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HomeMy WebLinkAboutAgenda - 11-01-1993 - VII-A O R A N G E C O U N T Y BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: November 1 , 1993 Action A enda Item #p ® SUBJECT: Triangle Transit Authority Status Report DEPARTMENT: COUNTY MANAGER PUBLIC HEARING: Yes X No ATTACHMENT (S) : TTA FY92-93 INFORMATION CONTACT: Annual Report MANAGER'S OFFICE, EXTENSION 2300 TELEPHONE NUMBERS: Hillsborough - 732-8181 - Durham - 688-7331 Mebane - 227-2031 Chapel Hill - 967-9251/968-4501 PURPOSE: To receive a status report from the Triangle Transit Authority v BACKGROUND: James M. Ritchey, General Manager of the Triangle Transit Authority, will provide information to the Board of County Commissioners on the following topics: 1. General Update of the Triangle Transit Authority' s activities over the past year 2 . Current Status of the Triangle Fixed Guideway Study 3 . TTA Regional Bus Service, current and future phases 4 . Financial Status Report on the Triangle Transit Authority RECOMMENDATION: Receive the report as information. " 9,3 TTA Triangle Transit Authority TRIANGLE TRANSIT AUTHORITY FISCAL YEAR 1992 / 1993 ANNUAL REPORT ORANGE COUNTY BOARD OF COUNTY COMMISSIONERS NOVEMBER 1, 1993 Suite 206, 50 Park Drive A P.O. Box 13787 ♦ Research Triangle Park ♦ North Carolina 27709 Regional Bus:(919)549-9999 A Office:(919)406-1710 A Fax:(919) 990-9127 TRIANGLE TRANSIT AUTHORITY FISCAL YEAR 1992 / 1993 ANNUAL REPORT Page I. Triangle Transit Authority - Mission and Goals 1 II. Fiscal Year 1992 / 1993 Achievements 3 III. Triangle Fixed Guideway Study Update 4 IV. Tri-A-Ride Regional Ridesharing Program 8 V. TTA Regional Bus Service 10 VI. Wake Coordinated Transportation Service 15 VII. TTA General Fund 16 VITf. FY 94 Planned Activities 17 IX. Long Range Budget 20 Triangle Transit Authority The Research Triangle region comprises the counties of Wake, Durham, and Orange. The principal municipalities in the area include Raleigh, Durham, Chapel Hill and Cary. Growth in the Research Triangle region has created the need to consider new transportation solutions. The 1990 estimated population totals 696,938 persons. The population of the three county area is projected to expand to approximately 1,200,000 in 2010. The 1989 Session of the North Carolina General Assembly amended Chapter 160A of the General Statutes by adding Article 26 which enabled the creation of regional public transportation authorities. The Boards of Commissioners in Durham, Orange, and Wake Counties each held a public hearing, published articles of incorporation, and passed resolutions creating the Research Triangle Regional Public Transportation Authority (a/k/a Triangle Transit Authority or TTA). The new unit of local government was chartered by the Secretary of State on December 1, 1989. The 1991 Session of the NC General Assembly enacted House. Bill 80 which permits regional public transportation authorities to levy a vehicle registration tax of up to $5 per registration. Following public hearing, a tax levy of $5 per registered vehicle was approved by the TTA Special Tax Board, the Boards of County Commissioners of Wake, Durham, and Orange Counties, and the Triangle Transit Authority Board of Trustees. This tax will form the basic operating funding for regional transit services in the Triangle. The N.C. Division of Motor Vehicles began collection of the tax on January 1, 1992. The TTA was created to plan, finance, organize, and operate a public transportation system for the Research Triangle area. It is governed by a thirteen member Board of Trustees. Ten members are appointed by the region's principal municipalities and counties, and three members are appointed by the North Carolina Secretary of Transportation. In May, 1993, the TTA Board of Trustees adopted the following revised Mission Statement and Goals: Mission Statement To plan, facilitate, and promote, for the Greater Triangle Community, an affordable, customer- oriented public transportation network which provides mobility,promotes economic opportunities, and protects the environment. Goals ♦ Continue to operate a fiscally sound, well-run public enterprise, utilizing Total Quality Management. ♦ Develop a multi-modal transportation system which includes: • expansion of the Tri-A-Ride Carpool and Vanpool Program; • a comprehensive regional bus service, complementing existing public and 1 private transportation systems; • working with Federal, State and local governments to encourage the development of alternatives to single occupant vehicle usage including high occupancy vehicles, (HOV) bicycle and pedestrian facilities; and • assessing the feasibility of fixed guideway transit services. 1 Work with cities, counties, and other interested parties in examining transportation corridors, considering land use, economic activity, population patterns, and connections among these three elements and transportation. ♦ Develop a public transportation educational and marketing program. 2 TTA's FY 1993 Achievements • Vanpool Growth from 21 to 29 Vans The vanpool program leased twelve vans during the fiscal year resulting in a net growth of eight vans in operation. Since assuming the vanpool program from the Triangle J Council of Governments in 1991, the program has grown by seventy percent. • Employer Transit Pass Contributions Wake County, First Union Mortgage and the State of North Carolina joined the City of Raleigh in providing employee transit pass contributions. This employee benefit provides an incentive for employees to rideshare rather than to drive to work alone. • Assumed Management of WCTS At the request of Wake County, in August 1992, the TTA assumed the operational management of the Wake Coordinated Transportation Service. In partnership with Wake County, the TTA provides employees, vehicle insurance and day to day management. The County provides vehicle maintenance, fuel, purchasing and accounting. During the year, WCTS service was improved due to scheduled vehicle maintenance, better driver training and day to day supervision. • Fixed Guideway Study and Regional Travel Model Peer Review In August 1992, the TTA, with assistance from the Institute for Transportation Research and Education and the NCDOT, convened two panels of national experts in transportation planning and travel forecasting. The panels assisted the TTA in developing the scope of services for the Triangle Fixed Guideway Study and reviewing the work plan for the regional transportation model. • Regional Land Use and Transportation Conference In September 1992, the TTA convened "Growing Smarter" a two day community workshop. More than 350 workshop participants explored the future of the Triangle Region and how land use and transportation decisions will form our region. 3 • Received FTA Fixed Guideway Study Planning Grant During late 1992, the TTA received and executed federal and state transportation planning grant contracts. The $937,500 project will permit the Triangle area to evaluate fixed guideway options as well as to assist in the development of a new regional transportation model capable of predicting person trips and evaluating land use and transportation options. • Selected Fixed Guideway Transportation Consultants With selection teams comprised of Triangle area transportation, land use and economic development planners, the TTA received proposals from twelve consulting teams. Following competitive review by the selection team, the TTA Board of Trustees awarded the consultant contracts to Parsons, Brinkerhoff, Quade and Douglas, for the transportation and land use components, and to Hammer Siler George with Research Triangle Institute for the economic futures study. • Completed Phase I of Fixed Guideway Study In March 1993, this first phase of the Triangle Fixed Guideway Study was completed. The first phase gathered land use and transportation data, completed the study design, and determined the transportation modeling and public involvement aspects of the study. The second phase of building the evaluation tools and developing the future growth forecasts was started in May 1993, and is scheduled for completion in December 1993. • Began Development of Regional Travel Forecast Model For the Triangle Fixed Guideway Study and the long range regional travel forecast model, computerized roadway networks from the existing Raleigh and Durham traffic models were merged and the traffic analysis zones for the Triangle study area were redrafted. ▪ Regional Bus Service Start-up On August 23, 1992, Chapel Hill Transit under contract with the Triangle Transit Authority, added service on the Blue Line from Chapel Hill to Durham and initiated service on the Green Line from Chapel Hill to South Durham and Research Triangle Park. On April 19, 1993, the TTA initiated three routes serving Raleigh, Cary, Durham, RDU and RTP. 4 • Achieved 1 Year Bus Ridership Goal in 3 Months By June 1993, after just three months of operation, ridership on the regional bus service had exceeded the Authority's one year goal of 1,000 riders per day. • 2% Administrative Cap Replaced by Report to General Assembly Senate Bill 63, ratified in July 1993, repealed the two percent administrative restriction on the use of regional vehicle registration tax funds. The legislation replaces the administrative restriction with annual report to the General Assembly. • Expanded NCDOT Funding for Public Transportation At the April 15 dedication of the regional bus service, Secretary Sam Hunt announced that he proposed using $5.5 million of savings from implementation of savings identified by the Government Performance Audit for expanded State assistance for public transportation. 5 TRIANGLE TRANSIT AUTHORITY TRIANGLE FIXED GUIDEWAY STUDY UPDATE • Summary of Phase I Study Design Findings: December 1992 to May 1993 • Current Planning Activities are Fragmented • Increased Public Involvement Needed • Challenges - Land Use Planning • Future Phases organized into five areas of investigation Land Use/Corridor & Node Planning - Public Involvement Program Transportation Modeling - Transit Financial Plan - Transit Management Plan • Phase II - Develop Tools & Forecasts: May 1993 to December 1993 Goals: • Develop data base on regional carrying capacity • Understand Trends, Growth Shaping Forces • Long-Range Impacts of Business as Usual • Develop Regional Travel Forecast Tools Products: • Regional Stitch Travel Model • Identification of Locations where Future Growth could be supported • Forecast of Growth & Allocation of Growth • Evaluation of the Impacts of Growth • Phase III - Develop Alternative Scenarios January 1994 to July 1994 Goals: • Alternative Land Use Scenarios • Potential Corridors & Technology • Test of Impacts, Acceptability & Costs Products: • Transit Station Locations & Corridors • Alternative Land Use Plans • Transit Technologies • Impacts on Environment, Infrastructure, Mobility, etc. 6 • Financial Impacts ♦ Phase IV - Develop Final Plan August 1994 to December 1994 Goal: • Develop Regional Transit System Plan Products: • Regional Transit System Plan • Regional Land Use Recommendations • Guidelines for Station Area Plans • Operations, Financial & Management Plans • Implementation Schedule 7 Tri-A-Ride Ridesharing Program The Triangle Transit Authority assumed management and operational responsibility for.TRI-A- RIDE, the Triangle area ridesharing program in January, 1991. TRI-A-RIDE serves commuters in the three-county Triangle area. The program operates and promotes carpool and vanpool alternatives to single occupancy vehicles. The program assists major employers in conducting ridesharing campaigns and coordinates regional public transportation marketing activities. The ■ ridesharing staff consists of two Rideshare Area Sales Managers and one Vanpool Coordinator. The TM-A-RIDE vanpool program has currently leased 24 vans and anticipates leasing a total' of 36 vans by the end of FY 1994. The TM-A-RIDE staff continues to place emphasis on employer ridesharing campaigns as well as marketing the regional bus service. During FY 1993, the Ridesharing Program has conducted employer ridesharing campaigns at Downtown Raleigh, First Union Mortgage, Highwoods, NC State University, Glaxo (Zebulon), American Social Health Association, Research Triangle Park and VA Hospital. During FY 1994 the Ridesharing Program will purchase new ridesharing road signs, market the regional bus service, develop a new interactive ridesharing computer system, and continue employer campaigns. TRI-A-RIDE REGIONAL RIDESHARING PROGRAM FY 1992/1993 ACHIEVEMENTS • 14,537 Questionnaires Distributed • 3,037 Carpool Matchlists • 12 New Vanpools Leased 8 FY 1992/1993 RIDESHARING FUND SUMMARY EXPENSES Supervision and Marketing $131,226 Vanpool Operations 80,568 Vanpool Maintenance 32,560 Interest Expense 2,890 Depreciation 54,882 TOTAL EXPENSES $302,126 REVENUES Vanpool Fares $190,195 Other Operating 4266 NCDOT Ridesharing Grant 65,449 Interest on Fund Balance 4,468 TTA General Fund 65,777 TOTAL REVENUES $330,155 NET INCOME $ 28,029 RIDESHARING FUND BALANCE (6/30/93) $241,787 9 i 4 Triangle Regional Bus Service The Triangle Transit Authority operates an express bus service between Raleigh, Durham, Chapel Hill, Cary, and the Research Triangle Park. Current service plans are for thirty-five peak buses to be operated in the service. Effective April 19, 1993, the first phase of the regional bus service was started utilizing twenty mid-sized buses purchased with local and state funds and four peak hour buses operated for TTA by Chapel Hill Transit. The first phase of the regional bus service connects Raleigh, Durham, Chapel Hill and Cary with Research Triangle Park(RTP) and Raleigh-Durham International Airport(RDU). Five routes are in operation. The routes are peak hour commuter services permitting transfers with the local transit systems. The routes serving the RTP have a common transfer point at the RTP Service Center on Highway 54 near Davis Drive. The routes arrive and depart from the transfer center at thirty minute peak period intervals with a first arrival at RTP at 6:45 am and a last RTP departure at 6:45 pm. Phase One Triangle Regional Bus Services Effective April 19, 1993 Service Route # Ave. Est. Est. Est. Est. Peak MPH Daily Daily Annual Annual Buses Miles Hours Miles Hours Gold Raleigh/ 5 24.6 664 27 169,984 6,912 Line Cary/RTP (TTA) Red Raleigh/ 7 19.6 1,173 60 300,288 15,360 Line RDU/RTP/ (TTA) Durham Orange N.Raleigh/ 4 19.5 410 21 104,960 5,376 Line RTP (TTA) Blue Durham/ 1 19.5 146 7.5 37,376 1,920 Line Chapel Hill (CHT) Green RTP/ S. 3 22.0 209 9.5 53,504 2,432 Line Durham/ (CHT) Chapel Hill Phase I 20 21.3 2,602 125.0 666,112 32,000 Total . 10 The second phase of the Triangle Regional Bus Service will extend service to outlying communities. Current plans call for the second phase to start in 1995 following delivery of 20 CNG fueled full sized transit buses financed by a FTA Section 3 Capital Grant. At that time, the TTA plans to use the 20 CNG buses on phase I services and to use the mid-sized buses (currently in use on the phase I services) for phase H services. Phase Two Triangle Regional Bus Services Effective 1995 Service Route # Peak Ave. Est. Est. Est. Est. Buses MPH Daily Daily Annual Annual Miles Hours Miles Hours HX Hillsborough to 1 26 130 5 33280 1280 Chapel Hill WX Wake Forest to 2 26 230 9 58752 2304 DTN Raleigh ZX Zebulon to DTN 2 26 236 9 60480 2304 Raleigh FX Fuquay to DTN 2 26 236 9 60480 2304 Raleigh AX Apex to RTP 2 23 203 9 51840 2304 ND North Durham to 2 20 200 10 51200 2560 RTP CX Chapel Hill to 2 30 240 8 61440 2048 Raleigh BL Blue Line 2 16 220 14 56333 3628 additional buses Phase II Total 15 1695 73 433805 18732 11 REGIONAL BUS SERVICE FY 1992/1993 ACHIEVEMENT • Contracted with Chapel Hill Transit for Four Buses on Two Routes. Started Green Line and Blue Line Service on August 24, 1992. • Evaluated Private Contractor vs TTA Employees for Regional Bus Service Operation • Purchased 20 Medium Duty Buses, Radios and Fareboxes • Leased Regional Bus Marketing Center at RTP Service Center. • Initiated Service on Red Line from Durham to Raleigh, Orange Line from North Raleigh to RTP and Gold Line between Raleigh, Cary and RTP on April 19, 1993. • Ridership on Regional Bus Service Continues to Exceed Projections. FY 1992/1993 REGIONAL BUS SERVICE FUND SUMMARY EXPENSES Supervision and Marketing $159,131 Bus Operations 415,143 Bus Maintenance 7,138 Interest Expense 28,276 Depreciation 55,143 TOTAL EXPENSES $664,831 REVENUES Bus Fares $ 18,598 NCDOT Capital Grant 36,265 Interest 12,337 TTA General Fund 597,631 TOTAL REVENUES $664,831 12 TTA Regional Bus - Average Daily Riders Route Apr -93 Red Line - Durham/RTP/Raleigh 150 Gold Line - Raleigh/Cary/RTP 79 Orange Line - N. Raleigh/RTP 26 Green Line - Chapel Hill/RTP 90 Blue Line - Chapel Hill/Durham 380 RTP Shuttle 15 May -93 Jun -93 Jul -93 Aug -93 Sept-93 298 369 390 449 650 161 160 177 200 256 61 76 65 83 208 129 135 139 144 201 294 284 315 317 427 15 15 15 15. 15 Total 740 958 1039 1101 1208 1757 13 180C 1600 1400 1200 1000 21. 800 600 400 200 0 TTA Regional Bus Apr-93 May-93 Jun-93 Jul-93 Aug-93 Sep-93 Month . El RTP Shuttle EM Blue Line - Chapel Hill/Durham Green Line - Chapel Hill/RTP Orange Line - N. Raleigh/RTP Gold Line - Raleigh/Cary/RTP Red Line - Durham/RTP/Raleigh • Wake Coordinated Transportation Service The Wake Coordinated Transportation Service (WCTS) is a coordinated human service transportation program operated by Wake County. The service currently operates 25 peak vehicles providing transportation for clients of human service agencies including Head Start, Council on Aging, Wake County Health Department, and Wake County Department of Social Services. Beginning August 1, 1992, the Triangle Transit Authority began providing the employees, management and insurance for the WCTS service. TTA considers the WCTS service a separate enterprise and all employees work from county provided offices. Wake County also provides vehicle maintenance, accounting and purchasing. The County receives all revenue and pays all expenses. The Triangle Transit Authority receives no compensation for operating the service except for reimbursement of WCTS employee payroll and benefits. WAKE COORDINATED TRANSPORTATION SERVICE FY 1992/1993 ACHIEVEMENTS • Wake County / TTA Partnership • County Provides Office Space, Vehicle Maintenance, Fuel, Purchasing and Accounting • TTA Provides Employees Benefits, Automobile Insurance and Day-to-Day Supervision • County Assumes All Costs and Retains All Revenues • Assumed Operations from Yellow Cab on August 1, 1992 • Improved Driver Training and Scheduled Vehicle Maintenance • First Year Problems Included Dispatch System and Billing System 15 TTA General Fund TTA's General Fund activities include governmental function including governing board, general management, purchasing, accounting, budgeting and regional planning. General fund employees are responsible for carrying out the policies established by the Board of Trustees and for the management of all operational programs. Achievements during FY 1993 include establishment of the regional bus service; purchase of ridesharing vans, medium duty buses, fare collection equipment, and mobile radios; supervision of the Wake Coordinated Transportation System; initiation of the Triangle Fixed Guideway Study; and preparation of the 1992 Audit and Annual Report. During fiscal year 1993/1994, emphasis will shifted to operation of the regional service, and completion of the Triangle Fixed Guideway Study. FY 1992/1993 TTA GENERAL FUND SUMMARY EXPENSES Board of Trustees $ 12,313 General Management 285,234 Regional Planning 242,905 To Ridesharing Fund 65,777 To Bus Fund 597,631 TOTAL EXPENSES $1,203,860 REVENUES NCDOT $ 58,337 Federal Transit Administration 83,856 Vehicle Registration Tax 3,063,480 Investment Income 50,357 Conference Registration 11,521 TOTAL REVENUE $3,267,119 NET REVENUE $2,063,259 FUND BALANCE (6/30/93) To Match Grants $1,429,960 Available Fund Balance 1,275,516 TOTAL FUND BALANCE $2,705,476 16 FY 94 PLANNED TTA ACTIVITIES • Evaluate Regional Bus Routes and Schedules During late 1993, TTA staff will complete an evaluation of regional bus routes and schedules to identify under used trips and identify areas for cost savings and/or ridership expansion. • Marketing of Regional Bus Service The TTA will continue implementation of its marketing plan with television, radio and print advertisement. Television ads will run during the spring and fall with placement on Good Morning America, 5:30 news and selected cable shows. Print advertising will be placed in student newspapers at UNC, NCCU, Duke and NC State, the Herald Sun, the Carolina Times, and Triangle Business Leader. Radio advertising will be through the Triangle Traffic Patrol broadcasting on 24 radio stations. • Receive $5.7 million FTA Grant for CNG Buses Grant contracts are expected for 20 compressed natural gas fueled full sized transit buses and fueling facilities during 1994. These buses, scheduled for delivery in 1995, will be used on existing routes between Durham, Raleigh and Chapel Hill. Following delivery of the CNG buses, the Authority's mid sized buses will be used for service to smaller Triangle area communities. • Maintenance Facility Feasibility Study The Authority will conduct a feasibility study to access options for TTA's vehicle maintenance including vehicle maintenance by other transit systems, private contractor or in TTA's own maintenance facility. • Complete Phase II and II[ of Fixed Guideway Study Phase II, Develop Tools and Forecasts, is scheduled for completion by December 1993. Phase II lays the Study's foundation by developing reliable growth forecasts and transportation analysis tools. Phase III, Develop Alternative Scenarios, is scheduled for completion in July 1994. Phase III will consider alternative land use scenarios, potential fixed guideway corridors and technology, and capital and operating costs. 17 it Are fed•you of.. ...Bumper to bumper traffic? _ ...Looking for a parking space? ...Spending money on gas? • • Now,many more points in the Triangle are acces- sible to you by bus. Raleigh,Durham,Chapel Hill, Cary,RTP,the RDU Airport,hospitals,and major universities are all on the new bus lines sponsored by the Triangle Transit Authority. Clean,comfortable,convenient,and cost effective, transit is the way to get there in the 90's...and on into the 21st Century. Call 549-9999 for route and schedule information. Get out of those traffic jams,stop looking for a parking space...try the new regional bus service today. You'll love the change! 549-9999 /TTA\ Triangle Transit Authority A New way { C/ass. • • Now, many more points in the Ca11549-9999 for route and schedule Triangle are accessible to you by information. bus. Raleigh,Durham,Chapel Hill, Cary,RTP,the RDU Airport,hospi- For a new way to class...try the tals, and major universities are all new regional bus service on the new bus lines sponsored by today. You'll love the change! the Triangle Transit Authority. Clean, comfortable, convenient, and cost effective,transit is the way - ■ 549 -9999 to getthere in the 90's...and on into / A\ the 21st Century. Triangle Transit Authority • Complete Regional Travel Forecast Sketch Model Along with Phase II of the Triangle Fixed Guideway Study, the Regional Travel Forecast Sketch Model will be completed. This model be the forerunner of a more detailed regional travel forecast model. • Complete Travel Behavior Survey To assist in forecasting trip generation rates and mode choice, TTA, in conjunction with the metropolitan planning organizations, will conduct a person trip and stated preference survey of Triangle area travelers. Data generated by this study will replace travel behavior surveys completed by NCDOT in the 1950's and 60's. • Replace Ridesharing Information Signs The Triangle's roadside ridesharing information signs will receive a face lift during the year. The cooperative project with the North Carolina Department of Transportation will replace roadside signs placed in the early 1980's. • New Rideshare Computer System TTA plans to develop a new interactive rideshare computer system permitting Triangle residents to access the regional carpool data base through personnel computers and kiosks at major activists centers. The project, proposed to be funded through the Federal Highway Administration's Congestion Management and Air Quality (CMAQ) program, is budgeted to cost $165,000. 19 Triangle Transit Authority Long Range Budget and Cash Flow Analysis Revised October 1, 1993 Audited Budget FY 93 FY 94 FY 95 FY 96 FY 97 FY 98 Service Costs Regional Bus Service $581,412 $2,345,556 $3,034,478 $3,428,960 $3,874,725 $4,378,440 Planning $242,905 $693,899 $536,274 $213,774 $224,462 $235,685 Ridesharing $131,226 $164,721 $172,957 $181,605 $190,685 $200,219 Vanpool Operations $113,218 $200,610 $240,732 $288,878 $346,654 $415,985 0 Total Service Costs $1,068,761 $3,404,786 $3,984,441 $4,113,217 $4,636,527 $5,230,329 M Administration Governing Board $12,313 $28,400 $29,820 $31,311 $32,877 $34,520 General Admin $285,234 $372,922 $391,568 $411,147 $431,704 $453,289 Total Administration $297,547 $401,322 $421,388 $442,458 $464,580 $487,809 Operating Contingency $0 $0 $176,233 $182,227 $204,044 $228,726 Capital CNG Transit Buses $0 $0 $7,000,000 $0 $0 $0 Mid Sized Buses Lease $109,150 $297,093 $297,093 $297,093 $297,093 $173,304. Vanpool Vans Lease $10,119 $71,108 $113,897 $158,825 $206,000 $255,533 Operating Facility $0 $0 $4,500,000 $0 $0 $0 Equipment $361,250 $0 $400,000 $50,000 $50,000 $50,000 Park and Ride Lots $0 $0 $750,000 $750,000 $750,000 $750,000 Interactive Rideshare Computer $0 $165,600 $0 $0 $0 $0 Bus GPS Location System $0 $0 $1,000,000 $0 $0 $0 ii Total Capital $480,519 $533,801 $14,060,990 $1,255,918 $1,303,093 $1,228,837 TOTAL EXPENSES $1,846,827 $4,339,909 $18,643,052 $5,993,820 $6,608,244 $7,175,702 Operating Revenue Bus Passengers $18,598 $469,111 $758,620 $1,028,688 $1,162,418 $1,313,532 Vanpool Passengers $190,195 $228,234 $273,881 $328,657 $394,388 $473,266 Investment Interest $67,162 $62,500 $87,627 $30,677 $17,012 ($6,128) Other Revenue $15,787 $0 $0 $0 $0 $0 Total Operating Revenue $291,742 $759,845 $1,120,128 $1,388,022 $1,573,818 $1,780,670 Grant and Tax Revenue NCDOT Demonstration $47,855 $0 $0 $0 $0 $0 NCDOT Ridesharing $65,449 $82,361 $86,479 $90,802 $95,343 $100,110 NCDOT Planning $10,482 $43,750 $33,268 $0 $0 $0 NCDOT Capital $36,265 $53,380 $1,406,099 $125,592 $130,309 $122,884 CMAQ $0 $132,480 $1,400,000 $600,000 $600,000 $600,000 FTA Capital $0 $0 $9,200,000 $0 $0 $0 FTA Planning $83,856 $350,000 $266,144 $0 $0 $0 Vehicle Registration $3,063,460 $3,090,040 $3,151,841 $3,214,878 $3,279,175 $3,344,759 Vanpool Fund Balance ($76,616) $43,484 $80,748 $119,046 $158,265 $198,252 Total Grants and Taxes $3,230,751 $3,795,494 $15,624,578 $4,150,318 $4,263,092 $4,366,004 TOTAL REVENUES $3,522,493 $4,555,340 $16,744,706 $5,538,340 $5,836,911 $6,146,674 Revenues less Expenses $1,675,666 $215,431 ($1,898,347) ($455,480) ($771,334) ($1,029,027) Year End Fund Balance $2,705,476 $2,920,907 $1,022,560 $567,080 ($204,253) ($1,233,281) Reserved for Matching Grants $1,418,578 $1,433,268 $150,000 $150,000 $75,000 $0 Available for Appropriation $1,286,898 $1,487,639 $872,560 $417,080 ($279,253) ($1,233,281) Triangle Transit Authority Budget and Cash Flow Assumptions October 1, 1993 • Bus mileage is budgeted at 600,000 miles for year one. For FY 95 through FY 98 bus mileage is budgeted to increase 7 percent each year. • Cost rates are projected to increase by five percent per year to account for inflation. • With the delivery of 20 CNG buses in late FY 94 the 15 mid sized buses will be used for service to outlying communities. The service to the outlying communities is planned to be operated like large vanpools. Expenses are estimated to be for twelve routes, at 50 miles per day and $2.50 per mile. Revenues are estimated to be 1/2 of operating expenses. • Planning expenses in FY 93, FY 94 and FY 95 include a $1,000,000 regional planning project. A designated federal grant will pay$750,000 towards the study and is included under grant revenues. • Vanpool operating revenues and expenses increase by 20 percent each year. • Investment interest is 3% of prior year fund balance • Capital Purchases 20 medium duty buses, supervisor's van and maintenance truck were delivered in March 1993. Financing is for five years at 4.19 percent interest rate. FY 93 bus capital expenses are 4/12 of the annual amount. Fareboxes, and office equipment are included in the equipment line item. The operating facility will house bus operations and maintenance. It is assumed to cost $4,500,000 and will be financed 80 percent by an FTA grant, 10 percent by a state grant and 10 percent from TTA fund balance. Ten ridesharing vans are purchased each year (except 8 in FY 93). Five are assumed to be replacement vehicles and five are assumed to be expansion vehicles. Financing for vans purchased in FY 93 is 4.19% and assumed to be 5% for FY 94 - FY 98. The 20 CNG buses and fueling facility are estimated to cost$7,000,000. Funding will be 80% FTA, 10% NCDOT and 10% TTA. Grant contracts are projected to be received in late 1993 with vehicle delivery in mid 1994. The park and ride lots, the interactive ridesharing computer and the bus location system are assumed to financed from the CMAQ program at a rate of 80% federal, 10% state, and 10% local. • NCDOT is expected to provide grant funds for 1/2 of the ridesharing program, ten percent of the capital costs and one half the local share for the planning grant. • Vehicle registration tax funds are projected to increase at a rate of two percent per year.