Five Year Plan (FY17/18 to FY21/22) - Nov 2016 - 1
Chapel Hill Transit – Revised Projections for 5-Yr Plan • CHT Consultant updated the long-term projections for CHT since the August Meeting • Updated projections result in lower cost increases than previously projected. • Reasons for the lower cost projections include: • Debt service payments were previously factored into both operating and capital costs. • Reduced inflation increases from 3% to 2% annually • Revised interest rate impacts • Identified new Federal grant funding opportunities • Updated number of buses that can be funded by GoTriangle and Rail Plan funds 2
Five-Year Plan Growth Obligations Obligation 5 Year Total Average Growth per Year Chapel Hill Transit $7,730,700 $12,345,418 $1,546,140/yr $2,469,084/ yr Regional Transit (Go Triangle, PART, Chatham) $1,056,837 $211,367/ yr P2P – TransLoc $350,000 $70,000/ yr Inflation on Existing Expenses $4,179,981 $835,996/ yr Patient/Visitor Deck Debt Payment $1,168,000 $233,600/ yr Total Needed over 5 Years to Meet Growth $2,897,103/yr $3,820,047/ yr Growth as Percent of Annual Budget 8% 11% Revised November, 2016 3
Transit – Projected Expense Growth $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 CHT Regional P2P 4
Transit – Projected Expense Growth Revised November, 2016 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 CHT Regional P2P Old CHT 5
Transportation Funding Strategies - Original 1. Maintain $ Subsidy = $1.0M per year (per previous Plan) 2. Maintain % Subsidy = 10% of Transit 3. Reduce $ Subsidy = $1.0M to $500K • Guiding Principles • Reduce the current parking subsidy for transit services over the Five Year study period. • Develop a more equitable balance of the cost of the Transportation and Parking System to all users of the System. 6
Transportation Funding Strategies - Original Transportation Strategy 1 ($1M Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Department Transportation Fee Increases 48% - - - - - 3.5% 3.5% 5% 4% 5% Student Transportation Fee Increase 42% to 44% ($5.44) ($5.64) ($8.33) ($7.00) ($9.09) Parking Permits 10% to 8% - - - - - Transportation Strategy 2 (10% Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Department Transportation Fee Increases 48% - - - - - 3.5% 3.5% 2% 2% 2% Student Transportation Fee Increase 42% ($5.44) ($5.64) ($3.40) ($3.43) ($3.47) 1% Parking Permits 10% - - - - ($0.12-$0.88) Transportation Strategy 3 ($500K Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Department Transportation Fee Increases 48% - - - - - 3.5% 3.5% 10% 10% 10% Student Transportation Fee Increase 42% to 48% ($5.44) ($5.64) ($16.66) ($18.33) ($20.15) Parking Permits 10% to 4% - - - - - 7
Transportation Funding Strategies – New CHT Transportation Strategy 1 ($1M Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Surplus-End Department Transportation Fee Increase 48% - - - - - $2.26M 3.5% 3.5% Student Transportation Fee Increase 42% - 44% - - - $1.22M ($5.44) ($5.64) Parking Permits Subsidy Increase 10% - 8% - - - - - Transportation Strategy 2 (10% Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Surplus-End Department Transportation Fee Increase 48% - - - - - $2.26M 3.5% 3.5% Student Transportation Fee Increase 42% - - - $1.53M ($5.44) ($5.64) Parking Permits Subsidy Increase 10% - 1% - - - (1% = $0.12 - $0.88 / bi-weekly period) Transportation Strategy 3 ($500K Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Surplus-End Department Transportation Fee Increase 48% - - - - - $2.26M 3.5% 3.5% 1.0% 1.0% 1.0% Student Transportation Fee Increase 42% - 48% $0.0M ($5.44) ($5.64) ($1.67) ($1.68) ($1.70) Parking Permits Subsidy Increase 10% - 4% -1% -1% - -1% - (1% = $0.12 – $0.88 / bi-weekly period) 8
Transportation Funding Strategies • Guiding Principles • Reduce the current parking subsidy for transit services over the Five Year study period • Develop a more equitable balance of the cost of the Transportation and Parking System to all users of the System • Must have sufficient funds for CHT over the 5-yr planning horizon • Feedback we heard • Equitable share of costs to the users • Minimize additional increases to STF • Minimize impact to daily parking permit holders 9
Transportation Funding Strategies 1. Maintain $ Subsidy = $1.0M per year (per previous Plan) 2. Maintain % Subsidy = 10% of Transit 3. Reduce $ Subsidy = $1.0M to $500K 4. Reduce/Maintain $ Subsidy = $800K per year and increase DTF share to 50% • Guiding Principles • Reduce the current parking subsidy for transit services over the Five Year study period. • Develop a more equitable balance of the cost of the Transportation and Parking System to all users of the System. 10
Transportation Funding Strategies – New CHT Surplus - Transportation Strategy 4 ($800K Subsidy) % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 End Department Transportation Fee Increase 50% - - - - - $1.20M 3.5% 3.5% Student Transportation Fee Increase 42% - 43% - - - $1.28M ($5.44) ($5.64) Parking Permits Subsidy Increase 8% - 7% -1% - - -1% - (1% = $0.12 - $0.88 / bi-weekly period) • Reduces Parking Subsidy to $800k/year • Increases DTF share of transit costs from 48% to 50% • Minimizes increases to STF while maintaining sufficient balance at end of 5-year Plan • Minimizes impact to Parking Permit holders • Equitably shares costs between users 11
Parking System Funding Strategy • Five Year Obligations for parking system = $5.3M • Inflation on Existing Expenses ($4,179,981) • New Patient/Visitor Deck ($1,168,000) • Proposed Funding Sources: 1. Annual Parking Permit Increases 2. North Campus Visitor parking rate increases • No planned increases to healthcare patient/visitor rates (Dogwood, ACC, Hospital ADA) 3. Night parking fees/permits 12
Parking System Funding Strategies Parking Strategy 1 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Total Annual Permit Increase 3% 2% 2% 1% 1% $4.5M 2% = $0.25 to $1.76 / bi-weekly period North Campus Visitor Parking $1.75/hr $1.75/hr $1.75/hr $1.75/hr $1.75/hr $0.8M Parking Strategy 2 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Total Annual Permit Increase 2% 2% 2% 1% 1% $3.8M 2% = $0.25 to $1.76 / bi-weekly period North Campus Visitor Parking $2.00/hr $2.00/hr $2.00/hr $2.00/hr $2.00/hr $1.5M Parking Strategy 3 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Total Annual Permit Increase 2% 1% 1% 1% - $2.6M 2% = $0.25 to $1.76 / bi-weekly period North Campus Visitor Parking $1.75/hr $1.75/hr $1.75/hr $1.75/hr $1.75/hr $0.8M Night Parking - - $620K $670K $720K $2.0M 13
Blended Funding Strategy Recommendation % Transit FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Department Transportation Fee Increases 50% - - - - - 3.5% 3.5% Student Transportation Fee Increase 42% - 43% ($5.44 ($5.64 - - - (Local/Regional component) annual) annual) Annual Permit Increase 8% - 7% 1% 1% 1% - - 1% = $0.12 to $0.88 / bi-weekly period North Campus hourly rate - $1.75 $1.75 $1.75 $1.75 $1.75 Night Parking - - - Y Y Y Includes Parking Funding Strategy 3 and Transportation Funding Strategy 4 14
Feedback – Funding Strategies 1. Confirm System / Technology Enhancements 2. Confirm funding PARCS and Bike Share by reducing existing reserves 3. Parking Funding Strategies 4. Transportation Funding Strategies 15
Additional Feedback Opportunities • Base Camp for ACT • 5 Year Plan Website: http://uncfiveyearplan.com/ • Individual meetings with T&P staff upon request • Coordinate with Mya Nguyen: myanguy@email.unc.edu • Upcoming ACT Meetings • 12/14 – Confirm Funding Strategies • 1/18 – Prelim plan rollout 16
Appendix Slides ******************************* 17
Permits – Rate Comparison Park and Ride / University Student Permit Faculty Permit Visitor Commuter MIN MAX MIN MAX Hourly Daily Max MIN MAX UNC $ 337 $ 768 $ 332 $ 2,286 $ 1.50 $10 to $12 $ 227 $ 390 Duke $ 390 $ 444 $ 600 $ 1,950 $ 2.00 $4 to $12 $ 135 $ 189 ECU $ 198 $ 396 $ 198 $ 528 $ 1.00 $ 5.00 $ 132 $ 198 Harvard $ 2,064 $ 4,140 $ 2,064 $ 4,140 NA $ 17.00 NA NA NCSU $ 225 $ 375 $ 345 $ 1,113 $ 2.00 $ 10.00 $ 115 $ 115 Ohio State $ 115 $ 859 $ 352 $ 937 $1.75 to $3.75 $7.50 to $12.50 UCLA $ 552 $ 1,188 $ 552 $ 1,728 $ 3.00 $12 to $20 Florida $ 160 $ 160 $ 168 $ 1,188 $ 2.00 $ 6.00 Iowa $ 378 $ 621 $ 588 $ 2,640 $ 1.20 $ 20.00 $ 243 $ 324 Michigan $ 184 $ 187 $ 158 $ 1,774 $ 1.50 $ 65 $ 78 Minnesota $ 420 $ 1,788 $ 420 $ 1,788 $2 to $3 $4 to $12 Virginia $ 240 $ 528 $ 240 $ 1,140 $ 1.00 $ 2.00 Wisconsin $ 718 $ 1,235 $ 718 $ 1,235 $1 to $1.50 $12 to $15 $ 273 $ 273 18
Fund Balance Commitments Item Amount (6/30/16) Debt: 430 Visitor Space Deck (5-Year Plan) $1,168,000 Ops: Department Transportation Fee $2,033,936 Ops: Student Transportation Fee $239,036 CF: Capital Reserve $2,297,157 Core Operating Expenses 90 days $6,750,000 19
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