1 / 12

Whatcom Transportation Authority

Whatcom Transportation Authority. 2014 Proposed Budget October 17, 2013. 2013 Financial Highlights. Sales Tax receipts are up 6.8% YTD from 2012 The move from self-insurance to AWC health insurance reduced expense approximately $1.1m Stability: Expenses are $1.5m below budget

manny
Télécharger la présentation

Whatcom Transportation Authority

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Whatcom Transportation Authority 2014 Proposed Budget October 17, 2013

  2. 2013 Financial Highlights • Sales Tax receipts are up 6.8% YTD from 2012 • The move from self-insurance to AWC health insurance reduced expense approximately $1.1m • Stability: • Expenses are $1.5m below budget • Operating revenue is $1m more than budget • Fuel cost is on target • Ridership is stable

  3. 2014 Fiscal Environment • Biggest threat: US tax & budget policy • Whatcom County housing market improves, although higher interest rates could affect affordability • Local Employment improves • Local construction activity and car sales are up • Slow steady sales tax revenue growth expected • Cross border economic exchange continues • Overall: less risk (see first bullet)

  4. 2014 Assumptions

  5. 2014 Operating Budget Initiatives • Smart Bus Planning • MAP21 Compliance • Business Process Improvement (Lean) Training • Trapeze PLAN & InfoAgent version maintenance • Fleet Diesel Mechanic intern • Two additional staff positions: • IT Applications Administrator • Revenue Analyst

  6. End

More Related