LAWRENCE TRANSIT SYSTEM
FY09 - FY13 MULTI-YEAR FINANCIAL PLAN
Based on .25% Local Sales Tax and Maintaining Existing Revenue Hours of Service Annually
	FY08	FY09	FY10	FY11	FY12	FY13
Carry Forward January 1	$            546,504	$     2,680,870	$      1,368,003	$        1,484,890	$       1,149,720	$           684,846
Estimated Revenues:
Local Tax Revenues	$1,053,105
FTA Section 5307 Grant	$1,513,772	$1,496,307	$1,496,307	$1,541,196	$1,587,432	$1,635,055	Assumes 3% annual growth, except in FY10 due to anticipated Continuing Resolution.
Kansas CTP Grant	$450,807	$250,986	$250,986	$250,986	$250,986	$250,986	Assumes funding remains at same level even though CTP will expire at the end of FY09.
Fares/Bus Pass Revenue	$312,300	$312,000	$327,600	$343,980	$361,179	$379,238	Assumes 5% annual growth based on fares remaining at current levels.
Local .20% Sales Tax Proceeds	$0	$1,503,950	$2,629,764	$2,682,359	$2,736,006	$2,790,727
Local .05% Sales Tax Proceeds	$0	$375,988	$657,441	$670,590	$684,002	$697,682	Assumes 2% annual growth
FTA Section 5309 Grant	$1,027,550
FTA Section 115 Grant	$400,000
FTA Section 5316 JARC Grant	$496,818
Intergovernmental Revenue		$595,000
Local Match for Bus Replacement ( Reserve Funds)	$568,000
	$5,822,352	$4,534,231	$5,362,098	$5,489,111	$5,619,605	$5,753,687
TOTAL RESOURCES AVAILABLE	$         6,368,856	$     7,215,101	$      6,730,101	$        6,974,002	$       6,769,326	$        6,438,533
Estimated Expenditures:
Personnel	$231,369	$235,902	$240,620	$245,432	$250,341	$255,348	Assumes 2% annual growth
Operating Contract (Status Quo level of service)	$2,883,504	$2,929,798	$3,044,060	$3,165,823	$3,295,621	$3,434,037	Based on pricing from MV growth increases by between 3.9% and 4.2% annually FY09-FY13.
Route Enhancements and Vehicle Improvements	$0	$375,988	$657,441	$670,590	$684,002	$697,682
Other Contractual	$176,161	$177,435	$180,984	$184,603	$188,295	$192,061	Assumes 2% annual growth
Commodities	$9,295	$667,975	$734,773	$808,250	$889,075	$977,982	Assumes 10% annual growth of fuel costs
Capital Outlay	$387,657	$1,460,000	$189,000	$551,250	$578,813	$607,753	Assumes 5% annual growth in cost of 3 paratransit vehicles and 1 fixed route bus beginning in 2010
Intergovernmental			$198,333	$198,333	$198,333
	$3,687,986	$5,847,098	$5,245,211	$5,824,281	$6,084,480	$6,164,864
Carry Forward December 31	$         2,680,870	$     1,368,003	$      1,484,890	$        1,149,720	$          684,846	$           273,669
Other Assumptions:
(1) Operating costs based on average of MV Transportation pricing for FY09 - FY13 for duration of 5 year contract period.
(2) Does not factor having to add T Lift paratransit service hours in the future to avoid patterns of denial as demand for service increases.
(3) Fare and monthly bus pass sales revenue is based on current fares charged.  Does not factor any future fare increases.
(4) Based on historical data, the lowest fare/bus pass sales revenue has increased annually since the transit system was launched has been 5%.
(5) Kansas Comprehensive Transportation Program (CTP) expires at the end of FY09 and the State Legislature will be discussing a new program.
The Secretary of Transportation would like to see a greater investment statewide in Public Transit and it is possible that state funding for transit purposes could increase in the future.
(6) FY09 Sales Tax effective date is April 09.  7 months collections
(7) In FY10 anticipate that the Federal Gov't will operate under a Continuing Resolution due to Congress delaying the passing of a new Federal Transportation Bill and funding will remain at FY09 levels.
Congress has never passed a transportation bill on time.
(8) Replacing three (3) light-duty T Lift paratransit vehicles annually with a useful service life of 5 years of 100,000 miles. (Total 14 vehicles in T Lift fleet)
(9) Budgeting for the replacement of four (4) heavy-duty, low-floor T fixed-route vehicle with a useful service life of 12 years or 500,000 miles in 2009; annual replacement of one (1) each beginning in 2011
(total of 12 vehicles in T fixed-route fleet); Does not include any future FTA Section 5309 Bus and Bus Facility earmarked funding to offset local dollars needed to address capital needs.
(10) Fuel pricing provided based on consuming approximately 148,499 gallons annually.
(11) 2009 fuel price based on $4.31 per gallon for diesel excluding federal tax. (price paid by City on 6/13/08).