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t <br />SECTION 5: FIVE-YEAR FINANCIAL PLAN <br />FINAL REPORT Yd <br />771. INTRODUCTION <br />This section presents information related to OPT's costs and revenues. Trends in <br />operating and administrative costs over recent years are shown, and future costs <br />over the five-year plan period are discussed. Capital costs are also discussed, <br />focusing primarily on the acquisition of replacement and expansion vehicles Finally, <br />trends in the revenues received in recent years are examined, and projections of <br />future revenues are addressed. <br />The Community Transportation Program (CTP) provides funds from North Carolina <br />Department of Transportation, Public Transportation Division. All Administrative <br />funds require a local match of 15 percent with 85 percent funded by NCDOT. <br />Capital funds require a local match of 10 percent with 90 percent funded by NCDOT <br />5.2. HISTORICAL AND PROJECTED EXPENSES I <br />5.2.1. HISTORICAL COST TRENDS <br />Operating and administrative costs for recent years are shown in Exhibit 5-1. Cost <br />data are illustrated for FY 2002, FY 2003, and FY 2004 <br />The costs are organized into the same categories as are reported by the system on <br />its annual Operating Statistics report to NCDOT-PTD. Costs are shown for <br />Administrative, Capital, and Operating items. Note that in FY 2003, there were no <br />capital expenses Operating expenses increased due to more drivers and mileage <br />for discretionary rural general public services. <br />EXHIBIT 5-1: OPT OPERATING AND ADMINISTRATIVE COSTS <br /> FY 2002 03 FY 2004 <br />Administrative Expenses <br />Personnel Sala & Fringes $122,054 $148,898 <br />Employee Development R <br />Other $14,888 4 $49,115 <br />Subtotal Administrative Expenses $136,942 $142,402 $198,013 <br />Capital Purchases $263,946 $188,310 <br />Technology Purchases $2,772 <br />- <br />Subtotal Capital Expenses $266,718 $0 $188,310 <br />Driver Salaries & Fringes $414,007 $467,122 $475,087 <br />Other Staff Salaries & Fringes $62,599 $71,259 $119,513 <br />Fuel/Oil $175,487 $196,285 $185,070 <br />Vehicle Maintenance <br />Vehicle Insurance <br />Purchased Transportation Expenses <br />Other Providers $28,821 $29,451 $33,060 <br />Other <br />Subtotal Operating Expenses $680,914 $764,117 $812,730 <br />TOTAL EXPENSES $1,084,574 $906,519 $1,199,053 <br />Orange County 5-1 <br />COMMUNITY TRANSPORTATION IMPROVEMENT PLAN ;?