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    Laketran Folo

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    lkessel5622
    The document projects the 2010 budget and revenue for Laketran, a public transportation service. It projects operating revenue to increase 11.89% from 2009, led by increases in Medicaid and Dial-a-Ride fares. Non-operating revenue is projected to decrease 21.22% due to reductions in sales tax revenue and prior year cash balances. Total revenue is projected to increase 1.35% to $11.6 million. Expenses are projected to decrease 13.62% to $11.8 million, largely due to reductions in fuel costs and wages. The projected net income excludes depreciation expenses.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Laketran Folo

    Uploaded by

    lkessel5622
    85 views1 page
    The document projects the 2010 budget and revenue for Laketran, a public transportation service. It projects operating revenue to increase 11.89% from 2009, led by increases in Medicaid and Dial-a-Ride fares. Non-operating revenue is projected to decrease 21.22% due to reductions in sales tax revenue and prior year cash balances. Total revenue is projected to increase 1.35% to $11.6 million. Expenses are projected to decrease 13.62% to $11.8 million, largely due to reductions in fuel costs and wages. The projected net income excludes depreciation expenses.

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    The document projects the 2010 budget and revenue for Laketran, a public transportation service. It projects operating revenue to increase 11.89% from 2009, led by increases in Medicaid and Dial-a-Ride fares. Non-operating revenue is projected to decrease 21.22% due to reductions in sales tax revenue and prior year cash balances. Total revenue is projected to increase 1.35% to $11.6 million. Expenses are projected to decrease 13.62% to $11.8 million, largely due to reductions in fuel costs and wages. The projected net income excludes depreciation expenses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    85 views1 page

    Laketran Folo

    Uploaded by

    lkessel5622
    The document projects the 2010 budget and revenue for Laketran, a public transportation service. It projects operating revenue to increase 11.89% from 2009, led by increases in Medicaid and Dial-a-Ride fares. Non-operating revenue is projected to decrease 21.22% due to reductions in sales tax revenue and prior year cash balances. Total revenue is projected to increase 1.35% to $11.6 million. Expenses are projected to decrease 13.62% to $11.8 million, largely due to reductions in fuel costs and wages. The projected net income excludes depreciation expenses.

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    LAKETRAN

    REVENUE AND EXPENSE PROJECTION - 2010


    2010 Budget
    2010 2009 2010 vs 2009 Budget 2010 vs 2009 Budget 2009 vs
    Budget Budget Dollars Percent Projection 2009 Projection
    Operating Revenue
    Fares, Commuter Express 635,000 618,011 16,989 2.75% 635,000 0.00%
    Fares, Local Fixed Route 231,000 275,843 (44,843) -16.26% 231,000 0.00%
    Fares, Dial-a-Ride 595,000 582,759 12,241 2.10% 512,000 16.21%
    New Freedom Dialysis 90,000 - 90,000 90,000 0.00%
    Medicaid NET 312,000 - 312,000 275,000 13.45%
    Medicaid IO Waivers 312,000 - 312,000 200,000 56.00%
    I Formula Funds ADA 55,000 57,154 (2,154) 50,000 10.00%
    II Formula Funds ADA - - - -
    Society for Rehab - - - -
    ------------------- ------------------- ------------------- -------------------
    Sub-Total 2,230,000 1,533,767 696,233 45.39% 1,993,000 11.89%
    Advertising 80,000 80,000 - 0.00% 75,000 6.67%
    ------------------- ------------------- ------------------- -------------------
    Total Operating Revenue 2,310,000 1,613,767 696,233 43.14% 2,068,000 11.70%

    Non-Operating Revenue
    Sales Tax Revenue 7,070,000 7,680,152 (610,152) -7.94% 7,070,000 0.00%
    Federal Grants and Reimb. 1,640,000 1,600,000 40,000 2.50% 1,600,000 2.50%
    ARRA - - - -
    State Grants, Reimb., E&D 622,000 633,000 (11,000) -1.74% 697,000 -10.76%
    New Freedom Funds - Travel 36,000 33,000 3,000 9.09% 15,000 140.00%
    New Freedom Funds - Admin 6,300 8,700 (2,400) -27.59% 6,000 5.00%
    Interest Income 120,000 180,000 (60,000) -33.33% 130,000 -7.69%
    Fuel Tax Credit - 65,000 (65,000) 55,000 -100.00%
    Other Income - 21,000 (21,000) -100.00% 6,500 -100.00%
    Auction Proceeds - - - -
    Prior Years Cash - 1,830,881 (1,830,881) -100.00% -
    ------------------- ------------------- ------------------- -------------------
    Total Non-Operating Revenue 9,494,300 12,051,733 (2,557,433) -21.22% 9,579,500 -0.89%

    Total Revenue 11,804,300 13,665,500 (1,861,200) -13.62% 11,647,500 1.35%

    Wages & Benefits


    Wages 5,460,000 6,550,000 (1,090,000) -16.64% 5,600,000 -2.50%
    PERS & Other P/R Benefits 1,266,150 1,490,000 (223,850) -15.02% 1,300,000 -2.60%
    Healthcare Insurance 1,165,000 1,172,000 (7,000) -0.60% 1,060,000 9.91%
    Other Benefits 105,000 132,000 (27,000) -20.45% 57,000 84.21%
    Services 775,000 645,000 130,000 20.16% 600,000 29.17%
    Supplies
    Fuel & Oil 977,000 1,424,000 (447,000) -31.39% 1,106,000 -11.66%
    Parts 325,000 367,000 (42,000) -11.44% 280,000 16.07%
    Other 220,000 272,000 (52,000) -19.12% 200,000 10.00%
    Utilites 220,000 228,500 (8,500) -3.72% 205,000 7.32%
    Casualty & Liability 575,000 593,000 (18,000) -3.04% 540,000 6.48%
    Purchased Transportation 575,000 559,000 16,000 2.86% 540,000 6.48%
    Miscellaneous Expenses
    Dues & Subscriptions 35,000 50,000 (15,000) -30.00% 35,000 0.00%
    Professional Dev. - Employee 20,000 20,000 - 0.00% 17,500 14.29%
    Professional Dev. - Board 8,500 17,000 (8,500) -50.00% 8,500 0.00%
    Advertising & Marketing 69,500 131,000 (61,500) -46.95% 69,500 0.00%
    Other 8,150 15,000 (6,850) -45.67% 29,000 -71.90%
    ------------------- ------------------- -------------------
    11,804,300 13,665,500 (1,861,200) -13.62% 11,647,500 1.35%

    Net Income (Exc. Deprec.) - - -

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