• No results found

FY2021 Budget Workshop

N/A
N/A
Protected

Academic year: 2021

Share "FY2021 Budget Workshop"

Copied!
20
0
0

Loading.... (view fulltext now)

Full text

(1)
(2)

FY2021 Budget Workshop

FY2021–FY2025 Cash Flow Summary

Goals and Targeted Investments

FY2021 Proposed Capital Budget

FY2021 Proposed Operating Budget

Summary of Proposed FY2021 Budgets

(3)

Cash Flow Summary

FY2021 – FY2025 Summary

2020 Budget 2020 Estimate 2021 Projection 2022 Projection 2023 Projection 2024 Projection 2025 Projection

Gross Sales Tax $ 806,756 $ 763,624 $ 752,945 $ 810,568 $ 888,913 $ 955,142 $ 1,017,278 GMP $ (186,511) $ (181,120) $ (179,785) $ (186,988) $ (196,781) $ (205,059) $ (212,826) Net Sales Tax $ 620,245 $ 582,504 $ 573,160 $ 623,580 $ 692,132 $ 750,083 $ 804,452 Cash Reserve Carryover from prior Year $ 372,300 $ 372,192 $ 386,968 $ 185,003 $ 180,900 $ 181,229 $ 193,078 Fares & Misc $ 81,746 $ 49,102 $ 47,216 $ 45,790 $ 52,841 $ 69,116 $ 90,404 Operating Grants $ 89,991 $ 53,000 $ 83,000 $ 70,000 $ 70,000 $ 70,000 $ 70,000 Capital Grants $ 72,088 $ 41,282 $ 62,014 $ 74,626 $ 62,463 $ 62,680 $ 23,687 CARES Act Grants $ - $ 248,835 $ - $ - $ - $ - $ -Debt Proceeds $ 127,663 $ - $ - $ 217,425 $ 170,953 $ 191,780 $ 80,476 Subtotal $ 1,364,032 $ 1,346,916 $ 1,152,358 $ 1,216,424 $ 1,229,291 $ 1,324,887 $ 1,262,097 Debt Service $ (131,520) $ (125,613) $ (118,951) $ (118,790) $ (133,811) $ (143,388) $ (157,281) Capital Budget $ (330,506) $ (185,335) $ (172,083) $ (233,400) $ (229,783) $ (301,880) $ (218,689) Operating Budget $ (684,000) $ (649,000) $ (676,320) $ (683,333) $ (684,468) $ (686,541) $ (700,272) Subtotal $ (1,146,027) $ (959,947) $ (967,355) $ (1,035,524) $ (1,048,062) $ (1,131,809) $ (1,076,243) Cash balance at Year End $ 218,005 $ 386,968 $ 185,003 $ 180,900 $ 181,229 $ 193,078 $ 185,854

(4)

FY2021 Business Plan Goals

Proposed FY2021 Business Plan Goals

Create outstanding trip experiences for all users by connecting

residents to more places, more often, in a safe and efficient

environment.

Enhance communities and lives by providing high quality mobility

options for all service areas and users, which includes innovation and

planning for the future.

Maintain and improve transportation system infrastructure.

Increase public awareness and support for the regional transportation

system, which includes collaboration with Regional and National

leadership.

Provide responsive, accountable, and trustworthy governance within

the METRO organization.

(5)

Create outstanding trip experiences for all users by connecting residents

to more places, more often, in a safe and efficient environment.

Capit al Budget

Bus Stop Accessibility/Site Improvement

$

20.3

Public Accessibility Bike, Sidewalk & Shelters

5.9

New Passenger Bus Shelters

4.3

Mobile Ticketing

0.3

30.8

$

Operat ing Budget

Operations

$

426.9

METRO Police & Safety

46.4

Customer & Client Service

13.9

Information Technology

23.3

Procurement & Materials

12.5

522.9

$

TOTAL

$

553.7

$30.8

$522.9

$100.0

$200.0

$300.0

$400.0

$500.0

$600.0

Capital

Operating

(6)

Enhance communities and lives by providing high quality mobility

options for all service areas and users, which includes innovation

and planning for the future.

(In millions)

Capit al Budget

METRORail Completion FFGA Commitment

$

29.0

State of Good Repair

9.5

METRONext BOOST Program

2.9

41.4

$

Operat ing Budget

System & Capital Planning

$

4.4

METRONext Pre-Planning

20.7

Office of Innovation

0.7

Urban Design

0.3

President & CEO's Allowance & Contingency

0.4

26.5

$

(7)

Maintain and improve transportation system infrastructure.

Capit al Budget

Facility State of Good Repair Upgrades

$

25.3

Systems State of Good Repair Upgrades

15.7

Rolling Stock Replacement

14.2

Rolling Stock State of Good Repair

11.5

66.7

$

Operat ing Budget

Facilities Maintenance

$

36.9

Engineering & Capital Projects

3.6

State of Good Repair Department

0.9

41.3

$

(8)

Increase public awareness and support for the regional transportation

system, which includes collaboration with Regional and National

leadership.

(In millions)

Capit al Budget

Northwest Transit Center Reconfiguration & Parking

Upgrade

$

17.7

West Bellfort Park & Ride

4.7

West Loop Bus Lane

3.6

Replacement of Automated Fare Collection System

1.0

Other

0.2

27.2

$

Operat ing Budget

Public Engagement Division

$

1.6

Government Affairs Division

2.0

Communications Department

14.2

17.8

$

(9)

Provide responsive, accountable, and trustworthy governance within

the METRO organization.

Capit al Budget

Facility Environmental Upgrades

$

3.3

IT Systems Upgrades

2.0

Fire/Life/Safety Rehabilitation

0.6

5.9

$

Operat ing Budget

Human Resources

$

18.8

Finance

11.9

Operations Management Support

9.0

Executive Office, Board, & Authority Administration

4.7

Legal

3.9

Audit

1.3

President & CEO's Allowance & Contingency

18.1

67.7

(10)

FY2021 – FY2023 Proposed

METRONext Investment

FY2021

Budget

Proposal

FY2022

FY2023

Operating Budget

$

20,655

$

27,668

$

29,748

Capital Budget

$

23,206

$

52,088

$

39,360

(11)
(12)
(13)
(14)

FY2021 Proposed Operating Budget

Service Plan Highlights

Park & Ride

Local Bus

Rail

(15)

FY2021 New Needs

METRONext Implementation pre-planning activities

Additional Cleaning and other ‘New Normal”

expenses

Adjustments to Base Budget

Adjust Service to Demand

Reduction of one-time expenses

Eliminate and/or delay filling vacancies

Reduced non-labor expenses

FY2021 Proposed Operating Budget

Reduction of $8 million from FY2020

(16)

FY2021

FY2020

(17)

FY2021

FY2020

(18)

FY2021 Proposed

Workforce

4,222

FY2020 Authorized

Workforce

4,510

Total FY2021 Proposed Workforce:

4,222

(19)

FY2021 Summary of Proposed Budgets

($ in millions)

Approved Proposed

Description

FY2020

FY2021

Budget

Budget

Amount Percent

Operating Budget

$

684.0

$

676.3

$

(7.7)

(1.1%)

Capital Budget

330.5

172.1

(158.4)

(47.9%)

GMP Transfer

186.5

179.8

(6.7)

(3.6%)

Debt Service

131.5

119.0

(12.6)

(9.6%)

Total

$

1,332.5

$

1,147.1

$

(185.4)

(13.9%)

Change

(20)

April 2020 Business Plan & Budget Kickoff Present Draft Parameters & Goals April 2020 Capital Budget Guidance Late April 2020 Operating Budget Guidance May 2020 Midyear Budget Workshop FY2020 Review/ Forecast Parameters FY2021 Goals Discussion May 2020 Capital Budget Due June 2020 Budget Workshop FY2021 Goals Funding Envelope Preliminary Capital Plan July 2020 Budget Workshop 5 -Year Cash Flow Update Draft CIP and Project Prioritization July 8 Operating Budget Due August 2020 Budget Workshop Presentation of Budgets September 1 Budget WorkshopSeptember 2020

•Post Budgets for Public Review September 8 •Finance & Audit Committee Briefing •Public Hearing September 22 •Board Approval September 2424

METRO Staff

METRO Board

References

Related documents

 India’s budgetary fiscal deficit for the April-June 2020-21 period stood at Rs 6.62 lakh crore, or 83.2 per cent of the budget estimates (BE).. The 2020-21 deficit – the

Proposed Resolution Approving and Adopting the Fiscal Year 2020 Consolidated Midyear Operating Budget Modification, Authorizing the President and CEO, or Designee, to Execute

After passing the finance act 2020, the dual system of calculation of income tax has come into effect from 1, April 2020. The budget 2020 has introduced special tax rates

A budget for period ending April 2020 was presented. Most numbers did not change as there has been little activity with events, printing, etc. The budget was broken up into three

Description: In 2014, Regional Emergency Services (RES) adopted an updated Emergency Vehicle Life Cycle Replacement policy. The policy covers the entire fleet of RES vehicles

Note: A Special Adjustments Budget was tabled in the Provincial Legislature during July 2020 following the Supplementary Budget tabled by the Minister of Finance on 24 June

Loan Fund

These guidelines provide academic and administrative leaders guidance to develop FY21 budget scenario plans that anticipate E&G spending reductions of 3%, 7% and 10%.. Why is