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FY14 Draft Budget - Durham /Orange Bus and Rail Investment Plan
<br />FY14 Forecast
<br />Orange Durham Total
<br />a
<br />Expenses:
<br />4,211,6311
<br />12,127,739
<br />16,339,370
<br />(Received July 1, 2013 - June 30, 2014) FY14
<br />7,317,0661
<br />23 805 747
<br />31,122.813
<br />Balance Remaining
<br />Fcst based on FY 13 yr end estimate - 4%
<br />1/2 Cent Sales Tax
<br />6,283,620
<br />21,730,640
<br />28,014,259
<br />increase in Orange; 3% in Durham
<br />Consultants`
<br />3,206,115
<br />10,763,885
<br />13,970,000
<br />TReceived July 1, 2013 - June 30, 2014); 50%
<br />Communications Outreach (Bus)
<br />20,000
<br />20,000
<br />of total collections =$4.5M
<br />Orange- 10.1 %; Durham- 20.7% based on 2012
<br />Capital
<br />25,000
<br />97,000
<br />122,000
<br />census data; FY14 assumed at 2% growth over
<br />Rental Tax
<br />456,375
<br />935,343
<br />1,391,719
<br />FY13 yrend estimate
<br />(Received October 1, 2013 - June 30, 2014);
<br />Orange Public Transit (OPT)
<br />88,350
<br />88,350
<br />FY14 assumed at 2.0% growth in Orange and
<br />$7 County Registration Tax
<br />577,071
<br />1,139,764
<br />1,716,835
<br />2.5% in Durham over FY13 year end estimate
<br />$3 Regional Registration Tax increase
<br />0
<br />0
<br />0
<br />Pending legislative action
<br />Grants /Other
<br />0
<br />0
<br />0
<br />Total Collections
<br />7,317,066
<br />23,805,747
<br />31,122,813
<br />Admin Costs
<br />( "75,000
<br />( 75,000
<br />(1�)o,000t
<br />Per Orange Plan TTA is 24% of Orange
<br />Triangle Transit Authority (TTA)
<br />176,700
<br />118,620
<br />295,320
<br />Operating and capital reserve (50% of sales
<br />Reserve
<br />(3,193,4E2y
<br />(10,969,075
<br />(14,162,557y
<br />tax; 5% of registration and rental tax)
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<br />736,250
<br />673,180
<br />1,409,430
<br />Revenue Available for Bus Svcs
<br />736,250
<br />673,180
<br />1,409,430
<br />Per County plans
<br />Expenses:
<br />4,211,6311
<br />12,127,739
<br />16,339,370
<br />Total Revenue
<br />7,317,0661
<br />23 805 747
<br />31,122.813
<br />Balance Remaining
<br />Pro -rated based on hire date includes benefits
<br />Personnel `
<br />169,266
<br />568,276
<br />737,542
<br />and employee related expenses
<br />Consultants`
<br />3,206,115
<br />10,763,885
<br />13,970,000
<br />Communications Outreach (Bus)
<br />20,000
<br />20,000
<br />Capital dollars are remaining local costs after
<br />Capital
<br />25,000
<br />97,000
<br />122,000
<br />grants
<br />Transit Services
<br />Per Orange Plan OPT is 12% of Orange revenue
<br />Orange Public Transit (OPT)
<br />88,350
<br />88,350
<br />available for bus
<br />Per Orange Plan CHT is 64% of Orange revenue
<br />Chapel Hill Transit (CHT)
<br />471,200
<br />471,200
<br />for bus
<br />Durham County
<br />33,658
<br />33,658
<br />Durham Area Transit Authority (DATA)
<br />451,300
<br />451,300
<br />Per Orange Plan TTA is 24% of Orange
<br />Triangle Transit Authority (TTA)
<br />176,700
<br />118,620
<br />295,320
<br />revenue available for bus
<br />Total Bus Svc Expenses:
<br />736,250
<br />603,578
<br />1,339,828
<br />Bus Revenue Available
<br />736,250
<br />673,180
<br />1,409,430
<br />Remaining
<br />0
<br />69,602
<br />69,602
<br />Total Expenses (incl Admin costs)
<br />4,211,6311
<br />12,127,739
<br />16,339,370
<br />Total Revenue
<br />7,317,0661
<br />23 805 747
<br />31,122.813
<br />Balance Remaining
<br />3,105,435
<br />11,678,009
<br />14,783,444
<br />Remaining (unreserved)
<br />(88,047)
<br />708,933
<br />620,886
<br />Reserve (Operating and Capital)
<br />3,193,482
<br />10,969,075
<br />14,162,557
<br />3,105,435
<br />11,678,009
<br />14,783,444
<br />Light Rail expenses split by county:
<br />Durham 77.05%
<br />Orange 22.95%
<br />FY14 new revenue draft 4 050813 orange meeti ng format
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