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

Financial Projections Consolidated Budget
FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017
Amounts in thousands ('000) Budget Projection Projection Projection Projection Projection
REVENUE Fare Increase Fare Increase
Passenger Revenue $ 439,707 $ 446,303 $ 489,237 $ 496,575 $ 504,024 $ 552,511
Shared Ride Revenue 20,114 20,315 20,518 20,723 20,931 21,140
Other Income 33,100 33,762 34,437 35,126 35,829 36,545
TOTAL OPERATING REVENUE $ 492,921 $ 500,380 $ 544,192 $ 552,425 $ 560,783 $ 610,196
EXPENSES
Labor $ 524,615 $ 542,977 $ 559,266 $ 576,044 $ 593,325 611,125
Fringe Benefits 337,128 362,049 385,894 413,119 441,900 475,043
Materials and Services 215,910 222,387 229,059 235,931 243,009 252,729
Injuries & Damage Claims 45,731 48,018 50,418 52,939 55,586 43,900
Propulsion Power 37,515 38,640 39,800 40,994 42,223 43,490
Fuel 43,843 46,474 49,262 52,218 55,351 57,565
Other Expenses 24,876 25,622 26,391 27,183 27,998 28,838
TOTAL EXPENSES $ 1,229,618 $ 1,286,167 $ 1,340,090 $ 1,398,427 $ 1,459,392 $ 1,512,689
DEFICIT BEFORE SUBSIDY $ (736,697) $ (785,787) $ (795,898) $ (846,002) $ (898,609) $ (902,493)
OPERATING SUBSIDY
Federal $ 77,782 $ 79,660 $ 80,410 $ 81,162 $ 82,013 $ 82,877
State 573,811 614,796 575,416 568,690 579,253 590,123
Local 81,904 88,131 82,164 81,092 82,627 84,208
Other 3,200 3,200 3,200 3,200 3,200 2,700
TOTAL SUBSIDY $ 736,697 $ 785,787 $ 741,190 $ 734,144 $ 747,093 $ 759,908
SURPLUS/(DEFICIT) $ - $ - $ (54,708) $ (111,858) $ (151,516) $ (142,585)
Accumulated Operating Deficit $ (185,693) $ (185,693) $ (240,401) $ (352,259) $ (503,775) $ (646,360)
SEPTA Fiscal Year 2012 Operating Budget 32