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Metropolitan Council Transportation Division 2008 Operating Budget

Metropolitan Council Transportation Division 2008 Operating Budget. presented to the Metropolitan Council August 8, 2007. State Transit Revenue Outlook. MVST continues to be a volatile revenue source Current Feb. 07 MVST forecast significantly down from Feb. 06 forecast

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Metropolitan Council Transportation Division 2008 Operating Budget

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  1. Metropolitan CouncilTransportation Division2008 Operating Budget presented to the Metropolitan Council August 8, 2007

  2. State Transit Revenue Outlook • MVST continues to be a volatile revenue source • Current Feb. 07 MVST forecast significantly down from Feb. 06 forecast • -5% FY07, -11% FY08 and -10% FY09 • 2007 legislative session results impacted long-term funding • MVST phase-in at 36%, not 38% • GF appropriation held at FY07 level for FY08 & FY09; one-time $20 M in FY08 • Hennepin Co. share of Hiawatha LRT operating capped at $5.3 M with no state replacement

  3. Metro Area Transit MVST Revenue Projections(millions) • Actual receipts • Assumed 38% MVST phase-in • MVST phase-in at 36%

  4. CY 2008 Budget Assumptions • No service cuts • No fare increase • No planned service expansion • Address shortfalls through: • Cost containment • Service efficiencies • Administrative cost adjustments • State supplemental budget request • Recommended use of reserves

  5. Metro Transit Budget Highlights • Maintains 2007 service levels • Continued focus on security • Includes diesel fuel at $2.56/gallon • Maintenance challenges with bus fleet average age increase from 4.86 years in 2004 to 8.60 years in 2008 • Light rail vehicle overhaul program • Bus and Rail budgets unbalanced • NorthStar revenue source to fund pre-revenue operations

  6. Metro Transit Bus - 2008 Revenue & Expenses Revenue $237.1M Expenses $239.4M State General Fund $52.1 (22%) Salaries & Benefits $183.4 (77%) MVST $91.0 (38%) Passenger Fares $70.3 (30%) Central NorthStar Capital $4.7 (2%) Materials & Supplies $11.2 (5%) Utilities $5.0 (2%) Fuel $20.4 (8%) RA Allocation $13.9 (6%) All Other Sources $8.7 (4%) All Other Expenses $5.5 (2%) Federal Grants/CMAQ $3.3 (1%) Federal Preventive Maintenance $7.0 (3%) Note: the 2008 Budget is proposed to be balanced with a $2.3M use of reserves.

  7. Metro Transit Rail - 2008 Revenue & Expenses Expenses $25.0M Revenue $24.3M Salaries & Benefits $12.5 (50%) State General Fund $5.3 (22%) Hennepin County $5.3 (22%) Modal Allocations $2.6 (10%) LRV Propulsion $1.1 (4%) MVST $3.7 (15%) Utilities $1.0 (4%) Materials & Supplies $1.8 (8%) RA Allocation $1.0 (4%) Other $0.8 (3%) All Other Expenses $5.0 (20%) Passenger Fares $9.2 (38%) Note: the 2008 Budget is proposed to be balanced with a $0.7M use of reserves.

  8. Metro Transit - Northstar

  9. Metro Transit - Bus & Rail Consolidated

  10. Metro TransitFTEs by Budget Year

  11. Metro TransitReserves – Fund Balance & Retirement Liability $s in millions

  12. MTS Budget Highlights Shortfall • Projected deficit of $420,000 Potential Solutions • State General Fund supplemental budget request for Metro Mobility • Use of fund balance/reserves if necessary Budget Constraints • Metro Mobility increasing demand combined with federally required denial rate leaves little flexibility

  13. Metropolitan Transportation Services2008 Revenue & Expenses Revenue $81.7 M Expenses$82.1 M Metro Mobility $35.4 M 43% MVST $30.3 M 37% State General Fund $34.5 M 42% STAP $25.0 M 30% Planning $3.5 M 4% Fares $5.0 M 6% Local/ Other $1.0 M 1% Contracted Transit $18.2 M 22% Federal $10.9 M 13% • 2008 Budget assumes a $420,000 shortfall • STAP figures exclude fares and other revenues

  14. MTS Revenue and Expenditures $’s in millions *Adjusted for fares retained by providers for comparative purposes.

  15. Historic Reserves and FTEs $s in millions

  16. Transportation Division2008 Revenue & Expenses Revenue $343.7 M Expenses$347.1M MT Bus $239.4 M 70% GF $91.9 M 27% MVST $125.0M 36% MTS $82.1 M 23% Fares $84.5 M 25% Northstar $.6 M <1% Local/ Other $21.1 M 6% MT Rail $25.0 M 7% Federal $21.2 M 6% • 2008 Budget assumes a $3.4 M shortfall for MT & MTS • Assumes a revenue source for Northstar in Other Revenue

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