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Transit Agency Status FY 2011-12

Transit Agency Status FY 2011-12. Current Financial Position Current Operations Service Statistics/Trends Funding Statistics/Trends Other Information/Assumptions Capital Status Review. Current Financial Position:. Reserves/Retained Earnings. Current Financial Position:.

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Transit Agency Status FY 2011-12

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  1. Transit Agency StatusFY 2011-12 • Current Financial Position • Current Operations • Service Statistics/Trends • Funding Statistics/Trends • Other Information/Assumptions • Capital Status Review

  2. Current Financial Position: • Reserves/Retained Earnings

  3. Current Financial Position: • Level of Short-Term Debt/Loans—Identify each line of credit (excludes long-term bond financing)

  4. Current Financial Position: • Accounts Payable – Past due 90 days and over • Accounts Receivable – Past due 90 days and over

  5. Current Operations: • Staffing Level • Contract Provisions • Healthcare • Pension • Fuel • Fares • Other major factors producing cost increases above inflation • Cost Savings Initiatives

  6. Staffing Level/Org Chart • Provide a current organization chart with vacant and new positions. Include a justification for new planned positions. Separate attachment

  7. Labor Provisions • Term of current union contract ________ to __________

  8. Important Labor Provisions • Use of part-time employees • Part time drivers are used as needed basis. No number of hours specified except not over 39 hours. • Number/percent of “split shift” drivers • 100% • Overtime • no allowed • Outsourcing • Other

  9. Healthcare • Describe any proposed changes and the estimated financial impacts.

  10. Pension

  11. Pension: • Describe any proposed changes and the estimated financial impacts. None at this time. • Provide a status of the degree to which the pension funding is funded. If not fully funded please provide your strategy to fully fund pension • Fully funded

  12. Fuel: • Current Cost per Gallon • Contract rate or market rate? $ 3.59 • Terms of contract (if applicable) • Projected Cost per Gallon and Basis for Projection • Contract rate or market rate? $5.00 steadily climbing • Terms of contract (if applicable)

  13. Shared Ride Fares: • Date of Last Fare Increase February 2010 • Current • Average fare $27.21 • Sponsorship arrangements Third party sponsor $ 34,000 • Planned Changes • Date of planned increase 2012 • Estimated average fare to be determined • Sponsorship arrangements • Describe Fare Policy • Fares are based on zones determined by trip length.

  14. Other Major Factors Producing Cost Increases Beyond Inflation:

  15. Cost Savings Initiatives:

  16. Shared Ride Funding

  17. Shared Ride Statistics/Trends

  18. Other Information/Assumptions:

  19. Capital Status Review Replacing vehicles 4 years/ 100,000 miles or more if not cost effective to continue to use.

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