Bucks County Transport, Inc. Status FY Current Financial Position Current Operations Service Statistics/Trends Funding Statistics/Trends Other Information/Assumptions Capital Status Review 1

Bucks County Transport, Inc. Current Financial Position: Unrestricted Net Assets Included in this number is TMA Services, WTW and Capital Additions. SourceBalance Lottery(1,401,781) MATP(175,011) MH/MR(519,055) Area Agency on Aging0 Other$4,226,816* Total $2,130,969 2

Bucks County Transport, Inc. Outstanding Debt Schedule 3 Balance Loan DescriptionLending InstitutionMaturity DateInterest RateAs of 12/31/2011 Vehicle Loan Bucks Country Bank (20 Veh. Loan)Bucks County Bank10/4/ % $ 27, Univest Loan ( )Univest Bank10/14/ % $ 103, Univest Loan (# )Univest Bank10/1/ % $ 29, Univest-Insur Loan 1 YearUnivest Bank1/15/ % $ 75, Ford Vehicle LoanFord Motor11/27/ % $ 46, Line of Credit Line of Credit Max $600,000UnivestPrime +1 $ 375, Line of Credit max $200,000Univest7% $ -

Bucks County Transport, Inc. Aged Accounts Payable as of 2/6/ Current Days Past Due Days Past Due Days Past Due Over 90 Days Past DueTotal $ 148, $ 156, $ 11, $ (300.00) $ (245.70) $ 315, Company policy is to pay net 30 days from date of invoice received

Bucks County Transport, Inc. Aged Accounts Receivable as of 1/31/2012 Accounts Receivable – Past due 90 days and over Program/AgencyAmount Past Due Date Requisitioned Estimated Pay Date MATP$102,1137/1/2011Feb/March

Bucks County Transport, Inc. Current Operations: Staffing Level Contract Provisions Healthcare Pension Fuel Fares Other major factors producing cost increases above inflation Cost Savings Initiatives 6

Bucks County Transport, Inc. Staffing Level/Org Chart 7 Vince Volpe Executive Director Grace McCausland Executive Secretary Jim Raymond CFO Cindy Hadden Furst Operations Director ED Hackett Director of Maintenance Accounting Ben Brigaman HR Manager Art Harzell Glenn Dornsife Terminal Managers Bryan Knight IT Manager Ladonna Synder Reservations Bristol Main. Facility Terminal Vehcile Main

Bucks County Transport, Inc. Personnel 8 DriversCurrent Starting wage$9.00 non CDL $9.50 CDL $9.00 non CDL $9.50 CDL Top wage$16.20$16.68 Average wage$10.25$10.55 Contract wage increase Job ClassificationNumber- Full TimeNumber-Part Time Drivers4552 Mechanics5 Dispatchers/Schedulers/ Reservations 19 Clerical10 Terminal Staff6

Bucks County Transport, Inc. Personnel BCT has implemented a hiring policy to hire more part- time employees for the following reasons: Reduces overtime Reduces benefits cost Increases productivity of work force Work force is more flexible BCT employs 100 drivers and 52% of drivers are part-time. Goal is to have a ratio of 75% part time drivers. BCT currently has 6 contractors 9

Bucks County Transport, Inc. Health Care Effective 1/1/2011 Bucks County Transport Inc., changed the health care plan from an HMO plan to an HSA high deductible plan. (Blue Cross) New plan maintains current level of benefits. Annual Savings were $70, renewal rate decreased by approximately 6%. There are 43 employees enrolled in plan. Employee pays 10% of monthly premium 10

Bucks County Transport, Inc. Pension Plan: Effective 1/1/ BCT change Pension Plan from a Defined Contribution Pension Plan to a 401K Plan. Matching contribution is determined by the Board on a quarterly basis. Currently there are 22 people enrolled in the plan. Projected annual savings $130,000. Employees have internet access to their funds. Plan in administered By Expert Plan Investing option is Vanguard Funds. 11

Bucks County Transport, Inc. Fuel Current Cost per Gallon as of 2/14/2012 Diesel - $4.49 Gas - $3.89 CNG - $2.54 Projected Cost per Gallon and Basis for Projection For budget purposes, Diesel and Gas prices are projected to increase 10% per year In the next two years, we plan to replace 20 diesel vehicles with cng vehicles. Projected annual fuel saving per vehicle would be $4,

Bucks County Transport, Inc. Shared Ride Fares: Date of Last Fare Increase April 2008 Current Fares (include $2.15 fuel surcharge) $20.15 per in county trip $34.15 per out of county trip $29.15 per 2 or more riders out of county AAA - AAA passenger pays $1.00, remaining fare paid by AAA Planned Changes April 2012 $22.00 per in county trip $36.00 per out of county trip $31.00 per 2 or more riders out of county AAA - AAA passenger pays $1.00, remaining fare paid by AAA 13

Bucks County Transport, Inc. Cost Increases Beyond Inflation: FactorsCurrent Amount Projected Future Amount Explanation Work Compensation$285,000$350,000Loss runs/change of rating paratransit drivers Fuel$875,000$936,25010% increase offset by CNG fuel 14

Bucks County Transport, Inc. Cost Savings Initiatives: InitiativeCurrent Cost Planned Action and Implementation Date Projected Savings Heath Care Change$600,0001/1/2011$70,000 Pension Plan Change$240,0001/1/2011$130,000 Adding CNG to Fleet(Fuel) $811,0004/1/2012$24,000 Increase part time workforce to decrease overtime. $60,000On going$40,000 15

Bucks County Transport, Inc. Shared Ride Funding / / / / /2015 Operating Expenses $ 10,604,263 $ 10,370,474 $ 10,618,218 10,724,400 10,778,022 Passenger Revenue $ 565,870 $ 621,726 $ 640,378 $ 650,000 Lottery $ 3,225,725 $ 3,216,192 $ 3,240,952 $ 3,250,000 MATP $ 2,965,101 $ 2,489,285 $ 2,600,000 $ 2,700,000 Other $ 3,861,522 $ 3,955,660 $ 4,136,888 4,124,400 4,178,022 Balance $ (13,955) $ (87,611) - - -

Bucks County Transport, Inc. Shared Ride Statistics/Trends Included (shared ride/MATP/MHMR/WTW) / / / / /2015 Total Veh. Miles 3,412, ,217, ,338, ,438, ,542, Cost per Mile Total Veh. Hours 263, , , , , Cost per Hour $ $ $ $ $ Total Pass. Trips 639, , , , , Cost per Trip $ $ $ $ $ Rev. per Trip $ $ $ $ $ Trips per Hour

Other Information/Assumptions: 18

Capital Status Review 19 FIVE YEAR CAPITAL SPENDING PLAN AGENCY NAME: Bucks County Transport, Inc. AGENCY NAME: Bucks County Transport Inc DATE: FY FY FY FY FY ActualBudgetForecast Sources of Funds 1Federal - Capital FTA Senior and PWD$505,600 2Federal - Capital FTA JARC$900,000$990,000$1,089,000$1,197,900 3State - Community Transportation Capital$126,400 4State - Capital - Other$120,000 $132,000$145,200$159,720 5Local Contribution$593,750 6Other Financing Transaction Proceeds* 7Internal Working Capital* $140,000 8Proceeds from Disposition of Assets 9Foundations 10Private AFIG $137,000 11Other 12Total Sources of Funds$752,000$1,613,750$1,399,000$1,234,200$1,357,620 Uses of Funds 13Vehicle and Equipment Purchases$0 14Vehicle Overhauls 15Technology 16Other Support Programs 17Total Uses of Funds$0 18Sources Less Uses**$752,000$1,613,750$1,399,000$1,234,200$1,357,620$0 * Do not include line of credit proceeds ** This value can not be negative