Pinellas Suncoast Transit Authority Board of Directors Meeting June 27, 2012
description
Transcript of Pinellas Suncoast Transit Authority Board of Directors Meeting June 27, 2012
Pinellas Suncoast Transit AuthorityBoard of Directors Meeting
June 27, 2012
1
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– $500K more Due to Former TD & Medicaid
Discounts converting to full price.
• Advertising Revenue Up 80%– New Ads on Trolleys very successful.
5
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
2007 2008 2009 2010 2011 2012 2013 2014
Ad Valorem Revenue
Ad Valorem Revenue
$41.8 Million
Property Tax Loss Since FY 2007
* Projected
* **
6
Ad Valorem Revenue Change Assumptions
7
FY2013 FY2014 FY2015 FY2016
Adopted -3.0% 0% +3.0% +3.0%New PSTA Projection
-2.2% -2.2% +2.0% +4.0%
County Projection
-4.0% -2.0% +2.0% +4.0%
TODAY
FY2012 Expenses Below Budget
9
No. Line Item FY2012 Projected Savings
Recurring Savings?
1 Delay in Implementing North County Flex Routes -$700,000 No
2 Competitive DART Contracts -$500,000 Yes
3 Health Insurance & FRS Benefits – Vacancies -$444,000 No
4 Insurance Recovery Claims -$414,000 Partly
5 Lower TD Cab & Van Expenses -$110,000 Yes
6 Bus Parts -$ 93,000 Yes
5 TOTAL FY2012 Savings -$2,161,000
TODAY
11
No. Line Item FY2013 Increased Costs
Cumulative Percent
1 TD Pass-Through to Non-Profits $654,000 11%
2 Health Insurance Broker $150,000 2%
3 Entry-Level Planners (2) – Grant Funded $125,000 2%
4 No Net Costs/Pass-Throughs Subtotal $929,000 15%
5 North County Flex Routes $700,000 13%
6 Mid-County Terminal Operating Costs $200,000 3%
7 Improved Oversight (4.5 FTE Positions) $180,000 2%
8 New/Improved Services Subtotal $1,080,000 18%
9 Fuel $1,470,000 25%
10 Health Insurance (Net of Employee Share) $700,000 12%
11 Insurance (Assuming No Claim Recoveries) $432,000 9%
12 Inflation Items that May Be Further Reduced $2,602,000 46%
13 1% Salary Raises & Union Step Increases $445,000 8%
14 Maintenance Expenses Back to Trend $350,000 6%
15 Other $419,000 7%
16 Other Inflation Items $1,214,000 21%
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
Overtime Reduction Strategy
• Current budgeted bus operator positions – 357o 311 operators work 40 hour shifts (bid)o 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
System Cash Fare Day Pass 31-Day
Tallahassee $1.25 $3.00 $38
Sarasota $1.25 $4.00 $50
Pasco $1.50 $3.75 $37.50
Jacksonville $1.50 $4.00 $50
Palm Beach $1.50 $4.00 $60
Broward $1.75 $4.00 $58
Miami-Dade $2.00 $5.00 $100
HART*- 11/2012 $2.00 $4.00 $65
Orlando $2.00 $4.50 $50
PSTA $2.00 $4.50 $65*Red - Highest
15
IMPROVED TRANSIT AMENITY UPKEEP PROPOSAL
• 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
BACKGROUND INFORMATION
• 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
Staffing Changes
16
CEO Department Marketing Department.5 Administrative Assistant (Improved Oversight) 3 Customer Service Representatives (Mid-County Terminal)
Finance Department Transportation Department1 Accounting Specialist - Records Retention (Improved Oversight) 6 Bus Operators (Overtime Reduction)1.5 Part-Time Revenue Room Clerks (Improved Oversight) 7.5 Part-Time Bus Operators (Flex)
1 Flex / Paratransit Analyst (Flex)1 Flex / Paratransit Coordinator (Flex)
Planning Department 1 Transportation Supervisor (Flex)2 Planners (Grant Funded)
N. County Flex Route 11.5Maintenance Department Overtime Reduction Operators 6
.5 Amenity Coordinator (Improved Oversight) Improved Oversite 4.51 Mechanic (Flex) Mid-County Terminal 31 Maintenance Supervisor (Improved Oversight) Grant Funded Planners 2
Total FTE 27
PSTA Staff Level History
17
PSTA Reserves
18
1 Adopted FY2012 YE Reserves to Balance 3 Years $5,042,009
2 Additional FY2012 Revenues +$1,020,866
3 FY2012 Operating Budget Savings +$2,334,072
4 Concrete Rehab Project Savings +$2,033,160
5 Revised FY2012 YE Reserves $10,430,107
Additional PSTA Reserves
1 2 Months Equivalent Operating Reserves $10,199,409
2 Required Insurance Reserves +$4,008,000
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.
19
Program of Projects History
20
Pinellas Suncoast Transit AuthorityBoard of Directors Meeting
PSTA 5-YEAR CAPITAL IMPROVEMENT PROGRAM
June 27, 2012
21
Funding for the PSTA CIP
Funding Type Description 5-Yr. Total Pct.
Future Federal FTA Formula (5307)
$11.7M Annually Based on Formula
$57,520,132 87%
5307 Dedicated to Operating Asst. $44,630,489 68%
Prior Year FTA Formula (5307)
Funds remaining from sweep of completed projects
$1,711,153 3%
2006 Alternatives Analysis Earmark
$1,000,000 2%
Concrete Settlement $5,668,606 8%
FDOT Park & Ride Grant
$200,000 0%
SUBTOTAL 5-YEAR CIP $66,099,891
PROP. FY2013-2017 REDUCED FED OPERATING ASST. +$5,579,788 8%
22
Need for Bus ReplacementsPSTA Fleet Useful Life Quantity Replace
Goal/ YearCost Per
Bus
Large Heavy Duty 12 Yrs/500K miles 174 14.5 $695K
Small Heavy Duty 10 Yrs/350K miles 9 .9 $625K
Future Flex Shuttles 5 Yrs/150K miles 6 1.2 $170K
TOTAL 189 16.6
5-Year CIP Fully Funded Targets: 83 $54.22M
Actual Constrained CIP Budget: 16 $8.43M
PROPOSED ADDITIONAL USE OF FED FUNDS +8 +$5.5M
23
24
CIP Summary
5-Year Total
Vehicles $11,871,051
Operating Assistance $44,630,489
Passenger Amenities $2,781,900
Technology $3,076,200
Facilities $1,308,181
Planning Studies $1,950,000
Contingency $796,070
TOTAL $66,099,891
W/Proposed Additional $71,679,679
25
Deferred or Unfunded Projects
26
5-Year Total Deferred/Unfunded
Replacement Buses $11,871,051 $29,791,631
Expansion Buses $0 $118,304,108
Bus Surveillance Cameras Not Until 2020 $1,800,000
Smartcard Enhanced Fareboxes Not Until 2019 $4,500,000
Shelters & ADA Access $2,000,000 $1,080,000
WiFi on Buses $0 $160,000
St. Pete Multi-Modal Terminal TIGER $30,000,000
Clearwater Terminal TIGER $25,000,000
Solar Lights on Shelters $0 $364,800
Board Room/PSTA Audio/Visual $0 $300,000
New Financial Management Software Not Until 2020 $3,780,000
Total Unfunded or Deferred $220,080,539