Comprehensive Annual Financial Report - Metro Transit

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St. Louis Metro Area Economic Statistics2011StatisticU.S. RankingPopulationSt. Louis Metropolitan Area (including St. Louis City) 2,812,896 18 thSt. Louis City (only) 319,294Trade and IndustryLargest U.S. Inland Port n/a 2 ndLargest U.S. Rail Center n/a 3 rdMost Logistics friendly (of 362 largest metropolitan areas) n/a 2 ndWorld’s 2,000 Largest Public Companies (Forbes magazine) 11 n/aAmerica’s Largest Private Companies (Forbes magazine) 7 n/aFortune 500 (headquarters) 10 n/aLiving Costs (of 20 largest U.S. metropolitan areas)Most Affordability Housing n/a 2 ndLowest Cost of Living n/a 1 stBusiness Cost (of 22 US metros exceeding 2 million population)Lowest cost of doing business (KPMG LLP) n/a 6 th(Source: St. Louis RCGA; U.S Census Bureau)Year in ReviewThe Agency’s 30-year strategic plan, “Moving Transit Forward” was developed to document afiscally responsible, community-driven vision for restoring, enhancing, and expanding the MetroTransit System. Regional support for public transportation was overwhelmingly demonstrated bySt. Louis County voters with passage of a ½ cent sales tax April 6, 2010 to restore prior servicecuts and support future system improvements. St. Louis City had passed a similar tax in 1997contingent on reciprocal tax passage in St. Louis County; therefore, additional tax collections forpublic transportation occurred in St. Louis City as well.In 2011, the Agency began taking the actions outlined in “Moving Transit Forward” designed topromote regional economic development, strengthen Metro Transit as a vital regional asset,provide quality transit access to more people, improve service to low-income, elderly, and disabledresidents, and include projects that are cost-effective. Immediate action outlined in the strategicplan included service restoration, planning of bus rapid transit (BRT) and the next MetroLinkextension. The Agency restored services in a phased approach beginning June 2010 andcontinuing through November 2010. System ridership has increased 5.8 percent over FY 2010.The Agency is pursuing federal grants to study, plan and design BRT and the next MetroLinkextension. Financial stabilization of the system also allows Metro to focus and promote a strongcomprehensive capital program which includes revenue vehicle and equipment replacement,infrastructure maintenance, information technology modernization, transit development, andhealth, safety and security projects. Long-term actions will include future construction andoperation of BRT and the pursuit of federal and state resources to provide future expansionopportunities for MetroLink.With the exception of the Parking Facility, all other Business Enterprises entities have experiencedlower service levels in 2011 as compared to 2009 due to the impact of the recession. (See threeyearstatistical data chart above.) Despite the poor economy, the St. Louis Downtown Airport has59 thx
moved forward with the dedication of its new fire house and emergency management facility inJanuary 2011. The project was funded through a $5 million ARRA grant. The establishment of apermanent home for the fire department is one of the factors which will allow the Downtown Airportto attract larger commercial craft. Since 2008, the fire department had been housed in an emptyhangar; and prior to 2008, the airport relied upon neighboring fire districts to serve their needs.Key management and Board of Commissioner changes occurred in FY2011. These changes mark anew era for the Bi-State Development Agency as focus turns to transit oriented development andregional partnerships that can ultimately strengthen the St. Louis Metropolitan region. In September2010, the Board hired John M. Nations as President and CEO. Mr. Nations, who served as a threetermMayor of Chesterfield, MO, was also a key spokesman and important member of the diversecoalition in St. Louis County which helped pass Prop A. Metro also hired a Vice President ofEconomic Development, John Langa. Michael Buehlhorn, a new commissioner representing thestate of Illinois, has previously served as Executive Director of the Metro East Park and RecreationDistrict, as a member of the Technology Advisor Group for the City Arch River Foundation and, likeMr. Nations, has served as a Mayor of Swansea from 1985 to 2003. He also currently serves as thePresident of the Epilepsy Foundation of Greater Southern Illinois for both the Bellville and MountVernon chapters.Awards and AcknowledgementsMetro and Metro personnel received a number of awards and acknowledgements during FY2011.The following represents the most outstanding recognitions:• President and CEO, John Nations, was honored by the University of Missouri – St. Louis at its20 th Annual Founders dinner with a 2011 Distinguished Alumni award.• Senior Vice President and COO, Ray Friem was recognized by the FTA as the Region VIITransportation Manager of the Year.• Bus Driver Brian Alexander received an award for heroism from the City of East St. Louis. Mr.Alexander was on his bus route when he saw a house on fire, stopped and went to the aid ofthose inside the house. He helped four children and their mother to safety.• Michael Mavrogeorge, St. Louis Downtown Airport Fire Chief, received the “Airport FireRescue Achievement Award” from the American Association of Airport Executives.• Metro received the second place award from the International Association of PublicParticipation for the innovative program used by Metro to create the region’s first 30-year longrange plan, using community partnerships and working with the East-West Gateway Councilof Governments.• For FY 2010, The Government Finance Officers Association of the United States and Canada(GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting for the 15 thconsecutive year in a row to Metro for its comprehensive annual financial report (CAFR). TheCertificate of Achievement is a prestigious national award recognizing conformance with thehighest standards for preparation of state and local government financial reports. A Certificate ofAchievement is valid for a period of one year only.xi
Page 1 and 2: 2011Comprehensive AnnualFinancial R
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Page 5 and 6: October 26, 2011Vincent C. Schoemeh
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for) operating activities $ (343,73
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for) operating activities $ 142,907
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Ticket prices are: All: $62.00"Sund
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707 N. First StreetSt. Louis, MO 63
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Comprehensive Annual Financial Report - Metro Transit

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