGIONAL TRANSIT VICTORY FRONTIER RAIL TOTAL DIVISION DIVISION DIVISION DIVISION SEPTA

$ 23,791 $ 1,780 $ 527 $ 12,224 $ 38,322 1,661 178 56 1,004 2,899

25,452 1,958 583 13,228 41,221 1,433 - - - 1,433

26,885 1,958 583 13,228 42,654

69,948 8,283 2,593 26,658 107,482

(43,063) (6,325) (2,010) (13,430) (64,828)

43,675 6,408 2,039 13,551 65,673

$ 612 $ 83 $ 29 $ 121 $ 845

(18) (1) - (36) (55)

$ 594 $ 82 $ 29 $ 85 $ 790

BUDGET VARIANCE BUDGET AMOUNT AMOUNT PERCENT

$ 39,413 $ (1,091) (2.77) 2,910 (11) (0.38)

42,323 (1,102) (2.60) 1,534 (101) (6.58)

43,857 (1,203) (2.74)

109,865 2,383 2.17

(66,008) 1,180 1.79

66,008 (335) (0.51)

$ - $ 845

- (55)

$ - $ 790

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CONSOLIDATING STATEMENT OF REVENUES AND EXPENSES


(THOUSANDS)

CITY TRANSIT VICTORY FRONTIER REGIONAL RAIL DIVISION DIVISION DIVISION DIVISION TOTAL SEPTA

OPERATING REVENUES BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL BUDGET ACTUAL -Passenger Revenue $ 24,603 $ 23,791 $ 1,868 1,780 525 $ 527 $ 12,417 $ 12,224 $ 39,413 $ 38,322 Shared Ride Program 1,534 1,433 - - - - - - 1,534 1,433 Investment Income 60 62 2 3 1 1 35 59 98 125 Other Income 1,546 1,599 162 175 57 55 1,047 945 2,812 2,774

TOTAL OPERATING REVENUE 27,743 26,885 2,032 1,958 583 583 13,499 13,228 43,857 42,654

OPERATING EXPENSES

Labor, including Paid Absences 31,624 30,663 3,480 3,333 1,396 1,347 9,865 9,902 46,365 45,245 Fringe Benefits 21,454 21,252 2,222 2,093 770 763 6,025 5,815 30,471 29,923 Material & Services 11,632 11,634 1,814 2,236 258 215 9,587 8,052 23,291 22, 137 Injuries & Damages 1,980 1,980 168 168 46 46 207 207 2,401 2,401 Propulsion Power 1,026 920 108 95 - - 1,501 2,076 2,635 3,091 Fixed Rent 215 429 12 15 4 5 58 100 289 549 Fuel 2,276 1,999 306 327 246 213 55 47 2,883 2,586 Depreciation 1,057 1,071 17 16 4 4 452 459 1,530 1,550

TOTAL OPERATING EXPENSES 71,264 69,948 8,127 8,283 2,724 2,593 27,750 26,658 109,865 107,482

DEFICIT BEFORE SUBSIDIES (43,521) __ (43,063) (6,095) (6,325) (2,141) (2,010) (14,251) (13,430) (66,008) (64,828)

OPERATING SUBSIDIES

Federal 2,061 2,071 298 314 103 97 466 446 2,928 2,928 State 33,944 34,087 5,031 5,289 1,725 1,642 7,843 7,525 48,543 48,543 Local 5,092 5,113 754 794 258 246 1,177 1,128 7,281 7,281 Lease CosUDebt Service 2,314 2,296 12 11 3 3 4,661 4,348 6,990 6,658 Other-Route Guarantees 110 108 - - 52 51 104 104 266 263

TOTAL SUBSIDIES 43,521 43,675 6,095 6,408 2,141 2,039 14,251 13,551 66,008 65,673

SURPLUS AFTER SUBSIDIES $ - $ 612 $ - $ 83 $ - $ 29 $ - $ 121 $ - $ 845

Unrealized Investment Gain/(Loss) - (18) - !1) - - - !36) - (55)

SURPLUS AFTER INVESTMENT GAIN/ILOSSl $ - $ 594 $ - $ 82 $ - $ 29 $ - $ 85 $ - $ 790

Page 1.4 5/10/16


GROUP 2 - CITY TRANSIT DIVISION


BUDGET

AMOUNT

$ 24,603

$

1,606

26,209

1,534

---27,743

71,264

(43,521)

43,521

5, 101

505

15,456

63

Page 2.1 5/10/2016

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY CITY TRANSIT DIVISION

COMPARATIVE STATEMENT OF INCOME PERIOD ENDED APRIL 23. 2016

(THOUSANDS)


THIS YEAR LAST YEAR

ACTUAL

AMOUNT

$ 23,791

$

1,661

25,452

1,433

26,885

69,948

(43,063)

43,675

612 -(18)

594

4,981

420

15,416

54

---ACTUAL

BETTER/

(WORSE)

BUDGET%

(3.30)

3.42

(2.89)

(6 58)

(3.09)

1.85

1.05

0.35

(2.35)

(16.83)

(0.26)

(14.29)

ACTUAL

AMOUNT

$ 23,711

$

1,620

25,331

1,583

26,914

66,366

(39,452)

39,421

(31)

(31)

5,061

485

14,995

63

ACTUAL

BETTER/

(WORSE)

LAST YEAR%

OPERATING REVENUES

0.34 Passenger Revenue

2.53 Other Operating Revenue

0.48 Sub-Total - Operating Revenue

(9.48) Shared Ride Program

(0.11) TOTAL REVENUE AVAILABLE FOR OPERATIONS

(5.40) OPERATING EXPENSES

(9.15) DEFICIT BEFORE SUBSIDIES

10.79 OPERATING SUBSIDIES

SURPLUS/(DEFICIT) AFTER SUBSIDIES


SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS)

(1.58) TOTAL VEHICLE MILES

(13.40) SHARED RIDE PROGRAM IN ABOVE

2.81 REVENUE PASSENGER JOURNEYS

(14.29) SHARED RIDE PROGRAM IN ABOVE

BUDGET

AMOUNT

$ 243,263

16,144

259,407

15,343

274,750

$

731,420

(456,670)

456,670

53,520

5,307

154,935

640


THIS YEAR

ACTUAL

AMOUNT

$ 236,119

17,004

253,123

15,210

268,333

730,662

$

(462,329)

463, 150

821

170

991

51,832

4,378

152,469

599

ACTUAL

BETTER/

(WORSE)

BUDGET%

(2.94)

5.33

(2.42)

(0.87)

(2.34)

0.10

(1.24)

1.42

(3.15)

(17.51)

(1.59)

(6.41)

LAST YEAR

ACTUAL

AMOUNT

$ 241,439

$

15,839

257,278

16,182

273,460

718,703

(445,243)

445,938

695

563

1,258

52,301

4,662

154,399

649

ACTUAL

BETTER/

(WORSE)

LAST YEAR%

(2.20)

7.36

(1.61)

(6.01)

(1.87)

(1.66)

(3.84)

3.86

(0.90)

(609)

(1.25)

(7 70)

$

$

LAST YEAR AMOUNT

23,711 90

1,530 25,331

1,583 26,914

48,819 10,996

1,578 1,059

324 2,536

~ 66,3§§.__

(39,452)

1,903 30,557

4,583 2,240

138 39,43..!._

(3.12_

0

(31)

Page 2.2 5/10/2016

$

$

THIS YEAR ACTUAL BETTER (WORSE) LAST YEAR

AMOUNT %

80 0.34 (28) (31.11) 69 4.51

121 0.48 (150) (9.48)

(29) (0.11)

(3,096) (6.34) (638) (5.80) (402) (25.48) 139 13.13

(105) (32.41) 537 21.18 (17) (1.61)

(3,582) (5.40)

(3,611) (9.15)

168 8.83 3,530 11.55

530 11.56 56 2.50

(30) (21 74) 4,254 10.79

643

(18)

625


DETAIL INCOME STATEMENT ONE MONTH ENDED APRIL 23. 2016

(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL

BUDGET ACTUAL BETTER (WORSE) BUDGET

AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 24,603 $ 23,791 $ (812) (3.30) Investment Income 60 62 2 3.33 Other Income 1,546 1,599 53 3.43

SUB-TOTAL 26,209 25,452 (757) (2.89) Shared Ride Program 1,534 1,433 (101) (6.58)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 27,743 26,885 (858) (3.09)

OPERATING EXPENSES Labor & Fringe Benefits 53,078 51,915 1,163 2.19 Material & Services 11,632 11,634 (2) (0.02) Injuries & Damages 1,980 1,980 Propulsion Power 1,026 920 106 10.33 Fixed Rent 215 429 (214) (99.53) Fuel 2,276 1,999 277 12.17 Depreciation 1,057 1,071 (14) (1.32)

TOTAL OPERATING EXPENSES 71,264 69,948 __ 1,316 1.85

DEFICIT BEFORE SUBSIDIES (43,521) (43,063) 458 1.05

OPERATING SUBSIDIES Federal 2,061 2,071 10 0.49 State 33,944 34,087 143 0.42 Local 5,092 5,113 21 0.41 Lease Cost/Debt Service 2,314 2,296 (18) (0.78) Other - Route Guarantees 110 108 (2) (1.82)

TOTAL OPERATING SUBSIDIES 43,521 ~675 154 0.35

SURPLUS/(DEFICIT) AFTER SUBSIDIES 612 612

Unrealized Investment Gain/(Loss) (18) (18)

SURPLUS/(DEFICIT) After Investment Gain/(Loss) $ ------- $ 594 $ 594

$

$

LAST YEAR AMOUNT

241,439 700

15,139 257,278

16,182 273,460

527,736 115,624 22,810 11,617

1,953 28,474 10,489

718,703

(445,243)

21,631 347,443

52,116 23,546

1,202 445,938

695

563

1,258

Page 2.3 5/10/2016

$

$

THIS YEAR ACTUAL BETTER (WORSE) LAST YEAR AMOUNT %

(5,320) (2.20) (105) (15.00)

1,270 8.39 (4,155) (1.61)

(972) (6.01) (5, 127) (1.87)

(17,396) (3.30) (2,442) (2.11) 1,516 6.65

466 4.01 (792) (40.55)

6,836 24.01 (147) (1.40)

(11,959) (1.66)

(17,086) (3.84)

356 1.65 14,872 4.28 2,231 4.28 (117) (0.50) (130) (10.82)

17,212 3.86

126 (18.13)

(393)

(267)


DETAIL INCOME STATEMENT TEN MONTHS ENDED APRIL 23, 2016

(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL BUDGET ACTUAL BETTER (WORSE) BUDGET AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 243,263 $ 236,119 $ (7,144) (2.94) Investment Income 634 595 (39) (6.15) Other Income 15,510 16,409 899 5.80

SUB-TOTAL 259,407 253,123 (6,284) (2.42) Shared Ride Program 15,343 15,210 (133) (0.87)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 274,750 268,333 (6,417) (2.34)

OPERATING EXPENSES Labor & Fringe Benefits 553,103 545,132 7,971 1.44 Material & Services 108,070 118,066 (9,996) (9.25) Injuries & Damages 21,294 21,294 Propulsion Power 12,357 11,151 1,206 9.76 Fixed Rent 2,245 2,745 (500) (22.27) Fuel 23,816 21,638 2,178 9.15 Depreciation 10,535 10,636 (101) (0.96)

TOTAL OPERATING EXPENSES 731,420 730,662 758 0.10

DEFICIT BEFORE SUBSIDIES (456,670) (462,329) (5,659) (1.24)

OPERATING SUBSIDIES Federal 21,651 21,987 336 1.55 State 356,659 362,315 5,656 1.59 Local 53,499 54,347 848 1.59 Lease Cost/Debt Service 23,761 23,429 (332) (1.40) Other - Route Guarantees 1,100 1,072 (28) (2.55)

TOTAL OPERATING SUBSIDIES 456,670 463,150 __ 6_,480 1.42


Unrealized Investment Gain/(Loss) 170 170

SURPLUS/(DEFICIT) After Investment Gain/(Loss) $ $ 991 $ 991


GROUP 3 - VICTORY DIVISION


BUDGET

AMOUNT ---$

$

1,868

164

2,032

8,127

(6,095)

6,095

-

919

1,076

Page 3.1 12/10/2015

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY VICTORY DIVISION

COMPARATIVE STATEMENT OF INCOME PERIOD ENDED APRIL 23, 2016

(THOUSANDS)


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/

ACTUAL (WORSE) ACTUAL (WORSE) BUDGET

AMOUNT BUDGET% AMOUNT LAST YEAR% AMOUNT

OPERATING REVENUES

$ 1,780 (4.71) $ 1,804 (1.33) Passenger Revenue $ 19,347

178 8.54 179 (0.56) Other Operating Revenue 1,639

1,958 (3.64) 1,983 (1.26) TOTAL REVENUE AVAILABLE FOR OPERATIONS 20,986

8,283 (1.92) 7,127 (16.22) OPERATING EXPENSES 82,059

(6,325) (3.77) (5,144) (22.96) DEFICIT BEFORE SUBSIDIES (61,073)

6,408 5.14 5,141 24.65 OPERATING SUBSIDIES 61,073

83 ~ SURPLUS/(DEFICIT) AFTER SUBSIDIES -

.@ Unrealized Investment Gain/(Loss) --

$ 82 $ (3) SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $ -

936 1.85 888 5.41 TOTAL VEHICLE MILES 9,658

1,104 2.60 1,065 3.66 REVENUE PASSENGER JOURNEYS 11,216


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/

ACTUAL (WORSE) ACTUAL (WORSE)

AMOUNT BUDGET% AMOUNT LAST YEAR%

$ 18,668 (3.51) $ 19, 190 (2.72)

1,762 7.50 1,712 2.92

20,430 (2.65) 20,902 (2.26)

78,990 3.74 77,626 (1.76)

(58,560) 4.11 (56,724) (3.24)

58,671 (3.93) 56,818 3.26

111 94

13 39

$ 124 $ 133

9,347 (3.22) 9,209 1.50

11,209 (0.06) 11,356 (1.29)

$

$

LAST YEAR AMOUNT

1,804 6

173 1,983

5,262 1,352

(59) 151

9 395

17 7,127

(5,144)

263 4,233

635 10

5, 1 '!.L_

(3)

(3)

Page 3.2 5/10/2016

$

$

THIS YEAR ACTUAL BETIER (WORSE) LAST YEAR AMOUNT %

(24) (1.33) (3) (50.00) 2 1.16

(25) (1.26)

(164) (3.12) (884) (65.38) (227) -

56 37.09 (6) (66.67) 68 17.22

1 5.88 (1, 156) (16.22)

~ (22.96)

51 19.39 1,056 24.95

159 25.04 1 10.00

1,267 24.65

86

.. J..!l

85


DETAIL INCOME STATEMENT ONE MONTH ENDED APRIL 23. 2016

(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL BUDGET ACTUAL BETIER (WORSE) BUDGET AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 1,868 $ 1,780 $ (88) (4.71) Investment Income 2 3 1 50.00 Other Income 162 175 13 8.02


OPERATING EXPENSES Labor & Fringe Benefits 5,702 5,426 276 4.84 Material & Services 1,814 2,236 (422) (23.26) Injuries & Damages 168 168 Propulsion Power 108 95 13 12.04 Fixed Rent 12 15 (3) (25.00) Fuel 306 327 (21) (6.86) Depreciation 17 16 1 5.88

TOTAL OPERATING EXPENSES 8,127 8,283 (156) (1.92)

DEFICIT BEFORE SUBSIDIES (6,095) (6,325) (230) (3.77)

OPERATING SUBSIDIES Federal 298 314 16 5.37 State 5,031 5,289 258 5.13 Local 754 794 40 5.31 Lease CosVDebt Service 12 11 (1) (8.33) Other - Route Guarantees

TOTAL OPERATING SUBSIDIES __ 6_,095 6,408 313 5.14


· Unrealized Investment Gain/(Loss) - !1 l Pl

SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $ - $ 82 $ 82

$

$

LAST YEAR AMOUNT

19,190 29

1,683 20,902

55,928 14,683

1,354 1,143

105 4,252

161 77,626

(56,724)

2,912 46,778 7,017

111

56,818

94

~

133

Page 3.3 5/10/2016


$ (522) (2.72) (1) (3.45)

51 3.03 (472) (2.26)

19 0.03 (1,604) (10.92)

(455) (33.60) 99 8.66

(19) (18.10) 599 14.09

(3) (1.86) (1,364) i1.76)

(1,836) (3.24)

(40) (1.37) 1,645 3.52

247 3.52 1 0.90

1,853 3.26

17 (18.09)

(26)

$ __ .. -1ID.


DETAIL INCOME STATEMENT TEN MONTHS ENDED APRIL 23. 2016

(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL BUDGET ACTUAL BETTER (WORSE) BUDGET AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 19,347 $ 18,668 $ (679) (3.51) Investment Income 21 28 7 33.33 Other Income 1 618 1,734 116 7.17


OPERATING EXPENSES Labor & Fringe Benefits 59,523 55,909 3,614 6.07 Material & Services 15,975 16,287 (312) (1.95) Injuries & Damages 1,809 1,809 Propulsion Power 1,181 1,044 137 11.60 Fixed Rent 120 124 (4) (3.33) Fuel 3,281 3,653 (372) (11.34) Depreciation 170 164 6 3.53

TOTAL OPERATING EXPENSES ~059 78,990 3,069 3.74

DEFICIT BEFORE SUBSIDIES --1§1..073) (58,560) 2,513 4.11

OPERATING SUBSIDIES Federal 2,989 2,872 (117) (3.91) State 50,401 48,423 (1,978) (3.92) Local 7,560 7,264 (296) (3.92) Lease CosUDebt Service 123 112 (11) (8.94) Other - Route Guarantees

TOTAL OPERATING SUBSIDIES 61,073 58,671 (2,402) (3.93)


Unrealized Investment Gain/(Loss) - 13 13

SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $ $ 124 $ 124


GROUP 4 - FRONTIER DIVISION


BUDGET

AMOUNT

$

$

--

525

58

583

2,724

(2,141)

2,141

415

276

Page 4.1 5/10/2016

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY FRONTIER DIVISION


(THOUSANDS)


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/



OPERATING REVENUES

$ 527 0.38 $ 497 6.04 Passenger Revenue $ 5,520

56 (3.45) 64 (12.50) Other Operating Revenue 580

583 0.00 561 3.92 TOTAL REVENUE AVAILABLE FOR OPERATIONS 6,100

2,593 4.81 2,184 (18.73) OPERATING EXPENSES 28,318

(2,010) 6.12 (1,623) (23.84) DEFICIT BEFORE SUBSIDIES (22,218)

2,039 (4.76) 1,621 25.79 OPERATING SUBSIDIES 22,218

29 (2) SURPLUS/(DEFICIT) AFTER SUBSIDIES


$ 29 $ (2L SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $

403 (2.89) 415 (2.89) TOTAL VEHICLE MILES 4,360

274 (0.72) 263 4.18 REVENUE PASSENGER JOURNEYS 2,911


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/


AMOUNT BUDGET% AMOUNT LAST YEAR% ---$ 5,462 (1.05) $ 5,518 (1.01)

586 1.03 588 (0.34)

6,048 (0.85) 6,106 (0.95)

26,319 7.06 26,526 0.78

(20,271) 8.76 (20,420) 0.73

20,309 (8.59) 20,453 (0.70)

38 33

3 10 --

$ 41 $ 43

4,320 (0.92) 4,369 (1.12)

2,883 (0.96) 2,953 (2.37)

$

$

LAST YEAR AMOUNT

497 2

62 561

1,965 249

(287) 3

250 4

2,184

(1,623)

81 1,295

194 2

49 1,621

.@_

(2)

Page 4.2 5/10/2016

$

$


30 6.04 (1) (50.00) (7) (11.29) 22 3.92

(145) (7.38) 34 13.65

(333) (2) (66.67) 37 14.80

(4092.. (18.73)

(387) (23.842..

16 19.75 347 26.80

52 26.80 1 50.00 2 4.08

418 25.79

31

31


DETAIL INCOME STATEMENT ONE MONTH ENDED APRIL 23, 2016

(THOUSANDS)




OPERATING REVENUES Passenger Revenue $ 525 $ 527 $ 2 0.38 Investment Income Other Income 57 55 (2) (3.51)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 583 583

OPERATING EXPENSES Labor & Fringe Benefits 2,166 2,110 56 2.59 Material & Services 258 215 43 16.67 Injuries & Damages 46 46 Fixed Rent 4 5 (1) (25.00) Fuel 246 213 33 13.41 Depreciation 4 4

TOTAL OPERATING EXPENSES 2,724 2,593 131 4.81

DEFICIT BEFORE SUBSIDIES (2,141) __ (2,010) 131 6.12

OPERATING SUBSIDIES Federal 103 97 (6) (5.83) State 1,725 1,642 (83) (4.81) Local 258 246 (12) (4.65) Lease Cost/Debt Service 3 3 Other - Route Guarantees 52 51 (1) (1.92)

TOTAL OPERATING SUBSIDIES 2,141 2,039 (102) (4.76)




$

$

LAST YEAR AMOUNT

5,518 9

579 6,106

21,057 2,645

(150) 38

2,895 41

26,526

(20,420)

1,024 16,442

2,466 31

490 20,453

33

10

43

Page 4.3 5/10/2016

$

$


AMOUNT %

(56) (1.01) (1) (11 .11) (1) (0.17)

(58) (0.95)

305 1.45 (38) (1.44)

(649) (4) (10.53)

591 20.41 2 4.88

207 0.78

149 0.73

(55) (5.37) (100) (0.61)

(15) (0.61) 1 3.23

25 5.10 (144) (0.70)

5 (15.15l_

EL

(2)



(THOUSANDS)




OPERATING REVENUES Passenger Revenue $ 5,520 $ 5,462 $ (58) (1.05)

Investment Income 10 8 (2) (20.00)

Other Income 570 578 8 1.40


OPERATING EXPENSES Labor & Fringe Benefits 22,690 20,752 1,938 8.54

Material & Services 2,460 2,683 (223) (9.07)

Injuries & Damages 499 499

Fixed Rent 40 42 (2) (5.00)

Fuel 2,591 2,304 287 11.08

Depreciation 38 39 (1) (2.63)

TOTAL OPERATING EXPENSES 28,318 26,319 1,999 7.06

DEFICIT BEFORE SUBSIDIES (22,218) (20,271) 1,947 8.76

OPERATING SUBSIDIES Federal 1,063 969 (94) (8.84)

State 17,916 16,342 (1,574) (8.79)

Local 2,687 2,451 (236) (8.78)

Lease CosUDebt Service 34 32 (2) (5.88)

Other - Route Guarantees 518 515 (3) (0.58)






GROUP 5 - REGIONAL RAIL DIVISION


BUDGET

AMOUNT

$

$

--12,417

1,082

13,499

27,750

(14,251)

14,251

1,616

2,970

Page 5.1 5/10/2016

SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY REGIONAL RAIL DIVISION


(THOUSANDS)


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/



OPERATING REVENUES

$ 12,224 (1.55) $ 12,416 (1.55) Passenger Revenue $ 126,233

1,004 (7.21) 952 5.46 Other Operating Revenue 10,866

13,228 (2.01) 13,368 (1.05) TOTAL REVENUE AVAILABLE FOR OPERATIONS 137,099

26,658 3.94 28,618 6.85 OPERATING EXPENSES 274,977

(13,430) 5.76 (15,250) 11.93 DEFICIT BEFORE SUBSIDIES (137,878)

13,551 (4.91) 15,253 (11.16) OPERATING SUBSIDIES 137,878

121 3 SURPLUS/(DEFICIT) AFTER SUBSIDIES

(36) Unrealized Investment Gain/(Loss)

-$ 85 $ 3 SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $

1,586 (1.86) 1,607 (1.31) TOTAL VEHICLE MILES 17,016

2,982 0.40 2,994 (0.40) REVENUE PASSENGER JOURNEYS 31,106


THIS YEAR LAST YEAR

ACTUAL ACTUAL

BETTER/ BETTER/


AMOUNT BUDGET% AMOUNT LAST YEAR%

$ 125,359 (0.69) $ 125,413 (0.04)

10,041 (7.59) 10,412 (3.56)

135,400 (1.24) 135,825 (0.31)

270,010 1.81 262,839 (2.73)

(134,610) 2.37 (127,014) (5.98)

134,772 (2.25) 127,158 5.99

162 144

163 438 -

-$ 325 $ 582

16,692 (1.90) 16,855 (0.97)

30,825 (0.90) 30,900 (0.24)

$

$

LAST YEAR AMOUNT

12,416 57

895 13,368

19,911 7,025 (327)

1,472 44 53

440 28,618

(15,250)

664 10,629

1,595 2,286

79

15,25.:L

3

3

Page 5.2 5/10/2016

$

$


AMOUNT %

(192) (1.55) 2 3.51

50 5.59 (140) (1.05)

4,194 21.06 (1,027) (14.62)

(534) (604) (41.03)

(56) 6 11.32

(19) (4.32) 1,960 6.85

1,820 11.93

(218) (32.83) (3,104) (29.20)

(467) (29.28) 2,062 90.20

25 31.65 (1,702) (11.16)

118

(36)

82


DETAIL INCOME STATEMENT ONE MONTH ENDED APRIL 23, 2016

(THOUSANDS)




OPERATING REVENUES Passenger Revenue $ 12,417 $ 12,224 $ (193) (1.55) Investment Income 35 59 24 68.57 Other Income 1,047 945 (102) (9.74)


OPERATING EXPENSES Labor & Fringe Benefits 15,890 15,717 173 1.09 Material & Services 9,587 8,052 1,535 16.01 Injuries & Damages 207 207 Propulsion Power 1,501 2,076 (575) (38.31) Fixed Rent 58 100 (42) (72.41) Fuel 55 47 8 14.55 Depreciation 452 459 (7) (1.55)

TOTAL OPERATING EXPENSES ~750 26,658 1,092 3.94

DEFICIT BEFORE SUBSIDIES (14,251) (13,430) 821 5.76

OPERATING SUBSIDIES Federal 466 446 (20) (4.29) State 7,843 7,525 (318) (4.05) Local 1,177 1,128 (49) (4.16) Lease CosUDebt Service 4,661 4,348 (313) (6.72) Other - Route Guarantees 104 104

TOTAL OPERATING SUBSIDIES 14,251 13,551 (700) (4.91)


Unrealized Investment Gain/(Loss) (36) (36)


$

$

LAST YEAR AMOUNT

125,413 434

9,978 135,825

170,114 71,014

1,515 14,674

591 550

4,381 262,839

(127,014)

4,499 72,259 10,839 38,770

791 127, 158

144

438

582

Page 5.3 5/10/2016

$

$


(54) (0.04) 9 2.07

(380) (3.81) (425) (0.31)

3,606 2.12 (8,360) (11.77)

(684) (45.15) (1,523) (10.38)

(241) (40.78) 141 25.64

(110) (2.51) (7,171) (2.73)

(7,596) (5.98)

(261) (5.80) (804) (1.11) (121) (1.12)

8,550 22.05 250 31.61

7,614 5.99

18 (12 50)

(275)

(257)



(THOUSANDS)

THIS YEAR THIS YEAR ACTUAL BUDGET ACTUAL BETTER(WORSE)BUDGET AMOUNT AMOUNT AMOUNT %

OPERATING REVENUES Passenger Revenue $ 126,233 $ 125,359 $ (874) (0.69) Investment Income 372 443 71 19.09 Other Income 10,494 9,598 (896) (8.54)

TOTAL REVENUE AVAILABLE FOR OPERATIONS 137,099 135,400 (1,699) (1.24)

OPERATING EXPENSES Labor & Fringe Benefits 170,080 166,508 3,572 2.10 Material & Services 81,503 79,374 2,129 2.61 Injuries & Damages 2,199 2,199 Propulsion Power 15,544 16,197 (653) (4.20) Fixed Rent 583 832 (249) (42.71) Fuel 589 409 180 30.56 Depreciation 4,479 4,491 (12) (0.27)

TOTAL OPERATING EXPENSES 274,977 270,010 4,967 1.81

DEFICIT BEFORE SUBSIDIES (137,878) (134,610) 3,268 2.37

OPERATING SUBSIDIES Federal 4,363 4,238 (125) (2.87) State 73,559 71,455 (2,104) (2.86) Local 11,034 10,718 (316) (2.86) Lease CostlDebt Service 47,882 47,320 (562) (1.17) Other - Route Guarantees 1,040 1,041 1 0.10




SURPLUS/(DEFICIT) AFTER INVESTMENT GAIN/(LOSS) $ $ 3f_!i $ 325

MINUTES OF REGULAR BOARD MEETING OF SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY ... ·...

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