Budget Summary 2013 - Intercity Transit
Budget Summary 2013 - Intercity Transit
Budget Summary 2013 - Intercity Transit
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<strong>2013</strong><br />
<strong>Budget</strong> <strong>Summary</strong><br />
<strong>2013</strong> <strong>Budget</strong> Highlights<br />
<strong>Intercity</strong> <strong>Transit</strong>’s <strong>2013</strong> budget is $47.8 million. This includes an<br />
operating budget of $35.7 million and capital budget of<br />
$12.1 million. The <strong>2013</strong> budget includes:<br />
• A slight increase in service hours due to additional Dial-A-Lift<br />
hours.<br />
• Security improvements to the Lacey <strong>Transit</strong> Center and<br />
Martin Way Park & Ride.<br />
• Purchase of one expansion and nine replacement Dial-A-Lift<br />
vans.<br />
• Purchase of 11 expansion and 44 replacement vanpool<br />
vehicles.<br />
• Completion of the Olympia <strong>Transit</strong> Center expansion design<br />
and engineering work and significant construction progress.<br />
New Staff Positions<br />
The <strong>2013</strong> budget includes the following new staff<br />
positions:<br />
• Travel Training Coordinator, adding a second<br />
coordinator to expand our travel training efforts<br />
with hopes of reducing demand for Dial-A-Lift<br />
service.<br />
Conclusion<br />
We enter <strong>2013</strong> in good financial position but with a very uncertain future. The current economic situation continues<br />
to be unstable, and it is difficult to predict when significant recovery from the current downturn will occur.<br />
Implementing this budget addresses the transportation needs of our growing community, while serving as a model<br />
of an agency committed to sustainability and sound environmental practices. We continue to be a public transportation<br />
agency that is much more than a “bus company” one that is committed to providing mobility to all members of<br />
our community. This budget helps us fulfill the <strong>Intercity</strong> <strong>Transit</strong> vision:<br />
Our vision is to be a leading transit system in the country, recognized for our well<br />
trained, highly motivated, customer-focused, community-minded employees<br />
committed to enhancing the quality of life for all citizens of Thurston County.
Revenues by Source and Expenditures by Function<br />
with Beginning and Ending Cash Balances<br />
2012 <strong>Budget</strong> 2012 Projected <strong>2013</strong> <strong>Budget</strong> 2012 Projected<br />
vs. <strong>2013</strong> <strong>Budget</strong><br />
January 1 Cash Balance $20,418,400 $20,384,242 $21,215,698 4.08%<br />
Revenues by Source<br />
Fares 4,247,249 4,374,920 4,836,214 10.54%<br />
Advertising 280,209 277,080 298,620 7.77%<br />
Interest Income 227,934 177,577 296,610 67.03%<br />
Sales Tax 28,925,180 28,385,174 28,952,878 2.00%<br />
Grants 14,583,928 10,475,914 11,288,902 7.76%<br />
Miscellaneous 28,600 151,732 113,576 -25.15%<br />
Estimated Available Cash $68,711,500 $64,226,639 $67,002,498 4.32%<br />
Expenditures by Function<br />
Vehicle Operations 15,785,164 15,680,321 16,243,875 3.59%<br />
Vehicle Maintenance 8,019,321 8,311,578 8,335,051 0.28%<br />
Non-Vehicle Maintenance 1,941,732 1,593,023 2,023,238 27.01%<br />
Administration 7,052,451 6,614,517 8,577,150 29.67%<br />
Vanpool 464,152 446,148 478,204 7.19%<br />
Capital 25,475,780 10,365,354 12,110,682 16.84%<br />
December 31 Cash Balance 9,972,900 21,215,698 19,234,298 -9.34%<br />
Less Operating Reserve -8,315,705 -8,161,397 -8,914,380 9.23%<br />
December 31 Unreserved<br />
Cash Balance<br />
1,657,195 13,054,301 10,319,918 -20.95%
Capital Projects – <strong>2013</strong> <strong>Budget</strong><br />
Staff Vehicles 35,000<br />
Shop/Garage Equipment 25,000<br />
Information System Equipment 676,960<br />
Facility Enhancements 665,000<br />
Park & Ride Lots 396,200<br />
Facility Enhancements - Upgrading the<br />
boilers in the Maintenance building, replacing<br />
the air compressor and dryer, upgrading the<br />
lighting in the Pattison Street facility, adding<br />
catwalks to the heat recovery system in the<br />
Maintenance facility, installing cameras at<br />
the Lacey <strong>Transit</strong> center, and installing<br />
additional solar lights in bus shelters.<br />
Olympia <strong>Transit</strong> Center Expansion 7,655,182<br />
Dial-A-Lift Vans 1,177,290<br />
Vanpool Vehicles 1,480,050<br />
Total $12,110,682<br />
Revenue by Source<br />
Expenditures by Function<br />
Sales Tax 28,952,878 63.23%<br />
Grants 11,288,902 24.66%<br />
Fares 4,836,214 10.56%<br />
Advertising 298,620 0.65%<br />
Interest 296,610 0.65%<br />
Miscellaneous 113,576 0.25%<br />
Total $45,786,800<br />
Vehicle Operations 16,243,875 34.01%<br />
Capital 12,110,682 25.35%<br />
Administration 8,577,150 17.96%<br />
Vehicle Maintenance 8,335,051 17.45%<br />
Non-Vehicle Maintenance 2,023,238 4.24%<br />
Vanpool 478,204 1.00%<br />
Total $47,768,200
<strong>Intercity</strong> <strong>Transit</strong><br />
Authority<br />
Citizens Advisory<br />
Committee<br />
General<br />
Manager<br />
OPERATIONS<br />
Fixed Route<br />
Dial-A-Lift<br />
Vanpool<br />
Village Vans<br />
Customer Service<br />
HUMAN<br />
RESOURCES<br />
Personnel<br />
Recruitment<br />
Safety Committee<br />
MAINTENANCE<br />
Vehicle<br />
Maintenance<br />
Facility<br />
Maintenance<br />
EXECUTIVE<br />
SERVICES<br />
Clerk of the Board<br />
Training<br />
Public Records<br />
FINANCE &<br />
ADMIN<br />
Accounting<br />
Reception<br />
Information<br />
Systems<br />
DEVELOPMENT<br />
Planning<br />
Marketing &<br />
Communications<br />
Procurement<br />
Grants<br />
526 Pattison SE • PO Box 659, Olympia, WA 98507-0659<br />
360.786.8585 • intercitytransit.com
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