Comprehensive Annual Financial Report - Metro Transit

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Bi-State Development Agency of theMissouri-Illinois Metropolitan DistrictThis part of the Bi-State Development Agency’s comprehensive annual financial report presentsdetailed information as a context for understanding what the information in the financialstatements, note disclosures, and required supplementary information says about Metro and theregion’s overall financial health.The Bi-State Development Agency is made up of the General Agency, Transit System, GatewayArch Tram System, Gateway Arch Parking Facility, Gateway Arch Riverfront Attractions, and St.Louis Downtown Airport. Financial trends, revenue capacity and operating information aresummarized by company. That information can be found between pages 74 - 83. Sales taxhistory, statistical data and fares are included on pages 85 - 95. These pages help the readerassess trends, capacity and operating information for enterprises within the Bi-State umbrella.Debt capacity information can be found on page 84. This information helps the reader assessaffordability of the Agency’s current levels of outstanding debt and the ability to issue additionaldebt in the future. Demographic and economic information are covered from pages 96-99.These schedules help the reader understand how the information in the financial report relatesto the services Metro and other enterprises provides and the activities it performs.Operating DataCombined Schedules ...................................................................................................... 74General Agency .............................................................................................................. 75Gateway Arch Tram System ........................................................................................... 76Gateway Arch Parking Facility ........................................................................................ 77Gateway Arch Riverfront Attractions ............................................................................... 78St. Louis Downtown Airport ............................................................................................. 79Transit ............................................................................................................................. 80Capital Assets ................................................................................................................. 81Capital Assets Statistics by Function .............................................................................. 82Net Assets by Operating Organization ............................................................................ 83Continuing Disclosure RequirementsGateway Arch Parking Facility ........................................................................................ 84Bi-State Transit SystemHistorical Sources and Operating Expenses ....................................................... 85Historical Sources and Uses by Mode................................................................. 86Prop M Sales Tax and Appropriations ................................................................. 87Use of Prop M Sales Tax .................................................................................... 88Ridership and Farebox Recovery ........................................................................ 89Mileage Trends .................................................................................................... 90Personnel Data .................................................................................................... 91Transit Fares ....................................................................................................... 92Gateway Arch Activities and Ticket Prices .......................................................... 93Regional StatisticsRegional Population ........................................................................................................ 96Regional Per Capita Personal Income ............................................................................ 97Regional Unemployment Rate ........................................................................................ 98Regional Top Businesses ............................................................................................... 9973
Bi-State Development Agency of theMissouri-Illinois Metropolitan DistrictCombinedOperating DataLast Ten Fiscal Years2011 2010 2009 2008 2007 2006 2005 2004 2003 2002Operating Revenue $ 64,266,566 $ 62,861,099 $ 65,034,953 $ 63,564,805 $ 61,262,650 $ 57,011,223 $ 52,610,920 $ 47,645,950 $ 47,571,299 $ 45,264,249Operating Expenses beforedepreciation 231,629,038 215,730,487 223,465,022 223,279,686 192,847,467 184,907,414 180,171,392 176,665,815 169,297,612 163,230,908Operating Incomebefore depreciation (167,362,472) (152,869,388) (158,430,069) (159,714,881) (131,584,817) (127,896,191) (127,560,472) (129,019,865) (121,726,313) (117,966,659)Depreciation & Amortization 78,296,734 77,216,621 78,772,634 80,511,757 79,482,148 75,827,253 60,154,410 59,262,404 57,565,408 53,711,315Operating Loss (245,659,206) (230,086,009) (237,202,703) (240,226,638) (211,066,965) (203,723,444) (187,714,882) (188,282,269) (179,291,721) (171,677,974)Non-operating Income (Loss)* 167,451,059 141,943,108 149,235,917 133,588,479 120,028,092 80,740,168 74,392,170 135,416,985 110,911,734 121,968,493Net Loss $ (78,208,147) $ (88,142,901) $ (87,966,786) $ (106,638,159) $ (91,038,873) $ (122,983,276) $ (113,322,712) $ (52,865,284) $ (68,379,987) $ (49,709,481)Total Assets $ 1,420,902,428 $ 1,515,812,366 $ 1,742,467,017 $ 1,799,061,177 $ 1,851,291,747 $ 1,928,553,566 $ 1,899,368,842 $ 1,987,435,846 $ 1,943,148,636 $ 1,498,920,383Capital Assets $ 1,124,557,415 $ 1,167,998,408 $ 1,221,481,994 $ 1,262,784,721 $ 1,205,360,863 $ 736,699,794 $ 775,118,793 $ 799,636,685 $ 824,505,270 $ 963,700,144Capital Assets asPercent of Total Assets 79.1% 77.1% 70.1% 70.2% 65.1% 38.2% 40.8% 40.2% 42.4% 64.3%Restricted Assets $ 208,964,455 $ 278,324,532 $ 455,063,217 $ 448,778,272 $ 456,181,014 $ 497,357,948 $ 524,144,564 $ 724,337,298 $ 853,424,513 $ 468,664,448Restricted Assets asPercent of Total Assets 14.7% 18.4% 26.1% 24.9% 24.6% 25.8% 27.6% 36.4% 43.9% 31.3%Total Debt $ 658,703,234 $ 741,312,463 $ 919,387,664 $ 910,026,424 $ 897,567,063 $ 893,442,078 $ 750,369,483 $ 739,998,096 $ 746,086,185 $ 14,461,330Population St. Louis Metro Not yet available 2,469,761 2,488,718 2,476,450 2,477,945 2,467,633 2,456,263 2,442,410 2,430,288 2,417,075Debt per capita $ 300 $ 369 $ 367 $ 362 $ 362 $ 305 $ 303 $ 307 $ 6*Includes Interest Income and Interest ExpenseSource of data: Audited Financial Statements74
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2011Comprehensive AnnualFinancial R
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Introduction SectionBi-State Develo
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October 26, 2011Vincent C. Schoemeh
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Sources of Local Match Funding for
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Business EnterprisesAll other opera
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Emerson Electric, Express Scripts a
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moved forward with the dedication o
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Executive OfficersJohn M. NationsPr
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Bi-State Development Agency of theM
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Board of CommissionersBi-State Deve
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Page 85 and 86: for) operating activities $ (343,73
Page 91: for) operating activities $ 142,907
Page 113 and 114: Ticket prices are: All: $62.00"Sund
Page 119: 707 N. First StreetSt. Louis, MO 63
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Comprehensive Annual Financial Report - Metro Transit

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