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
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
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.
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 & Shelters5.9
New Passenger Bus Shelters4.3
Mobile Ticketing0.3
30.8
$
Operat ing Budget
Operations
$
426.9
METRO Police & Safety46.4
Customer & Client Service13.9
Information Technology23.3
Procurement & Materials12.5
522.9
$
TOTAL$
553.7
$30.8
$522.9
$100.0
$200.0
$300.0
$400.0
$500.0
$600.0
Capital
Operating
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 Repair9.5
METRONext BOOST Program2.9
41.4
$
Operat ing Budget
System & Capital Planning
$
4.4
METRONext Pre-Planning20.7
Office of Innovation0.7
Urban Design0.3
President & CEO's Allowance & Contingency0.4
26.5
$
Maintain and improve transportation system infrastructure.
Capit al BudgetFacility State of Good Repair Upgrades
$
25.3
Systems State of Good Repair Upgrades15.7
Rolling Stock Replacement14.2
Rolling Stock State of Good Repair11.5
66.7
$
Operat ing Budget
Facilities Maintenance
$
36.9
Engineering & Capital Projects3.6
State of Good Repair Department0.9
41.3
$
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 & Ride4.7
West Loop Bus Lane3.6
Replacement of Automated Fare Collection System1.0
Other0.2
27.2
$
Operat ing Budget
Public Engagement Division
$
1.6
Government Affairs Division2.0
Communications Department14.2
17.8
$
Provide responsive, accountable, and trustworthy governance within
the METRO organization.
Capit al Budget
Facility Environmental Upgrades
$
3.3
IT Systems Upgrades2.0
Fire/Life/Safety Rehabilitation0.6
5.9
$
Operat ing Budget
Human Resources
$
18.8
Finance11.9
Operations Management Support9.0
Executive Office, Board, & Authority Administration4.7
Legal3.9
Audit1.3
President & CEO's Allowance & Contingency18.1
67.7
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
FY2021 Proposed Operating Budget
Service Plan Highlights
•
Park & Ride
•
Local Bus
•
Rail
•
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 $8 million from FY2020
FY2021
FY2020
FY2021
FY2020
FY2021 Proposed
Workforce
4,222
FY2020 Authorized
Workforce
4,510
Total FY2021 Proposed Workforce:
4,222
FY2021 Summary of Proposed Budgets
($ 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
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 Workshop •September 2020
•Post Budgets for Public Review September 8 •Finance & Audit Committee Briefing •Public Hearing September 22 •Board Approval September 2424
METRO Staff
METRO Board