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Transit Financials - Round Table Discussion

Transit Financials - Round Table Discussion. Lan Rao Finance Administrator Mountain Metropolitan Transit September 21, 2017. Transit Financials. Part I: MMT Information Part II: Round Table Discussion. Mountain Metropolitan Transit (MMT). Transit Services Division

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Transit Financials - Round Table Discussion

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  1. Transit Financials - Round Table Discussion Lan Rao Finance Administrator Mountain Metropolitan Transit September 21, 2017

  2. Transit Financials Part I: MMT Information Part II: Round Table Discussion

  3. Mountain Metropolitan Transit (MMT) Transit Services Division • A division of the City of Colorado Springs • Transit staff functions • Visioning, planning and community relations • Contract management, oversight and compliance • Set policies and standards • Transit Org Chart • Support from other City departments Transit Contractors • Fixed-Route Service: McDonald Transit • ADA Paratransit Service: National Express • Fleet Maintenance: Transdev • Human Service Providers (HSP) • Facilities Contractors • IT Contractors • Planning Consultants

  4. MMT Services Mountain Metro Fixed-Route Service • 7 days a week, 362 days per year • Provided more than 3 million passenger trips annually Specialized Transportation • Metro Mobility ADA paratransit • ADA-required within ¾ miles of fixed-route service • Same days and times as fixed-route service (7/362) • Human Services Transportation • Above and beyond ADA requirements • Services provided by Silver Key, Fountain Valley Sr. Center, Amblicab and Community Intersections Metro Rides • Vanpool commuter program • 7 days a week; primarily weekdays • Carpool, Schoolpool and biking programs

  5. Fixed-Route BusService Serving the Pikes Peak Region • North to Research Parkway • East to the Powers/Tutt Boulevard Corridor • South into Widefield/Security • West into Manitou Springs

  6. 2017 Transit Operating BudgetRevenue MOE: $5,717,814 Total: $22,670,399

  7. 2017 Transit Operating BudgetExpenditure Total: $22,670,399

  8. 2017 Transit Capital BudgetRevenue Total: $10,243,265

  9. 2017 Transit Capital BudgetExpenditure Total: $10,243,265

  10. Transit Operating Budget ProjectionPPRTA and City Funding

  11. Transit Financials Part I: MMT Information Part II: Round Table Discussion

  12. Potential Discussion Topics • What are the biggest challenges? • Staffing, Audit, Grants, NTD, Contracts • Revenue collection • Who collects revenue, cash control, online bus pass system • Expenditure monitor • Budget vs. expenditure, Encumbrance report • NTD reporting • Operational, Safety and Security, Financial, assets, sampling data • Budgeting • Budget cycle, operating vs capital, CIP projects, operating reserve • Grants Management • Rules and regs, CDOT and FTA grants, system, reporting • Audit • Annual NTD, Triennial, Single audit, others • Procurement • Spending threshold, fuel purchase, credit card, use of financial data to help procurement practices

  13. Potential Discussion Topics • Additional topics

  14. Transit Financials Part I: MMT Information Part II: Round Table Discussion Lan Rao Finance Administrator Mountain Metropolitan Transit (719) 385-7478 lrao@springsgov.com

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