Management and Financial Advisory Committee October 23, 2017 1 - PowerPoint PPT Presentation

Management and Financial Advisory Committee October 23, 2017 1

FY18 Q1 Snapshot Ridership By Mode Ferry LRT LRT Ferry FY 18 Q1 FY 17 Q1 81,084 348,953 378,539 115,947 2% 9% 10% 3% PCR Bus PCR Bus 18,960 17,659 1% 0% MAX Bus MAX Bus 104,593 99,683 3% 3% Mode FY17-FY18 FY17-FY18 Total l Trips Change % Change Local -112,352 -3.5% Local Bus 3,229,880 MAX -4,910 -4.7% Local Bus 85% 3,117,528 PCR -1,301 -6.9% 84% Ferry 34,863 43.0% LRT 29,586 8.5% Total -54,114 -1.4%

Year-Over-Year Ridership Increases Route FY 17 FY 18 Change % Change Route 31 25,641 31,119 5,478 21.4% Route 108 37,368 41,933 4,565 12.2% Route 22 20,022 21,814 9.0% 1,792 Route 23 85,580 89,579 3,999 4.7% Route 29 22,931 23,944 1,013 4.4% Total l Trips Ferry 81,084 115,947 34,863 43.0% LRT 348,953 378,539 8.5% 29,586 Max 966 2,787 3,443 656 23.5%

Year-Over-Year Ridership Decreases Route FY17 FY 18 Change % Change Route 26 17,161 14,032 -3,129 -18.2% Route 36 42,128 34,965 -7,163 -17.0% Route 58 14,915 12,604 -2,311 -15.5% Route 44 31,446 26,804 -4,642 -14.8% Route 14 28,743 25,885 -2,858 -9.9% Route 57 28,933 26,317 -2,616 -9.0% Route 4 23,657 21,523 -2,134 -9.0% Route 33 34,214 31,900 -2,314 -6.8% Total l Trips Route 15 168,659 157,282 -11,377 -6.7% Route 3 155,914 146,020 -9,894 -6.3% Route 9 53,673 50,820 -2,853 -5.3% PCR 403 2,803 1,779 -1,024 -36.5% PCR 414 6,011 5,010 -1,001 -16.7% Max 918 1,580 674 -906 -57.3% Max 919 6,602 5,388 -1,214 -18.4% Max 922 5,196 4,493 -703 -13.5% Max 961 48,830 46,344 -2,486 -5.1%

Year-Over-Year VB Wave Trends VB Wave FY17 FY 18 Change % Change Route 31 25,641 31,119 5,478 21.4% Total l Trips Route 30 161,440 163,559 2,119 1.3% Route 35 (new) n/a 31,900 n/a n/a Route 32 (Eliminated) 8,903 n/a n/a n/a

MFAC FY 2019 T RANSPORTATION S ERVICE P LAN C ALL L ETTERS - H IGHLIGHTS O CTOBER 23, 2017

NORTHSIDE CITIES

FY19 TSP Highlights TSP Letters ▪ October 4 th -TSP letters were sent to the six cities ▪ October 6 th - Four cities received supplemental letters providing clarifying information • Hampton • Newport News • Norfolk • Virginia Beach ▪ Supplemental letters provided explanations for year over year revenue hours in excess of 100 hours 8

FY19 TSP HIGHLIGHTS City of Hampton Route Descripti ription on Modifica cati tion n Summar ary y Antici cipat pated d Imp mpact: t: Revenue nue/Eq /Equi uipme pment/ nt/Hour urs 114 Weaver Rd. Realign Route to run along Revenue neutral and equipment Mercury Blvd. neutral. ▪ Route 114 – . – 118 18 Armistead Ave. No longer serve Langley Air Revenue neutral and equipment ▪ Route 118 -. – Force Base. neutral. Serve Boo Williams Rec Center. 9

FY19 TSP HIGHLIGHTS City of Newport News Route Descripti ription on Modifica cati tion n Summar ary Antici cipat pated d Imp mpact: t: Revenue nue/Eq /Equi uipme pment/ nt/Hour urs 107 Warwick/ Streamlining of route structure. Revenue neutral and equipment neutral. Denbigh 111 Jefferson/ Streamlining of route structure. Revenue neutral and equipment neutral. Thomas Nelson 114 Weaver Rd. Realign Route to run along Revenue neutral and equipment neutral. Mercury Blvd. 116 Jefferson/ “One - seat ride” to CNU. Increases annual hours for this Route by Lee Hall 4,515 hours. 119 Oyster Point Recommended for elimination. Decreases annual hours for this Route by Coverage provided by Route 4,515. 116. 121 Williamsburg Extend Route slightly to provide Revenue neutral and equipment. service into NNSY. 10

SOUTHSIDE CITIES

FY19 TSP HIGHLIGHTS City of Chesapeake ▪ No changes requested by the City of Chesapeake ▪ New Route 24 – Kempsville Road requested by City of Virginia Beach (runs to Greenbrier Mall). Must be accepted by City of Chesapeake. 12

FY19 TSP HIGHLIGHTS City of Norfolk Route Descripti ription on Modifica cati tion n Summar ary Antici cipat pated d Imp mpact: t: Revenue nue/Eq /Equi uipme pment/ nt/Hour urs 4 4 Church St. Streamlining alignment by eliminating Revenue neutral. a deviation on Goff St. 9 9 Sewells Point Rd. Streamlining alignment by eliminating Revenue neutral. a deviation on Widgeon Rd. 13

FY19 TSP HIGHLIGHTS City of Portsmouth ▪ No changes requested by the City of Portsmouth 14

FY19 TSP HIGHLIGHTS City of Virginia Beach Route Descripti ription on Modifica cati tion n Summar ary Antici cipat pated d Imp mpact: t: Revenue/Eq nue/Equi uipm pment/ nt/Hour urs 24 Kempsville Rd. Connects Town Center to Increases FY19 revenue hours by (New) Greenbrier Mall. 15,608 hours and requires four (4) additional buses. 33 33 General Booth Realignment onto Birdneck Road Cost and equipment neutral. Blvd. at request of City. 35 35 VB Wave Route Two options presented: 1. Year Round – 20,266 additional 1. Change route to year round hours service 2. Keep route seasonal, but 2. 30-minutes with extension – change service frequencies to 3,481 additional hours 30 minutes and extend route along Shore Dr. to Pleasure House Dr. 15

Fleet Inventory and Demand Parks Park s ( Seaso sona nal) Fleet et Invent ntor ory 14 th Stree High h Demand 16 18 18 th eet Victori oria Fleet et Invent ntor ory 82 Fleet et Invent ntor ory 194 94 High h Demand 147 High h Demand 63 Tot otal al Flee eet t Inven entor ory y 290 Tot otal al High h Demand mand 226 16

Average Fleet Age Aver erage ge Fl Fleet eet Age ge 9.8 Y 9. 8 Year ears Oldest est Un Unit t Newest est Un Unit t 18.7 Years 18 1. 1.7 years Federal eral Transit nsit Administ inistrati ation on recommends ommends a 1 12 year life e expe pectanc ctancy y of a transit nsit Bus and an Average age Fleet t Age of 6.5 to 7.5 years. s. 17

Pr Projec jected ed Cap apital tal Ne Needs eds Thr hru u Fiscal cal Yea ear 202 024 FY-16-17 FY-19 FY-20 FY-21 FY-22 FY-23 FY-24 FY-18 (In process) (Projected) (Projected) (Projected) (Projected) (Projected) (Projected) Rebuild 21 3 TBD TBD $ 5,479,392 $ 710,440 TBD TBD $ - $ - $ - $ - Replace 23 26 14 26 46 49 17 10 $ 11,022,271 $ 13,981,999 $ 6,358,282 $ 11,943,448 $ 21,634,388 $ 23,537,261 $ 8,241,309 $ 4,977,892 Mid-Life Overhaul 35 10 6 7 5 43 22 11 $ 3,034,281 $ 908,468 $ 530,566 $ 631,130 $ 459,477 $ 4,026,057 $ 2,097,989 $ 1,068,067 Projected Need $ 19,535,944 $ 15,600,907 $ 6,888,848 $ 12,574,579 $ 22,093,864 $ 27,563,319 $ 10,339,298 $ 6,045,959 Funded $ 19,535,944 $ 15,380,939 $ - $ - $ - $ - $ - $ - 18

Forecasted State Transit Capital Revenue (Source: DRPT) 19

Forecasted State Match Rates for Capital Projects by Tier (Source: DRPT) 20

Project Case Study: Hampton Roads Transit (Source: DRPT) 21

Draft Financial Statement SEPTEMBER 2017 F INANCIAL R EPORT F ISCAL Y EAR 2018

REVENUE & RIDERSHIP KPI’s SEPTEMBER 2017 Farebox Recovery Ratio Average Cost per Rider 21% $6.30 $6.28 $6.20 20% 20% $6.10 19% $6.00 Target Target $5.90 18% Actual Actual $5.80 17% $5.82 17% $5.70 16% $5.60 $5.50 15% 1

OPERATING FINANCIAL STATEMENTS SEPTEMBER 2017 FISCAL YEAR 2018 Monthly Year to Date Budget Actual Variance Annual Budget YTD Actual Variance Dollars in Thousands Operating Revenue $ 1,460.7 $ 1,673.0 $ 212.2 14.5% Passenger Revenue $ 17,686.1 $ 4,496.1 $ 13,190.0 25.4% 110.4 51.3 (59.1) -53.6% Advertising Revenue 1,325.0 192.6 $ 1,132.4 14.5% 186.3 179.1 (7.2) -3.9% Other Transportation Revenue 2,236.1 537.3 $ 1,698.8 24.0% 5.0 16.8 11.8 236.0% Non-Transportation Revenue 60.0 34.4 $ 25.6 57.3% Non-Operating Revenue 1,371.8 1,445.6 73.7 5.4% Federal Funding 16,347.0 4,374.3 $ 11,972.7 26.8% 1,669.7 1,625.5 (44.2) -2.6% State Funding 20,036.2 4,876.4 $ 15,159.8 24.3% 3,800.5 3,688.1 (112.4) -3.0% Local Funding 45,605.7 11,064.2 $ 34,541.5 24.3% $ 8,604.5 $ 8,679.2 $ 74.8 0.9% TOTAL REVENUE $ 103,296.1 $ 25,575.3 $ 77,720.8 24.8% $ 5,287.1 $ 5,087.5 $ 199.6 3.8% Personnel Services $ 64,133.5 $ 15,657.1 $ 48,476.4 24.4% 912.6 397.2 515.4 56.5% Contract Services 10,402.3 1,396.4 9,005.9 13.4% 1,001.4 940.3 61.1 6.1% Materials & Supplies 11,830.5 2,706.1 9,124.4 22.9% 92.2 104.4 (12.2) -13.3% Utilities 1,195.3 331.5 863.7 27.7% 392.4 348.4 44.0 11.2% Casualties & Liabilities 4,709.0 1,047.4 3,661.6 22.2% 725.5 678.2 47.3 6.5% Purchased Transportation 8,706.4 2,112.6 6,593.8 24.3% 193.2 56.0 137.2 71.0% Other Miscellaneous Expenses 2,319.1 317.2 2,001.9 13.7% $ 8,604.5 $ 7,612.0 $ 992.5 11.5% TOTAL EXPENSE $ 103,296.1 $ 23,568.3 $ 79,727.8 22.8% 0.0 1,067.2 (1,067.2) OPERATING PROFIT (LOSS) 0.0 2,007.0 (2,007.0) 2