FY2017 PROPOSED BUDGET

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Washington Metropolitan Area Transit Authority Proposed Fiscal Year 2017 Budget Appendix B A detailed, three-year comparison of total human capital requirements and costs for the operating and capital budgets is also presented below. Human Capital Summary – All Modes FY2015 Approved Budget FY2016 Approved Budget FY2017 Proposed Budget Change from FY2016 to FY2017 POSITIONS 12,905 12,995 13,054 59 PAYROLL $1,045,949,681 $1,084,718,301 $1,090,876,466 $6,158,164 Health Care $197,584,852 $209,985,794 $222,390,830 $12,405,036 Taxes -- FICA $79,539,103 $81,918,916 $84,462,716 $2,543,800 Pension -- Defined Benefit $163,161,750 $163,042,250 $150,555,631 ($12,486,619) Pension -- Defined Contribution $14,955,800 $16,103,500 $12,193,317 ($3,910,183) OPEB Trust Contribution $4,000,000 $11,000,000 $0 ($11,000,000) Life Insurance $1,741,999 $1,650,000 $2,035,931 $385,931 Long Term Disability $649,999 $1,125,000 $1,244,575 $119,575 Taxes -- Unemployment $600,000 $1,150,000 $1,155,081 $5,081 Workers Comp Assessment $2,552,600 $2,552,600 $1,508,576 ($1,044,024) Total Allocated Fringe Benefits $464,786,104 $488,528,060 $475,546,658 -$12,981,402 Unallocated Fringe Benefits and Workers' Compensation $27,186,223 $27,757,813 $26,972,080 ($785,733) TOTAL FRINGE BENEFITS $491,972,326 $516,285,873 $502,518,738 -$13,767,135 Fringe Benefits Annual Budgeting Rates FY2015 Approved Budget FY2016 Approved Budget FY2017 Proposed Budget Change from FY2016 to FY2017 Average Annual Pay $81,050 $83,472 $83,566 $94 Average Full Fringe Cost $38,123 $39,730 $38,495 -$1,234 Full Fringe Rate 47.0% 47.6% 46.1% -1.5% B-3
Washington Metropolitan Area Transit Authority Proposed Fiscal Year 2017 Budget Appendix C Appendix C Budget Process Metro’s annual budget serves as the foundation for its financial planning and control. The General Manager, Chief Financial Officer and staff prepare and submit the budget to the Board of Directors for consideration and approval. The annual budget consists of three components: operating, capital, and reimbursables. It is the responsibility of each department to administer its operations in such a manner to ensure that the use of the funds is consistent with the goals and programs authorized by the Board and that approved spending levels are not exceeded. Metro’s budget planning begins in August of the preceding fiscal year with the development of budget priorities and assumptions for the plan year. The fiscal year begins on July 1; the budget is adopted and implemented by June 30. The Budget Process is consist of six major phases: 1) model preparation and development of key assumptions and drivers; 2) budget formulation (which includes department submissions); 3) budget review/justification; 4) presentation of the proposed budget to the Board, Board discussions, public hearings and outreach; 5) budget adoption by the Board; and 6) budget implementation/amendment (see below figure). Develop Assumptions, Model Prep & Department Submittals August -October Budget Implementation Budget Review/Justification May - July October - November Board Budget Adoption March - April GM/CEO Proposed Budget Presentation December Board Discussions, Public Hearings and Outreach January - February C-1
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S A F E T Y, S E R V I C E A N D F
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For Metrorail, we will continue our
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Jim Corcoran was appointed as a Pri
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Table of Contents Chapter I. Introd
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Washington Metropolitan Area Transi
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A-2 Proposed FY2017 Budget Appendix
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Project Description WMATA FY2017 Ca
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Proposed FY2017 Budget Appendix A P
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WMATA FY2017 Capital Project Summar
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Proposed FY2017 Budget Appendix A P
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Project Description This project re
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FY2017 PROPOSED BUDGET

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