Initial Service Assumptions FY 2014-15 14.0 full time employees (FTE) 11,600 temporary driver hours Continued fixed route and paratransit Saturday service Extension of service hours until 8:00 p.m. Monday- Friday Minimal GCS route efficiency adjustments (no service reductions)
Revenue Assumptions $2,479,140 in operational revenue representing: ► 100 % of FY 2014/15 Local Transportation Fund (LTF) revenue ($1,680,836)available to the County and the Cities of Grass Valley and Nevada City dedicated to Transit. ► $ 85,000 (estimated) in Article 4.5 Consolidated Transportation Service (CTS) funds dedicated to use in supporting mandated paratransit services. ► $308,978 in reserve revenues directed to service hour expansion and operations expenses. $800,000 in State Prop 1B funds for approved capital projects.
Revenue Assumptions (cont’d) $232,140 in Section 5316 JARC funding for support of Saturday service. $294,000 of combined transit and paratransit fare revenue (does not include any proposed fare increase.) $350,000 in Federal Transit Assistance Section 5311 operational funding. $68,000 from the renewal of the Placer County Route 5 agreement. $34,304 in combined revenue from interest, miscellaneous charges and transfers.
FY 2014-15 Expenses Assumptions $143,340 increase in Class 1 expenses reflecting salary and benefits (one additional FTE, increased Temp hours, three FTE step increases) and health/employment insurance costs. $10,618 increase in maintenance costs as a result of anticipated fuel usage and price increases. Up to a $120,000 increase in projected Paratransit services cost due to service hours increase and rate adjustment.
Expenses Assumptions (cont’d) $130,849 increase in CDA overhead due to the transfer of the Accounting Tech position from Transit to CDA and increased fiscal and administration expenses. $2,450 decrease in Department of Public Works administration expense. $40,455 increase in the cost allocation plan A87 expense reflecting undercharges in FY2012/13 Transit budget, increased use of other County departments and an overall larger Transit budget.
Capital Projects Expense FY 14/15 Prop 1B-PTMISEA Bus Stop Improvements $250,000 Prop 1B – PTMISEA Vehicle Replacement $300,000 Prop 1B PTMISEA– Transit Technology$250,000 TOTAL $ 800,000
Transit Revenue Reserves. The remaining revenue reserve balance will be available for service expansion with The TSC approved establishment of an ongoing reserve of $1,125,000 that includes operational, vehicle replacement and cash flow revenue. Revenue reserve balance is also available for service expansion. ProjectionsFY 13/14 (Budget) FY 14/15FY 15/16FY 16/17FY17/18 End of Year Reserve$3,271,789$2,997,988$2,652,690$2,196,461$1,666,716 Recommended Reserve $1,125,000 Available for Service Expansion $2,146,789$1,872,988$1,527,690$1,071,461$541,716