1. 2017 Annual Program Evaluation Update
6/25/2018
2017 Annual Program Evaluation Update
Financial Administration & Audit Committee
July 18, 2017

2. Presentation Overview
FasTracks Program Status
FasTracks Program Cost
APE Issues
Financial Plan Update
Next Steps

3. 2016 APE committed program capital cost through 2020 (year of expenditure dollars): $5.6B

4. FasTracks Program Costs through 2020 (millions of dollars)
Project
Current Budget
Denver Union Station
$314.2
Eagle Project
$2,286.5
West Corridor
$678.2
North Metro
$817.0
Northwest Rail
$28.0
I-225
$691.1
Southwest Extension
$24.0
Southeast Extension*
$232.4
Central Extension
$11.7
Light Rail Maintenance Facility
$17.2
US 36 BRT
$190.1
Free MetroRide
$12.6
Misc. Projects
$297.8
Total Program
$5,600.8
* Additional $0.7M to be spent after 2020 on an FTA-required study.

5. FasTracks Miscellaneous Projects Cost Detail through 2020 (millions of dollars)
Total Budget
Southeast/Southwest/Central/CPV Corridor Projects
$71.5
Programwide Railroad ROW
$80.8
Communication Systems Upgrade
$5.7
Northeast Area Transit Study
$0.2
Light Rail Storage Tracks
$12.1
Peoria Interface Coordination
$2.0
Additional Light Rail Vehicles
$7.8
Programwide Capital Expenditures
$116.2
Environmental Mitigation Contingency
$1.0
Railroad Compliance Contingency
$0.5
Total Miscellaneous Projects
$297.8

6. Changes for 2017 APE Project budget savings
Free MetroRide budget reduced to amount approved by Board in June 2017
Programwide capital expenditure reductions
Increased programwide expense for project closeout and program extension to 2020

7. APE Issues North Metro Project Construction schedule
Cost to complete construction
Future operating and maintenance costs

8. APE Financial Plan Changes Since June Presentation
Costs updated to latest projections
FISA balance drawn down to replenish unrestricted fund balance
Drawdowns begin in 2020
Full balance drawn by 2022
Capital Acquisition Reserve balance drawn down in 2020

9. APE Summary Cash Flow – 2017-2023

10. Considerations to Reduce Shortfall
Potential service revisions
N Line
R Line
W Line
Internal budget review on all FasTracks projects
Financial Administration and Audit Committee Transit Development Program April 13, 2010

11. Next Steps August 1 – Board Budget Workshop - APE and Financial Plan
August 8 – Presentation of APE update, Financial Plan, and SBP update to FAAC
August 22 – Board Study Session
September 12 – Presentation of final SBP, APE, and financial plan for recommendation to full Board
September 26 – Board adoption of APE, financial plan, and SBP
Financial Administration and Audit Committee Transit Development Program April 13, 2010