FY 2012 Operating Budget and FY 2013-2017 Financial ... - Septa

Glossary
E
Enterprise Funds - Funds to account for operations that are financed and operated in a
manner similar to private business enterprises where the intent of the governing body is that the
costs (expenses, including depreciation) of providing goods or services to the general public on
a continuing basis be financed or recovered primarily through user charges.
F
Farebox Revenue - Revenues obtained from passengers and other fare subsidies except the
state reduced fare subsidy program. Also referred to as Passenger Revenue.
Fares - The amount charged to passengers for use of various services.
Fiscal Year - SEPTA’s fiscal year runs from July 1 through June 30.
Fixed Guideway - A mass transportation facility using and occupying a separate right-of-way or
rail for the exclusive use of mass transportation and other high occupancy vehicles; or using a
fixed catenary system useable by other forms of transportation.
Fixed Route Service - Service provided on a repetitive, fixed-schedule basis along a specific
route with vehicles stopping to pick up and deliver passengers to specific locations; each fixedroute
trip serves the same origins and destinations, unlike demand responsive and taxicabs.
Flexible Funds - Federal funds made available by TEA-21 that can be used for various
transportation projects, including both highway and mass transit projects. Allocation of these
funds is at the discretion of regional Metropolitan Planning Organizations (MPOs) and state
governments.
Federal Transit Administration - The FTA is the federal agency which provides financial
assistance to cities and communities to provide mobility to their citizens.
Fringe Benefits - Payments or accruals to others (insurance companies, governments, etc.) on
behalf of an employee and payments or accruals direct to an employee arising from something
other than the performance of a duty. These payments are costs over and above “labor” costs,
but still arising from the employment relationship.
Full-Time Equivalent Position (FTE) - A measurement equal to one staff person working a full
schedule for one year.
Fully Allocated Costs - The distribution of operating expenses to each mode by type of service
and function. Fully allocated costs account for all direct costs plus the assignment of any joint
or shared expenses.
Funding Formula - A specific formula used to determine a subsidy level.
SEPTA Fiscal Year 2012 Operating Budget 171