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Home My Public Portal About03 March 5, 2021 State Route 91 Advisory AGENDA State Route 91 Advisory Committee Meeting Page 1 of 5 Committee Members Bob Magee, RCTC, Chairman Gene Hernandez, OCTA, Vice Chairman Brian Berkson, RCTC Kevin Jeffries, RCTC Mark A. Murphy, OCTA Harry S. Sidhu, OCTA Karen Spiegel, RCTC Tim Shaw, OCTA Wes Speake, RCTC Donald P. Wagner, OCTA Orange County Transportation Authority Headquarters Conference Room 07 550 South Main Street Orange, California Friday, March 5, 2021 at 9:00 a.m. Michael Hennessey, OCTA, Alternate Clint Lorimore, RCTC, Alternate Michael Beauchamp, Caltrans Dist. 8, Ex-Officio Ryan Chamberlain, Caltrans Dist.12, Ex-Officio Ray Marquez, SBCTA - Ex-Officio Any person with a disability who requires a modification or accommodation in order to participate in this meeting should contact the Orange County Transportation Authority (OCTA) Clerk of the Board, telephone (714) 560-5676, no less than two (2) business days prior to this meeting to enable OCTA to make reasonable arrangements to assure accessibility to this meeting. Agenda descriptions are intended to give members of the public a general summary of items of business to be transacted or discussed. The posting of the recommended actions does not indicate what action will be taken. The Committee may take any action which it deems to be appropriate on the agenda item and is not limited in any way by the notice of the recommended action. All documents relative to the items referenced in this agenda are available for public inspection OCTA Headquarters, 600 South Main Street, Orange, California. Guidance for Public Access to the Board of Directors/Committee Meeting On March 12, 2020 and March 18, 2020, Governor Gavin Newsom enacted Executive Orders N-25-20 and N-29-20 authorizing a local legislative body to hold public meetings via teleconferencing and make public meetings accessible telephonically or electronically to all members of the public to promote social distancing due to the state and local State of Emergency resulting from the threat of Novel Coronavirus (COVID-19). AGENDA State Route 91 Advisory Committee Meeting Page 2 of 5 Guidance for Public Access to the Board of Directors/Committee Meeting (Continued) In accordance with Executive Order N-29-20, and in order to ensure the safety of the OCTA Board of Directors (Board) and staff and for the purposes of limiting the risk of COVID-19, in-person public participation at public meetings of the OCTA will not be allowed during the time period covered by the above-referenced Executive Orders. Instead, members of the public can listen to AUDIO live streaming of the Board and Committee meetings by clicking the below link: http://www.octa.net/About-OCTA/Who-We-Are/Board-of-Directors/Live-and-Archived-Audio/ Public comments may be submitted for the upcoming Board and Committee meetings by emailing them to ClerkOffice@octa.net. If you wish to comment on a specific agenda Item, please identify the Item number in your email. All public comments that are timely received will be part of the public record and distributed to the Board. Public comments will be made available to the public upon request. In order to ensure that staff has the ability to provide comments to the Board Members in a timely manner, please submit your public comments 30 minutes prior to the start time of the Board and Committee meeting date . Call to Order Roll Call Pledge of Allegiance Committee Vice Chairman Hernandez 1. Public Comments Special Calendar 2. Election of New State Route 91 Advisory Chair 3. Election of New State Route 91 Advisory Committee Vice Chair AGENDA State Route 91 Advisory Committee Meeting Page 3 of 5 Consent Calendar (Items 4 through 7) All items on the Consent Calendar are to be approved in one motion unless a Committee Member or a member of the public requests separate action or discussion on a specific item. 4. Approval of Minutes Approval of the minutes of the State Route 91 Advisory Committee meeting of October 2, 2020. 5. 91 Express Lanes Status Reports Kirk Avila/Michael Blomquist Overview The 91 Express Lanes status reports for the months of September 2020 through January 2021 have been prepared for State Route 91 Advisory Committee review. The reports highlight operational and financial activities for both the Orange County Transportation Authority and Riverside County Transportation Commission segments of the 91 Express Lanes. Recommendation Receive and file the 91 Express Lanes Status Reports for the months of September 2020 through January 2021. 6. Orange County Transportation Authority Fiscal Year 2019-20 91 Express Lanes Fund Financial Statements Kirk Avila Overview Crowe LLP, an independent accounting firm, has completed the annual audit of the Orange County Transportation Authority 91 Express Lanes financial statements for fiscal year 2019- opinion. A copy of the audited financial statements is attached for State Route 91 Advisory Committee review. Recommendation This item is for the Committee to receive and file Fiscal Year 2019-20 Orange County Transportation Authority 91 Express Lanes Fund audited financial statements. AGENDA State Route 91 Advisory Committee Meeting Page 4 of 5 7. Fiscal Year 2019/20 Riverside County Transportation Commission 91 Express Lanes Annual Financial Statements Theresia Trevino Overview the annual audit of the Riverside County Transportation Commission 91 Express Lanes financial statements for Fiscal Year 2019-20 and has A copy of the audited financial statements is attached for the State Route 91 Advisory Committee review. Recommendation This item is for the Committee to receive and file Fiscal Year 2019-20 Riverside County Transportation Commission 91 Express Lanes Fund audited financial statements. Regular Calendar There are no Regular Calendar items scheduled. Discussion Items 8. Coronavirus Impacts to the 91 Express Lanes Kirk Avila/Michael Blomquist Staff from the Orange County Transportation Authority and Riverside County Transportation Commission will be providing an update on the impacts of the novel coronavirus pandemic to 91 Express Lanes operations, traffic volumes, and revenues. 9. 15 Express Lanes Opening Jennifer Crosson Staff from the Riverside County Transportation Commission will be providing an update on the opening of the 15 Express Lanes in Riverside County. 10. General Manager's Report - Orange County Transportation Authority 11. Toll Program Director's Report - Riverside County Transportation Commission AGENDA State Route 91 Advisory Committee Meeting Page 5 of 5 12. Committee Members' Reports 13. Closed Session There are no Closed Session items scheduled. 14. Adjournment The next regularly scheduled meeting of this Committee will be held at 9:00 a.m. on Friday, June 4, 2021 , at the Orange County Transportation Authority Headquarters, Conference Room 07, 550 South Main Street, Orange, California. MINUTES State Route 91 Advisory Committee Meeting October 2, 2020 Page 1 of 4 Committee Members Present Via Teleconference Bob Magee, Chairman Gene Hernandez, Vice Chairman Brian Berkson, RCTC Kevin Jeffries, RCTC Mark A. Murphy, OCTA Tim Shaw, Immediate Past Chairman Harry S. Sidhu, OCTA Karen Spiegel, RCTC Donald P. Wagner, OCTA Wes Speake, RCTC, Alternate Michael Beauchamp, Caltrans District 8, Ex-Officio Ray Marquez, SBCTA, Ex-Officio Committee Members Absent Berwin Hanna, RCTC Ryan Chamberlain, Caltrans District 12, Ex-Officio Staff Present Darrell E. Johnson, OCTA, Chief Executive Officer Kirk Avila, OCTA, General Manager, 91 Express Lanes Martha M. Ochoa, OCTA, Assistant Clerk of the Board Gina Ramirez, OCTA, Deputy Clerk of the Board OCTA and RCTC Staff Via Teleconference Anne Mayer, RCTC, Executive Director Michael Blomquist, RCTC, Toll Program Director Haviva Shane, RCTC, Legal Counsel James M. Donich, OCTA, General Counsel Call to Order The October 2, 2020 regular meeting of the State Route 91 (SR-91) Advisory Committee (Advisory Committee) was called to order by Committee Chairman Magee at 9:02 a.m. Roll Call The Deputy Clerk of the Board conducted an attendance Roll Call and announced there was a quorum of the SR-91 Advisory Committee. Pledge of Allegiance Committee Chairman Magee led in the Pledge of Allegiance. 1. Public Comments No public comments were received. MINUTES State Route 91 Advisory Committee Meeting October 2, 2020 Page 2 of 4 Special Calendar 2. Proposed State Route 91 Advisory Committee Meeting Calendar for 2021 A motion was made by Member Spiegel, seconded by Vice Chairman Hernandez, and following a roll call vote, declared passed 7-0, to approve the proposed 2021 meeting schedule for the State Route 91 Advisory Committee. Members Murphy and Wagner were not present to vote on this item. Consent Calendar (Items 3 and 4) 3. Approval of Minutes A motion was made by Member Shaw, seconded by Vice Chairman Hernandez, and following a roll call vote, declared passed 7-0, to approve the minutes of the State Route 91 Advisory Committee meeting of June 5, 2020. Member Spiegel abstained on this item. Member Murphy was not present to vote on this item. 4. 91 Express Lanes Status Reports A motion was made by Member Shaw, seconded by Vice Chairman Hernandez, and following a roll call vote, declared passed 8-0, to receive and file the 91 Express Lanes Status Reports for the months of April through August 2020. Member Murphy was not present to vote on this item. Regular Calendar There were no Regular Calendar items scheduled. MINUTES State Route 91 Advisory Committee Meeting October 2, 2020 Page 3 of 4 Discussion Items 5. Coronavirus Impacts to the 91 Express Lanes Michael Blomquist, Toll Program Director, Riverside County Transportation Commission (RCTC), and Kirk Avila, General Manager, Orange County Transportation Authority (OCTA), 91 Express Lanes, provided a PowerPoint presentation as follows: Coronavirus (COVID-19) Pandemic: Impacts; Actions Taken to Date; Toll Rates Riverside Commission Transportation Committee (RCTC); Riverside County Traffic Volumes; Riverside County Potential Toll Revenues; Toll Rates Orange County Transportation Authority (OCTA); Orange County Traffic Volumes; Orange County Potential Toll Revenues; Current Conditions Compared to Pre-COVID-19; Capital Projects Continue Despite COVID-19; Moving Forward; Next Steps; and Questions? No action was taken on this information item. 6. 91 Corridor Operations Project Michael Blomquist, Toll Program Director, RCTC provided a PowerPoint presentation as follows: 91 Corridor Operations Project; Project Overview; Background; Project Funding; Project Schedule; and Questions? No action was taken on this information item. MINUTES State Route 91 Advisory Committee Meeting October 2, 2020 Page 4 of 4 7. General Manager's Report - Orange County Transportation Authority Kirk Avila, General Manager, OCTA, 91 Express Lanes, reported on the following: OCTA is currently underway with a Roadside Services procurement. This procurement covers Freeway Service Patrol-type services on the Orange County segment of the 91 Express Lanes whereby they assist stranded motorists with their vehicles. A recommendation will be provided to the OCTA Board for approval by the end of the calendar year. . 8. Toll Program Director's Report - Riverside County Transportation Commission Michael Blomquist, Toll Program Director, RCTC, reported that lower bids than estimated were received on the 91Corridor Operations Project, which results in a savings that both OCTA and RCTC will benefit from. 9. Committee Members' Reports 10. Closed Session There were no Closed Session items scheduled. 11. Adjournment The meeting adjourned at 9:38 a.m. The next regularly scheduled meeting of the SR-91 Advisory Committee will be held at 9:00 a.m. on Friday, March 5, 2021, at the City of Corona, City Hall, 400 South Vicentia Avenue, Council Chambers - First Floor, Corona, California. ATTEST Gina Ramirez Bob Magee OCTA Deputy Clerk of the Board Committee Chairman Orange County Transportation Authority 550 South Main Street / P.O. Box 14184 / Orange / California 92863-1584 / (714) 560-OCTA (6282) Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor / Riverside / CA 92501 / (951) 787-7141 March 5, 2021 To: State Route 91 Advisory Committee From: Kirk Avila, General Manager, OCTA Michael Blomquist, Toll Program Director, RCTC Subject: 91 Express Lanes Status Reports Overview The 91 Express Lanes status reports for the months of September 2020 through January 2021 have been prepared for State Route 91 Advisory Committee review. The reports highlight operational and financial activities for both the Orange County Transportation Authority and Riverside County Transportation Commission segments of the 91 Express Lanes. Recommendation Receive and file the 91 Express Lanes Status Reports for the months of September 2020 through January 2021. Background The joint monthly status reports are prepared to document 91 Express Lanes activities and are provided for State Route 91 Advisory Committee review. Discussion For the months of September 2020 through January 2021, gross potential toll revenues and traffic volumes in the 91 Express Lanes for both the Orange County Transportation Authority (OCTA) and Riverside County Transportation Commission (RCTC) segments decreased as compared to the same period last year. The decreases are attributed to the coronavirus pandemic and the State of California orders for residents to stay-at-home and refrain from non-essential travel. As of the end of January 2021, for the OCTA segment, the 2020-21 fiscal year-to-date traffic volume and gross potential toll revenue decreased by 23.6 percent and 18 percent, respectively. For the RCTC Joint 91 Express Lanes Monthly Status Reports Page 2 segment, a fiscal year-to-date comparison reflects a decrease in traffic volume of 26.5 percent and a decrease of 41.4 percent in gross potential toll revenue. Staff will continue to closely monitor traffic and revenue data and report back to the State Route 91 Advisory Committee regularly. Summary The 91 Express Lanes status reports for the months of September 2020 through January 2021 are provided for review. The report highlights operational and financial activities. Attachments A. 91 Express Lanes Status Report As of September 30, 2020 B. 91 Express Lanes Status Report As of October 31, 2020 C. 91 Express Lanes Status Report As of November 30, 2020 D. 91 Express Lanes Status Report As of December 31, 2020 E. 91 Express Lanes Status Report As of January 31, 2021 Orange County Transportation Authority Riverside County Transportation Commission Status Report September 2020 As of September 30, 2020 ATTACHMENT A 2 Table of Contents Operations Overview OCTA ....................................................................................................... 3 Traffic and Revenue Statistics for OCTA .................................................................................... 3 OCTA Traffic and Revenue Summary ........................................................................................ 5 OCTA Eastbound Peak-Hour Volumes ...................................................................................... 6 OCTA Westbound Peak-Hour Volumes ..................................................................................... 7 OCTA Operational Highlights ..................................................................................................... 8 Financial Highlights OCTA ......................................................................................................... 9 Operations Overview RCTC ......................................................................................................10 Traffic and Revenue Statistics for RCTC ...................................................................................10 RCTC Traffic and Revenue Summary .......................................................................................12 RCTC Peak-Hour Volumes .......................................................................................................13 RCTC Eastbound Peak-Hour Volumes .....................................................................................13 RCTC Westbound Peak-Hour Volumes ....................................................................................15 RCTC Operational Highlights ....................................................................................................17 Financial Highlights RCTC ........................................................................................................18 Joint Agency Trip and Revenue Statistics .................................................................................19 Joint Agency Traffic Statistics ...................................................................................................19 Joint Agency Performance Measures ........................................................................................20 Joint Agency Transponder Distribution ......................................................................................20 Incoming Email Activity .............................................................................................................22 Operational Activity ...................................................................................................................22 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for September 2020 was 1,172,239. This represents a daily average of 39,075 vehicles. This is a 20.7 percent decrease in total traffic volume from the same period last year, which totaled 1,477,581. Potential toll revenue for September was $3,823,078, which represents a decrease of 13.9 percent ntage for September was 21.6 percent percent. The decreases are attributed to the coronavirus (COVID-19) orders for residents to stay-at-home and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the month of September 2020. Current Month-to-Date (MTD) as of September 30, 2020 Trips Sep-20 MTD Actual Sep-19 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 919,568 1,095,487 (16.1%) 3+ Lanes 252,671 382,094 (33.9%) Total Gross Trips 1,172,239 1,477,581 (20.7%) Revenue Full Toll Lanes $3,770,761 $4,373,645 (13.8%) 3+ Lanes $52,317 $66,703 (21.6%) Total Gross Revenue $3,823,078 $4,440,347 (13.9%) Average Revenue per Trip Average Full Toll Lanes $4.10 $3.99 $0.03 Average 3+ Lanes $0.21 $0.17 $0.24 Average Gross Revenue $3.26 $3.01 $0.08 4 The 2021 fiscal year-to-date traffic volume decreased by 25.2 percent and potential toll revenue decreased by 18.2 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.24. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2020 through September 2020. Fiscal Year (FY) 2020-21 Year-to-Date (YTD) as of September 30, 2020 Trips FY 2020-21 YTD Actual FY 2019-20 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 2,650,808 3,332,174 (20.4%) 3+ Lanes 766,024 1,237,000 (38.1%) Total Gross Trips 3,416,832 4,569,174 (25.2%) Revenue Full Toll Lanes $10,920,716 $13,331,495 (18.1%) 3+ Lanes $157,534 $218,945 (28.0%) Total Gross Revenue $11,078,250 $13,550,440 (18.2%) Average Revenue per Trip Average Full Toll Lanes $4.12 $4.00 3.0% Average 3+ Lanes $0.21 $0.18 16.7% Average Gross Revenue $3.24 $2.97 9.1% 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2020-21 on a monthly basis. 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound direction reached or exceeded 90 percent of defined capacity seven times during the month of September 2020. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 68 percent of defined capacity. PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 382 2,850 84% $5.15 373 2,871 84% $6.95 422 2,700 79%$7.35 576 3,075 90% 1500 - 1600 $5.25 522 2,859 84% $7.25 508 2,942 87%$6.25 526 3,253 96%$8.15 659 2,783 82% 1600 - 1700 $5.00 357 2,976 88% $7.00 339 2,802 82% $7.30 421 2,958 87% $7.95 454 2,766 81% 1700 - 1800 $4.90 373 2,706 80% $5.90 393 2,929 86% $7.70 396 2,709 80% $6.55 435 2,514 74% 1800 - 1900 $3.95 328 2,009 59% $3.95 364 2,127 63% $4.35 452 2,323 68% $6.55 517 2,176 64% 1900 - 2000 $3.85 261 1,059 31% $3.85 301 1,288 38% $5.60 336 1,424 42% $6.05 475 1,703 50% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 281 816 24% $5.15 346 2,594 76% $5.15 361 2,799 82% $6.95 413 2,810 83%$7.35 560 3,272 96% 1500 - 1600 $5.50 314 802 24% $5.25 454 2,642 78% $7.25 491 3,014 89%$6.25 518 3,530 104%$8.15 596 2,683 79% 1600 - 1700 $4.85 269 776 23% $5.00 360 2,918 86% $7.00 331 2,865 84% $7.30 431 2,959 87% $7.95 399 2,781 82% 1700 - 1800 $4.80 291 769 23% $4.90 389 2,734 80% $5.90 386 2,875 85% $7.70 380 2,662 78% $6.55 467 2,841 84% 1800 - 1900 $5.50 339 707 21% $3.95 364 2,004 59% $3.95 393 2,138 63% $4.35 400 2,150 63% $6.55 429 1,994 59% 1900 - 2000 $3.85 369 748 22% $3.85 240 1,003 30% $3.85 261 1,156 34% $5.60 305 1,181 35% $6.05 449 1,579 46% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 342 2,454 72% $5.15 351 2,782 82% $5.15 388 2,750 81% $6.95 430 2,824 83%$7.35 516 3,206 94% 1500 - 1600 $5.50 486 2,937 86% $5.25 508 2,825 83% $7.25 511 2,881 85%$6.25 529 3,273 96%$8.15 578 2,669 79% 1600 - 1700 $4.85 371 2,923 86% $5.00 299 2,870 84% $7.00 376 2,894 85% $7.30 392 2,848 84% $7.95 428 2,774 82% 1700 - 1800 $4.80 362 2,581 76% $4.90 390 2,797 82% $5.90 384 2,798 82% $7.70 392 2,547 75% $6.55 475 2,897 85% 1800 - 1900 $5.50 338 1,705 50% $3.95 356 2,048 60% $3.95 422 2,294 67% $4.35 428 2,593 76% $6.55 502 2,279 67% 1900 - 2000 $3.85 255 927 27% $3.85 237 1,010 30% $3.85 325 1,225 36% $5.60 362 1,432 42% $6.05 476 1,812 53% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 364 2,497 73% $5.15 403 2,843 84% $5.15 379 2,750 81% $6.95 435 2,997 88% $7.35 375 2,108 62% 1500 - 1600 $5.50 417 2,850 84% $5.25 512 2,738 81% $7.25 509 2,868 84%$6.25 506 3,250 96%$8.15 648 2,682 79% 1600 - 1700 $4.85 257 1,928 57% $5.00 360 3,021 89% $7.00 374 3,017 89% $7.30 402 2,851 84% $7.95 449 2,760 81% 1700 - 1800 $4.80 387 3,002 88% $4.90 360 2,755 81% $5.90 394 2,656 78% $7.70 379 2,427 71% $6.55 522 2,924 86% 1800 - 1900 $5.50 385 1,938 57% $3.95 416 2,189 64% $3.95 380 2,279 67% $4.35 468 2,613 77% $6.55 561 2,607 77% 1900 - 2000 $3.85 262 948 28% $3.85 249 1,078 32% $3.85 332 1,259 37% $5.60 375 1,493 44% $6.05 504 1,946 57% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 348 2,474 73% $5.15 375 2,858 84% $5.15 420 3,019 89% 1500 - 1600 $5.50 487 3,006 88% $5.25 498 2,622 77% $7.25 518 2,693 79% 1600 - 1700 $4.85 334 2,866 84% $5.00 361 3,082 91% $7.00 326 2,731 80% 1700 - 1800 $4.80 381 2,744 81% $4.90 376 2,813 83% $5.90 394 2,692 79% 1800 - 1900 $5.50 348 1,734 51% $3.95 378 2,285 67% $3.95 453 2,661 78% 1900 - 2000 $3.85 253 988 29% $3.85 294 1,113 33% $3.85 320 1,340 39% 09/30/20 Thursday 10/01/20 Friday 10/02/20Monday 09/28/20 Tuesday 09/29/20 Wednesday 09/23/20 Thursday 09/24/20 Friday 09/25/20Monday 09/21/20 Tuesday 09/22/20 Wednesday Thursday 09/10/20 Friday 09/11/20 Monday 09/14/20 Tuesday 09/15/20 Wednesday 09/16/20 Thursday 09/17/20 Friday 09/18/20 Thursday 09/03/20 Friday 09/04/20 Monday 09/07/20 Tuesday 09/08/20 Wednesday 09/09/20 Monday 08/31/20 Tuesday 09/01/20 Wednesday 09/02/20 7 OCTA WESTBOUND PEAK-HOUR VOLUMES AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 485 1,879 55% $3.05 453 1,648 48% $3.05 455 1,563 46% $3.05 310 1,040 31% 0500 - 0600 $4.95 567 2,216 65% $4.95 543 1,967 58% $4.95 532 1,986 58% $4.70 443 1,845 54% 0600 - 0700 $5.15 296 1,805 53% $5.15 326 1,946 57% $5.15 308 1,829 54% $4.95 238 1,577 46% 0700 - 0800 $5.65 251 1,940 57% $5.65 234 1,841 54% $5.65 267 1,985 58% $5.50 218 1,528 45% 0800 - 0900 $5.15 135 1,624 48% $5.15 143 1,654 49% $5.15 188 1,647 48% $4.95 158 1,244 37% 0900 - 1000 $4.10 120 1,165 34% $4.10 133 1,274 37% $4.10 179 1,597 47% $4.10 186 1,273 37% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 46 98 3% $3.05 455 1,600 47% $3.05 452 1,630 48% $3.05 437 1,480 44% $3.05 362 1,265 37% 0500 - 0600 $4.95 38 104 3% $4.95 549 2,125 63% $4.95 566 2,024 60% $4.95 539 1,993 59% $4.70 480 1,907 56% 0600 - 0700 $5.15 44 117 3% $5.15 277 1,748 51% $5.15 332 1,971 58% $5.15 311 1,888 56% $4.95 318 1,689 50% 0700 - 0800 $5.65 61 177 5% $5.65 276 1,895 56% $5.65 233 1,950 57% $5.65 242 1,863 55% $5.50 236 1,610 47% 0800 - 0900 $5.15 112 368 11% $5.15 163 1,712 50% $5.15 148 1,622 48% $5.15 150 1,505 44% $4.95 146 1,267 37% 0900 - 1000 $4.10 286 753 22% $4.10 159 1,296 38% $4.10 120 1,268 37% $4.10 134 1,225 36% $4.10 136 1,171 34% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 439 1,629 48% $3.05 437 1,509 44% $3.05 456 1,564 46% $3.05 452 1,526 45% $3.05 379 1,172 34% 0500 - 0600 $4.95 530 2,072 61% $4.95 612 2,307 68% $4.95 553 2,103 62% $4.95 561 2,062 61% $4.70 506 1,904 56% 0600 - 0700 $5.15 291 1,855 55% $5.15 288 1,801 53% $5.15 306 1,965 58% $5.15 324 1,890 56% $4.95 296 1,771 52% 0700 - 0800 $5.65 201 1,644 48% $5.65 252 2,064 61% $5.65 260 1,904 56% $5.65 265 1,989 59% $5.50 236 1,683 50% 0800 - 0900 $5.15 134 1,557 46% $5.15 153 1,835 54% $5.15 172 1,708 50% $5.15 165 1,667 49% $4.95 150 1,423 42% 0900 - 1000 $4.10 121 1,045 31% $4.10 120 1,358 40% $4.10 145 1,249 37% $4.10 138 1,278 38% $4.10 178 1,194 35% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 457 1,540 45% $3.05 486 1,558 46% $3.05 419 1,539 45% $3.05 446 1,495 44% $3.05 414 1,390 41% 0500 - 0600 $4.95 547 2,071 61% $4.95 591 2,252 66% $4.95 566 2,059 61% $4.95 546 2,058 61% $4.70 491 1,950 57% 0600 - 0700 $5.15 308 1,829 54% $5.15 288 1,869 55% $5.15 331 1,939 57% $5.15 292 1,852 54% $4.95 310 1,845 54% 0700 - 0800 $5.65 248 1,893 56% $5.65 281 2,003 59% $5.65 267 1,948 57% $5.65 264 1,877 55% $5.50 281 1,841 54% 0800 - 0900 $5.15 164 1,653 49% $5.15 156 1,581 47% $5.15 154 1,614 47% $5.15 168 1,622 48% $4.95 192 1,573 46% 0900 - 1000 $4.10 135 1,198 35% $4.10 131 1,231 36% $4.10 159 1,499 44% $4.10 165 1,289 38% $4.10 232 1,615 48% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 456 1,566 46% $3.05 429 1,560 46% $3.05 483 1,652 49% 0500 - 0600 $4.95 533 2,078 61% $4.95 598 2,206 65% $4.95 527 1,992 59% 0600 - 0700 $5.15 280 1,913 56% $5.15 306 1,828 54% $5.15 338 2,069 61% 0700 - 0800 $5.65 264 1,951 57% $5.65 279 2,025 60% $5.65 254 2,047 60% 0800 - 0900 $5.15 174 1,820 54% $5.15 164 1,822 54% $5.15 198 1,911 56% 0900 - 1000 $4.10 178 1,433 42% $4.10 156 1,416 42% $4.10 171 1,526 45% Monday 09/28/20 Tuesday 09/29/20 Wednesday 09/30/20 Thursday 09/17/20 Friday 09/18/20 09/23/20 Thursday 10/01/20 Friday 10/02/20 Thursday 09/24/20 Friday 09/25/20 09/16/20 Monday 09/21/20 Tuesday 09/22/20 Wednesday Monday 09/14/20 Tuesday 09/15/20 Wednesday 09/09/20 Thursday 09/10/20 Friday 09/11/20Monday 09/07/20 Tuesday 09/08/20 Wednesday 09/02/20 Thursday 09/03/20 Friday 09/04/20Monday 08/31/20 Tuesday 09/01/20 Wednesday 8 OCTA OPERATIONAL HIGHLIGHTS On-Road Operations OCTA customer assistance specialists (CAS) responded to 79 calls during the month of September. Of those calls, 61 were to assist disabled vehicles and 15 calls to remove debris. The CAS provided assistance to three accidents in the Express Lanes with one of those accidents originating in the State Route 91 general purpose lanes. 91 Express Lanes Toll Entrance Gantries Infrastructure Project Update OCTA is contracting with the California Department of Transportation to provide construction and construction management services for the 91 Express Lanes Toll Entrance Gantries Infrastructure Project. This project entails constructing new toll gantries infrastructure at the three entrances of the OCTA 91 Express Lanes. Construction of the gantries is scheduled to begin early 2021 and is expected to be completed in summer 2021. The schedule has been delayed by a few months as a result of preparing the final design/construction package and awaiting the final comments from our project partners. Electronic Toll and Traffic Management System Project Update Kapsch TrafficCom USA, Inc., (Kapsch), the toll lanes system integrator for the 91 Express Lanes, completed the replacement of the Electronic Toll and Traffic Management (ETTM) system at the current toll gantries in October 2019. This new lane system is reading both the new 6C transponder protocol as well as the legacy Title 21 protocol. The next steps of the project includes the replacement of the closed-circuit television cameras along the corridor. The new toll gantries infrastructure, as mentioned above, will house the new ETTM equipment. Once the gantries have been constructed, Kapsch will commence installation. 9 FINANCIAL HIGHLIGHTS OCTA 10 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for September 2020 was 989,722. This represents a daily average of 32,991 vehicles. This is a 23.9 percent decrease in total traffic volume from the same period last year, which totaled 1,300,290. Potential toll revenue for September was $3,486,103, which represents a decrease of 35 percent from percent percent. The decreases are attributed to the COVID-19 pandemic and the rders for residents to self-quarantine and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of September 2020. MTD as of September 30, 2020 11 The 2021 fiscal year-to-date traffic volume decreased by 28.1 percent and potential toll revenue decreased by 39 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.43. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2020 through September 2020. FY 2020-21 YTD as of September 30, 2020 Trips FY 2020-21 YTD Actual Stantec YTD Projected # Variance % Variance FY 2019-20 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 2,278,234 3,100,457 (822,223) (26.5%)2,985,890 (23.7%) 3+ Lanes 610,998 1,005,229 (394,231) (39.2%)1,031,571 (40.8%) Total Gross Trips 2,889,232 4,105,686 (1,216,454) (29.6%)4,017,461 (28.1%) Revenue Full Toll Lanes $9,812,086 $13,068,386 ($3,256,300) (24.9%)$16,129,189 (39.2%) 3+ Lanes $106,007 $0 $106,007 $123,001 (13.8%) Total Gross Revenue $9,918,092 $13,068,386 ($3,150,293) (24.1%)$16,252,190 (39.0%) Average Revenue per Trip Average Full Toll Lanes $4.31 $4.21 $0.10 2.4% $5.40 (20.2%) Average 3+ Lanes $0.17 $0.00 $0.17 $0.12 41.7% Average Gross Revenue $3.43 $3.18 $0.25 7.9% $4.05 (15.3%) 12 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between Full Toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. 13 RCTC PEAK-HOUR VOLUMES In September, peak-hour toll rates were increased for several peak-period hours in response to changes in traffic volume following earlier reductions due to the COVID-19 pandemic. Traffic volumes are being reviewed regularly, and a plan is in place to monitor traffic volumes and adjust toll rates until traffic returns to pre COVID-19 volumes. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 208 1094 1,302 F $7.95 197 1130 1,327 F $9.95 236 1,087 1,323 F $17.95 430 1,403 1,833 F 1500 - 1600 $8.95 243 979 1,222 E $12.95 252 1028 1,280 E $12.95 301 1,121 1,422 F $18.95 512 1,279 1,791 F 1600 - 1700 $6.95 152 1100 1,252 E $6.95 154 1027 1,181 D $7.95 225 1,132 1,357 F $10.95 298 1,122 1,420 F 1700 - 1800 $5.30 184 942 1,126 D $5.30 188 994 1,182 D $5.30 198 1,066 1,264 E $6.95 304 1,041 1,345 F 1800 - 1900 $5.30 144 675 819 C $5.30 161 806 967 C $5.30 220 877 1,097 D $5.30 284 903 1,187 D 1900 - 2000 $2.25 113 338 451 B $2.25 149 438 587 B $2.25 194 574 768 B $2.25 264 730 994 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 135 258 393 A $5.30 184 924 1,108 D $7.95 196 1,195 1,391 F $9.95 220 1,085 1,305 F $17.95 296 1,217 1,513 F 1500 - 1600 $8.95 146 223 369 A $8.95 230 891 1,121 D $12.95 264 1,033 1,297 E $12.95 270 1,154 1,424 F $18.95 317 978 1,295 E 1600 - 1700 $6.95 123 258 381 A $6.95 177 1,048 1,225 E $6.95 157 1,054 1,211 E $7.95 189 1,043 1,232 E $10.95 230 1,145 1,375 F 1700 - 1800 $5.30 132 253 385 A $5.30 166 881 1,047 D $5.30 179 1,001 1,180 D $5.30 196 965 1,161 D $6.95 274 1,062 1,336 F 1800 - 1900 $5.30 151 199 350 A $5.30 155 675 830 C $5.30 171 730 901 C $5.30 175 762 937 C $5.30 230 832 1,062 D 1900 - 2000 $2.25 176 221 397 A $2.25 105 310 415 B $2.25 116 356 472 B $2.25 148 423 571 B $2.25 214 676 890 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 166 920 1,086 D $5.30 190 1,019 1,209 E $7.95 180 1,027 1,207 E $10.95 230 1,001 1,231 E $19.95 319 1,282 1,601 F 1500 - 1600 $8.95 247 944 1,191 D $9.95 248 952 1,200 D $13.95 277 949 1,226 E $13.95 265 1,122 1,387 F $20.95 339 958 1,297 E 1600 - 1700 $6.95 160 981 1,141 D $6.95 161 1,011 1,172 D $6.95 171 1,065 1,236 E $7.95 199 1,109 1,308 F $12.95 215 1,053 1,268 E 1700 - 1800 $5.30 160 856 1,016 D $5.30 173 905 1,078 D $5.30 184 985 1,169 D $5.30 198 1,007 1,205 E $6.95 241 1,059 1,300 E 1800 - 1900 $5.30 134 529 663 B $5.30 150 617 767 B $5.30 216 767 983 C $5.30 202 932 1,134 D $5.30 235 889 1,124 D 1900 - 2000 $2.25 99 265 364 A $2.25 105 306 411 B $2.25 151 433 584 B $2.25 187 574 761 B $2.25 239 756 995 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 201 967 1,168 D $5.30 203 1,050 1,253 E $7.95 203 1,018 1,221 E $10.95 224 1,143 1,367 F $19.95 249 967 1,216 E 1500 - 1600 $8.95 202 1,062 1,264 E $9.95 260 891 1,151 D $13.95 238 966 1,204 E $13.95 247 1,138 1,385 F $20.95 435 1,121 1,556 F 1600 - 1700 $6.95 131 771 902 C $6.95 182 1,043 1,225 E $6.95 171 1,043 1,214 E $7.95 217 1,043 1,260 E $12.95 322 1,258 1,580 F 1700 - 1800 $5.30 192 964 1,156 D $5.30 141 898 1,039 D $5.30 189 927 1,116 D $5.30 190 938 1,128 D $6.95 320 1,238 1,558 F 1800 - 1900 $5.30 170 633 803 C $5.30 169 705 874 C $5.30 156 722 878 C $5.30 229 949 1,178 D $5.30 341 1,031 1,372 F 1900 - 2000 $2.25 106 270 376 A $2.25 115 356 471 B $2.25 142 426 568 B $2.25 181 590 771 B $2.25 270 818 1,088 D PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 172 936 1,108 D $5.30 186 1,048 1,234 E $7.95 220 1,178 1,398 F 1500 - 1600 $8.95 249 970 1,219 E $9.95 251 879 1,130 D $13.95 277 970 1,247 E 1600 - 1700 $6.95 161 980 1,141 D $6.95 180 1,065 1,245 E $6.95 144 1,002 1,146 D 1700 - 1800 $5.30 179 875 1,054 D $5.30 180 989 1,169 D $5.30 210 948 1,158 D 1800 - 1900 $5.30 155 582 737 B $5.30 169 729 898 C $5.30 232 875 1,107 D 1900 - 2000 $2.25 100 283 383 A $2.25 135 377 512 B $2.25 160 481 641 B Wednesday 09/30/20 Thursday 10/01/20 Friday 10/02/20Monday 09/28/20 Tuesday 09/29/20 Thursday 09/24/20 Friday 09/25/20Monday 09/21/20 Tuesday 09/22/20 Wednesday 09/23/20 Wednesday 09/16/20 Thursday 09/17/20 Friday 09/18/20Monday 09/14/20 Tuesday 09/15/20 Monday 09/07/20 Tuesday 09/08/20 Wednesday 09/09/20 Wednesday 09/02/20 Thursday 09/03/20 Friday 09/04/20Monday 08/31/20 Tuesday 09/01/20 Thursday 09/10/20 Friday 09/11/20 14 Eastbound PM Peak - County Line to I-15 South PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 108 739 847 C $5.30 110 734 844 C $5.30 117 722 839 C $5.30 109 509 618 B 1500 - 1600 $5.30 131 714 845 C $5.30 123 762 885 C $5.30 127 811 938 C $5.30 76 204 280 A 1600 - 1700 $2.95 76 763 839 C $2.95 85 813 898 C $2.95 83 812 895 C $2.95 104 518 622 B 1700 - 1800 $2.95 81 681 762 B $2.95 86 721 807 C $2.95 98 680 778 B $2.95 120 500 620 B 1800 - 1900 $2.95 62 523 585 B $2.95 94 562 656 B $2.95 85 614 699 B $2.95 146 516 662 B 1900 - 2000 $2.95 65 271 336 A $2.95 86 323 409 B $2.95 64 348 412 B $2.95 134 493 627 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 74 178 252 A $5.30 94 700 794 B $5.30 104 882 986 C $5.30 124 681 805 C $5.30 141 778 919 C 1500 - 1600 $5.30 79 181 260 A $5.30 108 671 779 B $5.30 104 798 902 C $5.30 109 881 990 C $5.30 141 683 824 C 1600 - 1700 $2.95 66 156 222 A $2.95 81 759 840 C $2.95 89 814 903 C $2.95 84 758 842 C $2.95 105 664 769 B 1700 - 1800 $2.95 76 160 236 A $2.95 86 632 718 B $2.95 98 759 857 C $2.95 95 689 784 B $2.95 103 611 714 B 1800 - 1900 $2.95 76 138 214 A $2.95 75 521 596 B $2.95 91 548 639 B $2.95 101 538 639 B $2.95 118 550 668 B 1900 - 2000 $2.95 91 145 236 A $2.95 62 248 310 A $2.95 70 280 350 A $2.95 63 263 326 A $2.95 123 443 566 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 99 638 737 B $5.30 88 737 825 C $5.30 108 754 862 C $5.30 120 733 853 C $5.30 136 791 927 C 1500 - 1600 $5.30 107 748 855 C $5.30 120 759 879 C $5.30 135 757 892 C $5.30 133 878 1,011 D $5.30 147 655 802 C 1600 - 1700 $2.95 87 798 885 C $2.95 71 814 885 C $2.95 88 787 875 C $2.95 79 794 873 C $2.95 109 680 789 B 1700 - 1800 $2.95 96 625 721 B $2.95 94 672 766 B $2.95 98 715 813 C $2.95 107 667 774 B $2.95 120 667 787 B 1800 - 1900 $2.95 67 419 486 B $2.95 79 496 575 B $2.95 88 581 669 B $2.95 96 703 799 B $2.95 126 585 711 B 1900 - 2000 $2.95 61 243 304 A $2.95 61 273 334 A $2.95 82 293 375 A $2.95 92 376 468 B $2.95 122 434 556 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 98 622 720 B $5.30 112 703 815 C $5.30 102 734 836 C $5.30 120 789 909 C $5.30 106 553 659 B 1500 - 1600 $5.30 106 760 866 C $5.30 125 741 866 C $5.30 118 763 881 C $5.30 125 880 1,005 D $5.30 150 705 855 C 1600 - 1700 $2.95 61 575 636 B $2.95 95 821 916 C $2.95 90 815 905 C $2.95 100 746 846 C $2.95 90 479 569 B 1700 - 1800 $2.95 109 829 938 C $2.95 82 674 756 B $2.95 104 673 777 B $2.95 99 616 715 B $2.95 115 430 545 B 1800 - 1900 $2.95 92 503 595 B $2.95 81 507 588 B $2.95 86 587 673 B $2.95 97 677 774 B $2.95 156 562 718 B 1900 - 2000 $2.95 64 234 298 A $2.95 71 268 339 A $2.95 99 290 389 A $2.95 100 363 463 B $2.95 146 471 617 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 96 611 707 B $5.30 111 733 844 C $5.30 103 760 863 C 1500 - 1600 $5.30 96 785 881 C $5.30 119 685 804 C $5.30 102 639 741 B 1600 - 1700 $2.95 83 752 835 C $2.95 82 833 915 C $2.95 81 781 862 C 1700 - 1800 $2.95 78 651 729 B $2.95 111 687 798 B $2.95 73 673 746 B 1800 - 1900 $2.95 76 425 501 B $2.95 89 590 679 B $2.95 128 662 790 B 1900 - 2000 $2.95 63 264 327 A $2.95 83 272 355 A $2.95 79 344 423 B Thursday 10/01/20 Friday 10/02/20Monday 09/28/20 Tuesday 09/29/20 Wednesday 09/30/20 Wednesday 09/23/20 Thursday 09/24/20 Friday 09/25/20Monday 09/21/20 Tuesday 09/22/20 Thursday 09/17/20 Friday 09/18/20Monday 09/14/20 Tuesday 09/15/20 Wednesday 09/16/20 Wednesday 09/09/20 Thursday 09/10/20 Friday 09/11/20Monday 09/07/20 Tuesday 09/08/20 Monday 08/31/20 Tuesday 09/01/20 Wednesday 09/02/20 Thursday 09/03/20 Friday 09/04/20 15 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $6.95 230 942 1,172 D $6.95 215 789 1,004 D $6.95 197 743 940 C $4.20 138 377 515 B 0500 - 0600 $9.95 344 968 1,312 E $9.95 284 697 981 C $9.95 286 730 1,016 D $6.95 238 801 1,039 D 0600 - 0700 $9.95 143 815 958 C $9.95 189 1046 1,235 E $9.95 162 928 1,090 D $6.95 141 856 997 C 0700 - 0800 $6.95 154 994 1,148 D $6.95 137 986 1,123 D $6.95 173 1,013 1,186 D $5.30 135 768 903 C 0800 - 0900 $6.95 71 745 816 C $6.95 82 702 784 B $6.95 93 720 813 C $4.20 76 590 666 B 0900 - 1000 $6.95 71 435 506 B $6.95 91 487 578 B $6.95 93 534 627 B $4.20 93 498 591 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $6.95 10 32 42 A $6.95 188 701 889 C $6.95 193 759 952 C $6.95 186 684 870 C $4.20 174 449 623 B 0500 - 0600 $9.95 18 24 42 A $9.95 296 910 1,206 E $9.95 287 671 958 C $9.95 308 727 1,035 D $6.95 235 858 1,093 D 0600 - 0700 $9.95 16 58 74 A $9.95 137 755 892 C $9.95 199 993 1,192 D $9.95 188 931 1,119 D $6.95 188 836 1,024 D 0700 - 0800 $6.95 31 68 99 A $6.95 167 1,005 1,172 D $6.95 152 1,067 1,219 E $6.95 162 1,010 1,172 D $5.30 155 793 948 C 0800 - 0900 $6.95 54 156 210 A $6.95 87 745 832 C $6.95 92 679 771 B $6.95 77 697 774 B $4.20 66 533 599 B 0900 - 1000 $6.95 176 277 453 B $6.95 72 474 546 B $6.95 73 558 631 B $6.95 74 494 568 B $4.20 77 483 560 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $6.95 178 682 860 C $6.95 189 616 805 C $6.95 207 703 910 C $6.95 201 678 879 C $4.20 192 388 580 B 0500 - 0600 $9.95 294 823 1,117 D $9.95 365 971 1,336 E $9.95 301 726 1,027 D $9.95 315 791 1,106 D $6.95 260 823 1,083 D 0600 - 0700 $9.95 147 862 1,009 D $9.95 146 791 937 C $9.95 187 1,030 1,217 E $9.95 164 919 1,083 D $6.95 178 889 1,067 D 0700 - 0800 $6.95 114 686 800 B $6.95 176 1,121 1,297 E $6.95 170 1,017 1,187 D $6.95 166 1,015 1,181 D $5.30 162 830 992 C 0800 - 0900 $6.95 84 834 918 C $6.95 72 842 914 C $6.95 90 709 799 B $6.95 91 687 778 B $4.20 81 616 697 B 0900 - 1000 $6.95 61 388 449 B $6.95 49 488 537 B $6.95 87 481 568 B $6.95 86 455 541 B $4.20 77 422 499 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $6.95 192 636 828 C $6.95 208 633 841 C $6.95 184 728 912 C $6.95 202 631 833 C $4.20 180 383 563 B 0500 - 0600 $9.95 305 822 1,127 D $9.95 325 994 1,319 E $9.95 298 701 999 C $9.95 280 748 1,028 D $6.95 262 838 1,100 D 0600 - 0700 $9.95 162 865 1,027 D $9.95 139 812 951 C $9.95 175 945 1,120 D $9.95 158 885 1,043 D $6.95 186 905 1,091 D 0700 - 0800 $6.95 160 1,020 1,180 D $6.95 154 1,020 1,174 D $6.95 168 994 1,162 D $6.95 164 999 1,163 D $5.30 160 947 1,107 D 0800 - 0900 $6.95 86 691 777 B $6.95 79 705 784 B $6.95 99 694 793 B $6.95 92 704 796 B $4.20 99 612 711 B 0900 - 1000 $6.95 77 465 542 B $6.95 65 467 532 B $6.95 88 512 600 B $6.95 82 488 570 B $4.20 105 486 591 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $6.95 198 671 869 C $6.95 190 679 869 C $6.95 223 750 973 C 0500 - 0600 $9.95 292 869 1,161 D $9.95 369 953 1,322 E $9.95 299 699 998 C 0600 - 0700 $9.95 143 971 1,114 D $9.95 145 838 983 C $9.95 207 1,083 1,290 E 0700 - 0800 $6.95 157 1,064 1,221 E $6.95 165 1,086 1,251 E $6.95 162 1,171 1,333 E 0800 - 0900 $6.95 103 839 942 C $6.95 101 822 923 C $6.95 120 905 1,025 D 0900 - 1000 $6.95 86 554 640 B $6.95 64 560 624 B $6.95 92 612 704 B Wednesday 09/30/20 Friday 09/25/20 Thursday 10/01/20 Friday 10/02/20 09/14/20 Tuesday 09/15/20 Monday 09/28/20 Tuesday 09/29/20 Thursday 09/24/20 08/31/20 Tuesday 09/01/20 Thursday Monday 09/21/20 Tuesday 09/22/20 Wednesday 09/23/20 Wednesday 09/16/20 Thursday 09/17/20 Friday 09/18/20Monday 09/10/20 Friday 09/11/20Monday 09/07/20 Tuesday 09/08/20 Wednesday 09/09/20 Wednesday 09/02/20 Thursday 09/03/20 Friday 09/04/20Monday 16 Westbound AM Peak - I-15 North to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 119 447 566 B $5.30 100 380 480 B $5.30 118 374 492 B $2.95 81 305 386 A 0500 - 0600 $6.85 145 781 926 C $6.85 167 734 901 C $6.85 160 749 909 C $5.30 109 635 744 B 0600 - 0700 $6.85 125 840 965 C $6.85 119 827 946 C $6.85 131 812 943 C $5.30 70 646 716 B 0700 - 0800 $6.85 80 773 853 C $6.85 91 731 822 C $6.85 90 743 833 C $2.95 61 593 654 B 0800 - 0900 $5.30 42 611 653 B $5.30 49 644 693 B $5.30 53 656 709 B $2.95 42 486 528 B 0900 - 1000 $5.30 44 450 494 B $5.30 37 446 483 B $5.30 55 491 546 B $2.95 73 439 512 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 21 25 46 A $5.30 94 453 547 B $5.30 100 418 518 B $5.30 111 393 504 B $2.95 85 375 460 B 0500 - 0600 $6.85 15 42 57 A $6.85 152 766 918 C $6.85 156 761 917 C $6.85 141 732 873 C $5.30 125 661 786 B 0600 - 0700 $6.85 13 44 57 A $6.85 107 852 959 C $6.85 135 888 1,023 D $6.85 115 868 983 C $5.30 106 675 781 B 0700 - 0800 $6.85 20 57 77 A $6.85 82 704 786 B $6.85 76 768 844 C $6.85 65 762 827 C $2.95 82 627 709 B 0800 - 0900 $5.30 30 89 119 A $5.30 53 709 762 B $5.30 43 620 663 B $5.30 47 584 631 B $2.95 58 481 539 B 0900 - 1000 $5.30 60 145 205 A $5.30 60 487 547 B $5.30 45 396 441 B $5.30 55 446 501 B $2.95 50 393 443 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 99 433 532 B $5.30 97 404 501 B $5.30 100 406 506 B $5.30 101 380 481 B $2.95 104 346 450 B 0500 - 0600 $6.85 138 726 864 C $6.85 174 790 964 C $6.85 161 786 947 C $6.85 163 755 918 C $5.30 144 649 793 B 0600 - 0700 $6.85 113 856 969 C $6.85 125 877 1,002 D $6.85 138 882 1,020 D $6.85 138 861 999 C $5.30 104 742 846 C 0700 - 0800 $6.85 71 743 814 C $6.85 93 837 930 C $6.85 76 738 814 C $6.85 82 782 864 C $2.95 78 658 736 B 0800 - 0900 $5.30 33 615 648 B $5.30 40 673 713 B $5.30 55 653 708 B $5.30 54 631 685 B $2.95 40 536 576 B 0900 - 1000 $5.30 52 385 437 B $5.30 56 457 513 B $5.30 43 459 502 B $5.30 51 455 506 B $2.95 58 397 455 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 115 412 527 B $5.30 120 371 491 B $5.30 83 419 502 B $5.30 123 364 487 B $2.95 98 323 421 B 0500 - 0600 $6.85 155 751 906 C $6.85 166 816 982 C $6.85 155 837 992 C $6.85 162 781 943 C $5.30 140 640 780 B 0600 - 0700 $6.85 128 838 966 C $6.85 110 916 1,026 D $6.85 143 837 980 C $6.85 106 837 943 C $5.30 108 737 845 C 0700 - 0800 $6.85 92 735 827 C $6.85 88 788 876 C $6.85 105 781 886 C $6.85 102 768 870 C $2.95 102 680 782 B 0800 - 0900 $5.30 47 663 710 B $5.30 44 655 699 B $5.30 55 645 700 B $5.30 64 673 737 B $2.95 56 582 638 B 0900 - 1000 $5.30 52 433 485 B $5.30 43 487 530 B $5.30 56 470 526 B $5.30 56 451 507 B $2.95 74 420 494 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 125 405 530 B $5.30 110 412 522 B $5.30 124 410 534 B 0500 - 0600 $6.85 143 748 891 C $6.85 155 773 928 C $6.85 151 782 933 C 0600 - 0700 $6.85 106 844 950 C $6.85 127 880 1,007 D $6.85 122 918 1,040 D 0700 - 0800 $6.85 99 757 856 C $6.85 95 792 887 C $6.85 100 761 861 C 0800 - 0900 $5.30 42 709 751 B $5.30 53 750 803 C $5.30 43 790 833 C 0900 - 1000 $5.30 57 454 511 B $5.30 54 534 588 B $5.30 52 514 566 B Thursday 10/01/20 Friday 10/02/20Monday 09/28/20 Tuesday 09/29/20 Wednesday 09/30/20 Wednesday 09/23/20 Thursday 09/24/20 Friday 09/25/20Monday 09/21/20 Tuesday 09/22/20 Thursday 09/17/20 Friday 09/18/20Monday 09/14/20 Tuesday 09/15/20 Wednesday 09/16/20 Wednesday 09/09/20 Thursday 09/10/20 Friday 09/11/20Monday 09/07/20 Tuesday 09/08/20 Monday 08/31/20 Tuesday 09/01/20 Wednesday 09/02/20 Thursday 09/03/20 Friday 09/04/20 17 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 95 calls during the month of September. Of those calls, 56 were to assist disabled vehicles, 13 calls to remove debris, and 26 were in response to accidents in the Express Lanes. 18 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 9/30/2020 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 8,893,857.47$ 6,438,600.00$ 2,455,257.47$ 38.1 Fee Revenue 729,733.08 612,625.00 117,108.08 19.1 Total operating revenues 9,623,590.55 7,051,225.00 2,572,365.55 36.5 Operating expenses: Salaries and Benefits 158,305.33 161,325.00 3,019.67 1.9 Legal Services 16,931.96 87,500.00 70,568.04 80.6 Advisory Services 2,469.14 18,750.00 16,280.86 86.8 Audit and Accounting Fees - 9,000.00 9,000.00 100.0 Service Fees (492.50) 2 5,000.00 5,492.50 109.9 Other Professional Services 64,854.44 655,250.00 590,395.56 90.1 Lease Expense 44,926.15 122,550.00 77,623.85 63.3 Operations 285,573.24 746,750.00 461,176.76 61.8 Utilities 1,960.19 20,400.00 18,439.81 90.4 Supplies and Materials 48.48 7,500.00 7,451.52 99.4 Membership and Subscription Fees 6,954.25 7,500.00 545.75 7.3 Office Equipment & Furniture (Non-Capital) - 3,750.00 3,750.00 100.0 Maintenance/Repairs 15,611.55 91,275.00 75,663.45 82.9 Training Seminars and Conferences - 575.00 575.00 100.0 Transportation Expenses - 1,000.00 1,000.00 100.0 Lodging - 875.00 875.00 100.0 Meals - 125.00 125.00 100.0 Other Staff Expenses - 125.00 125.00 100.0 Advertising - 68,750.00 68,750.00 100.0 Program Management 18,812.24 41,525.00 22,712.76 54.7 Program Operations 1,579,996.09 2,158,925.00 578,928.91 26.8 Litigation Settlement - - - N/A Furniture & Equipment - 76,250.00 76,250.00 100.0 Improvements - - - N/A Bad Debt Expense - - - N/A Total operating expenses 2,195,950.56 4,284,700.00 2,088,749.44 48.7 Operating income (loss)7,427,639.99 2,766,525.00 4,661,114.99 168.5 Nonoperating revenues (expenses): Interest Revenue 196,885.81 172,975.00 23,910.81 (13.8) Other Miscellaneous Revenue 4.32 25.00 (20.68) 82.7 Interest Expense (7,391,059.39) (1,779,975.00) (5,611,084.39) 315.2 Total nonoperating revenues (expenses)(7,194,169.26) (1,606,975.00) (5,587,194.26) (347.7) Transfers In - - - N/A Transfers Out - (256,325.00) 256,325.00 (100.0) Net income (loss) 233,470.73$ 903,225.00$ (669,754.27)$ (74.2) 1 Unaudited 2 Negatives are the result of FY20 accruals YTD as of : YTD Variance Actual1 19 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING September 30, 2020 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 565,994 351,958 62% $1,558,367 RCTC 492,726 351,958 71% $1,705,880 I -15 202,720 147,825 73% $668,409 McKinley 290,006 204,133 70% $1,037,472 Eastbound OCTA 606,245 365,413 60% $2,264,711 RCTC 496,996 365,413 74% $1,780,223 I -15 189,193 147,001 78% $478,999 McKinley 307,803 218,412 71% $1,301,224 20 JOINT AGENCY PERFORMANCE MEASURES JOINT AGENCY TRANSPONDER DISTRIBUTION 21 At the end of September 2020, the 91 Express Lanes had 151,250 active customer accounts and 362,194 transponders classified as assigned. Number of Accounts by FY As of September 30, 2020 22 Incoming Email Activity During September, the Anaheim Processing Center received 2,801 emails. Operational Activity Amid concerns about the spread of COVID-19 and following the G help reduce its spread, the 91 Express Lanes Customer Walk-In Center was closed in March and will remain so until further notice. Operational activities in the Anaheim and Corona locations continued to function with a combination of remote workers and core staff located at the facilities. Core essential functions include aiding stranded motorists, providing incident management services, and dispatching emergency vehicles through the traffic operations center. The call center remains open to respond to customer service and violation calls. ATTACHMENT B Orange County Transportation Authority Riverside County Transportation Commission Status Report October 2020 As of October 31, 2020 2 Table of Contents Operations Overview OCTA ....................................................................................................... 3 Traffic and Revenue Statistics for OCTA .................................................................................... 3 OCTA Traffic and Revenue Summary ........................................................................................ 5 OCTA Eastbound Peak-Hour Volumes ...................................................................................... 6 OCTA Westbound Peak-Hour Volumes ..................................................................................... 7 OCTA Operational Highlights ..................................................................................................... 8 Financial Highlights OCTA ......................................................................................................... 9 Operations Overview RCTC ....................................................................................................... 9 Traffic and Revenue Statistics for RCTC ...................................................................................10 RCTC Traffic and Revenue Summary .......................................................................................12 RCTC Peak-Hour Volumes .......................................................................................................13 RCTC Eastbound Peak-Hour Volumes .....................................................................................13 RCTC Westbound Peak-Hour Volumes ....................................................................................15 RCTC Operational Highlights ....................................................................................................17 Financial Highlights RCTC ........................................................................................................18 Joint Agency Trip and Revenue Statistics .................................................................................19 Joint Agency Traffic Statistics ...................................................................................................19 Joint Agency Performance Measures ........................................................................................20 Joint Agency Transponder Distribution ......................................................................................20 Incoming Email Activity .............................................................................................................21 Operational Activity ...................................................................................................................21 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for October 2020 was 1,326,289. This represents a daily average of 42,784 vehicles. This is a 13.2 percent decrease in total traffic volume from the same period last year, which totaled 1,527,291. Potential toll revenue for October was $4,322,649, which represents a decrease of 9.7 percent from 4,789,084. Carpool percentage for October was 20.9 percent as 23.5 percent. The decreases are attributed to the coronavirus (COVID-19) residents to stay-at-home and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of October 2020. Current Month-to-Date (MTD) as of October 31, 2020 Trips Oct-20 MTD Actual Oct-19 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 1,048,523 1,167,703 (10.2%) 3+ Lanes 277,766 359,588 (22.8%) Total Gross Trips 1,326,289 1,527,291 (13.2%) Revenue Full Toll Lanes $4,269,601 $4,718,326 (9.5%) 3+ Lanes $53,048 $70,758 (25.0%) Total Gross Revenue $4,322,649 $4,789,084 (9.7%) Average Revenue per Trip Average Full Toll Lanes $4.07 $4.04 0.7% Average 3+ Lanes $0.19 $0.20 (5.0%) Average Gross Revenue $3.26 $3.14 3.8% 4 The 2021 fiscal year-to-date traffic volume decreased by 22.2 percent and potential toll revenue decreased by 16 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.25. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2020 through October 2020. Fiscal Year (FY) 2020-21 Year-to-Date as of October 31, 2020 Trips FY 2020-21 YTD Actual FY 2019-20 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 3,699,331 4,499,877 (17.8%) 3+ Lanes 1,043,790 1,596,588 (34.6%) Total Gross Trips 4,743,121 6,096,465 (22.2%) Revenue Full Toll Lanes $15,190,317 $18,049,821 (15.8%) 3+ Lanes $210,582 $289,703 (27.3%) Total Gross Revenue $15,400,899 $18,339,524 (16.0%) Average Revenue per Trip Average Full Toll Lanes $4.11 $4.01 2.5% Average 3+ Lanes $0.20 $0.18 11.1% Average Gross Revenue $3.25 $3.01 8.0% 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2020-21 on a monthly basis. 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound direction reached or exceeded 90 percent of defined capacity 14 times during the month of October 2020. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 88 percent of defined capacity. PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $6.95 454 2,935 86% $7.35 486 3,029 89% 1500 - 1600 $6.25 493 3,260 96%$8.15 626 2,705 80% 1600 - 1700 $7.30 414 2,798 82% $7.95 415 2,781 82% 1700 - 1800 $7.20 431 2,939 86% $6.55 460 2,773 82% 1800 - 1900 $4.35 393 2,371 70% $6.55 513 2,428 71% 1900 - 2000 $5.60 373 1,456 43% $6.05 541 1,873 55% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 347 2,548 75% $5.15 316 2,484 73% $5.15 392 2,925 86% $6.95 412 2,883 85%$7.35 525 3,132 92% 1500 - 1600 $5.50 484 2,963 87% $5.25 472 2,761 81% $7.25 528 2,796 82%$6.25 548 3,429 101%$8.15 636 2,758 81% 1600 - 1700 $4.85 344 2,826 83% $5.00 323 2,853 84% $7.00 311 2,764 81% $7.30 381 2,568 76% $7.95 420 2,795 82% 1700 - 1800 $4.80 369 2,796 82% $4.90 369 2,884 85%$5.90 427 3,065 90%$7.20 437 2,950 87% $6.55 461 2,762 81% 1800 - 1900 $5.50 365 1,845 54% $3.95 412 2,385 70% $3.95 430 2,406 71% $4.35 468 2,539 75% $6.55 515 2,499 74% 1900 - 2000 $3.85 260 983 29% $3.85 245 1,046 31% $3.85 345 1,358 40% $5.60 357 1,439 42% $6.05 476 1,817 53% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 368 2,514 74% $5.15 332 2,746 81% $5.15 394 2,908 86% $6.95 449 2,765 81%$7.35 568 3,333 98% 1500 - 1600 $5.50 456 2,869 84% $5.25 505 2,742 81% $7.25 485 2,840 84%$6.25 508 3,206 94%$8.15 622 2,765 81% 1600 - 1700 $4.85 328 2,928 86% $5.00 327 2,827 83% $7.00 293 2,549 75% $7.30 344 2,633 77% $7.95 421 2,870 84% 1700 - 1800 $4.80 365 2,510 74% $4.90 398 2,938 86% $5.90 433 2,962 87% $7.20 441 2,949 87% $6.55 431 2,759 81% 1800 - 1900 $5.50 378 1,817 53% $3.95 394 2,174 64% $3.95 402 2,353 69% $4.35 439 2,579 76% $6.55 269 1,083 32% 1900 - 2000 $3.85 264 968 28% $3.85 289 1,223 36% $3.85 351 1,344 40% $5.60 374 1,521 45% $6.05 691 2,589 76% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 277 1,479 44% $5.15 348 2,817 83% $5.15 332 2,747 81% $6.95 434 2,757 81%$7.35 548 3,337 98% 1500 - 1600 $5.50 517 3,188 94%$5.25 488 2,762 81% $7.25 554 2,960 87%$6.25 495 3,364 99%$8.15 653 2,771 82% 1600 - 1700 $4.85 337 2,826 83% $5.00 309 2,856 84% $7.00 356 2,981 88% $7.30 350 2,654 78% $7.95 440 2,858 84% 1700 - 1800 $4.80 383 2,927 86% $4.90 395 2,930 86% $5.90 427 2,914 86% $7.20 414 2,936 86% $6.55 460 2,852 84% 1800 - 1900 $5.50 351 1,888 56% $3.95 416 2,209 65% $3.95 401 2,303 68% $4.35 424 2,513 74% $6.55 532 2,354 69% 1900 - 2000 $3.85 290 1,082 32% $3.85 291 1,110 33% $3.85 328 1,273 37% $5.60 370 1,440 42% $6.05 454 1,776 52% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 363 2,762 81% $5.15 380 3,009 89%$5.15 368 3,100 91% $6.95 420 3,154 93% $7.35 495 3,261 96% 1500 - 1600 $5.50 495 2,680 79% $5.25 494 2,666 78% $7.25 456 2,659 78%$6.25 523 3,341 98%$8.15 539 2,515 74% 1600 - 1700 $4.85 288 2,437 72% $5.00 295 2,755 81% $7.00 365 2,872 84% $7.30 379 2,537 75% $7.95 396 2,884 85% 1700 - 1800 $4.80 308 2,263 67% $4.90 348 2,899 85% $5.90 362 2,860 84% $7.20 375 2,808 83% $6.55 456 2,746 81% 1800 - 1900 $5.50 404 2,174 64% $3.95 465 2,751 81%$3.95 570 3,149 93%$4.35 483 2,928 86% $6.55 505 2,293 67% 1900 - 2000 $3.85 341 1,539 45% $3.85 258 1,137 33% $3.85 437 2,034 60% $5.60 460 2,066 61% $6.05 483 1,946 57% Thursday 10/01/20 Friday 10/02/20 Monday 10/05/20 Tuesday 10/06/20 Wednesday 10/07/20 Monday 09/28/20 Tuesday 09/29/20 Wednesday 09/30/20 Thursday 10/08/20 Friday 10/09/20 Monday 10/12/20 Tuesday 10/13/20 Wednesday 10/14/20 Thursday 10/15/20 Friday 10/16/20 Monday 10/19/20 Tuesday 10/20/20 Wednesday 10/21/20 Thursday 10/22/20 Friday 10/23/20 Monday 10/26/20 Tuesday 10/27/20 Wednesday 10/28/20 Thursday 10/29/20 Friday 10/30/20 7 OCTA WESTBOUND PEAK-HOUR VOLUMES AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 477 1,592 47% $3.05 366 1,213 36% 0500 - 0600 $4.95 531 2,064 61% $4.70 484 1,946 57% 0600 - 0700 $5.15 315 1,886 55% $4.95 300 1,827 54% 0700 - 0800 $5.65 261 2,033 60% $5.50 249 1,739 51% 0800 - 0900 $5.15 153 1,856 55% $4.95 180 1,482 44% 0900 - 1000 $4.10 156 1,495 44% $4.10 147 1,301 38% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 409 1,566 46% $3.05 453 1,524 45% $3.05 459 1,652 49% $3.05 472 1,651 49% $3.05 364 1,207 36% 0500 - 0600 $4.95 452 2,069 61% $4.95 600 2,253 66% $4.95 566 2,133 63% $4.95 573 2,107 62% $4.70 506 1,946 57% 0600 - 0700 $5.15 319 1,924 57% $5.15 317 1,927 57% $5.15 325 2,033 60% $5.15 329 1,894 56% $4.95 243 1,380 41% 0700 - 0800 $5.65 273 1,898 56% $5.65 278 2,065 61% $5.65 247 1,996 59% $5.65 298 1,956 58% $5.50 191 1,267 37% 0800 - 0900 $5.15 165 1,571 46% $5.15 156 1,711 50% $5.15 158 1,878 55% $5.15 144 1,688 50% $4.95 197 1,385 41% 0900 - 1000 $4.10 122 1,179 35% $4.10 136 1,310 39% $4.10 163 1,573 46% $4.10 152 1,501 44% $4.10 171 1,361 40% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 412 1,437 42% $3.05 441 1,516 45% $3.05 453 1,499 44% $3.05 449 1,488 44% $3.05 372 1,120 33% 0500 - 0600 $4.95 503 2,057 61% $4.95 583 2,242 66% $4.95 575 2,048 60% $4.95 592 2,170 64% $4.70 492 1,950 57% 0600 - 0700 $5.15 298 1,826 54% $5.15 311 1,964 58% $5.15 352 2,161 64% $5.15 388 2,060 61% $4.95 331 1,872 55% 0700 - 0800 $5.65 247 1,825 54% $5.65 259 1,777 52% $5.65 267 2,045 60% $5.65 254 2,005 59% $5.50 280 1,879 55% 0800 - 0900 $5.15 159 1,478 43% $5.15 135 1,652 49% $5.15 180 1,821 54% $5.15 176 1,771 52% $4.95 163 1,525 45% 0900 - 1000 $4.10 136 1,152 34% $4.10 129 1,361 40% $4.10 125 1,264 37% $4.10 162 1,452 43% $4.10 187 1,360 40% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 408 1,522 45% $3.05 443 1,476 43% $3.05 482 1,537 45% $3.05 447 1,535 45% $3.05 334 1,125 33% 0500 - 0600 $4.95 514 2,035 60% $4.95 623 2,265 67% $4.95 574 2,168 64% $4.95 573 2,149 63% $4.70 525 2,015 59% 0600 - 0700 $5.15 297 1,819 54% $5.15 329 1,924 57% $5.15 359 2,111 62% $5.15 354 1,957 58% $4.95 329 1,829 54% 0700 - 0800 $5.65 327 2,063 61% $5.65 263 2,020 59% $5.65 288 1,964 58% $5.65 280 1,986 58% $5.50 248 1,680 49% 0800 - 0900 $5.15 167 1,762 52% $5.15 183 1,820 54% $5.15 160 1,665 49% $5.15 182 1,794 53% $4.95 140 1,337 39% 0900 - 1000 $4.10 135 1,173 35% $4.10 135 1,293 38% $4.10 139 1,346 40% $4.10 148 1,495 44% $4.10 141 1,168 34% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 439 1,499 44% $3.05 458 1,739 51% $3.05 466 1,852 54% $3.05 467 1,775 52% $3.05 351 1,212 36% 0500 - 0600 $4.95 571 2,224 65% $4.95 717 2,933 86% $4.95 654 2,704 80% $4.95 696 2,762 81% $4.70 550 2,336 69% 0600 - 0700 $5.15 298 1,958 58% $5.15 360 2,601 77% $5.15 410 2,747 81% $5.15 401 2,990 88% $4.95 363 2,267 67% 0700 - 0800 $5.65 265 2,105 62% $5.65 275 2,841 84% $5.65 279 2,904 85% $5.65 333 2,855 84% $5.50 290 1,830 54% 0800 - 0900 $5.15 183 2,251 66% $5.15 181 2,329 69% $5.15 201 2,492 73% $5.15 185 2,467 73% $4.95 154 1,454 43% 0900 - 1000 $4.10 159 2,129 63% $4.10 174 2,121 62% $4.10 181 2,119 62% $4.10 175 1,992 59% $4.10 158 1,286 38% Monday 09/28/20 Tuesday 09/29/20 Wednesday 09/30/20 Thursday 10/01/20 Friday 10/02/20 Monday 10/05/20 Tuesday 10/06/20 Wednesday 10/07/20 Thursday 10/08/20 Friday 10/09/20 Monday 10/12/20 Tuesday 10/13/20 Wednesday Monday 10/19/20 Tuesday 10/20/20 Wednesday 10/28/20 Thursday 10/15/20 Friday 10/16/20 10/21/20 Thursday 10/29/20 Friday 10/30/20 Thursday 10/22/20 Friday 10/23/20 10/14/20 Monday 10/26/20 Tuesday 10/27/20 Wednesday 8 OCTA OPERATIONAL HIGHLIGHTS On-Road Operations OCTA customer assistance specialists (CAS) responded to 90 calls during the month of October. Of those calls, 75 were to assist disabled vehicles and ten calls to remove debris. The CAS provided assistance to five accidents in the Express Lanes with four of those accidents originating in the State Route 91 general purpose lanes. 91 Express Lanes Toll Entrance Gantries Infrastructure Project Update OCTA is contracting with the California Department of Transportation to provide construction and construction management services for the 91 Express Lanes Toll Entrance Gantries Infrastructure Project. This project entails constructing new toll gantries infrastructure at the three entrances of the OCTA 91 Express Lanes. Construction of the gantries is scheduled to begin early 2021 and is expected to be completed in summer 2021. As reported in the September 2020 monthly report, the schedule has been delayed by a few months as a result of preparing the final design/construction package and awaiting the final comments from our project partners. Electronic Toll and Traffic Management System Project Update Kapsch TrafficCom USA, Inc., (Kapsch), the toll lanes system integrator for the 91 Express Lanes, completed the replacement of the Electronic Toll and Traffic Management (ETTM) system at the current toll gantries in October 2019. This new lane system is reading both the new 6C transponder protocol, as well as the legacy Title 21 protocol. The next steps of the project include the replacement of the closed-circuit television cameras along the corridor. The new toll gantries infrastructure, as mentioned above, will house the new ETTM equipment. Once the gantries have been constructed, Kapsch will commence installation. 9 FINANCIAL HIGHLIGHTS OCTA Capital Asset Activity During the four months ending October 31, 2020, capital asset activities included $11,453 for the replacement of the air-conditioning units for the eastbound toll plaza. 10 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for October 2020 was 1,102,840. This represents a daily average of 35,575 vehicles. This is a 17.7 percent decrease in total traffic volume from the same period last year, which totaled 1,340,783. Potential toll revenue for October was $3,746,865, which represents a decrease of 41 percent from total of $6,346,763. Carpool percentage for October was 20.2 percent as COVID- self-quarantine and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of October 2020. Current Month-to-Date as of October 31, 2020 Trips OCT-20 MTD Actual Stantec MTD Projected # Variance % Variance OCT-19 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 879,975 1,059,043 (179,068) (16.9%)1,073,571 (18.0%) 3+ Lanes 222,865 320,829 (97,964) (30.5%)267,212 (16.6%) Total Gross Trips 1,102,840 1,379,872 (277,032) (20.1%)1,340,783 (17.7%) Revenue Full Toll Lanes $3,705,484 $4,536,429 ($830,945) (18.3%)$6,320,045 (41.4%) 3+ Lanes $41,381 $0 $41,381 $26,718 54.9% Total Gross Revenue $3,746,865 $4,536,429 ($789,564) (17.4%)$6,346,763 (41.0%) Average Revenue per Trip Average Full Toll Lanes $4.21 $4.28 ($0.07) (1.6%)$5.89 (28.5%) Average 3+ Lanes $0.19 $0.00 $0.19 $0.10 90.0% Average Gross Revenue $3.40 $3.29 $0.11 3.3% $4.73 (28.1%) 11 The 2021 fiscal year-to-date traffic volume decreased by 25.5 percent and potential toll revenue decreased by 39.5 percent, when compared with the same period last year. Year-to-date average revenue per-trip is $3.42. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2020 through October 2020. Fiscal Year 2020-21 Year-to-Date as of October 31, 2020 Trips FY 2020-21 YTD Actual Stantec YTD Projected # Variance % Variance FY 2019-20 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 3,158,209 4,159,500 (1,001,291) (24.1%)4,059,461 (22.2%) 3+ Lanes 833,863 1,326,057 (492,194) (37.1%)1,298,783 (35.8%) Total Gross Trips 3,992,072 5,485,557 (1,493,485) (27.2%)5,358,244 (25.5%) Revenue Full Toll Lanes $13,517,570 $17,604,814 ($4,087,245) (23.2%)$22,449,234 (39.8%) 3+ Lanes $147,388 $0 $147,388 $149,718 (1.6%) Total Gross Revenue $13,664,958 $17,604,814 ($3,939,856) (22.4%)$22,598,953 (39.5%) Average Revenue per Trip Average Full Toll Lanes $4.28 $4.23 $0.05 1.2% $5.53 (22.6%) Average 3+ Lanes $0.18 $0.00 $0.18 $0.12 50.0% Average Gross Revenue $3.42 $3.21 $0.21 6.5% $4.22 (19.0%) 12 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. 13 RCTC PEAK-HOUR VOLUMES In October, peak-hour toll rates were adjusted for several peak-period hours in response to changes in traffic volume. Traffic volumes are being reviewed regularly, and a plan is in place to monitor traffic volumes and adjust toll rates until traffic returns to pre COVID-19 volumes. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $10.95 251 1,117 1,368 F $20.95 298 1,163 1,461 F 1500 - 1600 $13.95 245 1,065 1,310 F $22.95 331 924 1,255 E 1600 - 1700 $7.95 191 1,018 1,209 E $12.95 242 1,129 1,371 F 1700 - 1800 $5.30 221 996 1,217 E $7.95 245 1,081 1,326 F 1800 - 1900 $5.30 187 843 1,030 D $5.30 241 848 1,089 D 1900 - 2000 $2.25 178 560 738 B $2.25 272 707 979 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 188 974 1,162 D $5.30 174 935 1,109 D $7.95 220 1,080 1,300 E $10.95 224 1,093 1,317 F $20.95 352 1,268 1,620 F 1500 - 1600 $8.95 242 1,008 1,250 E $9.95 225 984 1,209 E $13.95 269 871 1,140 D $13.95 256 1,087 1,343 F $22.95 386 1,030 1,416 F 1600 - 1700 $6.95 162 942 1,104 D $6.95 154 1,003 1,157 D $6.95 184 1,035 1,219 E $7.95 186 946 1,132 D $12.95 348 1,233 1,581 F 1700 - 1800 $5.30 183 899 1,082 D $5.30 155 953 1,108 D $5.30 202 1,093 1,295 E $5.30 202 1,055 1,257 E $7.95 283 1,078 1,361 F 1800 - 1900 $4.20 174 586 760 B $4.20 149 805 954 C $5.30 198 907 1,105 D $5.30 220 860 1,080 D $5.30 330 1,152 1,482 F 1900 - 2000 $2.25 126 289 415 B $2.25 97 368 465 B $2.25 154 460 614 B $2.25 178 536 714 B $2.25 244 740 984 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 214 882 1,096 D $5.30 189 1,035 1,224 E $7.95 218 1,087 1,305 F $10.95 222 1,077 1,299 E $20.95 338 1,490 1,828 F 1500 - 1600 $8.95 246 984 1,230 E $9.95 253 915 1,168 D $13.95 243 969 1,212 E $13.95 265 1,057 1,322 F $22.95 425 944 1,369 F 1600 - 1700 $6.95 148 996 1,144 D $6.95 155 1,006 1,161 D $6.95 157 981 1,138 D $7.95 173 985 1,158 D $12.95 309 1,255 1,564 F 1700 - 1800 $5.30 171 873 1,044 D $5.30 169 942 1,111 D $5.30 217 992 1,209 E $5.30 218 1,045 1,263 E $7.95 348 1,293 1,641 F 1800 - 1900 $4.20 144 655 799 B $4.20 176 715 891 C $5.30 165 831 996 C $5.30 211 943 1,154 D $5.30 169 595 764 B 1900 - 2000 $2.25 107 303 410 B $2.25 111 438 549 B $2.25 150 430 580 B $2.25 195 598 793 B $2.25 335 1,030 1,365 F PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 129 727 856 C $5.30 186 1,108 1,294 E $7.95 159 1,035 1,194 D $10.95 246 1,098 1,344 F $20.95 340 1,314 1,654 F 1500 - 1600 $8.95 261 1,107 1,368 F $9.95 234 896 1,130 D $13.95 276 912 1,188 D $13.95 295 1,129 1,424 F $22.95 427 1,031 1,458 F 1600 - 1700 $6.95 185 966 1,151 D $6.95 180 983 1,163 D $6.95 196 1,051 1,247 E $7.95 189 982 1,171 D $12.95 349 1,238 1,587 F 1700 - 1800 $5.30 164 980 1,144 D $5.30 193 963 1,156 D $5.30 199 999 1,198 D $5.30 202 1,082 1,284 E $7.95 272 1,047 1,319 F 1800 - 1900 $4.20 165 656 821 C $4.20 176 702 878 C $5.30 178 790 968 C $5.30 198 924 1,122 D $5.30 280 935 1,215 E 1900 - 2000 $2.25 121 352 473 B $2.25 124 372 496 B $2.25 117 422 539 B $2.25 167 588 755 B $2.25 256 748 1,004 D PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 173 883 1,056 D $5.30 174 945 1,119 D $7.95 174 948 1,122 D $10.95 198 1,000 1,198 D $20.95 276 1,171 1,447 F 1500 - 1600 $8.95 255 734 989 C $9.95 229 751 980 C $13.95 224 725 949 C $13.95 254 1,040 1,294 E $22.95 311 874 1,185 D 1600 - 1700 $6.95 153 805 958 C $6.95 129 988 1,117 D $6.95 183 901 1,084 D $7.95 199 912 1,111 D $12.95 214 1,113 1,327 F 1700 - 1800 $5.30 128 799 927 C $5.30 170 989 1,159 D $5.30 156 901 1,057 D $5.30 190 967 1,157 D $7.95 231 1,052 1,283 E 1800 - 1900 $4.20 185 731 916 C $4.20 176 878 1,054 D $5.30 234 971 1,205 E $5.30 207 957 1,164 D $5.30 235 860 1,095 D 1900 - 2000 $2.25 122 536 658 B $2.25 101 301 402 B $2.25 194 700 894 C $2.25 175 719 894 C $2.25 250 775 1,025 D 10/08/20 Friday 10/09/20Monday 10/05/20 Tuesday 10/06/20 Wednesday 10/07/20 Wednesday 09/30/20 Thursday 10/01/20 Friday 10/02/20Monday 09/28/20 Tuesday 09/29/20 Thursday Monday 10/19/20 Tuesday 10/20/20 Wednesday 10/21/20 Wednesday 10/14/20 Thursday 10/15/20 Friday 10/16/20Monday 10/12/20 Tuesday 10/13/20 Monday 10/26/20 Tuesday 10/27/20 Thursday 10/22/20 Friday 10/23/20 Thursday 10/29/20 Friday 10/30/20Wednesday 10/28/20 14 Eastbound PM Peak - County Line to I-15 South PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 112 813 925 C $5.30 130 803 933 C 1500 - 1600 $5.30 117 882 999 C $5.30 156 706 862 C 1600 - 1700 $5.30 109 740 849 C $2.95 109 677 786 B 1700 - 1800 $5.30 104 750 854 C $2.95 97 629 726 B 1800 - 1900 $2.95 94 606 700 B $2.95 136 629 765 B 1900 - 2000 $2.95 91 370 461 B $2.95 132 452 584 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 91 658 749 B $5.30 79 680 759 B $5.30 118 792 910 C $5.30 107 762 869 C $5.30 113 768 881 C 1500 - 1600 $5.30 110 767 877 C $5.30 113 780 893 C $5.30 131 735 866 C $5.30 130 859 989 C $5.30 148 676 824 C 1600 - 1700 $2.95 83 726 809 C $5.30 65 819 884 C $5.30 82 756 838 C $5.30 92 684 776 B $2.95 88 412 500 B 1700 - 1800 $2.95 79 637 716 B $2.95 89 712 801 C $2.95 114 786 900 C $5.30 118 722 840 C $2.95 131 589 720 B 1800 - 1900 $2.95 90 448 538 B $2.95 89 597 686 B $2.95 123 596 719 B $2.95 102 573 675 B $2.95 94 314 408 B 1900 - 2000 $1.95 61 236 297 A $1.95 58 262 320 A $2.95 101 345 446 B $2.95 97 353 450 B $2.95 134 460 594 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 85 634 719 B $5.30 85 719 804 C $5.30 109 692 801 C $5.30 132 713 845 C $5.30 118 671 789 B 1500 - 1600 $5.30 113 753 866 C $5.30 119 715 834 C $5.30 116 741 857 C $5.30 107 812 919 C $5.30 133 594 727 B 1600 - 1700 $2.95 96 778 874 C $5.30 75 760 835 C $5.30 71 703 774 B $5.30 86 710 796 B $2.95 81 379 460 B 1700 - 1800 $2.95 66 631 697 B $2.95 87 719 806 C $2.95 96 751 847 C $5.30 105 694 799 B $2.95 57 261 318 A 1800 - 1900 $2.95 94 440 534 B $2.95 98 583 681 B $2.95 92 561 653 B $2.95 117 633 750 B $2.95 75 301 376 A 1900 - 2000 $1.95 69 235 304 A $1.95 71 339 410 B $2.95 78 337 415 B $2.95 94 417 511 B $2.95 204 685 889 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 77 419 496 B $5.30 89 744 833 C $5.30 98 704 802 C $5.30 118 718 836 C $5.30 131 851 982 C 1500 - 1600 $5.30 136 901 1,037 D $5.30 123 708 831 C $5.30 130 841 971 C $5.30 131 893 1,024 D $5.30 163 548 711 B 1600 - 1700 $2.95 78 780 858 C $5.30 92 761 853 C $5.30 102 770 872 C $5.30 79 708 787 B $2.95 74 438 512 B 1700 - 1800 $2.95 87 697 784 B $2.95 96 700 796 B $2.95 108 715 823 C $5.30 118 680 798 B $2.95 114 577 691 B 1800 - 1900 $2.95 102 444 546 B $2.95 108 537 645 B $2.95 100 569 669 B $2.95 117 683 800 B $2.95 133 501 634 B 1900 - 2000 $1.95 71 264 335 A $1.95 76 292 368 A $2.95 85 324 409 B $2.95 89 365 454 B $2.95 140 485 625 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 102 630 732 B $5.30 99 638 737 B $5.30 82 661 743 B $5.30 104 687 791 B $5.30 130 833 963 C 1500 - 1600 $5.30 103 589 692 B $5.30 111 570 681 B $5.30 97 569 666 B $5.30 111 773 884 C $5.30 149 612 761 B 1600 - 1700 $2.95 83 598 681 B $5.30 57 615 672 B $5.30 75 602 677 B $5.30 89 637 726 B $2.95 127 746 873 C 1700 - 1800 $2.95 82 492 574 B $2.95 94 649 743 B $2.95 101 625 726 B $5.30 77 697 774 B $2.95 106 679 785 B 1800 - 1900 $2.95 88 523 611 B $2.95 106 592 698 B $2.95 128 688 816 C $2.95 112 694 806 C $2.95 145 571 716 B 1900 - 2000 $1.95 82 352 434 B $1.95 58 256 314 A $2.95 119 477 596 B $2.95 110 452 562 B $2.95 133 461 594 B Thursday 10/01/20 Friday 10/02/20Monday 09/28/20 Tuesday 09/29/20 Wednesday 09/30/20 Monday 10/12/20 Tuesday 10/13/20 Wednesday 10/14/20 Wednesday 10/07/20 Thursday 10/08/20 Friday 10/09/20Monday 10/05/20 Tuesday 10/06/20 Monday 10/19/20 Tuesday 10/20/20 Thursday 10/15/20 Friday 10/16/20 Thursday 10/29/20 Friday 10/30/20Monday 10/26/20 Tuesday 10/27/20 Wednesday 10/28/20 Wednesday 10/21/20 Thursday 10/22/20 Friday 10/23/20 15 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 208 720 928 C $2.25 159 402 561 B 0500 - 0600 $9.95 306 759 1,065 D $6.95 269 841 1,110 D 0600 - 0700 $9.95 168 942 1,110 D $6.95 195 987 1,182 D 0700 - 0800 $6.95 177 1,150 1,327 E $5.30 154 887 1,041 D 0800 - 0900 $5.30 104 927 1,031 D $2.25 103 666 769 B 0900 - 1000 $5.30 86 548 634 B $2.25 98 489 587 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 191 693 884 C $5.30 184 686 870 C $5.30 215 717 932 C $5.30 194 728 922 C $2.25 163 408 571 B 0500 - 0600 $9.95 302 776 1,078 D $9.95 361 968 1,329 E $9.95 317 721 1,038 D $9.95 339 741 1,080 D $6.95 318 812 1,130 D 0600 - 0700 $9.95 171 911 1,082 D $9.95 144 817 961 C $9.95 191 1,025 1,216 E $9.95 197 952 1,149 D $6.95 88 379 467 B 0700 - 0800 $6.95 177 1,069 1,246 E $6.95 187 1,122 1,309 E $6.95 169 1,168 1,337 E $6.95 187 1,198 1,385 F $5.30 56 252 308 A 0800 - 0900 $5.30 87 741 828 C $5.30 97 847 944 C $5.30 109 880 989 C $5.30 85 800 885 C $2.25 83 350 433 B 0900 - 1000 $5.30 72 461 533 B $5.30 62 527 589 B $5.30 89 556 645 B $5.30 99 539 638 B $2.25 63 321 384 A AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 190 629 819 C $5.30 196 645 841 C $5.30 217 664 881 C $5.30 226 719 945 C $2.25 173 395 568 B 0500 - 0600 $9.95 281 802 1,083 D $9.95 358 962 1,320 E $9.95 332 749 1,081 D $9.95 384 886 1,270 E $6.95 251 788 1,039 D 0600 - 0700 $9.95 164 921 1,085 D $9.95 183 927 1,110 D $9.95 209 1,160 1,369 F $9.95 199 1,040 1,239 E $6.95 213 1,079 1,292 E 0700 - 0800 $6.95 147 1,053 1,200 D $6.95 178 1,347 1,525 F $6.95 160 1,225 1,385 F $6.95 159 1,177 1,336 E $5.30 155 983 1,138 D 0800 - 0900 $5.30 83 623 706 B $5.30 98 1,123 1,221 E $5.30 127 887 1,014 D $5.30 102 914 1,016 D $2.25 81 648 729 B 0900 - 1000 $5.30 72 469 541 B $5.30 86 820 906 C $5.30 84 532 616 B $5.30 85 550 635 B $2.25 102 516 618 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 179 665 844 C $5.30 179 644 823 C $5.30 206 652 858 C $5.30 188 691 879 C $2.25 157 373 530 B 0500 - 0600 $9.95 266 738 1,004 D $9.95 361 958 1,319 E $9.95 324 766 1,090 D $9.95 331 733 1,064 D $6.95 305 849 1,154 D 0600 - 0700 $9.95 155 667 822 C $9.95 176 856 1,032 D $9.95 227 1,103 1,330 E $9.95 218 949 1,167 D $6.95 200 983 1,183 D 0700 - 0800 $6.95 217 1,298 1,515 F $6.95 183 1,166 1,349 E $6.95 190 1,105 1,295 E $6.95 191 1,170 1,361 F $5.30 178 886 1,064 D 0800 - 0900 $5.30 92 813 905 C $5.30 119 839 958 C $5.30 85 828 913 C $5.30 103 880 983 C $2.25 85 652 737 B 0900 - 1000 $5.30 92 451 543 B $5.30 71 507 578 B $5.30 73 541 614 B $5.30 78 569 647 B $2.25 92 509 601 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 197 634 831 C $5.30 180 690 870 C $5.30 207 738 945 C $5.30 203 732 935 C $2.25 151 417 568 B 0500 - 0600 $9.95 325 893 1,218 E $9.95 384 965 1,349 E $9.95 352 717 1,069 D $9.95 362 790 1,152 D $6.95 263 882 1,145 D 0600 - 0700 $9.95 174 943 1,117 D $9.95 128 817 945 C $9.95 217 1,104 1,321 E $9.95 205 1,131 1,336 E $6.95 199 1,046 1,245 E 0700 - 0800 $6.95 178 1,111 1,289 E $6.95 134 1,147 1,281 E $6.95 168 1,236 1,404 F $6.95 186 1,252 1,438 F $5.30 158 922 1,080 D 0800 - 0900 $5.30 98 990 1,088 D $5.30 85 817 902 C $5.30 108 910 1,018 D $5.30 93 948 1,041 D $2.25 78 662 740 B 0900 - 1000 $5.30 82 760 842 C $5.30 65 582 647 B $5.30 81 647 728 B $5.30 95 626 721 B $2.25 91 519 610 B 10/08/20 Friday 10/09/20Monday 10/05/20 Tuesday 10/06/20 Wednesday 10/07/20 Wednesday 09/30/20 Thursday 10/01/20 Friday 10/02/20Monday 09/28/20 Tuesday 09/29/20 Thursday Monday 10/19/20 Tuesday 10/20/20 Wednesday 10/21/20 Wednesday 10/14/20 Thursday 10/15/20 Friday 10/16/20Monday 10/12/20 Tuesday 10/13/20 Monday 10/26/20 Tuesday 10/27/20 Thursday 10/22/20 Friday 10/23/20 Thursday 10/29/20 Friday 10/30/20Wednesday 10/28/20 16 Westbound AM Peak - I-15 North to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 128 385 513 B $2.95 109 321 430 B 0500 - 0600 $6.85 135 822 957 C $5.30 146 667 813 C 0600 - 0700 $6.85 122 818 940 C $5.30 99 748 847 C 0700 - 0800 $6.85 82 810 892 C $2.95 81 676 757 B 0800 - 0900 $2.95 45 731 776 B $2.95 52 576 628 B 0900 - 1000 $2.95 67 532 599 B $2.95 50 452 502 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 121 419 540 B $2.95 108 406 514 B $2.95 107 420 527 B $2.95 108 401 509 B $2.95 98 339 437 B 0500 - 0600 $6.85 151 788 939 C $6.85 154 772 926 C $6.85 171 822 993 C $6.85 168 777 945 C $5.30 138 646 784 B 0600 - 0700 $6.85 134 856 990 C $6.85 133 901 1,034 D $6.85 133 914 1,047 D $6.85 125 853 978 C $5.30 111 741 852 C 0700 - 0800 $6.85 89 774 863 C $6.85 95 830 925 C $6.85 93 773 866 C $6.85 108 768 876 C $2.95 98 745 843 C 0800 - 0900 $2.95 46 637 683 B $2.95 49 696 745 B $2.95 52 797 849 C $2.95 46 754 800 B $2.95 74 656 730 B 0900 - 1000 $2.95 38 447 485 B $2.95 47 530 577 B $2.95 63 536 599 B $2.95 51 576 627 B $2.95 73 556 629 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 93 380 473 B $2.95 105 393 498 B $2.95 110 336 446 B $2.95 121 365 486 B $2.95 103 276 379 A 0500 - 0600 $6.85 151 759 910 C $6.85 158 810 968 C $6.85 182 800 982 C $6.85 194 776 970 C $5.30 133 707 840 C 0600 - 0700 $6.85 121 817 938 C $6.85 135 887 1,022 D $6.85 123 919 1,042 D $6.85 140 885 1,025 D $5.30 101 739 840 C 0700 - 0800 $6.85 88 740 828 C $6.85 97 862 959 C $6.85 85 844 929 C $6.85 80 837 917 C $2.95 89 764 853 C 0800 - 0900 $2.95 39 622 661 B $2.95 61 867 928 C $2.95 53 793 846 C $2.95 53 736 789 B $2.95 49 627 676 B 0900 - 1000 $2.95 59 446 505 B $2.95 61 574 635 B $2.95 59 488 547 B $2.95 74 539 613 B $2.95 44 440 484 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 108 424 532 B $2.95 116 364 480 B $2.95 134 356 490 B $2.95 123 381 504 B $2.95 89 316 405 B 0500 - 0600 $6.85 155 785 940 C $6.85 175 765 940 C $6.85 177 803 980 C $6.85 161 816 977 C $5.30 142 673 815 C 0600 - 0700 $6.85 120 915 1,035 D $6.85 126 912 1,038 D $6.85 126 953 1,079 D $6.85 141 907 1,048 D $5.30 125 704 829 C 0700 - 0800 $6.85 115 778 893 C $6.85 98 855 953 C $6.85 93 805 898 C $6.85 101 800 901 C $2.95 81 703 784 B 0800 - 0900 $2.95 41 811 852 C $2.95 74 788 862 C $2.95 55 752 807 C $2.95 52 730 782 B $2.95 42 580 622 B 0900 - 1000 $2.95 57 456 513 B $2.95 48 517 565 B $2.95 54 525 579 B $2.95 58 506 564 B $2.95 49 425 474 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 113 378 491 B $2.95 112 375 487 B $2.95 103 390 493 B $2.95 110 349 459 B $2.95 81 338 419 B 0500 - 0600 $6.85 172 793 965 C $6.85 184 765 949 C $6.85 165 805 970 C $6.85 189 779 968 C $5.30 129 717 846 C 0600 - 0700 $6.85 124 925 1,049 D $6.85 124 893 1,017 D $6.85 135 872 1,007 D $6.85 121 961 1,082 D $5.30 103 818 921 C 0700 - 0800 $6.85 111 824 935 C $6.85 75 778 853 C $6.85 77 827 904 C $6.85 90 813 903 C $2.95 88 644 732 B 0800 - 0900 $2.95 49 780 829 C $2.95 45 692 737 B $2.95 59 772 831 C $2.95 40 714 754 B $2.95 49 601 650 B 0900 - 1000 $2.95 40 521 561 B $2.95 52 530 582 B $2.95 61 519 580 B $2.95 53 541 594 B $2.95 43 463 506 B Thursday 10/01/20 Friday 10/02/20Monday 09/28/20 Tuesday 09/29/20 Wednesday 09/30/20 Monday 10/12/20 Tuesday 10/13/20 Wednesday 10/14/20 Wednesday 10/07/20 Thursday 10/08/20 Friday 10/09/20Monday 10/05/20 Tuesday 10/06/20 Monday 10/19/20 Tuesday 10/20/20 Thursday 10/15/20 Friday 10/16/20 Thursday 10/29/20 Friday 10/30/20Monday 10/26/20 Tuesday 10/27/20 Wednesday 10/28/20 Wednesday 10/21/20 Thursday 10/22/20 Friday 10/23/20 17 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 80 calls during the month of October. Of those calls, 62 were to assist disabled vehicles, seven calls to remove debris, and 11 were in response to accidents in the Express Lanes. 18 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 10/31/2020 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 12,313,743.98$ 8,584,800.00$ 3,728,943.98$ 43.4 Fee Revenue 1,425,690.09 816,833.33 608,856.76 74.5 Total operating revenues 13,739,434.07 9,401,633.33 4,337,800.74 46.1 Operating expenses: Salaries and Benefits 202,891.46 225,166.67 22,275.21 9.9 Legal Services 29,709.65 116,666.67 86,957.02 74.5 Advisory Services 22,334.40 25,000.00 2,665.60 10.7 Audit and Accounting Fees - 12,000.00 12,000.00 100.0 Service Fees (492.50) 2 6,666.67 7,159.17 107.4 Other Professional Services 120,136.79 873,666.67 753,529.88 86.2 Lease Expense 104,280.45 163,400.00 59,119.55 36.2 Operations 334,365.17 995,666.67 661,301.50 66.4 Utilities 3,774.60 27,200.00 23,425.40 86.1 Supplies and Materials 669.15 10,000.00 9,330.85 93.3 Membership and Subscription Fees 21,327.25 10,000.00 (11,327.25) (113.3) Office Equipment & Furniture (Non-Capital) - 5,000.00 5,000.00 100.0 Maintenance/Repairs 26,360.70 121,700.00 95,339.30 78.3 Training Seminars and Conferences - 766.67 766.67 100.0 Transportation Expenses - 1,333.33 1,333.33 100.0 Lodging - 1,166.67 1,166.67 100.0 Meals - 166.67 166.67 100.0 Other Staff Expenses - 166.67 166.67 100.0 Advertising - 91,666.67 91,666.67 100.0 Program Management 26,636.60 55,366.67 28,730.07 51.9 Program Operations 1,985,086.75 2,878,566.67 893,479.92 31.0 Litigation Settlement - - - N/A Furniture & Equipment - 101,666.67 101,666.67 100.0 Improvements - - - N/A Bad Debt Expense 0.89 - (0.89) N/A Total operating expenses 2,877,081.36 5,723,000.00 2,845,918.64 49.7 Operating income (loss)10,862,352.71 3,678,633.33 7,183,719.38 195.3 Nonoperating revenues (expenses): Interest Revenue 196,885.81 230,633.33 (33,747.52) 14.6 Other Miscellaneous Revenue 8.07 33.33 (25.26) 75.8 Interest Expense (7,391,059.39) (2,373,300.00) (5,017,759.39) 211.4 Total nonoperating revenues (expenses)(7,194,165.51) (2,142,633.33) (5,051,532.18) (235.8) Transfers In - - - N/A Transfers Out (236,100.00) (341,766.67) 105,666.67 (30.9) Net income (loss) 3,432,087.20$ 1,194,233.33$ 2,237,853.87$ 187.4 1 Unaudited 2 Negatives are the result of FY20 accruals YTD as of : YTD Variance Actual1 19 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING October 31, 2020 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 640,994 403,234 63% $1,777,035 RCTC 552,659 403,234 73% $1,748,560 I -15 226,612 168,536 74% $667,588 McKinley 326,047 234,698 72% $1,080,972 Eastbound OCTA 685,295 413,553 60% $2,545,615 RCTC 550,181 413,553 75% $1,998,305 I -15 208,413 165,315 79% $548,722 McKinley 341,768 248,238 73% $1,449,584 20 JOINT AGENCY PERFORMANCE MEASURES JOINT AGENCY TRANSPONDER DISTRIBUTION Oct-20 Performance CUSTOMER SERVICE Call Wait Time Monthly Not to exceed 2 minutes 0:59 Abandon Rate Monthly No more than 4.0% 1.0% Customer Satisfaction Monthly At least 75 outbound calls 75 VIOLATION PROCESSING Response Time Monthly Within 2 business days of receipt 0.5 CUSA Violation Collection Rate Quarterly 70% or more CUSA Violation Collection Rate Annually 74% or more -5% TRAFFIC OPERATIONS Initial & Secondary Review s Monthly Equal to or less than 15 days 1.1 * Plate Misread Errors Monthly Equal to or less than 0.4% 0.01% CAS Response Time Monthly 0:20 (minutes) per call 0:09 ACCOUNTING Monthly No more than 3 0 Monthly No more than 3 0 INFORMATION TECHNOLOGY Back-office System Uptime Monthly 99% Availability 100% Netw ork Uptime Monthly 99% Availability 100% CUSA = Cofiroute USA; CAS = OCTA Customer Assistance Specialists REPORTING REQUIREMENT Reporting P eriod PERFORMANCE STANDARD OCTA Exceptions RCTC Exceptions * Plate Misread Error performance is current after a 60-day hold-back period; therefore, percentage reported here is for 2 months prior to the month of this report. Tags % of Total Tags % of Total Issued To New Accounts 626 96.3% 865 96.6% 702 96.2% Additional Tags to Existing Accounts 8 1.2% 18 2.0% 17 2.3% Replacement Transponders 16 2.5% 12 1.3% 11 1.5% Total Issued 650 895 729 Returned Account Closures 4 0.2% 28 1.0% 9 0.4% Accounts Dow nsizing 3 0.1% 0 0.0% Defective Transponders 1,965 99.8% 2,831 98.9% 2,461 99.6% Total Returned 1,969 2,862 2,469 FY 2020-21T21 TRANSPONDER DISTRIBUTION October-20 September-20 Average To-Date Tags % of Total Tags % of Total Issued To New Accounts 20,992 99.8% 21,312 99.8% 12,777 99.8% Additional Tags to Existing Accounts 39 0.2% 33 0.2% 19 0.1% Replacement Transponders 0 0.0% 3 0.0% 4 0.0% Total Issued 21,031 21,348 12,799 Returned Account Closures Accounts Dow nsizing Defective Transponders Total Returned 6C TRANSPONDER DISTRIBUTION October-20 September-20 FY 2020-21 Average To-Date 21 At the end of October 2020, the 91 Express Lanes had 151,650 active customer accounts and 377,286 transponders classified as assigned. Number of Accounts by FY As of October 31, 2020 Incoming Email Activity During October, the Anaheim Processing Center received 3,255 emails. Incoming emails increased by 16 percent from the prior month due to the extensive outreach program for the conversion of existing customer accounts and distribution of the 6C transponders. Operational Activity Amid concerns about the spread of COVID-19 and following the G help reduce its spread, the 91 Express Lanes Customer Walk-In Center was closed in March and will remain so until further notice. Operational activities in the Anaheim and Corona locations continued to function with a combination of remote workers and core staff located at the facilities. Core essential functions include aiding stranded motorists, providing incident management services, and dispatching emergency vehicles through the traffic operations center. The call center remains open to respond to customer service and violation calls. Orange County Transportation Authority Riverside County Transportation Commission Status Report November 2020 As of November 30, 2020 ATTACHMENT C 2 Table of Contents Operations Overview OCTA ....................................................................................................... 3 Traffic and Revenue Statistics for OCTA .................................................................................... 3 OCTA Traffic and Revenue Summary ........................................................................................ 5 OCTA Eastbound Peak-Hour Volumes ...................................................................................... 6 OCTA Westbound Peak-Hour Volumes ..................................................................................... 7 OCTA Operational Highlights ..................................................................................................... 8 Financial Highlights OCTA ......................................................................................................... 9 Operations Overview RCTC ....................................................................................................... 9 Traffic and Revenue Statistics for RCTC ...................................................................................10 RCTC Traffic and Revenue Summary .......................................................................................12 RCTC Peak-Hour Volumes .......................................................................................................13 RCTC Eastbound Peak-Hour Volumes .....................................................................................13 RCTC Westbound Peak-Hour Volumes ....................................................................................15 RCTC Operational Highlights ....................................................................................................17 Financial Highlights RCTC ........................................................................................................18 Joint Agency Trip and Revenue Statistics .................................................................................19 Joint Agency Traffic Statistics ...................................................................................................19 Joint Agency Performance Measures ........................................................................................20 Joint Agency Transponder Distribution ......................................................................................20 Incoming Email Activity .............................................................................................................21 Operational Activity ...................................................................................................................21 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for November 2020 was 1,131,383. This represents a daily average of 37,713 vehicles. This is a 21.2 percent decrease in total traffic volume from the same period last year, which totaled 1,435,020. Potential toll revenue for November was $3,662,099, which represents a decrease of 16.5 percent attributed to the coronavirus (COVID- orders for residents to stay at home and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of November 2020. Current Month-to-Date (MTD) as of November 30, 2020 Trips Nov-20 MTD Actual Nov-19 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 880,050 1,066,864 (17.5%) 3+ Lanes 251,333 368,156 (31.7%) Total Gross Trips 1,131,383 1,435,020 (21.2%) Revenue Full Toll Lanes $3,619,797 $4,328,417 (16.4%) 3+ Lanes $42,301 $56,691 (25.4%) Total Gross Revenue $3,662,099 $4,385,107 (16.5%) Average Revenue per Trip Average Full Toll Lanes $4.11 $4.06 1.2% Average 3+ Lanes $0.17 $0.15 13.3% Average Gross Revenue $3.24 $3.06 5.9% 4 The 2021 fiscal year-to-date traffic volume decreased by 22 percent and potential toll revenue decreased by 16.1 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.25. Fiscal year-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2020 through November 2020. Fiscal Year (FY) 2020-21 Year-to-Date as of November 30, 2020 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2020-21 on a monthly basis. 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound direction reached or exceeded 90 percent of defined capacity ten times during the month of November 2020. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 76 percent of defined capacity. 7 OCTA WESTBOUND PEAK-HOUR VOLUMES 8 OCTA OPERATIONAL HIGHLIGHTS On-Road Operations OCTA customer assistance specialists (CAS) responded to 88 calls during the month of November. Of those calls, 59 were to assist disabled vehicles and 20 calls to remove debris. The CAS provided assistance to nine accidents in the Express Lanes with two of those accidents originating in the State Route 91 general purpose lanes. 91 Express Lanes Toll Entrance Gantries Infrastructure Project Update OCTA is contracting with the California Department of Transportation to provide construction and construction management services for the 91 Express Lanes Toll Entrance Gantries Infrastructure Project. This project entails constructing new toll gantries infrastructure at the three entrances of the OCTA 91 Express Lanes. Construction of the gantries is scheduled to begin early 2021 and is expected to be completed in summer 2021. As reported in the September 2020 monthly report, the schedule has been delayed by a few months as a result of preparing the final design/construction package and awaiting the final comments from our project partners. Electronic Toll and Traffic Management System Project Update Kapsch TrafficCom USA, Inc., (Kapsch), the toll lanes system integrator for the 91 Express Lanes, completed the replacement of the Electronic Toll and Traffic Management (ETTM) system at the current toll gantries in October 2019. This new lane system is reading both the new 6C transponder protocol, as well as the legacy Title 21 protocol. The next steps of the project include the replacement of the closed-circuit television cameras along the corridor. The new toll gantries infrastructure, as mentioned above, will house the new ETTM equipment. Once the gantries have been constructed, Kapsch will commence installation. 9 FINANCIAL HIGHLIGHTS OCTA Capital Asset Activity During the five months ending November 30, 2020, capital asset activities included $11,453 for the replacement of the air-conditioning units for the eastbound toll plaza. 10 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for November 2020 was 967,266. This represents a daily average of 32,242 vehicles. This is a 23.5 percent decrease in total traffic volume from the same period last year, which totaled 1,264,601. Potential toll revenue for November was $3,164,962, which represents a decrease of 40.6 percent total of $5,330,279. Carpool percentage for November was 3.7 percent. The decreases are attributed to the COVID-19 pandemic and the Governor self-quarantine and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of November 2020. Current Month-to-Date as of November 30, 2020 Trips NOV-20 MTD Actual Stantec MTD Projected # Variance % Variance Nov-19 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 763,738 979,000 (215,262) (22.0%)964,400 (20.8%) 3+ Lanes 203,528 321,614 (118,086) (36.7%)300,201 (32.2%) Total Gross Trips 967,266 1,300,614 (333,348) (25.6%)1,264,601 (23.5%) Revenue Full Toll Lanes $3,133,295 $4,194,014 ($1,060,719) (25.3%)$5,301,867 (40.9%) 3+ Lanes $31,667 $0 $31,667 $28,411 11.5% Total Gross Revenue $3,164,962 $4,194,014 ($1,029,052) (24.5%)$5,330,279 (40.6%) Average Revenue per Trip Average Full Toll Lanes $4.10 $4.28 ($0.18) (4.2%)$5.50 (25.5%) Average 3+ Lanes $0.16 $0.00 $0.16 $0.09 77.8% Average Gross Revenue $3.27 $3.22 $0.05 1.6% $4.21 (22.3%) 11 The 2021 fiscal year-to-date traffic volume decreased by 25.1 percent and potential toll revenue decreased by 39.7 percent, when compared with the same period last year. Year-to-date average revenue per-trip is $3.39. Fiscal year-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2020 through November 2020. FY 2020-21 Year-to-Date as of November 30, 2020 Trips FY 2020-21 YTD Actual Stantec YTD Projected # Variance % Variance FY 2019-20 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 3,921,947 5,138,500 (1,216,553) (23.7%)5,023,861 (21.9%) 3+ Lanes 1,037,391 1,647,671 (610,280) (37.0%)1,598,984 (35.1%) Total Gross Trips 4,959,338 6,786,171 (1,826,833) (26.9%)6,622,845 (25.1%) Revenue Full Toll Lanes $16,650,865 $21,798,829 ($5,147,964) (23.6%)$27,751,102 (40.0%) 3+ Lanes $179,055 $0 $179,055 $178,130 0.5% Total Gross Revenue $16,829,920 $21,798,829 ($4,968,909) (22.8%)$27,929,232 (39.7%) Average Revenue per Trip Average Full Toll Lanes $4.25 $4.24 $0.01 0.2% $5.52 (23.0%) Average 3+ Lanes $0.17 $0.00 $0.17 $0.11 54.5% Average Gross Revenue $3.39 $3.21 $0.18 5.6% $4.22 (19.7%) 12 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. 13 RCTC PEAK-HOUR VOLUMES In November, peak-hour toll rates were adjusted for several peak-period hours in response to changes in traffic volume. Traffic volumes are being reviewed regularly, and a plan is in place to monitor traffic volumes and adjust toll rates until traffic returns to pre-COVID-19 volumes. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 207 967 1,174 D $5.30 202 1116 1,318 F $7.95 196 1037 1,233 E $10.95 208 986 1,194 D $20.95 336 1,290 1,626 F 1500 - 1600 $8.95 242 930 1,172 D $9.95 259 892 1,151 D $13.95 265 949 1,214 E $13.95 295 1,037 1,332 F $22.95 369 992 1,361 F 1600 - 1700 $6.95 192 986 1,178 D $6.95 180 1009 1,189 D $6.95 206 1057 1,263 E $7.95 191 986 1,177 D $12.95 268 1,077 1,345 F 1700 - 1800 $5.30 211 906 1,117 D $5.30 218 914 1,132 D $5.30 227 839 1,066 D $5.30 250 1,034 1,284 E $7.95 340 1,137 1,477 F 1800 - 1900 $4.20 194 624 818 C $4.20 195 615 810 C $5.30 251 665 916 C $5.30 202 847 1,049 D $5.30 288 912 1,200 D 1900 - 2000 $2.25 78 245 323 A $2.25 96 260 356 A $2.25 112 305 417 B $2.25 144 421 565 B $2.25 225 671 896 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 164 959 1,123 D $5.30 187 1,011 1,198 D $7.95 204 948 1,152 D $10.95 226 1,087 1,313 F $20.95 329 1,206 1,535 F 1500 - 1600 $8.95 228 1,029 1,257 E $9.95 259 927 1,186 D $13.95 257 874 1,131 D $13.95 280 1,108 1,388 F $22.95 367 917 1,284 E 1600 - 1700 $6.95 160 977 1,137 D $6.95 175 1,072 1,247 E $6.95 166 879 1,045 D $7.95 170 908 1,078 D $12.95 237 1,015 1,252 E 1700 - 1800 $5.30 207 892 1,099 D $5.30 207 969 1,176 D $5.30 173 815 988 C $5.30 185 972 1,157 D $7.95 217 937 1,154 D 1800 - 1900 $4.20 195 669 864 C $4.20 185 796 981 C $5.30 184 662 846 C $5.30 193 885 1,078 D $5.30 227 845 1,072 D 1900 - 2000 $2.25 96 278 374 A $2.25 136 479 615 B $2.25 150 337 487 B $2.25 117 470 587 B $2.25 194 635 829 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 185 940 1,125 D $5.30 195 985 1,180 D $7.95 184 1,066 1,250 E $10.95 173 786 959 C $20.95 341 1,178 1,519 F 1500 - 1600 $8.95 245 953 1,198 D $9.95 258 947 1,205 E $13.95 244 989 1,233 E $13.95 263 1,044 1,307 F $22.95 341 976 1,317 F 1600 - 1700 $6.95 163 962 1,125 D $6.95 158 975 1,133 D $6.95 158 1,033 1,191 D $7.95 154 843 997 C $12.95 199 1,036 1,235 E 1700 - 1800 $5.30 183 892 1,075 D $5.30 197 992 1,189 D $5.30 192 894 1,086 D $5.30 261 1,344 1,605 F $7.95 199 870 1,069 D 1800 - 1900 $4.20 178 635 813 C $4.20 180 780 960 C $5.30 183 762 945 C $5.30 253 1,172 1,425 F $5.30 240 851 1,091 D 1900 - 2000 $2.25 87 362 449 B $2.25 123 350 473 B $2.25 118 448 566 B $2.25 103 439 542 B $2.25 179 693 872 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 239 996 1,235 E $5.30 281 1,114 1,395 F $15.95 340 1,187 1,527 F $4.20 237 380 617 B $2.25 182 473 655 B 1500 - 1600 $8.95 242 995 1,237 E $9.95 269 925 1,194 D $9.95 263 970 1,233 E $4.20 187 320 507 B $2.25 165 456 621 B 1600 - 1700 $6.95 175 973 1,148 D $6.95 216 1,025 1,241 E $6.95 279 1,069 1,348 F $4.20 160 318 478 B $2.25 156 375 531 B 1700 - 1800 $5.30 206 908 1,114 D $5.30 200 992 1,192 D $5.30 226 894 1,120 D $4.20 167 311 478 B $2.25 119 350 469 B 1800 - 1900 $4.20 206 680 886 C $4.20 267 960 1,227 E $2.25 193 713 906 C $2.25 167 272 439 B $2.25 141 228 369 A 1900 - 2000 $2.25 141 359 500 B $2.25 173 544 717 B $2.25 189 615 804 C $4.20 137 188 325 A $1.55 108 173 281 A PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 151 858 1,009 D 1500 - 1600 $8.95 217 978 1,195 D 1600 - 1700 $6.95 154 980 1,134 D 1700 - 1800 $5.30 163 831 994 C 1800 - 1900 $4.20 173 695 868 C 1900 - 2000 $2.25 91 234 325 A Wednesday 12/02/20 Friday 11/27/20 Thursday 12/03/20 Friday 12/04/20 11/16/20 Tuesday 11/17/20 Monday 11/30/20 Tuesday 12/01/20 Thursday 11/26/20 11/02/20 Tuesday 11/03/20 Thursday Monday 11/23/20 Tuesday 11/24/20 Wednesday 11/25/20 Wednesday 11/18/20 Thursday 11/19/20 Friday 11/20/20Monday 11/12/20 Friday 11/13/20Monday 11/09/20 Tuesday 11/10/20 Wednesday 11/11/20 Wednesday 11/04/20 Thursday 11/05/20 Friday 11/06/20Monday 14 Eastbound PM Peak - County Line to I-15 South PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 124 660 784 B $5.30 106 799 905 C $5.30 114 802 916 C $5.30 103 648 751 B $5.30 133 781 914 C 1500 - 1600 $5.30 123 718 841 C $5.30 126 735 861 C $5.30 132 711 843 C $5.30 131 884 1,015 D $5.30 159 634 793 B 1600 - 1700 $2.95 106 762 868 C $5.30 91 789 880 C $5.30 102 757 859 C $5.30 93 643 736 B $2.95 112 615 727 B 1700 - 1800 $2.95 106 675 781 B $2.95 92 662 754 B $2.95 117 704 821 C $5.30 110 686 796 B $2.95 111 476 587 B 1800 - 1900 $2.95 119 483 602 B $2.95 108 439 547 B $2.95 129 519 648 B $2.95 163 788 951 C $2.95 148 572 720 B 1900 - 2000 $1.95 63 195 258 A $1.95 55 196 251 A $2.95 82 236 318 A $2.95 78 333 411 B $2.95 131 421 552 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 102 624 726 B $5.30 108 746 854 C $5.30 124 685 809 C $5.30 129 736 865 C $5.30 144 892 1,036 D 1500 - 1600 $5.30 124 799 923 C $5.30 117 753 870 C $5.30 158 632 790 B $5.30 124 910 1,034 D $5.30 154 522 676 B 1600 - 1700 $2.95 75 780 855 C $5.30 99 772 871 C $5.30 113 593 706 B $5.30 93 728 821 C $2.95 89 667 756 B 1700 - 1800 $2.95 115 676 791 B $2.95 113 714 827 C $2.95 91 585 676 B $5.30 106 708 814 C $2.95 125 602 727 B 1800 - 1900 $2.95 114 433 547 B $2.95 121 575 696 B $2.95 107 467 574 B $2.95 96 623 719 B $2.95 141 573 714 B 1900 - 2000 $1.95 66 248 314 A $1.95 85 360 445 B $2.95 81 228 309 A $2.95 68 343 411 B $2.95 96 411 507 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 100 677 777 B $5.30 130 750 880 C $5.30 91 707 798 B $5.30 124 660 784 B $5.30 160 856 1,016 D 1500 - 1600 $5.30 110 738 848 C $5.30 140 725 865 C $5.30 105 773 878 C $5.30 148 1,047 1,195 D $5.30 144 655 799 B 1600 - 1700 $2.95 77 747 824 C $5.30 78 709 787 B $5.30 83 791 874 C $5.30 90 690 780 B $2.95 93 690 783 B 1700 - 1800 $2.95 98 638 736 B $2.95 125 741 866 C $2.95 99 662 761 B $5.30 43 379 422 B $2.95 84 611 695 B 1800 - 1900 $2.95 91 436 527 B $2.95 99 560 659 B $2.95 102 554 656 B $2.95 71 337 408 B $2.95 122 559 681 B 1900 - 2000 $1.95 44 244 288 A $1.95 71 287 358 A $2.95 96 321 417 B $2.95 70 383 453 B $2.95 96 356 452 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 107 679 786 B $5.30 123 727 850 C $2.95 177 824 1,001 D $2.95 148 268 416 B $1.95 88 319 407 B 1500 - 1600 $5.30 127 767 894 C $5.30 128 717 845 C $2.95 144 683 827 C $2.95 108 215 323 A $1.95 93 285 378 A 1600 - 1700 $2.95 106 694 800 B $5.30 78 704 782 B $2.95 120 650 770 B $2.95 117 201 318 A $1.95 88 225 313 A 1700 - 1800 $2.95 121 700 821 C $2.95 113 661 774 B $2.95 122 578 700 B $2.95 143 204 347 A $1.95 74 243 317 A 1800 - 1900 $2.95 103 452 555 B $2.95 139 614 753 B $2.95 102 431 533 B $2.95 149 210 359 A $1.95 95 202 297 A 1900 - 2000 $1.95 60 262 322 A $1.95 87 358 445 B $1.95 121 344 465 B $2.95 150 190 340 A $1.95 84 150 234 A PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 75 641 716 B 1500 - 1600 $5.30 99 764 863 C 1600 - 1700 $2.95 76 696 772 B 1700 - 1800 $2.95 79 592 671 B 1800 - 1900 $2.95 83 504 587 B 1900 - 2000 $1.95 53 201 254 A Thursday 12/03/20 Friday 12/04/20Monday 11/30/20 Tuesday 12/01/20 Wednesday 12/02/20 Wednesday 11/25/20 Thursday 11/26/20 Friday 11/27/20Monday 11/23/20 Tuesday 11/24/20 Thursday 11/19/20 Friday 11/20/20Monday 11/16/20 Tuesday 11/17/20 Wednesday 11/18/20 Wednesday 11/11/20 Thursday 11/12/20 Friday 11/13/20Monday 11/09/20 Tuesday 11/10/20 Monday 11/02/20 Tuesday 11/03/20 Wednesday 11/04/20 Thursday 11/05/20 Friday 11/06/20 15 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 228 664 892 C $5.30 226 688 914 C $5.30 216 753 969 C $5.30 218 672 890 C $2.25 164 426 590 B 0500 - 0600 $9.95 362 852 1,214 E $9.95 425 1018 1,443 F $9.95 361 703 1,064 D $9.95 375 783 1,158 D $6.95 288 872 1,160 D 0600 - 0700 $9.95 213 1028 1,241 E $9.95 185 935 1,120 D $9.95 235 1095 1,330 E $9.95 213 1,073 1,286 E $6.95 208 1,215 1,423 F 0700 - 0800 $6.95 194 1135 1,329 E $6.95 196 1118 1,314 E $6.95 190 1107 1,297 E $6.95 196 1,129 1,325 E $5.30 162 994 1,156 D 0800 - 0900 $5.30 109 862 971 C $5.30 107 907 1,014 D $5.30 124 809 933 C $5.30 105 775 880 C $2.25 92 697 789 B 0900 - 1000 $5.30 84 482 566 B $5.30 92 510 602 B $5.30 82 537 619 B $5.30 95 522 617 B $2.25 73 491 564 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 186 684 870 C $5.30 195 754 949 C $5.30 113 455 568 B $5.30 203 695 898 C $2.25 176 406 582 B 0500 - 0600 $9.95 317 779 1,096 D $9.95 386 955 1,341 E $9.95 194 497 691 B $9.95 323 753 1,076 D $6.95 277 854 1,131 D 0600 - 0700 $9.95 193 1,005 1,198 D $9.95 142 892 1,034 D $9.95 115 764 879 C $9.95 212 989 1,201 E $6.95 211 979 1,190 D 0700 - 0800 $6.95 164 1,153 1,317 E $6.95 181 1,163 1,344 E $6.95 137 773 910 C $6.95 191 1,121 1,312 E $5.30 178 953 1,131 D 0800 - 0900 $5.30 104 790 894 C $5.30 96 905 1,001 D $5.30 130 574 704 B $5.30 91 808 899 C $2.25 80 725 805 C 0900 - 1000 $5.30 73 521 594 B $5.30 69 540 609 B $5.30 154 499 653 B $5.30 69 527 596 B $2.25 81 495 576 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 223 623 846 C $5.30 182 697 879 C $5.30 203 704 907 C $5.30 198 683 881 C $2.25 173 377 550 B 0500 - 0600 $9.95 351 904 1,255 E $9.95 360 974 1,334 E $9.95 324 723 1,047 D $9.95 333 765 1,098 D $6.95 281 904 1,185 D 0600 - 0700 $9.95 185 925 1,110 D $9.95 146 942 1,088 D $9.95 180 1,126 1,306 E $9.95 231 1,025 1,256 E $6.95 203 948 1,151 D 0700 - 0800 $6.95 176 1,209 1,385 F $6.95 165 1,192 1,357 F $6.95 164 1,144 1,308 E $6.95 184 1,235 1,419 F $5.30 171 998 1,169 D 0800 - 0900 $5.30 107 990 1,097 D $5.30 80 1,007 1,087 D $5.30 92 909 1,001 D $5.30 88 883 971 C $2.25 94 723 817 C 0900 - 1000 $5.30 92 585 677 B $5.30 77 601 678 B $5.30 78 536 614 B $5.30 69 532 601 B $2.25 76 483 559 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 179 605 784 B $5.30 183 579 762 B $5.30 161 346 507 B $1.55 10 14 24 A $1.55 21 24 45 A 0500 - 0600 $9.95 294 825 1,119 D $9.95 322 898 1,220 E $5.30 251 812 1,063 D $1.55 13 17 30 A $1.55 23 76 99 A 0600 - 0700 $9.95 168 918 1,086 D $9.95 122 803 925 C $5.30 146 806 952 C $1.55 13 25 38 A $1.55 28 136 164 A 0700 - 0800 $6.95 163 1,105 1,268 E $6.95 149 1,036 1,185 D $5.30 117 743 860 C $1.55 24 53 77 A $1.55 37 188 225 A 0800 - 0900 $5.30 96 879 975 C $5.30 91 774 865 C $4.20 96 581 677 B $1.55 34 72 106 A $1.55 43 229 272 A 0900 - 1000 $5.30 103 490 593 B $5.30 114 516 630 B $2.25 96 440 536 B $1.55 74 167 241 A $2.25 72 236 308 A AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 182 598 780 B 0500 - 0600 $9.95 281 736 1,017 D 0600 - 0700 $9.95 168 858 1,026 D 0700 - 0800 $6.95 165 1,000 1,165 D 0800 - 0900 $5.30 84 640 724 B 0900 - 1000 $5.30 72 493 565 B Wednesday 12/02/20 Friday 11/27/20 Thursday 12/03/20 Friday 12/04/20 11/16/20 Tuesday 11/17/20 Monday 11/30/20 Tuesday 12/01/20 Thursday 11/26/20 11/02/20 Tuesday 11/03/20 Thursday Monday 11/23/20 Tuesday 11/24/20 Wednesday 11/25/20 Wednesday 11/18/20 Thursday 11/19/20 Friday 11/20/20Monday 11/12/20 Friday 11/13/20Monday 11/09/20 Tuesday 11/10/20 Wednesday 11/11/20 Wednesday 11/04/20 Thursday 11/05/20 Friday 11/06/20Monday 16 Westbound AM Peak - I-15 North to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 122 416 538 B $2.95 129 405 534 B $2.95 134 344 478 B $2.95 127 373 500 B $2.95 133 327 460 B 0500 - 0600 $6.85 203 810 1,013 D $6.85 183 794 977 C $6.85 196 807 1,003 D $6.85 194 807 1,001 D $5.30 151 724 875 C 0600 - 0700 $6.85 138 991 1,129 D $6.85 148 989 1,137 D $6.85 141 945 1,086 D $6.85 152 964 1,116 D $5.30 110 834 944 C 0700 - 0800 $6.85 113 860 973 C $6.85 101 854 955 C $6.85 107 806 913 C $6.85 118 860 978 C $2.95 95 769 864 C 0800 - 0900 $2.95 56 708 764 B $2.95 58 714 772 B $2.95 76 775 851 C $2.95 68 719 787 B $2.95 53 525 578 B 0900 - 1000 $2.95 61 468 529 B $2.95 46 486 532 B $2.95 61 636 697 B $2.95 52 481 533 B $2.95 57 465 522 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 111 429 540 B $2.95 107 389 496 B $2.95 54 262 316 A $2.95 106 381 487 B $2.95 85 327 412 B 0500 - 0600 $6.85 151 767 918 C $6.85 169 814 983 C $6.85 118 516 634 B $6.85 157 741 898 C $5.30 159 696 855 C 0600 - 0700 $6.85 111 940 1,051 D $6.85 132 949 1,081 D $6.85 94 685 779 B $6.85 131 902 1,033 D $5.30 102 792 894 C 0700 - 0800 $6.85 92 851 943 C $6.85 98 893 991 C $6.85 76 652 728 B $6.85 110 834 944 C $2.95 92 721 813 C 0800 - 0900 $2.95 46 752 798 B $2.95 45 817 862 C $2.95 69 539 608 B $2.95 63 746 809 C $2.95 51 603 654 B 0900 - 1000 $2.95 50 475 525 B $2.95 71 579 650 B $2.95 96 474 570 B $2.95 59 496 555 B $2.95 49 426 475 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 126 386 512 B $2.95 108 426 534 B $2.95 100 380 480 B $2.95 111 363 474 B $2.95 104 320 424 B 0500 - 0600 $6.85 166 829 995 C $6.85 155 831 986 C $6.85 156 786 942 C $6.85 175 778 953 C $5.30 150 644 794 B 0600 - 0700 $6.85 118 942 1,060 D $6.85 120 952 1,072 D $6.85 131 931 1,062 D $6.85 132 912 1,044 D $5.30 127 819 946 C 0700 - 0800 $6.85 112 867 979 C $6.85 94 940 1,034 D $6.85 92 833 925 C $6.85 107 875 982 C $2.95 95 744 839 C 0800 - 0900 $2.95 56 721 777 B $2.95 62 821 883 C $2.95 65 801 866 C $2.95 57 733 790 B $2.95 57 578 635 B 0900 - 1000 $2.95 50 517 567 B $2.95 46 530 576 B $2.95 51 571 622 B $2.95 50 479 529 B $2.95 50 459 509 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 106 414 520 B $2.95 106 348 454 B $2.95 92 314 406 B $1.95 13 24 37 A $1.95 24 42 66 A 0500 - 0600 $6.85 134 791 925 C $6.85 127 756 883 C $6.85 115 597 712 B $1.95 13 41 54 A $1.95 25 105 130 A 0600 - 0700 $6.85 123 869 992 C $6.85 112 894 1,006 D $5.30 92 665 757 B $1.95 9 45 54 A $1.95 20 134 154 A 0700 - 0800 $6.85 90 765 855 C $6.85 65 735 800 B $2.95 61 570 631 B $1.95 10 38 48 A $1.95 27 132 159 A 0800 - 0900 $2.95 75 711 786 B $2.95 59 627 686 B $2.95 64 487 551 B $1.95 23 55 78 A $1.95 29 186 215 A 0900 - 1000 $2.95 67 469 536 B $2.95 75 537 612 B $2.95 77 418 495 B $1.95 63 126 189 A $1.95 46 239 285 A AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 122 381 503 B 0500 - 0600 $6.85 157 703 860 C 0600 - 0700 $6.85 109 893 1,002 D 0700 - 0800 $6.85 102 760 862 C 0800 - 0900 $2.95 60 651 711 B 0900 - 1000 $2.95 49 445 494 B Thursday 12/03/20 Friday 12/04/20Monday 11/30/20 Tuesday 12/01/20 Wednesday 12/02/20 Wednesday 11/25/20 Thursday 11/26/20 Friday 11/27/20Monday 11/23/20 Tuesday 11/24/20 Thursday 11/19/20 Friday 11/20/20Monday 11/16/20 Tuesday 11/17/20 Wednesday 11/18/20 Wednesday 11/11/20 Thursday 11/12/20 Friday 11/13/20Monday 11/09/20 Tuesday 11/10/20 Monday 11/02/20 Tuesday 11/03/20 Wednesday 11/04/20 Thursday 11/05/20 Friday 11/06/20 17 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 69 calls during the month of November. Of those calls, 53 were to assist disabled vehicles, 12 calls to remove debris, and four were in response to accidents in the Express Lanes. 18 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 11/30/2020 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 15,430,085.14$ 10,731,000.00$ 4,699,085.14$ 43.8 Fee Revenue 2,136,485.90 1,021,041.67 1,115,444.23 109.2 Total operating revenues 17,566,571.04 11,752,041.67 5,814,529.37 49.5 Operating expenses: Salaries and Benefits 244,597.03 281,458.33 36,861.30 13.1 Legal Services 34,882.68 145,833.33 110,950.65 76.1 Advisory Services 22,808.93 31,250.00 8,441.07 27.0 Audit and Accounting Fees 31,550.00 15,000.00 (16,550.00) (110.3) Service Fees (492.50) 2 8,333.33 8,825.83 105.9 Other Professional Services 172,983.49 1,092,083.33 919,099.84 84.2 Lease Expense 122,489.35 204,250.00 81,760.65 40.0 Operations 476,788.95 1,244,583.33 767,794.38 61.7 Utilities 4,975.46 34,000.00 29,024.54 85.4 Supplies and Materials 870.80 12,500.00 11,629.20 93.0 Membership and Subscription Fees 21,327.25 12,500.00 (8,827.25) (70.6) Office Equipment & Furniture (Non-Capital) - 6,250.00 6,250.00 100.0 Maintenance/Repairs 49,930.32 152,125.00 102,194.68 67.2 Training Seminars and Conferences - 958.33 958.33 100.0 Transportation Expenses - 1,666.67 1,666.67 100.0 Lodging - 1,458.33 1,458.33 100.0 Meals - 208.33 208.33 100.0 Other Staff Expenses - 208.33 208.33 100.0 Advertising 4,611.25 114,583.33 109,972.08 96.0 Program Management 31,730.10 69,208.33 37,478.23 54.2 Program Operations 2,779,638.84 3,598,208.33 818,569.49 22.7 Litigation Settlement - - - N/A Furniture & Equipment - 127,083.33 127,083.33 100.0 Improvements - - - N/A Bad Debt Expense 1.77 - (1.77) N/A Total operating expenses 3,998,693.72 7,153,750.00 3,155,056.28 44.1 Operating income (loss)13,567,877.32 4,598,291.67 8,969,585.65 195.1 Nonoperating revenues (expenses): Interest Revenue 157,188.42 288,291.67 (131,103.25) 45.5 Other Miscellaneous Revenue 11.97 41.67 (29.70) 71.3 Interest Expense (7,391,059.39) (2,966,625.00) (4,424,434.39) 149.1 Total nonoperating revenues (expenses)(7,233,859.00) (2,678,291.67) (4,555,567.33) (170.1) Transfers In - - - N/A Transfers Out (236,100.00) (427,208.33) 191,108.33 (44.7) Net income (loss) 6,097,918.32$ 1,492,791.67$ 4,605,126.65$ 308.5 1 Unaudited 2 Negatives are the result of FY20 accruals YTD as of : YTD Variance Actual1 19 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING November 30, 2020 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 544,727 350,370 64% $1,531,461 RCTC 490,253 350,370 71% $1,518,098 I -15 205,365 149,305 73% $592,317 McKinley 284,888 201,065 71% $925,781 Eastbound OCTA 586,656 356,704 61% $2,130,637 RCTC 477,013 356,704 75% $1,646,864 I -15 183,316 144,699 79% $470,218 McKinley 293,697 212,005 72% $1,176,646 20 JOINT AGENCY PERFORMANCE MEASURES JOINT AGENCY TRANSPONDER DISTRIBUTION Nov-20 Performance CUSTOMER SERVICE Call Wait Time Monthly Not to exceed 2 minutes 1:29 Abandon Rate Monthly No more than 4.0% 2.3% Customer Satisfaction Monthly At least 75 outbound calls 76 VIOLATION PROCESSING Response Time Monthly Within 2 business days of receipt 0.5 CUSA Violation Collection Rate Quarterly 70% or more -22% CUSA Violation Collection Rate Annually 74% or more -5% TRAFFIC OPERATIONS Initial & Secondary Reviews Monthly Equal to or less than 15 days 0.9 * Plate Misread Errors Monthly Equal to or less than 0.4% 0.02% CAS Response Time Monthly 0:20 (minutes) per call 0:08 ACCOUNTING Monthly No more than 3 0 Monthly No more than 3 0 INFORMATION TECHNOLOGY Back-office System Uptime Monthly 99% Availability 100% Network Uptime Monthly 99% Availability 100% CUSA = Cofiroute USA; CAS = OCTA Customer Assistance Specialists * Plate Misread Error performance is current after a 60-day hold-back period; therefore, percentage reported here is for 2 months prior to the month of this report. OCTA Exceptions RCTC Exceptions REPORTING REQUIREMENT Reporting P eriod PERFORMANCE STANDARD 21 At the end of November 2020, the 91 Express Lanes had 151,119 active customer accounts and 392,621 transponders classified as assigned. Number of Accounts by FY As of November 30, 2020 Incoming Email Activity During November, the Anaheim Processing Center received 3,502 emails. Incoming emails increased by 7.6 percent from the prior month due to the extensive outreach program for the conversion of existing customer accounts and distribution of the 6C transponders. Operational Activity Amid concerns about the spread of COVID-19 and following the G help reduce its spread, the 91 Express Lanes Customer Walk-In Center was closed in March and will remain so until further notice. Operational activities in the Anaheim and Corona locations continued to function with a combination of remote workers and core staff located at the facilities. Core essential functions include aiding stranded motorists, providing incident management services, and dispatching emergency vehicles through 22 the traffic operations center. The call center remains open to respond to customer service and violation calls. Orange County Transportation Authority Riverside County Transportation Commission Status Report December 2020 As of December 31, 2020 ATTACHMENT D 2 Table of Contents Operations Overview OCTA ........................................................................................................... 3 Traffic and Revenue Statistics for OCTA ....................................................................................... 3 OCTA Traffic and Revenue Summary............................................................................................ 5 OCTA Eastbound Peak-Hour Volumes .......................................................................................... 6 OCTA Westbound Peak-Hour Volumes ......................................................................................... 7 OCTA Operational Highlights ......................................................................................................... 8 Financial Highlights OCTA.............................................................................................................. 9 Operations Overview RCTC ........................................................................................................... 9 Traffic and Revenue Statistics for RCTC ..................................................................................... 10 RCTC Traffic and Revenue Summary.......................................................................................... 12 RCTC Peak-Hour Volumes........................................................................................................... 13 RCTC Eastbound Peak-Hour Volumes ........................................................................................ 13 RCTC Westbound Peak-Hour Volumes ....................................................................................... 15 RCTC Operational Highlights ....................................................................................................... 17 Financial Highlights RCTC............................................................................................................ 18 Joint Agency Trip and Revenue Statistics .................................................................................... 19 Joint Agency Traffic Statistics ....................................................................................................... 19 Joint Agency Performance Measures .......................................................................................... 20 Joint Agency Transponder Distribution ........................................................................................ 20 Incoming Email Activity ................................................................................................................. 21 Operational Activity ....................................................................................................................... 21 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for December 2020 was 1,082,747. This represents a daily average of 34,927 vehicles. This is a 24.8 percent decrease in total traffic volume from the same period last year, which totaled 1,440,236. Potential toll revenue for December was $3,537,895, which represents a decrease of 18.4 percent 21.3 percent as compared to attributed to the coronavirus (COVID- orders for residents to stay at home and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of December 2020. Current Month-to-Date (MTD) as of December 31, 2020 Trips Dec-20 MTD Actual Dec-19 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 852,110 1,059,346 (19.6%) 3+ Lanes 230,637 380,890 (39.4%) Total Gross Trips 1,082,747 1,440,236 (24.8%) Revenue Full Toll Lanes $3,488,629 $4,269,308 (18.3%) 3+ Lanes $49,266 $68,991 (28.6%) Total Gross Revenue $3,537,895 $4,338,299 (18.4%) Average Revenue per Trip Average Full Toll Lanes $4.09 $4.03 1.5% Average 3+ Lanes $0.21 $0.18 16.7% Average Gross Revenue $3.27 $3.01 8.6% 4 The 2021 fiscal year-to-date traffic volume decreased by 22.5 percent and potential toll revenue decreased by 16.5 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.25. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2020 through December 2020. Fiscal Year (FY) 2020-21 Year-to-Date as of December 31, 2020 Trips FY 2020-21 YTD Actual FY 2019-20 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 5,431,491 6,626,087 (18.0%) 3+ Lanes 1,525,760 2,345,634 (35.0%) Total Gross Trips 6,957,251 8,971,721 (22.5%) Revenue Full Toll Lanes $22,298,744 $26,647,546 (16.3%) 3+ Lanes $302,149 $415,384 (27.3%) Total Gross Revenue $22,600,893 $27,062,930 (16.5%) Average Revenue per Trip Average Full Toll Lanes $4.11 $4.02 2.2% Average 3+ Lanes $0.20 $0.18 11.1% Average Gross Revenue $3.25 $3.02 7.6% 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2020-21 on a monthly basis. 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound direction reached or exceeded 90 percent of defined capacity six times during the month of December 2020. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 71 percent of defined capacity. 7 OCTA WESTBOUND PEAK-HOUR VOLUMES 8 OCTA OPERATIONAL HIGHLIGHTS On-Road Operations OCTA customer assistance specialists (CAS) responded to 101 calls during the month of December. Of those calls, 63 were to assist disabled vehicles and 25 calls to remove debris. The CAS provided assistance to 13 accidents in the Express Lanes with seven of those accidents originating in the State Route 91 general purpose lanes. 9 FINANCIAL HIGHLIGHTS OCTA Capital Asset Activity During the six months ending December 31, 2020, capital asset activities included $11,453 for the replacement of the air-conditioning units for the eastbound toll plaza. 91 Express Lanes Operating Statement YTD as of : 12/31/2020 Description Actual (1)Budget (1)Dollar $ Percent (%) Operating revenues: Toll Revenue 20,754,429.71$ 15,890,806.00$ 4,863,623.71$ 30.6 Fee Revenue 2,257,552.62 840,388.00 1,417,164.62 168.6 Total operating revenues 23,011,982.33 16,731,194.00 6,280,788.33 37.5 Operating expenses: Contracted Services 3,317,976.58 3,598,560.00 280,583.42 7.8 Administrative Fee 1,609,815.00 1,560,876.00 (48,939.00) (3.1) Other Professional Services 428,342.55 1,834,808.00 1,406,465.45 76.7 Credit Card Processing Fees 463,438.47 473,850.00 10,411.53 2.2 Toll Road Account Servicing (5)198,879.43 301,020.00 102,140.57 33.9 Other Insurance Expense 217,974.36 124,950.00 (93,024.36) (74.4) Toll Road Maintenance Supply Repairs 55,649.61 1,375,059.00 1,319,409.39 96.0 Patrol Services 229,650.67 549,778.00 320,127.33 58.2 Building Equipment Repairs and Maint 336,376.43 206,729.00 (129,647.43) (62.7) 6C Transponders - 125,000.00 125,000.00 100.0 Other Services (6)(997,825.18) 31,210.00 1,029,035.18 3,297.1 Utilities 22,533.68 57,480.00 34,946.32 60.8 Office Expense 9,356.40 48,982.00 39,625.60 80.9 Bad Debt Expense 84,842.04 - (84,842.04) N/A Miscellaneous (2)4,153.82 86,696.00 82,542.18 95.2 Leases 260,097.32 242,400.00 (17,697.32) (7.3) Total operating expenses 6,241,261.18 10,617,398.00 4,376,136.82 41.2 Depreciation and Amortization (3)2,581,229.59 - (2,581,229.59) N/A Operating income (loss)14,189,491.56 6,113,796.00 8,075,695.56 132.1 Nonoperating revenues (expenses): Reimbursement from Other Agencies 340,186.73 625,000.00 (284,813.27) (45.6) Interest Income 2,460,128.71 735,744.00 1,724,384.71 234.4 Interest Expense (2,160,224.84) (2,199,474.00) 39,249.16 1.8 Other - - - N/A Total nonoperating revenues (expenses)640,090.60 (838,730.00) 1,478,820.60 176.3 Transfers In - - - N/A Transfers Out (4)(1,919,845.97) (30,431,600.00) 28,511,754.03 93.7 Net income (loss) 12,909,736.19$ (25,156,534.00)$ 38,066,270.19$ (151.3) ¹Actual amounts are accounted for on the accrual basis of accounting in an enterprise fund. Budget amounts are accounted for on a modified accrual basis of accounting. ²Miscellaneous expenses include: Bond Insurance Costs, Bank Service Charge, Transponder Materials. ³Depreciation and amortization are not budgeted items. 4Transfers Out: For M2 Project I and Project J expense reimbursements. 5 Collection efforts have been paused due to pandemic 6 Litigation settlement was accrued, the negative will be offset once the litigation payment is issued. YTD Variance 10 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for December 2020 was 913,325. This represents a daily average of 29,462 vehicles. This is a 27.2 percent decrease in total traffic volume from the same period last year, which totaled 1,254,586. Potential toll revenue for December was $3,144,150, which represents a decrease of 40.4 percent attributed to the COVID-19 pandemic and orders for residents to self- quarantine and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of December 2020. Current Month-to-Date as of December 31, 2020 Trips DEC-20 MTD Actual Stantec MTD Projected # Variance % Variance Dec-19 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 729,424 930,186 (200,762) (21.6%)945,151 (22.8%) 3+ Lanes 183,901 328,671 (144,770) (44.0%)309,435 (40.6%) Total Gross Trips 913,325 1,258,857 (345,532) (27.4%)1,254,586 (27.2%) Revenue Full Toll Lanes $3,109,143 $3,992,971 ($883,829) (22.1%)$5,238,975 (40.7%) 3+ Lanes $35,008 $0 $35,008 $38,169 (8.3%) Total Gross Revenue $3,144,150 $3,992,971 ($848,821) (21.3%)$5,277,144 (40.4%) Average Revenue per Trip Average Full Toll Lanes $4.26 $4.29 ($0.03) (0.7%)$5.54 (23.1%) Average 3+ Lanes $0.19 $0.00 $0.19 $0.12 58.3% Average Gross Revenue $3.44 $3.17 $0.27 8.5% $4.21 (18.3%) 11 The 2021 fiscal year-to-date traffic volume decreased by 25.4 percent and potential toll revenue decreased by 39.8 percent, when compared with the same period last year. Year-to-date average revenue per-trip is $3.40. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2020 through December 2020. FY 2020-21 Year-to-Date as of December 31, 2020 Trips FY 2020-21 YTD Actual Stantec YTD Projected # Variance % Variance FY 2019-20 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 4,651,371 6,068,686 (1,417,315) (23.4%)5,969,012 (22.1%) 3+ Lanes 1,221,292 1,976,343 (755,051) (38.2%)1,908,419 (36.0%) Total Gross Trips 5,872,663 8,045,029 (2,172,366) (27.0%)7,877,431 (25.4%) Revenue Full Toll Lanes $19,760,008 $25,791,800 ($6,031,792) (23.4%)$32,990,077 (40.1%) 3+ Lanes $214,063 $0 $214,063 $216,298 (1.0%) Total Gross Revenue $19,974,070 $25,791,800 ($5,817,730) (22.6%)$33,206,375 (39.8%) Average Revenue per Trip Average Full Toll Lanes $4.25 $4.25 $0.00 0.0% $5.53 (23.1%) Average 3+ Lanes $0.18 $0.00 $0.18 $0.11 63.6% Average Gross Revenue $3.40 $3.21 $0.19 5.9% $4.22 (19.4%) 12 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. 13 RCTC PEAK-HOUR VOLUMES In December, there were no toll rates adjusted in response to traffic volumes. Traffic volumes are being reviewed regularly, and a plan is in place to monitor traffic volumes and adjust toll rates until traffic returns to pre-COVID-19 volumes. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 109 601 710 B $7.95 179 963 1,142 D $10.95 186 925 1,111 D $20.95 308 1,197 1,505 F 1500 - 1600 $9.95 211 895 1,106 D $13.95 252 884 1,136 D $13.95 244 1,037 1,281 E $22.95 277 887 1,164 D 1600 - 1700 $6.95 131 971 1,102 D $6.95 185 994 1,179 D $7.95 140 767 907 C $12.95 180 981 1,161 D 1700 - 1800 $5.30 177 932 1,109 D $5.30 217 902 1,119 D $5.30 219 949 1,168 D $7.95 201 850 1,051 D 1800 - 1900 $4.20 165 718 883 C $5.30 168 715 883 C $5.30 197 884 1,081 D $5.30 198 762 960 C 1900 - 2000 $2.25 88 359 447 B $2.25 118 306 424 B $2.25 138 473 611 B $2.25 179 550 729 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 158 829 987 C $5.30 153 868 1,021 D $7.95 191 944 1,135 D $10.95 189 893 1,082 D $20.95 261 1,118 1,379 F 1500 - 1600 $8.95 202 969 1,171 D $9.95 214 941 1,155 D $13.95 210 952 1,162 D $13.95 236 1,081 1,317 F $22.95 249 879 1,128 D 1600 - 1700 $6.95 144 949 1,093 D $6.95 146 958 1,104 D $6.95 164 951 1,115 D $7.95 169 941 1,110 D $12.95 149 890 1,039 D 1700 - 1800 $5.30 150 857 1,007 D $5.30 163 816 979 C $5.30 198 833 1,031 D $5.30 202 955 1,157 D $7.95 230 969 1,199 D 1800 - 1900 $4.20 109 552 661 B $4.20 151 629 780 B $5.30 174 638 812 C $5.30 191 655 846 C $5.30 194 747 941 C 1900 - 2000 $2.25 101 431 532 B $2.25 71 239 310 A $2.25 115 280 395 A $2.25 112 310 422 B $2.25 139 394 533 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 161 869 1,030 D $5.30 154 845 999 C $7.95 175 1,024 1,199 D $10.95 205 992 1,197 D $20.95 267 1,148 1,415 F 1500 - 1600 $8.95 177 922 1,099 D $9.95 203 928 1,131 D $13.95 195 905 1,100 D $13.95 211 1,115 1,326 F $22.95 274 818 1,092 D 1600 - 1700 $6.95 159 938 1,097 D $6.95 159 883 1,042 D $6.95 170 978 1,148 D $7.95 155 912 1,067 D $12.95 160 971 1,131 D 1700 - 1800 $5.30 142 809 951 C $5.30 182 805 987 C $5.30 166 1,007 1,173 D $5.30 199 951 1,150 D $7.95 138 675 813 C 1800 - 1900 $4.20 120 523 643 B $4.20 160 633 793 B $5.30 110 712 822 C $5.30 167 793 960 C $5.30 297 1,116 1,413 F 1900 - 2000 $2.25 81 223 304 A $2.25 99 287 386 A $2.25 104 275 379 A $2.25 124 357 481 B $2.25 213 804 1,017 D PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 214 976 1,190 D $5.30 214 1,067 1,281 E $7.95 231 1,174 1,405 F $20.95 289 794 1,083 D $4.20 250 505 755 B 1500 - 1600 $8.95 222 1,022 1,244 E $9.95 211 903 1,114 D $13.95 290 1,064 1,354 F $22.95 313 617 930 C $4.20 181 278 459 B 1600 - 1700 $6.95 183 997 1,180 D $6.95 178 1,009 1,187 D $6.95 197 1,030 1,227 E $12.95 197 585 782 B $2.25 141 231 372 A 1700 - 1800 $5.30 228 921 1,149 D $5.30 163 941 1,104 D $5.30 225 921 1,146 D $7.95 237 468 705 B $2.25 149 210 359 A 1800 - 1900 $4.20 178 676 854 C $4.20 180 790 970 C $5.30 190 775 965 C $5.30 149 279 428 B $2.25 161 218 379 A 1900 - 2000 $2.25 123 364 487 B $2.25 119 408 527 B $2.25 143 432 575 B $2.25 144 214 358 A $4.20 139 165 304 A PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 153 674 827 C $5.30 222 863 1,085 D $7.95 261 1,151 1,412 F $20.95 279 922 1,201 E 1500 - 1600 $8.95 145 671 816 C $9.95 247 877 1,124 D $13.95 289 989 1,278 E $22.95 252 689 941 C 1600 - 1700 $6.95 114 700 814 C $6.95 137 751 888 C $6.95 211 928 1,139 D $12.95 145 584 729 B 1700 - 1800 $5.30 122 622 744 B $5.30 105 404 509 B $5.30 209 911 1,120 D $7.95 164 520 684 B 1800 - 1900 $4.20 104 319 423 B $4.20 120 333 453 B $5.30 190 685 875 C $5.30 156 316 472 B 1900 - 2000 $2.25 74 143 217 A $2.25 115 246 361 A $2.25 148 347 495 B $2.25 96 168 264 A Wednesday 12/30/20 Friday 12/25/20 Thursday 12/31/20 Friday 01/01/21 12/14/20 Tuesday 12/15/20 Monday 12/28/20 Tuesday 12/29/20 Thursday 12/24/20 11/30/20 Tuesday 12/01/20 Thursday Monday 12/21/20 Tuesday 12/22/20 Wednesday 12/23/20 Wednesday 12/16/20 Thursday 12/17/20 Friday 12/18/20Monday 12/10/20 Friday 12/11/20Monday 12/07/20 Tuesday 12/08/20 Wednesday 12/09/20 Wednesday 12/02/20 Thursday 12/03/20 Friday 12/04/20Monday 14 Eastbound PM Peak - County Line to I-15 South PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 51 502 553 B $5.30 91 710 801 C $5.30 85 717 802 C $5.30 130 892 1,022 D 1500 - 1600 $5.30 96 693 789 B $5.30 126 784 910 C $5.30 124 797 921 C $5.30 134 738 872 C 1600 - 1700 $5.30 88 755 843 C $5.30 86 736 822 C $5.30 78 578 656 B $2.95 96 714 810 C 1700 - 1800 $2.95 105 756 861 C $2.95 108 729 837 C $5.30 121 648 769 B $2.95 104 578 682 B 1800 - 1900 $2.95 91 538 629 B $2.95 104 557 661 B $2.95 110 658 768 B $2.95 132 541 673 B 1900 - 2000 $1.95 67 281 348 A $2.95 56 261 317 A $2.95 67 310 377 A $2.95 106 349 455 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 82 649 731 B $5.30 78 650 728 B $5.30 87 717 804 C $5.30 76 665 741 B $5.30 113 822 935 C 1500 - 1600 $5.30 104 758 862 C $5.30 114 752 866 C $5.30 105 743 848 C $5.30 130 894 1,024 D $5.30 130 722 852 C 1600 - 1700 $2.95 83 723 806 C $5.30 70 679 749 B $5.30 88 748 836 C $5.30 82 670 752 B $2.95 78 646 724 B 1700 - 1800 $2.95 81 613 694 B $2.95 87 658 745 B $2.95 95 644 739 B $5.30 125 607 732 B $2.95 112 647 759 B 1800 - 1900 $2.95 81 394 475 B $2.95 87 471 558 B $2.95 106 480 586 B $2.95 106 487 593 B $2.95 125 467 592 B 1900 - 2000 $1.95 58 293 351 A $1.95 50 209 259 A $2.95 49 220 269 A $2.95 58 211 269 A $2.95 84 236 320 A PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 92 647 739 B $5.30 82 581 663 B $5.30 93 788 881 C $5.30 95 753 848 C $5.30 154 856 1,010 D 1500 - 1600 $5.30 83 708 791 B $5.30 116 784 900 C $5.30 111 744 855 C $5.30 102 885 987 C $5.30 157 724 881 C 1600 - 1700 $2.95 82 686 768 B $5.30 90 753 843 C $5.30 70 709 779 B $5.30 76 718 794 B $2.95 80 725 805 C 1700 - 1800 $2.95 84 609 693 B $2.95 95 662 757 B $2.95 87 734 821 C $5.30 106 696 802 C $2.95 63 411 474 B 1800 - 1900 $2.95 85 401 486 B $2.95 91 517 608 B $2.95 90 571 661 B $2.95 129 587 716 B $2.95 175 694 869 C 1900 - 2000 $1.95 47 206 253 A $1.95 64 254 318 A $2.95 63 263 326 A $2.95 103 281 384 A $2.95 139 443 582 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 98 658 756 B $5.30 124 764 888 C $5.30 123 794 917 C $5.30 185 590 775 B $2.95 185 346 531 B 1500 - 1600 $5.30 100 791 891 C $5.30 119 756 875 C $5.30 151 786 937 C $5.30 193 478 671 B $2.95 137 180 317 A 1600 - 1700 $2.95 83 713 796 B $5.30 84 725 809 C $5.30 105 681 786 B $2.95 158 443 601 B $2.95 125 135 260 A 1700 - 1800 $2.95 103 685 788 B $2.95 95 648 743 B $2.95 116 562 678 B $2.95 147 391 538 B $2.95 116 175 291 A 1800 - 1900 $2.95 120 459 579 B $2.95 109 554 663 B $2.95 99 552 651 B $2.95 128 248 376 A $2.95 137 136 273 A 1900 - 2000 $1.95 78 258 336 A $1.95 68 290 358 A $2.95 84 324 408 B $2.95 105 178 283 A $2.95 140 147 287 A PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 83 430 513 B $5.30 103 592 695 B $5.30 92 644 736 B $5.30 160 569 729 B 1500 - 1600 $5.30 82 517 599 B $5.30 150 613 763 B $5.30 156 750 906 C $5.30 139 498 637 B 1600 - 1700 $2.95 73 484 557 B $5.30 91 726 817 C $5.30 110 625 735 B $2.95 91 415 506 B 1700 - 1800 $2.95 72 434 506 B $2.95 81 401 482 B $2.95 117 504 621 B $2.95 102 344 446 B 1800 - 1900 $2.95 62 267 329 A $2.95 86 297 383 A $2.95 122 438 560 B $2.95 105 215 320 A 1900 - 2000 $1.95 47 125 172 A $1.95 72 197 269 A $2.95 78 239 317 A $2.95 57 135 192 A Thursday 12/31/20 Friday 01/01/21Monday 12/28/20 Tuesday 12/29/20 Wednesday 12/30/20 Wednesday 12/23/20 Thursday 12/24/20 Friday 12/25/20Monday 12/21/20 Tuesday 12/22/20 Thursday 12/17/20 Friday 12/18/20Monday 12/14/20 Tuesday 12/15/20 Wednesday 12/16/20 Wednesday 12/09/20 Thursday 12/10/20 Friday 12/11/20Monday 12/07/20 Tuesday 12/08/20 Monday 11/30/20 Tuesday 12/01/20 Wednesday 12/02/20 Thursday 12/03/20 Friday 12/04/20 15 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 185 629 814 C $5.30 182 665 847 C $5.30 179 697 876 C $2.25 146 402 548 B 0500 - 0600 $9.95 310 1292 1,602 F $9.95 279 1068 1,347 E $9.95 294 988 1,282 E $6.95 224 871 1,095 D 0600 - 0700 $10.95 157 416 573 B $10.95 185 647 832 C $10.95 176 797 973 C $6.95 185 1,023 1,208 E 0700 - 0800 $6.95 171 1098 1,269 E $6.95 160 1023 1,183 D $6.95 177 1,241 1,418 F $5.30 162 875 1,037 D 0800 - 0900 $5.30 105 761 866 C $5.30 78 693 771 B $5.30 89 875 964 C $2.25 74 643 717 B 0900 - 1000 $5.30 86 472 558 B $5.30 75 484 559 B $5.30 92 677 769 B $2.25 81 463 544 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 167 611 778 B $5.30 151 590 741 B $5.30 164 684 848 C $5.30 164 626 790 B $2.25 122 346 468 B 0500 - 0600 $9.95 250 847 1,097 D $9.95 292 1,280 1,572 F $9.95 245 1,066 1,311 E $9.95 277 981 1,258 E $6.95 239 858 1,097 D 0600 - 0700 $9.95 155 902 1,057 D $10.95 144 436 580 B $10.95 216 717 933 C $10.95 173 611 784 B $6.95 186 951 1,137 D 0700 - 0800 $6.95 163 1,145 1,308 E $6.95 147 998 1,145 D $6.95 184 1,151 1,335 E $6.95 135 961 1,096 D $5.30 127 876 1,003 D 0800 - 0900 $5.30 80 693 773 B $5.30 74 644 718 B $5.30 100 835 935 C $5.30 76 677 753 B $2.25 79 580 659 B 0900 - 1000 $5.30 69 422 491 B $5.30 73 459 532 B $5.30 67 487 554 B $5.30 84 520 604 B $2.25 52 394 446 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 157 577 734 B $5.30 130 649 779 B $5.30 156 633 789 B $5.30 152 636 788 B $2.25 124 341 465 B 0500 - 0600 $9.95 289 869 1,158 D $9.95 306 1,349 1,655 F $9.95 258 1,071 1,329 E $9.95 288 968 1,256 E $6.95 210 839 1,049 D 0600 - 0700 $9.95 145 953 1,098 D $10.95 133 481 614 B $10.95 166 579 745 B $10.95 168 674 842 C $6.95 134 933 1,067 D 0700 - 0800 $6.95 151 1,002 1,153 D $6.95 130 1,014 1,144 D $6.95 137 930 1,067 D $6.95 128 1,010 1,138 D $5.30 117 760 877 C 0800 - 0900 $5.30 85 611 696 B $5.30 73 660 733 B $5.30 71 551 622 B $5.30 85 808 893 C $2.25 80 600 680 B 0900 - 1000 $5.30 82 657 739 B $5.30 64 449 513 B $5.30 64 471 535 B $5.30 78 471 549 B $2.25 71 464 535 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 145 525 670 B $5.30 126 529 655 B $5.30 115 514 629 B $2.25 49 166 215 A $1.55 2 3 5 A 0500 - 0600 $9.95 242 781 1,023 D $9.95 264 1,102 1,366 F $9.95 228 866 1,094 D $6.95 97 184 281 A $1.55 5 10 15 A 0600 - 0700 $9.95 113 798 911 C $10.95 101 360 461 B $10.95 143 451 594 B $6.95 51 239 290 A $1.55 4 16 20 A 0700 - 0800 $6.95 120 843 963 C $6.95 110 757 867 C $6.95 98 645 743 B $5.30 52 229 281 A $1.55 11 34 45 A 0800 - 0900 $5.30 73 615 688 B $5.30 65 589 654 B $5.30 76 531 607 B $2.25 51 234 285 A $1.55 25 52 77 A 0900 - 1000 $5.30 118 478 596 B $5.30 96 452 548 B $5.30 93 483 576 B $2.25 82 241 323 A $1.55 60 105 165 A AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 83 357 440 B $5.30 90 402 492 B $5.30 88 412 500 B $2.25 62 242 304 A 0500 - 0600 $9.95 136 419 555 B $9.95 188 810 998 C $9.95 176 663 839 C $6.95 96 282 378 A 0600 - 0700 $9.95 87 409 496 B $10.95 89 218 307 A $10.95 105 396 501 B $6.95 65 359 424 B 0700 - 0800 $6.95 79 614 693 B $6.95 92 600 692 B $6.95 79 560 639 B $5.30 61 331 392 A 0800 - 0900 $5.30 62 482 544 B $5.30 66 458 524 B $5.30 73 446 519 B $2.25 44 300 344 A 0900 - 1000 $5.30 76 393 469 B $5.30 84 350 434 B $5.30 96 375 471 B $2.25 61 275 336 A Wednesday 12/30/20 Friday 12/25/20 Thursday 12/31/20 Friday 01/01/21 12/14/20 Tuesday 12/15/20 Monday 12/28/20 Tuesday 12/29/20 Thursday 12/24/20 11/30/20 Tuesday 12/01/20 Thursday Monday 12/21/20 Tuesday 12/22/20 Wednesday 12/23/20 Wednesday 12/16/20 Thursday 12/17/20 Friday 12/18/20Monday 12/10/20 Friday 12/11/20Monday 12/07/20 Tuesday 12/08/20 Wednesday 12/09/20 Wednesday 12/02/20 Thursday 12/03/20 Friday 12/04/20Monday 16 Westbound AM Peak - I-15 North to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 92 371 463 B $2.95 125 363 488 B $2.95 100 390 490 B $2.95 77 360 437 B 0500 - 0600 $6.85 133 743 876 C $6.85 147 767 914 C $6.85 137 757 894 C $5.30 126 695 821 C 0600 - 0700 $6.85 119 916 1,035 D $6.85 99 896 995 C $6.85 123 922 1,045 D $5.30 89 830 919 C 0700 - 0800 $6.85 103 792 895 C $6.85 75 796 871 C $6.85 88 828 916 C $2.95 85 658 743 B 0800 - 0900 $2.95 54 662 716 B $2.95 54 673 727 B $2.95 54 737 791 B $2.95 59 532 591 B 0900 - 1000 $2.95 46 491 537 B $2.95 51 528 579 B $2.95 52 559 611 B $2.95 46 435 481 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 98 397 495 B $2.95 72 377 449 B $2.95 93 383 476 B $2.95 82 377 459 B $2.95 62 335 397 A 0500 - 0600 $6.85 132 800 932 C $6.85 155 791 946 C $6.85 128 766 894 C $6.85 135 775 910 C $5.30 121 638 759 B 0600 - 0700 $6.85 95 915 1,010 D $6.85 109 847 956 C $6.85 113 893 1,006 D $6.85 102 826 928 C $5.30 88 783 871 C 0700 - 0800 $6.85 85 770 855 C $6.85 82 789 871 C $6.85 94 778 872 C $6.85 86 669 755 B $2.95 88 660 748 B 0800 - 0900 $2.95 51 641 692 B $2.95 46 640 686 B $2.95 59 717 776 B $2.95 36 627 663 B $2.95 45 522 567 B 0900 - 1000 $2.95 50 460 510 B $2.95 34 447 481 B $2.95 42 465 507 B $2.95 46 478 524 B $2.95 38 430 468 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 101 368 469 B $2.95 76 368 444 B $2.95 99 346 445 B $2.95 73 362 435 B $2.95 54 315 369 A 0500 - 0600 $6.85 144 732 876 C $6.85 129 760 889 C $6.85 125 661 786 B $6.85 134 783 917 C $5.30 110 657 767 B 0600 - 0700 $6.85 108 957 1,065 D $6.85 96 888 984 C $6.85 110 948 1,058 D $6.85 106 832 938 C $5.30 84 688 772 B 0700 - 0800 $6.85 96 759 855 C $6.85 78 764 842 C $6.85 81 771 852 C $6.85 88 763 851 C $2.95 52 639 691 B 0800 - 0900 $2.95 36 660 696 B $2.95 38 657 695 B $2.95 36 600 636 B $2.95 34 683 717 B $2.95 55 676 731 B 0900 - 1000 $2.95 40 408 448 B $2.95 42 455 497 B $2.95 38 480 518 B $2.95 62 505 567 B $2.95 55 461 516 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 76 359 435 B $2.95 78 327 405 B $2.95 59 306 365 A $2.95 35 92 127 A $1.95 8 11 19 A 0500 - 0600 $6.85 121 718 839 C $6.85 100 709 809 C $6.85 109 648 757 B $5.30 54 214 268 A $1.95 9 16 25 A 0600 - 0700 $6.85 92 758 850 C $6.85 81 804 885 C $6.85 84 594 678 B $5.30 36 212 248 A $1.95 12 22 34 A 0700 - 0800 $6.85 71 652 723 B $6.85 56 582 638 B $6.85 67 535 602 B $2.95 34 208 242 A $1.95 11 33 44 A 0800 - 0900 $2.95 45 539 584 B $2.95 46 572 618 B $2.95 46 503 549 B $2.95 40 236 276 A $1.95 31 62 93 A 0900 - 1000 $2.95 58 449 507 B $2.95 67 480 547 B $2.95 61 447 508 B $2.95 76 234 310 A $1.95 56 121 177 A AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 66 279 345 A $2.95 49 252 301 A $2.95 51 223 274 A $2.95 28 158 186 A 0500 - 0600 $6.85 77 443 520 B $6.85 99 528 627 B $6.85 84 516 600 B $5.30 48 311 359 A 0600 - 0700 $6.85 74 493 567 B $6.85 71 525 596 B $6.85 65 520 585 B $5.30 47 321 368 A 0700 - 0800 $6.85 47 512 559 B $6.85 57 488 545 B $6.85 46 460 506 B $2.95 27 294 321 A 0800 - 0900 $2.95 28 426 454 B $2.95 57 478 535 B $2.95 52 459 511 B $2.95 29 269 298 A 0900 - 1000 $2.95 52 365 417 B $2.95 50 358 408 B $2.95 59 334 393 A $2.95 52 252 304 A Thursday 12/31/20 Friday 01/01/21Monday 12/28/20 Tuesday 12/29/20 Wednesday 12/30/20 Wednesday 12/23/20 Thursday 12/24/20 Friday 12/25/20Monday 12/21/20 Tuesday 12/22/20 Thursday 12/17/20 Friday 12/18/20Monday 12/14/20 Tuesday 12/15/20 Wednesday 12/16/20 Wednesday 12/09/20 Thursday 12/10/20 Friday 12/11/20Monday 12/07/20 Tuesday 12/08/20 Monday 11/30/20 Tuesday 12/01/20 Wednesday 12/02/20 Thursday 12/03/20 Friday 12/04/20 17 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 97 calls during the month of December. Of those calls, 63 were to assist disabled vehicles, 11 calls to remove debris, and 23 were in response to accidents in the Express Lanes. 18 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 12/31/2020 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 18,204,036.29$ 12,877,200.00$ 5,326,836.29$ 41.4 Fee Revenue 2,673,982.46 1,225,250.00 1,448,732.46 118.2 Total operating revenues 20,878,018.75 14,102,450.00 6,775,568.75 48.0 Operating expenses: Salaries and Benefits 311,266.29 337,750.00 26,483.71 7.8 Legal Services 40,390.33 175,000.00 134,609.67 76.9 Advisory Services 22,808.93 37,500.00 14,691.07 39.2 Audit and Accounting Fees 31,550.00 18,000.00 (13,550.00) (75.3) Service Fees 1,541.32 10,000.00 8,458.68 84.6 Other Professional Services 316,257.44 1,310,500.00 994,242.56 75.9 Lease Expense 150,942.78 245,100.00 94,157.22 38.4 Operations 719,915.06 1,493,500.00 773,584.94 51.8 Utilities 16,314.93 40,800.00 24,485.07 60.0 Supplies and Materials 1,396.69 15,000.00 13,603.31 90.7 Membership and Subscription Fees 28,281.50 15,000.00 (13,281.50) (88.5) Office Equipment & Furniture (Non-Capital) 4,642.23 7,500.00 2,857.77 38.1 Maintenance/Repairs 61,201.55 182,550.00 121,348.45 66.5 Training Seminars and Conferences (720.00) 1,150.00 1,870.00 162.6 Transportation Expenses - 2,000.00 2,000.00 100.0 Lodging - 1,750.00 1,750.00 100.0 Meals - 250.00 250.00 100.0 Other Staff Expenses - 250.00 250.00 100.0 Advertising 4,611.25 137,500.00 132,888.75 96.6 Program Management 38,070.27 83,050.00 44,979.73 54.2 Program Operations 3,631,779.71 4,317,850.00 686,070.29 15.9 Litigation Settlement - - - N/A Furniture & Equipment - 152,500.00 152,500.00 100.0 Improvements - - - N/A Bad Debt Expense 7.04 - (7.04) N/A Total operating expenses 5,380,257.32 8,584,500.00 3,204,242.68 37.3 Operating income (loss)15,497,761.43 5,517,950.00 9,979,811.43 180.9 Nonoperating revenues (expenses): Interest Revenue 423,236.29 345,950.00 77,286.29 (22.3) Other Miscellaneous Revenue 52,424.98 50.00 52,374.98 (104,750.0) Interest Expense (13,002,133.39) (3,559,950.00) (9,442,183.39) 265.2 Total nonoperating revenues (expenses)(12,526,472.12) (3,213,950.00) (9,312,522.12) (289.8) Transfers In - - - N/A Transfers Out (236,100.00) (512,650.00) 276,550.00 (53.9) Net income (loss) 2,735,189.31$ 1,791,350.00$ 943,839.31$ 52.7 1 Unaudited YTD as of : YTD Variance Actual1 19 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING December 31, 2020 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 510,405 325,820 64% $1,411,396 RCTC 452,710 325,820 72% $1,439,752 I -15 194,314 141,468 73% $566,953 McKinley 258,396 184,352 71% $872,799 Eastbound OCTA 572,342 346,297 61% $2,126,499 RCTC 460,615 346,297 75% $1,704,398 I -15 180,465 143,059 79% $489,428 McKinley 280,150 203,238 73% $1,214,970 20 JOINT AGENCY PERFORMANCE MEASURES JOINT AGENCY TRANSPONDER DISTRIBUTION Dec-20 Performance CUSTOMER SERVICE Call Wait Time Monthly Not to exceed 2 minutes 1:52 Abandon Rate Monthly No more than 4.0% 2.6% Customer Satisfaction Monthly At least 75 outbound calls 77 VIOLATION PROCESSING Response Time Monthly Within 2 business days of receipt 0.6 CUSA Violation Collection Rate Quarterly 70% or more -22% CUSA Violation Collection Rate Annually 74% or more -5% TRAFFIC OPERATIONS Initial & Secondary Reviews Monthly Equal to or less than 15 days 1.1 * Plate Misread Errors Monthly Equal to or less than 0.4% 0.02% CAS Response Time Monthly 0:20 (minutes) per call 0:08 ACCOUNTING Monthly No more than 3 0 Monthly No more than 3 0 INFORMATION TECHNOLOGY Back-office System Uptime Monthly 99% Availability 100% Network Uptime Monthly 99% Availability 100% CUSA = Cofiroute USA; CAS = OCTA Customer Assistance Specialists REPORTING REQUIREMENT Reporting Period PERFORMANCE STANDARD OCTA Exceptions RCTC Exceptions * Plate Misread Error performance is current after a 60-day hold-back period; therefore, percentage reported here is for 2 months prior to the month of this report. Tags % of T otal T ags % of T otal Issued To New Accounts 495 95.6% 577 97.3% 508 96.3% Additional Tags to Existing Accounts 15 2.9% 10 1.7% 12 2.3% Replacement Transponders 8 1.5% 6 1.0% 8 1.4% Total Issued 518 593 528 Returned Account Closures 44 2.6% 80 1.9% 7 0.4% Accounts Downsizing 33 2.0% 0 0.0% Defective Transponders 1,589 95.4% 4,155 98.1% 1,667 99.6% Total Returned 1,666 4,235 1,674 FY 2020-21T21 TRANSPONDER DISTRIBUTION December-20 November-20 Average To-Date Tags % of T otal T ags % of T otal Issued To New Accounts 18,918 99.8% 20,533 99.9% 8,518 99.8% Additional Tags to Existing Accounts 31 0.2% 14 0.1% 12 0.1% Replacement Transponders 0 0.0% 0 0.0% 2 0.0% Total Issued 18,949 20,547 8,533 Returned Account Closures Accounts Downsizing Defective Transponders Total Returned 6C TRANSPONDER DISTRIBUTION December-20 November-20 FY 2020-21 Average To-Date 21 At the end of December 2020, the 91 Express Lanes had 150,608 active customer accounts and 407,031 transponders classified as assigned. Number of Accounts by FY As of December 31, 2020 Incoming Email Activity During December, the Anaheim Processing Center received 2,971 emails. Operational Activity Amid concerns about the spread of COVID-19 and following the G help reduce its spread, the 91 Express Lanes Customer Walk-In Center was closed in March 2020 and will remain so until further notice. Operational activities in the Anaheim and Corona locations continued to function with a combination of remote workers and core staff located at the facilities. Core essential functions include aiding stranded motorists, providing incident management services, and dispatching emergency vehicles through the traffic operations center. The call center remains open to respond to customer service and violation calls. Orange County Transportation Authority Riverside County Transportation Commission Status Report January 2021 As of January 31, 2021 ATTACHMENT E 2 Table of Contents Operations Overview OCTA ....................................................................................................... 3 Traffic and Revenue Statistics for OCTA .................................................................................... 3 OCTA Traffic and Revenue Summary ........................................................................................ 5 OCTA Eastbound Peak-Hour Volumes ...................................................................................... 6 OCTA Westbound Peak-Hour Volumes ..................................................................................... 7 OCTA Operational Highlights ..................................................................................................... 8 Financial Highlights OCTA ......................................................................................................... 9 Operations Overview RCTC ....................................................................................................... 9 Traffic and Revenue Statistics for RCTC ...................................................................................10 RCTC Traffic and Revenue Summary .......................................................................................12 RCTC Peak-Hour Volumes .......................................................................................................13 RCTC Eastbound Peak-Hour Volumes .....................................................................................13 RCTC Westbound Peak-Hour Volumes ....................................................................................15 RCTC Operational Highlights ....................................................................................................17 Financial Highlights RCTC ........................................................................................................18 Joint Agency Trip and Revenue Statistics .................................................................................19 Joint Agency Traffic Statistics ...................................................................................................19 Joint Agency Performance Measures ........................................................................................20 Joint Agency Transponder Distribution ......................................................................................20 Incoming Email Activity .............................................................................................................21 Operational Activity ...................................................................................................................21 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for January 2021 was 1,006,122. This represents a daily average of 32,456 vehicles. This is a 30.4 percent decrease in total traffic volume from the same period last year, which totaled 1,446,341. Potential toll revenue for January was $3,324,112, which represents a decrease of 27 percent from compared to the p coronavirus (COVID- residents to stay at home and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of January 2021. Current Month-to-Date (MTD) as of January 31, 2021 Trips Jan-21 MTD Actual Jan-20 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 793,293 1,089,159 (27.2%) 3+ Lanes 212,829 357,182 (40.4%) Total Gross Trips 1,006,122 1,446,341 (30.4%) Revenue Full Toll Lanes $3,282,650 $4,482,172 (26.8%) 3+ Lanes $41,462 $71,325 (41.9%) Total Gross Revenue $3,324,112 $4,553,497 (27.0%) Average Revenue per Trip Average Full Toll Lanes $4.14 $4.12 0.5% Average 3+ Lanes $0.19 $0.20 (5.0%) Average Gross Revenue $3.30 $3.15 4.8% 4 The 2021 fiscal year-to-date traffic volume decreased by 23.6 percent and potential toll revenue decreased by 18 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.26. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2020 through January 2021. Fiscal Year (FY) 2020-21 Year-to-Date as of January 31, 2021 Trips FY 2020-21 YTD Actual FY 2019-20 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 6,224,784 7,715,246 (19.3%) 3+ Lanes 1,738,589 2,702,816 (35.7%) Total Gross Trips 7,963,373 10,418,062 (23.6%) Revenue Full Toll Lanes $25,581,393 $31,129,718 (17.8%) 3+ Lanes $343,611 $486,709 (29.4%) Total Gross Revenue $25,925,004 $31,616,427 (18.0%) Average Revenue per Trip Average Full Toll Lanes $4.11 $4.03 2.0% Average 3+ Lanes $0.20 $0.18 11.1% Average Gross Revenue $3.26 $3.03 7.6% 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2020-21 on a monthly basis. 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound direction reached or exceeded 90 percent of defined capacity six times during the month of January 2021. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 68 percent of defined capacity. PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 257 626 18% 1500 - 1600 $5.15 273 661 19% 1600 - 1700 $5.15 245 626 18% 1700 - 1800 $5.15 305 622 18% 1800 - 1900 $5.15 247 542 16% 1900 - 2000 $4.65 219 447 13% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 328 2,205 65% $5.15 313 2,473 73% $5.15 334 2,437 72% $6.95 328 2,645 78% $8.10 478 2,783 82% 1500 - 1600 $5.50 428 2,835 83% $5.25 419 2,617 77% $7.25 480 2,782 82% $7.25 474 2,763 81%$7.65 525 3,180 94% 1600 - 1700 $4.85 293 2,484 73% $5.00 330 2,790 82% $7.00 324 2,706 80% $6.80 392 3,040 89% $7.95 301 2,155 63% 1700 - 1800 $4.80 336 2,401 71% $4.90 371 2,544 75% $5.90 375 2,397 71% $7.20 362 2,160 64% $6.55 399 2,458 72% 1800 - 1900 $5.50 314 1,368 40% $3.95 343 1,648 48% $3.95 339 1,596 47% $4.35 354 1,679 49% $6.55 440 1,912 56% 1900 - 2000 $3.85 197 715 21% $3.85 222 811 24% $3.85 229 838 25% $5.60 206 832 24% $6.05 333 1,122 33% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 256 1,932 57% $5.15 321 2,512 74% $5.15 342 2,493 73% $6.95 369 2,829 83% $8.10 504 2,894 85% 1500 - 1600 $5.50 396 2,731 80% $5.25 431 2,769 81% $7.25 455 2,844 84% $7.25 486 2,733 80%$7.65 549 3,187 94% 1600 - 1700 $4.85 343 3,018 89% $5.00 293 2,598 76% $7.00 295 2,609 77%$6.80 334 3,056 90%$7.95 373 2,358 69% 1700 - 1800 $4.80 313 2,454 72% $4.90 354 2,568 76% $5.90 387 2,611 77% $7.20 346 2,287 67% $6.55 456 2,825 83% 1800 - 1900 $5.50 288 1,503 44% $3.95 310 1,589 47% $3.95 346 1,771 52% $4.35 408 2,043 60% $6.55 507 2,138 63% 1900 - 2000 $3.85 181 742 22% $3.85 198 762 22% $3.85 206 817 24% $5.60 255 968 28% $6.05 438 1,663 49% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 418 2,254 66% $5.15 355 2,622 77% $5.15 302 2,537 75% $6.95 388 2,742 81% $8.10 498 2,973 87% 1500 - 1600 $5.50 550 2,783 82% $5.25 388 2,603 77% $7.25 435 2,793 82% $7.25 489 2,819 83%$7.65 509 3,342 98% 1600 - 1700 $4.85 373 2,529 74% $5.00 298 2,866 84% $7.00 280 2,612 77%$6.80 345 3,153 93%$7.95 385 2,455 72% 1700 - 1800 $4.80 423 2,342 69% $4.90 354 2,569 76% $5.90 394 2,615 77% $7.20 355 2,294 67% $6.55 294 1,606 47% 1800 - 1900 $5.50 462 1,691 50% $3.95 353 1,773 52% $3.95 419 1,934 57% $4.35 419 2,266 67% $6.55 394 1,692 50% 1900 - 2000 $3.85 335 1,215 36% $3.85 214 799 24% $3.85 236 900 26% $5.60 287 1,152 34% $6.05 383 1,478 43% PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.15 291 2,022 59% $5.15 287 2,435 72% $5.15 310 2,717 80% $6.95 376 2,937 86% $8.10 391 2,417 71% 1500 - 1600 $5.50 385 2,831 83% $5.25 428 2,783 82% $7.25 444 2,813 83% $7.25 435 2,648 78% $7.65 371 2,558 75% 1600 - 1700 $4.85 264 2,516 74% $5.00 279 2,898 85% $7.00 287 2,804 82%$6.80 345 3,174 93%$7.95 249 1,784 52% 1700 - 1800 $4.80 278 2,386 70% $4.90 396 2,817 83% $5.90 343 2,761 81% $7.20 343 2,439 72% $6.55 332 1,997 59% 1800 - 1900 $5.50 299 1,428 42% $3.95 372 1,999 59% $3.95 388 1,951 57% $4.35 407 2,078 61% $6.55 365 1,547 46% 1900 - 2000 $3.85 179 698 21% $3.85 236 969 29% $3.85 235 955 28% $5.60 246 935 28% $6.05 256 958 28% 01/27/21 Thursday 01/28/21 Friday 01/29/21Monday 01/25/21 Tuesday 01/26/21 Wednesday 01/20/21 Thursday 01/21/21 Friday 01/22/21Monday 01/18/21 Tuesday 01/19/21 Wednesday Thursday 01/07/21 Friday 01/08/21 Monday 01/11/21 Tuesday 01/12/21 Wednesday 01/13/21 Thursday 01/14/21 Friday 01/15/21 Thursday 12/31/20 Friday 01/01/21 Monday 01/04/21 Tuesday 01/05/21 Wednesday 01/06/21 Monday 12/28/20 Tuesday 12/29/20 Wednesday 12/30/20 7 OCTA WESTBOUND PEAK-HOUR VOLUMES AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $1.70 30 52 2% 0500 - 0600 $1.70 43 86 3% 0600 - 0700 $1.70 18 68 2% 0700 - 0800 $1.70 19 72 2% 0800 - 0900 $1.70 29 112 3% 0900 - 1000 $3.05 91 233 7% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 341 1,264 37% $3.05 323 1,242 37% $3.05 336 1,269 37% $3.05 314 1,167 34% $3.05 269 921 27% 0500 - 0600 $4.95 439 1,867 55% $4.95 506 2,163 64% $4.95 452 1,901 56% $4.95 515 1,986 58% $4.70 410 1,701 50% 0600 - 0700 $5.15 251 1,651 49% $5.15 233 1,370 40% $5.15 275 1,645 48% $5.15 245 1,511 44% $4.95 244 1,518 45% 0700 - 0800 $5.65 195 1,542 45% $5.65 216 1,663 49% $5.65 230 1,637 48% $5.65 212 1,590 47% $5.50 207 1,387 41% 0800 - 0900 $5.15 148 1,249 37% $5.15 146 1,242 37% $5.15 137 1,250 37% $5.15 112 1,310 39% $4.95 126 1,160 34% 0900 - 1000 $4.10 118 999 29% $4.10 122 1,059 31% $4.10 132 1,058 31% $4.10 117 1,163 34% $4.10 151 1,058 31% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 325 1,242 37% $3.05 324 1,190 35% $3.05 360 1,266 37% $3.05 336 1,331 39% $3.05 295 918 27% 0500 - 0600 $4.95 458 1,961 58% $4.95 540 2,222 65% $4.95 493 2,077 61% $4.95 539 2,251 66% $4.70 458 1,782 52% 0600 - 0700 $5.15 248 1,691 50% $5.15 281 1,625 48% $5.15 251 1,536 45% $5.15 264 1,617 48% $4.95 273 1,778 52% 0700 - 0800 $5.65 218 1,742 51% $5.65 249 1,792 53% $5.65 228 1,652 49% $5.65 217 1,730 51% $5.50 226 1,815 53% 0800 - 0900 $5.15 127 1,273 37% $5.15 115 1,429 42% $5.15 116 1,404 41% $5.15 117 1,344 40% $4.95 144 1,504 44% 0900 - 1000 $4.10 93 918 27% $4.10 113 1,137 33% $4.10 129 1,122 33% $4.10 127 1,103 32% $4.10 139 1,038 31% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 305 1,000 29% $3.05 330 1,153 34% $3.05 351 1,238 36% $3.05 347 1,181 35% $3.05 269 908 27% 0500 - 0600 $4.95 381 1,560 46% $4.95 542 2,297 68% $4.95 520 2,112 62% $4.95 542 2,107 62% $4.70 454 1,853 55% 0600 - 0700 $5.15 203 1,357 40% $5.15 253 1,563 46% $5.15 285 1,630 48% $5.15 302 1,723 51% $4.95 286 1,812 53% 0700 - 0800 $5.65 144 1,175 35% $5.65 240 1,875 55% $5.65 220 1,635 48% $5.65 255 1,856 55% $5.50 237 1,731 51% 0800 - 0900 $5.15 160 1,152 34% $5.15 144 1,612 47% $5.15 112 1,253 37% $5.15 141 1,713 50% $4.95 128 1,335 39% 0900 - 1000 $4.10 243 1,194 35% $4.10 117 1,203 35% $4.10 110 1,046 31% $4.10 153 1,897 56% $4.10 116 1,081 32% AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.05 406 1,481 44% $3.05 361 1,241 37% $3.05 365 1,246 37% $3.05 337 1,210 36% $3.05 228 802 24% 0500 - 0600 $4.95 545 2,259 66% $4.95 521 2,245 66% $4.95 495 2,099 62% $4.95 496 1,998 59% $4.70 330 1,300 38% 0600 - 0700 $5.15 233 1,713 50% $5.15 258 1,536 45% $5.15 265 1,641 48% $5.15 261 1,625 48% $4.95 244 1,498 44% 0700 - 0800 $5.65 237 1,811 53% $5.65 221 1,814 53% $5.65 235 1,844 54% $5.65 218 1,721 51% $5.50 202 1,473 43% 0800 - 0900 $5.15 132 1,590 47% $5.15 124 1,585 47% $5.15 107 1,515 45% $5.15 120 1,333 39% $4.95 148 1,531 45% 0900 - 1000 $4.10 108 1,101 32% $4.10 105 1,174 35% $4.10 110 1,140 34% $4.10 104 1,327 39% $4.10 110 1,036 30% Monday 01/25/21 Tuesday 01/26/21 Wednesday 01/27/21 Thursday 01/14/21 Friday 01/15/21 01/20/21 Thursday 01/28/21 Friday 01/29/21 Thursday 01/21/21 Friday 01/22/21 01/13/21 Monday 01/18/21 Tuesday 01/19/21 Wednesday Monday 01/11/21 Tuesday 01/12/21 Wednesday 01/06/21 Thursday 01/07/21 Friday 01/08/21Monday 01/04/21 Tuesday 01/05/21 Wednesday 12/30/20 Thursday 12/31/20 Friday 01/01/21Monday 12/28/20 Tuesday 12/29/20 Wednesday 8 OCTA OPERATIONAL HIGHLIGHTS On-Road Operations OCTA customer assistance specialists (CAS) responded to 83 calls during the month of January. Of those calls, 55 were to assist disabled vehicles and 13 calls to remove debris. The CAS provided assistance to 15 accidents in the Express Lanes with eight of those accidents originating in the State Route 91 general purpose lanes. 9 FINANCIAL HIGHLIGHTS OCTA Capital Asset Activity During the seven months ending January 31, 2021, capital asset activities included $11,453 for the replacement of the air-conditioning units for the eastbound toll plaza. 10 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for January 2021 was 845,056. This represents a daily average of 27,260 vehicles. This is a 33.2 percent decrease in total traffic volume from the same period last year, which totaled 1,265,369. Potential toll revenue for January was $2,897,557, which represents a decrease of 50.3 percent from COVID-orders for residents to self-quarantine and refrain from non-essential travel. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of January 2021. Current Month-to-Date as of January 31, 2021 Trips JAN-21 MTD Actual Stantec MTD Projected # Variance % Variance JAN-20 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 673,879 955,829 (281,950) (29.5%)973,936 (30.8%) 3+ Lanes 171,177 308,829 (137,652) (44.6%)291,433 (41.3%) Total Gross Trips 845,056 1,264,657 (419,601) (33.2%)1,265,369 (33.2%) Revenue Full Toll Lanes $2,867,125 $4,164,171 ($1,297,046) (31.1%)$5,789,888 (50.5%) 3+ Lanes $30,432 $0 $30,432 $37,514 (18.9%) Total Gross Revenue $2,897,557 $4,164,171 ($1,266,615) (30.4%)$5,827,403 (50.3%) Average Revenue per Trip Average Full Toll Lanes $4.25 $4.36 ($0.11) (2.5%)$5.94 (28.5%) Average 3+ Lanes $0.18 $0.00 $0.18 $0.13 38.5% Average Gross Revenue $3.43 $3.29 $0.14 4.3% $4.61 (25.6%) 11 The 2021 fiscal year-to-date traffic volume decreased by 26.5 percent and potential toll revenue decreased by 41.4 percent, when compared with the same period last year. Year-to-date average revenue per-trip is $3.40. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2020 through January 2021. FY 2020-21 Year-to-Date as of January 31, 2021 Trips FY 2020-21 YTD Actual Stantec YTD Projected # Variance % Variance FY 2019-20 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 5,325,250 7,024,514 (1,699,264) (24.2%)6,942,948 (23.3%) 3+ Lanes 1,392,469 2,285,171 (892,702) (39.1%)2,199,852 (36.7%) Total Gross Trips 6,717,719 9,309,686 (2,591,967) (27.8%)9,142,800 (26.5%) Revenue Full Toll Lanes $22,627,133 $29,955,971 ($7,328,839) (24.5%)$38,779,965 (41.7%) 3+ Lanes $244,494 $0 $244,494 $253,813 (3.7%) Total Gross Revenue $22,871,627 $29,955,971 ($7,084,344) (23.6%)$39,033,778 (41.4%) Average Revenue per Trip Average Full Toll Lanes $4.25 $4.26 ($0.01) (0.2%)$5.59 (24.0%) Average 3+ Lanes $0.18 $0.00 $0.18 $0.12 50.0% Average Gross Revenue $3.40 $3.22 $0.18 5.6% $4.27 (20.4%) 12 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2020-21 on a monthly basis. 13 RCTC PEAK-HOUR VOLUMES In January, there were no toll rates adjusted in response to traffic volumes. Traffic volumes are being reviewed regularly, and a plan is in place to monitor traffic volumes and adjust toll rates until traffic returns to pre-COVID-19 volumes. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $1.55 154 214 368 A 1500 - 1600 $1.55 120 199 319 A 1600 - 1700 $1.55 108 202 310 A 1700 - 1800 $1.55 114 161 275 A 1800 - 1900 $1.55 121 141 262 A 1900 - 2000 $1.55 101 111 212 A PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 189 809 998 C $5.30 176 840 1,016 D $7.95 185 892 1,077 D $10.95 179 926 1,105 D $20.95 263 967 1,230 E 1500 - 1600 $8.95 212 919 1,131 D $9.95 195 945 1,140 D $13.95 193 939 1,132 D $13.95 234 935 1,169 D $22.95 256 1,039 1,295 E 1600 - 1700 $6.95 116 842 958 C $6.95 158 934 1,092 D $6.95 173 980 1,153 D $7.95 172 1,074 1,246 E $12.95 160 846 1,006 D 1700 - 1800 $5.30 170 733 903 C $5.30 160 786 946 C $5.30 157 786 943 C $5.30 136 783 919 C $7.95 196 824 1,020 D 1800 - 1900 $4.20 112 418 530 B $4.20 151 519 670 B $5.30 141 511 652 B $5.30 142 600 742 B $5.30 209 698 907 C 1900 - 2000 $2.25 90 191 281 A $2.25 88 236 324 A $2.25 91 227 318 A $2.25 90 247 337 A $2.25 133 400 533 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 117 754 871 C $5.30 183 953 1,136 D $7.95 194 849 1,043 D $10.95 201 1,044 1,245 E $20.95 310 1,110 1,420 F 1500 - 1600 $8.95 213 955 1,168 D $9.95 212 896 1,108 D $13.95 209 992 1,201 E $13.95 248 954 1,202 E $22.95 322 1,043 1,365 F 1600 - 1700 $6.95 147 1,071 1,218 E $6.95 143 897 1,040 D $6.95 146 952 1,098 D $7.95 165 1,161 1,326 F $12.95 240 1,006 1,246 E 1700 - 1800 $5.30 120 844 964 C $5.30 148 812 960 C $5.30 180 862 1,042 D $5.30 146 897 1,043 D $7.95 253 1,060 1,313 F 1800 - 1900 $4.20 110 498 608 B $4.20 130 469 599 B $5.30 131 582 713 B $5.30 164 702 866 C $5.30 267 820 1,087 D 1900 - 2000 $2.25 80 203 283 A $2.25 73 248 321 A $2.25 85 252 337 A $2.25 118 368 486 B $2.25 231 600 831 C PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 219 782 1,001 D $5.30 190 924 1,114 D $7.95 164 926 1,090 D $10.95 202 951 1,153 D $20.95 313 1,019 1,332 F 1500 - 1600 $8.95 305 925 1,230 E $9.95 217 881 1,098 D $13.95 225 931 1,156 D $13.95 243 959 1,202 E $22.95 284 1,109 1,393 F 1600 - 1700 $6.95 214 958 1,172 D $6.95 160 951 1,111 D $6.95 160 917 1,077 D $7.95 196 1,085 1,281 E $12.95 189 975 1,164 D 1700 - 1800 $5.30 225 792 1,017 D $5.30 164 781 945 C $5.30 172 855 1,027 D $5.30 182 844 1,026 D $7.95 171 733 904 C 1800 - 1900 $4.20 240 630 870 C $4.20 158 536 694 B $5.30 193 588 781 B $5.30 205 748 953 C $5.30 233 789 1,022 D 1900 - 2000 $2.25 178 597 775 B $2.25 84 214 298 A $2.25 107 254 361 A $2.25 137 374 511 B $2.25 193 553 746 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 148 652 800 B $5.30 166 871 1,037 D $7.95 155 975 1,130 D $10.95 211 1,112 1,323 F $20.95 222 815 1,037 D 1500 - 1600 $8.95 166 897 1,063 D $9.95 204 871 1,075 D $13.95 201 914 1,115 D $13.95 240 915 1,155 D $22.95 194 830 1,024 D 1600 - 1700 $6.95 143 801 944 C $6.95 143 980 1,123 D $6.95 145 1,022 1,167 D $7.95 184 1,159 1,343 F $12.95 137 610 747 B 1700 - 1800 $5.30 99 666 765 B $5.30 170 911 1,081 D $5.30 140 918 1,058 D $5.30 148 903 1,051 D $7.95 146 656 802 C 1800 - 1900 $4.20 115 379 494 B $4.20 164 638 802 C $5.30 161 636 797 B $5.30 166 717 883 C $5.30 211 639 850 C 1900 - 2000 $2.25 53 204 257 A $2.25 95 299 394 A $2.25 89 296 385 A $2.25 89 330 419 B $2.25 66 181 247 A Wednesday 01/27/21 Friday 01/22/21 Thursday 01/28/21 Friday 01/29/21 01/11/21 Tuesday 01/12/21 Monday 01/25/21 Tuesday 01/26/21 Thursday 01/21/21 12/28/20 Tuesday 12/29/20 Thursday Monday 01/18/21 Tuesday 01/19/21 Wednesday 01/20/21 Wednesday 01/13/21 Thursday 01/14/21 Friday 01/15/21Monday 01/07/21 Friday 01/08/21Monday 01/04/21 Tuesday 01/05/21 Wednesday 01/06/21 Wednesday 12/30/20 Thursday 12/31/20 Friday 01/01/21Monday 14 Eastbound PM Peak - County Line to I-15 South PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $1.95 62 123 185 A 1500 - 1600 $1.95 73 136 209 A 1600 - 1700 $1.95 68 123 191 A 1700 - 1800 $1.95 98 120 218 A 1800 - 1900 $1.95 78 108 186 A 1900 - 2000 $1.95 70 73 143 A PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 86 564 650 B $5.30 87 680 767 B $5.30 102 644 746 B $5.30 103 688 791 B $5.30 125 715 840 C 1500 - 1600 $5.30 121 717 838 C $5.30 118 730 848 C $5.30 130 735 865 C $5.30 145 747 892 C $5.30 156 830 986 C 1600 - 1700 $2.95 92 610 702 B $5.30 83 707 790 B $5.30 91 709 800 B $5.30 93 765 858 C $2.95 86 591 677 B 1700 - 1800 $2.95 70 592 662 B $2.95 99 636 735 B $2.95 96 612 708 B $5.30 85 587 672 B $2.95 116 597 713 B 1800 - 1900 $2.95 77 317 394 A $2.95 87 401 488 B $2.95 89 383 472 B $2.95 91 439 530 B $2.95 119 495 614 B 1900 - 2000 $1.95 49 175 224 A $1.95 61 190 251 A $2.95 67 220 287 A $2.95 48 214 262 A $2.95 73 258 331 A PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 79 472 551 B $5.30 101 658 759 B $5.30 94 637 731 B $5.30 104 731 835 C $5.30 132 701 833 C 1500 - 1600 $5.30 106 764 870 C $5.30 109 750 859 C $5.30 121 756 877 C $5.30 120 742 862 C $5.30 168 840 1,008 D 1600 - 1700 $2.95 87 769 856 C $5.30 72 687 759 B $5.30 76 681 757 B $5.30 81 753 834 C $2.95 98 607 705 B 1700 - 1800 $2.95 69 673 742 B $2.95 82 656 738 B $2.95 87 669 756 B $5.30 75 618 693 B $2.95 126 710 836 C 1800 - 1900 $2.95 87 388 475 B $2.95 73 437 510 B $2.95 79 494 573 B $2.95 82 523 605 B $2.95 153 552 705 B 1900 - 2000 $1.95 44 202 246 A $1.95 46 176 222 A $2.95 44 190 234 A $2.95 64 253 317 A $2.95 107 388 495 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 124 543 667 B $5.30 97 663 760 B $5.30 78 654 732 B $5.30 109 720 829 C $5.30 126 794 920 C 1500 - 1600 $5.30 165 693 858 C $5.30 105 721 826 C $5.30 97 758 855 C $5.30 125 771 896 C $5.30 137 861 998 C 1600 - 1700 $2.95 111 625 736 B $5.30 88 747 835 C $5.30 85 664 749 B $5.30 101 818 919 C $2.95 97 677 774 B 1700 - 1800 $2.95 135 580 715 B $2.95 103 649 752 B $2.95 100 661 761 B $5.30 87 603 690 B $2.95 65 452 517 B 1800 - 1900 $2.95 122 397 519 B $2.95 106 432 538 B $2.95 103 497 600 B $2.95 122 559 681 B $2.95 120 530 650 B 1900 - 2000 $1.95 95 357 452 B $1.95 44 192 236 A $2.95 60 227 287 A $2.95 85 293 378 A $2.95 101 412 513 B PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol.LOS 1400 - 1500 $5.30 74 514 588 B $5.30 85 653 738 B $5.30 94 730 824 C $5.30 124 770 894 C $5.30 103 634 737 B 1500 - 1600 $5.30 98 748 846 C $5.30 139 763 902 C $5.30 128 781 909 C $5.30 113 731 844 C $5.30 113 656 769 B 1600 - 1700 $2.95 74 687 761 B $5.30 77 760 837 C $5.30 67 748 815 C $5.30 85 864 949 C $2.95 54 455 509 B 1700 - 1800 $2.95 71 604 675 B $2.95 89 731 820 C $2.95 89 748 837 C $5.30 71 652 723 B $2.95 89 448 537 B 1800 - 1900 $2.95 68 334 402 B $2.95 84 520 604 B $2.95 98 514 612 B $2.95 81 530 611 B $2.95 38 131 169 A 1900 - 2000 $1.95 44 200 244 A $1.95 74 242 316 A $2.95 59 251 310 A $2.95 55 244 299 A $2.95 1 0 1 A Thursday 01/28/21 Friday 01/29/21Monday 01/25/21 Tuesday 01/26/21 Wednesday 01/27/21 Wednesday 01/20/21 Thursday 01/21/21 Friday 01/22/21Monday 01/18/21 Tuesday 01/19/21 Thursday 01/14/21 Friday 01/15/21Monday 01/11/21 Tuesday 01/12/21 Wednesday 01/13/21 Wednesday 01/06/21 Thursday 01/07/21 Friday 01/08/21Monday 01/04/21 Tuesday 01/05/21 Monday 12/28/20 Tuesday 12/29/20 Wednesday 12/30/20 Thursday 12/31/20 Friday 01/01/21 15 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $1.55 5 6 11 A 0500 - 0600 $1.55 13 14 27 A 0600 - 0700 $1.55 5 20 25 A 0700 - 0800 $1.55 11 26 37 A 0800 - 0900 $1.55 15 42 57 A 0900 - 1000 $1.55 48 69 117 A AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 137 561 698 B $5.30 145 546 691 B $5.30 141 563 704 B $5.30 141 540 681 B $2.25 109 303 412 B 0500 - 0600 $9.95 225 738 963 C $9.95 267 1,131 1,398 F $9.95 222 928 1,150 D $9.95 259 831 1,090 D $6.95 205 719 924 C 0600 - 0700 $9.95 139 766 905 C $10.95 125 369 494 B $10.95 157 613 770 B $10.95 143 551 694 B $6.95 141 807 948 C 0700 - 0800 $6.95 131 807 938 C $6.95 131 792 923 C $6.95 126 796 922 C $6.95 124 757 881 C $5.30 114 681 795 B 0800 - 0900 $5.30 76 573 649 B $5.30 86 564 650 B $5.30 62 545 607 B $5.30 57 553 610 B $2.25 64 517 581 B 0900 - 1000 $5.30 59 407 466 B $5.30 53 447 500 B $5.30 52 388 440 B $5.30 63 433 496 B $2.25 63 370 433 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 138 528 666 B $5.30 147 518 665 B $5.30 158 574 732 B $5.30 143 560 703 B $2.25 137 282 419 B 0500 - 0600 $9.95 253 805 1,058 D $9.95 328 1,206 1,534 F $9.95 257 970 1,227 E $9.95 247 1,006 1,253 E $6.95 249 758 1,007 D 0600 - 0700 $9.95 135 790 925 C $10.95 129 389 518 B $10.95 160 512 672 B $10.95 156 584 740 B $6.95 177 947 1,124 D 0700 - 0800 $6.95 127 797 924 C $6.95 135 885 1,020 D $6.95 124 812 936 C $6.95 110 892 1,002 D $5.30 151 1,012 1,163 D 0800 - 0900 $5.30 77 541 618 B $5.30 74 586 660 B $5.30 51 637 688 B $5.30 64 547 611 B $2.25 80 584 664 B 0900 - 1000 $5.30 51 409 460 B $5.30 61 453 514 B $5.30 67 416 483 B $5.30 73 426 499 B $2.25 83 383 466 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 138 429 567 B $5.30 143 399 542 B $5.30 169 563 732 B $5.30 151 528 679 B $2.25 121 309 430 B 0500 - 0600 $9.95 221 589 810 C $9.95 325 1,294 1,619 F $9.95 277 940 1,217 E $9.95 301 929 1,230 E $6.95 243 782 1,025 D 0600 - 0700 $9.95 113 606 719 B $10.95 141 423 564 B $10.95 199 587 786 B $10.95 201 641 842 C $6.95 177 982 1,159 D 0700 - 0800 $6.95 94 634 728 B $6.95 162 966 1,128 D $6.95 131 832 963 C $6.95 188 1,041 1,229 E $5.30 142 858 1,000 C 0800 - 0900 $5.30 97 482 579 B $5.30 99 670 769 B $5.30 69 571 640 B $5.30 84 743 827 C $2.25 77 544 621 B 0900 - 1000 $5.30 133 453 586 B $5.30 65 436 501 B $5.30 76 395 471 B $5.30 81 658 739 B $2.25 67 480 547 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $5.30 171 560 731 B $5.30 156 501 657 B $5.30 151 551 702 B $5.30 168 552 720 B $2.25 97 250 347 A 0500 - 0600 $9.95 240 714 954 C $9.95 280 1,248 1,528 F $9.95 237 1,043 1,280 E $9.95 244 911 1,155 D $6.95 143 500 643 B 0600 - 0700 $9.95 117 782 899 C $10.95 145 401 546 B $10.95 161 559 720 B $10.95 136 599 735 B $6.95 117 652 769 B 0700 - 0800 $6.95 149 977 1,126 D $6.95 133 923 1,056 D $6.95 153 925 1,078 D $6.95 134 853 987 C $5.30 89 698 787 B 0800 - 0900 $5.30 68 672 740 B $5.30 69 651 720 B $5.30 56 618 674 B $5.30 66 574 640 B $2.25 57 540 597 B 0900 - 1000 $5.30 46 455 501 B $5.30 57 451 508 B $5.30 64 409 473 B $5.30 66 582 648 B $2.25 63 385 448 B Wednesday 01/27/21 Friday 01/22/21 Thursday 01/28/21 Friday 01/29/21 01/11/21 Tuesday 01/12/21 Monday 01/25/21 Tuesday 01/26/21 Thursday 01/21/21 12/28/20 Tuesday 12/29/20 Thursday Monday 01/18/21 Tuesday 01/19/21 Wednesday 01/20/21 Wednesday 01/13/21 Thursday 01/14/21 Friday 01/15/21Monday 01/07/21 Friday 01/08/21Monday 01/04/21 Tuesday 01/05/21 Wednesday 01/06/21 Wednesday 12/30/20 Thursday 12/31/20 Friday 01/01/21Monday 16 Westbound AM Peak - I-15 North to County Line AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $1.95 18 15 33 A 0500 - 0600 $1.95 24 27 51 A 0600 - 0700 $1.95 6 28 34 A 0700 - 0800 $1.95 6 21 27 A 0800 - 0900 $1.95 13 49 62 A 0900 - 1000 $1.95 29 60 89 A AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 99 352 451 B $2.95 91 320 411 B $2.95 76 362 438 B $2.95 91 290 381 A $2.95 68 296 364 A 0500 - 0600 $6.85 130 676 806 C $6.85 137 662 799 B $6.85 121 633 754 B $6.85 158 651 809 C $5.30 112 559 671 B 0600 - 0700 $6.85 99 771 870 C $6.85 102 756 858 C $6.85 107 758 865 C $6.85 90 758 848 C $5.30 83 645 728 B 0700 - 0800 $6.85 66 662 728 B $6.85 77 733 810 C $6.85 78 626 704 B $6.85 71 683 754 B $2.95 64 560 624 B 0800 - 0900 $2.95 44 548 592 B $2.95 42 553 595 B $2.95 57 575 632 B $2.95 38 542 580 B $2.95 39 481 520 B 0900 - 1000 $2.95 42 378 420 B $2.95 54 402 456 B $2.95 63 416 479 B $2.95 50 440 490 B $2.95 71 403 474 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 87 367 454 B $2.95 94 320 414 B $2.95 97 322 419 B $2.95 83 333 416 B $2.95 78 269 347 A 0500 - 0600 $6.85 139 677 816 C $6.85 144 592 736 B $6.85 140 711 851 C $6.85 148 733 881 C $5.30 146 607 753 B 0600 - 0700 $6.85 99 786 885 C $6.85 135 938 1,073 D $6.85 92 795 887 C $6.85 99 828 927 C $5.30 104 731 835 C 0700 - 0800 $6.85 75 707 782 B $6.85 82 713 795 B $6.85 78 701 779 B $6.85 77 687 764 B $2.95 84 674 758 B 0800 - 0900 $2.95 39 600 639 B $2.95 43 625 668 B $2.95 51 576 627 B $2.95 49 600 649 B $2.95 52 578 630 B 0900 - 1000 $2.95 36 344 380 A $2.95 41 423 464 B $2.95 36 424 460 B $2.95 43 419 462 B $2.95 47 389 436 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 88 264 352 A $2.95 101 341 442 B $2.95 99 315 414 B $2.95 98 303 401 B $2.95 65 269 334 A 0500 - 0600 $6.85 107 556 663 B $6.85 163 682 845 C $6.85 169 705 874 C $6.85 169 696 865 C $5.30 126 654 780 B 0600 - 0700 $6.85 105 612 717 B $6.85 123 877 1,000 C $6.85 106 773 879 C $6.85 124 860 984 C $5.30 95 742 837 C 0700 - 0800 $6.85 56 462 518 B $6.85 73 749 822 C $6.85 86 635 721 B $6.85 86 751 837 C $2.95 78 630 708 B 0800 - 0900 $2.95 48 445 493 B $2.95 60 633 693 B $2.95 50 548 598 B $2.95 55 669 724 B $2.95 55 523 578 B 0900 - 1000 $2.95 87 349 436 B $2.95 41 449 490 B $2.95 25 380 405 B $2.95 58 505 563 B $2.95 48 419 467 B AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.95 103 369 472 B $2.95 83 345 428 B $2.95 86 312 398 A $2.95 88 313 401 B $2.95 47 256 303 A 0500 - 0600 $6.85 170 707 877 C $6.85 134 726 860 C $6.85 149 707 856 C $6.85 120 654 774 B $5.30 84 452 536 B 0600 - 0700 $6.85 91 835 926 C $6.85 112 871 983 C $6.85 95 835 930 C $6.85 110 790 900 C $5.30 63 590 653 B 0700 - 0800 $6.85 68 756 824 C $6.85 65 762 827 C $6.85 79 733 812 C $6.85 73 711 784 B $2.95 73 601 674 B 0800 - 0900 $2.95 45 644 689 B $2.95 60 683 743 B $2.95 47 666 713 B $2.95 42 566 608 B $2.95 34 500 534 B 0900 - 1000 $2.95 47 428 475 B $2.95 42 470 512 B $2.95 43 523 566 B $2.95 46 483 529 B $2.95 38 383 421 B Thursday 01/28/21 Friday 01/29/21Monday 01/25/21 Tuesday 01/26/21 Wednesday 01/27/21 Wednesday 01/20/21 Thursday 01/21/21 Friday 01/22/21Monday 01/18/21 Tuesday 01/19/21 Thursday 01/14/21 Friday 01/15/21Monday 01/11/21 Tuesday 01/12/21 Wednesday 01/13/21 Wednesday 01/06/21 Thursday 01/07/21 Friday 01/08/21Monday 01/04/21 Tuesday 01/05/21 Monday 12/28/20 Tuesday 12/29/20 Wednesday 12/30/20 Thursday 12/31/20 Friday 01/01/21 17 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 91 calls during the month of January. Of those calls, 54 were to assist disabled vehicles, 14 calls to remove debris, and 23 were in response to accidents in the Express Lanes. 18 FINANCIAL HIGHLIGHTS RCTC 19 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING January 31, 2021 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 481,862 304,294 63% $1,347,307 RCTC 422,682 304,294 72% $1,338,937 I -15 177,954 129,731 73% $525,588 McKinley 244,728 174,563 71% $813,349 Eastbound OCTA 524,260 315,046 60% $1,976,805 RCTC 422,374 315,046 75% $1,558,620 I -15 165,575 130,089 79% $452,527 McKinley 256,799 184,957 72% $1,106,093 20 JOINT AGENCY PERFORMANCE MEASURES JOINT AGENCY TRANSPONDER DISTRIBUTION Tags % of Total Tags % of Total Issued To New Accounts 442 97.1% 495 95.6% 633 96.5% Additional Tags to Existing Accounts 9 2.0% 15 2.9% 14 2.2% Replacement Transponders 4 0.9% 8 1.5% 9 1.3% Total Issued 455 518 656 Returned Account Closures 32 0.8% 44 2.6% 28 1.0% Accounts Downsizing 9 0.2% 33 2.0% 0 0.0% Defective Transponders 4,198 99.0% 1,589 95.4% 2,823 99.0% Total Returned 4,239 1,666 2,851 FY 2020-21T21 TRANSPONDER DISTRIBUTION January-21 December-20 Average To-Date Tags % of Total Tags % of Total Issued To New Accounts 14,802 99.9% 19,188 99.8% 15,974 99.8% Additional Tags to Existing Accounts 17 0.1% 31 0.2% 23 0.1% Replacement Transponders 0 0.0% 0 0.0% 2 0.0% Total Issued 14,819 19,219 15,999 Returned Account Closures Accounts Downsizing Defective Transponders Total Returned 6C TRANSPONDER DISTRIBUTION January-21 December-20 FY 2020-21 Average To-Date 21 At the end of January 2021, the 91 Express Lanes had 150,267 active customer accounts and 415,697 transponders classified as assigned. Number of Accounts by FY As of January 31, 2021 Incoming Email Activity During January, the Anaheim Processing Center received 3,039 emails. Operational Activity Amid concerns about the spread of COVID-19 and following the California Governor guidance to help reduce its spread, the 91 Express Lanes Customer Walk-In Center was closed in March 2020 and will remain so until further notice. Operational activities in the Anaheim and Corona locations continued to function with a combination of remote workers and core staff located at the facilities. Core essential functions include aiding stranded motorists, providing incident management services, and dispatching emergency vehicles through the traffic operations center. The call center remains open to respond to customer service and violation calls. Orange County Transportation Authority 550 South Main Street / P.O. Box 14184 / Orange / California 92863-1584 / (714) 560-OCTA (6282) -March 5, 2021 To: State Route 91 Advisory Committee From: Kirk Avila, General Manager, OCTA Subject: Orange County Transportation Authority Fiscal Year 2019-20 91 Express Lanes Fund Financial Statements Overview Crowe LLP, an independent accounting firm, has completed the annual audit of the Orange County Transportation Authority 91 Express Lanes financial statements for fiscal year 2019-20 opinion. A copy of the audited financial statements is attached for State Route 91 Advisory Committee review. Recommendation This item is for the Committee to receive and file Fiscal Year 2019-20 Orange County Transportation Authority 91 Express Lanes Fund audited financial statements. Background The Orange County Transportation Authority (OCTA) prepares the annual financial statements for the 91 Express Lanes Fund, which presents the results of operations during the preceding fiscal year (FY) and the financial position at year end. In addition, OCTA is required to obtain an independent audito pinion on the financial statements. The audit was conducted by Crowe LLP (Crowe), an independent accounting firm, to obtain reasonable assurance as to whether the financial statements are free of material misstatement. Discussion Crowe has completed its annual audit and has issued its opinion of the OCTA 91 Express Lanes financial statements for the FY ended June 30, 2020. The audits were conducted in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in the Government Auditing Standards, issued by the Comptroller General of the Orange County Transportation Authority Fiscal Year 2019-20 91 Express Lanes Fund Financial Statements Page 2 United States. The auditors have issued an unmodified opinion on the financial statements, indicating that the statements present fairly, in all material aspects, the financial position of the 91 Express Lanes Fund at June 30, 2020. A copy of the audited financial statements is included as Attachment A. Summary Crowe, an independent accounting firm, has audited the OCTA 91 Express Lanes financial statements and has issued its unmodified opinion as to the fair presentation on the financial statements. Attachment A. 91 Express Lanes Fund (An Enterprise Fund of the Orange County Transportation Authority) Financial Statements For the Year Ended June 30, 2020. ATTACHMENT A 91 Express Lanes Fund (An Enterprise Fund of the Orange County Transportation Authority) Financial Statements For the Year Ended June 30, 2020 Contents Independent Auditor's Report 1 Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 3 Management's Discussion and Analysis 5 Financial Statements: Statement of Net Position 10 Statement of Revenues, Expenses and Changes in Net Position 11 Statement of Cash Flows 12 Notes to the Financial Statements 14 Crowe LLP Independent Member Crowe Global 1 INDEPENDENT AUDITOR’S REPORT Board of Directors Orange County Transportation Authority Orange, California Report on the Financial Statements We have audited the accompanying financial statements of the 91 Express Lanes Fund (91 EL), a major enterprise fund of the Orange County Transportation Authority (OCTA), as of and for the year ended June 30, 2020 and the related notes to the financial statements, which collectively comprise the 91 EL’s financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 2 Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the 91 EL, a major enterprise fund of OCTA, as of June 30, 2020, and the changes in its financial position and its cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As discussed in Note 1, the financial statements present only the 91 EL and do not purport to, and do not, present fairly the financial position of OCTA as of June 30, 2020, the changes in its financial position, or, where applicable, its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Supplementary Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the 91 EL’s financial statements. The management’s discussion and analysis, as listed in the table of contents, is presented for purposes of additional analysis and is not a required part of the financial statements. The information has not been subjected to the auditing procedures applied in the audit of the financial statements and accordingly, we do not express an opinion or provide any assurance on it. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated November 16, 2020 on our consideration of OCTA’s internal control over financial reporting, as it relates to the 91 EL, and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of OCTA’s internal control over financial reporting or on compliance, as it relates to the 91 EL. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering OCTA’s internal control over financial reporting and compliance, as it relates to the 91 EL. Crowe LLP Costa Mesa, California November 16, 2020 Crowe LLP Independent Member Crowe Global 3 INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Directors Orange County Transportation Authority Orange, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the 91 Express Lanes Fund (91 EL), a major enterprise fund of the Orange County Transportation Authority (OCTA), as of and for the year ended June 30, 2020, and the related notes to the financial statements, which collectively comprise the 91 EL’s financial statements, and have issued our report thereon dated November 16, 2020. As discussed in Note 1, the financial statements present only the 91 EL and do not purport to, and do not, present fairly the financial position of OCTA, the changes in its financial position, or where applicable, its cash flows in conformity with accounting principles generally accepted in the United States of America. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered OCTA’s internal control over financial reporting and compliance (internal control), as it relates to the 91 EL, as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of OCTA’s internal control, as it relates to the 91 EL. Accordingly, we do not express an opinion on the effectiveness of OCTA’s internal control, as it relates to the 91 EL. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. 4 Compliance and Other Matters As part of obtaining reasonable assurance about whether the 91 EL’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Crowe LLP Costa Mesa, California November 16, 2020 91 Express Lanes Fund Management's Discussion and Analysis (unaudited) For the Year Ended June 30, 2020 As management of the 91 Express Lanes Fund (91 EL), an enterprise fund of the Orange County Transportation Authority, we offer readers of the 91 EL financial statements this narrative overview and analysis of the 91 EL's financial activities for the fiscal year ended June 30, 2020. We encourage readers to consider the information on financial performance presented in conjunction with the financial statements that begin on page 10. Financial Highlights a. At the end of fiscal year 2019-20, the total net position of the 91 EL was $264,320,837 and consisted of net investment in capital assets of $42,050,844; restricted net position of $14,446,979; and unrestricted net position of $207,823,014. Net position increased $15,413,888 during fiscal year 2019-20, which represents an increase of 6.2% from the fiscal year 2018-19 ending net position. The increase is primarily due to operating revenues in excess of operating expenses offset by bond interest expense. b. In fiscal year 2019-20, total operating revenues decreased by $13,254,991, which represents a 23.1% decrease from the fiscal year 2018-19. The decrease in operating revenue is primarily due to a decrease in trips due to the coronavirus (COVID-19) pandemic and state orders to refrain from non -essential travel. c. Total operating expenses decreased by $629,078, which represents a 3.4% decrease from fiscal year 2018-19, primarily due to a decrease in professional services related to collection fees. d. At the end of fiscal year 2019-20, transfers to other OCTA funds increased by $14,514,850 compared to fiscal year 2018-19. The increase in transfers to other OCTA funds is primarily related to State Route (SR) 91 improvement projects. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the 91 EL's financial statements. The financial statements are comprised of the fund financial statements and notes to the financial statements. The statement of net position presents information on all of the 91 EL's assets, deferred outflows of resources, deferred inflows of resources and liabilities, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the 91 EL is improving or deteriorating. The statement of revenues, expenses and changes in net position presents information showing how the 91 EL's net position changed during the fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. The 91 EL fund financial statements can be found on pages 10-13 of this report. Notes to the financial statements provide additional information that is essential to a full understanding of the data provided in the financial statements. The notes to the financial statements can be found on pages 14-27 of this report. 5 91 Express Lanes Fund Management's Discussion and Analysis (unaudited) For the Year Ended June 30, 2020 91 Express Lanes Financial Analysis As noted previously, net position may serve over time as a useful indicator of the 91 EL's financial position. At June 30, 2020, the 91 EL's net position was $264,320,837, an increase of $15,413,888 or 6.2% from June 30, 2019. Our analysis below focuses on net position (Table 1) and changes in net position (Table 2) of the 91 EL's financial activities. Table 1 91 Express Lanes Fund Net Position 2020 2019 Current and other assets $ 211,376,549 $ 196,584,856 Restricted assets 25,245,504 24,827,256 Noncurrent receivables, net 11,411,077 17,415,800 Capital assets, net 122,669,328 125,364,052 Total assets 370,702,458 364,191,964 Total deferred outflows of resources 7,002,500 7,672,061 Current liabilities 21,384,612 23,893,630 Long-term liabilities 91,999,509 99,063,446 Total liabilities 113,384,121 122,957,076 Net position: Net investment in capital assets 42,050,844 37,799,192 Restricted 14,446,979 14,028,731 Unrestricted 207,823,014 197,079,026 Total net position $ 264,320,837 $ 248,906,949 In fiscal year 2019-20, total assets increased by $6,510,494 which represents an increase of 1.8% from fiscal year 2018-19, primarily due to an increase in cash and investments. Refer to note 4 for changes in capital assets. Total liabilities decreased by $9,572,955 or 7.8% primarily due to principal payments during the fiscal year. The 91 EL's net investment in capital assets was $42,050,844 in fiscal year 2019-20 compared to $37,799,192 in fiscal year 2018-19. The 91 EL's net position reflects its investment in capital assets (i.e., intangible assets; improvements; communications equipment; computer hardware and software; equipment, furniture and fixtures; and transponders), less any related outstanding debt used to acquire these assets. The 91 EL uses these capital assets to provide improved mobility for 91 EL customers and commuters along the SR -91 corridor. The increase of $4,251,652 in net investment in capital assets was primarily due to a reduction in related outstanding debt used to acquire capital assets in addition to an increase in capital assets offset by depreciation and amortization of assets. Restricted net position, representing resources subject to external restrictions on how they may be used, represented 5.5% of the total net position at June 30, 2020. The $418,248 increase in restricted net position is related to investment activity in bond reserve accounts. 6 91 Express Lanes Fund Management's Discussion and Analysis (unaudited) For the Year Ended June 30, 2020 Unrestricted net position represents the portion of net position that can be used to finance day-to-day operations without constraints established by debt covenants, enabling legislation, or other legal requirements. Unrestricted net position changed from $197,079,026 at June 30, 2019 to $207,823,014 at June 30, 2020. This increase of $10,743,988 was primarily due to operating revenues in excess of operating expenses. The analysis in Table 2 focuses on the changes in net position. Table 2 91 Express Lanes Fund Changes in Net Position 2020 2019 Revenues: Operating revenues: Tolls, fees, and fines $ 44,161,245 $ 57,416,236 Operating expenses: Management and operational services 6,559,905 6,556,033 Administrative overhead 2,996,585 2,834,881 Other operating expenses 267,950 289,837 Insurance claims and premiums 394,046 359,423 Professional services 3,561,356 4,251,405 General and administrative 482,003 683,702 Depreciation and amortization 3,518,687 3,434,329 Total operating expenses 17,780,532 18,409,610 Operating income 26,380,713 39,006,626 Nonoperating revenues (expenses): Investment earnings 8,558,805 7,409,918 Interest expense (4,599,387) (4,903,012) Other 247,850 1,195,361 Total nonoperating revenues (expenses) 4,207,268 3,702,267 Income before transfers Transfers to other OCTA funds Changes in net position Total net position — beginning 30,587,981 42,708,893 (15,174,093) (659,243) 15,413,888 42,049,650 248,906,949 206,857,299 Total net position — ending $ 264,320,837 $ 248,906,949 The 91 EL's total operating revenues decreased by 23.1%, while total operating expenses decreased by 3.4%. Total traffic volume on the 91 EL during fiscal year 2019-20 was 14,990,602 trips reflecting a decrease of 14.6% in comparison to fiscal year 2018-19. The decrease in operating revenues is primarily due to COVID-19 pandemic and state orders to refrain from non -essential travel in fiscal year 2019-20. 7 91 Express Lanes Fund Management's Discussion and Analysis (unaudited) For the Year Ended June 30, 2020 Capital Assets As of June 30, 2020, the 91 EL had $122,669,328 net of accumulated depreciation and amortization, invested in a broad range of capital assets including: the toll facility franchise, construction in progress, improvements, communication equipment, computer hardware and software, transponders, and equipment, furniture and fixtures (Table 3). The total decrease in the 91 EL's capital assets for fiscal year 2019-20 was $2,694,724, which was primarily due to the amortization of the toll facility franchise. Table 3 91 Express Lanes Fund Capital Asset, net of depreciation and amortization 2020 2019 Toll facility franchise $ 117,694,519 $ 120,281,211 Construction in progress 797,946 305,315 Improvements 1,893,518 2,132,996 Communication equipment 881,274 1,217,293 Computer hardware and software 65,760 99,219 Transponders 1,320,346 1,307,048 Equipment, furniture, and fixtu res 15,965 20,970 Total capital assets, net $ 122,669,328 $ 125,364,052 The 91 EL has outstanding capital expense commitments, the most significant of which is $7,047,364 for electronic toll and traffic management (ETTM) system. Major capital asset additions during fiscal year 2019-20 included $325,411 and $297,339 primarily due to the purchase of transponders and back office system, respectively. More detailed information about the 91 EL's capital assets is presented in note 4 to the financial statements. Debt Administration As of June 30, 2020, the 91 EL had $91,685,000 in tax-exempt bonds outstanding compared to $97,795,000 at June 30, 2019. The reduction is due to principal payments in fiscal year 2019-20 in the amount of $6,110,000. Additional information on long-term debt can be found in note 5 to the financial statements. Economic and Other Factors The 91 EL makes up $37,711,495 or 2.6% of OCTA's fiscal year 2020-21 adopted revenue budget. In fiscal year 2020-21, budgeted toll revenue is forecasted to decrease by 43% from the fiscal year 2019-20 budgeted value. This decrease is due to a forecasted decrease in trips due to the coronavirus (COVID-19) pandemic and California Governor Gavin Newsom's orders for residents to self -quarantine and refrain from non -essential travel. The budgeted average long term rate of growth for toll road revenue beyond fiscal year 2020-21 is 3.6%. The majority of expenses related to the 91 EL within the fiscal year 2020-21 budget are on -going general costs related to day to day operations of the toll facility. Since the 91 EL is a fully electronic toll facility, motorists pay tolls through the convenient use of windshield mounted FasTrak® transponders that automatically deduct toll charges from a prepaid account. At the end of fiscal year 2019-20, there were 149,803 active customer accounts, with 322,319 transponders assigned to those accounts, which represents an increase of 1,749 and 96,698 respectively from fiscal year 2018-19. 8 91 Express Lanes Fund Management's Discussion and Analysis (unaudited) For the Year Ended June 30, 2020 OCTA, in concert with Caltrans and RCTC, issued an annual SR -91 Implementation Plan to establish a program of projects eligible for funding by potential excess 91 EL toll revenue and other funds. The projects are presented in the following groups: Orange County Projects, Riverside County Projects and Bi-County Projects. The Orange County Projects have a total cost of approximately $600 million. The projects include improvements to the SR -91 between SR -57 and SR -55, Anaheim Canyon Metrolink station improvements, Placentia Metrolink rail station, and Fairmont Boulevard improvements. The Riverside County projects have a total cost of approximately $387 million. The improvements include I-15/91 Express Lanes Connection, the SR-71/SR-91 interchange, and the SR -91 improvements east of Interstate 15. The Bi-County projects benefit both Orange and Riverside Counties, with total projects exceeding $300 million. Contacting 91 EL's Management This financial report is designed to provide a general overview of the 91 EL's finances for all those with an interest in the government's finances and to demonstrate the 91 EL's accountability for the money it receives. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Finance and Administration Division at the Orange County Transportation Authority, 550 South Main Street, P.O. Box 14184, Orange, California 92863-1584 9 91 Express Lanes Fund (An Enterprise Fund of the Orange County Transportation Authority) Statement of Net Position June 30, 2020 Assets Current Assets: Cash and investments $ 205,919,911 Receivables: Interest 855,484 Violations, net 2,535,899 Other, net 1,208,766 Due from other governments 501,877 Other assets 354,612 Total current assets 211,376,549 Noncurrent Assets: Restricted cash and investments: Cash equivalents 25,245,504 Receivable violations, net 11,411,077 Capital assets, net: Nondepreciable 797,946 Depreciable and amortizable 121,871,382 Total noncurrent assets 159,325,909 Total Assets 370,702,458 Deferred Outflows of Resources Deferred charge on refunding Total Deferred Outflows of Resources 7,002,500 7,002,500 Liabilities Current Liabilities: Accounts payable 7,276,847 Accrued interest payable 1,700,841 Due to other funds 228,689 Due to other governments 39,732 Unearned revenue 5,686,139 Other liabilities 32,364 Bonds payable - due within one year 6,420,000 Total current liabilities 21,384,612 Noncurrent Liabilities: Bonds payable - due in more than one year 91,999,509 Total noncurrent liabilities 91,999,509 Total Liabilities 113,384,121 Net Position Net investment in capital assets 42,050,844 Restricted for: Debt service 681,729 Capital 10,588,920 Operating reserves 3,176,330 Unrestricted 207,823,014 Total Net Position $ 264,320,837 See accompanying notes to the financial statements. 10 91 Express Lanes Fund (An Enterprise Fund of the Orange County Transportation Authority) Statement of Revenues, Expenses and Changes in Net Position For the Year Ended June 30, 2020 Operating revenues: Tolls, fees, and fines $ 44,161,245 Operating expenses: Management and operational services 6,559,905 Administrative overhead 2,996,585 Other operating expenses 267,950 Insurance claims and premiums 394,046 Professional services 3,561,356 General and administrative 482,003 Depreciation and amortization 3,518,687 Total operating expenses Operating income Nonoperating revenues (expenses): 17,780,532 26,380,713 Investment earnings 8,558,805 Interest expense (4,599,387) Other 247,850 Total nonoperating revenues (expenses) 4,207,268 Income before transfers Transfers to other OCTA funds Change in net position Total net position - beginning 30,587,981 (15,174,093) 15,413,888 248,906,949 Total net position - ending $ 264,320,837 See accompanying notes to the financial statements. 11 91 Express Lanes Fund (An Enterprise Fund of the Orange County Transportation Authority) Statement of Cash Flows For the Year Ended June 30, 2020 Cash flows from operating activities: Receipts from customers and users $ 48,927,907 Payments to suppliers (13,306,965) Payments for OCTA interfund services used (2,996,585) Other revenue received 247,851 Net cash provided by operating activities 32,872,208 Cash flows from noncapital financing activities: Reimbursement to other governments (131,574) Transfers to OCTA funds (15,148,316) Net cash used for noncapital financing activities (15,279,890) Cash flows from capital and related financing activities: Principal payment on long-term debt (6,110,000) Interest paid on long-term debt (4,688,325) Acquisition and construction of capital assets (823,963) Net cash used for capital and related financing activities (11,622,288) Cash flows from investing activities: Interest received Net cash provided by investing activities 8,442,855 8,442,855 Net increase in cash and cash equivalents 14,412,885 Cash and cash equivalents at beginning of year 216,752,530 Cash and cash equivalents at end of year $ 231,165,415 Reconciliation of cash and cash equivalents to statement of net position: Cash and investments $ 205,919,911 Restricted cash and investments 25,245,504 Total cash and cash equivalents $ 231,165,415 See accompanying notes to the financial statements. 12 91 Express Lanes Fund (An Enterprise Fund of the Orange County Transportation Authority) Statement of Cash Flows For the Year Ended June 30, 2020 Reconciliation of operating income to net cash provided by operating activities: Operating income $ 26,380,713 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation expense 931,995 Amortization of toll road franchise agreement 2,586,692 Other 247,851 Change in assets and liabilities: Violations receivables, net 5,365,670 Other receivables, net 157,147 Other assets (499,395) Amortization of prepaid expense 37,726 Amortization of prepaid insurance 394,046 Accounts payable (1,040,074) Due to other governments (934,008) Unearned revenue (477,485) Other liabilities (278,670) Total adjustments 6,491,495 Net cash provided by operating activities $ 32,872,208 Noncash capital, financing and investing activities: Amortization of bond premium Amortization of bond deferred charges Change in fair value of investments See accompanying notes to the financial statements. $ (643,937) $ 669,561 $ 169,108 13 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 1. Reporting Entity On January 3, 2003, the Orange County Transportation Authority (OCTA) purchased from the California Private Transportation Company (CPTC) its interest in a Franchise Agreement for the 91 Express Lanes. See note 4 for further information on this transaction. These financial statements include only the activities of the 91 Express Lanes Fund, an enterprise fund of OCTA. These financial statements are not intended to present the activities of OCTA. 2. Summary of Significant Accounting Policies The accounting policies of the 91 Express Lanes Fund are in conformity with generally accepted accounting principles (GAAP) applicable to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard -setting body for establishing accounting and financial reporting principles. Basis of Accounting The financial statements of the 91 Express Lanes Fund are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues, consisting substantially of tolls and fees, are recorded when earned, and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Toll amounts are collected from customers on a prepaid basis, and unearned tolls are reported as unearned revenue. Toll revenue is recognized when the customers utilize the toll road facility. Enterprise funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services in connection with an enterprise fund's principal ongoing operations. The principal operating revenues of the 91 Express Lanes Fund are charges to customers for use of the toll facility and are presented net of discounts and allowances. Operating expenses for the 91 Express Lanes Fund include the cost of services, administrative expenses, and depreciation and amortization on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. When both restricted and unrestricted resources are available for use, it is the 91 Express Lanes Fund's policy to use restricted resources first and then unrestricted resources as they are needed. Cash and Investments The 91 Express Lanes Fund participates in OCTA's Commingled Investment Pool. OCTA maintains cash and investments in accordance with an Investment Policy (Policy) adopted initially by OCTA's Board of Directors (Board) on May 8, 1995, and most recently amended on June 10, 2020. The Policy complies with, or is more restrictive than, the California Government Code (Code). At June 30, 2020 the investment portfolios were maintained at U.S. Bank, N.A. as custodial bank. OCTA's Commingled Investment Pool is managed by four private sector investment managers. Separate investment manager accounts are maintained for the proceeds of bond issues, with the earnings for each bond issue accounted for separately. Cash from other OCTA revenue sources is commingled for investment purposes in the OCTA Commingled Investment Pool, with investment earnings allocated to the different accounts based on average daily account balances. OCTA holds investments that are measured at fair value on a recurring basis. OCTA categorizes the fair value measurements of its investments based on the hierarchy established by GAAP. The fair value 14 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 hierarchy, which has three levels, is based on the valuation inputs used to measure an asset's fair value: Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are inputs -other than quoted prices included in Level 1 -that are observable including quoted prices for similar assets in active markets and quoted prices for identical or similar assets in markets that are not active; Level 3 inputs are unobservable inputs. Refer to the OCTA Comprehensive Annual Financial Report (CAFR) for details on valuation techniques and fair value hierarchy. Investments in U.S. government and U.S. agency securities, medium -term notes, repurchase agreements, variable and floating rate securities, mortgage and asset -backed securities and corporate notes are carried at fair value based on quoted prices of similar assets, except for money market investments and participating interest -earning investment contracts with a remaining maturity of one year or less at purchase date, which are carried at amortized cost which approximates fair value. The Policy requires that assets in the portfolio consist of the following investments, with maximum permissible concentrations based on book value, and may be more restrictive than applicable state statutes for the following investment types: OCTA notes and bonds, U.S. treasuries, federal instrumentality securities, federal agencies, municipal debt, banker's acceptance, commercial paper, negotiable certificates of deposit, repurchase agreements, medium -term notes, money market funds and mutual funds, mortgage or asset -backed securities, supranationals, investment pools, variable and floating rate securities, bank deposits and derivatives. Investment agreements are also allowed for bond issues. All investments are subject to a maximum maturity of five years, unless specific direction to exceed the limit is given by the Board and as permitted by the Code. OCTA policy is to invest only in high quality instruments as permitted by the Code, subject to the limitations of the Policy. Cash and Cash Equivalents For the purpose of the statement of cash flows, OCTA considers all short-term investments with an initial maturity of three months or less to be cash equivalents. All deposits, commercial paper, money market funds, certificates of deposit, and the 91 Express Lanes Fund's share of the OCTA Commingled Investment Pool represent cash and cash equivalents for cash flow purposes. Restricted Cash and Investments Investments set aside in the Senior Lien Reserve Fund, Major Maintenance Reserve Fund, and Operating Reserve Fund are pursuant to the terms of the 2013 Indenture for the $124,415,000 Toll Road Revenue Refunding Bonds and their use is limited by applicable debt covenants. Permitted investments per the debt covenants include: government obligations, State of California and local agency obligations, banker's acceptances, commercial paper, negotiable certificates of deposit, repurchase agreements, money market funds, other mutual funds, investment agreements, and variable and floating rate securities. Receivables Violations receivables include an estimate for outstanding unpaid violations that the 91 Express Lanes Fund anticipates to collect. For violations less than or equal to 90 days old, the receivable is based on a 12 -month average of violations collected, and is recorded net of an allowance for uncollectible accounts of $710,190 at June 30, 2020. For unpaid violations in excess of 90 days, the receivable is estimated using a three-year average of violations collected and is recorded net of uncollectible accounts as the majority is not considered probable of collection. 15 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 Other receivables include amounts due from other California toll road agencies related to their customers' use of the 91 Express Lanes, as well as amounts owed from customers, net of an allowance for uncollectible accounts of $470,841 at June 30, 2020. An estimated $11,411,077 of violation and customer receivables are not expected to be collected within one year. The 91 Express Lanes utilizes an outside collection agency to assist in the recovery of unpaid customer balances and violations exceeding 90 days. Due from other Governments Due from other governments include receivables due from other government agencies. Other Assets Other assets include prepaid expenses and refundable deposits. Capital Assets Capital assets include toll facility franchise, construction in progress, improvements, equipment, computer hardware, software, furniture and fixtures, and transponders. Capital assets are defined by the 91 Express Lanes Fund as assets with an initial, individual cost of more than $5,000 and a useful life in excess of one year. It is also the 91 Express Lanes Fund's policy to capitalize non -sticker transponder purchases, as they are considered a significant class of assets even though individually under $5,000. Such assets are recorded at historical cost. The costs of normal maintenance and repairs that do not add value to the asset or materially extend asset lives are not capitalized. Capital assets are depreciated using the straight-line method over the following estimated useful lives: Capital Asset Type Useful Life Improvements 10-30 years Equipment, furniture and fixtures 3-10 years Computer hardware and software 3-5 years Transponders 5-7 years OCTA purchased the interest in the Franchise Agreement for the toll facility from CPTC on January 3, 2003. The toll facility franchise is amortized over the remaining life of the Franchise Agreement through December 2065. Deferred Outflows In addition to assets, the statement of net position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period and so will not be recognized as an outflow of resources (expense) until then. As of June 30, 2020, the 91 Express Lanes Fund only has one item that qualifies for reporting in this category. It is the deferred charge on refunding reported in the statement of net position. A deferred charge on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. 16 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 Due to other Governments Due to other governments include payables due to other government agencies. Risk Management The 91 Express Lanes Fund purchases commercial property insurance including business interruption, earthquake and flood coverage related to the toll facility. Additionally, the 91 Express Lanes Fund participates in OCTA's self-insurance general liability program. Liability claims are resolved by OCTA and are an expense of the 91 Express Lanes Fund. Net Position Net position represents the difference between assets plus deferred outflows of resources and liabilities plus deferred inflows of resources and is classified into three categories: • Net investment in capital assets - Reflects net position of the 91 Express Lanes Fund invested in capital assets and the intangible asset net of related debt. This net position is not accessible for other purposes. • Restricted net position - Represents net position not accessible for general use, with the use subject to restrictions enforceable by third parties. The net position has been restricted by the 2013 Toll Road Revenue Refunding Bonds Master Indenture of Trust for debt service, capital, and operating expenses. • Unrestricted net position - Represents net position available for general use. Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures during the reporting period. As such, actual results could differ from those estimates. Recent Event In December 2019, a novel strain of coronavirus has spread around the world resulting in business and social disruption. The coronavirus was declared a Public Health Emergency of International Concern by the World Health Organization on January 30, 2020. In March 2020, the State of California issued a statewide shelter -in -place order that continue to have significant impact on the operations and business results of OCTA. OCTA cannot predict the extent and duration of the impact on its activities, including fluctuations in toll trip activity of the 91 Express Lanes fund. The extent to which the coronavirus may impact the 91 Express Lanes Fund will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of the coronavirus and the actions required to contain the coronavirus. Management has not included any contingencies in the financial statements specific to this recent event. New Effective Accounting Pronouncements In fiscal year 2019-20, OCTA implemented the following GASB Statement for the 91 Express Lanes Fund: 17 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 GASB Statement No. 95 In May 2020, GASB issued Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance. The primary objective of this Statement is to provide temporary relief to governments and other stakeholders in light of the COVID-19 pandemic. That objective is accomplished by postponing the effective dates of certain provisions in Statements and Implementation Guides that first became effective or are scheduled to become effective for periods beginning after June 15, 2018, and later. This Statement is effective for OCTA's fiscal year ending June 30, 2020. The implementation of this Statement did not have a material effect on the financial statements of the 91 Express Lanes fund. 3. Cash and Investments Cash and investments are comprised of the following at June 30, 2020: Cash: Petty cash Deposits Total cash $ 550 2,233,860 2,234,410 Investments: With OCTA Commingled Investment Pool 203,883,390 With trustee 25,047,615 Total investments 228,931,005 Total cash and investments $ 231,165,415 Total deposits and investments are reported in the financial statements as: $ 205,919,911 25,245,504 $ 231,165,415 Unrestricted cash and investments Restricted cash and investments: Cash equivalents Total cash and investments As of June 30, 2020, the 91 Express Lanes Fund had the following investments: Investment Fair Value Yield Interest Rate Range Weighted Average Maturity Maturity Range (Years) OCTA Commingled $ 203,883,390 Refer to the OCTA CAFR for information related to the OCTA Investment Pool Commingled Investment Pool.* Held by trustee: *Money Market Funds *Commercial Paper Total investments 1,351 0.010% 0.010% 7/1/20 25,046,264 1.053%- 1.651% 0.000%- 0.570% 7/14/20-9/14/20 $ 228,931,005 Portfolio Weighted Average 1 Day 0.116 1.99 *Money market funds and commercial paper are measured at amortized cost which approximates fair value. 18 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 As of June 30, 2020, the 91 Express Lanes Fund had $203,883,390 invested in the OCTA's Commingled Investment Pool (CIP). OCTA's CIP investments are carried at fair value except for money market investments and participating interest -earning investment contracts with a remaining maturity of one year or less at purchase date carried at amortized cost which approximates fair value. Deposits and withdrawals in the OCTA's CIP are made on the basis of $1.00 (cost basis) and not fair value. Accordingly, the 91 Express Lanes Fund's investment in the OCTA's CIP at June 30, 2020 is uncategorized, not defined as a Level 1, Level 2, or Level 3 input. Refer to the OCTA CAFR for fiscal year 2019-20 for details on valuation techniques, fair value hierarchy, interest rate risk, variable rate notes and custodial credit risk related to the OCTA's CIP underlying investments. Credit Risk The Policy sets minimum acceptable credit ratings for investments from any of the three nationally recognized rating services: Standard & Poor's Corporation (S&P), Moody's Investors Service (Moody's), and Fitch Ratings (Fitch). For an issuer of short-term debt, the rating must be no less than A-1 (S&P), P-1 (Moody's), or F1 (Fitch), while an issuer of long-term debt must be rated no less than an "A" by two of the three rating services. OCTA's CIP is not rated. The following is a summary of the credit quality distribution and concentration of credit risk by investment type as a percentage of fair value of the 91 Express Lanes Fund's portfolio at June 30, 2020. (NR means Not Rated): % of 91 Investments S&P Moody's Express OCTA Commingled Investment Pool NR NR 89.058 % Held by trustee: Money Market Funds AAAm Aaa 0.001 % Commercial Paper MUFG A-1 P-1 5.015 % BARC A-1 P-1 5.926 % Total 100.000 % Concentration of Credit Risk At June 30, 2020, OCTA did not exceed the Policy maximum concentrations as stated below: Issuer/Counter-Party Diversification Guidelines for All Securities Except U.S. Treasuries and U.S. Government Agency Securities • Any one corporation, bank, local agency, special purpose vehicle or other corporate issuer name for one or more series of securities shall not exceed 5% of the portfolio. Issuer/Counter-Party Diversification Guidelines for OCTA's Debt • OCTA can purchase all or a portion of the Orange County Transportation Authority's debt, including notes and bonds payable solely out of the revenues from a revenue -producing property owned, controlled or operated by OCTA or by a department, board, agency or authority of OCTA which may bear interest at a fixed or floating rate, providing the 19 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 purchase does not exceed 25% of the Maximum Portfolio and when authorized by the Internal Revenue Service. The following is a summary of the concentration of credit risk by issuer as a percentage of the fair value of the 91 Express Lanes Fund's portfolio at June 30, 2020: Issuer Amount of 91 Express Lanes Portfolio MUFG (Commercial Paper) BARC (Commercial Paper) 4. Capital Assets $ 11,479,981 $ 13,566,283 5.015 5.926 % Capital asset activity for the 91 Express Lanes Fund for the year ended June 30, 2020 is as follows: Beginning Ending Balance Increases Decreases Balance Capital assets, not being depreciated: Construction in progress $ 305,315 $ 492,631 $ — $ 797,946 Capital assets, being depreciated Improvements 4,037,020 — — 4,037,020 Communications equipment 5,074,955 — — 5,074,955 Computer hardware and software 2,777,972 5,921 — 2,783,893 Transponders 4,683,297 325,411 (124,855) 4,883,853 Equipment, furniture and fixtures 106,802 — — 106,802 Toll Facility Franchise 205,263,668 — — 205,263,668 Total capital assets, being depreciated and amortized Less accumulated depreciation and amortization for: Improvements (1,904,024) (239,478) — (2,143,502) Communications equipment (3,857,662) (336,019) — (4,193,681) Computer hardware and software (2,678,753) (39,380) — (2,718,133) Transponders (3,376,249) (312,113) 124,855 (3,563,507) Equipment, furniture and fixtures (85,832) (5,005) — (90,837) Toll Facility Franchise (84,982,457) (2,586,692) — (87,569,149) Total accumulated depreciation and amortization (96,884,977) (3,518,687) 124,855 (100,278,809) Total capital assets, being depreciated and amortized, net 125,058,737 (3,187,355) — 121,871,382 Total capital assets, net $ 125,364,052 $ (2,694,724) $ — $ 122,669,328 221,943,714 331,332 (124,855) 222,150,191 On January 3, 2003, OCTA purchased from the California Private Transportation Company (CPTC) its interest in a Franchise Agreement for a toll facility on a 10 -mile segment of the Riverside Freeway/State Route (SR) 91 between the Orange/Riverside County line and the Costa Mesa Freeway/SR-55. The 20 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 purchase was enabled by State Assembly Bill (AB) 1010 (Correa), passed by the California legislature and signed by the governor in September 2002. The legislation provided the authority for OCTA to collect tolls and pay related financing costs until 2030, and eliminated non -compete provisions in the Franchise Agreement for needed improvements on the SR -91. The Franchise Agreement with the State of California's Department of Transportation (Caltrans) had granted CPTC the right to develop and construct the toll facility and to operate it for 35 years under a lease arrangement. Caltrans retains legal title to the real property components of the toll facility. In September 2008, the Governor of California approved Senate Bill (SB) 1316 (Correa) as an update to the provisions of AB 1010. SB 1316 authorized OCTA to assign its franchise rights, interests and obligations in the Riverside County portion to the Riverside County Transportation Commission (RCTC), thereby allowing RCTC to add two toll lanes and a regular lane in each direction on the SR -91 from the Orange County line to Interstate 15. In addition, the bill authorized the terms of the franchise to expire no later than December 31, 2065. SB 1316 also required OCTA and RCTC to enter into an agreement providing for the coordination of their respective tolling facilities if RCTC was to construct and operate the toll facilities on the Riverside County portion of the SR -91 franchise. In December 2011, the Board approved the assignment of OCTA's franchise rights, interests and obligations in the Riverside County portion of the SR -91 franchise to RCTC. The Board also approved the extension of the expiration date to 2065 and a cooperative agreement between OCTA and RCTC that details the joint operation for the 91 Express Lanes extension. 5. Bonds Payable Taxable Senior Secured Bonds On January 3, 2003, as part of the purchase agreement, the 91 Express Lanes Fund assumed $135,000,000 of taxable 7.63% Senior Secured Bonds. On November 12, 2003, the taxable bonds were refunded as noted below. As required by the tax-exempt bond indenture, OCTA paid a $26,428,197 Yield Maintenance Premium in connection with the defeasance of the Senior Secured Bonds, which is amortized over the life of the Series 2003 tax-exempt bonds on the straight line basis. Toll Road Revenue Refunding Bonds On November 12, 2003, OCTA issued $195,265,000 in Toll Road Revenue Refunding Bonds (91 Express Lanes) Series 2003-A, Series 2003-B-1 and Series 2003-B-2 to refund the $135,000,000 taxable 7.63% Senior Secured Bonds and to reimburse OCTA for a portion of its payment of the costs of acquiring the Toll Road and certain other property and interests associated with the Toll Road. The $95,265,000 Series 2003-A Bonds were issued as fixed rate bonds. The $75,000,000 Series 2003-B-1 Bonds and the $25,000,000 Series 2003-B-2 Bonds (collectively the "Series 2003-B Bonds") were issued as adjustable rate bonds. On November 24, 2008, OCTA remarketed the $100,000,000 Series 2003-B Bonds, which were purchased by the Orange County Investment Pool (OCIP). In connection with the mandatory tender of the Series 2003-B Bonds required by the Indenture, the interest rate was converted to a Long Term Interest Rate equal to the OCIP Rate. On December 20, 2010, OCTA entered into a new transaction with OCIP for the Series 2003-B Bonds at a 1.55% rate. The Series 2003-B Bonds had a mandatory tender date of August 15, 2013. On July 30, 2013, OCTA issued $124,415,000 in Senior Lien Toll Road Revenue Refunding Bonds (91 Express Lanes) Series 2013 to refund the outstanding Toll Road Revenue Refunding Bonds 21 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 (91 Express Lanes) Series 2003-A, Series 2003-B-1 and Series 2003-B-2. OCTA refunded the outstanding Series 2003-A Bonds to reduce its total debt service payments over the life of the bonds and refunded the Series 2003-B-1 and Series 2003-B-2 Bonds to address the mandatory tender date of August 15, 2013 for the existing private placement with the OCIP. The refunding resulted in a difference between the reacquisition price and the net carrying amount of the old debt of $4,366,861. The transaction resulted in a reduction of debt service payments of $26,916,929 over 18 fiscal years and an economic gain (difference between the present values of the debt service payments of the original 2003 and 2013 debt) of $19,271,945. The Series 2013 Bonds were issued as fixed rate bonds. The transaction closed on August 8, 2013. The OCTA's outstanding debt obligations related to Toll Road Revenue Refunding Bonds contain a provision that in an event of default, bondholders have the right to sue in order to force OCTA to cure the event of default, which may result in finance related consequences. A summary of the terms of the Toll Road Revenue Refunding Bonds is as follows: Issuance date Closing date Original issue amount Cash reserve requirements Cash reserve balance Interest rate Maturity Principal payment date Balance as of 06/30/20 Unamortized premium Deferred amount on refunding 07/30/2013 08/08/2013 $ 124,415,000 $ 22,168,500 * $ 25,245,504 2%-5 Yo December 2030 August 15 $ 91,685,000 $ 6,734,509 $ (7,002,500) The Toll Road Revenue Refunding Bonds have ratings of "Al" by Moody's, "A+" from Fitch, and "AA-" by Standard & Poor's. *Pursuant to the 2013 Toll Road Revenue Refunding Bonds Master Indenture of Trust, three reserve funds are maintained with required balances as follows: Senior Lien Reserve Fund $9,168,500; Major Maintenance Reserve Fund $10,000,000; and Operating Reserve Fund $3,000,000. At June 30, 2020, all reserve requirements have been satisfied. Annual debt service requirements on the tax-exempt bonds to maturity are as follows: Year ending June 30, 2021 2022 2023 2024 2025 2026-2030 2031 Total Principal Interest Total $ 6,420,000 6,750,000 7,095,000 7,460,000 7,845,000 45,645,000 10,470,000 $ 91,685,000 $ 27,075,313 $ 118,760,313 $ 4,375,075 4,045,825 3,699,700 3,335,825 2,953,200 8,338,500 327,188 $ 10,795,075 10,795,825 10,794,700 10,795,825 10,798,200 53,983,500 10,797,188 22 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 Changes in Long -Term Obligations Long-term liabilities activity for the year ended June 30, 2020, was as follows: Beginning Ending Due within Balance Additions Reductions Balance One Year Tax-exempt bonds $ 97,795,000 $ — $ (6,110,000) $ 91,685,000 $ 6,420,000 Unamortized premium 7,378,446 — (643,937) 6,734,509 - Total long-term debt $ 105,173,446 $ — $ (6,753,937) $ 98,419,509 $ 6,420,000 Pledged Revenue The 91 Express Lanes debt issuance outstanding is repaid and secured by the pledging of certain revenues, as defined in the debt agreement. The amount and term of the remainder of this commitment is indicated in the debt service to maturity table. The purpose for which the proceeds of the debt issuance were utilized is disclosed in the debt description. Pursuant to the 2013 Toll Road Revenue Refunding Bonds Master Indenture of Trust, the 91 Express Lanes Fund will covenant to fix and prescribe toll rates for each type of vehicle and each time of day sufficient to produce adjusted net toll revenues for each fiscal year at least equal to 1.3 times annual debt service on Senior Lien Bonds and Parity Obligations and at least equal to 1.0 times annual debt service on all bonds. Adjusted net toll revenues includes tolls and investment earnings on specified reserve accounts minus operating expenses, excluding interest expense, depreciation, and amortization of the toll facility franchise. Pledged revenue for the year ended June 30, 2020, was as follows: Pledged Revenue Annual Amount of Net Annual Debt Service Pledged Revenue Required Debt Pledged Revenue Payments Coverage Coverage 91 Express Lanes Net Toll Road Revenue $37,268,407 $10,798,325 3.45 1.3 6. Commitments and Contingencies Operator Agreement In connection with the purchase of the toll facility interest, OCTA entered into an operating agreement with Cofiroute Global Mobility, subsequently Cofiroute USA, LLC (Cofiroute), to provide operating services in the annual amount of $4,994,000 plus inflation for three initial years with two one-year extension options, subject to Board of Directors approval. The agreement was in effect from January 3, 2003 through January 2, 2006. On January 6, 2006, OCTA entered into a second operating agreement with Cofiroute, effective January 3, 2006 through January 2, 2011. The annual amount of the base contract is $5,448,768 plus inflation adjustments after the first year. The agreement carried two two-year extension options through January 2, 2015. On June 27, 2011, the OCTA Board of Directors approved a subsequent amendment to the operating agreement with Cofiroute, which authorized the addition of two five-year extension options beginning July 1, 2011 through June 30, 2016 for the first extension term and beginning July 1, 2016 through June 30, 2021 as the second extension term. The second extension term was approved on May 9, 2016. Cofiroute is responsible for the day-to-day operations of the toll facility. On May 24, 2013 OCTA completed a three -party agreement expiring on June 30, 2021, with Riverside County Transportation Commission (RCTC) and Cofiroute for operations of the 91 Express Lanes. In fiscal year 2018-19, OCTA and RCTC began procurement for a new operating agreement for both 23 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 segments of the 91 Express Lanes. The OCTA Board of Directors and RCTC Commission subsequently approved the re -selection of Cofiroute as the operator in fiscal year 2019-20, the new operating agreement will commence in July 2021. This will help ensure streamlined consistent inter -county travel for motorists on the original 10 -mile span of the 91 Express Lanes and the eight miles extension into Riverside County. Purchase Commitments The 91 Express Lanes has various outstanding contracts. Total purchase commitments at June 30, 2020 were $93,034,286, the most significant are with Cofiroute and RCTC for the operations of the 91 Express Lanes, Kapsch TrafficCom for toll lanes integrator services and California Highway Patrol (CHP) for patrol services. Lease Commitments The 91 Express Lanes Fund is committed under two non -cancelable leases for office space. These leases are considered for accounting purposes to be operating leases. Lease expenses for the year ended June 30, 2020 were $383,681. Future minimum payments for these leases approximate the following: For the year ending June 30, 2021 $ 394,833 2022 405,986 2023 417,750 2024 429,535 2025 442,105 2026-2030 2,338,030 2031 75,740 Total $ 4,503,979 On April 13, 2015, the Board approved a 15 -year lease extension for the 91 Express Lanes Anaheim office. On May 23, 2018, the Board approved the relocation of the 91 Express Lanes Customer Service Center in Corona and a ten-year lease agreement with RCTC for the facility. Both leases are shared equally with RCTC per agreement between OCTA and RCTC, entered into in December 2011. Litigation In April 2020, the OCTA Board approved a settlement for $1 million in cash and forgiveness of $40 million in toll violations and penalties for the In Re Toll Roads Litigation (Plaintiffs) case. The case initially focused on two basic sets of claims. The first related to due process and negligence claims alleging that the procedures used to assess and collect toll violation penalties when drivers use toll roads without paying the required toll are inadequate. The second original claim is that the penalties assessed against toll violators on the 91 Express Lanes is excessive. Over time, the Plaintiffs alleged that OCTA routinely sells and/or provides personally identifiable information of drivers to a host of other entities as part of the operation of the 91 Express Lanes. The parties are in the process of finalizing settlement agreements and preparing the paperwork necessary to: 1) obtain court approval of the settlement; and 2) give notice of the settlement to the class members. Management recorded a liability of $1,000,000 for the cash settlement and wrote off approximately $3,600,000 of violations receivables for the forgiveness of toll violations and penalties. 24 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 7. Effect of New Pronouncements: GASB Statement No. 84 In January 2017, GASB issued Statement No. 84, Fiduciary Activities. The objective of this Statement is to improve guidance regarding the identification of fiduciary activities for accounting and financial reporting purposes and how those activities should be reported. This Statement establishes criteria for identifying fiduciary activities of all state and local governments. An activity meeting the criteria should be reported in a fiduciary fund in the basic financial statements. This Statement describes four fiduciary funds that should be reported, if applicable: (1) pension (and other employee benefit) trust funds, (2) investment trust funds, (3) private -purpose trust funds, and (4) custodial funds. This Statement also provides for recognition of a liability to the beneficiaries in a fiduciary fund when an event has occurred that compels the government to disburse fiduciary resources. This Statement was effective for OCTA's fiscal year ending June 30, 2020, but was postponed by one year per GASB Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance. OCTA has not determined the effect of this Statement. GASB Statement No. 87 In June 2017, GASB issued Statement No. 87, Leases. The objective of this Statement is to better meet the information needs of financial statement users by improving accounting and financial reporting for leases by governments. This Statement increases the usefulness of governments' financial statements by requiring recognition of certain lease assets and liabilities for leases that previously were classified as operating leases and recognized as inflows of resources or outflows of resources based on the payment provisions of the contract. It establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right -to -use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources, thereby enhancing the relevance and consistency of information about governments' leasing activities. This Statement was effective for OCTA's fiscal year ending June 30, 2021, but was postponed by 18 months per GASB Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance. OCTA has not determined the effect of this Statement. GASB Statement No. 90 In August 2018, GASB issued Statement No. 90, Majority Equity Interests - an amendment of GASB Statements No. 14 and No. 61. The primary objectives of this Statement are to improve the consistency and comparability of reporting a government's majority equity interest in a legally separate organization and to improve the relevance of financial statement information for certain component units. This Statement was effective for OCTA's fiscal year ending June 30, 2020, but was postponed by one year per GASB Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance. OCTA has not determined the effect of this Statement. GASB Statement No. 91 In May 2019, GASB issued Statement No. 91, Conduit Debt Obligations. The primary objectives of this Statement are to provide a single method of reporting conduit debt obligations by issuers and eliminate diversity in practice associated with (1) commitments extended by issuers, (2) arrangements associated with conduit debt obligations, and (3) related note disclosures. This Statement achieves those objectives by clarifying the existing definition of a conduit debt obligation; establishing that a conduit debt obligation is not a liability of the issuer; establishing standards for accounting and financial reporting of additional commitments and voluntary commitments extended by issuers and arrangements associated with conduit debt obligations; and improving required note disclosures. This Statement was effective for OCTA's fiscal year ending June 30, 2022, but was postponed by one year per GASB Statement No. 95, 25 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 Postponement of the Effective Dates of Certain Authoritative Guidance. OCTA has not determined the effect of this Statement. GASB Statement No. 92 In January 2020, GASB issued Statement No. 92, Omnibus 2020. The primary objectives of this Statement are to enhance comparability in accounting and financial reporting and to improve the consistency of authoritative literature by addressing practice issues that have been identified during implementation and application of certain GASB Statements. Paragraphs 4, 5, 11 and 13 of this Statement are effective immediately. The remaining paragraphs of this Statement were effective for OCTA's fiscal year ending June 30, 2021, but were postponed by one year per GASB Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance. The implementation of paragraphs 4, 5, 11 and 13 of this Statement did not have a material effect on the financial statements. OCTA has not determined the effect of the remaining paragraphs of this Statement. GASB Statement No. 93 In March 2020, GASB issued Statement No. 93, Replacement of Interbank Offered Rates. The objective of this Statement is to address those and other accounting and financial reporting implications that result from the replacement of an IBOR. This Statement achieves that objective by: (1) providing exceptions for certain hedging derivative instruments to the hedge accounting termination provisions when an IBOR is replaced as the reference rate of the hedging derivative instrument's variable payment, (2) clarifying the hedge accounting termination provisions when a hedged item is amended to replace the reference rate, (3) clarifying that the uncertainty related to the continued availability of IBORs does not, by itself, affect the assessment of whether the occurrence of a hedged expected transaction is probable, (4) removing LIBOR as an appropriate benchmark interest rate for the qualitative evaluation of the effectiveness of an interest rate swap, (5) identifying a Secured Overnight Financing Rate and the Effective Federal Funds Rate as appropriate benchmark interest rates for the qualitative evaluation of the effectiveness of an interest rate swap, (6) clarifying the definition of reference rate, as it is used in Statement 53, as amended, (7) providing an exception to the lease modifications guidance in Statement 87, as amended, for certain lease contracts that are amended solely to replace an IBOR as the rate upon which variable payments depend. The requirements of this Statement, except for paragraph 11b, are effective for OCTA's fiscal year ending June 30, 2021. The requirement in paragraph 11b is effective for OCTA's fiscal year ending June 30, 2022. GASB Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance, postponed the effective date of paragraphs 13 and 14 of this Statement by one year. OCTA has not determined the effect of this Statement. GASB Statement No. 94 In March 2020, GASB issued Statement No. 94, Public -Private and Public -Public Partnerships and Availability Payment Arrangements. The primary objective of this Statement is to improve financial reporting by addressing issues related to public -private and public -public partnership arrangements. This Statement is effective for OCTA's fiscal year ending June 30, 2023. OCTA has not determined the effect of this Statement. GASB Statement No. 96 In May 2020, GASB issued Statement No. 96, Subscription -Based Information Technology Arrangements. This Statement provides guidance on the accounting and financial reporting for subscription -based information technology arrangements for government end users (governments). This Statement is effective for OCTA's fiscal year ending June 30, 2023. OCTA has not determined the effect of this Statement. 26 91 Express Lanes Fund Notes to the Financial Statements For the Year Ended June 30, 2020 GASB Statement No. 97 In June 2020, GASB issued Statement No. 97, Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans. The primary objectives of this Statement are to (1) increase consistency and comparability related to the reporting of fiduciary component units in circumstances in which a potential component unit does not have a governing board and the primary government performs the duties that a governing board typically would perform; (2) mitigate costs associated with the reporting of certain defined contribution pension plans, defined contribution other postemployment benefit (OPEB) plans, and employee benefit plans other than pension plans or OPEB plans (other employee benefit plans) as fiduciary component units in fiduciary fund financial statements; and (3) enhance the relevance, consistency, and comparability of the accounting and financial reporting for Internal Revenue Code (IRC) Section 457 deferred compensation plans (Section 457 plans) that meet the definition of a pension plan and for benefits provided through those plans. Paragraphs 4 and 5 of this Statement are effective immediately, and the remaining paragraphs of this Statement are effective for OCTA's fiscal year ending June 30, 2022. The implementation of paragraphs 4 and 5 of this Statement did not have a material effect on the financial statements. OCTA has not determined the effect of the remaining paragraphs of this Statement. 27 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 5, 2021 TO: State Route 91 Advisory Committee FROM: Theresia Trevino, Chief Financial Officer THROUGH: Anne Mayer, Executive Director SUBJECT: Fiscal Year 2019/20 Riverside County Transportation Commission 91 Express Lanes Annual Financial Statements STAFF RECOMMENDATION: This item is for the Committee to receive and file the Fiscal Year (FY) 2019/20 Riverside County Transportation Commission (RCTC) 91 Express Lanes Fund audited financial statements. BACKGROUND INFORMATION: RCTC prepares the financial statements for the 91 Express Lanes Fund, an enterprise fund of RCTC. The financial statements present the results of operations and cash flows for the fiscal year and the financial position at the fiscal year end. In accordance with the debt agreements for the SR-91 Co opinion on the financial statements. Eide Bailly LLP (Edie Bailly), an independent accounting firm, conducted the audit for FY 2019/20 to obtain reasonable assurance about whether the financial statements are free from material misstatement. Edie Bailly completed its annual audit and issued its opinion of the RCTC 91 Express Lanes Fund financial statements for FY 2019/20. The audit was conducted in accordance with auditing standards generally accepted in the United States of America. Edie Bailly issued an unqualified opinion on the financial statements, indicating that the financial statements present fairly, in all material respects, the financial position of the RCTC 91 Express Lanes Fund as of June 30, 2020, and the changes in financial position and cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. The FY 2019/20 audited financial statements for the RCTC 91 Express Lanes Fund present the third full year of operations for the RCTC 91 Express Lanes and are included as an attachment. Attachment: Fiscal Year Ended June 30, 2020 RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Financial Statements ATTACHMENT A RIVERSIDE COUNTY TRANSPORTATION COMMISSION RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Financial Statements For the Year Ended June 30, 2020 CONTENTS Independent Auditor's Report Management's Discussion and Analysis 1 3 Financial Statements Statement of Net Position 9 Statement of Revenues, Expenses and Changes in Fund Net Position 10 Statement of Cash Flows 1 1 Notes to Financial Statements 13 RIVERSIDE COUNTY TRANSPORTATION COMMISSION RIVERSIDE COUNTY TRANSPORTATION COMMISSION Independent Auditor's Report RIVERSIDE COUNTY TRANSPORTATION COMMISSION EideBailly® CPAs & BUSINESS ADVISORS Independent Auditor's Report Board of Commissioners Riverside County Transportation Commission Riverside, California Report on the Financial Statements We have audited the accompanying financial statements of the RCTC 91 Express Lanes Fund (the Fund), an enterprise fund of the Riverside County Transportation Commission (the Commission) as of and for the year ended June 30, 2020, and the related notes to the financial statements, as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. What inspires you, inspires us. eidebailly.com 19340 Jesse Ln., Ste. 260 Riverside, CA 92508-5075 951.367.3000 F 951 .367.3010 EOE Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the RCTC 91 Express Lanes Fund of the Commission, as ofJune 30, 2020, and the changes in financial position and cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As discussed in Note 1, the financial statements present only the RCTC 91 Express Lanes Fund and do not purport to, and do not, present fairly the financial position of the Commission as ofJune 30, 2020, the changes in its financial position, or, where applicable, its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Riverside, California October 30, 2020 2 RIVERSIDE COUNTY TRANSPORTATION COMMISSION RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2020 As management of the RCTC 91 Express Lanes Fund (the Fund), an enterprise fund of the Riverside County Transportation Commission, we offer readers of the Fund financial statements this narrative overview and analysis of the Fund's financial activities for the fiscal year ended June 30, 2020. We encourage readers to consider information on financial performance presented in conjunction with the financial statements that begin on page 9. Financial Highlights • At the end of fiscal year (FY) 2019/20, the total net position (deficit) of the Fund was ($276,232,056) and consisted of net investment (deficit) in capital assets of ($320,213,988) and restricted net position of $43,981,932. • Net position (deficit) of ($276,232,056) during FY 2019/20 reflects the position after the third full year of toll operations. The eight -mile stretch between Interstate 15 and the Orange/Riverside County line and a tolled direct connector reached substantial completion and opened to motorists on March 20, 2017. • In FY 2019/20, total operating revenues of $56,440,369 include toll, violation penalty, and account fee revenues and Orange County Transportation Authority (OCTA) reimbursements. Total operating expenses of $24,536,873 include roadway and toll systems maintenance, customer service, back office operations, other support costs, and depreciation and amortization. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the Fund's financial statements. The financial statements are comprised of the Fund financial statements and notes to the financial statements. The statement of net position presents information on all of the Fund's assets, liabilities, and deferred outflows/inflows of resources, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the Fund is improving or deteriorating. The statement of revenues, expenses and changes in fund net position presents information showing how the Fund's net position changed during the fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported for some items that will only result in cash flows in future fiscal periods. The statement of cash flows presents information on the cash flows related to operating, noncapital financing, capital and related financing, and investing activities. The Fund financial statements can be found on pages 9-12 of this report. Notes to the financial statements provide additional information that is essential to a full understanding of the data provided in the financial statements. The notes to the financial statements can be found on pages 13-25 of this report. 91 Express Lanes Financial Analysis As noted previously, net position may serve overtime as a useful indicator of the Fund's financial position. At June 30, 2020, the Fund's net position reflected a deficit of $276,232,056. Our analysis below focuses on net position and changes in net position of the Fund's financial activities. 3 RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2020 RCTC 91 Express Lanes Fund Net Position 2020 2019 Current and other assets Restricted assets Capital assets, net Total assets Deferred outflows of resources $ 62,006,444 81,168,497 275,566,724 $ 28,035,318 76,380,134 295,855,214 418,741,665 400,270,666 937,279 277,686 Total assets and deferred outflows of resources 419,678,944 400,548,352 Current liabilities 4,139,061 5,236,536 Long-term liabilities 691,699,524 669,865,188 Total liabilities 695,838,585 675,101,724 Deferred inflows of resources Total liabilities and deferred inflows of resources 72,415 42,928 695,911,000 675,144,652 Net position Net investment in capital assets (320,213,988) (299,852,425) Restricted 43,981,932 25,256,125 Total net position (deficit) $ (276,232,056) $ (274,596,300) FY2019/20 representsthethirdfull yearoftoll operationsforthe Fund.Total assets and deferred outflows of resources increased $19,130,592, or 5%, due to increases in cash and investments. Total liabilities and deferred inflows of resources increased $20,766,348, or 3%, primarily due to increases in toll supported long-term debt related to accreted and compounded interest. The Fund's net investment in capital assets reflects a deficit of $320,213,988 and represents (116%) of the total net position (deficit) in FY 2019/20. The Fund's net position reflects its investment in capital assets (i.e., land and land improvements; buildings; toll infrastructure; equipment, furniture and fixtures; transponders; and toll facility franchise), less any related outstanding debt used to acquire these assets. The Fund uses these capital assets, which include intangible assets, to provide improved mobility for the Fund customers and commuters along the State Route (SR) -91 corridor. Restricted net position, representing resources subject to external restrictions on how they may be used, was $43,981,932 and represents 16% of the total net position at June 30, 2020. 4 RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2020 The analysis below focuses on the changes in net position. RCTC 91 Express Lanes Fund Changes in Net Position 2020 2019 Operating revenues Toll, penalties, and fees Total operating revenues Operating expenses Management and operational services Administrative overhead Other operating expenses Professional services General and administrative Depreciation and amortization Total operating expenses 24,536,873 23,375,043 Operating income $ 56,440,369 $ 58,423,461 56,440,369 58,423,461 10,288,241 9,664,844 912,800 566,500 960,208 748,548 1,341,747 1,089,555 249,768 624,915 10,784,109 10,680,681 31,903,496 35,048,418 Nonoperating revenues (expenses) Investment income 3,896,708 2,764,137 Interest expense (28,855,679) (27,956,792) Loss on sale of capital assets (6,569,606) (3,707,333) Total nonoperating revenues (expenses) (31,528,577) (28,899,988) Income before transfers 374,919 6,148,430 Transfers from (to) the Commission, net (2,010,675) (2,977,396) Change in net position (1,635,756) 3,171,034 Total net position at beginning of year (deficit) Total net position at end of year (deficit) (274,596,300) (277,767,334) $ (276,232,056) $ (274,596,300) The Fund's total operating revenues decreased $1,983,092, or 3%, due to decreased traffic volumes from March through June 2020 resulting from the COVID-19 pandemic. As a result of the COVID-19 pandemic, the 91 Express Lanes temporarily suspended account fees and stopped the escalation of outstanding violations to the collection agency, which are scheduled to resume October 1, 2020. Total operating expenses increased $1,161,830, or 5%, due to increases in operations costs, professional services, and depreciation. Nonoperating expenses, net increased $2,628,589, or 9%, primarily due to increased investment income offset by the loss on the sale of excess land purchased for the 91 Project. Net transfers from the Commission decreased by $966,721 as a result of the transfer of surplus funds to fund the 91 Corridor Operations and 15/91 Express Lanes Connector projects. Total traffic volume on the RCTC 91 Express Lanes Fund during FY 2019/20 was approximately 36,207,200 trips compared to 37,900,600 trips in FY 2018/19. 5 RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2020 Capital Assets As of June 30, 2020, the Fund had $275,566,724, net of accumulated depreciation and amortization, invested in a broad range of capital assets including: land and land improvements; buildings; toll infrastructure comprised of communication equipment and computer hardware and software; equipment, furniture and fixtures; toll facility franchise; and transponders. The decrease of $20,288,490, or 7%, was due to the sale of excess land and the depreciation and amortization of the Fund's toll infrastructure, toll facility franchise, and other capital assets. RCTC 91 Express Lanes Fund Capital Assets, Net of Depreciation 2020 2019 Land and land improvements Toll infrastructure Toll facility franchise Transponders Buildings Equipment, furniture, and fixtures Total capital assets, net $ 29,215,720 10,247,830 234,779,131 178,652 1,124,381 21,010 $ 275,566,724 $ 295,855,214 $ 38,736,133 15,729,648 239,801,144 269,416 1,280,972 37,901 More detailed information about the Fund's capital assets is presented in note 4 to the financial statements. Debt Administration As of June 30, 2020, the Fund had $690,987,132 outstanding in toll revenue bonds, including a toll revenue bond in the form of a Transportation Innovation Finance and Infrastructure Act (TIFIA) loan. The increase of $21,692,561, or 3%, is due to the compounded and accreted interest on the toll -supported long-term debt. RCTC 91 Express Lanes Fund Outstanding Debt 2020 2019 Toll revenue bonds TIFIA loan Total outstanding debt $ 204,647,796 486,339,336 $ 199,423,911 469,870,660 $ 690,987,132 $ 669,294,571 Additional information on long-term debt can be found in note 6 to the financial statements. 6 RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2020 Economic and Other Factors The Fund makes up $28,896,900 or 5% of Commission's FY 2020/21 revenue budget. In FY 2020/21, toll and non -toll revenues are forecasted to decrease by 58% over the FY 2019/20 budget. This decrease is based on estimated toll transactions and current traffic and revenue data resulting from impacts of the COVID-19 pandemic beginning in March 2020. The RCTC 91 Express Lanes have exceeded initial expectations and the Commission's traffic consultant updated the investment grade and traffic and revenue study in December 2018. The average projected long-term rate of growth for toll road revenues beyond FY 2020/21 is 4.9%. The majority of expenses related to the Fund within FY 2020/21 budget are on -going general costs related to day-to-day operations of the toll facility. As a fully electronic toll facility, motorists pay tolls through the convenient use of FasTrak® transponders that automatically deduct toll charges from a prepaid account. Under a cooperative agreement entered into with OCTA in December 2011, the RCTC 91 Express Lanes are jointly operated with the OCTA 91 Express Lanes and collectively referred to as the 91 Express Lanes. The Commission and OCTA agreed on the use of the same initial operator, cost and revenue sharing, toll policies, business rules, interoperability of technology, and shared marketing activities. The joint operation allows for the sharing of costs and a seamless customer experience. Contacting 91 Express Lane's Management This financial report is designed to provide a general overview of the Fund's finances for all those with an interest in the government's finances and to demonstrate the Fund's accountability for the money it receives. Questions concerning any of the information provide in this report or requests for additional information should be addressed to the Chief Financial Officer, Finance Department at the Riverside County Transportation Commission, 4080 Lemon Street, 3rd Floor, P.O. Box 12008, Riverside, CA 92502- 2208. 7 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION RIVERSIDE COUNTY TRANSPORTATION COMMISSION RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Statement of Net Position June 30, 2020 Assets Current assets: Cash and investments Receivables Accounts Interest Due from other Commission funds Prepaid expenses Total current assets $ 60,767,378 626,837 395,472 6,084 167,237 61,963,008 Noncurrent assets: Restricted cash and investments 81,168,497 Net other post -employment benefits assets 43,436 Capital assets, net Nondepreciable 29,215,720 Depreciable and amortizable 246,351,004 Total noncurrent assets 356,778,657 Total assets 418,741,665 Deferred outflows of resources Pension benefits Other post -employment benefits Total assets and deferred outflows of resources 894,523 42,756 419,678,944 Liabilities Current liabilities: Accounts payable 1,562,418 Interest payable 1,976,606 Due to other Commission funds 585,068 Other liabilities 434 Compensated absences liability 14,535 Total current liabilities 4,139,061 Noncurrent liabilities: Net pension liabilities Compensated absences liability Bonds payable - due in more than one year Total noncurrent liabilities Total liabilitieE Deferred inflows of resources Pension benefits Other post -employment benefits Total liabilities and deferred inflows of resources 673,906 38,486 690,987,132 691,699,524 695,838,585 32,832 39,583 695,911,000 Net position Net investment (deficit) in capital assets (320,213,988) Restricted for express lanes 43,981,932 Total net position (deficit) $ (276,232,056) See notes to financial statements 9 RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Statement of Revenues, Expenses and Change in Fund Net Position For the Year Ended June 30, 2020 Operating revenues Tolls, penalties, and fees Operating expenses Management and operational services Administrative overhead Other operating expenses Professional services General and administrative expenses Depreciation and amortization $ 56,440,369 10,288,241 912,800 960,208 1,341,747 249,768 10,784,109 Total operating expenses 24,536,873 Operating income 31,903,496 Nonoperating revenues (expenses) Investment income Interest expense Loss on sale of capital assets Total nonoperating revenues (expenses) 3,896,708 (28,855,679) (6,569,606) (31,528,577) Income before transfers 374,919 Transfers Transfers out to Commission governmental funds Total transfers (2,010,675) (2,010,675) Change in net position (1,635,756) Net position (deficit) at beginning of year (274,596,300) Net position (deficit) at end of year $ (276,232,056) See notes to financial statements 10 RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Statement of Cash Flows For the Year Ended June 30, 2020 Cash flows from operating activities Receipts from customers and users $ 56,666,151 Payments to vendors (12,049,889) Payments to employees (733,014) Payments for RCTC interfund services used (1,531,184) Reimbursements received for shared costs 452,808 Net cash provided by operating activities 42,804,872 Cash flows from noncapital financing activities Transfers of surplus funds to governmental activities Net cash used for noncapital financing activities Cash flows from capital and related financing activities Interest paid on long-term debt Reimbursement from other governments for acquisition of capital assets Proceeds from sale of capital assets Net cash used for capital and related financing activities Cash flows from investing activities Interest received Net cash provided by investing activities (3,083,067) (3,083,067) (7,119,938) 862,000 2,943,152 (3,314,786) 3,819,795 3,819,795 Net increase in cash and cash equivalents 40,226,814 Cash and cash equivalents at beginning of year 101,488,556 Cash and cash equivalents at end of year $ 141,715,370 Reconciliation of cash and cash equivalents to statement of net position Cash and investments $ 60,767,378 Less: fair value adjustment (220,505) Restricted cash and investments Total cash and cash equivalents See notes to financial statements 60,546,873 81,168,497 $ 141,715,370 11 RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Statement of Cash Flows, Continued For the Year Ended June 30, 2020 Reconciliation of operating income (loss) to net cash provided by (used for) operating activities Operating income $ 31,903,496 Adjustments to reconcile operating income to net cash provided by (used for) operating activities Depreciation and amortization expense 10,784,109 Change in assets and liabilities (Increase) Decrease in other receivables, net 675,739 (Increase) Decrease in due in from other Commission funds (6,084) (Increase) Decrease in prepaid assets 34,065 Increase (Decrease) in pension and post -employment benefit liabilities, net of deferred items (534,597) Increase (Decrease) in accounts payable 628,696 Increase (Decrease) in due to other Commission funds (681,180) Increase (Decrease) in deposits payable (96) Increase (Decrease) in compensated absences liability (1,829) Increase (Decrease) in other liabilities 2,553 Total adjustments 10,901,376 Net cash provided by operating activities $ 42,804,872 Noncash capital, financing and investing activities Amortization of bond discount $ 73,073 Accreted and compounded interest 21,619,488 Net increase in the fair value of investments 125,702 See notes to financial statements 12 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 1. Reporting Entity After more than a decade of work, which includes approximately three years of construction, the Riverside County Transportation Commission (Commission) achieved substantial completion on the SR - 91 Corridor Improvement (91 Project) on March 20, 2017, including express lane and general purpose lane improvements. In achieving substantial completion, the RCTC 91 Express Lanes opened to traffic and tolling commenced. The RCTC 91 Express Lanes cover an eight -mile stretch on State Route 91 (SR - 91) between Interstate 15 (1-15) and the Orange/Riverside County line and a tolled direct connector. The RCTC 91 Express Lanes Fund (Fund) is reported as a major enterprise fund in the Commission's basic financial statements. The accompanying financial statements present the net position, changes in net position, and cash flows of the Fund only. They do not purport to, and do not, present the overall financial position of the Commission or its changes in net position as of June 30, 2020. Note 2. Summary of Significant Accounting Policies The accounting policies of the Fund are in conformity with generally accepted accounting principles applicable to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard -setting body for establishing accounting and financial reporting principles. Basis of Accounting: The financial statements of the Fund are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues consisting substantially of tolls and fees, are recorded when earned, and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Toll revenue is recognized when the customers utilize the toll road facility and payment is collected. Enterprise funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services in connection with an enterprise fund's principal and ongoing operations.The principal operating revenues of the Fund are chargesto customers for use of the toll facility. Operating expenses for the Fund include the cost of services, administrative expenses, and depreciation and amortization on capital and intangible assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. Violations: Violations consist of uncollected violation tolls and penalties. Unpaid violations of $75,593,997 as of June 30, 2020 are not recognized as revenue until payment is received. If violations and penalties remain owed for more than 90 days, they are turned over to the collection agency. Unpaid violations remain recorded for a period of four years in accordance with the statute of limitations, at which time, they will be deemed uncollectible. Cash and investments: The Commission maintains cash and investments in accordance with the Investment Policy adopted by the Board of Commissioners in March 2019. The Investment Policy complies with the California Government Code (Code). Investments of bond proceeds as permitted by the applicable debt documents are maintained with U.S. Bank as trustee. Separate investment accounts are maintained for the proceeds of bond issues, with the earnings for each bond issue accounted for separately. The Fund participates in the Riverside County Pooled Investment Fund (RCPIF). Cash from other Commission revenue sources is commingled for investment purposes in the RCPIF, with investment earnings allocated to the different accounts based on average daily account balances. The Commission holds investments that are measured at fair value on a recurring basis. Investments in U.S. Treasury obligations, U.S. agency securities, corporate notes, mortgage and asset -backed securities, and municipal bonds are carried at fair value based on quoted market prices, except for money market investments, which are carried at amortized cost which approximates fair value. The RCPIF is carried at fair value based on the value of each participating dollar as provided by RCPIF. 13 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 2. Summary of Significant Accounting Policies, Continued Cash and cash equivalents: For the purpose of the statement of cash flows, the Commission considers all short-term investments with an initial maturity of three months or less to be cash equivalents. All deposits, commercial paper notes, money market funds, negotiable certificates of deposit, and the Fund's share of the RCPIF represent cash and cash equivalents for cash flow purposes. Restricted cash and investments: Investments set aside in the Senior Lien Obligations Reserve Fund, Senior Lien Capitalized Interest Fund, Residual Fund Scheduled Retained Balance Fund, and Toll Revenue Fund are pursuant to the terms of the 2013 Indenture and their use is limited by applicable debt terms and conditions. Permitted investments per the debt indentures include government obligations, State of California and local agency obligations, banker's acceptances, commercial paper notes, negotiable certificates of deposit, repurchase agreements, money market funds, other mutual funds, investment agreements, RCPIF, and variable and floating rate securities. Receivables: Accounts receivables include amounts due from other California toll road agencies related to their customers' use of the RCTC 91 Express Lanes, as well as amounts owed from the Orange County Transportation Authority (OCTA) in accordance with a cooperative agreement. Capital assets: Capital assets include land and land improvements; toll infrastructure; buildings; equipment, furniture and fixtures; toll facility franchise; and transponders. Capital assets are defined by the Fund as assets with an initial, individual cost of more than $5,000 and a useful life in excess of three years. It is also the Fund's policy to capitalize transponder purchases, as they are considered a significant class of assets even though individually under $5,000. Such assets are recorded at historical cost. The costs of normal maintenance and repairs that do not add value to the asset or materially extend asset lives are not capitalized. Capital assets are depreciated using the straight-line method over the following estimated useful lives: Asset Type Useful Life Buildings 10 years Equipment, furniture and fixtures 3 to 5 years Toll facility franchise 50 years Toll infrastructure 5 to 10 years Transponders 5 years In May 2012 the Commission entered into a toll facility agreement with California's Department of Transportation (Caltrans) and obtained authority to toll the SR -91 from the Orange County/Riverside County line to 1-15 for 50 years commencing as of the first day on which the RCTC 91 Express Lanes open for public use and toll operations. The RCTC 91 Express Lanes opened on March 20, 2017. Deferred outflows of resources: In addition to assets, the statement of net position reports a separate section for deferred outflows of resources. This separate financial statement element, represents a consumption of net position that applies to a future period and so will not be recognized as an outflow of resources (expense) until then. As of June 30, 2020, the Fund has deferred outflows of resources related to pension and other post -employment benefits (OPEB). 14 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 2. Summary of Significant Accounting Policies, Continued Due to other Commission funds: During the course of operations, transactions occur between Commission governmental funds involving goods provided and services rendered. Compensated absences: Vacation hours accumulated and not taken at year-end is reported as a long- term liability, net of current portion, in the Fund. Sick leave is recorded as an expense when taken by the employee. Employees with continuous five years of service have the option of being paid for sick leave accumulated in excess of 240 hours at a rate of 50% (i.e., one hour's pay for every two hours in excess of 240). Any sick leave in excess of 240 hours is accrued at fiscal year-end, and a liability is reported in the Fund. Pensions: For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions and pension expense, information about the fiduciary net position of the Commission's California Public Employees' Retirement System (CaIPERS) plans (Plans) and additions to/deduction from Plans' fiduciary net position have been determined on the same basis as they are reported by CaIPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value. Post -employment benefits other than pensions: For purposes of measuring the net OPEB asset, deferred outflows/inflows of resources related to the OPEB asset and OPEB expense, information about the fiduciary net position of the Commission's OPEB plan, and additions to/deductions from the OPEB fiduciary net position have been determined on the same basis as they are reported by California Employers' Retiree Benefit Trust administered by CaIPERS. For this purpose, benefit payments are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value, except for money markets and participating interest -earning investment contracts that have a maturity at the time of purchase of one year or less, which is reported at cost. Deferred inflows of resources: In addition to liabilities, the statement of net position reports a separate section for deferred inflows of resources. This separate financial statement element, represents an acquisition of net position that applies to a future period and will not be recognized as an inflow of resources, or revenue, until then. The Fund has deferred inflows of resources related to pension and other post -employment benefits. Risk management: The Fund purchases commercial property insurance including business interruption, earthquake, and flood coverage related to the toll facility. Net position: Net position represents the difference between assets plus deferred outflow of resources and liabilities plus deferred inflow of resources and is classified into two categories: • Net investment (deficit) in capital assets consists of capital and intangible assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowings used for the acquisition, construction, or improvement of those assets and excludes unspent debt proceeds. • Restricted net position represents restricted assets less liabilities related to those assets. Restricted assets are recorded when there are limitations imposed by creditors (such as through debt covenants). The statement of net position includes restricted net position for the portion of net toll revenues restricted by the 2013 Master Indenture for toll operations. The deficit in net investment in capital assets will be reduced by future toll revenues for the payment of outstanding toll obligations. 15 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 2. Summary of Significant Accounting Policies, Continued Use of estimates: The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumption that affect certain reported amounts and disclosures during the reporting period. As such, actual results could differ from those estimates. Note 3. Cash and Investments Cash and investments are comprised of the following atJune 30, 2020: Cash in bank Investments With RCPIF With Trustee Total investments Total cash and investments $ 145,362 60,622,016 81,168,497 141,790,513 $ 141,935,875 Total cash and investments are reported in the financial statements as: Unrestricted cash and investments $ 60,767,378 Restricted cash and investments 81,168,497 Total cash and investments $ 141,935,875 Fair Value Hierarchy: The Commission categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure fair value of the assets. Level 1 inputs are quoted prices in an active market for identical assets; Level 2 inputs are based on similar observable assets either directly or indirectly, which may include inputs in markets that are not considered to be active; and Level 3 inputs are significant unobservable inputs (the Commission does not value any of its investments using Level 3 inputs). 16 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 3. Cash and Investments, Continued The following is a summary of the fair value hierarchy of the fair value of investments of the Fund as of June 30, 2020: Fair Value Measurements Using Investments byfairvalue level: June 30, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Investments subject to fair value hierarchy: Mortgage and asset -backed securities U.S.Treasury obligations Money market mutual funds U.S. agency securities Corporate notes Commercial paper notes Negotiable certificates of deposit Municipal bonds Total investments measured at fair value Investments not subject to fair value hierarchy: RCPIF Total investments $ 30,727,113 25,925,908 14,197,031 2,230,032 4,913,792 1,499,676 400,164 1,274,781 $ $ 30,727,113 25,925,908 - 14,197,031 - 2,230,032 4,913,792 1,499,676 400,164 1,274,781 81,168,497 $ 40,122,939 $ 41,045,558 60,622,016 $ 141,790,513 Investments classified in Level 1 of the value hierarchy, valued at $40,122,939 are valued using quoted prices in active markets. Mortgage and asset -backed securities totaling $30,727,1 13, U.S. agency securities totaling $2,230,032, corporate notes totaling $4,913,792, commercial paper notes totaling $1,499,676, negotiable certificates of deposit totaling $400,164, and municipal bonds totaling $1,274,781, classified in Level 2 of the fair value hierarchy, are valued using matrix pricing techniques maintained by various pricing vendors. Matrix pricing is used to value securities based on the securities' relationship to benchmark quoted prices. Fair value is defined as the quoted market value on the last trading day of the period. These prices are obtained from various pricing sources by the custodian bank. 17 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 3. Cash and Investments, Continued As of June 30, 2020, the Fund has the following investments: 18 Investments Fair Value Weighted Average Principal Interest Rate Range Maturity Range Maturity (Years) RCPIF Held by Trustee Negotiable certificates of deposit 400,164 400,010 Commercial paper notes 1,499,676 1,498,274 Corporate notes 4,913,792 4,853,050 Money market mutual funds 14,197,031 14,197,031 Mortgage and asset -backed 30,727,113 29,957,915 securities Municipal bonds 1,274,781 1,270,000 U.S. agency securities 2,230,032 2,150,623 U.S. Treasury obligations 25,925,908 25,246,633 Total Investments $141,790,513 $139,975,047 $ 60,622,016 $ 60,401,511 0.050% -2.724% 07/01/20 - 06/30/25 0.095% 0.141%-0.185% 0.340% - 5.472% 0.010% (0.464%) - 3.023% 0.180% -1.474% 0.171% - 0.872% 0.822% - 0.287% N/A 7/20/20 - 9/8/20 7/1/20 - 5/11/23 N/A 7/20/20 - 9/16/55 4/1/22 -10/1/51 8/12/21 -11 /16/28 7/31/20 -1 /15/29 Portfolio weighted average 1.104 0.038 0.124 1.328 0.000 7.970 14.214 2.897 2.032 3.301 The weighted average maturity is calculated using the investment's effective duration weighted by the investment's fair value. As of June 30, 2020, mortgage and asset -backed securities totaled $30,727,113. The underlying assets are consumer receivables that include credit cards, auto/equipment, and home loans. The securities have a fixed interest rate and are rated Aaa/AA+ at least two of the three nationally recognized statistical rating organizations. Deposits and withdrawals in the RCPIF are made on the basis of $1.00 (cost basis) and not fair value. Accordingly, the Fund's investment at June 30, 2020 is uncategorized, not defined as Level 1, Level 2, or Level 3 input. Interest rate risk: While the Commission does not have a formal policy related to the interest rate risk of investments, the Commission's investment policy follows the Code as it relates to limits on investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. In accordance with the Commission's investment policy, restricted investments are invested in accordance with the maturity provisions of the specific bond indenture, which may extend beyond five years. Custodial credit risk: Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker -dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The Commission's investment policy requires that a third party bank trust department hold all securities owned by the Commission. All trades are settled on a delivery versus payment basis through the Commission's safekeeping agent. The Fund has deposits with a bank balance of $145,362 with a financial institution; bank balances over $5,000,000 are swept daily into a money market account. Of the bank balance, up to $250,000 is federally insured under the Federal Depository Insurance Corporation with balances in excess of RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 3. Cash and Investments, Continued $250,000 collateralized in accordance with the Code; however, the collateralized securities are not held in the name of the Commission. Credit risk: The Commission's investment policy as well as the specific bond indentures set minimum acceptable credit ratings for investments from any of the three nationally recognized statistical rating organizations. The following table is a summary of the credit quality distribution and concentration of credit risk by investment type as a percentage of each category's fair value at June 30, 2020; securities denoted as NR are not rated by one of the nationally recognized statistical rating organizations. Investments Moody's S&P % of Portfolio RCPIF Aaa-bf AAA/f/S1 42.75% Negotiable certificates of deposit P1 NR 0.28% Commercial paper notes Notes P2 A2 0.50% Notes P2 A2 0.56% Corporate Notes Al A+ 0.14% Notes Al AA- 0.18% Notes A2 A 0.21% Notes A2 A- 0.65% Notes A3 A 0.36% Notes A3 A- 0.26% Notes A3 BBB+ 0.82% Notes Aa1 AA 0.20% Notes Aa2 AA 0.10% Notes Aa3 A 0.09% Notes Aaa NR 0.28% Notes Baal A- 0.18% Money market mutual funds Funds Aaa AAA 10.01% Mortgage and asset backed securities Securities Aa1 AA 0.06% Securities Aaa AA+ 20.33% Securities Aaa AAA 0.23% Securities Aaa NR 0.62% Securities NR MA 0.43% Municipal bonds Bay Area Toll Authority Al AA- 0.08% Collin County,Texas Aaa MA 0.12% Colorado Housing and Finance Authority, Inc. Aaa MA 0.32% El Dorado Irrigation District Aa3 AA- 0.11% North Dakota Housing Finance Agency Aa1 NR 0.07% State of New York Urban Development Corpora-tion Aa1 NR 0.13% University of New Jersey, Rutgers Aa3 A+ 0.07% 19 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 3. Cash and Investments, Continued Investments Moody's S&P % of Portfolio U.S. agency securities Notes U.S. Treasu ries Treasury Total Aaa AA+ NR NR 1.57% 18.29% 100.00% Concentration of credit risk: The Commission's investment policy places a limit of 10% on the amount of investment holdings with any one non-U.S. Government or non-federal agency issuer. As of June 30, 2020, the Commission did not have investments in any one issuer that represents more than 5% of the Commission's total investments. Note 4. Capital Assets Balance June 30, 2019 Additions Deletions Balance June 30, 2020 Capital assets not being depreciated: Land and land improvements Total capital assets not being depreciated Capital assets being depreciated and amortized: Toll infrastructure Transponders Buildings Equipment, furniture, and fixtures Toll facility franchise Total capital assets being depreciated and amortized Less accumulated depreciation and amortization for: Toll infrastructure Transponders Buildings Equipment, furniture, and fixtures Toll facility franchise Total accumulated depreciation Total capital assets being depreciated and amortized, net $ 38,736,133 $ 38,736,133 27,899,996 453,818 1,607,626 16,032 60,695 250,692,492 280,714,627 16,032 - $ (9,520,413) - (9,520,413) (12,170,348) (184,402) (326,654) (22,794) (10,891,348) (23,595,546) 257,119,081 (5,481,818) (90,764) (172,623) (16,891) (5,022,013) (10,784,109) (10,768,077) $ 29,215,720 29,215,720 27,899,996 453,818 1,623,658 60,695 250,692,492 280,730,659 (17,652,166) (275,166) (499,277) (39,685) (15,913,361) (34,379,655) 246,351,004 Capital assets, net $ 295,855,214 $ (10,768,077) $ (9,520,413) $ 275,566,724 20 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 4. Capital Assets, Continued On May 14, 2012, the Commission entered into a toll facilities agreement with Caltrans providing the Commission with authorization to toll the SR -91 from Orange/Riverside County line to 1-15 for 50 years commencing as of the first day on which the RCTC 91 Express Lanes open for public use and toll operations. The agreement also set forth the Commission's leasehold rights to Caltrans' right of way and Caltrans' oversight role in the operations and maintenance of the RCTC 91 Express Lanes. Note 5. Interfund Transactions Due from/to other Commission funds: The composition of balances related to due from other funds and due to other funds of the Commission at June 30, 2020 is as follows: Payable Fund Receivable Fund Amount Explanation RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund Commission's Special Revenue fund Total due from (to) other Commission funds, net Commission's General fund Commission's General fund Commission's Special Revenue fund Commission's Special Revenue fund RCTC 91 Express Lanes Enterprise fund $ (33,300) Administrative cost allocation (36,230) Fringe benefits allocation (4,004) 15/91 Express Lanes Connector project reimbursements 91 Corridor Operations project reimbursements 1-15 Express Lanes project reimbursements (511,534) 6,084 $ (578,984) Transfers to/from other Commission funds: During 2020, transfers to/from other Commission funds were as follows: Transfer Out Transfer In Amount Explanation RCTC 91 Express Lanes Enterprise fund Commission's Special Revenue fund RCTC 91 Express Lanes Enterprise fund Commission's Special Revenue fund Total transfers out to other Commission funds 2,006,671 Transfer of surplus funds to fund the 91 Corridor Operations project Transfer of surplus funds to fund the 4,004 15/91 Express Lanes Connector project $ 2,010,675 21 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 6. Long Term Obligations The following is a summary of changes in long-term debt obligations for the year ended June 30, 2020: Balance June 30, 2019 Additions / Accretion Reductions Balance June 30, 2020 Due Within One Year Toll revenue bonds: 2013 Bonds Toll revenue bonds discount Total bonds payable, net TIFIA loan Compensated absences liability Total long-term obligations $ 201,425,284 (2,001,373) 199,423,911 469,870,660 54,850 $ 669,349,421 $ $ 5,150,812 5,150,812 16,468,676 606 21,620,094 $ - $ 206,576,096 $ 73,073 (1,928,300) 73,073 204,647,796 486,339,336 - (2,435) 53,021 14,535 $ 70,638 $ 691,040,153 $ 14,535 In July 2010, the Commission authorized the issuance and sale of not to exceed $900 million of toll revenue bonds related to the 91 Project. In March 2020, the Commission authorized the issuance and sale of not to exceed $725 million of toll revenue refunding bonds related to the RCTC 91 Express Lanes. 2013 Toll Revenue Bonds, Series A (Current Interest Obligation): Outstanding In July 2013, the Commission issued $123,825,000 principal amount of serial current interest bonds (CIBs) at a discount of $2,433,315 to fund a portion of the 91 Project, pay capitalized interest during construction, fund a debt service reserve fund, fund an initial amount for an operations and maintenance fund, and pay costs of issuance. The CIBs consist of a serial bond maturing on June 1, 2044 in the amount of $39,315,000 at an interest rate of 5.75% and a term bond due on June 1, 2048 in the amount of $84,510,000 with annual sinking funds payments of $42,255,000 on June 1, 2047 and June 1, 2048 at an interest rate of 5.75%. $123,825,000 In accordance with the bond maturity schedule, the approximate annual debt service requirements to maturity for the 2013 Toll Revenue Bonds CIBs payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Interest Total 2021 2022 2023 2024 2025 2026-2030 2031-2035 2036-2040 2041-2045 2046-2048 22 $ 39,315,000 84,510,000 $ 123,825,000 $ 7,119,900 7,119,900 7,119,900 7,119,900 7,119,900 35,599,700 35,599,700 35,599,700 33,339,100 12,148,500 $ 187,886,20 $ 7,119,900 7,119,900 7,119,900 7,119,900 7,119,900 35,599,700 35,599,700 35,599,700 72,654,100 96,658,500 $ 311,711,200 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 6. Long Term Obligations, Continued 2013 Toll Revenue Bonds, Series B (Capital Appreciation Obligation): Outstanding In July 2013, the Commission issued $52,829,600 principal amount of serial capital appreciation bonds (CABs) to fund a portion of the 91 Project, pay capitalized interest during construction, fund a debt service reserve fund, fund an initial amount for an operations and maintenance fund, and pay costs of issuance. The CABs will not pay current interest as interest will be compounded commencing December 2013 semiannually and paid at maturity. Therefore, the CABs will increase in value, or accrete, by the accumulation of such compounded interest from its initial principal amount to the maturity value in installments ranging from $3,440,000 to $34,220,000 on various dates from June 1, 2022 through June 1, 2043. Interest rates and yield to maturity range from 5.30% to 7.15%. During 2020, the accretion amount was $5,150,812; the aggregate accretion through June 30, 2020 is $29,921,493. $ 82,751,096 In accordance with the bond maturity schedule, the approximate annual debt service requirements to maturity for the 2013 Toll Revenue Bonds CABs payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Accreted Interest Total 2022 2023 2024 2025 2026-2030 2031-2035 2036-2040 2041-2043 $ 2,396,700 3,098,000 3,739,200 4,364,200 17,069,900 10,369,800 $ 1,423,300 2,231,900 3,245,900 4,450,800 27,500,100 28,340,100 $ 3,820,000 5,329,900 6,985,100 8,815,000 44,570,000 38,709,900 11,791,800 78,458,300 90,250,100 $ 52,829,600 $145,650,400 $ 198,480,000 TIFIA Loan Agreement: Outstanding In July 2013, the Commission executed a TIFIA loan of up to $421,054,409, which proceeds financed a portion of the costs for the 91 Project. During construction and for a period of up to five years following substantial completion, interest is compounded and added to the initial TIFIA loan. The TIFIA loan requires mandatory debt service payments at a minimum and scheduled debt service payments to the extent additional funds are available. TIFIA debt service payments are expected to commence on December 1, 2021, which is five years after substantial completion of the 91 Project, through June 1, 2051. The interest rate of the TIFIA loan is 3.47%. $ 486,339,336 The TIFIA loan is a toll revenue bond that is subordinate to the senior toll revenue bonds. In accordance with the TIFIA loan maturity schedule, the approximate mandatory annual debt service requirements to maturity for the TIFIA loan payable throughout the term of the loan are as follows: 23 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 6. Long Term Obligations, Continued Mandatory Year Ending June 30 2022 2023 2024 2025 2026-2030 2031-2035 2036-2040 2041-2045 2046-2050 2051 Total Future compounded interest Total TIFIA loan Principal $ - $ 50,000 28,991,000 132,279,000 99,107,000 233,347,000 9,564,000 503,338,000 (16,998,664) $ 486,339,336 $ Interest Total 1,921,000 $ 1,921,000 1,921,000 1,921,000 1,924,000 1,924,000 1,919,000 1,919,000 41,117,000 41,167,000 86,968,000 115,959,000 74,338,000 206,617,000 55,153,000 154,260,000 26,550,000 259,897,000 330,000 9,894,000 292,141,000 $ 795,479,000 In connection with the issuance of the 2013 Toll Revenue Bonds consisting of the CIBs and CABs, a debt service reserve of $17,665,460 and an operations and maintenance fund of $3,137,666 were established. Upon opening of the RCTC 91 Express Lanes in March 2017, the operations and maintenance fund was transferred from the trustee to the Commission for operations. Additionally, the toll indenture and TIFIA loan agreement require the Commission to establish a subordinate obligations reserve fund of $20,000,000 no later than July 1, 2019. The $20,000,000 reserve was funded in June 2019 from the proceeds of the sale of excess properties on the SR -91 and surplus revenues. Note 7. Commitments and Contingencies Cooperative agreements: The RCTC SR -91 Express lanes are jointly operated with the existing OCTA 91 Express Lanes and collectively referred to as the 91 Express Lanes. Under the Orange -Riverside Cooperative Agreement, which was entered into in December 2011, the Commission and OCTA agreed on the use of the same initial toll operator, cost and revenue sharing, toll policies, business rules, interoperability of technology, and marketing activities as well as OCTA review of design plans and construction activities for the 91 Project. In May 2013 the Commission entered into a three -party agreement with OCTA and the third -party toll operator, for the operations of the 91 Express Lanes. This will ensure streamlined and consistent intercounty travel for motorists on the OCTA 91 Express Lanes in Orange County and RCTC 91 Express Lanes in Riverside County. The third -party operator provides operating services to the Commission in the annual amount of $6,942,600 plus inflation for three initial years with two one-year extension options, subject to Board of Commissioners approval. The third -party operator is responsible for the day-to- day operations of the toll facility; another contractor is responsible for maintaining the roadside toll collection system under a separate agreement with the Commission. The agreement with the third -party operator expires on December 31, 2021, as amended in September 2019. In November 2019, the Commission awarded an agreement to the third -party operator to develop and install a new back office system and to provide express lane operator services, including the back office 24 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2020 Note 7. Commitments and Contingencies, Continued and customer services center. The third -party operator has a separate contract with OCTA. Each contract has a five-year term, plus two 3 -year options, to operate both the OCTA and RCTC 91 Express Lanes. The operating term begins July 2021. Purchase commitments: The Fund has entered into other agreements in the ordinary course of business with companies and other governmental agencies related to operations and maintenance. These agreements, which are significant, are funded with available and future revenues. Note 8. Pensions and Other Post -Employment Benefits Other Than Pensions The Fund participates in the Commission's cost -sharing multiple employer defined benefit pension plan administered by the California Public Employees' Retirement System and the Commission's OPEB. Employees of the Fund are employees of the Commission as a whole. The required note disclosures regarding pension plans and OPEB are included in the Commission's financial statements. Please see those financial statements for information about the pension plans and OPEB as a whole. The net pension liability of $673,906 and net OPEB asset of $43,436, reported by the Fund, represent the Fund's proportional share of the Commission's net pension liability of $8,921,123 and net OPEB asset of $575,000. The Fund's net pension liability and net OPEB asset each represent 7.55% of the Commission's net pension liability and net OPEB asset, respectively. For the year ended June 30, 2020, the Fund's contributions recognized as part of pension and OPEB expenses were $529,400 and ($5,200), respectively. Note 9. Pronouncements Issued, Not Yet Effective In May 2020, the Commission adopted GASB Statement No. 95, Postponement of the Effective Dates of Certain Authority Guidance. In light of the COVID-19 pandemic and effective immediately, this statement provides temporary relief to governments and other stakeholders with a delay in the effective dates of several GASB statements. The GASB pronouncements issued prior to June 30, 2020 that have an effective date that may impact future financial presentations include: • GASB Statement No. 87, Leases, effective for the fiscal year that ends June 30, 2022; • GASB Statement No. 89, Accounting for Interest Cost Incurred Before the End of a Construction Period, effective for fiscal years beginning after December 31, 2021; • GASB Statement No. 91, Conduit Debt Obligations, effective for fiscal years beginning after December 31, 2022; • Implementation Guide No. 2019-1, Implementation Guidance Update - 2019, effective for the fiscal year that ends June 30, 2021; and • Implementation Guide No. 2019-3, Leases, effective for the fiscal year that ends June 30, 2022. 25 ��f��i��/'/ff'fl��ili11��11i��1N1�%1i��111��1!'r��', ��,��`��,��\�� RIVERSIDE COUNTY TRANSPORTATION COMMISSION RIVERSIDE COUNTY TRANSPORTATION COMMISSION Riverside County Transportation Commission (951) 787-7141 • www.rctc.org 4080 Lemon Street, 3rd Floor P.O. Box 12008 • Riverside, CA 92502-2208 CORONAVIRUS IMPACTS TO THE 91 EXPRESS LANESSR-91 Advisory Committee MeetingMarch 5, 20211 Prior to Coronavirus 2Traffic volumes and toll revenues reached all-time highs in Orange and Riverside CountiesActive accounts and transponders in circulation at the highest levelAccount transition and 6C transponder distribution startedMultiple capital projects underway in the State Route 91 corridor Total Trips for Both Counties Early 20203 Total Trips - After Stay-at-Home Orders4March 19, 2020Governor issues Stay-at-Home orderDecember 3, 2020Governor issues a newStay-at-Home order Total Trips Compared to COVID Cases5Traffic Volumes Drop as COVID Cases Increase in Orange and Riverside CountiesSource: COVID data from usafacts.org Orange County Traffic Volumes6 Orange County Potential Toll Revenues7 Fiscal Year 2021 Revenue Budget to Actuals8July 2020 January 2021 Riverside County Traffic Volumes9 Riverside County Potential Toll Revenues10 Fiscal Year 2021 Revenue Budget to Actuals11July 2020 January 2021 Actions Taken as a Result of COVID12Closed customer walk-in center in CoronaSuspended various operational itemsMonthly account maintenance feesOutbound collection calls and noticesFranchise Tax Board Intercept programTransmittal of violation files to collection agency6C transponder distribution campaignTemporarily modified Toll Policy to stop automatic toll increases Where We Are Today13Customer Service Center remains closed for walk-in serviceResumption of suspended operational itemsToll rates increased/decreased based upon traffic volumesTraffic volumes and toll revenues below prior year averagesLower volume of calls to the Customer Service CenterContractor staff impacted due to COVID issuesSufficient revenues generated to meet debt service requirements Account and 6C Transponder Transition Continues1458 percent of customer accounts transitioned to dateCompletion anticipated by April 2021 Looking Ahead15Continue to evaluate Walk-In Center closureMonitor traffic levels and COVID related state ordersComplete transition to new account structure and distribution of 6C transponderProvide updated information to the OCTA Board of Directors and Riverside County Transportation Commission 15 EXPRESS LANES OPENINGJennifer Crosson, Toll Operations Manager1 215 miles longFour toll segmentsMultiple access points91 Express ConnectorFuture north connector, 2023 Dynamically Priced3$4.20$1.70Based on traffic volume and densityOn road sensors and algorithmCould change as frequently as every 5 minutesMinimum toll rates adopted by CommissionConstant monitoring Transponder Required4108 0000000000 012345123456-78912345108 0000000000 0 123456-789FasTrak Flex Switchable ($15)Interior Sticker ($5)External Headlamp ($5) HOV3+ Discount5100% HOV3+ (at least three months)Reduced to 50% if speed in the express lanes drop below 60 mph three or more times in a thirty-day period Clean Air Vehicle Discount615% discountRegister vehicle at account-holding agencySticker transponder installed and matched to approved plateThis Photoby Unknown Author is licensed under CC BY-SA 7 Changes to the 91 Express Lanes8 FacilitiesWalk-in Center301 Corporate Terrace Circle9Facilities and Maintenance120 N. Joy StreetRegional Operations Center291 Corporate Terrace Circle 10Call CenterWalk-in CenterTransponder fulfillmentMail processingAccount managementViolation processingIncident managementSign managementDynamic pricing Toll System monitoringCustomer ServiceTraffic Operations Revenue Commencement11OPENING SOON Questions??12