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SECTION 5: FIVE-YEAR FINANCIAL PLAN
<br />FINAL REPORT q6
<br />Under OPT's current practice of charging on a per mile and per hour basis for most
<br />contracts, and on a per mile basis only for agencies that supply their own drivers, the
<br />appropriate rates are the above adjusted rates multiplied by the fixed-cost factor,
<br />The recommended billing rates are:
<br />Per hour: $22.25
<br />Per mile: $ 0.41
<br />These rates are slightly below the current rate charged per mile of $0.45, but higher
<br />than the per hour rate of $19.00.
<br />These rates will allow OPT to cover the full cost of its services including establishing
<br />an operating reserve and covering the local share of vehicle costs, while giving the
<br />agencies credit for DOT funding. Note further that these rates are based upon the
<br />existing level of service. Should OPT implement the east/west route and take over
<br />the E-Z Rider service, these costs will need to be adjusted.
<br />5.2.2. PROJECTIONS OF FUTURE COSTS
<br />Exhibit 5-3 shows the estimated expenses in constant dollars for the capital
<br />program. Dollar amounts have been projected using DOT estimated costs, and are
<br />shown in constant dollars
<br />EXHIBIT 5-3 PROJECTED CAPITAL EXPENSES
<br /> Year1 Year2 Year3 Year4 Year5
<br /> FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 Total
<br />Replacement Lift Vans Number of Vehicles 0 1 0 1 0 2
<br />Vehicles Unit Cost $ 38,500 $ 38,500 $ 38,500 $ 38,500 $ 38,500 $ 38,500
<br /> Total Cost $ - $ 38,500 $ - $ 38,500 $ - $ 77,000
<br /> Center Aisle Number of Vehicles 0 1 0 5 0 6
<br /> Vans (no lift) Unit Cost $ 29,000 $ 29,000 $ 29,000 $ 29,000 $ 29,000 $ 29,000
<br /> Total Cost $ - $ 29,000 $ - $ 145,000 $ - $ 174,000
<br /> Minivans Number of Vehicles 0 2 0 0 0 2
<br /> (no lift) Unit Cost $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
<br /> Total Cost $ - $ 50,000 $ - $ - $ - $ 50,000
<br /> Minibuses Number of Vehicles 0 4 3 3 3 13
<br /> Unit Cost $ 44,663 $ 44,663 $ 44,663 $ 44,663 $ 44,663 $ 44,663
<br /> Total Cost $ $178,652 $133,989 $133,989 $133,989 $ 580,619
<br />Expansion Lift Vans Number of Vehicles 7 7
<br />Vehicles Unit Cost $ 38,500 $ 38,500 $ 38,500 $ 36,500 $ 38,500 $ 38,500
<br /> Total Cost $ - $ - $269,500 $ - $ - $ 269,500
<br /> Minibuses Number of Vehicles 4 4
<br /> Unit Cost $ 44,663 $ 44,663 $ 44,663 $ 44,663 $ 44,663 $ 44,663
<br /> Total Cost $ - $178,652 $ $ - $ - $ 178,652
<br /> Radios Total Cost $ 12,000 $ 12,000
<br /> Sched. Sys. Total Cost $ 37,000 $ 37,000
<br /> Fareboxes Number of Vehicles 13 4 15 32
<br /> Unit Cost $ 100 $ 100 $ 100 $ 100 $ 100 $ 100
<br /> Total Cost $ 1,300 $ 400 $ 1,500 $ $ - $ 3,200
<br /> TOTAL $ 1,300 $512,204 $416,989 $317,489 $133,969 $1,381,971
<br /> Local Share $ 130 $ 51,220 $ 41,699 $ 31,749 $ 13,399 $ 138,197
<br />The vehicle acquisition schedule reflects the schedule outlined in Chapter 4. In
<br />Orange County 5-4
<br />COMMUNITY TRANSPORTATION IMPROVEMENT PLAN
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