Five Year Plan (FY17/18 to FY21/22) - Nov 2016 - 1 Chapel Hill - - PowerPoint PPT Presentation

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Five Year Plan (FY17/18 to FY21/22) - Nov 2016 - 1 Chapel Hill - - PowerPoint PPT Presentation

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Five Year Plan (FY17/18 to FY21/22) - Nov 2016 - 1 Chapel Hill Transit Revised Projections for 5-Yr Plan CHT Consultant updated the long-term projections for CHT since the August Meeting Updated projections result in lower cost increases

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SLIDE 1

Five Year Plan

(FY17/18 to FY21/22)

  • Nov 2016 -

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SLIDE 2

Chapel Hill Transit – Revised Projections for 5-Yr Plan

  • CHT Consultant updated the long-term projections for CHT since the

August Meeting

  • Updated projections result in lower cost increases than previously

projected.

  • Reasons for the lower cost projections include:
  • Debt service payments were previously factored into both operating and capital

costs.

  • Reduced inflation increases from 3% to 2% annually
  • Revised interest rate impacts
  • Identified new Federal grant funding opportunities
  • Updated number of buses that can be funded by GoTriangle and Rail Plan funds

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SLIDE 3

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Revised November, 2016

Five-Year Plan Growth Obligations

Obligation 5 Year Total Average Growth per Year Chapel Hill Transit $12,345,418 $2,469,084/ yr Regional Transit (Go Triangle, PART, Chatham) $1,056,837 $211,367/ yr P2P – TransLoc $350,000 $70,000/ yr Inflation on Existing Expenses $4,179,981 $835,996/ yr Patient/Visitor Deck Debt Payment $1,168,000 $233,600/ yr Total Needed over 5 Years to Meet Growth $3,820,047/ yr Growth as Percent of Annual Budget 11% $7,730,700 $1,546,140/yr $2,897,103/yr 8%

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SLIDE 4

Transit – Projected Expense Growth

$16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 CHT Regional P2P 4

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SLIDE 5

Transit – Projected Expense Growth

Revised November, 2016

$16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 CHT Regional P2P Old CHT 5

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SLIDE 6

Transportation Funding Strategies - Original

  • 1. Maintain $ Subsidy = $1.0M per year (per previous Plan)
  • 2. Maintain % Subsidy = 10% of Transit
  • 3. Reduce $ Subsidy = $1.0M to $500K
  • Guiding Principles
  • Reduce the current parking subsidy for transit services over the Five Year study period.
  • Develop a more equitable balance of the cost of the Transportation and Parking

System to all users of the System.

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SLIDE 7

Transportation Funding Strategies - Original

Transportation Strategy 1 ($1M Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Department Transportation Fee Increases 48%

  • 3.5%

3.5% 5% 4% 5% Student Transportation Fee Increase 42% to 44% ($5.44) ($5.64) ($8.33) ($7.00) ($9.09) Parking Permits 10% to 8%

  • Transportation Strategy 2 (10% Subsidy)

% Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Department Transportation Fee Increases 48%

  • 3.5%

3.5% 2% 2% 2% Student Transportation Fee Increase 42% ($5.44) ($5.64) ($3.40) ($3.43) ($3.47) Parking Permits 10% 1%

($0.12-$0.88)

  • Transportation Strategy 3 ($500K Subsidy)

% Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Department Transportation Fee Increases 48%

  • 3.5%

3.5% 10% 10% 10% Student Transportation Fee Increase 42% to 48% ($5.44) ($5.64) ($16.66) ($18.33) ($20.15) Parking Permits 10% to 4%

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SLIDE 8

Transportation Funding Strategies – New CHT

Transportation Strategy 1 ($1M Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Surplus-End Department Transportation Fee Increase 48%

  • $2.26M

3.5% 3.5% Student Transportation Fee Increase 42% - 44%

  • $1.22M

($5.44) ($5.64) Parking Permits Subsidy Increase 10% - 8%

  • Transportation Strategy 2 (10% Subsidy)

% Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Surplus-End Department Transportation Fee Increase 48%

  • $2.26M

3.5% 3.5% Student Transportation Fee Increase 42%

  • $1.53M

($5.44) ($5.64) Parking Permits Subsidy Increase

  • 10%
  • 1%
  • (1% = $0.12 - $0.88 / bi-weekly period)

Transportation Strategy 3 ($500K Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Surplus-End Department Transportation Fee Increase 48%

  • $2.26M

3.5% 3.5% 1.0% 1.0% 1.0% Student Transportation Fee Increase 42% - 48% $0.0M ($5.44) ($5.64) ($1.67) ($1.68) ($1.70) Parking Permits Subsidy Increase 10% - 4%

  • 1%
  • 1%
  • 1%
  • (1% = $0.12 – $0.88 / bi-weekly period)

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SLIDE 9

Transportation Funding Strategies

  • Guiding Principles
  • Reduce the current parking subsidy for transit services over the Five Year study period
  • Develop a more equitable balance of the cost of the Transportation and Parking

System to all users of the System

  • Must have sufficient funds for CHT over the 5-yr planning horizon
  • Feedback we heard
  • Equitable share of costs to the users
  • Minimize additional increases to STF
  • Minimize impact to daily parking permit holders

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SLIDE 10

Transportation Funding Strategies

  • 1. Maintain $ Subsidy = $1.0M per year (per previous Plan)
  • 2. Maintain % Subsidy = 10% of Transit
  • 3. Reduce $ Subsidy = $1.0M to $500K
  • 4. Reduce/Maintain $ Subsidy = $800K per year and increase DTF share to

50%

  • Guiding Principles
  • Reduce the current parking subsidy for transit services over the Five Year study period.
  • Develop a more equitable balance of the cost of the Transportation and Parking

System to all users of the System.

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SLIDE 11

Transportation Funding Strategies – New CHT

Surplus - Transportation Strategy 4 ($800K Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 End Department Transportation Fee Increase 50%

  • $1.20M

3.5% 3.5% Student Transportation Fee Increase 42% - 43%

  • $1.28M

($5.44) ($5.64) Parking Permits Subsidy Increase 8% - 7%

  • 1%
  • 1%
  • (1% = $0.12 - $0.88 / bi-weekly period)
  • Reduces Parking Subsidy to $800k/year
  • Increases DTF share of transit costs from 48% to 50%
  • Minimizes increases to STF while maintaining sufficient balance at end of 5-year Plan
  • Minimizes impact to Parking Permit holders
  • Equitably shares costs between users

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SLIDE 12

Parking System Funding Strategy

  • Five Year Obligations for parking system = $5.3M
  • Inflation on Existing Expenses ($4,179,981)
  • New Patient/Visitor Deck ($1,168,000)
  • Proposed Funding Sources:
  • 1. Annual Parking Permit Increases
  • 2. North Campus Visitor parking rate increases
  • No planned increases to healthcare patient/visitor rates (Dogwood, ACC, Hospital ADA)
  • 3. Night parking fees/permits

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SLIDE 13

Parking System Funding Strategies

Parking Strategy 1 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Total Annual Permit Increase 3% 2% 2% 1% 1% $4.5M

2% = $0.25 to $1.76 / bi-weekly period

North Campus Visitor Parking $1.75/hr $1.75/hr $1.75/hr $1.75/hr $1.75/hr $0.8M Parking Strategy 2 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Total Annual Permit Increase 2% 2% 2% 1% 1% $3.8M

2% = $0.25 to $1.76 / bi-weekly period

North Campus Visitor Parking $2.00/hr $2.00/hr $2.00/hr $2.00/hr $2.00/hr $1.5M Parking Strategy 3 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Total Annual Permit Increase

2% = $0.25 to $1.76 / bi-weekly period

2% 1% 1% 1%

  • $2.6M

North Campus Visitor Parking $1.75/hr $1.75/hr $1.75/hr $1.75/hr $1.75/hr $0.8M Night Parking

  • $620K

$670K $720K $2.0M

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SLIDE 14

Blended Funding Strategy Recommendation

Department Transportation Fee Increases 50%

  • % Transit

FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Student Transportation Fee Increase (Local/Regional component) Annual Permit Increase 1% = $0.12 to $0.88 / bi-weekly period North Campus hourly rate Night Parking 42% - 43% 8% - 7%

  • 3.5%

($5.44 annual) 1% $1.75

  • 3.5%

($5.64 annual) 1% $1.75

  • 1%

$1.75 Y

  • $1.75

Y

  • $1.75

Y

Includes Parking Funding Strategy 3 and Transportation Funding Strategy 4

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SLIDE 15

Feedback – Funding Strategies

  • 1. Confirm System / Technology Enhancements
  • 2. Confirm funding PARCS and Bike Share by reducing existing reserves
  • 3. Parking Funding Strategies
  • 4. Transportation Funding Strategies

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SLIDE 16

Additional Feedback Opportunities

  • Base Camp for ACT
  • 5 Year Plan Website: http://uncfiveyearplan.com/
  • Individual meetings with T&P staff upon request
  • Coordinate with Mya Nguyen: myanguy@email.unc.edu
  • Upcoming ACT Meetings
  • 12/14 – Confirm Funding Strategies
  • 1/18 – Prelim plan rollout

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Appendix Slides

*******************************

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SLIDE 18

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Permits – Rate Comparison

University Student Permit Faculty Permit Visitor Park and Ride / Commuter

MIN MAX MIN MAX Hourly Daily Max MIN MAX UNC $ 337 $ 768 $ 332 $ 2,286 $ 1.50 $10 to $12 $ 227 $ 390 Duke $ 390 $ 444 $ 600 $ 1,950 $ 2.00 $4 to $12 $ 135 $ 189 ECU $ 198 $ 396 $ 198 $ 528 $ 1.00 $ 5.00 $ 132 $ 198 Harvard $ 2,064 $ 4,140 $ 2,064 $ 4,140 NA $ 17.00 NA NA NCSU $ 225 $ 375 $ 345 $ 1,113 $ 2.00 $ 10.00 $ 115 $ 115 Ohio State $ 115 $ 859 $ 352 $ 937 $1.75 to $3.75 $7.50 to $12.50 UCLA $ 552 $ 1,188 $ 552 $ 1,728 $ 3.00 $12 to $20 Florida $ 160 $ 160 $ 168 $ 1,188 $ 2.00 $ 6.00 Iowa $ 378 $ 621 $ 588 $ 2,640 $ 1.20 $ 20.00 $ 243 $ 324 Michigan $ 184 $ 187 $ 158 $ 1,774 $ 1.50 $ 65 $ 78 Minnesota $ 420 $ 1,788 $ 420 $ 1,788 $2 to $3 $4 to $12 Virginia $ 240 $ 528 $ 240 $ 1,140 $ 1.00 $ 2.00 Wisconsin $ 718 $ 1,235 $ 718 $ 1,235 $1 to $1.50 $12 to $15 $ 273 $ 273

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SLIDE 19

Fund Balance Commitments

Item Amount (6/30/16) Debt: 430 Visitor Space Deck (5-Year Plan) $1,168,000 Ops: Department Transportation Fee $2,033,936 Ops: Student Transportation Fee $239,036 CF: Capital Reserve $2,297,157 Core Operating Expenses 90 days $6,750,000

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Projected Revenues: FY 16/17

Debt Suppl, All Other Rev, P2P State

17.1%

1.9% 1.9% Funding, 0.6% P2P, 2.7%

14.1%

Events, 3.7%

12.3% 3.7% 2.7%

STF, 12.3% Permits, 45.8%

1.9%

DTF, 14.1%

1.9%

Patient/Visitor

0.6%

Parking, 17.1%

Revenue Amount Percent Permits $ 13,700,000 45.8% Patient/Visitor Parking $ 5,100,000 Department Transit Fee $ 4,213,346 Student Transit Fee $ 3,686,678 Events $ 1,100,000 Student Transit Fee-P2P $ 804,696 Debt Supplement $ 560,282 All Other Revenue $ 556,622 P2P State Funding $ 187,457 Total Revenue $ 29,909,081 100.0%

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SLIDE 21

Total $ 30,144,983 100.0%

Projected Expenditures: FY 16/17

Repair/Maint, Utilities, 2.3% Regional Service 3.3% Transit, 2.0% Cap Repair, Agreements, 1.7% 5.5%

24.9%

Benefits,

19.4%

All Other Op 6.6%

7.1%

Costs, 7.1%

6.6%

Chapel Hill

5.5%

Transit, 26.3%

3.3%

Salaries/Wages, 19.4%

2.3% 2.0%

Debt Expense, 24.9%

1.7% Expense Amount Percent Chapel Hill Transit $ 7,923,860 26.3% Debt Expense $ 7,516,611 Salaries/Wages $ 5,862,639 All Other Operating Costs $ 2,133,110 Benefits $ 1,993,748 Service Agreements $ 1,661,070 Repair/Maintenance $ 1,000,000 Utilities $ 700,000 Regional Transit $ 603,945 Capital Repair $ 500,000

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Inflation on Existing Expenses

  • Previous Five Year Plan = 3% average
  • Projected Five Year Plan (FY17/18 to FY21/22) = 2% average

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Patient / Visitor Deck

  • Projected Demand from Master Plan  800 Spaces
  • Five Year Plan incorporates projected debt payment

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Stakeholder Feedback – Funding Strategies

  • Include System / Technology Enhancements as proposed
  • Ride service around campus (Uber, Lyft, etc.)
  • Utilize existing reserves to fund PARCS and Bike Share
  • Parking System Funding Strategies
  • Limit increases to day time permit rates
  • Limit increases to North Campus visitor parking rates
  • No increases on healthcare patient/visitor rates (Dogwood, ACC, Hospital ADA)
  • Consideration for night parking fees/permits
  • Transportation System Funding Strategies
  • Utilize existing surplus in Department Transportation Fees and Student

Transportation Fees

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SLIDE 25
  • Implementation Date = FY19/20

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Night Parking – Program Details

  • Night parking program: Mon-Fri, 5pm – 730am
  • Daytime and Park & Ride permits honored at night
  • Employees purchase/register permits through department
  • All undergraduate (excluding first year) and graduate students eligible
  • Students pay annual fee for program
  • First year students do not pay fee
  • Paid visitor parking hours to be extended
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SLIDE 26

Night Parking Funding Sources

  • Increase visitor hours: Raleigh Rd, Swain, Morehead, ACC, Hospital, Meters
  • Revenue Generated = $153K/yr
  • Employee night permits
  • Sliding scale = $250 midpoint permit
  • Revenue Generated = $330K/yr
  • Student night parking fee

Salary Scale FY 16/17 Permit Price <$25K $227 ($8.73/bi-weekly) $25K - $50K $250 ($9.62/bi-weekly) $50K - $100K $300 ($11.53/bi-weekly) >$100K $390 (15.00/bi-weekly) FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Fees $0 $0 $6/yr ($3/semester) $8/yr ($4/semester) $10/yr ($5/semester) Revenue Generated $0 $0 $153K/yr $205K/yr $257K/yr

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Transportation Funding Strategy #1 (Maintain $ Subsidy = $1.0M per year)

  • Department Transportation Fee
  • Maintains 48% share of Transit cost
  • Utilize existing surplus
  • No increase needed, ends FY18/22 plan with surplus of $416K.
  • Student Transportation Fee (for Local/Regional)
  • Increases share of Transit cost from 42% to 44%
  • Utilize existing surplus
  • Includes proposed 3.5% increases for FY17/18 and FY18/19 ($5.44 to $5.64/yr)
  • Needs increases of 5%, 4% and 5% last 3 years of Plan, respectively ($7.00 to $9.09/yr)
  • Parking: No additional increases needed

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Transportation Funding Strategy #2 (Maintain % Subsidy = 10% of Transit)

  • Department Transportation Fee
  • Maintains 48% share of Transit cost
  • Utilize existing surplus
  • No increase needed, ends FY18/22 plan with surplus of $416K
  • Student Transportation Fee (for Local/Regional)
  • Maintains 42% share of Transit cost
  • Utilize existing surplus
  • Includes proposed 3.5% increases for FY17/18 and FY18/19 ($5.44 to $5.64/yr)
  • 2% increases needed last 3 years of Plan ($3.40 to $3.47/yr)
  • Parking Permits
  • Maintains 10% share of Transit cost
  • Additional 1% permit increase in 1st year of plan

(in addition to Parking System funding increases)

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Transportation Funding Strategy #3 (Reduce Subsidy to $500K per year)

  • Department Transportation Fee
  • Maintains 48% share of Transit cost
  • Utilize existing surplus
  • No increase needed, ends FY18/22 plan with surplus of $416K.
  • Student Transportation Fee (for Local/Regional)
  • Increases share of Transit cost from 42% to 48%
  • Utilize existing surplus
  • Includes proposed 3.5% increases for FY17/18 and FY18/19 ($5.44 to $5.64/yr)
  • Needs 10% increases last 3 years of Plan, respectively ($16.66 to $20.15/yr)
  • Parking: No additional increases needed

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Transportation Funding Strategy #4 (Maintain $ Subsidy = $800K per year)

  • Department Transportation Fee
  • Increases to 50% share of Transit cost
  • Utilize existing surplus
  • No increase needed, ends FY18/22 plan with surplus of $1.195M
  • Student Transportation Fee (for Local/Regional)
  • Increases share of Transit cost from 41.5% to 43.2%
  • No increase needed, ends FY18/22 plan with increased surplus of $1.283M
  • Parking
  • Reduces parking subsidy by $1.0M
  • Revise daytime permit increases to 1% over first 3 years only

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Transportation Funding Strategy #4

$3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000

Department Transportation Fee – Expense vs. Revenue

FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 DTF Expense DTF Revenue 31

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Transportation Funding Strategy #4

FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 STF Expense STF Revenue $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000

Student Transportation Fee – Expense vs. Revenue

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