DRAFT

THREE-YEAR OPERATING BUDGET PROJECTIONSFiscal Fiscal Fiscal FiscalYear Year Year Year2010 2011 2012 2013Operating RevenuesPassenger Fares $ 10,884,620 $ 11,464,980 $ 11,694,280 $ 11,928,166Auxiliary Revenue 184,800 184,800 203,280 223,608Non-Transportation Revenue 202,820 664,880 624,203 508,738Property Tax 29,734,820 26,425,140 25,103,883 25,103,883Local Beach Trolley 600,000 600,000 600,000 600,000State Reimbursement - Fuel Tax 591,980 535,970 535,970 535,970State Grants 3,859,010 3,988,391 4,068,159 4,149,522Federal Grants 8,275,520 8,258,437 8,671,359 9,104,927Pass-Thru Grant 80,000 80,000 80,000 80,000Transfer From Reserves 350,000 2,299,144 4,823,388 6,271,464Total Operating Revenue 54,763,570 54,501,742 56,404,522 58,506,278Operating ExpensesSalaries 24,525,902 24,481,150 25,215,585 25,972,052Fringe Benefits 10,494,758 10,678,962 10,993,995 11,323,815Services 2,907,329 2,618,710 2,723,458 2,832,397Diesel Fuel 5,174,300 5,016,150 5,517,765 6,069,542Supplies 3,265,100 3,178,870 3,306,025 3,438,266Insurance 1,461,460 1,514,200 1,574,768 1,637,759Utilities 826,500 892,560 928,262 965,393Taxes & Licenses 782,260 708,490 708,490 708,490Purchased Transportation 4,870,991 4,980,140 5,099,663 5,222,055Miscellaneous 380,350 432,510 336,510 336,510Total Operating Expense 54,688,950 54,501,742 56,404,522 58,506,278Revenues Over/(Under) Expenses $ 74,620 $ 0 $ 0 $ 0ReservesCash and Receivables Less Payables $ 28,510,429 $ 31,210,130 $ 25,436,905 $ 20,613,517Less:Excess Insurance Coverage (2,000,000) (2,000,000) (2,000,000) (2,000,000)Operating Reserve (13,718,160) (9,083,624) (9,400,754) (9,751,046)Budget Excess/(Deficit) 74,620 (2,299,144) (4,823,388) (6,271,464)ContingenciesAlternatives Analysis (2,000,000) (666,667) 0 0Capital Asset Acquisition (1,290,359) (10,884,806) (9,212,763) (2,591,007)Future Budget Contingency 0 (2,335,392) 0 0Concrete Replacement (9,226,530) (3,940,497) 0 0Transfer to Operations (350,000) 0 0 0(28,510,429) (31,210,130) (25,436,905) (20,613,517)Balance $ 0 $ 0 $ 0 $ 0Tindale-Oliver & Associates, Inc.Pinellas Suncoast Transit AuthoritySeptember 2010 D-2 Transit Development Plan