Los Angeles County Metropolitan Transportation Authority Proposed Fiscal Year 2015-16 Budget

Summary

For a complete copy of the Proposed FY 2015-16 Budget please visit: http://www.metro.net/about/financebudget/financial-information/#budget

Or contact us via email at: [email protected]

The Metro Board of Directors is currently scheduled to conduct a public hearing on the Proposed FY 2015-16 Budget at 1 PM, May 20, 2015.

May 4, 2015

Los Angeles County Metropolitan Transportation Authority Proposed Fiscal Year 2015-16 Budget Please Note: The Proposed FY16 Budget is scheduled to be reviewed by the Board of Directors in a Public Hearing scheduled for 1 PM, May 20, 2015

Summary of Sources and Uses Sources of Funding FY15 Budget

($ millions)

FY16 Proposed

% Change

% of Total

Operating and Other Revenues Passenger Fares

$

351.1 $

376.0

7.1%

6.8%

Express Lane Tolls

30.7

62.2

102.6%

1.1%

Advertising

21.5

22.5

4.7%

0.4%

Other Revenues

47.0

62.1

32.1%

1.1%

Subtotal - Operating/Other

$

450.3 $

522.8

16.1%

9.4%

LA County Sales Tax, TDA & STA

$

2,694.7 $

2,778.0

3.1%

49.9%

Grant Reimbursements

$

1,264.2 $

999.2

-21.0%

17.9%

Bond Proceeds/Carryover Funding

$

1,105.8 $

1,268.4

14.7%

22.8%

Total Sources of Funding

$

5,515.0 $

5,568.4

1.0%

100.0%

1,042.9

2.9%

18.7%

370.1

399.4

7.9%

7.2%

19.8

19.0

-4.0%

0.3%

1,403.8 $

1,461.3

4.1%

26.2%

1,610.0

1,556.8

-3.3%

28.0%

426.0

437.4

2.7%

7.9%

46.2

49.0

6.1%

0.9%

160.6

90.2

-43.8%

1.6%

2,133.4

-4.9%

38.3%

Uses of Funding Metro Operations Bus

$

Rail Regional Activities Subtotal Metro Operations

$

1,013.9 $

Capital Transit Capital Expansion Operating Capital Regional Rail Highway Subtotal Metro Capital

$

2,242.8 $

Subsidy Programs Regional Transit

520.1

536.5

3.2%

9.6%

Local Agencies

540.4

569.2

5.3%

10.2%

All Other Subsidy Funding

215.3

272.7

26.7%

4.9%

Subtotal Subsidy Programs

$

1,275.8 $

1,378.4

8.0%

24.8%

Congestion Management

$

88.8 $

93.9

5.7%

1.7%

Planning and Programming

$

167.7 $

172.8

3.0%

3.1%

Debt Service

$

336.1 $

328.7

-2.2%

5.9%

Subtotal Use of Funds

$

5,515.0 $

5,568.4

1.0%

100.0%

Surplus/(Deficit)

-

-

May 4, 2015

Los Angeles County Metropolitan Transportation Authority Proposed Fiscal Year 2015-16 Budget Please Note: The Proposed FY16 Budget is scheduled to be reviewed by the Board of Directors in a Public Hearing scheduled for 1 PM, May 20, 2015

Highlights of the Proposed FY16 Budget - Operations Service Level Details Revenue Service Hours FY15 Budget

Mode Bus Local & Rapid Silver Line Orange Line Purchased Transp Subtotal Bus Rail Blue Line Green Line Gold Line Expo Line Heavy Rail Subtotal Rail Totals

Boardings (000s)

FY16 Proposed

Inc/(Dec)

6,327,663 84,380 130,516 519,176 7,061,735

6,327,663 84,380 130,516 519,176 7,061,735

-

294,483 93,589 190,057 124,160 325,510 1,027,799 8,089,534

294,483 93,589 214,069 166,848 325,510 1,094,499 8,156,234

24,012 42,688 66,700 66,700

FY15 Budget

Mode Bus

330,015 3,978 8,957 16,310 359,260

330,015 3,978 8,957 16,310 359,260

-

Blue Line Green Line Gold Line Expo Line Heavy Rail Subtotal Rail

27,597 13,315 13,594 9,222 50,383 114,111 473,371

27,597 13,315 16,260 13,961 50,383 121,516 480,776

2,666 4,739 7,405 7,405

Rail

FY15 Budget

Local & Rapid Silver Line Orange Line Purchased Transp Subtotal Bus Rail Blue Line Green Line Gold Line Expo Line Heavy Rail Subtotal Rail Totals

Inc/(Dec)

Local & Rapid Silver Line Orange Line Purchased Transp Subtotal Bus

Totals

Revenue Service Miles

Mode Bus

FY16 Proposed

Passenger Miles (000s)

FY16 Proposed

68,701,920 1,831,046 2,140,454 6,276,209 78,949,629

Inc/(Dec)

68,701,920 1,831,046 2,140,454 6,276,209 78,949,629

FY15 Budget

FY16 Proposed

Local & Rapid Silver Line Orange Line Purchased Transp Subtotal Bus

1,335,293 15,672 56,841 77,608 1,485,414

1,335,293 15,672 56,841 77,608 1,485,414

-

Blue Line Green Line Gold Line Expo Line Heavy Rail Subtotal Rail

197,545 85,788 82,263 37,280 241,945 644,821 2,130,235

197,545 85,788 98,396 56,439 241,945 680,113 2,165,527

16,133 19,159 35,292 35,292

FY15 Budget

FY16 Proposed

Mode Bus

-

Inc/(Dec)

Rail 5,427,387 5,427,387 2,730,794 2,730,794 3,750,486 Planning and Programming #VALUE! 2,288,299 Debt Service #VALUE! 7,386,642 7,386,642 21,583,608 15,544,823 #VALUE! 100,533,237 94,494,452 (6,038,785)

Totals

Note: Totals may not add due to rounding.

Selected Operating Statistics Inc/(Dec)

Fare Revenue per Passenger Boarding

$

0.74 $

0.78 $

0.04

Subsidy per Passenger Boarding

$

2.14 $

2.17 $

0.03

$ 144.31 $ 148.43 $ $ 360.08 $ 364.89 $

4.12 4.81

Operating Cost per Revenue Service Hour Bus Rail Passenger Boardings per Revenue Service Hour

58.52

58.52

Farebox Recovery Ratio

25.3%

26.0%

0.7% May 4, 2015

Los Angeles County Metropolitan Transportation Authority Proposed Fiscal Year 2015-16 Budget Please Note: The Proposed FY16 Budget is scheduled to be reviewed by the Board of Directors in a Public Hearing scheduled for 1 PM, May 20, 2015

Highlights of the Proposed FY16 Budget - Capital Program

Capital Program Program FY16 Proposed

($ 000's)

Capital Expansion - Measure R Rail Crenshaw Expo I Expo II Gold Line Foothill to Azusa Ph2A Regional Connector Westside Purple Bus Bike (Expo Phase II Bikeway) Subtotal Capital Expansion Measure R Transit Planning - Measure R Airport Metro Connector Eastside Extension Eastside Light Rail Access Green Line Extension - South Bay San Fernando Valley North/South Rapidways Sepulveda Pass Transit Corridor West Santa Ana Branch Subtotal Transit Planning - Measure R Safety & Security Rail Bus Mixed Mode Other Safety & Security Subtotal Safety & Security Asset Improvement & Maintenance Planning and Programming Debt Service Mixed Mode Other Improvements Subtotal Asset Improvement & Maintenance Capital Expansion - Non - Measure R Rail Bus Mixed Mode Bike Other Capital Exp - Non-Measure R Subtotal Capital Expansion - Non - Measure R Regional Rail Highway Capital Total Proposed FY16 Capital

$

$

408,719 31,800 393,384 105,752 245,331 347,721 149 4,417 1,537,273

$

4,702 1,975 5,433 436 2,268 3,455 1,267 19,536

$

33,669 25 14,569 2,883 51,146

$

165,517 163,259 13,099 18,555 360,430

$ $ $

6,371 14,553 1,818 2,074 957 25,773 49,000 90,200

$

2,133,358

May 4, 2015

Los Angeles County Metropolitan Transportation Authority Proposed Fiscal Year 2015-16 Budget Please Note: The Proposed FY16 Budget is scheduled to be reviewed by the Board of Directors in a Public Hearing scheduled for 1 PM, May 20, 2015

Highlights of the Proposed FY16 Budget - Regional Subsidy Program

($ 000's)

Regional Subsidy Funding Programs FY15 Budget

Regional and Local Transit Municpal and Local Operators Access Services Metrolink Wilshire BRT Fare Assistance Programs Subtotal Regional and Local Transit Local Agencies Population Based Allocations Call For Projects Federal Pass Through Funds Other Subtotal Local Agencies

$

FY16 Proposed

$ Change

$

358,400 $ 73,200 88,700 33,200 10,500 564,000 $

353,600 $ 85,000 97,900 16,200 10,500 563,200 $

(4,800) 11,800 9,200 (17,000) (800)

$

459,800 73,100 13,200 9,500 555,600 $

476,000 73,900 27,900 19,300 597,100 $

16,200 800 14,700 9,800 41,500

Highway Subsidies I-5 North HOV and Truck Lanes I-5 South Capacity Enhancements ACE Grade Separation Highway Operational Imprvmts - Arroyo/Verdugo Highway Operational Imprvmts - Virgenes/Malibu I-405/I-110/I-105/SR-91 Ramp Improvements I-605 Corridor Hot Spots SR-710 South Early Action Projects All Other Highway Subtotal Highway Subsidies

$

31,300 45,000 22,300 15,500 16,200 12,100 10,200 5,800 9,900 168,300 $

15,000 67,900 31,400 10,500 28,300 26,800 5,200 19,000 13,900 218,000 $

(16,300) 22,900 9,100 (5,000) 12,100 14,700 (5,000) 13,200 4,000 49,700

Total - Regional Subsidy Funding

$

1,287,900 $

1,378,300 $

90,400

May 4, 2015