FY 2013 Operating and Capital Budget - Metro Transit

Metro Transit System
Transit Improvement Plan
Three Year Financial Summary
(Dollars in thousands)
FY 2013 FY 2014 FY 2015 FY 2016
Budget Projection Change Projection Change Projection Change
Operating revenue:
Passenger revenue $ 50,458 $ 50,963 1.0% $ 52,512 3.0% $ 53,037 1.0%
TMA revenue 1,385 1,427 3.0% 1,469 3.0% 1,514 3.0%
Other 3,636 3,727 2.5% 3,820 2.5% 3,917 2.5%
55,479 56,116 1.1% 57,801 3.0% 58,468 1.2%
Operating expense 249,717 257,209 3.0% 264,925 3.0% 272,873 3.0%
Operating income (loss) (194,238) (201,092) (3.5)% (207,123) (3.0)% (214,404) (3.5)%
Non-operating revenue (expense):
Grants & assistance 207,314 211,138 1.8% 216,370 2.5% 221,323 2.3%
Investment income 301 313 40% 4.0% 326 40% .0% 339 41% 4.1%
Interest on debt (23,041) (20,126) (12.7)% (19,529) (3.0)% (18,893) (3.3)%
Sheltered workshop (1,071) (1,091) 1.9% (1,112) 1.9% (1,133) 1.9%
Other non-operating revenue/expense 40 41 2.5% 43 4.9% 45 4.7%
183,543 190,275 3.7% 196,098 3.1% 201,681 2.8%
Net income (deficit)
before depreciation $ ( 10,695) $ (10,818) (1.1)% $ (11,026) (1.9)% $ (12,724) (15.4)%
Totals may not sum due to rounding.
113