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29
<br /> Plan Implementation and Finance
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<br /> REVENUES EXPENDITURES
<br /> Z
<br /> Fiscal Year Portion of Q
<br /> Ending Regional Rental Excess Capital
<br /> S3 c-. Car Taz Avail Long- P,,c] eFund EXlsting Lowl Enlsting Stan Commuar Debt Service& Operating Gpltal Fund
<br /> 1/2 Cent Salsa Regional Cer E]Wake Car for Wake Transit Term Bond Short-Term OnBovn)and Revenuecfor $upportfor Bu. Farebox Annual BRT Capital Rail Capital Other Capital Debt Service Fund Belano Balance Operating Flacal Year
<br /> Taz Registration Regiatr,1Ca, Plan Federal%u ds2 Stets Funds3 Proceed.4 Debt Principal Outaovn Bue Operations Operation Revenue& Revenue. Expenditures Expenditures Expenditures] Reserve Fund Alloeation Allocation Expenae. Total Expenses Ending LL
<br /> 6/30/2017 18,893 621 1,449 878 5,000 14,594 1,200. 3,764 46,398 18,893 51866 21,640 46,398 6/30/201]1
<br /> 6/3012018 78,593 2,534 5,912 3,598 19,803 1,000 (51,602) 14,959 1,200 3,858 ]91855 8,405 13,197 15,669 756 14,297 27,531 79,855 6/3012018 Q
<br /> 6130/2019 81,]3] 2,584 6,030 3,688 47,351 918 38,461 - 5,559 15,333 1,200 4,323 207,185 2,4,897 48,541 66,330 6,317 786 20,163 40,151 207,185 6130/2019 7
<br /> 6/30/2020 85,006 2,636 6,151 3,780 52,606 827 50,975 - 29,796 15,]1] 1,200 5,508 254,202 28,854 561640 83,067 11,224 817 40,325 33,274 254,202 6130/2020 Q
<br /> 6/30/2021 88,406 2,689 6,274 3,874 91,9]] ]94 "A" 40,000 1,950 16,110 1,200 6,758 324,8]] 75,635 88,633 60,769 1],0]0 850 41,920 284,8]] 6/30/2021
<br /> 6/30/2022 91,943 2,]43 6,400 3,9]1 153,621 620 102,145 - (8,104) 16,512 1,200 8,094 379,144 140,785 147,623 50,041 29,716 884 - 50,095 419,144 6/30/2022 Z
<br /> 6/30/2023 95,620 2,798 6,528 4,071 142,204 716 107,126 - 22,221 16,925 1,200 9,469 408,8]] 68,432 195,827 48,59] 36,578 919 - 58,522 408,8]] 6/30/2023 O
<br /> 6/30/2024 99,445 2,853 6,658 4,172 76,623 1,943 59,765 (91000) (13,%9) 1],348 1,200 14,138 261,178 - 133,510 9,672 36,243 956 - 80,]9] 261,178 6/30/2024
<br /> 6/30/2025 103,423 2,911 6,791 4,2T] 102,044 2,001 80,454 (11000) (5,738) 1],]82 1,200 15,]4] 329,891 - 183A53 11,616 43,140 994 - 90,487 329,891 6/30/2025
<br /> 6/30/2026 10],560 2,969 6,927 4,384 19,250 1,416 8,316 (30,000) 19,843 18,226 1,200 17,402 1]],492 - 18,983 19,611 37,396 1,034 - 100,468 1]],492 6/30/2026 Q
<br /> 6/30/200 111,862 3,028 7,066 4,493 9,997 3,457 - - 555 18,682 1,200 22,846 183,186 - - 17,000 35,]]3 1,076 - 129,33] 183,186 6/30/2027 `
<br /> 6/30/20M 116,337 3,089 ],20] 4,606 10,228 3,543 26,624 (221) 19,149 1,200 23,417 215,178 41,000 40,489 1,119 132,571 215,178 6/30/2028 r
<br /> 6/30/2029 120,990 3,150 7,351 4,721 16,291 3,632 6A56 476 19,628 1,200 24,003 208,097 29,955 39,044 Ma 13],935 208,097 6/30/2029 Z
<br /> 6/30/2030 125,830 3,213 7,498 4,839 16,464 3,723 16,640 (7,934) 20,119 1,200 24,603 216,194 - - 31,017 41,334 1,210 - 142,632 216,194 6/30/2030 W
<br /> 6/30/2031 130,863 3,278 7,648 4,960 16,637 3,816 - ],8]2 20,622 1,200 25,218 222,113 - - 34,295 39,695 1,258 - 146,864 222,113 6/30/2031 C
<br /> 6/30x2032 136,097 3,343 7,801 5,084 16,811 3,911 37,717 (338) 21,137 1,200 25,848 258,612 60,4% 46,3]4 1,309 150,433 258,612 6/30/2032 C
<br /> 6/30/2033 141,541 3,410 ],95] 5,211 16,953 4,009 (16) 21,666 1,200 26,494 22BA25 28,615 42,657 1,361 155,792 228,425 6/30/2033 W
<br /> 6/30/2034 147,203 3,478 8,116 5,341 1],00] 4,109 68,]]8 (5,882) 22,207 1,200 2],15] 298,715 82,920 54,838 1,415 159,542 298,715 6/30/2034 _j
<br /> 6/30/2035 153,091 3,548 8,278 5,475 17,062 4,212 6,345 22,762 1,200 0,836 249,810 33,243 48,060 1,472 167,035 249,810 6/30/2035 0-
<br /> 6/30/2036 159,215 3,619 8,444 5,611 17,092 4,317 39,936 022) 23,331 1,200 28,532 291,175 - - 63,537 55,133 1,531 - 1]0,9]5 291,175 6/30/2036 2
<br /> 6/30/20N 165,583 3,691 8,613 5,752 17,122 4,425 13,312 % 23,915 1,200 29,245 92,957 40,098 53,554 1,592 177,713 2]2,95] 6/30/2037
<br /> Total $2,359,237 $62,185 $145,099 $92,783 $882,145 $53,390 $]21,]49 $- $789 $396,725 $25,200 $374,258 $5,113,561 $347,008 $886,607 $827,550 $714,635 $41,396 $80,650 $2,215,715 $5,113,561 Z
<br /> Figure 28:Summary of Capital Expenditures Q
<br /> 1 Assumes 114 Year Funding with November 2016 Referendum 5.Excludes interest on short-term debt,which is included in debt service. J
<br /> 2.Assumes 50%Federal Funding of BRT and Commuter Rail Capital Project Cost.Includes BRT and Commuter Rail Federal Operating Funds,and Federal Bus Operating Funds 6.Assumes 24%Farebox Recovery Ratio for Ridership Scenario;l0%for Coverage;3%Inter-town;0%for no-f for with an annual increase in f box revenue of2.5%beghudng in FY d
<br /> 3.Assumes m state contribution for capital except bus replacement,state operating support f bus operating,BRT,and commuter rail. 2019
<br /> 4.Rail 30 Year Amortization at 5.25%;BRT and Other Capital 20Y Amortisationat4.75%.Commuter rail 40%debt funded 2019-2026.BRT 15.5%debt funded 2019-2023. 7.Funds to be allocated to bus purchases f expanded bus routes,bus replacements,stat ions,sidewalk improvements and bus access,and other capital cost s such as maintenance facilities.Also
<br /> 31% fBus Infrastructure debt funded 2019-2024. includes£ware projects to be identified$35 M between 2025-2027 and$264.5 M between 2028-2037.
<br /> Gross Debt Service Coverage Net Debt Service Coverage After Operating 20-Year Expenditure Summary
<br /> (Revenues to Annual Debt Service)=3.0 Expenses=1.25
<br /> 18 16
<br /> 16 14 Recommended - -County Transit Plan 2017-2037*
<br /> 14 BRT Capital and Operations,Enhanced Bus Network $2,949,773 58%D
<br /> 12 Operations,Bus Acquisition and Bus Infrastructure
<br /> 0 12 0
<br /> F 10 Commuter Rail Capital and Operations 1,582,549 31%
<br /> m 10 v
<br /> a M 8 Future Capital Projects and Operating 459,193 9%
<br /> as 8
<br /> 0 6 5 6 Fund Balance Allocation 122,046 2%
<br /> 4 4 Total $5,113,561 100%
<br /> 2 2 Figure 31:Local Service Operating Costs in 2027
<br /> 0 0 *Allocation includes debt service
<br /> o N m a � r0 n og m o N m a � r0 n o N m a � e n oo m o N m a � e n
<br /> N N N N N N N N N N M M M M M M M M N N N N N N N N N N M M M M M M M M
<br /> O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O
<br /> N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N
<br /> -Gross Debt Service Coverage -Gross Debt Service Policy -EBITDA Debt Service Cov -EBITDA Policy
<br /> Figure 29:Gross Debt Service Coverage Chart Figure 30:Net Debt Service Coverage Chart
<br /> JARRETT WALKER + ASSOCIATES KimleyoHorn M Wake County Transit Investment Strategy 136
<br /> zoRecommended Wake County Transit Plan
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