RES 95119 - Laserfiche WebLink

LIVERMORE AMAD, VALLEY TRANSIT AUTHORITY, SHORT RANGE TRANSIT PLAN In addition to the revenue vehicle costs, LAV'I'A has programmed seven service vehicles to be replaced throughout the ten year period. LAVTA also has programmed an automated vehicle Iocator system to enhance its ability for tracking vehicles arriving and departing at the new BART station. Office and miscellaneous capital expenses are also' included as capital expense items. The capital requirements for the ten year time frame total $16.2 million. The funds to cover the capital projects include federal funds (FTA Section 9 and STP funds) with local match provided by TDA and Bridge toll revenues. Figure ES-4 displays the ten year capital plan. Chapter 6: Financial Plan The Financial Ran addresses the ten year operating cost and revenue projections for LAVTA's fixed route, DART, and paratransit services. Projections are presented separately for fixed route/DART and paratransit services and are based on the recommended service plan. The FY 1995/96 adopted budget is estimated at $4.7 million and is the basis for future projections. Operating costs are expected to rise to nearly $5.5 million in FY 1996/97 as service levels significantly rise in conjunction with the opening of the BART extension. The financial plan relies on LAVTA's traditional operating revenues including TDA and STA funds and passenger fare revenues. Although FTA Section 9 funds have previously provided LAVTA with a significant operating revenue source, the financial plan assumes that these funds will gradually decline and phase out completely by FY 2000. Service expansion plans are financially feasible because of the large TDA reserve fund LAVTA will draw upon during the next ten years. Approximately $330,000 will be used as operating subsidy each year beginning in FY 1996/97 leaving a healthy reserve of $1.0 million in FY 2005, the last year of the plan. The financial plan projects a minor deficit in FY 1998 and 1999 with a larger deficit in FY 2003 due to major vehicle replacements requiring a significant contribution from TDA revenues as capital match. Each year of the plan projects a cumulative surplus from a low of $226,00 and climbing to $962,000 in the last year of the plan. Figure ES-5 shows the ten year projected operating costs and revenue projections for LAVTA. NELSONtNYGAARD CONSULTING ASSOCUtTES ES-4 SEPTEMBER, 199b