1 / 10

Puget Sound Regional Council

FY 2014-2015 Budget & Work Program Overview. Puget Sound Regional Council. Funding Sources & Assumptions.

armina
Download Presentation

Puget Sound Regional Council

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FY 2014-2015 Budget & Work Program Overview Puget Sound Regional Council

  2. Funding Sources & Assumptions As the designated Metropolitan Planning Organization (MPO) and Regional Transportation Planning Organization (RTPO) for the region, the Puget Sound Regional Council (PSRC) receives funding from a variety of state, federal and local sources including: • Federal Highway Administration (FHWA) $7.7 million • Federal Transit Administration (FTA) $2.7 million MPO; $2.0 million 5307 • Regional Transportation Planning Organization (RTPO) funds from Washington State Department of Transportation (WSDOT) $1.28 million • Surface Transportation Program (STP) $1.0 million • Federal Aviation Administration (FAA) $320,000 Anticipated • Light Detection and Ranging (LiDAR) $100,000 • Local Funds – PSRC Membership dues and Transit dues $3.58 million • Carryover of federal and state grants $6.46 million Puget Sound Regional Council

  3. Funding Sources & Assumptions The Economic Development District (EDD) receives funding from a variety of sources including: • Economic Development Administration (EDA) $200,000 • EDA Grant Match (PSRC Local) $200,000 • EDD Event Revenue (Luncheon & Tours) $236,000 • Carryover from FY2013 (WA Clean Energy Partnership) $90,000 • Local Funds – EDD Membership dues $238,000 • PSRC Local $557,000 Puget Sound Regional Council

  4. Expenditures The Puget Sound Regional Council will assume expenses as follows: • Assume no additional FTEs. Current staff levels to remain unchanged until February 2014 when five limited-term staff will be reduced at the end of the HUD funded Growing Communities Transit project ($20 million for salaries, benefits and overhead for the biennium includes 3% per year merit pool) • Assume consultant budget of approximately $3.6 million for biennium • Hold the line on direct expenses to FY2012-2013 levels of approximately $850,000 (exclusive of HUD related budget); (Temporary personnel, education & training, travel, meetings, etc.) • $447,000 encumbered ($320,000 FAA Anticipated plus $35,556 in anticipated match plus $91,358 of other encumbered expenditures) • Increase contingency from $850,000 to $1 million Puget Sound Regional Council

  5. Revenue Comparison Amended Supplemental FY 2012-2013 $29.8 Million Proposed Budget FY 2014-2015 $25.9 Million Proposed Budget Amended Supplemental FY 2014-15 FY 2012-13 State & Federal $15,070,000$14,044,233 Local Funds $4,052,254$4,084,602 Carryover$6,462,756 $11,619,092 State/Federal Anticipated$320,000$15,000 Total $25,905,010$29,762,917

  6. Expenditure Comparison Amended Supplemental FY 2012-2013 $29.8 Million Proposed Budget FY 2014-2015 $25.9 Million Proposed Budget Amended Supplemental FY 2014-15 FY 2012-13Salaries$10,424,848 $9,910,021 Benefits $5,664,445 $5,671,890 Overhead $3,901,194 $3,839,002 Direct / Consultant$4,467,609$7,330,706 Encumbrance$446,914$2,161,298 Contingency $1,000,000$850,000 Total $25,905,010$29,762,917

  7. Initiatives for FY2014-15 • Growth Management • Develop new Regional Industrial Lands Inventory • Complete Centers monitoring report and develop new Centers guidelines • Develop first VISION 2040 Monitoring Report • Complete the Growing Transit Communities work program, and incorporate recommendations, as appropriate, into regional growth and transportation strategy Puget Sound Regional Council

  8. Initiatives for FY2014-15 • Transportation • Complete Transportation 2040 update by Spring, 2014 • Integrate MAP-21 performance-based approach into the PSRC transportation planning process for the 2018 T2040 update • Update regional freight strategy • Conduct project selection process in 2014 • Data & Analysis • Conduct Regional Household Travel Survey and complete work on activity-based travel model in support of T2040 2018 update • Improve Regional Freight Modeling Puget Sound Regional Council

  9. Initiatives for FY2014-15 • Economic Development • Implement the Regional Economic Strategy, which includes: • Build testing hub and pilot project, mentor inventors and train workers in the energy efficiency products sector • Ensure region trains enough workers to meet demand for high-skill maritime jobs • Develop statewide aerospace strategy • Help veterans get college credit for education they received in the military • Develop action plan to support small businesses and women and minority owned enterprises Puget Sound Regional Council

  10. Recommended Action • Recommend the Executive Board approve the Proposed FY2014-2015 Biennial Budget and Work Program and recommend adoption by the General Assembly on April 25th, 2013. • Recommend that the General Assembly adopt Resolution SPRC-A-13-01 authorizing the submittal of the adopted FY2014-2015 Biennial Budget and Work Program. Puget Sound Regional Council

More Related