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Metropolitan Transportation Authority July Financial Plan 2007-2010 1 July 26, 2006 MTA 2007 Preliminary Budget July Financial Plan 2007 – 2010 DJC.

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Presentation on theme: "Metropolitan Transportation Authority July Financial Plan 2007-2010 1 July 26, 2006 MTA 2007 Preliminary Budget July Financial Plan 2007 – 2010 DJC."— Presentation transcript:

1 Metropolitan Transportation Authority July Financial Plan July 26, 2006 MTA 2007 Preliminary Budget July Financial Plan 2007 – 2010 DJC

2 Metropolitan Transportation Authority July Financial Plan February Financial Plan Closing Cash Balance Before Policy and Gap-Closing Actions ($ in millions)

3 Metropolitan Transportation Authority July Financial Plan July Financial Plan Baseline Before Policy and Gap-Closing Actions ($ in millions)

4 Metropolitan Transportation Authority July Financial Plan July Financial Plan Reasons for Baseline Net Improvements ($ in millions)

5 Metropolitan Transportation Authority July Financial Plan July Financial Plan Agency Baseline Changes ($ in millions)

6 Metropolitan Transportation Authority July Financial Plan July Financial Plan Year-to-Year Changes in Uncontrollable and Controllable Operating Expenses Uncontrollable Operating Expenses include Paratransit Service Contracts, Fuel for Buses & Trains, Traction & Propulsion Power, Debt Service, Health & Welfare, Pensions, Insurance, and Claims. Controllable Operating Expenses include Payroll, Overtime, Other-Fringe Benefits, Reimbursable Overhead, Maintenance & Other Operating Contracts, Professional Service Contracts, and Materials & Supplies.

7 Metropolitan Transportation Authority July Financial Plan July Financial Plan With Policy and Gap Closing Actions ($ in millions)

8 Metropolitan Transportation Authority July Financial Plan July Financial Plan Closing Cash Balance After Policy and Gap-Closing Actions * ($ in millions) * Consistent with prior plans, includes additional 5% revenue increases - September 2007 and January 2009.

9 Metropolitan Transportation Authority July Financial Plan If the Board Does Not Continue Its Policy of Small Bi-Annual Fare & Toll Increases, Out-Year Deficits Will Increase July Plan Closing Cash Balance, After Policy & Gap-Closing Actions Additional Gap if 2007 & 2009 Fare & Toll Yields Are Not Increased ($42) ($1,141) ($1,986) ($1,626)


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