HomeMy Public PortalAbout03 March 21, 2008 State Route 91 Advisory83269 JS/JSt./JH/AM/CB
STATE ROUTE 91 ADVISORY COMMITTEE
AGENDA
Date:
Time:
Friday, March 21, 2008
9:00 a.m.
Where: City of Corona - City Hall
City Council Chambers - First Floor
400 South Vicentia Avenue
Corona, California
MEMBERS
Jeff Miller
Committee Chairman
Carolyn Cavecche
Committee Vice Chairman
Bob Buster Curt Pringle
RCTC OCTA
Bill Campbell
OCTA
John Tavaglione
RCTC
Jerry Amante Frank Hall Ron Roberts
OCTA RCTC Committee Alternate
RCTC
Art Brown Bob Magee
OCTA RCTC
EX-OFFICIO MEMBERS
Michael A. Perovich
Caltrans District 8
Cindy Quon
Caltrans District 12
Paul Biane
SANBAG
For further information, please contact Wendy Knowles, Orange County Transportation Authority
Clerk of the Board, at (714) 560-5676.
HH.35.02
AGENDA
State Route 91 Advisory Committee Meeting
City of Corona — City Hall
City. Council Chambers — First Floor
400 South Vicentia Avenue
Corona, California
Friday, March 21, 2008, at 9:00 a.m.
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 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
The agenda descriptions are intended to give notice to 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.
Public Comments on Agenda Items
Members of the public wishing to address the Committee regarding any item appearing on the
agenda may do so by completing a Speaker's Card and submitting it to the Clerk of the Board.
Speakers will be recognized by the Chairman at the time the agenda item is to be considered.
A speaker's comments shall be limited to three (3) minutes.
Call to Order
Committee Chairman Miller
Pledge of Allegiance
Committee Member Buster
Special Calendar
1. Election of New State Route 91 Advisory Committee Chairman
2. Election of New State Route 91 Advisory Committee Vice Chairman
Page 1 of 4
AGENDA
State Route 91 Advisory Committee Meeting.
Consent Calendar (Items 3 through 6)
All matters on the Consent Calendar are to be approved in one motion unless a
Committee member or member of the public requests separate action on a specific
item.
3. Approval of Minutes
Of the November 30, 2007, State Route 91 Advisory Committee meeting.
4. Proposed State Route 91 Advisory Committee Meeting Calendar for the
Year 2007
Laurena Weinert, Assistant Clerk of the Board, Orange County Transportation
Authority,
Overview
Presented is the proposed State Route 91 Advisory Committee meeting calendar
for 2008, depicting the Committee meeting dates for the year.
•Recommendation
Adopt the State Route 91 Advisory Committee meeting calendar for the year 2008.
5. 91 Express Lanes Monthly Status Reports
Kirk Avila, General Manager of 91 Express Lanes, Orange County Transportation
Authority
Overview
The 91 Express Lanes status reports for the months of October 2007,
November 2007, December 2007, and January 2008 have been prepared for the
State Route 91 Advisory Committee review. The reports highlight operational and
financial activities.
Recommendation
Receive and file the 91 Express Lanes Monthly Status Reports for the months of
October 2007, November 2007, December 2007, and January 2008.
Page 2 of 4
AGENDA
State Route 91 Advisory Committee Meeting
6. 91 Express Lanes Financial Statements
Kirk Avila, General Manager of 91 Express Lanes, Orange County Transportation
Authority
Overview
Mayer Hoffman McCann P.C., an independent firm, has completed its annual
audit of the 91 Express Lanes financial statements for fiscal year 2007 and has
issued its independent auditor's opinion. A copy of the audited financial
statements is attached for the State Route 91 Advisory Committee review.
Recommendation
Receive and file the 91 Express Lanes Annual Financial Statements for fiscal
year 2007.
Regular Calendar
There are no Regular Calendar items.
Discussion Items
7. Status of State Route 91 Legislation
John Standiford, Deputy Executive Director, Riverside County Transportation
Commission
8. 91 Express Lanes Video
Stella Lin, Manager of Marketing, Orange County Transportation Authority
9. 91 Express Lanes/Foothill-Eastern Transportation Corridor (State Route 241)
Connector Feasibility Study Status Report
Dan Phu, Section Manager, Orange County Transportation Authority
10. 91 Express Lanes Variable Rate Debt
Kirk Avila, General Manager of 91 Express Lanes, Orange County Transportation
Authority
11. General Manager's Report
12. Committee Members' Reports
13. Public Comments
Page 3 of 4
AGENDA
State Route 91 Advisory Committee Meetings
14. Closed Session
There is no Closed Session scheduled.
15. Adjournment
The next regularly scheduled meeting date of the State Route 91 Advisory
Committee will be determined under Item 4 and will be held at the Orange
County Transportation Authority Headquarters, 600 South Main Street, First
Floor — Room 154, Orange, California.
Page 4of4
MINUTES
State Route 91 Advisory Committee Meeting
Members Present Other Attendees
Jeff Miller, Chairman Arthur T. Leahy, OCTA, Chief Executive Officer
Carolyn Cavecche, Vice Chair Paul Taylor, OCTA, Deputy Chief Executive Officer
Jerry Amante Anne Mayer, RCTC, Executive Director
Bob Buster Kirk Avila, General Manager of 91 Express Lanes
Bill Campbell Steve DeBaun, RCTC, Legal Counsel
Bob Magee Kennard R. Smart, Jr., OCTA, General Counsel
Michael A. Perovich Laurena Weinert, OCTA, Assistant Clerk of the Board
Curt Pringle Mary Burton, OCTA, Deputy Clerk of the Board
John Tavaglione OCTA and RCTC staff and members of the General Public
Cindy Quon
Members Absent
Art Brown
Frank Hall
Ron Roberts
Call to Order
The November 30, 2007, meeting of the State Route 91 Advisory Committee was called
to order by Committee Chairman Miller at 9:13 a.m. at the Orange County
Transportation Authority Headquarters, 600 South Main Street, First Floor — Room 154.
Pledge of Allegiance
Committee Vice Chairman Cavecche led in the Pledge of Allegiance.
Special Calendar
There were no Special Calendar matters.
Consent Calendar (Items 1 and 2)
1. Approval of Minutes
A motion was made by Member Tavaglione, seconded by Member Pringle, and
declared passed by those present, to approve minutes of the
State Route 91 Advisory Committee meeting of May 18, 2007.
Member Amante abstained on this matter.
2. 91 Express Lanes Monthly Status Reports
A motion was made by Member Tavaglione, seconded by Member Pringle, and
declared passed by those present, to receive and file the 91 Express Lanes
Monthly Status Reports for the months of July 2007, August 2007, and
September 2007.
November 30, 2007 Page 1 of 5
MINUTES
State Route 91 Advisory Committee Meetin
Regular Calendar
3. Results of 91 Express Lanes 2007 Customer Satisfaction Survey
Marcelo Sandoval, OCTA Marketing Program Administrator on the 91 Express
Lanes, reported on the survey's methodology and sampling, objectives,
customer satisfaction, toll road usage, customer characteristics, toll road
extension, communications preference, how transponders were acquired, and
key insights.
There was additional discussion regarding:
• Accidents in the 91 Express Lanes have gone down the past few years.
• The rates are raised on a quarterly basis and the adjustments apply to
different hours.
• The customers prefer that the Express Lanes be kept free flowing.
• The main line traffic speeds are slower by eight to ten miles at the county line
and could potentially be creating a bottleneck, as customers exist the express
lanes.
• Committee Chairman Miller requested a presentation of this material at a
111,
RCTC Board meeting.
A motion was made by Committee Vice Chairman Cavecche, seconded by
Member Buster, and declared passed by those present, to direct staff to forward
the 91 Express Lanes 2007 Customer Satisfaction Survey to the Orange County
Transportation Authority Board of Directors.
Discussion Items
4. Update on Express Bus Services between Riverside and Orange Counties
Gordon Robinson, OCTA Senior Transportation Analyst, provided an update on
the Riverside Transit Agency (RTA) and OCTA express bus services operating
along the State Route 91 corridor, proposed OCTA 792/A express service, and
cooperative operating agreements.
Erin Rogers, OCTA Manager of Community Transportation Services, provided an
update on the funding arrangements and proposed funding.
November 30, 2007 Page 2 of 5
MINUTES
State Route 91 Advisory Committee Meeting
4. (Continued)
There was additional discussion regarding:
• Member Campbell requested the farebox return for the current RTA and OCTA
express services.
• Member Pringle requested a review of the 792/A route linkage to the Anaheim
Regional Transportation Intermodal Center.
• Member Buster requested a cost -per -mile comparison of express bus riders
versus Metrolink riders and which service receives the greatest subsidy.
• Committee Chairman Miller requested information on how ridership is marketed
in Orange and Riverside Counties.
• OCTA staff will return to this Committee with an update regarding the finalized
792/A route alignment.
5. Upper Ortega Highway Safety Improvement Project Update
Pam Gorniak, Caltrans District 12 Public Information Officer, provided an update
regarding roadway improvements, new drainage system, and recent activities on
the Ortega Highway safety improvement project. A brochure was also distributed
to the Members.
There was additional discussion regarding:
• Member Magee thanked Caltrans for the public outreach.
• Caltrans will have the project completed by January 2009.
• There is one direction of travel westbound for the greater demand in the
morning and eastbound in the evening.
• Cutting back rock walls on 13 curb sections of the 20-mile segment for
improved sight lines.
• Caltrans District 12 invited the Members to tour the project.
Cathy Bechtel, RCTC Project Development Director, provided an update regarding
an OCTA/RCTC cooperative operational study for potential improvements on
Ortega Highway between Interstate 15 in the City of Lake Elsinore and Antonio
Parkway/La Pata in Orange County. The study will be completed in August 2008.
November 30, 2007 Page 3 of 5
MINUTES
State Route 91 Advisory Committee Meetins
6. State Route 91 Eastbound Lane Addition from State Route 241 to
State Route 71 Update
Jim Beil, Caltrans District 12 Deputy District Director, provided an update and
distributed to the Members an executive progress summary of the project.
There was additional discussion regarding:
• The project will add an additional mixed -flow lane on State Route from
State Route 241 eastbound to the State Route 71.
• Green River and Serfas Club Drive projects will be completed prior to this
project.
• This project is also taking into consideration future lane additions.
7. General Manager's Report
Kirk Avila, General Manager of the 91 Express Lanes, reported:
• Cameras on the Express Lanes have been installed, and monitors are in the
new traffic operations center. An invitation was extended to the Members to
tour the new facilities.
• Financial statements for the 91 Express Lanes are completed and will go t
•
the OCTA Board in January 2008.
• The next toll adjustment is scheduled for January 1, 2008, and there is no
cap on how high the tolls can be adjusted for individual hours.
8. Committee Members' Reports
Member Amante announced that the Coastal Commission hearing regarding the
241 toll road extension is scheduled between February 6 and 8, and he
distributed a handout regarding support for the extension of the 241 toll road.
Committee Chairman Miller reported that RCTC and City of Corona have
adopted a support position for the 241 toll road extension. He will testify at the
Coastal Commission hearing.
Member Campbell thanked the RCTC Board for dedicating $50,000 to a relief
fund for fire victims.
9. Public Comments
There were no public comments.
November 30, 2007 Page 4 of 5
MINUTES
State Route 91 Advisory Committee Meeting
10. Closed Session
There was no Closed Session conducted.
11. Adjournment
The meeting adjourned at 10:23 a.m. The next regularly scheduled meeting of
the State Route 91 Advisory Committee is yet to be determined and will take
place in Corona, California.
ATTEST
Laurena Weinert
OCTA Assistant Clerk of the Board
Jeff Miller
Committee Chairman
November 30, 2007 Page 5 of 5
RI
OCTA
March 21, 2008
To:
From: Arthur T. Leah , ' ief Executive Officer
Subject: Proposed State Route 91 Advisory Committee Meeting Calendar
for the Year 2008
Overview
State Route 91 Advisory Committee
Presented is the proposed State Route 91 Advisory Committee meeting
calendar for 2008, depicting the committee meeting dates for the year.
Recommendation
Adopt the State Route 91 Advisory Committee meeting calendar for the year
2008.
Discussion
The 2008 State Route 91 Advisory Committee (Committee) calendar has been
prepared by the Orange County Transportation Authority Assistant Clerk of the
Board with input from the Committee Chair and is presented for approval and
adoption.
The proposed calendar takes into consideration various agencies' calendars,
events, and conferences. A listing of those dates is provided as Attachment A.
The proposed 2008 calendar schedule is provided as Attachment B.
Summary
Approval is requested for the State Route 91 Advisory Committee meeting
calendar, which sets dates for the year of 2008.
Orange County Transportation Authority
550 South Main Street/P.O. Box 14184/Orange /California 92863-1584 / (714) 560-OCTA (6282)
Proposed State Route 91 Advisory Committee Meeting Calendar Page 2
for the Year 2008
Attachments
A. Pertinent Agencies' 2008 Event and Conference Schedules
B. 2008 Meeting Calendar for the State Route 91 Advisory Committee
Prepared by:
) eein
daurena Weinert
Assistant Clerk of the Board
(714) 560-5443
•
•
ATTACHMENT A
PERTINENT AGENCIES' 2008
EVENT AND CONFERENCE SCHEDULES
THE FOLLOWING DATES WERE CONSIDERED IN PREPARATION OF THE
PROPOSED 2008 STATE ROUTE 91 ADVISORY COMMITTEE MEETING
CALENDAR:
League of California Cities' Legislative Action Days
(April 16 - 17, 2008)
League of California Cities Mayors' and Council Members' Executive Forum
(June 4 - 6, 2008)
League of California Cities Mayors' and Council Members' Advanced
Leadership Academy
(June 6 - 7, 2008)
League of California Cities' Annual Conference
(September 24 - 27, 2008)
League of California Cities' Legislative Briefings
(November 2008 - dates TBD)
National League of Cities Congressional City Conference
(March 8 - 12, 2008)
Orange County Board of Supervisors' Board Meetings
(Tuesdays)
Orange County Transportation Authority Board Meetings
(2nd and 4th Monday each month)
Riverside County Transportation Commission
Commission Meetings (211d Wednesday of the month)
South Coast Air Quality Management District
Governing Board Meetings (1st Friday each month)
Mobile Source Committee (3`d Friday each month)
Southern California Association of Governments
Executive Committee, Administration Committee, Policy Committees
and Regional Council meetings (1st Thursday each month)
Southern California Regional Rail Authority (Metrolink)
Board Meetings (4th Friday each month)
Committee Meetings (2nd Friday each month)
ATTACHMENT B
2008 MEETING CALENDAR
for the
STATE ROUTE 91 ADVISORY COMMITTEE
March 21, 2008
(3rd Friday)
9:00 a.m.
City of Corona — City Hall
City Council Chambers - First Floor
400 South Vicentia Avenue
Corona, California
May 30, 2008
(5th Friday)
9:00 a.m.
Orange County Transportation Authority
Headquarters — First Floor, Room 154
600 South Main Street
Orange, California
August 15, 2008
(3ra Friday)
9:00 a.m.
City of Corona — City Hall
City Council Chambers - First Floor
400 South Vicentia Avenue
Corona, California
December 19, 2008
(3`d Friday)
9:00 a.m.
Orange County Transportation Authority
Headquarters — First Floor, Room 154
600 South Main Street
Orange, California
•
" F A
O C T A
M a r c h 2 1 , 2 0 0 8
T o : S t a t e R o u t e 9 1 A d v i s o r y C o m m i t t e e
F r o m : K i r k A v i l a , G e n e r a l M a n a g e r , 9 1 E x p r e s s L a n e s
S u b j e c t : 9 1 E x p r e s s L a n e s M o n t h l y S t a t u s R e p o r t s
O v e r v i e w
T h e 9 1 E x p r e s s L a n e s s t a t u s r e p o r t s f o r t h e m o n t h s o f O c t o b e r 2 0 0 7 ,
N o v e m b e r 2 0 0 7 , D e c e m b e r 2 0 0 7 , a n d J a n u a r y 2 0 0 8 h a v e b e e n p r e p a r e d f o r
S t a t e R o u t e 9 1 A d v i s o r y C o m m i t t e e r e v i e w . T h e r e p o r t s h i g h l i g h t o p e r a t i o n a l
a n d f i n a n c i a l a c t i v i t i e s .
R e c o m m e n d a t i o n
R e c e i v e a n d f i l e t h e 9 1 E x p r e s s L a n e s M o n t h l y S t a t u s R e p o r t s f o r t h e m o n t h s
o f O c t o b e r 2 0 0 7 , N o v e m b e r 2 0 0 7 , D e c e m b e r 2 0 0 7 , a n d J a n u a r y 2 0 0 8 .
B a c k g r o u n d
M o n t h l y s t a t u s r e p o r t s a r e p r e p a r e d t o d o c u m e n t 9 1 E x p r e s s L a n e s a c t i v i t y a n d
p r o v i d e d f o r S t a t e R o u t e 9 1 A d v i s o r y C o m m i t t e e r e v i e w .
D i s c u s s i o n
T h e O c t o b e r 2 0 0 7 , s t a t u s r e p o r t f o r t h e 9 1 E x p r e s s L a n e s i s p r o v i d e d i n
A t t a c h m e n t A . I n O c t o b e r 2 0 0 7 , t r a f f i c v o l u m e i n t h e 9 1 E x p r e s s L a n e s
d e c r e a s e d 2 . 3 p e r c e n t o v e r t h e s a m e p e r i o d i n 2 0 0 6 , w h i l e g r o s s p o t e n t i a l t o l l
r e v e n u e i n c r e a s e d b y 5 . 9 p e r c e n t o v e r t h e p r i o r y e a r .
T h e N o v e m b e r 2 0 0 7 , s t a t u s r e p o r t f o r t h e 9 1 E x p r e s s L a n e s i s p r o v i d e d i n
A t t a c h m e n t B . I n N o v e m b e r 2 0 0 7 , t r a f f i c v o l u m e d e c l i n e d b y 7 . 1 p e r c e n t o v e r
t h e s a m e p e r i o d i n 2 0 0 6 w i t h g r o s s p o t e n t i a l t o l l r e v e n u e d e c r e a s i n g b y
1 . 1 p e r c e n t .
T h e D e c e m b e r 2 0 0 7 , s t a t u s r e p o r t f o r t h e 9 1 E x p r e s s L a n e s i s p r o v i d e d i n
A t t a c h m e n t C . I n D e c e m b e r 2 0 0 7 , t r a f f i c v o l u m e i n t h e 9 1 E x p r e s s L a n e s
O r a n g e C o u n t y T r a n s p o r t a t i o n A u t h o r i t y
5 5 0 S o u t h M a i n S t r e e t / P . O . B o x 1 4 1 8 4 / O r a n g e / C a l i f o r n i a 9 2 8 6 3 - 1 5 8 4 / ( 7 1 4 ) 5 6 0 - O C T A ( 6 2 8 2 )
91 Express Lanes Monthly Status Reports Page 2
decreased by 10.7 percent over the same period in 2006 and gross potential
toll revenue decreased by 5 percent as compared to the prior year.
The January 2008, status report for the 91 Express Lanes is provided in
Attachment D. In January 2008, traffic volume in the 91 Express Lanes
decreased by 12.2 percent over the same period in 2007 and gross potential
toll revenue decreased by 6.7 percent as compared to the prior year.
Fiscal year 2008 year-to-date (YTD) traffic volume as of the end of
January 2008 was down by 4.7 percent with YTD gross potential toll revenue
up 1.5 percent.
The decrease in traffic volumes and the resulting slowdown in the growth of
revenues can be attributed to various factors affecting the regional economy.
Gasoline prices are at record levels, gasoline consumption is flat, and the
unemployment rate is rising in Orange County. Staff will continue to closely
monitor traffic and revenue data and report back to the Advisory Committee
regularly.
Summary
The 91 Express Lanes status report for the months of October 2007,
November 2007, December 2007, and January 2008 are provided for review.
The report highlights operational and financial activities.
Attachments
A. 91 Express Lanes Monthly Status Report — As of October 31, 2007
B. 91 Express Lanes Monthly Status Report — As of November 30, 2007
C. 91 Express Lanes Monthly Status Report — As of December 31, 2007
D. 91 Express Lanes Monthly Status Report — As of January 31, 2008
•
ATTACHMENT A
ocTA Orange County Transportation Authority
piss
Lacs
Status Report
October 2007
As of October 31, 2007
Operations Overview
Traffic and Revenue Statistics
Total traffic volume on the 91 Express Lanes for October 2007 was 1,231,583. This represents a
daily average of 39,728. This is a 2.3% decrease in total traffic volume from the same period last
year when traffic levels totaled 1,260,626. A possible cause of the decrease can be the recent
wildfires in Southem California. Potential toll revenue for the month was $3,699,870 which
represents an increase of 5.9% from the prior year's total of $3,494,650. Carpool percentage for
the month was 19.74% compared to the previous years rate of 19.80%. Average hourly revenue
per trip is $0.04 or 1.3% less than projected by Vollmer.
Month -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 91 Express Lanes and associated
potential revenue for the month of October 2007.
Current Month -to -Date as of October 31, 2007
(2006/2007 data is for the corresponding month in that fiscal year)
Full Toll Lanes
3+ Lanes
Total Gross Tri.s
Full Toll Lanes
3+ Lanes
Total Gross Revenue
Average Full Toll Lanes
Average 3+ Lanes
Average Gross Revenue
988,418
243,165
1,231,583
$3,609,164
$90,705
$3,699,870
$3.65
$0.37
$3.00
986,586
229,229
1,215,814
$3,627,243
$72,929
$3,700,171
$3.68
$0.32
$3.04
1,832
13,936
15,769
($18,079)
$17,777
($302)
($0.03)
$0.05
($0.04)
0.2%
6.1%
1.3%
(0.5%)
24.4%
(0.0%)
(0.8%)
15.6%
(1.3%)
1,010,984
249,642
1,260,626
$3,418,013
$76,638
$3,494,650
$3.38
$0.31
MBE
(2.6%)
5.6%
18.4%
5.9%
$2.77
8.0%
19.4°%
8.3%
The 2007/2008 fiscal year-to-date traffic volume is 0.8% lower than the same period last year.
The 2007/2008 fiscal year-to-date revenue is 5.8% higher than for the same period last year and
is below Vollmers projections by 5.1 %. Year-to-date average hourly revenue per -trip is $0.15 or
4.9% less than projected by Vollmer.
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 91 Express Lanes and associated
potential revenue for the months of July 2007 through October 2007.
Fiscal Year 2007/2008 to Date as of October 31, 2007
(2007/2008 data is for the period July 1, 2007 through October 31, 2007; 2006/2007 data is for the corresponding period
in that fiscal year)
Full Toll Lanes
3+ Lanes
Total Gross Trigs
Full Toll Lanes
3+ Lanes
Total Gross Revenue
Average Full Toll Lanes
Average 3+ Lanes
3,822,450 3,889,571 (67,121)
1,053,184
4 875,634
988,414
4,877,986
$13,751,514 $14,551,143
64,770
2.352
($799,629)
$344,183 $294,371 $49,812
$14,095,697 $14,845,514 ($749,818)
I
$0.30 $3.74 I ($0.14 $0.03
$3.60 )
$0.33
$3.04 ($0.15
Average Gross Revenue $2.89 )
(1.7%)
6.6%
0.0%
3,880,145
1,035,295
4,915,440
(5.5%) $13,024,578
16.9% $303,699
(5.1%) $13,328,276
(3.7%) $3.36
10.0% $029
(4.9%) $2.71
(1.5%)
1.7%
(0.8%)
5.6%
13.3%
5.8%
7.1 %
13.8%
6.6%
•
"
T r a f f i c a n d R e v e n u e S u m m a r y
T h e c h a r t b e l o w r e f l e c t s t h e t o t a l t r i p s b r e a k d o w n b e t w e e n F u l l T o l l t r i p s a n d H O V 3 + t r i p s f o r
F i s c a l Y e a r 2 0 0 7 / 0 8 o n a m o n t h b a s i s .
F i s c a l Y e a r 2 0 0 7 - 2 0 0 8 T r a f f i c V o l u m e O v e r v i e w
O c t - 0 7 N o v - 0 7 D e c - 0 7 J a n - 0 8 F e b - 0 8 M a r - 0 8 A p r - 0 8 M a y - 0 8 J u n - 0 8
M o n t h
T h e c h a r t b e l o w r e f l e c t s t h e g r o s s p o t e n t i a l r e v e n u e b r e a k d o w n b e t w e e n F u l l T o l l t r i p s a n d
H O V 3 + t r i p s f o r F i s c a l Y e a r 2 0 0 7 / 0 8 o n a m o n t h l y b a s i s .
$ 3 , 6 3 0 , 0 0 0
$ 3 , 4 5 0 , 0 0 0
l g $ 3 , 2 7 0 , 0 0 0
m
c t , $ 3 , 0 9 0 . 0 0 0
$ 2 , 9 1 0 , 0 0 0
$ 2 , 7 3 0 , 0 0 0
$ 2 , 5 5 0 , 0 0 0
F i s c a l Y e a r 2 0 0 7 - 2 0 0 8 R e v e n u e S u m m a r y
9 4 , 1 3 2
8 3 , 8 9 6
3 , 6 1 3 , 2 6 0
3 , 3 2 2 , 5 1 9
7 5 , 4 5 0 l i
1 3 , 6 0 9 , 1 6 4 `
3 , 2 0 0 , 7 8 8 '
J u l - 0 7 A u g - 0 7 S e p - 0 7 O c t - 0 7 N o v - 0 7 D e c - 0 7 J a n - 0 8 F e b - 0 8 - M a r - 0 8 A p r - 0 8 M a y - 0 8 J u n - 0 8
M o n t h
�% F u l l T o l l L a n e s B 3 + L a n e s
Forty-nine times during the month of October 2007, peak hour eastbound traffic as reflected in
the chart below exceeded 90% or more of defined capacity, with the highest volume at 107% of
defined capacity on Wednesday, October 3`d, during the 3:00 pm hour. As demonstrated on the
next chart, westbound peak hour traffic volumes top out at 87% of defined capacity.
EASTBOUND PEAK -HOUR VOLUMES
•
Monday 10/01107
Tuesday
10/02/07
Wednesday
10/03107
Thursday 10/04/07
Friday
10/05/07
PM Tune
:,R,fMA..
,..
P�P�
xa.l- ,»�.: ,. s��
�xR*+7"4
•-, .: _:
1400-1500
$3.80
238
1,807
53%
53.80
269
2,318
68%
$3.80
256
2,162 64%
$3.90 258 2,283
67%
$5.10
405
2,993
88%
1500 -1600
$4.10
501
2,948
87%
14.70
-619 :
3,413
,100%
54.95"=,
521
3,628 a 107Y.
- 05-, 328 . ,9.089
1600-1700
56.85
470-�
3055
904";
18,00
482'�`
8.079
<3tm'
um `.511
,3,278 =.'95%
$925 513 2,992
88%
=$9.50
.'<487,
,13,088
91%i`:
1700-1800
$665
412
2,893
85%
$8.50
438
2,932
86%
$8.50
451
2,989 88%
$9.25 467 2,936
86%
$8.00
464
3,016
899$
1800-1900
$4.10
514
2,948
87%
$5.45
441
2,600
76%
$4.95
494
2,985 88%
45175,.,,545 •-�,`3,067;..
�00%'i
$4.90
480
2,925
86%
1900-2000
$2.90
321
1,738
51%
$2.90
382
2,112
62%
$2.90
364
2,172 64%
$4.15 393 2,323
68%
$4.55
459
2462
72%
Monday 10/08107
Tuesday 10109/07
Wednesday
10/10/07
Thursday
10/11107
Friday - 10/12/07
PM Time
t`
.. ° .„ Y
"
ram' -. WN,
�
r
-..
v _� :,
# ..� .r7�Gl!+%"`
...
1 0..... N .
" ,9A5
1400-1500
$3.80
283 2,040
60%
53.80 239 Z033
60%
$3.80
287
2,157
63%
$3.90
287
2368 70%
$5.90
385 3,154
93%:"-
1500-1600
$4.10
527 2,931
86%
�$1,70 nS08- 8,097
91%-
$495
525
3023
89%
1L9.'5
510
SA62 91%,192
.
800 t1,116
`92%'�:
1600-1700
$6.85
467 2,870
84%
s$0.p0 497�>,110
319. 2%
$1.50.
,; 525_,
3,
3%
39.25-•
4B2
3,122 92%
$950
497 2,997
88%
1700-1800
$6.65
426 2,922
86%
;a.50 470'?' 7,071
90%
$8.50
478
2,999
88%
70.,
$,p91 91%
40,00
y463, 12,061
90%'I,
1500-1900
$4.10
439 2,813
83%
4354. 6'3,198
W%r"
$1.95
517
2,964
87%
$575
494
3,034 69%
54.90
550 3,003
88%
1900.2000
$2.90
338 2,062
61%
5290 362 z570
76%
$2.90
334
1,872
55%
$4.15
380
2,280 67%
$4.55
418 2,117
62%
PM Time
1400 -1500
1500 -1600
1600-1700
1700 1800
1800 -1900
1900-2000
Monday 10/15/07
$3.80 245 1,876 55%
$4.10 496 2,997 88%
66-65'
524 2,785 82%
$2.90 279 1,664 49%
$4.10
Tuesday 10116107
59 %
89 %
9495
92
5.1%
$2.90 303 2058 61%
53.80 222
1,995
3,025
Wednesday 10117/07
$3.80 236
14.951
$8.50 464
$2.90 387
64%
Thursday 10/18107
$9.25 433
2,759
$539 + 528 ; 077.
$4.15 465
2.695
81%
79%
Friday
$5.10
$9.25
59.50
$8.00
$4.90
$4.55
395
531
521
527
518
502
10/19107
II
9, " Pi
88
84%
89%
990 88%
94a e7%
2,9
96
2856
3.0
11
2
z
z
221 65%
Monday
lama
Tuesda�y 10/23M7
Wednesday
10/24107
Thursday
10125/07
Friday 1O126/07 -
PM Time
wFPA-
��^� ....
.* +e '°-?'.
y
' .°*K3' r p.-
..
-Fw.
N r $`
•, ,
'-'!,4105i
- <
...,..�
to
....., `:.�,_
1400-1500
$3.80.
263
2,583 - 76%
83.80
228 2083
61%
$3.80
237
2,120
62%
$3.90
266
2,362
69%
$5.10
392 2898 85%
1500 1600
,Sd.10
519
3' 62 r 90%:?
$470
521 2,990
88%
$4.95-:
",',582
:•3'1
939
34.95,
553
3,217
9686
5915
`502 "•;. 3,1T7 ' 93%aa,
1600-1700
S6.55
489-,
:.596 ,K97%-
Q$&W
'JMI, 3,090...
91%;
$8.50.
458
2,973
87%
$92Sy
532
3113
92%'=
$950
493 z936 86%
1700-1800
$6E5
389
2,817 83%
$8.50
458 2,754
81%
$8,50
446
2,854
84%
;925
519,x
•. 9,061 "
90%a
-58.00
^3,051'•' 90%
1800.1900
$4.10
432
2,391 70%
$5.45
458 2,700
79%
$4.95
462
2648
7895
$5.75
482
2,826
83%
$4.90
426 2,490 73%
1900-2000
$2.90
298
1,643 48%
$2.90
311 1,746
51%
$2.90
331
1,771
52%
$4.15
368
1,964
58%
$4.55
407 1,856 55%
PM Time
1400 -1500
1500 -1600
1600-1700
1700 -1800
1800 -1900
1900 -2000
Monday 10129/07
$3.80 233
$6.05
•:18.65�-: i.
$4.10
$2.90 318 1,640 48%
494
1,915
56 %
2,758 81%
Tuesday 10130/07
$3.80 244 2,030 60%
$4.70 503 2979 88%
52.90 357 2,009 59%
Wednesday 10/31107
53.80 311 2,488 73%
$4.9
$2.90 186 1,301 38%
Thursday 11/01/07
Friday 11/02/07
WESTBOUND PEAK -HOUR VOLUMES
Monday
10101107
Tuesday
10102/07
Wednesday
10/03/07
Thursday
10/04107
Friday
10/05/07
AM Tuna
„�-�2,>.
rPrlceF1407 .� Y,of,
=Yalgr.�"t,
,,:`
_
..RB.,���x
:�«�
11 s`�e±F�.*�}M?.::
.
,3..
_$71.f;:
�.
, --_04
0400 0500
$2.25 253 756
22%
$2.25
261
716 21%
$2.25
276
749 22%
$2.25
284
756
22%
$225
231
664
20%
0500-0600
$3.70
433
1,526
45%
$3.70
526
1,606 53%
$3.70
517
1,825 54%
$3.70
538
1,915
56%
$3.55
460
1,669
49%
0600-0700
$3.80
534
2,275
67%
$3.80
525
2,288 67%
$3.80
557
Z388 70%
$3.80
499
2,103
62%
$3.70
495
Z022
59%
0700-0800
$4.20
532
2,281
67%
$4.20
514
2,279 67%
$4.20
460
2,080 61%
$4.20
500
2,222
65%
$4.10
469
2,125
63% -
0800 - 0900
$3.80
223
1,989
59%
$3.80
189
1,691 56%
$3.80
217
1,832 54%
$3.80
229
1.907
56%
$3.70
221
1,704
505$
0900-1000
$3.05
164
1,543
45%
$3.05
174
1,524 45%
$3.05
165
1,455 43%
$3.05
174
1,666
49°%
$3.05
183
1,248
37%
Monday
10/08/07
Tuesday
10/09107
Wednesday
10110107
Thursday 10717/07
- Friday
10112M7
AM Time
gL�C,aO'•;
tIsIW's�";�J1IIVi!`!.GP�
71Fs-.
� . ildL., �a�+e��,+1_�NG2x.,4`,
0400 0500
$2.25
244
712 21%
$2.25
264
781
23%
$2.25
276
735 22°%
$2.25
V3
716
21%
$2.25
236
672
20%
0500.0600
$3.70
468
1,801 53%
53.70
491
1,893
56%
$3.70
516
1,899 56%
$3.70
495
1,774
52%
$3.55
477
1,868
55%
0600-0700
53.80
513
2,132 63%
$3.80
525
2,270
67%
$3.80
535
2,309 68%
$3.80
461
1,950
57%
$3.70
532
2,149
63%
0700 -0800
$4.20
422
1,866 55%
$4.20
478
2,178
64%
$4.20
487
2,187 64%
$4.20
558
2,414
71%
$4.10
426
1,876
55%
0800-0900
$3.80
193
1,410 41%
$3.80
200
1,856
55%
$3.80
246
1,869 55%
$3.80
245
2,177
64%
$3.70
212
1,464
43%
0900-1000
$3.05
166
1,166 34%
$3.05
185
1,463
43%
$3.06
195
1,523 45%
$3.05
189
1,475
43%
$3.05
- 155
1,152
34%
Monday
10115/07
Tuesday
10116107
Wednesday
10/17107
Thursday
10118107
Friday
10/19107
A81 Time
4.pr`d'i'NWg(al.
.1',1pi;P.ik@
V.".
1"'`'"CNdP.'P.�.'
6400-0500
$2.25
262
766
23%
$225
259
749
22%
$2.25
266
694
20%
$2.25
273
752
22%
$2.25
231
648
19%
0500-0600
$3.70
470
1,890
56%.
$3.70
449
1,757
52%
$3.70
493
1,887
56%
$3.70
535
1,923
57%
$3.55
482
1,784
. 52%
0600-0700
$3.80
496
2,204
65%
$3.80
521
2,137
63%
$3.80
552
2,413
71%
$3.80
554
2,364
70°%
$3.70
537
2,208
65%
0700-0800
$4.20
465
2,242
66%
$4.20
429
2,053
60%
$4.20
443
2,220
65%
$1.20
467
2,174
64%
$4-10
431
1,785
53%
0800-0900
$3.80
203
2,155
63%
$3.80
224
1,741
51%
53.00
203
1,669
49%
$3.80
222
1.772
52%
$3.70
222
1,649
46%
0900-1000
$3.05
173
1,428
42%
$3.05
147
1,302
38%
$3.05
151
1,347
40%
$3.05
178
1,434
42%
$3.05
177
1,198
35%
Monday 10127/07
Tuesday
1O123/07
Wednesday
10/24107
Thursday 10125107
Friday
10126/07
,
AM Time
-.
�.$ CFI/!/„ . ..:
�'�:iP �x�P�O�s+..--ice.;^.
Pit.
; EN
'ii
91,GI1�
0400 0500
$2.25 271 865
25%
$2.25
277
836
25%
$2.25
276
746
22%
$2.25
270
745
22°%
$225
238
684
20°%
0500-0600
$3.70 405 2,290
67%
$3.70
507
2,196
65%
$3.70
488
1,978
68%
$3.70
516
1,957
5B%
$3.55
467
1,743
51%
0600-0700
$3.80 521 2,934
86%
$3.80
580
2,662
78%
$3.80
526
2,457
72%
$3.80
564
2,403
71%
$3.70
537
2,260
66%
0700-0800
$4.20 514 2,970
87%
$4.20
434
2,359
69%
$4.20
487
Z300
68%
$4.20
497
2375
70%
$4.10
433
2,098
62%
0800-0900
$3.80 283 2,174
64%
$3.80
159-
1,818
53%
$3,80
224
1,863
55%
$3.80
200
1,775
52%
$3.70
228
1,433
42%
0900-1000
$3.05 225 2,512
74%
$3,05
157
1,406
41%
$3.05
160
1,545
45%
$3.05
163
1,364
40%
$3.05
195
1,291
38%
Monday
10/29107
Tuesday
10/30107
Wednesday
10131107
Thursday 11011/07
Friday 11102/07
AM Time
ip { ,-
.'
APB`'.
.„0
0409-0500
$2.25
261
783
23%
$225
251
715
21%
$2.25
260
721
21%
0500 -0600
$3.70
485
1,929
57%
$3.70
505
1,821
54%
$3.70
525
1,849
54%
0600.0700
$3.80
537
2,346
69%
$3.00
539
2,352
69%
$3.80
551
2,332
69%
0700.0800
$4.20
461
2,168
64%
$4.20
482
2,138
63%
$1.20
451
2,151
63°%
0800.0900
$3.80
207
1,728
51%
$3.80
202
1,850
54%
$3.80
227
1,704
50°%
0900 .1000
$3.05
156
1,243
37%
E3.05
166
1444
42%
$3.05
160
1,351
40%
".
6
Customer Service and Violations Processing
Customer service and Processing activities at OCTA's operating contractor, Cofiroute USA,
continued at a busy and productive rate. In October, the Customer Service Center received
34,005 incoming calls. All performance levels specked in the operating contract were well within
established standards.
Incoming E-mail Activity
During October, the Anaheim Processing Center received a total of 4,132 e-mails, with a year-to-
date total of 17,253 e-mails.
Incoming Call Activity
CALL CENTER AC TI VITY
Representatives Answered
I VR Answered
Abandoned Calls
Total Incoming Calls:
October-07 September-07 FY
l Total Calls %of Total Total Calls %of Total Average
I
19,212 56.5%
13,792
40.6%
1,001
2.9%
34,005
16,772 54.1%
13,180 42.5%
1,027 3.3%
30,979
19,363
14,447
1,019
34,829
Performance Measures
REPORTING REQUIREMENT
CUSTOMER SERVICE
Call Wait Time
Abandon Rate
Customer Satisfaction
Convert Violators to Customers
Convert Violators to Customers
{ Reporting
Period
monthly
Monthly
mostly
ouatay
Anrualy
PERFORMANCE STANDARD
i
Not to exceed 120seconds
No more than 4.0%
At least 75 outbound calls
8.0%or more
10% or more
Oct'O7
€
c Performance
e
87
2.9%
77
VIOLATION PROCESSING
Response Time
nronwy
within 2 business days of receipt 1.0
CUSA Violation Collection Rate
Qua ory
70% or more Quarterly
CUSA Violation Collection Rate
Anrualy
74% or more Annually w
TRAFFIC OPERATIONS
Initial & Secondary Reviews
witty
= to or less than 15 days
2
'Plate Msread Errors
mostly
= to or less than 0.4%
0.1%
CAP Response Time
moumy
20 minutes per call
13
ACCOUNTING
Exceptions
Mouthy
No more than 3 0
INFORMATION TECHNOLOGY
TollPro Uptime
Writtly
99% Availability
100%
Network Uptime
Monthly
99% Availability
100%
' Plate tvfsread Error performance Is accumulated over a 60-day period. Percentage reported is for August 2007
•
•
"
T r a n s p o n d e r D i s t r i b u t i o n S t a t u s
T h e 9 1 E x p r e s s L a n e s h a s e x p e r i e n c e d c o n t i n u e d g r o w t h i n t h e n u m b e r o f d r i v e r s u s i n g t h e
f a c i l i t y s i n c e i t s i n c e p t i o n . T h e s t e a d y g r o w t h c a n b e m e a s u r e d b y t h e n u m b e r o f t r a n s p o n d e r s i n
c i r c u l a t i o n e a c h y e a r . A t t h e e n d o f O c t o b e r 2 0 0 7 , t h e 9 1 E x p r e s s L a n e s h a d 1 2 0 , 1 1 8 a c t i v e
c u s t o m e r a c c o u n t s , w i t h 1 7 7 , 7 3 9 t r a n s p o n d e r s a s s i g n e d t o t h o s e a c c o u n t s . T o t a l t r a n s p o n d e r s
a v a i l a b l e f o r d i s t r i b u t i o n a m o u n t e d t o 6 , 3 2 4 t r a n s p o n d e r s .
T R A N S P O N D E R D I S T R I B U T I O N
I s s u e d
T o N e w A c c o u n t s
O c t o b e r - 0 7 S e p t e m b e r - 0 7 F Y
O c t o b e r - 0 7
T a g s % o f T o t a l T a g s I % o f T o t a l A v e r a g e
9 9 9 3 3 2 %
8 4 1
3 1 . 5 %
1 , 0 2 5
A d d i t i o n a l T a g s t o E x i s t i n g A c c o u n t s
6 5 6 2 1 . 8 %
R e p l a c e m e n t T r a n s p o n d e r s
1 , 3 5 1 4 4 . 9 %
T o t a l i s s u e d ; 3 , 0 0 6
R e t u m e d
A c c o u n t C l o s u r e s
A c c o u n t s D o w n s i z i n g
D e f e c t i v e T r a n s p o n d e r s
T o t a l R e t u r n e d
5 5 8
2 0 . 9 %
1 , 2 7 2
2 , 6 7 1
4 7 . 6 %
6 7 2
1 , 3 5 9
3 , 0 5 6
6 1 6 ! 2 8 . 7 % 6 2 2 3 2 . 3 % 6 4 8
1 9 4 9 . 0 % 1 3 8 7 . 2 % 1 6 9
1 , 3 3 5 6 2 2 % 1 , 1 6 7 6 0 . 6 % 1 , 2 5 8
2 , 1 4 5 1 , 9 2 7 2 , 0 7 4
T R A N S P O N D E R I N V E N T O R Y S T A T U S
I n t e r n a l E x t e r n a l
T o t a l
T R A N S P O N D E R S O N H A N D :
A v a i l a b l e f o r D i s t r i b u t i o n :
C u s t o m e r - R e t u r n e d T a g C l a s s i f i c a t i o n
1 . U n d e r W a r r a n t y - R e t u r n t o S i r i t :
2 . O u t o f W a r r a n t y - D e s t r o y :
3 . N o t y e t C l a s s i f i e d :
T o t a l T r a n s p o n d e r s O n - h a n d :
6 , 1 6 1
1 6 3
6 , 3 2 4
0
2 , 2 0 2
. . . . . . . . . . . . .
2 0 1
8 , 7 2 7
T R A N S P O N D E R S C U R R E N T L Y A S S I G N E D T O A C T I V E A C C O U N T S : 1 7 7 , 7 3 9
1 2 5 , 0 0 0
1 0 5 , 0 0 0
8 5 , 0 0 0
6 5 , 0 0 0
4 5 , 0 0 0
2 5 , 0 0 0
0 1 9 9 6 0 1 5 9 7 D 1 9 9 8 0 1 9 9 9 1 5 2 0 0 0 1 2 2 0 0 1 E 1 2 0 0 2 0 2 0 0 3 1 5 2 0 0 4 0 2 0 0 5 0 2 0 0 6 0 2 0 0 7 0 2 0 0 8
H i s t o r y o f G r o w i n g N u m b e r o f A c c o u n t s b y F i s c a l Y e a r
A s o f O c t o b e r 3 1 , 2 0 0 7
Operational Highlights
On -road Operations
Customer Assistance Specialists (CAS) responded to 176 calls during October. The CAS team
received 94 calls to assist disabled vehicles, 47 calls to remove debris and conducted 25 assists
or traffic breaks. There were 5 accidents in the Express Lanes and 5 accidents in the general-
purpose lanes.
Projects Update
• In -lane Cameras Replacement
The In -lane Cameras Replacement project is nearly completed with the exception of a few punch
list items. All new cameras and screens are operational and in use. Drafting of the final
acceptance plan commenced in late August. The contractor is working with Caltrans to establish
connectivity to Caltrans' Transportation Management Center. When all remaining equipment
have been installed, final acceptance testing will begin.
• Traffic Operations Center
In April, construction of the new Traffic Operations Center (TOC) began. Project punch list items,
including signage and training for the fire suppression system, have been identified and full
project completion is expected for November 2007.
• Telephone Replacement
An agreement with Integrated Technology was executed in May 2007 for the replacement of the
91 Express Lanes' telephone system. The new system will be a Norte! based solution which is
similar to the standardized telecommunication systems currently utilized by OCTA. Staff, in
conjunction with Cofiroute, is currently working on the Interactive Voice Response (IVR)
component. It is anticipated training for the new phone system and final acceptance testing will
commence in November. The project should be completed by the end of the calendar year.
Manes ss 9
•
Financial Highlights
91 Express Lanes
Operating Statement
YTD as of October 31, 2007
YTD Variance
Description
Actual Bud et
Dollar $ [
Percent (%)
Operating revenues:
Toll revenue
13,274,970.65
$ 13,371,541.00
$ (96,570.35)
(0.7)
Fee revenue
2,889,756.41
2,478,379.00
411,377.41
16.6
Total o erating revenues
16,164,727.06
15,849,920.00
314,807.06
2.0
Operating expenses:
Contracted services
1,923,540.62
1,997,880.00
74,339.38
3.7
Administrative fee
534,572.92
837,428.00
302,855.08
36.2
Other professional services
331,153.22
513,584.00
182,430.78
35.5
Credit card processing fees
385,685.57
366,300.00
(19,385.57)
(5.3)
Toll road account servicing
235,743.00
341,325.00
105,582.00
30.9
Other insurance expense
132,154.12
125,000.00
(7,154.12)
(5.7)
Toll road maintenance supply repairs
106,335.98
152,181.00
45,845.02
30.1
Patrol services
141,925.04
139,860.00
(2,065.04)
(1.5)
Building equipment repairs and maint
119,739.48
524,125.00
404,385.52
77.2
Other services
1,871.00
76,665.00
74,794.00
97.6
Advertising fees
24,550.54
48,250.00
23,699.46
49.1
Utilities
4,229.77
43,966.00
39,736.23
90.4
Office expense
28,738.01
173,143.00
144,404.99
83.4
Bad debt expense
144,331.31
-
(144,331.31)
N/A
Miscellaneous
63,257.41
75,955.00
12,697.59
16.7
Leases
161,666.25
137,364.00
(24,302.25)
(17.7)
Property taxes
-
-
-
N/A
Depreciation and amortization
3,116,885.74
-
(3,116,885.74)
N/A
Total operating expenses
7,456,379.98
5,553,026.00
(1,903,353.98)
(34.3)
Operating Income (loss) 8,708,347.08 10,296,894.00 (1,588,546.92)1
(15.4)
Nonoperating revenues (expenses):
Interest income
1,017,768.13
981,684.00
36,084.13
3.7
Interest expense
(3,663,251.28)
(3,875,751.00)
212,499.72
5.5
Other
7,020.32
17,882.00
(10,861.68)
60.7
Total nonoperating revenues (expenses)
(2,638,462.83)
(2,876,185.00)
237,722.17
8.3
Transfers in
-
-
-
N/A
Transfers out
-
(785,880.00)
785,880.00
100.0
Net Income (Ioss)I $ 6,069,884.25 I $ 6,634,829.00 I $ (564,944.75)1
(8.5)
Capital Asset Activity
During the four months ending October 31, 2007, capital asset activities included approximately
$89,398 related to the purchase of communication equipment, $195,305 for the purchase of
transponders and $9,793 related to the purchase of computer equipment.
ATTACHMENT B
OCTA Orange County Transportation Authority
Express
Lanes
Status Report
November 2007
As of November 30, 2007
"
O p e r a t i o n s O v e r v i e w
T r a f f i c a n d R e v e n u e S t a t i s t i c s
T o t a l t r a f f i c v o l u m e o n t h e 9 1 E x p r e s s L a n e s f o r N o v e m b e r 2 0 0 7 w a s 1 , 1 2 6 , 5 2 1 . T h i s r e p r e s e n t s
a d a i l y a v e r a g e o f 3 7 , 5 5 1 . T h i s i s a 7 . 1 % d e c r e a s e i n t o t a l t r a f f i c v o l u m e f r o m t h e s a m e p e r i o d
l a s t y e a r w h e n t r a f f i c l e v e l s t o t a l e d 1 , 2 1 1 , 9 9 3 . P o t e n t i a l t o l l r e v e n u e f o r t h e m o n t h w a s
$ 3 , 2 9 1 , 9 3 9 w h i c h r e p r e s e n t s a d e c r e a s e o f 1 . 1 % f r o m t h e p r i o r y e a r ' s t o t a l o f $ 3 , 3 2 7 , 1 1 4 .
S e v e r a l a c c i d e n t s , i n c l u d i n g o n e f a t a l i t y , t h a t o c c u r r e d d u r i n g t h e p e a k h o u r s m a y b e c o n t r i b u t o r s
t o t h e d e c r e a s e . C a r p o o l p e r c e n t a g e f o r t h e m o n t h w a s 2 1 . 6 3 % c o m p a r e d t o t h e p r e v i o u s y e a r ' s
r a t e o f 2 0 . 8 3 % . A v e r a g e h o u r l y r e v e n u e p e r t r i p i s $ 0 . 1 2 o r 3 . 9 % l e s s t h a n p r o j e c t e d b y V o l l m e r .
M o n t h - t o - d a t e t r a f f i c a n d r e v e n u e d a t a a r e s u m m a r i z e d i n t h e t a b l e b e l o w . T h e f o l l o w i n g t r i p a n d
r e v e n u e s t a t i s t i c s t a b l e s r e p r e s e n t a l l t r i p s t a k e n o n t h e 9 1 E x p r e s s L a n e s a n d a s s o c i a t e d
p o t e n t i a l r e v e n u e f o r t h e m o n t h o f N o v e m b e r 2 0 0 7 .
C u r r e n t M o n t h - t o - D a t e a s o f N o v e m b e r 3 0 , 2 0 0 7
( 2 0 0 6 / 2 0 0 7 d a t a i s f o r t h e c o r r e s p o n d i n g m o n t h i n t h a t f i s c a l y e a r )
' r
;
t ' ; ��
F u l l T o i l L a n e s
8 8 2 , 8 1 7
9 3 0 , 4 4 3
( 4 7 , 6 2 6 )
( 5 . 1 % )
9 5 9 , 5 7 3
( 8 . 0 % )
3 + L a n e s
2 4 3 , 7 0 4
2 3 8 , 6 4 3
5 , 0 6 1
2 . 1 %
2 5 2 , 4 2 0
( 3 . 5 % )
T o t a l G r o s s T r i p s
1 , 1 2 6 , 5 2 1
1 , 1 6 9 , 0 8 6
( 4 2 , 5 6 5 )
( 3 6 % )
1 , 2 1 1 , 9 9 3
( 7 . 1 % )
$ 3 , 2 5 7 , 4 2 6
( 1 . 3 % )
F u l l T o l l L a n e s
$ 3 , 2 1 5 , 5 7 0
$ 3 , 4 9 0 , 2 1 4
( 5 2 7 4 , 6 4 4 ) ( 7 . 9 % )
3 + L a n e s
$ 7 6 , 3 6 9
$ 6 7 , 6 5 7
$ 8 , 7 1 1 1 2 . 9 %
$ 6 9 , 6 8 9
9 . 6 %
T o t a l G r o s s R e v e n u e
$ 3 2 9 1 9 3 9
$ 3 , 5 5 7 8 7 1
( S 2 6 5 , 9 3 3 ) ( 7 5 % )
$ 3 3 2 7 1 1 4
, . _
( 1 . 1 % )
A v ��a e r : . , r s , - R e a ' x . . . < r
��a 9 s d i > t e n u e = +
��
- _ . .
" > ,
- , ��
" : .
f a ' , �� : _ '
'
[ < . x . " k
$ 3 . 3 9
' ��'
` . * t u w " ,
7 . 4 %
A v e r a g e F u l l T o l l L a n e s
$ 3 . 6 4
$ 3 . 7 5
( 8 0 . 1 1 )
( 2 . 9 % )
A v e r a g e 3 + L a n e s
$ 0 . 3 1
$ 0 . 2 8
$ 0 . 0 3
1 0 . 7 %
$ 0 . 2 8
1 0 . 7 %
A v e r a g e G r o s s R e v e n u e
$ 2 . 9 2
$ 3 . 0 4
( $ 0 . 1 2 )
( 3 . 9 % )
$ 2 . 7 5
6 2 %
The 2007/2008 fiscal year-to-date traffic volume is 2.0% lower than the same period last year.
The 2007/2008 fiscal year-to-date revenue is 4.4% higher than for the same period last year and
is below Vollmer's projections by 5.5%. Year-to-date average hourly revenue per -trip is $0.14 or
4.6% less than projected by Vollmer.
Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip
and revenue statistics tables represent all trips taken on the 91 Express Lanes and associated
potential revenue for the months of July 2007 through November 2007.
Fiscal Year 2007/2008 to Date as of November 30, 2007
(2007/2008 data is for the period July 1, 2007 through November 30, 2007; 2006/2007 data is for the corresponding
period in that fiscal year)
Ti p$ «s
# s
1 �(jYr�
¢iiC 0)
° f ft '
.
t� y. ,
"z
jy
a; Y�. Y.
�4
.s`v
..af
.g„ d1 B <I( ,� a
Wit 4
4 w 1
+fit` Y
Xwr+-f
Q'Y
-
-9
Full Toll Lanes
4,705,267
4,820,014
(114.747)
(2.4%)
4,839,718
(2.8%)
3+Lanes
1296,888
1,227,057
69,831
5.7%
1,287,715
0.7%
Total Gross Trips
6,002,155
6,047,071
(44,916)
(0.7%)
6,127,433
(2.0%)
riBYO .$ UB _ .
ni _ "'^ee"1
�*'
.,.
a` .'_. ate'
. <B `h�
'' ,
. � +.,w .--
:� c°
.rwu . as��-.
tia ra �.
e'�"a '�Z' z
Full Toll Lanes
$16,967,084
$18,041,357
($1,074,273)
(6.0%)
$16,282,003
4.2%
3+Lanes
$420,552
$362,029
$58,523
16.2%
$373,388
12.6%
Total Gross Revenue
$17,387,636
$18,403,386
($1,015,750)
(5.5%)
$16,655,391
4.4%
Average Full Toll Lanes
$3.61
$3.74
($0.13)
(3.5%)
$3.36
7.4%
Average 3+ Lanes
$0.32
$0.30
$0.02
6.7%
$029
10.3%
Average Gross Revenue
$2.90
$3.04
($0.14)
(4.6%)
$2.72
6.6%
g 3
•
"
T r a f f i c a n d R e v e n u e S u m m a r y
T h e c h a r t b e l o w r e f l e c t s t h e t o t a l t r i p s b r e a k d o w n b e t w e e n F u l l T o l l t r i p s a n d H O V 3 + t r i p s f o r
F i s c a l Y e a r 2 0 0 7 / 0 8 o n a m o n t h b a s i s .
F i s c a l Y e a r 2 0 0 7 - 2 0 0 8 T r a f f i c V o l u m e O v e r v i e w
J u l - 0 7 A u g - 0 7 S e p - 0 7 O c t - 0 7 N o v - 0 7 D e c - 0 7 J a n - 0 8 F e b - 0 8 M a r - 0 8 A p r - 0 8 M a y - 0 8 J u n - 0 8
M o n t h
T h e c h a r t b e l o w r e f l e c t s t h e g r o s s p o t e n t i a l r e v e n u e b r e a k d o w n b e t w e e n F u l l T o l l t r i p s a n d
H O V 3 + t r i p s f o r F i s c a l Y e a r 2 0 0 7 / 0 8 o n a m o n t h l y b a s i s .
$ 3 , 6 3 0 , 0 0 0
$ 3 , 4 5 0 , 0 0 0
$ 3 , 2 7 0 , 0 0 0
u
K $ 3 , 0 9 0 , 0 0 0
$ 2 , 9 1 0 , 0 0 0
$ 2 , 7 3 0 , 0 0 0
$ 2 , 5 5 0 , 0 0 0
F i s c a l Y e a r 2 0 0 7 - 2 0 0 8 R e v e n u e S u m m a r y
3 , 6 1 8 , 2 6 0
3 , 3 2 2 , 5 1 9
7 5 , 4 5 0 I 7 6 . 3 6 9
3 , 6 0 9 , 1 6 4 , I
3 , 2 0 0 , 7 8 8 ' 1 1 3 , 2 1 5 , 5 7 0
J u l - 0 7 A u g - 0 7 S e p - 0 7 O c t - 0 7 N o v - 0 7 D e c - 0 7 J a n - 0 8
M o n t h
�% F u l l T o l l L a n e s �% 3 + L a n e s
F e b - 0 8 M a r - 0 8 A p r - 0 8 M a y - 0 8 J u n - 0 8
Thirty-eight times during the month of November 2007, peak hour eastbound traffic as reflected
in the chart below exceeded 90% or more of defined capacity, with the highest volume at 101%
of defined capacity on Wednesday, November 7"', during the 3:00 pm hour. As demonstrated on
the next chart, westbound peak hour traffic volumes top out at 74% of defined capacity.
EASTBOUND PEAK -HOUR VOLUMES
•
Mondry
1089/07
Tuesday
10130107
Wednesday
10/31107
Thursday
11101107
Friday
11/02/07
PM Time
``PiIC9
1:1*
.Yal
'+t
P1p `
a
'r.
a "'".:°'
�` .,
o ,z
1400 1500
r'", c
5.=�s•
.�'
r
*r,
�,
$390 278
2418
71%
$510
393
''$046
90%;:.
1500 1600:,
,„
,k-ss
f
$4551 597
3,236
85%25
601
3,243
95%".
1600 1700
'
q n
,'. f
- siyk
ib
•;
� �€
r
^`'z; �.
s�
xz..'`ae•
,.y# f��
$925- 496
-3,180
93%�
$9.50
500
.:3,089
..
91%
1700 1800
1800 1900
�..
.ram ' #
..�f .,
7
T
:?'.55.7
�
7
'3".
--. ,.y
.
$915,= 494
557
3. 55
3,182
93%
='93%�"
.SSAO
$4.90
553
543
<, 3131
_ 2864
92%„.
84%..
1900 2000�,
$4,15 356
2,045
60%
$4.55
465
2061
61%
PM Time
Monday 11105/07
Tuesday 11/06/07
Wednesday 11/07M
Thursday 11/08/07
Friday 11/09/07
1400-1500
1500- 1600
1600- 1700
1700 1800
1800 - 1900
1900- 2000
$3.80
$4.10
$6.85
'$6.65
$4.10
$2.90
271 2,055
511 3,033
467 Z937
N6 , :3,292
529 2,802
310 1,594 47%
60 %
89%
86%
82%
259
509
467
$3.80
54.70
$8.00
30.50``
2,095
2,980
3,029
62%
88%
89%
9S%
90%'.
1,757 52%
$3.80 288
$4.95;;
5850_•
$8.50 206
54.95 148
$2.90 161
2,320 fib%
.448 .,: 101%,
1,111 33%
892 26%
996 29%
3,11
$4.15 338 1,870 55%
$5.10 420 3,035 89%
5935 588 n;3,099 91%=`
50% S
$8.00 484 2,801 82%
$4.90 507 2,610 77%
$4.55 421 1,908 56%
Mondry
11/12/07
Tuesday 11113107
Wednesday
11114107
Thursday 11/15107
Friday
11116/07
PM Time
V1ktl�,
:._
_- .
!.. ,,.r7,"K'r1?Na *` .,v i7
.x ...
.41+14e
.. ,. _...
=...... �'4ak�'F�4.'�C!&?�.
� �w,a,.
.�-
e'tii
.F-�,ira4' 7�1%;� ,4LfiaP•a
1400- 1500
$3.80
345
1,779
52%
$3.80
265 2,075
61%
$3.80
287 2,202 65%
$3.90 242
2,038
60%
$5.10
372
2,934
86%
1500-1600
04.10
493
2,484
73%
',54.70
;595 y,•3,143
,.9291
54.95:.536
.3,381 ;,;-.
99%
$4.95
514
2,971
87%
5925
:605
`.-,.2,126
,92%,I
1600- 1700
$6.85
389
2,307
613%
$8.00
456 2,899
85%
$8.50
440
2,985
88%
$925``
558
3,250
96%
$9 50
492
2,988
88%
170D- 1800
$6.65
488
2818
83%
$8.50
429 2,731
80%
3150
f<512
, 3,075.,'
90%
$825`
504
..3,2'
14%'
.38A8 ,
1800-1900
$4.10
473
2,513
74%
$5.45
555 2,922
86%
$495
560
2,954
87%
$5.75
559
2,928
66%
$4.90
553
2,808
83%
1900-2000
$2.90
360
1,342
39%
$2.90
436 2,745
81%
$2.90
344
1,975
58%
$4.15
379
2,073
61%
54.55
421
1,966
58%
Monday
11/19/07
Tuesday
11/20/07
Wednesday
1112 id17
Thursday 11127707
Friday
11/23107
PM Time
€Pr1Ep„�},1011
Yc1." d°sz `..`
t 5
0.1 _'R
a:: �...,
p
';
311!N"�
p���
1400.1500
$3.80 285
$D10 59%
.
53.80 384
,r.Y0
2,469 73%
1550 ,1518
3,148
;'97%;
$3.90
464 1,488
44%
$3.70 310
1,161
34%
1500 1600
$410 511
2,738 81%
$4.70 536
2,898 85%
56$5'1.' S52
3178
:83%j
$3.70
405 1,149
34%
$3.70 321
1,268
37%
1600-1700
�$6.85 505
7%5,753 93%'
$8.00 490
2,767 81%
$6.35 536
3,016
89%
$3.70
442 1,119
33%
$3.70 410
1,324
39%
1700 1800
46.65 529.
±y3,1 p3 111%e;
$8.50 451
2838 83%
$6.35 513
2.561
78%
$3.70
563 1,363
40%
$3.70 318
1,132
33%
1800-1900
54.10 535
2,773 82%
$5.45 516
2,899 85%,
$4.50 437
2,024
60%
$3.90
652 1,377
41%
$3.70 292
904
27%
1900-2000
$2.90 422
1,834 54%
52.90r;?.„-032 1;
"3,043, r 90%`s'
54.30 430
1,583
47%
$3.90
756 1,517
45%
$3.70 286
763
22%
Monday
11/26/07
Tuesday 11/27107
Wednesday
1128/07
Thursday
11129107
Friday
1113 7
PM Time;
�HOV,
«sTsO„17�'T
�.r�>
1400- 1500
$3.80
244
1,960
58%
$3.80
250
2,040
60%
$3.80
251
2,117
62%
53.90
266
2.348
69%
$5.10
1
14
0%
150D- 1600
$4.10
497
2,917
86%
,54.70
t532.
122
'9W%
54.95
»540
31�
0i%
';�p1.0q5� ;
566•
3,325
9816_
$9.25
43
238
7%
1600-1700
$6.85
460
2,961
87%
$800
459
3021
89%
$8.50"505
3074<
90%
r5925:
518x
8149
93
$9.50
415
2,705
80%
1700.1800
$6.65
489
3828
89%
:50.50..
317-z
9D47
r90°�;_
$8.50
619
2,977
88%
25`�,522-
01,
90%*
$8.00
458
2,925
86%
1800-1900
$4.10
507
2,624
77%
$5.45
566
2,990
88%
$4.95
573
3,041
89%
$5.75 501
2,760
81%
$4.90
471
2,420
71%
1900-2000
$290
281
1,503
44%
$2.90
299
1,730
51%
$2.90
307
1,899
56%
$4.15
311
1,838
54%
$4.55
334
1,619
48%
WESTBOUND PEAK -HOUR VOLUMES
AM Time
0400-0500
0500- 0600
0600- 0700
0700- 0800
0800- 0900
0900- 1000
Tuesday 10/30/07
Wednesday ion 1/07
Monday 1029/07
*o:
Th aiday 11/01107 L Friday 11102/07
$225
$3.70
$3.80
54.20
$3.80
53.05
251
377
394
591
285
183
747
1,358
1,614
2,440
2,152
1,922
22%
40%
47%
72%
63%
57%
$2.25
$3.55
$3.70
$4.10
$3.70
$3.05
222
441
493
432
240
210
659
1,750
1,953
1,831
1,846
1,497
19%
51%
57%
54
54%
44%
Mondry 11075/07
Tuesday
11/06107
Wednesday
11/07/07
Thursday
111U/07
Friday
1110'3107
AM Ti me
A
'4
W �,..s2f���
yy� y€•
?}R1�..?s
Is
'&.ii
�R1
04D0 0500
.sP,!19f.x>'NOYde
$2.25 280 827
:
24%
$2.25
256
778
-23%
$2.25 278
772
23%
$2.25
274
754
22%'7$225
244�
667
20%
0500-0600
$3.70 485 1,876
55%
$3.7D
520
1,885
55%
$3.70 481
1,842
54%
$3.70
495
1,890
56%
$3.55
445
1,808
53%
0600-0700
$3.80 551 2,430
71%
$3.8D
547
2,379
70%
$3.80 603
2,425
71%
$3.80
593
2,370
70%
$3.70
549
2,304
68%
0700-0800
$4.20 453 Z129
63%
$4.20
474
Z203
65%
$4.20 453
2,092
62%
$4.20
464
2,169
64%
$4.10
379
- 1,718
51%
0800-0900
$3.80 198 1,694
50%
$3.80
193
1,839
54%
$3.80 219
1,837
54%
$3.80
203
1,612
47%
$3.70
201
1,366
40%
ONO -1000
$3.05 174 1,324
39%
$3.05
180
1,483
44%
$3.05 169
1,475
43%
$3.05
186
1,317
39%
53.05
175
1,136
33%
Monday 11112707
Tuesday
11/13107
Wednesday
11/14707
Thursday
11115/07
Friday
11N6107
0.M Time
�FfiCiPlf� ,,
:.
� �.
.. �.�
a»
0400-0500
$2.25 207 566
17%
$2.25
275
823
24%
$2.25
286
790
23%
$225
292
896
26%
$2.25
265
778
23%
0500-0600
$3.70 355
1,434
42%
$3.70
511
2,271
67%
$3.70
535
2,024
60%
$3.70
517
2,296
68%
$3.55
380
1,474
43%
0600-0700
$3.80 313
1,473
43%
$3.80
580
2,511
74%
$3.80
596
2,489
73%
$380
575
2,501
74%
$3.70
517
2,047
60%
0700-0800
$4.20 214
1,155
34%
$4.20
489
2,277
67%
$4.20
437
2,151
63%
$4.20
489
2,381
70%
$4.10
462
2.029
60%
0800-0900
$3.80 198
1,152
34%
$3.80
214
1,882
55%
$3.80
214
1,864
55%
$3.80
255
2,024
60%
53.70
263
1,933
57%
0900-1000
$3.05 251
1,087
32%
$3.05
192
1,480
44%
$3.05
158
1,398
41%
$3.05
209
1,547
46%
$3.D5
190
1,276
38%
Monday
11/19107
Tuesday
1120/07
Wednesday
11121107
Thursday
11122107
Friday
11/23/07
AM Ting
:'x�_..A.-
.,
u•�.`.ma"w
0>
...-
0400 • 0500
$2.25
268
823
24%
$2.25
271
766
23%
$2.25
252
724
21%
$1.20
22
41
1%
$420
47
130
- 4%+
0500-0600
$3.70
472
1,901
56%
$3.70
498
1,818
53%
$3.80
428
1,635
48%
$1.20
34
71
2%
$1.20
86
294
9%
0600-0700
$3.80
517
2,286
67%
$3.80
556
2,249
66%
$3.90
484
Z035
60%
$1.20
44
124
4%
$1.90
68
330
1014
0700-0800
$4.20
481
Z073
61%
$4.20
446
2,023
60%
$4.30
305.
1,428
42%
$1.20
46
290
9%
$2.25
83
361
11%
0800-0900
$3.80
293
1,942
57%
$3.80
238
1,555
46%
$4.30
231
1,159
34%
$1.20
/15
323
10%
$2.25
133
465
14%
0900-1000
$3.05
244
1,659
49%
$3.05
228
1,2138
38%
$3.90
203
985
29%
$1.90
245
553
16%
$2.90
190
652
19%
AM Time
Monday 11/26107
Tuesday 1127/07
Wednesday
1128107
Thursday
1129107
Friday
11130107
..,.,,..
..
. n
.
- _..,
�."..
.
`'
- _
��•.�-
s,...
A a€: L1,i0.'"a�".'...
-
,{'.: •.
I.
..P'3?'R;t's"
_ r
, .0!/ ^.
0400 0500
$2.25
-T'-.
274 800
24%
$2.25
274
782
231,
$2.25 272
779 23%
$2.25
262
795
23%
$2.25 232
717
21%
0500-0600
$3.70
484 $004
59%
$3.70
487
1,951
57%
$370 493
1,944 57%
$3.70
542
1,950
57%
$3.55 412
1,734
51%
0600-0700
$3.80
548 2374
70%
$3.80
566
2,449
72%
$3.80 572
2,377 70%
$3.80
567
Z362
69%
$3.70 474
2,082
61%
0700-MOO
$4.20
441 1,952
57%
$4.20
477
2,094
62%
$4.20 455
2,072 61%
$4.20
434
1,999
59%
$4.10 407
2,032
60%
0800. 0900
$3.80
178 1,607
47%
$3.80
201
1,836
54%
53,80 185
1,548 46%
$3.80
199
1,671
49%
$330 174
1,519
45%
0900-1000
$3.05
162 1,276
38%
$3.05
169
1,369
40%
53,05 169
1,446 43%
$3.05
142
1,274
37%
$3.05 126
867
26%
Customer Service and Violations Processing
Customer service and Processing activities at OCTA's operating contractor, Cofiroute USA,
continued at a busy and productive rate. In November, the Customer Service Center received
29,284 incoming calls. All performance levels specified in the operating contract were well within
established standards.
Incoming E-mail Activity
During November, the Anaheim Processing Center received a total of 3,527 e-mails, with a year-
to-date total of 20,780 e-mails.
Incoming Call Activity
CALL CENTER ACTIVITY _November-07 October-07 _ FY
Total Calls i % of Trial Total Calls I %of Total Average
Representatives Answered
I VR Answered
Abandoned Calls
Total Incoming Calls:
16,457 56.2%
11,651
39.8%
1,176
4.0%
29,284
19,212 56.5%
13,792
40.6 %
1,001
2.9 %
34,005
18,782
13,888
1,050
33,720
Performance Measures
REPORTING REQUIREMENT
CUSTOMER SERVICE
Call Wait Time
Abandon Rate
Customer Satisfaction
Reporting
i Period j
mantiy
mantny
morally
PERFORMANCE STANDARD
Not to exceed 120seconds
No more than 4.0%
At least 75 outbound calls
i Nov'07
;Performance
100
4.0%
75
Convert Violators to Customers
Quatay
8.0%or more
't;
Convert Violators to Customers
Anrualy
10% or more_,
VIOLATION PROCESSING
Response Time
writrty
within 2 business days of receipt
0.9
CUSA Violation Collection Rate
Qualify
70% or more Quarterly
.
CUSA Violation Collection Rate
Annually
74% or more Annually
.^
TRAFFIC OPERATIONS
Initial & Secondary Reviews
nnontnly
= to or less than 15 days
2
'Plate Misread Errors
nrontny
= to or less than 0.4%
0.1%
CAP Response Time
Monthly
20 minutes per call
13
ACCOUNTING
Exceptions
nrontily '
No more than 3 0
INFORMATION TECHNOLOGY
....._._._..............
TollProUptime
rountrty
99%Availability
100%
Network Uptime
Mont*
99%Availability
100%
Plate MGsread Eiror performance is accumulated over a 60-day period. Percentage reported is for Septem ber 2007
•
Transponder Distribution Status
The 91 Express Lanes has experienced continued growth in the number of drivers using the
facility since its inception. The steady growth can be measured by the number of transponders in
circulation each year. At the end of November 2007, the 91 Express Lanes had 119,854 active
customer accounts, with 178,142 transponders assigned to those accounts. Total transponders
available for distribution amounted to 12,865 transponders.
TRANSPONDER DISTRIBUTION
N ovem_ ber-07
Tags I % ofTots I
October-07
Tags�% of Total
FY
Average
Issued
To New Accounts
739
30.5%
999
33.2%
968
Ad ditional Tags to Existing Accou nts
511
Replacement Transponders
Total Issued
1,176
2,426
Returned
Account Closures
Accounts Downsizing
Defective Transponders
Total Returned
582
124
964
.............
1,670
21.1%
656
48.5%
1,351
3,006
34.9%
7.4 %
57.7%
616
194
1,335
2,145
21.8%
44.9%
639
1,323
2,930
28.7% 635
9.0% 160
62..2% 1,199
1,993
125,000
105,000
85,000
65,000
45,000
25,000
TRANSPONDER INVENTORY STATUS
Internal External Total
TRANSPONDERS ON -HAND:
Available for Distribution:
Customer -Returned Tag Classificabon
1. Under Warranty- Return to Sirit:
2. Out of Warranty- Destroy:
3. Not yet Classified:
8,703
159 8,862
Total Transponders On -hand:
0
..................
3,775
228
12,865
TRANSPONDERS CURRENTLY ASSIGNED TO ACCOUNTS: 178,142
........._.........
0 1996 0 1997 0 1998 0 1999 ® 2000 0 2001 ® 2002 0 2003 ® 2004 0 2005 0 2006 0 2007 ❑ 2008
History of Growing Number of Accounts by Fiscal Year
As of November 30, 2007
8
Operational Highlights
On -road Operations
Customer Assistance Specialists (CAS) responded to 140 calls during November. The CAS team
received 84 calls to assist disabled vehicles, 19 calls to remove debris and conducted 22 assists
or traffic breaks. There were 8 accidents in the Express Lanes and 7 accidents in the general-
purpose lanes.
Projects Update
• In -lane Cameras Replacement
The In -lane Cameras Replacement project is nearly completed with the exception of a few punch
list items. All new cameras and screens are operational and in use. Connectivity to Ca!trans'
Transportation Management Center has been established. Drafting of the final acceptance plan
commenced in late August. When all remaining equipment have been installed, final acceptance
testing will begin.
Traffic Operations Center
In April, construction of the new Traffic Operations Center (TOC) began. Project punch list items,
including signage and training for the fire suppression system, have been identified and full
project completion is expected for January 2008.
• Telephone Replacement
An agreement with Integrated Technology was executed in May 2007 for the replacement of the
91 Express Lanes' telephone system. The new system will be a Nortel based solution which is
similar to the standardized telecommunication systems currently utilized by OCTA Staff, in
conjunction with Cofiroute, is currently working on the Interactive Voice Response (IVR)
component. It is anticipated testing and training on the operation of the new system will take
place throughout December. The project should be completed by January 2008.
•
Financial Highlights
91 Express Lanes
Operating Statement
YTD as of November 30, 2007
YTD Variance
Description
Actual
Budget
Dollar $ I
Percent (%)
y
Operating revenues:
Toll revenue
16,379,457.93
$ 16,624,012.00
$ (244,554.07)
(1.5)
Fee revenue
3,557,020.90
3,152,222.00
404,798.90
12.8
Total operating revenues
19 936,4y-78 83
19,776 234 00
160,244 83
0.8
M1„k"& #'C'"�1
^t'3 dy...n:.:
y.Yp �". �R �€'
Y a��.%`rP-„*aS.4rt .^.�. �#+Y�.fi.a?i'2a�.>'�i
'J.A lyh _5.
ti-
S:Ms
Operating expenses:
Contracted services
2,398,011.00
2,497,350.00
99,339.00
4.0
Administrative fee
668,216.15
1,046,785.00
378,568.85
36.2
Other professional services
331,989.72
566,998.00
235,008.28
41.4
Credit card processing fees
474,497.87
457,600.00
(16,897.87)
(3.7)
Toll road account servicing
289,451.66
426,400.00
136,948.34
32.1
Other insurance expense
165,192.65
125,000.00
(40,192.65)
(32.2)
Toll road maintenance supply repairs
127,754.58
190,112.00
62,357.42
32.8
Patrol services
177,193.31
174,720.00
(2,473.31)
(1.4)
Building equipment repairs and maint
142,753.96
524,125.00
381,371.04
72.8
Other services
1,871.00
77,080.00
75,209.00
97.6
Advertising fees
32,967.00
48,250.00
15,283.00
31.7
Utilities
5,703.55
54,856.00
49,152.45
89.6
Office expense
40,205.42
210,800.00
170,594.58
80.9
Bad debt expense
154,206.99
-
(154,206.99)
N/A
Miscellaneous
78,418.44
94,194.00
15,775.56
16.7
Leases
193,731.99
171,602.00
,,:(22,129.99)
(12.9)
-
-
N/A
Property taxes
Depreciation and amortization
3,904,174.45
-
(3,904,174.45)
N/A
Total operating expenses
9,186,339.74
6,665,872.00
(2,520,467.74)
(37.8)
Operating income (loss) 10,750,139.09 13,110,362.00 (2,360,222.91)1 (18.0)
Nonoperating revenues (expenses):
Interest income
1,366,399.56
1,226,368.00
140,031.56
11.4
Interest expense
(4,593,713.53)
(4,841,779.00)
248,065.47
5.1
Other
7,020.32
22,339.00
(15,318.68)
68.6
Total nonoperating revenues (expenses)
(3,220,293.65)
(3,593,072.00)
372,778.35
10.4
Transfers in
-
-
N/A
Transfers out
(981,760.00)
981,760.00
100.0
Net Income (loss)! $ 7,529,845.44 ( $ 8,535,530.00 I $ (1,005,684.56)I (11.8)
'Actual 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.
'Miscellaneous expenses include: Bond Insurance Costs, Bart Service Charge, Transponder Materials.
'Depreciation and amortization are not budgeted hems.
Capital Asset Activity
During the five months ending November 30, 2007, capital asset activities included approximately $66,458
related to the purchase of communication equipment, $291,076 for the purchase of transponders and
$32,733 related to the purchase of computer equipment.
ATTACHMENT C
OCTA Orange County Transportation Authority
press
nes
Status Report
December 2007
As of December 31, 2007
Operations Overview
Traffic and Revenue Statistics
Total traffic volume on the 91 Express Lanes for December 2007 was 1,094,499. This represents
a daily average of 35,306. This is a 10.7/D decrease in total traffic volume from the same period
last year when traffic levels totaled 1,225,913. Potential toll revenue for the month was
$3,088,680 which represents a decrease of 5.0% from the prior year's total of $3,251,321. The
slowdown of the economy, coupled with high gas prices and high foreclosures rates, can be
attributing to decrease. Carpool percentage for the month was 23.53% compared to the previous
year's rate of 22.09%. Average hourly revenue per trip is $0.22 or 7.2% less than projected by
Vollmer.
Month -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 91 Express Lanes and associated
potential revenue for the month of December 2007.
Current Month -to -Date as of December 31, 2007
(2006/2007 data is for the corresponding month in that fiscal year)
ry
.xr � � Y �� i _'> .�.�sA
Trip
�3 gs� '�
' .arart±e *
a
aC(a[1ce
�f
.
�
:_ 8.
ppe_
.a.
Full Toll Lanes
836,913
960,814
(123,901)
(12.9%)
955,085
(12.4%)
3+ Lanes
257,586
264,614
(7,028)
(2.7%)
270,828
(4.9%)
Total Gross Trips
1,094,499
1,225,429
(130,930)
(10.7%)
1,225,913
(10.7%)
rf uwt fteveriPeEr
ems::
Full Toll Lanes
$3,010,105
$3,653,557
($643,452)
(17.6%)
$3,180,794
(5.4%)
3+ Lanes
$78,575
$75,971
$2,604
3.4%
$70,527
11A%
Total Gross Revenue
$3,088,680
$3,729,529
($640.848)
(17.2%)
$3,251,321
(5.0%)
Average Full Tol I Lanes
$3.60
$3.80
($0.20)
(5.3%)
$3.33
8.1%
Average 3+ Lanes
$0.31
$0.29
$0.02
6.9%
$0.26
19.2%
Average Gross Revenue
$2.82
$3.04
($0.22)
(7.2%)
$2.65
6.4%
The 2007/2008 fiscal year-to-date traffic volume is 3.5% lower than the same period last year.
The 2007/2008 fiscal year-to-date revenue is 2.9% higher than for the same period last year and
is below Vollmer's projections by 7.5%. Year-to-date average hourly revenue per -trip is $0.15 or
4.9% less than projected by Vollmer.
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 91 Express Lanes and associated
potential revenue for the months of July 2007 through December 2007.
Fiscal Year 2007/2008 to Date as of December 31, 2007
(2007/2008 data is for the period July 1, 2007 through December 31, 2007; 2006/2007 data is for the corresponding
period in that fiscal year)
MP���� ��>, _ .�?
?l.,
a,xt e�te�
Var3artlg
rse
���,1a»K..
.�1(arianr
kk,Aw..,.�
Full Toll Lanes
5,542,180
5,780,829
(238,649)
(4.1%)
5,794,803
(4.4%)
3+Lanes
1,554,474
1,491,671
62,803
42%
1,558,543
(0.3%)
Total Gross Trips
7,096,654
7,272,500
(175,846)
(2.4%)
7,353,346
(3.5%)
_'..
�..
Full Toll Lanes
$19,977,189
$21,694,914
($1,717,725)
(7.9%)
$19,462,797
2.6%
3+Lanes
$499,127
$438,000
$61,127
14.0%
$443,915
12A%
Total Gross Revenue
$20,476,316
$22,132,914
($1,656,598)
(7.5%)
$19,906,712
2.90/0
Average Full Toll Lanes
$3.60
$3.75
($0.15) (4.0%)
$3.36
7.1%
Average 3+ Lanes
$0.32
$0.29
$0.03 10.3%
$028
14.3%
Average Gross Revenue
$2.89
$3.04
($0.15) (4.9%)
$2.71
6.6%
•
Traffic and Revenue Summary
The chart below reflects the total trips breakdown between Full Toll trips and HOV3+ trips for
Fiscal Year 2007/08 on a month basis.
Fiscal Year 2007-2008 Traffic Volume Overview
0c1-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08
Month
The chart below reflects the gross potential revenue breakdown between Full Toll trips and
HOV3+ trips for Fiscal Year 2007/08 on a monthly basis.
$3,630,000
$3,450,000
s) $3,270,000
a
� $3,090,000
$2,910,000
$2,730,000
$2,550,000
Fiscal Year 2007-2008 Revenue Summary
94,132
---83,896 IF
13,618,260
3,322,519
75,450 ,
3,200,788
76,369
i
3,609,164E
,
13,215,570
I
3.010,105
Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08
Month
■ Full Toll Lanes Y 3+Lanes
Twenty-six times during the month of December 2007, peak hour eastbound traffic as reflected in
the chart below exceeded 90% or more of defined capacity, with the highest volume at 97% of
defined capacity on Tuesday, December 4th, during the 6:00 pm hour. As demonstrated on the
next chart, westbound peak hour traffic volumes top out at 71 % of defined capacity.
EASTBOUND PEAK -HOUR VOLUMES
EASTBOUND WEEKDAY PEAK VOLUME:
•
PM Time
12/03107
Tuesday
12104107
Wednee day
12/05107
Thursday
12106107
Friday
12107107
,,qMconday
.�rPCe3 f1 3�7�..;:. r .,.
-
; •.
•
�;
1400. 15DD
$3.80 244 1,974 58%
$3.80
249
2,039
60%
53.80
271
2,191
64%
$3.90
287
2,359
69%
$5.10
314
2,660
78%
150D-1600
$4.10 534 2,967 87%
$4.70
459
2,765
81%
$4.55':
491 1
.3569
'; sin
54;-
''526
,,3,2,94
97%,�
$9.25
516
2,843
84%
1600-1700
$6.85 457 2,927 B6%
$800
493
2930
86%
$850
486
2,922
86%
5929`.
408
3037
91%
$9.50
419
2,655
78%
1700 1800
6.85 505 �r 3180 m,ai5'°,
$8.50
459 -.
9063
919:
58.50
- 576
3,21d;
95%
5925 -_
, ,521
3...„
"92% ;..
$8.00
398
2,544
75%
1800-1900
$4.10 550 2964 87%
z$5k5
--b_.
3,310
?97%
$4.95
544
3,024
89%
$575
499
2,829
83%
$4.90
418
2,094
62%
1900.2000
$2.90 351 1.714 50%
$2.90
316
1,885
55%
$2.90
405
2,034
60%
$4.15
353
1,872
55%
$4.55
319
1,476
43%
PM Time
Mondry
12110107
Tuesday
12111/07
Wednesday
12/12/07
Th middy
12/13/07
Friday 12114//37
:...
»..,,.
-
-''
. • F�
?�
..-..
,za'
-.-,,. -
..._ .P'i: `'
1400-1500
1500-1600
1600-1700
1700-1800
1600-1900
1900-2000
$3.80
$4.10
$8.85
$6.65
$4.10
$290
259
491
453-
510
530
306
1,894
2,896
3,038
3,012
2,728
1,667
56%�
85%
89%
89%
80%
49%
$3.80
5G70
4040
$8.50
-55.45
$2.90
261
509
.473„`
462
585p
321
2,177
SA60
3,131
2,969
3101
1,772
64%
90%
,92%
87%
-91%»
52%-
$3.80
44,95 „
5E30 A ,
$8.505
$4.95
$2.90
255
491
'474
•,.
510
529
348
2,204 65%
3054, .�`90%
9055„`90%
3,180 - 94%•'
2,933 -86%
2,050 60°4
53.90
'l54.95;,
$0
$9.25.'
55,75
$4.15
247
514
d85
S22
587
364
2,310
3,155
$099
3,088
3,1,
2,069
68%
'83%
9f%'
90%';
'91 _%-,
61%
$5.10
25„
E9.50
'iAAO
$4.90
$4.55
350 2,835 83%
571„ `90%s
492 3015 89%
,.
S20 �3317 _52%-i
531 - 2,599 -76%
434 2,010 59%
Monday
12117/07
Tuesday
12118107
Wednesday
12/19107
Thursday
12/20107
Friday
12/21/07
PM Time
,
'' a .
41 ",
s R° R ,
���.....
'1.Cf0Plj
1400-1500
$3.80
257
1099
59%
$3.80
231
2,201
65%
$3.80 269
2,170
64%
$3.90
283
2,495
73%
$510
406
2985
88%1
1500-1600
$4.10
517
2944
87%
$4.70
498
2,898
85%
$4.95 457
2,961
87%
.-54S '
41
>:3,2
49.25
536
3,109,=,9155
1600 1700
56.85°'
616
3,t05
91%'a'..
$8.00
494
3.041
89%
$8.50 464
2,955
87%
$9.25
471
2,918
86%
$9.50
469
2,974
87%
1700 1800
$6.85
+I6T.
%,`.
$8.50
383
2,504
74%
$8.50 446
2837
83%
:5925,
49'
;31. -
,'92%:=
$8.00
487
2,741
81%
1800 1900
,5410
'539
,9,200
,94%'"
$5.45
539
2,849
84%
$4.95 428
2565
75%
$5.75
490
2,711
80%
$4.90
407
2,308.
68%
1900-2000
$290
362
2015
59%
$2.90
391
2,017
59%
$2.90 339
1,719
51%
$4.15
410
2,092
62%
$4.55
399
1,694
50%
Monday 12/24/07
Tuesday
12/25/07
Wednesday
1226107
Thursday
12/27107
-
Friday
12/28107
PM Time
_ .....i
�'`rSS,+?...:�`. ,-s"°'`'P
{
se
.P
1011`
P3
41
t=.-�Y.
9LGBY•3'.
1400-1500
$5.10
537 1,978 58%
$4.50 591
1,548
46%
63.80
334
1,773
52%
$3.90
377
2,093
62%
$5.10
403 2,463 72%
1500-1600
$9.25
489 1,578 46%
$4.50 456
1,168
34%
$4.95
445
2,395
70%
$4.95
504
2,648
78%
$9.25
458 2,368 - 70%
1600-1700
$9.50
516 1,601 47%
$4.50 427
1,015
30%
68.50
449
2,216
65%
$9.25
447
2,373.
70%
$9.50
370 1,964 58%
1700-1800
$8.00
475 1,522 45%
$4.50 531
1,107
33%
$8.50
413-
2,207
65%
$9.25
490
2,368
70%
$8.00
480. 2,299 68%
1800-1900
$4.90
430 1,246 37%
$4.50 661
1,290
38%
$4.95
410
1,904
56%
$5.75
451
2,111
62%
$4.90
430 1,841 54%
1900-2000
$4.55
459 1,097 32%
$4.50 780
1,430
42%
$2.90
370
1,419
42%
$4.15
365
1,332
- 39%
$4.55
339 1,302 38%
PM Time
1400- 1500
1500 - 1600
1600 - 1700
1700 - 1800
1 800 - 1900
1 900 - 209D
Monday 12/31/07
$5.10 266 1,452 43%
$9.25 317 1,350 40%
$9.50 310 1,263 37%
$8.00 331 1,198 35%
$4.90 305 1,034 30%
$4.55 220 679 20%
Tuesday 01101108
Wednesday 01102/08
Thursday 01/03/08
Friday 01104108
"
W E S T B O U N D P E A K - H O U R V O L U M E S
W E S T B O U N D W E E K D A Y P E A K V O L U M E :
M o n d a y
1 2 / 0 3 1 0 7
T u e s d a y
1 2 / 0 4 / 0 7
W e d n e s d a y
1 2 / 0 5 1 0 7
T h u r s d a y
1 2 / 0 6 1 0 7
F r i d a y 1 2 1 0 7 / 0 7
A M T i m e
t r r i 4 a 4 1 5 a 3 W O L .
* ' ' ' ' V ' ' ' ' S * 7 4 t r a r i t a , : 4 4 4 1 0 1 0 W i t i g
3 ' : ' . - : 7 7 , 1 4 - 0 4
'
7 " . 4
0 4 . 7 - 0 0 : 0 * 0 . 9 . 0 7 , 4 4 4 0
0 4 0 0 - 0 5 0 0
$ 2 . 2 5 2 8 0 7 9 6
,
2 3 %
$ 2 . 2 5 2 5 9 7 4 6 2 2 %
$ 2 . 2 5 2 9 0 8 1 9 2 4 %
$ 2 2 5 ,
2 6 8
7 5 9
2 2 %
$ 2 . 2 5 2 2 5
7 7 8
2 3 %
0 5 0 0 - 0 6 0 0
$ 3 . 7 0
4 5 5
1 , 8 6 9
5 5 %
$ 3 . 7 0
5 0 2
1 , 9 3 3
5 7 %
$ 3 . 7 0
5 1 1
1 , 8 9 3
5 6 %
$ 3 , 7 0
4 9 9
1 , 9 0 1
5 6 %
$ 3 . 5 5 4 1 6
1 , 7 7 0
5 2 %
0 6 0 0 . 0 7 0 0
$ 3 . 8 0
5 6 4
2 , 2 9 1
6 7 %
$ 3 . 8 0
5 4 2
2 , 3 1 8
6 8 %
$ 3 . 8 0
5 1 6
2 , 3 1 4
6 8 %
$ 3 , 8 0
5 3 7
2 , 2 4 4
6 6 %
$ 3 . 7 0 4 8 1
2 , 0 4 7
6 0 %
0 7 0 0 - 0 8 0 0
$ 4 . 2 0
4 4 8
2 , 0 1 4
5 9 %
$ 4 . 2 0
4 8 8
2 , 1 8 6
6 4 %
$ 4 . 2 0
4 7 2
2 , 1 7 6
6 4 %
$ 4 . 2 0 .
4 6 2
2 , 1 3 0
6 3 %
$ 4 . 1 0 3 7 2
1 , 8 5 3
5 5 %
0 8 0 0 - 0 9 0 0
$ 3 . 8 0
2 1 9
1 , 8 8 3
5 5 %
$ 3 . 8 0
1 9 9
1 , 6 4 9
4 9 %
$ 3 . 8 0
2 2 3
1 , 8 7 5
5 5 %
$ 3 . 8 0
1 9 8
1 , 7 2 8
5 1 %
$ 3 . 7 0 1 6 3
1 , 2 5 4
3 7 %
0 9 0 0 - 1 0 0 D
$ 3 . 0 5
1 7 1
1 , 3 5 0
4 0 %
$ 3 . 0 5
1 7 1
1 , 4 5 5
4 3 %
$ 3 . 0 5
1 9 7
1 , 4 0 8
4 1 %
$ 3 , 0 5
1 9 5
1 , 5 3 1
4 5 %
$ 3 . 0 5 1 4 1
1 , 1 3 5
3 3 %
M o n d a y 1 2 / 1 0 / 0 7
T u e s d a y u n i g n
W e d n e s d a y 1 2 / 1 2 1 0 7
T h u r s d a y 1 2 1 1 3 1 0 7
F r i d a y 1 2 1 1 4 / 0 7
: � 2 t i , 4 9 a , r , , J 4 f t f V A 3 0 W O
, O M
7 t g O V -
: 4 r W i r e N V I I V * t t O 5 0 1 A b t r i i g : A M 1 m e
O T . 3 , A A l d
0 4 0 0 - 0 5 0 0
$ 2 . 2 5 2 5 2 7 7 2 2 3 %
$ 2 . 2 5 2 7 9 7 4 1 2 2 %
$ 2 . 2 5 2 8 0 7 3 7 2 2 %
$ 2 . 2 5 ! 2 0 5 7 4 5 2 2 %
$ 2 . 2 5 2 1 4 6 5 1 1 9 %
0 5 0 D - 0 6 0 0
$ 3 . 7 0 4 8 0 1 , 9 2 1 5 7 %
$ 3 . 7 0 5 3 3 1 , 9 5 4 5 7 %
$ 3 . 7 0 4 9 2 1 , 8 7 8 5 5 %
$ 3 . 7 0 1 7 1 1 1 , 8 2 8 5 4 %
$ 3 . 5 5 4 7 0 1 , 7 3 2 5 1 %
0 6 0 D - 0 7 0 0
$ 3 . 8 D 4 8 1 2 , 0 6 5 6 1 %
$ 3 . 8 0 5 4 8 2 , 4 0 1 7 1 %
$ 3 . 8 0 5 3 8 2 , 3 6 5 7 0 %
$ 3 " 8 0 ' 8 9 9 2 , 2 6 3 6 7 %
$ 3 . 7 0 5 1 5 2 , 1 2 8 6 3 %
0 7 0 0 - 0 8 0 0
$ 4 . 2 0 4 6 5 2 , 1 5 1 6 3 %
$ 4 . 2 0 4 5 1 2 , 2 4 7 6 6 %
$ 4 . 2 0 4 2 2 1 . 9 4 7 5 7 %
$ 4 . 2 0 1 8 9 2 2 , 1 9 3 6 5 %
$ 4 . 1 0 4 3 0 1 , 7 8 8 5 3 %
0 8 0 0 - 0 9 0 0
$ 3 . 8 0 2 0 5 1 , 8 0 7 5 3 %
$ 3 . 8 0 1 9 1 1 , 7 2 8 5 1 %
$ 3 . 8 D 2 0 6 1 , 6 2 7 4 8 %
$ 3 . 8 0 : 8 2 0 1 , 7 4 7 5 1 %
$ 3 . 7 0 2 1 5 1 , 4 9 4 4 4 %
0 9 0 D - 1 0 0 0
$ 3 . 0 5 1 6 4 1 , 2 1 9 3 6 %
$ 3 . 0 5 1 3 3 1 , 2 1 5 3 6 %
$ 3 . 0 5 1 9 5 1 , 5 5 1 4 6 %
$ 3 . 0 5 5 8 7 1 , 3 7 0 4 0 %
$ 3 . 0 5 1 7 7 1 , 1 6 8 3 4 %
M o n d a y 1 2 1 1 7 1 0 7
T u e s d a y
1 2 1 1 E 0 0 7
W e d n e s d a y 1 2 / 1 9 1 0 7
T h u r s d a y 1 2 / 2 0 1 0 7
F r i d a y 1 2 1 2 1 / 0 7
A M l i m o
T T 1 1 . 9 i r t _ 4 Y 4 ' W / B Y 9 4 .
' ' . ' " " " "
, 2
.
, '
' , j i g
. - I X I X 1 0 , 6 1 .
. ' . . . . - k
0 0 0 _
O f t 4 0 5 , -
'
0 0 . 4
- - ' : W A V A A / P 1 4 .
0 4 0 0 - 0 5 0 0
$ 2 2 5 2 6 1 7 6 3
2 2 %
$ 2 . 2 5
2 4 8
7 2 6
2 1 %
$ 2 . 2 5 2 2 5 6 9 9
2 1 %
$ 2 . 2 5 '
2 4 6 7 1 5
2 1 %
$ 2 . 2 5
1 9 7 5 7 5
1 7 %
0 5 0 0 - 0 6 0 0
$ 3 . 7 0 4 7 1 1 , 8 9 1
5 6 %
$ 3 . 7 0
4 7 6
1 , 9 0 2
5 6 %
$ 3 . 7 0 4 4 9 1 , 8 4 0
5 4 %
$ 3 . 7 9
4 9 2 1 , 8 7 8
5 5 %
$ 3 . 5 5
4 4 8 1 , 8 4 8
5 4 %
0 6 0 0 - 0 7 0 0
$ 3 . 8 0 4 9 0 2 , 2 2 1
6 5 %
$ 3 . 8 0
4 6 8
2 , 2 3 1
6 6 %
$ 3 . 8 0 4 5 9 2 , 1 1 9
6 2 %
$ 3 . 8 0
4 8 9 2 . 2 0 3
6 5 %
$ 3 . 7 0
4 2 4 1 , 9 9 4
5 9 %
0 7 0 D - 0 8 0 0
$ 4 . 2 0 3 9 5 1 , 9 1 0
5 6 %
$ 4 . 2 0
3 6 9
2 , D 7 3
6 1 %
$ 4 . 2 0 3 3 5 1 , 7 1 0
5 0 %
$ 4 . 2 0
3 9 3 1 . 7 7 8
5 2 %
$ 4 . 1 0
3 4 4 1 , 5 5 5
4 6 %
0 B O D - 0 9 0 0
$ 3 B O 2 1 0 1 . 6 6 9
4 9 %
$ 3 . 8 0
1 8 5
1 , 6 6 9
4 9 %
$ 3 . 8 0 1 9 5 1 . 5 1 8
4 5 %
$ 3 . 8 0
1 6 1 1 , 4 8 2
4 4 %
$ 3 . 7 0
2 0 6 1 , 3 9 3
4 1 %
0 9 0 0 - 1 0 0 0
$ 3 . 0 5 1 9 5 1 , 2 9 5
3 8 %
5 3 . 0 5
1 5 9
1 , 2 8 0
3 8 %
$ 3 . 0 5 1 6 8 1 , 2 8 6
3 8 %
$ 3 . 0 5 ,
1 9 8 1 , 3 4 8
4 0 %
5 3 . 0 5
1 9 0 1 . 2 3 4
3 6 %
A 1 4 1 1 m e
M o n d a y
1 7 / 2 4 1 0 7
T u e s d a y
1 2 1 2 5 / 0 7
W e d n e s d a y
1 2 1 2 8 1 0 7
T h u r s d a y 1 2 / 2 7 / 0 7
F r i d a y 1 2 1 2 8 1 0 7
t o i l a a r t i c o o v e t i o
O A i t r A l & W a i f V n T : J : ' ' ' .
- 7 4 1 3 $ 3 / M a t i r & b r I r e 4 1 0 4 1 5 1 1 , " C i f
w i r o i r o w o 4 - x e r - w l
0 4 0 0 - 0 5 0 0
$ 2 . 2 5 5 0
1 3 2
4 %
$ 1 . 2 0
9
2 2
1 %
$ 2 . 2 5
1 3 1
4 0 4
1 2 %
8 2 2 5
1 3 7
4 3 8
1 3 %
$ 2 . 2 5
2 8 7
1 , 1 2 8
3 3 %
0 5 0 0 - 0 6 0 0
5 3 5 5 8 6
2 9 4
9 %
$ 1 . 2 0
9
2 1
1 %
$ 3 . 7 0
2 8 5
1 , 1 5 8
3 4 %
$ 3 . 7 0
3 2 2
1 , 2 6 5
3 7 %
$ 3 . 5 5
2 5 4
1 , 1 3 4
3 3 %
0 6 0 D - 0 7 0 0
$ 3 . 7 0 9 1
4 0 3
1 2 %
$ 1 . 2 0
1 0
3 1
1 %
$ 3 . 8 0
2 2 6
1 , 0 7 0
3 1 %
$ 3 . 8 0
2 6 1
1 , 2 0 6
3 5 %
$ 3 . 7 0
2 2 9
1 , 0 3 7
3 1 %
0 7 0 0 - 0 8 0 0
$ 4 . 1 0 1 0 4
4 2 6
1 3 %
$ 1 . 2 0
1 6
6 0
2 %
$ 4 . 2 0
2 0 7
9 9 8
2 9 %
$ 4 . 2 0
2 2 2
1 , 0 8 3
3 2 %
5 4 . 1 0
1 9 8
1 , 0 2 5
3 0 %
0 8 0 0 - 0 9 0 0
$ 3 . 7 0 1 4 3
5 1 3
1 5 %
$ 2 . 2 5
5 6
1 3 4
4 %
$ 3 . 8 0
1 7 4
9 5 0
2 8 %
$ 3 . 8 D
2 3 0
1 , 1 2 2
3 3 %
$ 3 . 7 0
2 5 3
9 7 5
2 9 %
0 9 0 D " 1 0 0 0
$ 3 . 0 5 1 6 1
5 6 9
1 7 %
$ 2 . 3 5
2 1 9
4 6 8
1 4 %
$ 3 . 0 5
1 8 7
9 0 4
2 7 %
$ 3 . 0 5
2 9 6
1 , 1 8 6
3 5 %
$ 3 . 0 5
2 9 1
1 , 0 4 7
3 1 %
A M T i m e
0 4 0 0 - 0 5 0 0
0 5 0 0 - 0 6 0 0
0 6 0 0 - 0 7 0 0
0 7 0 0 - 0 8 0 0
0 8 0 0 - 0 9 0 0
0 9 0 0 - 1 0 0 0
M o n d a y 1 2 / 3 1 / 0 7
T u e s d a y 0 1 1 0 1 1 0 8
W . 4 M 1 0 : 9 ~ - 1 W W U
$ 2 . 2 5 6 5 1 8 8 6 %
$ 3 . 5 5 1 2 5 4 6 6 1 4 %
$ 3 . 7 0 1 3 1 5 5 0 1 6 %
$ 4 . 1 0 1 1 7 5 4 7 1 6 %
$ 3 . 7 0 1 0 6 5 8 2 1 7 %
$ 3 . 0 5 1 4 7 5 6 6 1 7 %
W e d n e s d a y 0 1 1 0 2 / 0 8
T h u r s d a y 0 1 1 0 3 / 0 8
I S i r 6 r * * V i i i r S t W A L O S I O 0 4 4 - - : 7 1 1
F r i d a y 0 1 1 0 4 1 0 8
Customer Service and Violations Processing
Customer service and Processing activities at OCTA's operating contractor, Cofiroute USA,
continued at a busy and productive rate. In December, the Customer Service Center received
26,622 incoming calls. All performance levels specified in the operating contract were well within
established standards.
Incoming E-mail Activity
During December, the Anaheim Processing Center received a total of 3,327 e-mails, with a year-
to-date total of 24,107 e-mails.
Performance Measures
REPORTING REQUIREMENT
_._ . . _ ..,...-..,,_. _ .........
-
CUSTOMER SERVICE
"'Call Wait Time
*'Abandon Rate
i Reporting
I Period
_
orontny
monthly
1 PERFORMANCE STANDARD
I _.._._ ......... _ _,.
Not to exceed 120 seconds
No more than 4.0%
° Dec'07
Performance
.._._ .....,
unavailable
unavailable
Customer Satisfaction
nronttty
At least 75 outbound calls
76
Convert Violators to Customers
Quaterly
8.0% or more
102%
Convert Violators to Customers
Anrvaly
10% or more
VIOLATION PROCESSING
Response Time
Monthly
within 2 business days of receipt
0.8
CUSA Violation Collection Rate
Quatay
70% or more Quarterly
71.1%
CUSA Violation Collection Rate
Anrualy
74% or more Annually
'
TRAFFIC OPERATIONS
Initial & Secondary Reviews
'Plate Misread Errors
Monthly
rnronwy
= to or less than 15 days I
= to or less than 0.4%
2
0.1%
CAP Response Time
Monthly
20 min utes per call
13
ACCOUNTING
Exceptions
monthly
No more than 3 0
INFORMATION TECHNOLOGY
TollPro Uptime
Monthly
99% Availability
100%
Network Uptime
Monthly
99% Availability
100%
*Plate Misread Error performance Is accumulated over a60-day period. Percentage reported is for October 2007
"Call Wail Time and Abandon Rate performance is not availabs due to unresolved issues with the aurent phone system
•
•
Transponder Distribution Status
At the end of December 2007, the 91 Express Lanes had 119,539 active customer accounts,
with 177,420 transponders assigned to those accounts. Total transponders available for
distribution amounted to 11,847 transponders.
TRANSPONDER DISTRIBUTION
Issued
To New Accounts
December-07 November-07 FY
Tags % of Total Tags I % of Total Average
583
28.0%
739 30.5% 904
Additional Tags to Existing Accounts
390
Replacement Transponders
1,108
Total Issued; 2,081
Retu rn ed
Account Closures
Accounts Downsizing
Defective Transponders
Total Returned
453
185
989
1,627
18.7 %
511
53.2%
1,176 ,
2,426
27.8%
11.4%
60.8 %
21.1%
48.5%
598
1,287
2,788
582 34.9% 604
124 7.4% 164
.......--- ............. ..... .
964 ' 57.7% 1,164
1,670 1,932
125,000
105,000
85,000
65,000
45,000
25,000
TRANSPONDER INVENTORY STATUS
Internal External Total
TRANSPONDERS ON -HAND:
Available for Distribution:
Customer -Returned Tag Classification
1. Under Warranty- Return 10 Sirit:
2. Out of W arranty - Destroy:
3. Not yet Classified:
Total Transponders On -hand:
11,701
146
11,847
0
631
171
12,649
TRANSPONDERS CURRENTLY ASSIGNED TO ACCOUNTS: 177,420
History of Growing Number of Accounts by Fiscal Year
As of December31, 2007
01996 019970 19980 199913 2000 0 20010 20020 2003 E12004 0 20050 20060 20070 2008
8
Operational Highlights
On -road Operations
Customer Assistance Specialists (CAS) responded to 152 calls during December. The CAS team
received 86 calls to assist disabled vehicles, 39 calls to remove debris and conducted 18 assists
or traffic breaks. There were 9 accidents in the Express Lanes and 0 accidents in the general-
purpose lanes.
Projects Update
• In -lane Cameras Replacement
The In -lane Cameras Replacement project is nearly completed with the exception of a few punch
list items. All new cameras and screens are operational and in use. Connectivity to Ca!trans'
Transportation Management Center has been established. Drafting of the final acceptance plan
commenced in late August. The final acceptance testing has been scheduled for January 2008.
• Traffic Operations Center
In April, construction of the new Traffic Operations Center (TOC) began. Project punch list items,
including signage and training for the fire suppression system, have been identified and full
project completion is expected for January 2008.
• Telephone Replacement
An agreement with Integrated Technology was executed in May 2007 for the replacement of the
91 Express Lanes' telephone system. The new system will be a Norte! based solution which is
similar to the standardized telecommunication systems currently utilized by OCTA. Staff, in
conjunction with Cofiroute, is currently working on the Interactive Voice Response (IVR)
component. It is anticipated testing and training on the operation of the new system will take
place throughout December. The project should be completed by January 2008.
Financial Highlights
91 Express Lanes
Operating Statement
YTD as of December 31, 2007
YTD Variance
Description
Actual
Budget
dget
Dollar $
Percent (%)
M.� g
�
Operating revenues:
Toll revenue
19,311,903.76
$ 19,923,336.00
$ (611,432.24)
(3.1)
Fee revenue
4,314,247.92
3,782,384.00
531,863.92
14.1
Total o eratin revenues
23,626,151.68
23,705,720.00
(79,568.32)
(0.3)
Operating expenses:
Contracted services
2,874,712.53
2,996,820.00
122,107.47
4.1
Administrative fee
801,859.38
1,256,142.00
454,282.62
36.2
Other professional services
477,127.79
721,505.00
244,377.21
33.9
Credit card processing fees
562,119.73
550,000.00
(12,119.73)
(2.2)
Toll road account servicing
363,321.12
512,500.00
149,178.88
29.1
Other insurance expense
198,231.18
250,000.00
51,768.82
20.7
Toll road maintenance supply repairs
147,661.97
228,500.00
80,838.03
35.4
Patrol services
212,461.58
210,000.00
(2,461.58)
(1.2)
Building equipment repairs and maint
224,606.64
598,250.00
373,643.36
62.5
Other services
1,871.00
152,500.00
150,629.00
98.8
Advertising fees
38,408.78
96,500.00
58,091.22
60.2
Utilities
7,086.71
67,704.00
60,617.29
89.5
Office expense
42,542.78
271,267.00
228,724.22
84.3
Bad debt expense
220,182.43
-
(220,182.43)
N/A
Miscellaneous
110,379.99
118,990.00
8,610.01
7.2
Leases
201,689.62
206,252.00
4,562.38
2.2
Property taxes
-
-
-
N/A
Depreciation and amortization
4,694,959.53
-
(4,694,959.53)
N/A
Total operating expenses
11,179,222.76
8,236,930.00
(2,942,292.76)
(35.7)
Operating income (loss) 12,446,928.92 15,468,790.00 (3,021,861.08)1 (19.5)
Nonoperating revenues (expenses):
Interest income
1,718,563.51
1,474,000.00
244,563.51
16.6
Interest expense
(5,496,413.82)
(5,819,446.00)
323,032.18
5.6
Other
7,744.78
26,850.00
(19,105.22)
71.2
Total nonoperating revenues (expenses)
(3,770,105.53)
(4,318,596.00)
548,490.47
12.7
Transfers in
-
-
-
N/A
Transfers out
-
(1,180,000.00)
1,180,000.00
100.0
Net income (loss)1 $ 8,676,823.39 1 $ 9,970,194.00 I $ (1,293,370.61)1 (13.0)
'Actual 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.
'Miscellaneous expenses include: Bond Insurance Costs, Bank Service Charge, Transponder Materials.
'Depreciation and amortization are not budgeted items.
Capital Asset Activity
During the six months ending December 31, 2007, capital asset activities included approximately $75,118
related to the purchase of communication equipment, $398,352 for the purchase of transponders and
$32,733 related to the purchase of computer equipment.
10
ATTACHMENT D
1/111
OCTA Orange County Transportation Authority
Express
Lanes
Status Report
January 2008
As of January 31, 2008
Operations Overview
Traffic and Revenue Statistics
Total traffic volume on the 91 Express Lanes for January 2008 was 1,036,916. This represents a
daily average of 33,449. This is a 12.2% decrease in total traffic volume from the same period
last year when traffic levels totaled 1,180,543. Potential toll revenue for the month was
$3,192,596 which represents a decrease of 6.7/0 from the prior year's total of $3,423,061. The
slowdown in the regional economy, coupled with high gas prices and high foreclosures rates, can
be attributing to the decrease. Carpool percentage for the month was 20.65% compared to the
previous year's rate of 20%. Average hourly revenue per trip is $0.04 or 1.3% more than
projected by Vollmer.
Month -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 91 Express Lanes and associated
potential revenue for the month of January 2008.
Current Month -to -Date as of January 31, 2008
(2006/2007 data is for the corresponding month in that fiscal year)
Full Toll Lanes
3+ Lanes
Total Gross Trips
Full Toll Lanes
3+ Lanes
Total Gross Revenue
Average Full Toll Lanes
Average 3+ Lanes
Average Gross Revenue
822,791
214,125
1,036,916
$3,109,892
$82,704
$3,192,596
$3.78
$0.39
$3.08
959,971
222,629
1,182,600
$3,524,908
$74,257
$3,599,157
$3.67
$0.33
$3.04
(137,180)
(8,504)
(145,684)
($415,008)
$8,447
($406,561)
$0.11
$0.06
$0.04
(14.3%)
(3.8%)
(12.3%)
(11.8%)
11.4%
(11,3%)
3.0%
182%
1.3%
944,381
236,162
1,180,543
$3,338,025
$85,035
(12.9%)
(9.3%)
(12.2%)
$3,423,061
$3.53
$0.36
$2.90
(6.8%)
(2.7%)
7.1 %
• 8.3%
62%
The 2007/2008 fiscal year-to-date traffic volume is 4.7% lower than the same period last year.
The 2007/2008 fiscal year-to-date revenue is 1.5% higher than for the same period last year and
is below Vollmer's projections by 8.0%. Year-to-date average hourly revenue per -trip is $0.13 or
4.3% less than projected by Vollmer.
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 91 Express Lanes and associated
potential revenue for the months of July 2007 through January 2008.
Fiscal Year 2007/2008 to Date as of January 31, 2008
(2007/2008 data is for the period July 1, 2007 through January 31, 2008; 2006/2007 data is for the corresponding period
in that fiscal year)
•
may,
Full Toll Lanes
6,364,971
6,740,800
(375,829)
(5.6%)
6,739,184
(5.6%)
3+ Lanes
1,768,599
1,714,300
54299
32%
1,794,705
(1.5%)
Total Gross Trips
8,133,570
8,455,100
(321,530)
(3.8%)
8,533,889
(4.7%)
Full Toll Lanes
$23,087,081
$25,219,814
($2,132,733)
(8.5%)
$22,800,823
13%
3+ Lanes
$581,831
$512,257
$69,573
13.6%
$528,950
10.0%
Total Gross Revenue
$23,668,912
$25,732,071
($2,063,160)
(8.0%)
$23,329,773
1.5%
(� p� eat gyp � �{
�+ ee iiiit704111,1
fii; 4
y
R
a .at
.�
Average Full Toll Lanes $3.63 $3.74
($0.11)
(2.9%)
$3.38
7.4%
Average 3+ Lanes $0.33� $0.30
$0.03
10.0%
$029
13.8%
Average Gross Revenue $2.91 $3.04
($0.13)
(4.3%)
$2.73
6.6%
•
Traffic and Revenue Summary
The chart below reflects the total trips breakdown between Full Toll trips and HOV3+ trips for
Fiscal Year 2007/08 on a month basis.
Fiscal Year 2007-2008 Traffic Volume Overview
934,677,11,002340, 1 968.416
896,675 1862,817
.L-.. ,!
Jul-07 Aug-07 Sep-07 0c1-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08
Month
The chart below reflects the gross potential revenue breakdown between Full Toll trips and
HOV3+ trips for Fiscal Year 2007/08 on a monthly basis.
$3,63D,000
$3,450,000
g $3,27D,000
m
K $3,090,000
$2,910,000
$2,730,000
$2,550,000
Fiscal Year 2007-2008 Revenue Summary
3,618,260
3,322,519;
3,200,788
76,369
3,609,164� i 78,575 1
i
�3,215,570-
3,010,105
Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08
Month
■ Full Toll Lanes ■ 3+ Lanes
Ten times during the month of January 2008, peak hour eastbound traffic as reflected in the chart
below exceeded 90% or more of defined capacity, with the highest volume at 92% of defined
capacity on Wednesday, January 91h, during the 4:00 pm hour. As demonstrated on the next
chart, westbound peak hour traffic volumes top out at 74% of defined capacity.
EASTBOUND PEAK -HOUR VOLUMES
Monday
12/31/07
Tuesday
01/01/08
Wednesday
01/02/08
Thursday
01103108
Friday
01/0408
PM Time
._`v-.
"'`a ,.+,
1400. 1500
�,-: "�
� '�
$3.80
212
678
17%
5380
331
1,871
55%
33.90
318
Z133
63%
$5.10
373
2417
71%
1500-1600
"'
$3.80
198
518
15%
$5.95
483
2,639
78%
$5.70
508
2,822
83%
$10.00
496
2520
74%
-
.-
1600-1700
°.
`:
53.80
256
548
16%
$8.50
479
2,665
78%
39.25
477
2773
82%
$950
404
2549
75%
1700 1800
-
-
$3.80
295
596
18%
44.50
442
2,652
78%
$9.25
495
2,747
81%
$8.00
414
2,512
74%
1800 • 1900
^:f
'";
$3.80
328
864
20%
$4.95
473
2,388
70%
45.75
512
2607
77%
$4.90
456
2223
65%
190D 2000
x+;.
--x�.
-,;_
53.50
300
546
16%
$2.90
313
1,320
39%
44.15
327
1,474
43%
$4.55
384
1,525
45%.
Mondry
01/07/08
Tuesday
018150.8
Wednesday
01/09/08
Thursday,T. 01/10/08
Friday
01111/08
PM TimePrke
...
.�
...��rv.
.iGv€-n.�!�'..
,. ,,
`.
..'.:�P,4
Y�-..
,`§Fth
•,;4
1403-1503
$3 BO
197
1,658
49%
33.80 225
1,811 53%
$3.80 224
1,916
56%
$3.90 247 2,202�-
65%
15.10
347
2710
80%
1500-1600
$4.10
421
Z745
81%
$4.70 518
2,865 84%
$5.95 462
2447
72%
$5.70 504 2,78E
B2%
510.00
578
3,023
89%
1600-1700
56.85
421
2760
81%
48.00 453
2,907 B6%
4$68 479
1-3,142
9254'
$925 493 <Ri2$
92%
se '
118
1700-1300
56.65
417
2796
82%
$850 465
2,624 11314
58.50 450
2722
80%
$9.25 468 Z951
87%
$8.03
493
2,945
87%
1800-1900
$4.10
470
2377
70%
15.45 503
2,551 75%
$4.95 534
2,564
78%
`55A5 s 536 ? >4:1'
91%-
$4,90
531
"al
78%
1900-2000
5290
247
1,256
37%
$2.90 278
1,465 43%
$2.90 309
1,588
46%
54.15 397 2,423
71%
54.55
466
2,054
60%
Mondry
01/14/08
Tuesday
01/15N8
Wednesday
01/16/08
Thursday 01/17/08
Friday
01118/08
PM Time,.,
.
X
�. -..
,....
0
1400-1500
$3.80 218
1,730
51%�43.80
20D
1,860
55%
53.80
242
1,990
59%
33.90
258 2,231 66%
55.10
386
2,744
82%
1500-1600
$4.10 488
2806
43%
$4.70
491
2946
87%
$5.95
527
2922
86%
4570
469:a' 3,068 „HO%:
410.00
588
2,831
83%
1600-1700
$6.85 414
2,691
79%
48.03
447
3,040
89%
$13.50
380
2688
79%
5925
454 ;��3,06T r 90%"
$8.50
480
2691
79%
1700-1800
$6.65 M2
3,003
84%
48.50
481
2,843
84%
$8.50
488
3011
89%
$925
440 2,844 84%.
$8.00
505
2,924
86%
1800-1900
$4.10 532
2867
84%
1545
549
2,945
87%
$1115
482
2684
79%
$5.75
570 ,':.3,087 815$•
$4.90
528
2,699
78%
1900-2000
$290 329
1,874
49%
42.90
322
1,826
54%
$2.90
366
2,159
64%
$4.15
341 1,982 58%
$4.55
541
Z587
78%
Monday
01/21/08
Tuesday
0122108
Weenies dry
01/23/08
Thureay
0124/DB
Riday
01/25/08
PM Time
1400. 1500
$3130
296
1,609
47%
$3.80
219
1,834
54%
43.80
224
1,900
506
43.90
249
2,034
60%
$5.10
335
2,586
76%
1500-1600
$910
490
2404
71%
$4.70
451
2,791
82%
$5.95
472
2,738
81%
45.70
MO
2,837
83%
$10.00
540
2,618
77%
1600-1703
56.45
447
2436
72%
48.00
399
2858
84%
58.50
498
2,798
82%
:$125
t 463
3,072
/,BO
$950
424
2559
75%
1 700- 1800
46.85
499
2,614
77%
$8.50
401
2682
79%
$8.50
506
2944
87%
$9.25
456
2,814
83%
38.00
411
2414
71%
1800-1900
$4.10
538
2564
75%
$5.45
480
2,593
70%
$1.95
537
2,760
61%
$5.75
474
2585
76%
$4.90
431
2178
64%
1900-2000
$290
343
1,372
40%
$2.90
271
1,504
M%
$2.90
380
2,219
05%
44.15
269
1,652
-49%
$4.55
373
1,508
47%
Monday
0128/e8
Tuesday
01/29108
Wednesday
01/30108
Thursday 01/31/08
Fdday 02101/08
PM Time
i '�
-"
!u` u`;
ixi"' 4
yy$
._✓
,, Q„`-,•4? .0t1;
... i4
✓iP
1400-1500
1380 19D
1,613
47%
$3.60 226
1,898
55%
$3.80
250
1,941
..
57%
$3.90
267 2225
65%
1500-1600
$4.10 402
2433
72%
$4.70 442
2,132
77%
45.95
439
2,765
81%
'$570
S10f .'3,0T0
90%z
1600-1700
$6.85 304
2,520
74%
$8.00 431
2813
66%
58.50
461
2864
84%
,
4fi1 37,083
1,1
1700-1000
$6.65 370.
2591
76%
$8.50. 428
2852
84%
$850
455
2,893
85%
$9.25
471 2995
88%
_
1600-1900
54.10 411
2220
65%
$5.45 534
2728
80%
$4.95
516
2897
85%
45.75
494 2,890
85%
1900-2000
VA 232
1,311
39%
4290 267
1,494
M%
$2.90
368
1,817
53%
44.15
389 2,106
62%
EExpreaus
5
•
WESTBOUND PEAK -HOUR VOLUMES
Monday 12/31/07
Tuesday 01101/08
Wednesday
01/02/88
Thursday
O1103/08
Friday
0191408
AM llrne
0bam^3I4�f5�01.,�•z
a�"': .�L
j�i..-.
,-rat
t-�'.,^.Js'
.r....
��
_.
T$2.25
•
0400 0500
- '-' ,.
$1.20 24 42
1%
$2.25
220
Gig
1991
52.25
232
598
18%
186
547
16%
0500 0600
`
$1.20
14
33
1%
$3.70
404
1,716
50%
$3.70
411
1,759
52%
$3.55
338
1,3M
41%
0600-0700
$120
15
48
1%
$3.60
338
1,696
50%
53.80
396
1,772
52%
$3.70
300
1,403
41%
0700 0600
_
F
Gr"
$1.20
23
56
2%
$4.20
251
1,325
39%
$4.20
286
1,390
41%
$4.10
265
1,258
37%
0800 0900
"' a`
$1.20
30
103
3%
33.80
193
1,256
37%
53.80
209
1,324
39%
$3.70
202
1,230
36%
0900 1000
"- _ r-
$225
86
215
8%
63.05
225
1,059
31%
$3.05
222
1,173
35%
$3.05
179
1,058
31%
Mondry
01/07108
Tuesday 01108/08
Wednesday
01/09108
Thursday
01/10/08
Friday
01/11/08
AM dine
�Pif�"1,1PY �s $
dw � ea.....'���',!'"•c
0400-0500
.�,.
$225 237 692
20%
$2.25
243
671
20%
$2.25
264
669
20%
$225
164
648
19%
$2.25
237
673
20%
0500-0600
$3.70
433
1,766
52%
$370
495
1,804
53%
$3.70
482
1,805
53%
$3.70
674
1,802
53%
$3.55
458
1,705
SON.
0600-0700
53.80
494
2160
64%
$3.80
540
2144
63%
$3.80
515
2218
65%
$3.80
829
2177
64%
$3.70
473
2,016
59%
0700-0800
$4.20
337
1,723
51%
$4.20
392
2,179
64%
$4,20
418
1,856
58%
54.20
791
1,980
58%
$440
433
2,029
60%
0800-D900
$3.80
156
1,332
39%
$3.80
199
1,514
45%
$3.80
200
1,517
45%
$3.80
673
1,507
44%
$3.70
220
1,603
47%
0900-1000
$3.05
129
981
29%
$3.05
163
1,195
35%
$3.05
150
1,132
33%
$3.05
544
1,311
39%
$3.05
178
1,174
35%
Monday 01/14/08
Tuesday
01H5/08
Wednesday
01/16108
Thursday 01/17/08
Friday 01118/08
AM11me
x:14�`i"ce'11!#Y,-
BR1l7
Vqt'
. , •••-
...
_.,�,..•.....,:_-�'
s ....,....
,.NOt/' _-
-
, ISNs:
0400-0500
$225 268 735
22%
$225 259
667
20%
$225
255
649
19%
$2.25
240 636
19%
$2.25 239 624
18%
0500-0600
$3.70 442 1,049
54%
$370 476
1,835
54%
$3.70
501
1,838
54%
$3.70
466 1,792
53%
$3.55 449 1,672
49%
0600. 0700
63.80 491 2,167
60%
$3.80 505
2220
65%
$3.80
495
2163
64%
$3.80
331 1,494
44%
$3.70 48D 2,122
62%
0700-06130
$4.20 434 1,988
58%
$4.20 430
1,990
59%
$4.20
446
2,151
63%
$4.20
529 2,319
68%
$4.10 407 1,911
56%
0800. 0900
63.80 180 1,638
48%
$3.80 274.
1,688
5D%
$3.80
224
1,722
51%
$3.80
250 2,120
62%
$3.70 205 1,578
46%
0900-1000
$3.05 148 1,247
37%
$3.05 154
1,177
35%
$3.05
152
1,351
40%
$3.05
169 1,565
46%
$3.05. 167 1,082
32%
Mondry
01/21/08
Tuesday
01/22108
Wednesday
01/23108
Thurtdey
01/24/08
Friday
01125108
AM Mare,.+._,,,.�..»,.,...
M'•.,.
..�..-..
•7
0400-0500
5225
183
540
16%
$2.25
247
665
20%
$2.25
259
674
20%
$2.25
245
683
20%
$225
31
131
4%
0500-.0680
$3.70
326
1,430
42%
$3.70
413
1175
52%
$3.70
442
1,698
50%
$3.70
437
1,786
53%
$3.55
2
11
0%
0600-0700
$3.80
255
1,341
39%
$3,80
464
2,117
62%
$3110
518
2128
63%
$3.80
491
2.224
65%
$310
356
1,884
55%
0700-0800
64.20
178
1,095
32%
$4.21)
444
2126
63%
$4,20
389
1,853
55%
$4.2D
386
1,844
54%
$4.10
35D
1,889
56%
0800-0900
$3.80
216
1,082
32%
$3.8D
211
1,845
54%
$3.80
143
1,357
40%
$3.80
152
1,464
43%
$3.70
256
2,510
74%
0900-1000
$3.05
242
1,072
32%
$3.05
138
1,396
41%
$3,05
122
1,220
36%
$3.05
101
1,237
36%
$3.05
140
1,144
34%
Mondry
0113/08
Tuesday 01/29/08
Wednesday
Thursday
01/31/08
Friday
02/01/08
AM Time
'Mehl
••=.
E.srx*._,,.
{a _
_ c._.._
,-
>.?4
0400-0500
$225 216
751
22%
$2.25 240 639
19%
$225
250 658
19%
$225 246
668
20%
,-,'-
0500 - 0600'
$3.70 410
1,677
49%
$3.70 456 1,777
52%
$3.70
473 1,816
53%
$330 469
1,840
54%
0600-0700
$3.80 473
2,137
63%
$3.80 505 2155
63%
$3,80
501 2,293
67%
$3.80 472
2068
61%
0700-0000
6420 436
1,890
56%
$4.20 436 1,685
55%
$4.20
438 2014
59%
$4.20 471
2071
61%
�°
0800-0900
$380 205
1,821
54%
$3.80 170 1,479
44%
$3.80
160 1,32
38%
$330 206
1,726
51%
0900-1000
$3.05 141
1,385
41%
$3.05 151 1,324
39%
13.05
125 1,205
35%
$3.05 136
1,321
39%
Customer Service and Violations Processing
Customer service and Processing activities at OCTA's operating contractor, Cofiroute USA,
continued at a busy and productive rate. Due to the previous telephone system malfunctions and
the cutover to the new telephone system at the end of January, the Customer Service Center
phone activity is not available. All other performance levels specified in the operating contract
were well within established standards.
Incoming E-mail Activity
During January, the Anaheim Processing Center received a total of 3,955 e-mails, with a year-to-
date total of 28,062 e-mails.
Performance Measures
REPORTING REQUIREMENT
CUSTOMER SERVICE
Reporting PERFORMANCE STANDARD
Period
Jan
Performance
unavaiable
_
I unavaiable
08'
-
___ _ _
** Call Wait Time
„ -- _
Abandon Rate
---
Monthly ,Not to exceed 120 seconds -
-- -- - -
Monthlyr No more than 4 0%
Customer Satisfaction j
Monthly At least 75 outbound calls
75
�r
Convert Violators to Customers
Quarterly 8 0%0 or more
Convert Violators to Customers
Annually 10% or more
VIOLATION PROCESSING
0.8
_ w
Response Time s
Monthly {within 2 business days of receipt
CUSA Violation Collection Rate
Quarterly i70% or more Quarterly
CUSA Violation Collection Rate
Annually 74% or more Annually
TRAFFIC OPERATIONS
_______._..__ _ __ _
Months �= to or less than 15 days
2
_._ ____
0 08%
... 14 _
_____
Initial & Secondary Reviews
* Plate Misread Errors
Monthly Ito or less than 0.4%
CAP Response Time
Monthly i20 minutes per call _
ACCOUNTING
_ _
0
Exceptions _
_
Monthly j No more than 3
INFORMATION TECHNOLOGY
TollProUptime
Monthly ,;99%Availability
100%
Network Uptime
Monthly 99%Availability
100%
' Plate Misread Error performance is accumulated over a 60-day period. Percentage reported is for November 2007
*'Call Wait Time and Abandon Rate performance is not available due to unresolved issues with the current phone system
•
•
"
T r a n s p o n d e r D i s t r i b u t i o n S t a t u s
A t t h e e n d o f J a n u a r y 2 0 0 8 , t h e 9 1 E x p r e s s L a n e s h a d 1 1 9 , 1 8 6 a c t i v e c u s t o m e r a c c o u n t s , w i t h
1 7 7 , 0 5 6 t r a n s p o n d e r s a s s i g n e d t o t h o s e a c c o u n t s . T o t a l t r a n s p o n d e r s a v a i l a b l e f o r d i s t r i b u t i o n
a m o u n t e d t o 9 , 4 2 2 t r a n s p o n d e r s .
1 2 5 , 0 0 0
1 0 5 , 0 0 0
8 5 , 0 0 0
6 5 , 0 0 0
4 5 , 0 0 0
2 5 , 0 0 0
T R A N S P O N D E R D I S T R I B U T I O N
J a n a r y - 0 8 D e c e n b e r - 0 7 F Y
T a g s % o f T o t a l T a g s % o f T o t a l A v e r a g e
I s s u e d
T o N e w A c c o u n t s
6 8 7 2 7 . 3 % - 5 8 3 2 8 . 0 % 8 7 3
A d d i t i o n a l T a g s t o E x i s t i n g A c c o u n t s
5 4 3
R e p l a c e m e n t T r a n s p o n d e r s
1 , 2 8 2
T o t a l I s s u e d : 2 , 5 1 2
R e t u r n e d
A c c o u n t C l o s u r e s
A c c o u n t s D o w n s i z i n g
D e f e c t i v e T r a n s p o n d e r s
2 1 . 6 %
3 9 0
5 1 . 0 %
1 , 1 0 8
2 , 0 8 1
6 9 7 3 3 . 0 %
2 1 2 1 0 . 0 %
1 , 2 0 1 5 6 . 9 %
T o t a l R e t u r n e d 2 , 1 1 0
1 8 . 7 %
5 3 . 2 %
4 5 3 2 7 . 8 %
1 8 5 1 1 . 4 %
9 8 9 6 0 . 8 %
1 , 6 2 7
5 9 0
1 , 2 8 6
2 , 7 4 9
T R A N S P O N D E R I N V E N T O R Y S T A T U S
I n t e r n a l E x t e r n a l
T o t a l
T R A N S P O N D E R S O N - H A N D :
A v a i l a b l e f o r D i s t r i b u t i o n :
C u s t o m e r - R e t u r n e d T a g C l a s s i f i c a t i o n
1 . U n d e r W a r r a n t y - R e t u r n t o S i r i t :
2 . O u t o f W a r r a n t y - D e s t r o y :
3 . N o t y e t C l a s s i f i e d :
9 , 2 9 6 1 2 6 9 , 4 2 2
T o t a l T r a n s p o n d e r s O n - h a n d :
0
2 , 5 6 8
3 4 4
1 2 , 3 3 4
T R A N S P O N D E R S C U R R E N T L Y A S S I G N E D T O A C C O U N T S : 1 7 7 , 0 5 6
H i s t o r y o f G r o w i n g N u m b e r o f A c c o u n t s b y F i s c a l Y e a r
A s o f J a n u a r y 3 1 , 2 0 0 8
I D 1 9 9 6 0 1 9 9 7 1 7 1 9 9 8 0 1 9 9 9 R I 2 0 0 0 E l 2 0 0 1 0 2 0 0 2 0 2 0 0 3 6 1 2 0 0 4 0 2 0 0 5 0 2 0 0 6 0 2 0 0 7 0 2 0 0 9
8
Operational Highlights
On -road Operations
Customer Assistance Specialists (CAS) responded to 138 calls during January. The CAS team
received 62 calls to assist disabled vehicles, 32 calls to remove debris and conducted 31 assists
or traffic breaks. There were 8 accidents in the Express Lanes and 5 accidents in the general-
purpose lanes.
Projects Update
• In -lane Cameras Replacement
The final acceptance testing for the In -lane Cameras Replacement project took place on January
25th. A few exceptions were identified during the testing and the vendor is working to resolve the
issues. This project consisted of replacing all 35 in -lane cameras with cameras that have
powerful pan, tilt and zoom capabilities, installing additional security cameras at the 91 Express
Lanes' facilities, and upgrading the digital image recording devices to allow 24/7 continuous
recording with seven days storage capacity. Connectivity to Caltrans Traffic Management Center
(TMC) was established that enables image control capability from the TMC.
• Traffic Operations Center
The build -out of the new 91 Express Lanes Traffic Operation Center (TOC) has been completed.
This tenant improvement project entailed acquiring 1,336 square feet of leased space to house
the new TOC, replacing all video monitors, and expanding the TOC server room. The TOC
houses all the necessary hardware, software and connectivity solutions to operate the cameras /
surveillance system.
• Telephone Replacement
The cutover from the previous telephone system to the upgraded system was successful and full
implementation was completed on January 30, 2008. Incoming calls were successfully handled
by the customer service representatives with little or no disruption. The new system is a Norte!
based solution which is similar to the standardized telecommunication system currently utilized by
OCTA. Additional enhancements to the new system include Interactive Voice Response (IVR)
capabilities which allow customers to update their credit card information and make credit card
payments through the IVR menu. In addition, screen pop functionality is now available. Through
this new feature, the customer's account information automatically "pops" onto the customer
service representative's computer monitor when a call is transfer from the IVR to the
representative.
Financial Highlights
91 Express Lanes
Operating Statement
YTD as of January 31, 2008
YTD Variance
Descri • tion
Actual Bud et
Dollar $
Percent %
Operating revenues: _
Toll revenue
22,306,043.60
$ 23,257,019.00
$ (950,975.40)
(4.1)
Fee revenue
5,024,545.94
4,438,521.00
586,024.94
13.2
Total operatin revenues
27 330,589.54
27,695 540.00
964,950 46)
(1.3)
Operating expenses:
Contracted services
3,363,487.91
3,520,014.00
156,526.09
4.4
Administrative fee
935,502.61
1,465,499.00
529,996.39
36.2
Other professional services
702,768.07
2,303,919.00
1,601,150.93
69.5
Credit card processing fees
652,747.36
641,300.00
(11,447.36)
(1.8)
Toll road account servicing
414,956.69
597,575.00
182,618.31
30.6
Other insurance expense
231,296.16
250,000.00
18,703.84
7.5
Toll road maintenance supply repairs
163,775.29
266,431.00
102,655.71
38.5
Patrol services
247,729.85
244,860.00
(2,869.85)
(1.2)
Building equipment repairs and maint
264,029.66
698,250.00
434,220.34
62.2
Other services
1,871.00
152,915.00
151,044.00
98.8
Advertising fees
81,506.87
141,500.00
59,993.13
42.4
Utilities
8,345.73
78,800.00
70,454.27
89.4
Office expense
58,661.08
346,402.00
287,740.92
83.1
Bad debt expense
255,189.84
-
(255,189.84)
N/A
Miscellaneous
132,550.42
139,360.00
6,809.58
4.9
Leases
259,925.44
240,490.00
(19,435.44)
(8.1)
Property taxes
-
-
N/A
Depreciation and amortization
5,468,446.41
-
(5,468,446.41)
N/A
Total operating expenses
13,242,790.39
11,087,315.00
(2,155,475.39)
(19.4)
Operating income (loss) 14,087,799.15 1 16,608,225.00 1 (2,520,425.85)1 (15.2)
Nonoperating revenues (expenses):
Interest income
2,380,919.01
1,718,684.00
662,235.01
38.5
Interest expense
(6,465,626.85)
(6,785,474.00)
319,847.15
4.7
Other
33,566.07
31,307.00
2,259.07
(7.2)
Total nonoperating revenues (expenses)
(4,051,141.77)
(5,035,483.00)
984,341.23
19.5
Transfers in
-
-
-
N/A
Transfers out
-
0,375,880.00)
1,375,880.00
100.0
Net Income (loss)1 $ 10,036,657.38 1 $ 10,196,862.00 1 $ (160,204.62)1 (1.6)
'Actual 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.
'Miscellaneous expenses include: Bond Insurance Costs, Bank Service Charge, Transponder Materials.
'Depreciation and amortization are not budgeted items.
Capital Asset Activity
During the seven months ending January 31, 2008, capital asset activities included approximately $76,844
related to the purchase of communication equipment, $398,352 for the purchase of transponders and
$32,733 related to the purchase of computer equipment.
10
" M I
O C T A
M a r c h 2 1 , 2 0 0 8
T o : S t a t e R o u t e 9 1 A d v i s o r y C o m m i t t e e
F r o m : V K i r k A v i l a , G e n e r a l M a n a g e r , 9 1 E x p r e s s L a n e s
S u b j e c t : 9 1 E x p r e s s L a n e s F i n a n c i a l S t a t e m e n t s
O v e r v i e w
M a y e r H o f f m a n M c C a n n P . C . , a n i n d e p e n d e n t a c c o u n t i n g f i r m , h a s c o m p l e t e d i t s
a n n u a l a u d i t o f t h e 9 1 E x p r e s s L a n e s f i n a n c i a l s t a t e m e n t s f o r f i s c a l y e a r 2 0 0 7
a n d h a s i s s u e d i t s i n d e p e n d e n t a u d i t o r ' s o p i n i o n . A c o p y o f t h e a u d i t e d f i n a n c i a l
s t a t e m e n t s i s a t t a c h e d f o r t h e S t a t e R o u t e 9 1 A d v i s o r y C o m m i t t e e r e v i e w .
R e c o m m e n d a t i o n
R e c e i v e a n d f i l e t h e 9 1 E x p r e s s L a n e s A n n u a l F i n a n c i a l S t a t e m e n t s f o r f i s c a l
y e a r 2 0 0 7 .
B a c k g r o u n d
T h e O r a n g e C o u n t y T r a n s p o r t a t i o n A u t h o r i t y ( O C T A ) p r e p a r e s t h e f i n a n c i a l
s t a t e m e n t s f o r t h e 9 1 E x p r e s s L a n e s F u n d , w h i c h p r e s e n t t h e r e s u l t s o f
o p e r a t i o n s d u r i n g t h e p r e c e d i n g f i s c a l y e a r a n d t h e f i n a n c i a l p o s i t i o n a t y e a r e n d .
I n a d d i t i o n , O C T A i s r e q u i r e d t o o b t a i n a n i n d e p e n d e n t a u d i t o r ' s o p i n i o n o n t h e
f i n a n c i a l s t a t e m e n t s . T h e a u d i t w a s c o n d u c t e d b y M a y e r H o f f m a n
M c C a n n P . C . ( M H M ) , a n i n d e p e n d e n t a c c o u n t i n g f i r m , t o o b t a i n r e a s o n a b l e
a s s u r a n c e a b o u t w h e t h e r t h e f i n a n c i a l s t a t e m e n t s a r e f r e e o f m a t e r i a l
m i s s t a t e m e n t .
D i s c u s s i o n
M H M h a s c o m p l e t e d i t s a n n u a l a u d i t a n d h a s i s s u e d i t s o p i n i o n o f t h e
9 1 E x p r e s s L a n e s f i n a n c i a l s t a t e m e n t s f o r t h e f i s c a l y e a r e n d e d J u n e 3 0 , 2 0 0 7 .
T h e a u d i t s w e r e c o n d u c t e d i n a c c o r d a n c e w i t h g e n e r a l l y a c c e p t e d a u d i t i n g
s t a n d a r d s a n d t h e s t a n d a r d s a p p l i c a b l e t o f i n a n c i a l a u d i t s c o n t a i n e d i n t h e
G o v e r n m e n t A u d i t i n g S t a n d a r d s , i s s u e d b y t h e C o m p t r o l l e r G e n e r a l o f t h e
U n i t e d S t a t e s . T h e a u d i t o r s h a v e i s s u e d a n u n q u a l i f i e d o p i n i o n o n t h e f i n a n c i a l
s t a t e m e n t s , i n d i c a t i n g t h a t t h e s t a t e m e n t s p r e s e n t s f a i r l y , i n a l l m a t e r i a l
O r a n g e C o u n t y T r a n s p o r t a t i o n A u t h o r i t y
5 5 0 S o u t h M a i n S t r e e t / P . O . B o x 1 4 1 8 4 / O r a n g e / C a l i f o r n i a 9 2 8 6 3 - 1 5 8 4 / ( 7 1 4 ) 5 6 0 - O C T A ( 6 2 8 2 )
91 Express Lanes financial Statements Page 2 •
aspects, the financial position of the 91 Express Lanes Fund, as of
June 30, 2007. A copy of the audited financial statements is included as
Attachment A.
Summary
MHM, an independent accounting firm, has audited the 91 Express Lanes
financial statements and has issued its unqualified opinion as to the fairness of
the financial statements presentation and are free of material misstatement.
Attachment
A. 91 Express Lanes Fund (An Enterprise Fund of the Orange County
Transportation Authority) Financial Statements Year Ended
June 30, 2007
•
ATTACHMENT A
91 EXPRESS LANES FUND
(An Enterprise Fund of the Orange
County Transportation Authority)
FINANCIAL STATEMENTS
Year Ended June 30, 2007
•
91 Express Lanes Fund
(An Enterprise Fund of the Orange County Transportation Authority)
Audited Financial Statements
For the Fiscal Year Ended June 30, 2007
CONTENTS
Independent Auditor's Report 1
Financial Statements:
Statement of Fund Net Assets 2
Statement of Revenues, Expenses and Changes in Fund Net Assets 3
Statement of Cash Flows 4
Notes to the Financial Statements 5
411
Mayer H9ffrnan McCann RC.
An Independent CPA Firm
Conrad Government Services Division
2301 Dupont Drive, Suite 200
Irvine, Califomia 92612
949-474.2020 ph
949-263-5520 fx
www.mhm-pc.com
Board of Directors
Orange County Transportation Authority
Orange, California
INDEPENDENT AUDITORS' REPORT
We have audited the accompanying financial statements of the 91 Express Lanes, an enterprise
fund of the Orange County Transportation Authority (Authority), as of and for the year ended
June 30, 2007, which collectively comprise the Authority's basic financial statements as listed in
the table of contents. These financial statements are the responsibility of the Authority's
management. 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 of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements, An audit
also includes assessing the accounting principles used and the significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe
that our audit provides a reasonable basis for our opinion.
As discussed in Note 1, the financial statements present only the 91 Express Lanes Fund of the
Authority and do not purport to, and do not, present fairly the financial position of the Authority,
as of June 30, 2007, and the changes in its financial position and cash flows, where applicable,
for the year then ended in accordance with accounting principles generally accepted in the
United States of America.
In our opinion, the financial statements referred to above present fairly, in all material respects,
the financial position of the 91 Express Lanes Fund of the Authority as of June 30, 2007, and
the changes in its net assets and its cash flows for the year then ended in conformity with
accounting principles generally accepted in the United States of America.
Irvine, California
October 19, 2007
91 Express Lanes Fund
(An Enterprise Fund of the Orange County Transportation Authority)
Statement of Fund Net Assets
June 30, 2007
Assets
Current Assets:
Cash and investments $ 36,865,702
Receivables:
Interest 692,822
Violations 6,510,023
Allowance for doubtful accounts (721,929)
Other 923,817
Other assets 311,820
Noncurrent Assets:
Restricted cash and investments:
Cash equivalents 10,967,028
Investments 18,634,792
Unamortized debt issuance costs 3,333,002
Capital assets, net:
Depreciable and amortizable 180,016,003
Total Assets 257,533,080
Liabilities
Current Liabilities:
Accounts payable 3,597,743
Accrued interest payable 3,032,178
Due to other governments 500,000
Unearned revenue 4,519,692
Other liabilities 379,536
Bonds payable - due within one year 4,225,000
Noncurrent Liabilities:
Advances from other OCTA funds - due in more than one year 42,204,920
Bonds payable - due in more than one year 162,685,768
Total Liabilities 221,144,837
Net Assets
Invested in capital assets, net of related debt 35,073,029
Restricted 10,967,028
Unrestricted (Deficit) (9,651,814)
Total Net Assets $ 36,388,243
See accompanying notes to the fmancial statements.
2
91 Express Lanes Fund
(An Enterprise Fund of the Orange County Transportation Authority)
Statement of Revenues, Expenses and Changes in Fund Net Assets
For the Year Ended June 30, 2007
Operating revenues:
User fees and charges $ 49,838,090
Operating expenses:
Contracted services 5,630,442
Administrative services 1,603,719
Insurance claims 351,679
Professional services 5,305,433
General and administrative 623,209
Other 967,459
Depreciation and amortization 9,286,721
Total operating expenses 23,768,662
Operating income 26,069,428
Nonoperating revenues (expenses):
Investment earnings 3,495,763
Interest expense (10,663,145)
Other 51,278
Total nonoperating revenues (expenses) (7,116,104)
Change in net assets
Total net assets - beginning
Total net assets - ending
18,953,324
17,434,919
36,388,243
See accompanying notes to the financial statements.
3
91 Express Lanes Fund
(An Enterprise Fund of the Orange County Transportation Authority)
Statement of Cash Flows
For the Year Ended June 30, 2007
Cash flows from operating activities:
Receipts from customers and users $ 47,540,997
Payments to suppliers (10,926,763)
Payments for interfund services used (1,603,719)
Miscellaneous 50,564
Net cash provided by operating activities 35,061,079
Cash flows from capital and related financing activities:
Payment on advances from other funds (12,000,000)
Proceeds from sale of capital assets 1,008
Payment of long term debt (4,115,000)
Interest paid (8,063,150)
Acquisition and construction of capital assets (3,651,000)
Net cash used for capital and related
financing activities (27,828,142)
Cash flows from investing activities:
Interest received 3,352,299
Net cash provided by investing activities 3,352,299
Net increase in cash and cash equivalents 10,585,236
Cash and cash equivalents at beginning of year 37,247,494
Cash and cash equivalents at end of year $ 47,832,730
Reconciliation of operating income w net cash
provided by operating activities:
Operating income b 26,069,428
Adjustments to reconcile operating income to net cash
provided by operating activities:
Depreciation expense 1,955,876
Amortization of franchise agreement 7,330,845
Amortization of cost of issuance 142,335
Miscellaneous 50,564
Change in assets and liabilities:
Receivables (2,446,542)
Other assets (7,002)
Accounts payable 1,816,126
Due to other govermnents 482,778
Unearned revenue (321,527)
Other liabilities (11,802)
Total adjustments 8,991,651
Net cash provided by operating activities
$ 35,061,079
Reconciliation of cash and cash equivalents to statement of net assets:
Cash and investments 36,865,702
Restricted cash and cash equivalents 10,967,028
Total cash and cash equivalents $ 47,832,730
Schedule of noncash activities:
Increase in interest expense incurred on advances from other OC CA funds $ 1,827,166
See accompanying notes to the financial statements.
4
"
9 1 E x p r e s s L a n e s F u n d
( A n E n t e r p r i s e F u n d o f t h e O r a n g e C o u n t y T r a n s p o r t a t i o n A u t h o r i t y )
N o t e s t o t h e F i n a n c i a l S t a t e m e n t s
J u n e 3 0 , 2 0 0 7
1 . R E P O R T I N G E N T I T Y
O n J a n u a r y 3 , 2 0 0 3 , t h e O r a n g e C o u n t y T r a n s p o r t a t i o n A u t h o r i t y ( O C T A ) p u r c h a s e d f r o m t h e C a l i f o r n i a
P r i v a t e T r a n s p o r t a t i o n C o m p a n y ( C P T C ) i t s i n t e r e s t i n a f r a n c h i s e a g r e e m e n t f o r a t o l l f a c i l i t y o n a 1 0 m i l e
s e g m e n t o f t h e R i v e r s i d e F r e e w a y / S t a t e R o u t e ( S R ) 9 1 b e t w e e n t h e O r a n g e / R i v e r s i d e C o u n t y l i n e a n d t h e
C o s t a M e s a F r e e w a y / S R 5 5 . T h e p u r c h a s e w a s e n a b l e d b y S t a t e A s s e m b l y B i l l 1 0 1 0 ( C o r r e a ) , w h i c h w a s
p a s s e d b y t h e C a l i f o r n i a l e g i s l a t u r e a n d s i g n e d b y t h e g o v e m o r i n S e p t e m b e r 2 0 0 2 . T h e l e g i s l a t i o n p r o v i d e d
t h e a u t h o r i t y f o r O C T A t o c o l l e c t t o l l s a n d p a y r e l a t e d f i n a n c i n g c o s t s n o l a t e r t h a n 2 0 3 0 a n d e l i m i n a t e d
n o n c o m p e t e p r o v i s i o n s i n t h e f r a n c h i s e a g r e e m e n t f o r n e e d e d i m p r o v e m e n t s o n S R 9 1 . O C T A p u r c h a s e d
t h e a s s e t s a n d l i a b i l i t i e s o f t h e f r a n c h i s e i n t e r e s t f o r $ 2 0 7 , 5 0 0 , 0 0 0 , c o n s i s t i n g o f c a s h o f $ 7 2 , 5 0 0 , 0 0 0 a n d
c e r t a i n a s s e t s a n d t h e a s s u m p t i o n o f c e r t a i n l i a b i l i t i e s .
T h e f r a n c h i s e a g r e e m e n t w i t h t h e S t a t e o f C a l i f o r n i a ' s D e p a r t m e n t o f T r a n s p o r t a t i o n ( C a l t r a n s ) h a d
g r a n t e d C P T C t h e r i g h t t o d e v e l o p a n d c o n s t r u c t t h e t o l l f a c i l i t y a n d t o o p e r a t e i t f o r 3 5 y e a r s u n d e r a l e a s e
a r r a n g e m e n t . C a l t r a n s r e t a i n s l e g a l t i t l e t o t h e r e a l p r o p e r t y c o m p o n e n t s o f t h e t o l l f a c i l i t y .
T h e s e f m a n c i a l s t a t e m e n t s i n c l u d e o n l y t h e a c t i v i t i e s o f t h e 9 1 E x p r e s s L a n e s F u n d , a n e n t e r p r i s e f u n d o f
t h e O C T A . T h e s e f i n a n c i a l s t a t e m e n t s a r e n o t i n t e n d e d t o p r e s e n t t h e a c t i v i t i e s o f O C T A .
2 . S U M M A R Y O F S I G N I F I C A N T A C C O U N T I N G P O L I C I E S
T h e a c c o u n t i n g p o l i c i e s o f t h e 9 1 E x p r e s s l a n e s F u n d a r e i n c o n f o r m i t y w i t h g e n e r a l l y a c c e p t e d a c c o u n t i n g
p r i n c i p l e s a p p l i c a b l e t o g o v e r n m e n t a l u n i t s . T h e G o v e r n m e n t a l A c c o u n t i n g S t a n d a r d s B o a r d ( G A S B ) i s
t h e a c c e p t e d s t a n d a r d - s e t t i n g b o d y f o r e s t a b l i s h i n g a c c o u n t i n g a n d f i n a n c i a l r e p o r t i n g p r i n c i p l e s .
B A S I S O F A C C O U N T I N G
T h e f i n a n c i a l s t a t e m e n t s o f t h e 9 1 E x p r e s s L a n e s F u n d a r e r e p o r t e d u s i n g t h e e c o n o m i c r e s o u r c e s
m e a s u r e m e n t f o c u s a n d t h e a c c r u a l b a s i s o f a c c o u n t i n g . R e v e n u e s , c o n s i s t i n g s u b s t a n t i a l l y o f t o l l s a n d f e e s ,
a r e r e c o r d e d w h e n e a r n e d , a n d e x p e n s e s a r e r e c o r d e d w h e n a l i a b i l i t y i s i n c u r r e d , r e g a r d l e s s o f t h e t i m i n g o f
r e l a t e d c a s h f l o w s . T o l l a m o u n t s a r e c o l l e c t e d f r o m c u s t o m e r s o n a p r e p a i d b a s i s , a n d u n e a r n e d t o l l s a r e
r e p o r t e d a s d e f e r r e d r e v e n u e .
E n t e r p r i s e f u n d s d i s t i n g u i s h o p e r a t i n g r e v e n u e s a n d e x p e n s e s f r o m n o n o p e r a t i n g i t e m s . O p e r a t i n g r e v e n u e s
a n d e x p e n s e s g e n e r a l l y r e s u l t f r o m p r o v i d i n g s e r v i c e s i n c o n n e c t i o n w i t h a n e n t e r p r i s e f u n d ' s p r i n c i p a l
o n g o i n g o p e r a t i o n s . T h e p r i n c i p a l o p e r a t i n g r e v e n u e s o f t h e 9 1 E x p r e s s L a n e s F u n d a r e c h a r g e s t o
c u s t o m e r s f o r u s e o f t h e t o l l f a c i l i t y . O p e r a t i n g e x p e n s e s f o r t h e 9 1 E x p r e s s L a n e s F u n d i n c l u d e t h e c o s t o f
s e r v i c e s , a d m i n i s t r a t i v e e x p e n s e s , a n d d e p r e c i a t i o n a n d a m o r t i z a t i o n o n c a p i t a l a s s e t s . A l l r e v e n u e s a n d
e x p e n s e s n o t m e e t i n g t h i s d e f i n i t i o n a r e r e p o r t e d a s n o n o p e r a t i n g r e v e n u e s a n d e x p e n s e s .
NOTES TO THE FINANCIAL STATEMENTS
June 30, 2007
Private -sector standards of accounting and financial reporting issued prior to December 1, 1989, generally
are followed in enterprise fund financial statements to the extent that those standards do not conflict with
or contradict guidance of GAS& The 91 Express Lanes Fund has elected not to follow subsequent private -
sector guidance.
CASH AND INVESTMENTS
OCTA maintains cash and investments in accordance with an investment policy adopted initially by the
Board on May 8, 1995, and most recently amended April 9, 2007. The investment policy complies with, or
is more restrictive than, applicable state statutes. The majority of OCTA's investments are managed by
four private sector investment managers. At June 30, 2007, the investment portfolios were maintained at
The Bank of New York Trust Company, N.A. as custodial bank. 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, with
investment earnings allocated to the different accounts based on average daily dollar account balances.
The Annual Investment Policy requires the assets in the portfolio to consist of the following investments
and maximum permissible concentrations based on book value and are more restrictive than applicable
state statutes for the following cases: OCTA notes and bonds (25%); commercial paper of a high rating
A-1 or P-1 as provided by one of the nationally recognized rating agencies, Standard & Poor's Corporation
(S & P) or Moody's Investor Service (Moody's), and must be issued by corporations rated A2 or better by
Moody's and A or better by S & P with further restrictions to issuer size and maximum maturity of 180 days
(25%); negotiable certificates of deposit issued by a nationally or state -chartered bank or state or federal
association or be a state licensed branch of a foreign bank, which have been rated by at least two of the
nationally recognized rating services with minimum credit ratings of A-1 by S & P, P-1 by Moody's, Fl by
Fitch with maximum maturity of 180 days (30%); bankers acceptances which have been rated by at least
two of the nationally recognized rating services with minimum credit ratings of A-1 by S & P, P-1 by
Moody's, Fl by Fitch and may not exceed the 5 % limit by any one commercial bank (30%); mortgage or
asset -backed securities rated AAA by S & P, Aaa by Moody's, or AAA by Fitch and issued by an issuer;
medium -term notes are rated A- or better by S & P, A3 or better by Moody's or A- by Fitch or an
equivalent rating by a nationally recognized rating service. MTN's may not represent more than ten
percent (10%) of the issue in the case of a specific public offering. Under no circumstance can any one
corporate issuer represent more than 5% of the portfolio; Repurchase Agreements collateralized at 102%
(75%) reverse repurchase agreements or securities lending are not permitted,
Other allowable investment categories include money market funds, mutual funds, and the state -managed
Local Agency Investment Fund (LAIF). LAIF is regulated by California Government Code (Code) Section
16429 under the oversight of the Treasurer of the State of California. Investment is also allowed in the
Orange County Investment Pool pap), but is limited to those funds legally required to be deposited in
the County Treasury. Oversight of the OCIP is conducted by the County Treasury Oversight Committee.
All investments are subject to a maximum maturity of five years, unless specific direction to exceed the
limit is given by the Board as permitted by the Code.
6
NOTES TO THE FINANCIAL STATEMENTS
June 30, 2007
Investments in U.S. government and U.S. agency securities, repurchase agreements, variable and floating
rate securities, mortgage and asset backed securities, and corporate notes are carried at fair value based on
quoted market prices, except for securities with a remaining maturity of one year or less at purchase date,
which are carried at cost. Guaranteed investment contracts are carried at cost. Treasury mutual funds are
carried at fair value based on each fund's share price. LAIF is carried at fair value based on the value of
each participating dollar as provided by LAIF. Commercial paper is carried at amortized cost (which
approximates fair value).
OCTA policy is to invest only in high quality instruments as permitted by the Code, subject to the
limitations of this Annual Investment Policy.
Outside portfolio managers must review the portfolios they manage (including bond proceeds portfolios) to
ensure compliance with OCTA's diversification guidelines on an ongoing basis.
Issuer/Counter-Party Diversification Guidelines for all securities except Federal Agencies, Government
Sponsored Enterprises, Investment Agreements and Repurchase Agreements; any one corporation, bank,
local agency, special purpose vehicle or other corporate name for one or more series of securities (5%).
Issuer/Counter-Party Diversification Guidelines for Federal Agencies, Government Sponsored Enterprises
and Repurchase Agreements; any one Federal Agency or Government Sponsored Enterprise (35%); any
one repurchase agreement counter -party name if maturity/term is < 7 days (50%), if maturity/term is > 7
days (35%),
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.
RESTRICTED INVESTMENTS
Investments set aside in the Reserve Fund, Supplemental Reserve Fund, Major Maintenance Reserve Fund,
and Operating Reserve Fund are pursuant to terms of the 2003 Indenture for the $195,265,000 Toll Road
Revenue Refunding Bonds and their use is limited by applicable debt covenants.
RECEIVABLES
Violations receivable represent an estimate of the total outstanding unpaid violations that the 91 Express
Lanes anticipate to collect. This estimate is based upon twelve month average collections on outstanding
unpaid violations for violations with a due date of 90 days or less. For violations over 90 days, this estimate
is based upon a 31/2 year average collections on outstanding unpaid violations. The 91 Express Lanes
contracts with an outside collection agency to assist in the recovery of unpaid violations over 90 days.
Allowance for doubtful accounts represents the amount anticipated uncollectible for those violations
receivable related to unpaid violations, with a due date of 90 days or less.
7
NOTES TO THE FINANCIAL STATEMENTS
June 30, 2007
Other receivables include amounts due from other California toll road agencies related to their customers
who use the 91 Express Lanes as well as customer fees, interest, and other.
OTHER ASSETS
Other assets include prepaid expenses and deposits.
COSTS OF ISSUANCE
Costs of issuance represent issuance costs associated with refinancing the $135,000,000 taxable debt and
are deferred and amortized over the life of the debt.
CAPITAL ASSETS
Capital assets include the toll facility franchise, improvements, equipment, furniture and fixtures, and
transponders. Capital assets ate 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. 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
Transponders 5 years
The toll facility franchise is amortized over the remaining life of the franchise agreement through December
2030.
RUSK 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. The liability claims are resolved by OCTA
and are expensed against the 91 Express Lanes Fund.
NET ASSETS
Net assets represent the difference between assets and liabilities and is classified into three categories:
8
NOTES TO THE FINANCIAL STATEMENTS
June 30,2007
o INVESTED /N CAPITAL ASSETS, NET OF RELATED DEBT - This reflects the net assets of the 91
Express Lanes Fund that are invested in capital assets, net of related debt. Usually this indicates that
these net assets are not accessible for other purposes; however, a deficit indicates that the related debt
exceeds the capital assets,
o RESTRICTED NET AssErs- This represents the net assets that are not accessible for general use,
because their use is subject to restrictions enforceable by third parties. The statement of net assets
reports $29,601,820 of restricted net assets, all of which is restricted by enabling legislation.
• UNREErRIcrED NEr ASSETS - This represents those net assets that are 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.
3. CASH ANO INVESTMENTS
Cash and investments arc comprised of the following at June 30, 2007:
Deposits:
Petty cash $ 150
Deposits 373,974
Total deposits 374,124
Investments:
With OCTA Commingled Investment Pool
With Trustee
Total investments
Total cash and investments
36,343,895
29,749,503
66,093,398
$ 66,467,522
Total deposits and investments are reported in the financial statements as:
Unrestricted Cash and Investments $ 36,865,702
Restricted Cash and Investments:
Cash equivalents 10,967,028
Investments 18,634,792
Total Restricted Cash and Investments 29,601,820
TotaL Cash and Investments $ 66,467,522
9
NOTES TO THE FINANCIAL STATEMENTS
June30,2007
As of June 30, 2007, the 91 Express Lanes Fund had the following investments;
INVESTMENT
OCTA Commingled Investment
Pool
Money Market Murual Funds
Negotiable Certificates of Deposit
Investment Agreements
FAIR VALUE PRINCIPAL
$ 36,343,895
2,949,492
8,165, 219
18,634,792
$ 36,226,296
2,949,492
8,165,219
18,634,792
Total investments $ 66,093,398 $ 65,975,799
INTEREST RATE RISK
INTEREST
RATE
RANGE
Discount, 2%-
7.625%
Variable
5.23%
4.51%-5.125%
MATURITY
RANGE
7/2/07.4/15/12
7/1/07
72/07
8/15/15-12/15/30
WEIGHTED
AVERAGE
MATURITY
(YEARS)
2.3
1 Day
2 Days
18.54
OCTA manages exposure to declines in fair value from increasing interest rates by having an investment
policy that limits maturities to five years while also staggering maturities, with the exception of investment
agreements which are not subject to term restrictions due to the bond indenture. OCTA maintains a low
duration strategy, targeting an estimated average portfolio duration of three years or less, with the intent of
reducing interest rate risk. Portfolios with low duration are less volatile, therefore less sensitive to interest
rate changes.
As of June 30, 2007, the 91 Express Lanes Fund was a participant in OCTA's commingled investment pool
which had asset -backed securities totaling $113,082,332. The underlying assets are consumer receivables
that include credit cards, auto and home loans. The securities have a fixed interest rate and are rated AAA
by at least two of the three nationally recognized rating services. OCTA did not have any variable or
floating rate securities at year end.
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. OCTA's investment policy requires that a third party bank custody department hold all
securities owned by OCTA. All trades are settled on a delivery versus payment basis through OCTA's
safekeeping agent. At June 30, 2007, OCTA did not have any deposits or securities exposed to custodial
credit risk and there was no securities lending.
10
NOTES TO THE FINANCIAL STATEMENTS
June 30,2007
CREDIT RISK
The Annual Investment Policy (Policy) sets minimum acceptable credit ratings for investments from any of
the three nationally recognized rating services S & P, Moody's, and Fitch. For an issuer of short-term debt,
the rating must be no less than A-1 (S & P), P-1 (Moody's), or F-1 (Fitch), while an issuer of long-term
debt shall be rated no less than an "A". LAIF is not rated.
The following is a summary of the credit quality distribution and concentration of credit tisk by investment
type as a percentage of each pool's fair value at June 30, 2007. (NR means Not Rated):
Investments
OCTA Commingled Investment Pool
Money Market Mutual Funds
Negotiable Certificates of Deposit
Investment Agreements
Total
CONCENTRATION OR CREDIT RISK
S Si. P Moody's Fitch % of Portfolio
NR NR NR 55,00%
AAA Ana NR 4.46%
AA Aa2 AA 12.35%
NR NR NR 28.19%
100.00%
At June 30, 2007, OCTA did not exceed the Policy limitation that states that no more than:
• 5% of the total market value of the pooled funds may be invested in securities of any one issuer,
except for obligations of the United States government, U.S, government agencies or government
sponsored enterprises.
• 20% may be invested in money market mutual funds.
This Policy limitation excludes investment agreements pursuant to the bond indenture. The 91 Express
Lanes Fund had the following investment agreements outstanding as of June 30, 2007:
Investment Agreements Amount
MBIA Incorporated
AIG Matched Funding Corporation
I1
$12,634,792
6,000,000
NOTES TO THE FINANCIAL STATEMENTS
)une 30, 2007
4. CAPITAL ASSETS
Capital asset activity for the 91 Express Lanes Fund for the year ended June 30, 2007 is as follows:
BEGINNING ENDING
BALANCE INCREASES DECREASES BALANCE
Capital assets, not being depreciated:
Construction in process $ 13,23.5 $ $ 13,235 $
Total capital assets, not being
depreciated $ 13,235 $ $ 13,235 $
Capital assets, being depreciated and
amortized:
Toll facility franchise $ 205,263,668 $ - $ $ 205,263,668
Improvements 687,541 2,052,585 2,740,126
Communications equipment 4,039,254 1,197,851 5,237,105
Computer hardware and software 937,098 138,019 32,263 1,042,854
Transponders 4,961,499 247,022 5,208,521
Equipment, furniture and fixtures 79,133 28,758 107,891
Total capital assets, being depreciated
and amortized 215,968,193 3,664,235 32,263 219,600,165
Less accumulated depreciation and
amortization for:
ToU facility franchise (25,657,958) (7,330,845) (32,988,803)
Improvements (187,031) (187,219) (374,250)
Communications equipment (1,353,701) (630,536) (1,984,237)
Computer hardware and software (667,333) (171,743) (31,969) (807,107)
Transponders (2,448,702) (953,531) (3,402,233)
Equipment, furniture and fixtures (14,685) (12,847) (27,532)
Total accumulated depreciation and
amortization (30,329,410) (9,286,721) (31,969) (39,584,162)
Total capital assets, being depreciated
and amortized, net $185,638,783 $(5,622,486) $ 294 $ 180,016,003
12
NOTES TO THE FINANCIAL STATEMENTS
June 30, 2007
55. 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. The taxable bonds mature on August 15, 2028. Semi-annual
interest payments are due on the taxable bonds on February 15 and August 15 of each year, and semi-
annual principal payments are due beginning February 15, 2004, On November 12, 2003, the taxable
bonds were refunded as noted below. As required by the indenture, OCTA paid $26,428,197 Yield
Maintenance Premium which is deferred and amortized over the life of the bonds.
TOLL ROAD REVENUE REFUNDING. BONDS
On November 12, 2003, the 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 refinance the $135,000,000 taxable
7.63% Senior Secured Bonds and to reimburse the OCTA for a portion of its prior payment of the costs of
acquiring the Toll Road and certain other property and interests associated with the Toll Road. The Series
2003-A Bonds were issued as fixed rate bonds, the Series 2003-B-1 Bonds and the Series 2003-B-2 Bonds
were issued as adjustable rate bonds.
INTEREST RATE SWAPS
As a means to lower its borrowing costs, when compared against fixed rate bonds at the time of issuance in
September 2003, OCTA entered into two parity interest rate swaps totaling $100,000,000 in connection
with its $195,265,000 Toll Road Revenue Refunding Bonds. $95,265,000 was issued on a ftxed rate basis
and $100,000,000 was issued on a variable rate basis. The Series 2003-B-1 swap was for $75,000,000 and
the countetparty is Lehman Brothers Special Funding Incorporated (Lehman Brothers). The Series
2003-B-2 swap was for $25,000,000 and the counterparty is Bear Stearns Capital Markets Incorporated
(Bear Stearns). The effective rate on the parity swaps was to effectively change OCTA's variable rate
bonds to a synthetic fixed rate of 4.06227%.
TERMS
The bonds and the related parity swap agreements mature on December 15, 2030. The parity swaps
notional amount of $100,000,000 matches the $100,000,000 variable rate bonds. The parity swaps were
entered into at the same time the bonds were sold (November 2003). Starting in fiscal year 2022, the
notional amount of the parity swaps declines and the principal amount of the associated variable rate
bonds declines an identical amount Under the parity swaps, OCTA pays the counterparties a fixed
payment of 4.06227% and the counterparties pay OCTA a floating rate equal to 67% of one month
LIBOR index if one month LIBOR index is equal to or greater than 4.0% or the BMA Municipal Swap
Index if LIBOR is less than 4.0%,
13
NOTES TO THE FINANCIAL STATEMENTS
June 30, 2007
FAIR VALUE
As of June 30, 2007, the negative fair value for the $75,000,000 swap with Lehman Brothers was
estimated by Lehman Brothers to be $2,366,107. As of June 30, 2007, the negative fair value for the
$25,000,000 swap with Bear Steams was estimated by Bear Stearns to be $541,878. Therefore, if the
swaps were terminated on June 30, 2007, the OCTA would have made a termination payment of
$2,366,107 and $541,878 to Lehman Brothers and Bear Steams, respectively. The termination
payments that would have been owed by the OCTA if the swaps were terminated on June 30, 2007 are a
result of the change in interest rate levels and certain interest rate relationships. The rate used to
calculate the fixed swap payment owed by the OCTA to the swap providers is 4.06227%. As of June 30,
2007, this fixed rate was higher than the current rate for a swap of identical terms and conditions. The
fair values were estimated by the counterparties using proprietary methodologies.
CREDIT RISK
To mitigate the potential for credit risk, the $75,000,000 swap with Lehman Brothers and the
$25,000,000 swap with Bear Steams is collateralized with U.S. government securities at all times.
BASES RISK
Basis risk is the risk that the variable rate paid to a borrower by a swap counterparty does not completely
offset, or equal the borrower's variable rate payment to bondholders. This may result in positive or
negative basis differential. In order to minimize basis risk, OCTA selected a swap structure that pays a
variable receiver rate based on a percentage of LIBOR in high interest rate environments where rate
compression should be less of an issue, but pays a BMA receiver rate in low interest rate environments,
where rate compression has historically been at its highest.
Under the parity swap agreements, OCTA pays the counterparties a fixed payment of 4.06227% and the
counterparties pay OCTA a floating rate equat to 67% of LIBOR if LIBOR is equal to or greater than
4.0% or the BMA Municipal Swap Index if LIBOR is less than 4.09O. As of June 30, 2007, OCTA
experienced $132,333 in cumulative positive basis differential.
TERMINATION RISK
Termination risk is the risk that an event occurs that causes a termination of the parity swaps and the
OCTA would incur replacement costs. The Lehman Brothers and Bear Steams have posted collateral
pursuant to the parity swap agreements to guarantee replacement at no cost to OCIAA.
14
NOTES TO THE FINANCIAL STATEMENTS
June 30, 2007
SWAP PAYMENTS AND ASSOCIATED DEBT
$75,000,000 SERIES 2003-13-1 (I) $25,000,000 SERIES-B-2 (1)
INTEREST INTEREST
YEAR RATE RATE
ENDING SWAPS, SWAPS,
JUNE 30 PRINCIPAL INTEREST NET PRINCIPAL INTEREST NET
TOTAL
2008 $ $ 2,722,500 $ 373,703 $ $ 92.5,000 $ 124,568 $ 4,145,771
2009 2,722,500 373,703 925,000 124,568 4,145,771
2010 2,722,500 373,703 925,000 124,568 4,145,771
2011 2,722,500 373,703 925,000 124,568 4,145,771
2012 2,722,500 373,703 925,000 124,568 4,145,771
2013-2017 13,612,500 1,868,513 4,625,000 622,838 20,728,851
2018-2022 4,595,000 13,445,702 1,845,617 1,530,000 4,568,390 615,214 26,599,923
2023-2027 35,615,000 9,014,924 1,237,429 11,880,000 3,063,045 412,493 61,222,891
2028.2031 34,790,000 1,964,012 269,589 11,590,000 666,925 89,813 49,370,339
$75,000,000 $51,649,638 $7,089,663 $25,000,000 $17,548,360 $2,363,198 $178,650,859
As rates vary, variable -rate bond interest payments and net swap payments will vary. The variable rate on
the 2003 B-1 and B-2 debt was 3.63% for Lehman Brothers and 3.70% for Bear Steams on June 30, 2007.
As part of the Swap Agreement, OCTA receives 67% of one -month LIBOR which amounted to 3.56% on
June 30, 2007.
(1) Assumes an interest rate swap rate of 4.06227% per annum for the Series 2003-B-1 Bonds and the
Series-B-2 Bonds based on the Series 2003-B Parity Swap Agreements.
A summary of the terms of the Toll Road Revenue Refunding Bonds is as follows:
Issuance date 11/12/03
Original issue amount $195,265,000
Cash reserve requirements $27,984,792
Cash reserve balance $29,601,820
Interest rate 2.0% to 5.375%*
Maturity December 2030
Principal payment date August 15
Current balance $183,510,000
Unamortized premium $5,913,677
Deferred amount on refunding ($22,512,909)
* 2003 Series B-1 and B-2 are issued as variable rate revenue bonds with a floating -to -fixed interest rate
swap transaction in place. Refer to interest rate swap description within this footnote. Both the
$75,000,000 Series B-1 bonds and the $25,000,000 Series B-2 bonds were swapped to a fixed rate of
4.06227%.
15
NOTES TO THE FINANCIAL STATEMENTS
June 30, 2007
The Bonds contain certain financial covenants, and management believes the 91 Express lanes Fund is in
compliance with such covenants as of June 30, 2007.
Annual debt service requirements on the tax-exempt bonds as of June 30, 2007, are as follows:
YEAR ENDING JUNE 30
2008
2009
2010
2011
2012
2013-2017
2018-2022
2023-2027
2028-2031
Total
PRINCIPAL INTEREST
$ 4,225,000 $ 8,027,714
4,345,000 7,909,876
4,515,000 7,742,901
4,740,000 7,517,170
4,980,000 7,274,170
29,175,000 32,097,310
37,655,000 23,641,302
47,495,000 14,416,062
46,380,000 3,885,697
$ 183,510,000 $ 112,512,222
TOTAL
$ 12,252,714
12,254,876
12,257,901
12,257,170
12,254,170
61,272,310
61,296,302
61,911,082
50,265,697
$ 296,022,222
The interest rate used to determine the future annual debt service requirements for the variable rate bonds
was 4.06227% at June 30, 2007.
CHANGES IN LONG-TERM LIABILITIES
Long-term liabilities activity for the year ended June 30, 2007, was as follows:
BEGINNING ENDING
BALANCE ADDITIONS REDUCTIONS BALANCE
Tax-exempt bonds $187,625,000 $ $ 4,115,000 $183,510,000
Unamortized premium 6,166,218 252,541 5,913,677
Unamortized deferred amount on
refunding (23,560,715) (1,067,806) (22,512,909)
TOTAL LONG-TERM LIABILITIES $170,210,503 $ $ 3,299,735 $166,910,768 $4,225,000
6. ADVANCES FROM OTHER OCTA FUNDS
DUE
WITHIN
ONE YEAR
$4,225,000
In connection with the purchase of the toll facility franchise, to fund the debt service payment required on
February 15, 2003, and to establish operations, the 91 Express Lanes Fund borrowed $83,640,595 from
other OCTA funds at an interest rate, adjusted each January, representing OCTA's rate of rerum on short-
term investments (5.08% at June 30, 2007). Interest accnres monthly, and the advances from other OCTA
funds plus accrued interest will be repaid on an annual basis with net revenues or as a result of a
refinancing. Total interest of $1,827,166 accrued on the advances for the year ended June 30, 2007. At
June 30, 2007, these advances were $42,204,920 and are reported as advances from other OCTA funds.
16
NOTES TO THE FSNANCIAI. STATEMENTS
June 30,2007
7. COMMITMENTS AND CONTINGENCIES
OPERATOR AGREEMENT
In connection with the purchase of the toll facility interest, OCfA entered into an operating agreement
with Cofiroute Global Mobility (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. Cofiroute
is responsible for the day-to-day operations of the toll facility. 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
carries two two-year extension options through January 2, 2015, subject to Board of Directors approval.
LEASE COMMITMENTS
The 91 Express Lanes Fund is committed under two leases for office space. These leases are considered for
accounting purposes to be operating leases. Lease expenses for the year ended June 30, 2007 were
$360,376.
Future minimum payments for these leases apptoximate the following:
for the year ending June 30
2008 $ 370,119
2009 295,129
2010 273,626
$ 938,874
17
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Purpose of Feasibility Study
171
OCTA
Initiated in July 2007
Transportation Corridor Agencies (TCA)
co -funding study
Purpose of study
o Provide connectivity between 91 Express Lanes
and SR-241
o Determine a logical termination of the addition of the
third Express Lanes
Concept originated from TCA's SR-241 Project
2
Status of Study
OCTA
a
Alternative Concepts (ACs)
1) Two-lane high -occupancy vehicle (HOV)/
high -occupancy toll (HOT) connector to existing
91 Express Lanes
2) Four -lane HOT connector to existing
91 Express Lanes
3) Two-lane reversible HOT connector to existing
91 Express Lanes
Further analysis underway
Operational study underway
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AC I: Two-lane HO!l/HOT connector
to existing 91 Express Lanes
OCTA
Pros
O Consistent with Caltrans' HOV design standards
O Minimizes construction cost
O Consistent with SR-241 environmental document
O 3+ free promotes carpool and transit
O One lane is likely sufficient capacity for HOV/HOT
Cons
O May conflict with plans to extend the toll lanes
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AC 2: Four -lane HOT connector to
existing 91 Express Lanes
OCTA
Pros
a Highest capacity option
Allows for some toll revenue
Cons
a Potential operations issues if 91 Express Lanes
extension is not built
O Higher construction cost
n Right-of-way constraints
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AC-3: Two-lane reversible HOT Connector
to existing 91 Express Lanes OCTA
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Pros
O Minimizes construction cost
® Allows for some toll revenue
• Focuses on peak travel conditions
Cons
o Increases ongoing maintenance costs
• Requires complex signing and control on both the
91 Express Lanes and SR-241
o Future directional splits may not be as severe
o Potential operations issues if Express Lanes
extension is not built-
Next Steps
OCTA
Update the ACs to reflect Riverside County
Transportation Commission's Corridor
Improvement, SR-91 /SR-71 and
SR-91 /I-15 projects
Further Development of the Three ACs
o Conceptual Planning/Engineering
O Prepare a Draft and Final Feasibility Study Report by
Summer 2008
10