HomeMy Public PortalAbout06 June 14, 2006 CommissionProposed Budget
Fiscal Year 2006/07
Budget Summary
•Beginning Fund Balance = $310,406,800
•Total Estimated Sources = $416,166,400
Revenues = $ 253,113,300
Commercial Paper Proceeds = $80,000,000
Transfers in = $83,053,100
•Total Estimated Uses = $487,497,500
Expenditures = $404,444,400
Transfers out = $83,053,100
•Uses over Sources
(offset by beginning fund balance)= $71,331,100
•Ending Fund Balance = $239,075,700
Revenues & Other Sources
Federal State Local/Other Total
Measure A -$ -$ 156,150,000$ 156,150,000$
LTF - - 10,972,400 10,972,400
STA - 6,924,300 - 6,924,300
Caltrans - 3,361,300 - 3,361,300
CMAQ 3,309,800 - - 3,309,800
FTA 4,916,200 - - 4,916,200
Federal Other 7,412,000 - - 7,412,000
TUMF - - 42,000,000 42,000,000
Licenses - - 308,300 308,300
CVAG - - 1,430,300 1,430,300
DMV Fees - 1,425,000 - 1,425,000
FSP - 1,175,900 - 1,175,900
Investment and Other - - 13,727,800 13,727,800
Debt Proceeds - - 80,000,000 80,000,000
Transfers In - - 83,053,100 83,053,100
Total 15,638,000$ 12,886,500$ 387,641,900$ 416,166,400$
Revenues & Other
Sources
-20,000,000 40,000,000 60,000,000 80,000,000 100,000,000120,000,000 140,000,000160,000,000
(In Millions)
Measure A
Transfers In
CP Proceeds
TUMF
Federal
Interest
State
LTF
Other
Summary of Expenditures
FY 2006/07
Expenditures
Management Services $4,526,100
Regional Programs 38,298,400
Capital Project Development and Delivery 322,041,900
Debt Service 39,578,000
Total $404,444,400
Debt Service
10%
Regional
Programs
9%
Capital Project
Development
and Delivery
80%
Management
Services
1%
Management Services
Executive
Management
9%
Finance
30%
Legislative Affairs
and
Communications
21%
Administration
40%
Highlights:
•Implementation of internal
audit risk assessment
program
•New Administrative Assistant
position
•0.5% increase from prior year
budget
FY 2006/07
Expenditures
Executive Management 396,000$
Administration 1,818,600
Legislative Affairs and Communications 938,500
Finance 1,373,000
Total Management Services 4,526,100$
Regional Programs
Planning and
Programming
17%
Rail Operations
21%
Property
Management
3%
Specialized
Transit
20%
Transit
19%
Commuter
Assistance
10%
Motorist
Assistance
9%
Regional Issues
1%
FY 2006/07
Expenditures
Regional Issues 353,400$
Planning and Programming 6,412,100
Rail Operations 8,055,000
Property Management 1,061,800
Specialized Transit 7,825,100
Transit 7,119,500
Commuter Assistance 3,842,100
Motorist Assistance 3,629,400
Total Regional Programs 38,298,400$
Regional Program Highlights
•Increased professional services
Strategic partnership efforts
•Increased project and operation costs
Transit and Specialized Transit
Property maintenance
•Increased SCRRA operating contribution
Cost increase for fuel and insurance
Additional IEOC services
•Decreased capital outlay
Commuter exchange mobile information center
Capital Program
FY2006/07
Expenditures
Salaries and Benefits 875,500$
Professional and Support Costs 1,484,000
Projects and Operations:
General 2,980,500
Highways 52,913,500
TUMF 175,686,000
Rail 15,464,700
Rail Special Study 100,000
Local Streets and Roads 58,318,300
Regional Arterials - Coachella Valley 13,719,400
Capital Outlay 500,000
Subtotal Expenditures 322,041,900
CP Debt Service 4,076,900
Transfers Out 82,677,400
Total Capital Project Development Delivery 408,796,200$
Capital Program
(continued)
General
1%
Rail
4%
TUMF
44%
Regional Arterials-Coachella
Valley
3%
Rail Special Study
0%
Local Streets and Roads
14%
Projects &
Operations
79%
Transfers Out
20%
CP Debt Service
1%
Salaries and Benefits
0%
Professional and Support Costs
0%
Capital Outlay
0%
Highway
13%
Capital Program
Highlights
•Highways/TUMF
SR-79 realignment
Mid County Parkway
Land acquisition for WC/CV MSHCP
Measure A and TUMF pass through funding for local projects
•Rail
Perris Valley Line
Perris Multimodal Facility
North Main Corona station parking structure
Riverside Downtown station parking lot expansion
Capital Program
Highlights (continued)
•Local Street and Roads
$44 million for Western County
$13 million for Coachella Valley
$1 million for Palo Verde Valley
•Regional Arterials in the Coachella Valley
Expenditures
Breakdown by Function
Projects and
Operations
86%
Debt Service
10%
Support
1%
Personnel
1%Capital Outlay
0%
Professional
2%
FY2006/07
Expenditures
Personnel 4,636,300$
Professional 7,781,800
Support 2,397,000
Projects and Operations 349,356,300
Debt Service 39,578,000
Capital Outlay 695,000
Total Expenditures 404,444,400$
Measure A Administration
Policy
•Measure A limits administrative salaries and
benefits to 1% of Measure A sales tax
revenues
•Commission policy for total administration
costs not to exceed 4% of Measure A sales
tax revenues
Measure A
Administration
0.00%0.50%1.00%1.50%2.00%2.50%3.00%
Actual
Actual
Actual
Projected
Budget
FY
02
/
0
3
FY
03
/
0
4
FY
04
/
0
5
FY
05
/
0
6
FY
06
/
0
7
Salaries and Benefits %Administrative Costs %
Next Steps
•Receive input for proposed budget today
•Finalize budget and related document
•Close public hearing and adopt final budget