|
47
<br /> M 4 Draft Budget - Durham/Orange Bus and Rail Investment Plan
<br /> FY14 Forecast(July 1,2013-June 30,2014)
<br /> Orange Durham Total
<br /> Revenue:
<br /> (Received July 1,2013-June 30,2014) FY14
<br /> Fcst based on FY13 yr end estimate-4%
<br /> 1/2 Cent Sales Tax 6,283,620 21,730,640 28,014,259 increase in Orange;3%in Durham
<br /> 7Te-ceived July June , o
<br /> of total collections=$4.5M
<br /> Orange-10.1%;Durham-20.7%based on 2012
<br /> census data;FY14 assumed at 2%growth over
<br /> Rental Tax 456,375 935,343 1,391,719 FY13 yr end estimate
<br /> (Received October 1,2013-June 30,2014);
<br /> FY14 assumed at 2.0%growth in Orange and
<br /> $7 County Registration Tax 577,071 1,139,764 1,716,835 2.5%in Durham over FY13 year end estimate
<br /> $3 Regional Registration Tax increase 0 0 0 Pending legislative action
<br /> Grants/Other 0 0 0 To be identified
<br /> Total Collections 7,317,066 23,805,747 31,122,813
<br /> Operating and capital reserve(50%of sales
<br /> Administrative Costs q5,000) q5,000) Q150,000) tax;5%of registration and rental tax)
<br /> Operating and capital reserve(50%of sales
<br /> Reserve�p ppgppppp ryry p Q3,193,412) Q10,969,075) Q14,162,557) tax;5%of registration and rental tax)
<br /> Revenue Available for Bus Svcs 736,250 673,180 1,409,430 Per County plans
<br /> Expenses:
<br /> Pro-rated based on hire date includes benefits
<br /> Personnel and employee related expenses
<br /> Finance(1) in Admin costs in Admin costs In Admin costs
<br /> Capital Development(5)` 114,870 385,651 500,521
<br /> C£tPA (1)` 16,008 53,742 69,750
<br /> Legal(3)* 38,389 128,882 167,271
<br /> Consultants`
<br /> URS 3,190,050 10,709,950 13,900,000 Scope of work attached
<br /> Legal 16,065 53,935 70,000
<br /> Communications Outreach(Bus) 20,000 20,000
<br /> Capital dollars are remaining local costs after
<br /> Capital grants
<br /> Park and Rides/Bus Projects 10,000 82,000 92,000
<br /> Park and Rides/Bus Projects(TTA) 15,000 15,000 30,000
<br /> Hillsborough Train Station 116,000 0 116,000 Funded using reserves
<br /> Transit Services
<br /> Per Orange Plan OPT is 12%of Orange revenue
<br /> Orange Public Transit(OPT) 88,350 0 88,350 available for bus
<br /> Per Orange Plan CHT is 64%of Orange revenue
<br /> Chapel Hill Transit(CHT) 471,200 0 471,200 for bus
<br /> Durham County 33,658 33,658
<br /> Durham Area Transit Authority(DATA) 451,300 451,300
<br /> Per Orange Plan TTA is 24%of Orange
<br /> Triangle Transit Authority(TTA) 176,700 118,620 295,320 revenue available for bus
<br /> Total Bus Svc Expenses: 736,250 603,578 1,339,828
<br /> Bus Revenue Available 736,25 673,18 1,409,430
<br /> Remaining 0 69,602 69,602
<br /> Total Expenses(incl Admin costs) 4,327,631 12,127,739 16,455,370
<br /> Total Revenue 7_317,066 23 805 747 31,122,813
<br /> Balance Remaining 2,989,435 11,678,009 14,667,444
<br /> Remaining(unreserved) (88,047) 708,933 620,886
<br /> Reserve(Operating and Capital) 3,077,482 10,969,075 14,046,557
<br /> 2,989,435 1 11,678,009 14,667,444
<br /> Light Rail expenses split by county:
<br /> Durham 77.05%
<br /> Orange 22.95%
<br /> Durham Orange Bus and Rail Investment Plan 06/13/13
<br />
|