FY2008 Budget Presentation March 1, 2007 1 Presentation Overview - - PowerPoint PPT Presentation

1

POTOMAC AND RAPPAHANNOCK TRANSPORTATION COMMISSION

FY2008 Budget Presentation

March 1, 2007

2

Presentation Overview

• FY2007 ridership and highlights
• FY2008 background
• FY2008 anticipated outcomes
• FY2008 budget highlights
• Looking beyond FY2008

3

Continuing Ridership Gains

(Though growth rates have slowed)

Ridership Growth

Year vs. Year Rail Bus 2002 vs. 2001 14% 21% 2003 vs. 2002 14% 11% 2004 vs. 2003 6% 5% 2005 vs. 2004 1% 15% 2006 vs. 2005 -5% 13%

5 Year Growth 32% 84%

4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 Jan 01 July 01 Jan 02 July 02 Jan 03 July 03 Jan 04 July 04 Jan 05 July 05 Jan 06 Jul 06 Jan 07

Rail Ridership Bus

Average Daily Ridership

4

Rail Ridership Growth Rates – Why have they slowed?

• On-time performance problems associated with

slow orders, infrastructure work, mechanical issues

• Parking shortages
• No recent, one-time boosts (e.g.: Metrochek for

all Federal employees, Mixing Bowl traffic fears)

5

FY2007 Bus Service Highlights

• Customer satisfaction ratings – Incidence of “excellent” ratings

(Fall ‘06 survey)

• 73% of Link riders
• 76% of Ride riders
• Bus fleet improvements
• Four OmniRide bus rehabs
• Eleven OmniRide buses slated to be ordered
• Electronic fareboxes later this year
• New / expanded service
• Increased frequency on easterly OmniLink and Cross-County routes
• Inauguration of new Rosslyn/Ballston OmniRide route
• Transit Center Improvements
• Construction of bus storage yard expansion to start later this year
• Installation of self-cleaning restrooms
• Installation of new bus washer
• Procurement of additional facility security cameras

6

FY2007 Rail Service Highlights

• Progress on projects to increase train operating

privileges (up to 40 trains/day)

• Quantico Creek bridge construction completed (Spring 2007)
• Other projects not yet implemented in design phase
• Eleven (11) new gallery cab cars delivered
• Fifty (50) new gallery trailer cars ordered
• Substantial progress on parking decks in

Manassas and Burke (1350 spaces)

• Progress on plans to free VRE of its Union

Station/Ivy City dependency for fleet maintenance

7

FY2008 Budget – Background Observations

• Proposal guided by Commission's adopted

budget principles

• “Existing service expansion” allowance to avert
• vercrowded trips
• Budget as though Phase II fare/ticketing plan for bus

services is deferred to FY2009

• Bus service formerly supported by reimbursable funding

sustained by local funds

• PRTC share of VRE budget incorporated

8

PRTC’s Proposed Bus Service Expansion for FY2008 – FY2012

• New Haymarket OmniRide route (FY2009)

Haymarket OmniRide route To / from West Falls Church Metrorail

9

Anticipated FY2008 Outcomes - Bus

• New all-time ridership high
• Link average daily ridership: 4,251
• Ride average daily ridership: 7,263
• Sustained high customer satisfaction ratings
• Continued bus fleet upgrades
• Contract for two more Ride buses
• Rehab (mid-life overall) of seven Orion buses
• Transition to electronic fareboxes completed
• Bus surveillance cameras purchased/installed – joint venture

with First Transit

• Complete bus storage yard expansion and design of new

commuter lot

• Progression of enhanced bus shelter initiative
• Dispatch office expansion

10

Anticipated FY2008 Outcomes - Rail

• Two parking decks substantially

completed – 1350 spaces

• Improved performance owing to

completion of Quantico Bridge project

• Other projects in first MOU progressed to

set stage for more train service

• New long-term agreement with CSXT and

NS for operating/use rights

11

FY2008 Operating and Capital Expenses

Amount Percent

PRTC

First Transit contract $ 13,912,900 58.4% PRTC personnel 3,802,000 16.0% Fuel 2,699,800 11.3% Facility improvements 576,500 2.4% All other 2,842,400 11.9% Total Operating Budget $ 23,833,600 100.0% Bus purchases / rehabs /

• ther capital improvements

4,429,789 Operating and Capital $ 28,263,389

VRE

Operating and Capital $ 64,419,553*

_____

* 100% of VRE Budget; PRTC and NVTC jurisdictions combined

12

FY2008 PRTC Expense Increases/Decreases

Operating increase $ 2.56M

• First Transit Contract

1.38M

• Fuel

0.63M

• Other

0.55M Capital decrease ($ 5.51M)

• Buses

( 4.16M)

• Western Facility

1.50M

• Bus Yd/Commuter Lot (

3.01M)

• Other

0.16M Net Decrease ($ 2.95M) ( 9% relative to FY07)

13

FY2008 VRE Expense Increases/Decreases

Operating increase $ 4.10M

• Amtrak

( 0.21M)

• Reserves (Operating/Insurance)

3.79M

• Fuel

0.60M

• Other

( 0.08M) Capital decrease ($ 2.52M) Net Increase $ 1.58M (2.5% relative to FY07)

14

FY2008 Local Subsidy in Brief – PRTC

Jurisdiction FY2007 FY2008 Change Prince William $11.881M $ 9.623M (19%) Manassas 0.312M 0.296M ( 5%) Manassas Park 0.153M 0.146M ( 5%) Stafford 0.063M 0.038M (40%) Fredericksburg 0.027M 0.014M (48%) PRTC Local Subsidy $12.436M $10.117M (19%)

15

FY2008 Local Subsidy in Brief – VRE*

___

* Confined to PRTC jurisdictions only, assuming “governance” recommendations are adopted (100% ridership subsidy allocation phased in

• ver four years)

Jurisdiction FY2007 FY2008 Change Prince William $ 2.961M $ 4.625M 56% Manassas 0.428M 0.655M 53% Manassas Park 0.184M 0.359M 95% Stafford 0.917M 2.430M 165% Fredericksburg 0.111M 0.331M 198% VRE Local Subsidy $ 4.601M $ 8.400M 83%

16

FY2008 Local Subsidy in Brief – PRTC and VRE

Jurisdiction FY2007 FY2008 Change Prince William $14.842M $14.248M ( 4%) Manassas 0.740M 0.951M 29% Manassas Park 0.337M 0.505M 50% Stafford 0.980M 2.468M 152% Fredericksburg 0.138M 0.345M 150% Local Subsidy $17.037M $18.517M 9%

17

Looking Beyond FY2008 - Bus

Certainties

• SmarTrip implemented
• Westerly bus maintenance facility initiated

Uncertainties (policy issues)

• Expanded bus service sponsorship (in light of

PRTC long range plan, looming HOT lanes, BRAC relocation)

18

Looking Beyond FY2008 - Rail

• Capacity expansion as envisioned by

completed strategic plan and as resources allow

• Possible system extensions
• Gainesville/Haymarket
• Bealeton (Fauquier County)
• Crossroads (Spotsylvania County)

19

FY2009 – FY2012 Local Subsidy Implications –

PRTC & VRE *

FY2009 FY2010 FY2011 FY2012 PWC $16.644M $15.668M $15.799M $16.305M Manassas 1.145M 1.160M 1.170M 1.207M Manassas Park 0.616M 0.631M 0.640M 0.660M Stafford 3.166M 3.212M 3.188M 3.269M Fredericksburg 0.442M 0.454M 0.454M 0.468M Total Subsidy $22.013M $21.125M $21.251M $21.909M

20

PWC Fund Balance Projection

• 10

10 20 30 40 50 60 70 80 90

FY08 FY09 FY10 FY11 FY12

Millions

Deficit in FY2012 of $3.7M assuming general fund support “flat-lined” at $0.7M/yr. PRTC / VRE Draws Projected fuel tax if there were no draws

21

Manassas Fund Balance Projection

2 4 6 8 10 12 14

FY08 FY09 FY10 FY11 FY12

Millions

PRTC / VRE Draws Jurisdictional Draws Projected fuel tax if there were no draws Projected fuel tax revenue after accounting for all anticipated draws

22

Manassas Park Fund Balance Projection

2 4 6 8 10 12 14

FY08 FY09 FY10 FY11 FY12

Millions Jurisdictional Draws PRTC / VRE Draws Projected fuel tax if there were no draws Projected fuel tax revenue after accounting for all anticipated draws

23

Stafford Fund Balance Projection

5 10 15 20 25 30

FY08 FY09 FY10 FY11 FY12

Millions

PRTC / VRE Draws Jurisdictional Draws Projected fuel tax if there were no draws Projected fuel tax revenue after accounting for all anticipated draws

24

Fredericksburg Fund Balance Projection

2 4 6 8 10 12

FY08 FY09 FY10 FY11 FY12

Millions

PRTC / VRE Draws Jurisdictional Draws Projected fuel tax if there were no draws Projected fuel tax revenue after accounting for all anticipated draws

25

Questions?