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

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Subsidy Introduction Total subsidies in the Fiscal Year 2012 Operating Budget Proposal represent $736.7 million and include the following categories: Federal, State, Local, and Other. Assumptions Federal - The Federal Government's role in providing operating assistance has steadily declined. In Fiscal Year 1980, Federal Subsidy covered 18.8% of SEPTA's operating expenses. For Fiscal Year 2012, the total Federal Subsidy covers only 6.3% of the total budgeted operating expenses. The source of this subsidy is Federal Preventive Maintenance in the amount of $34.7 million, Federal Capital Lease Subsidy in the amount of $27.4 million, and Federal Capital Debt Service Subsidy in the amount of $15.7 million which is made available for the operating budget from SEPTA’s Section 5307 Capital Grant. This funding is only available as a result of foregoing or delaying capital improvements. In Fiscal Year 2012, SEPTA will use Federal Capital Lease and Capital Debt Service dollars in lieu of Section 1514 State Lease Cost/Debt Service Subsidy. This is because the Federal Highway Administration has rejected the Pennsylvania Turnpike Commission’s application to toll Interstate 80. These toll revenues were intended to be a key source of transportation funding under Act 44 of 2007. State - State Operating Subsidy has played an increasingly important role in supporting the Authority's operation. On July 18, 2007, Act 44 of 2007 was signed into law by Governor Rendell. Intended to provide a long term funding solution for public transportation agencies throughout the Commonwealth of Pennsylvania, this legislation created the Pennsylvania Public Transportation Trust Fund which provides SEPTA and public transportation providers throughout the Commonwealth with dedicated annual funding for operating expenses. The Trust Fund is funded by both 4.4% of sales tax receipts in the Commonwealth of Pennsylvania and proceeds from bonds issued by the Pennsylvania Turnpike Commission. Trust Fund allocations are impacted by annual sales tax receipts and a legislated 2.5% annual increase in Trust Fund deposits from the Pennsylvania Turnpike Commission beginning in Fiscal Year 2011, if all required conditions are met. Since the Turnpike Commission’s application to toll Interstate 80 was rejected, the 2.5% annual legislated cost of living increases will not occur. Due to the economic recession, state tax receipts have fallen, further reducing the subsidy funding available from the Trust Fund. SEPTA State Subsidy Funding Concerns - The current economic recession has caused a decline in statewide sales tax revenue, which is a key component to the Trust Fund’s viability. To further exacerbate the funding problem, the Trust Fund’s other key component, the proceeds from Turnpike Commission bonds, remain at constant levels. The Pennsylvania Turnpike Commission was unable to obtain approval to begin tolling Interstate 80, and the Commission will be unable to meet its future financial obligations to the Trust Fund. These facts put growth of the Commonwealth’s operating assistance to transit at significant risk. SEPTA Fiscal Year 2012 Operating Budget 37
Subsidy SEPTA and other state transit agencies are allocated funds as determined by the following formula: State Allocation Formula Allocation Allocation Category Percent Number of Passengers 25% Number of Senior Citizen Passengers 10% Revenue Vehicle Hours 35% Revenue Vehicle Miles 30% Total 100% Operating assistance is provided through Section 1513 of the Trust Fund. In addition, the Commonwealth of Pennsylvania provides state funds for capital lease costs and debt service. SEPTA’s debt service expenses and some lease costs are funded through the Capital Program (Section 1517) of the Pennsylvania Public Transportation Trust Fund. The remaining leases and debt service are funded through Federal Capital Lease Subsidy and Federal Capital Debt Service Subsidy. Lease expenses are budgeted for nominal increases when compared to Fiscal Year 2011. Debt service expenses are budgeted to increase when compared to Fiscal Year 2011 to support financing for the Silverliner V acquisition. SEPTA will utilize available Section 1517 funds prior to utilizing any Federal Capital Lease or Debt Service dollars. Local - The local operating subsidy amount is budgeted at the level of 15% of the operating assistance portion (Section 1513) of the Trust Fund grant. This is the requirement for SEPTA to receive the full amount from this state grant. Section 1517 Debt Service expenses must be matched at a 1:29 ratio. Capital leases under Section 1517 of the Trust Fund require no local match. The local subsidy requirement for each of SEPTA's funded divisions (City Transit, Victory, Frontier, and Regional Rail) is determined by the relative deficits before subsidy in each division as adjusted for Route Guarantee and Debt Service payments. Within each funded division, the percentage of the local subsidy required from each county is shown in the table below: Local Operating Subsidy by County City Regional Transit Victory Frontier Rail Bucks 0.27% 0.00% 37.00% 5.90% Chester 0.00% 2.00% 17.00% 4.30% Delaware 0.00% 86.00% 0.00% 8.80% Montgomery 0.25% 12.00% 46.00% 11.00% Philadelphia 99.48% 0.00% 0.00% 70.00% Total 100.00% 100.00% 100.00% 100.00% SEPTA Fiscal Year 2012 Operating Budget 38
Page 2 and 3: The Government Finance Officers Ass
Page 4 and 5: SEPTA Fiscal Year 2012 Operating Bu
Page 8 and 9: Southeastern Pennsylvania Transport
Page 10 and 11: Introduction and SEPTA Profile SEPT
Page 12 and 13: Introduction and SEPTA Profile Popu
Page 18 and 19: Summary of Assumptions This documen
Page 20 and 21: FINANCIAL PLANNING POLICIES Financi
Page 22 and 23: EXPENDITURE POLICIES Financial and
Page 24 and 25: Financial and Budgetary Policies Ca
Page 26 and 27: Financial and Budgetary Policies Fu
Page 28 and 29: Annual Budget Process Fiscal Year 2
Page 30 and 31: Organizational Structure The Pennsy
Page 32 and 33: Operating and Staff Departments FIN
Page 34 and 35: Fiscal Years 2010 and 2011 Actual a
Page 40 and 41: Financial Projections With the pass
Page 42 and 43: Operating Revenue SEPTA receives re
Page 44 and 45: Operating Revenue $10 Investmentt I
Page 48 and 49: Subsidy In addition, the operating
Page 50 and 51: Fiscal Year 2012 Operating Budget C
Page 52 and 53: Local Subsidies City Regional Total
Page 54 and 55: Expense Assumptions LABOR & BENEFIT
Page 56 and 57: Expense Assumptions SEPTA Fiscal Ye
Page 60 and 61: Allocation By Division - Fiscal Yea
Page 62 and 63: Detail of Expenses - Fiscal Year 20
Page 64 and 65: Headcount Authorization Cause of Ch
Page 66 and 67: Fiscal Year 2012 Headcount Authoriz
Page 68 and 69: Corporate Staff SEPTA Fiscal Year 2
Page 70 and 71: Corporate Staff HEADCOUNT OPERATING
Page 72 and 73: Corporate Staff Improve Customer an
Page 74 and 75: Operations Overview The Operations
Page 76 and 77: Operations HEADCOUNT OPERATING HEAD
Page 78 and 79: Operations SURFACE TRANSPORTATION P
Page 80 and 81: Operations LABOR RELATIONS Principa
Page 82 and 83: Operations Automotive Vehicle Maint
Page 84 and 85: Operations ‣ Achieve and maintain
Page 86 and 87: Audit and Investigative Services Ov
Page 88 and 89: Audit and Investigative Services EX
Page 90 and 91: Business Services Division SEPTA Fi
Page 92 and 93: Business Services Information Techn
Page 94 and 95: Business Services EXPENSES Amounts
Page 96 and 97:
Business Services DIVISIONAL GOALS
Page 98 and 99:
Customer Service and Advocacy Overv
Page 100 and 101:
Customer Service and Advocacy HEADC
Page 102 and 103:
Customer Service and Advocacy Graph
Page 104 and 105:
Engineering, Maintenance and Constr
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Finance and Planning Division SEPTA
Page 114 and 115:
Finance and Planning Accounting Cap
Page 116 and 117:
Finance and Planning EXPENSES Amoun
Page 118 and 119:
REVENUE, RIDERSHIP AND SALES Financ
Page 120 and 121:
Finance and Planning DIVISIONAL GOA
Page 122 and 123:
Human Resources Overview Human Reso
Page 124 and 125:
Human Resources HEADCOUNT OPERATING
Page 126 and 127:
Human Resources Project Management
Page 128 and 129:
Legal Division SEPTA Fiscal Year 20
Page 130 and 131:
Legal HEADCOUNT OPERATING HEADS A B
Page 132 and 133:
Legal DIVISONAL GOALS AND BUSINESS
Page 134 and 135:
Public and Government Affairs Overv
Page 136 and 137:
Public and Government Affairs HEADC
Page 138 and 139:
Public and Government Affairs Feder
Page 140 and 141:
Public and Operational Safety Divis
Page 142 and 143:
Public and Operatio nal Safety Clai
Page 144 and 145:
Public and Operational Safety EXPEN
Page 146 and 147:
Public and Operational Safety DIVIS
Page 148 and 149:
Fringe Benefits Fringe benefits are
Page 150 and 151:
Non-Departmental Expense Amtrak ADA
Page 152 and 153:
Job Access and Reverse Commute Prog
Page 154 and 155:
Operating Goals and Performance Eva
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Improving Our System Capital Improv
Page 166 and 167:
Capital Improvement Program Capital
Page 168 and 169:
Capital Improvement Program Infrast
Page 170 and 171:
Capital Improvement Program Paratra
Page 172 and 173:
Capital Improvement Program System
Page 174 and 175:
Glossary of Acronyms A ADA - The Am
Page 176 and 177:
Glossary of Acronyms P PCC Car - Pr
Page 178 and 179:
Glossary Americans with Disabilitie
Page 180 and 181:
Glossary E Enterprise Funds - Funds
Page 182 and 183:
Glossary L Leases and Rentals - The
Page 184:
Glossary currently consists of thre
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FY 2012 Operating Budget and FY 2013-2017 Financial ... - Septa

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