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OPERATING BUDGET April 21, 2015

FISCAL YEAR 2016. OPERATING BUDGET April 21, 2015. BUDGET HIGHLIGHTS $23.8m Budget; 0.6% Increase Fixed Route: $17.1m Budget; 1.2% Increase Demand Response: $4.6m Budget; 1.5% Decrease Customer Service: $410k Budget; 50% Increase Administration: $1.3m Budget; 10.9% Decrease

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OPERATING BUDGET April 21, 2015

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  1. FISCAL YEAR 2016 OPERATING BUDGET April 21, 2015

  2. BUDGET HIGHLIGHTS • $23.8m Budget; 0.6% Increase • Fixed Route: $17.1m Budget; 1.2% Increase • Demand Response: $4.6m Budget; 1.5% Decrease • Customer Service: $410k Budget; 50% Increase • Administration: $1.3m Budget; 10.9% Decrease • Debt Service & Management Fee: $20k Increase

  3. Fiscally Responsible, Level Service Budget • Existing level of transit service is maintained; • Labor negotiations TBD; • Increased focus on Customer Service; • Contracted IT functions transitioned in-house; • Efficient paratransit scheduling = less purchased transportation

  4. Revenue Summary • Farebox revenue increase $165k or 4.9%; • MassDOT CTS grant increased $12k or 20.4%; • Administration revenues increased $17k or 11%; • Federal Operating Assistance decreased $173k or 3.8%; • Local Assessments increased $110k or 2.6% • State Contract Assistance level funded $11.2m

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