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<br /> FY14 Draft Budget - Durham/Orange Bus and Rail Investment Plan
<br /> FY14 Forecast
<br /> Orange Durham Total
<br /> Revenue:
<br /> (Received July 1,2013-June 30,2014) FY14
<br /> Fcst based on FY 13 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 /> TReceived July 1,2013-June 30,2014);50%
<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 yrend 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
<br /> Total Collections 7,317,066 23,805,747 31,122,813
<br /> Admin Costs ("75,000 (75,000 (1�)o,000t
<br /> Operating and capital reserve(50%of sales
<br /> Reserve pp��������gqppppggggNN (3,193,4E2y (10,969,075 (14,162,557y 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` 169,266 568,276 737,542 and employee related expenses
<br /> Consultants` 3,206,115 10,763,885 13,970,000
<br /> Communications Outreach(Bus) 20,000 20,000
<br /> Capital dollars are remaining local costs after
<br /> Capital 25,000 97,000 122,000 grants
<br /> Transit Services
<br /> Per Orange Plan OPT is 12%of Orange revenue
<br /> Orange Public Transit(OPT) 88,350 88,350 available for bus
<br /> Per Orange Plan CHT is 64%of Orange revenue
<br /> Chapel Hill Transit(CHT) 471,200 471,200 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 736,250 673,180 1,409,430
<br /> Remaining 0 69,602 69,602
<br /> Total Expenses(incl Admin costs) 4,211,631 12,127,739 16,339,370
<br /> Total Revenue 7,317,066 23 805 747 31,122.813
<br /> Balance Remaining 3,105,435 11,678,009 14,783,444
<br /> Remaining(unreserved) (88,047) 708,933 620,886
<br /> Reserve(Operating and Capital) 3,193,482 10,969,075 14,162,557
<br /> 3,105,435 11,678,009 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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