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FY 2011 and FY 2012 Budget or
SFMTA Board Jan. 29, 2010, agenda
FY 2011 and FY 2012
Operating Budget
As of January 29, 2010
January 29, 2010 SAN FRANCISCO, CALIFORNIA
Introduction
- Original approved FY 2010 budget = $816.7M
- FY 2010 Approved Budget = $768.6M ($129M deficit balanced, $45M remained, $16.9M left)
- Balancing the two year budget dependent on the actions taken to address the FY 2010 budget deficit
- Continued economic downturn has exhausted fund balance (reserves) and reduced revenues over $230 million ($130 million from State Transit Assistance) since FY 2009
- SFMTA two year budget for FY 2011 and FY 2012 approval required by May 1, 2010
FY 2010 Budget
Revenues Compared to
FY 2011 and FY 2012 ($M)
| Revenue Category |
FY 2010 Amended Budget |
FY 2010 Year End Projection |
FY 2011 Budget |
FY 2012 Budget |
|---|---|---|---|---|
Transit Fares |
181.3 |
181.3 |
178.1 |
179.1 |
Operating Grants |
79.5 |
81.9 |
76.7 |
76.7 |
Parking and Traffic Fees & Fines |
244.8 |
232.8 |
228.8 |
231.8 |
Taxi Services |
18.2 |
14.4 |
8.2 |
8.2 |
Other (Advertising, Interest, TIDF) |
21.3 |
21.4 |
18.9 |
19.3 |
Interdepartmental Recovery |
3.0 |
3.0 |
3.0 |
3.0 |
General Fund Transfer |
178.3 |
175.3 |
169.3 |
173.3 |
Fund Balance – Appropriated |
42.2 |
42.2 |
0.0 |
0.0 |
TOTAL |
$768.6 |
$752.3 |
$683.0 |
$691.4 |
FY 2011 and FY 2012
Change in Revenues
Compared to FY 2010 Amended Budget ($M)
Line Item |
FY 2011 |
FY 2012 |
Fund Balance (used in FY 2010) |
(42.2) |
(42.2) |
Interest Earnings (economic impact/lower balance invested) |
(2.4) |
(2.0) |
General Fund Transfer (lower tax receipts) |
(9.0) |
(5.0) |
Fare Revenue (net of service modification impacts and TransLink usage) |
(3.0) |
(2.0) |
Garage Revenues (economic impact) |
(2.0) |
(1.0) |
Parking Meter Revenues (economic impact) |
(4.0) |
(2.0) |
Parking Citations (economic impact, street sweeping reduction, overall issuance decline) |
(10.0) |
(10.0) |
Paratransit Fares (economic impact) |
(0.2) |
(0.2) |
Taxi Reform (major revenue form pilot in FY 2010) |
(10.0) |
(10.0) |
Regional Grants (Sales Tax-based Decline) |
(2.8) |
(2.8) |
Preliminary Revenue Change FY 2011 and FY 2012 |
(85.6) |
(77.2) |
Potential Revenue Items |
||
Impact of Proposals to Balance FY 2010 Budget |
15.0 |
16.0 |
Second Federal Economic Stimulus Package |
Advocating for Revenue |
|
Gas Tax |
Advocating for Revenue |
|
STA/Spillover from State |
Advocating for Revenue |
|
FY 2010 Budget
Expenditures Compared to
FY 2011 and FY 2012 ($M)
Expenditure Category |
FY 2010 Amended Budget |
FY 2010 Year End Projection |
FY 2011 Budget |
FY 2012 Budget |
Salaries & Benefits |
484.4 |
475.9 |
478.1 |
481.1 |
Contracts and Other Services |
64.0 |
66.4 |
70.0 |
74.0 |
Materials & Supplies |
40.7 |
47.9 |
50.7 |
50.7 |
Equipment & Maintenance |
42.5 |
34.9 |
47.5 |
42.5 |
Rent & Building |
7.0 |
7.5 |
7.0 |
7.0 |
Insurance & Payments to Other Agencies |
66.2 |
69.3 |
68.6 |
68.6 |
Rainy Day Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
Work Orders |
63.8 |
65.9 |
63.8 |
63.8 |
TOTAL |
$768.6 |
$767.8 |
$785.7 |
$787.7 |
FY 2011 and FY 2012
Change in Expenditures
Compared to FY 2010 Amended Budget ($M)
| Line Item |
FY 2011 |
FY 2012 |
|---|---|---|
Operator Schedule ( FY 2010) |
(3.0) |
(3.0) |
Salaries and Benefits Including Layoffs ( FY 2010) |
(19.5) |
(17.9) |
Elimination of Sales Tax (Prop B) funding of staffing costs |
1.1 |
1.1 |
Health, Retirement, and Other Benefit Increases (From Mayor and Controller projections) |
15.1 |
16.5 |
Vendor Discount Program |
(4.0) |
(4.0) |
Replenish Materials and Parts Budget Reduced in FY 2010 |
10.0 |
10.0 |
Catastrophic Loss Coverage Premium |
2.4 |
2.4 |
Incremental Operating Costs from Capital Projects (e.g. TransLink, Video Cameras, NextMuni, etc.) |
15.0 |
14.0 |
Preliminary Expenditure Change FY 2011 and FY 2012 |
17.1 |
19.1 |
Potential Expenditure Items |
||
Impact of Proposals to Balance FY 2010 Budget – Labor Concessions (10.0), Service Reductions (25) |
(35.0) |
(35.0) |
Performing Arts Garage EIR |
0.9 |
|
Parking and Revenue Control System for Parking Garages |
4.0 |
|
FY 2011 and FY 2012
Projected Deficit
($M)
FY 2011 (Deficit) |
FY 2012 (Deficit) |
|
Revenues |
(85.6) |
(77.2) |
Expenditures |
17.1 |
19.1 |
TOTAL DEFICIT |
(102.7) |
(96.3) |
Proposals to Balance FY 2010 |
50.0 (Not including Prop K Sales Tax Request) |
51.0 |
REMAINING DEFICIT |
(52.7) |
(45.3) |
Public Meetings
FY 2010 |
FY 2011 and FY 2012 |
|
SFMTA Board of Directors Meetings |
||
February 16, 2010 |
Public Hearing on Fee, Fine and Fare Changes and Possible Approval of FY 2010 Balancing Actions including Muni Service Modifications |
|
March 2, 2010 |
Approval of Parking Policies |
|
March 30, 2010 |
Public Hearing on Fee, Fine and Fare Changes |
|
April 6, 2010 |
Public Hearing, Possible Budget Adoption |
|
April 20, 2010 |
Public Hearing, Possible Budget Adoption |
|
Town Hall Meetings (1 SVN, 2nd Floor) |
||
February 6, 2010 |
10 am to Noon |
|
February 9, 2010 |
6 pm to 8 pm |
|
March 10, 2010 |
6 pm to 8 pm |
|
March 20, 2010 |
10 am to Noon |
|
SFMTA Budget Updates: www.sfmta.com/sfmtabudget or Call 311
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