Administrative & Finance Committee Meeting - April 8 ... - Omnitrans

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ITEM #D8DATE: April 8, 2013TO:Committee Chair Alan D. Wapner andMembers of the Administrative and Finance CommitteeTHROUGH: Milo Victoria, CEO/General ManagerFROM:SUBJECT:Maurice Mansion, Treasury ManagerFISCAL YEAR 2013-14 ANNUAL BUDGET – EXECUTIVE SUMMARYFORM MOTIONRecommend to the Board of Directors approval of Omnitrans Fiscal Year 2013-14 AnnualBudget.BACKGROUND AND SUMMARYThe Agency proposes for Fiscal Year 2013-2014 an increase in the Operating Budget of$2,293,385 or 3.31%, and a decrease in the Capital Budget of $1,689,565 or 6.09%. The totalbudget is as follows:Budget FY 2012-13 FY 2013-14 $ Change % ChangeOperating Budget $ 69,272,707 $ 71,566,092 $ 2,293,385 3.31%Capital Budget $ 27,748,732 $ 26,059,167 $(1,689,565) (6.09)%Less Capital Used For OperatingTOTAL BUDGET **Depreciation is not included$ (13,269,422)$ 83,752,017$ (13,229,455)$ 84,395,804$ (39,967) (.30)%$ 643,787 .8%The proposed budget for FY 2013-14 includes an operating budget of approximately $71.6million (excluding depreciation) and a capital budget of approximately $26.1 million. Thecapital budget includes $13.2 million used to pay for operating expenditures. Thus, the totalproposed expenditures for Omnitrans are budgeted at $84,395,804.The prior year FY 2012-13 operating budget was approximately $69.3 million (excludingdepreciation) and a capital budget of approximately $27.8 million. Excluding capital used foroperations, the total budget was $83,752,017. The $643,787 increase or .8% difference betweenthe proposed FY 2013-14 budget and the prior year is principally related to a decrease in capital74
Committee Chair Alan D. Wapner and Members of the Administrative and Finance CommitteeApril 8, 2013--Page 2funding used for revenue vehicles offset by the increase in the operating budget for the sbXimplementation.OPERATING BUDGET:The proposed FY 2013-14 operating budget of $71,566,092 is up $2,293,385 or 3.31% comparedto FY 2012-13. The increase in the FY2013-14 budget is largely contributed to start up of thesbX service. It is anticipated that Omnitrans will have approximately eight months of operatingcosts in FY2014. The operating budget assumes no increases in wages across all pay categoriesand no increase in benefit buckets for the represented units.OPERATINGFY 2012-13AdoptedFY 2013-14Proposed Change % ChangeSalaries and Benefits $ 41,715,416 $ 41,504,738 $ (210,678) (.51)%Services $ 3,113,848 $ 3,091,835 $ (22,013) (.71)%Materials and Supplies $ 9,626,859 $ 9,303,479 $ (323,380) (3.36)%Occupancy $ 2,806,839 $ 3,219,474 $ 412,635 14.70%Casualty and Liability $ 2,500,587 $ 5,160,993 $ 2,660,406 106.39%Taxes $ 60,000 $ 49,282 $ ( 10,718) (17.86)%Purchased Transportation $ 8,896,180 $ 9,123,745 $ 227,565 2.56%Printing and Advertising $ 948,600 $ 909,558 $ (39,042) (4.12)%Miscellaneous $ (903,351) $ (1,213,796) $ (310,445) 34.37%Leases and Rentals $ 507,729 $ 416,782 $ (90,947) (17.91)%TOTAL OPERATING * $ 69,272,707 $ 71,566,092 $ 2,293,385 3.31%* Depreciation is not includedCAPITAL BUDGET:The proposed FY 2013-14 Capital Budget includes funding to make numerous repairs andupgrades to the Agency’s various areas, funding for revenue vehicles, computer equipment andsoftware, preventative maintenance and a decrease in funding for facilities.CAPITALFY 2012-13AdoptedFY 2013-14Proposed Change %ChangeFacilities $ 4,426,467 $ 1,417,000 $ (3,009,467) (67.99)%Revenue Vehicles $ 5,098,500 $ 6,697,506 $ 1,599,006 31.36%Service Vehicles $ 470,000 $ 565,000 $ 95,000 20.21%Computer Equip. /Software $ 2,684,343 $ 3,385,000 $ 700,657 26.10%Shop Equipment $ 0 $ 433,000 $ 433,000 100%Operating/Other $15,069,422 $13,561,661 $ (1,507,761) (10.0)%TOTAL CAPITAL EXPENSES* $ 27,748,732 $ 26,059,167 $ (1,689,565 ) (6.09)%*Depreciation is not included75
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Administrative & Finance Committee Meeting - April 8 ... - Omnitrans

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