Pinellas Suncoast Transit Authority Board of Directors Meeting June 27,

TODAY

Revenues 10% Increase in Fare Revenue –$500K more Due to Record Overall Ridership –$100K more Due to Under Budgeted TD Bus Pass Revenue –$500K more Due to Former TD & Medicaid Discounts converting to full price. Advertising Revenue Up 80% –New Ads on Trolleys very successful. 5

Ad Valorem Revenue $41.8 Million Property Tax Loss Since FY 2007 * Projected *** 6

Ad Valorem Revenue Change Assumptions 7 FY2013FY2014FY2015FY2016 Adopted -3.0%0%+3.0% New PSTA Projection -2.2% +2.0%+4.0% County Projection -4.0%-2.0%+2.0%+4.0%

TODAY

FY2012 Expenses Below Budget 9 No.Line ItemFY2012 Projected Savings Recurring Savings? 1Delay in Implementing North County Flex Routes-$700,000No 2Competitive DART Contracts-$500,000Yes 3Health Insurance & FRS Benefits – Vacancies-$444,000No 4Insurance Recovery Claims-$414,000Partly 5Lower TD Cab & Van Expenses-$110,000Yes 6Bus Parts-$ 93,000Yes 5TOTAL FY2012 Savings-$2,161,000

TODAY

11 No.Line ItemFY2013 Increased Costs Cumulative Percent 1TD Pass-Through to Non-Profits$654,00011% 2Health Insurance Broker$150,0002% 3Entry-Level Planners (2) – Grant Funded$125,0002% 4 No Net Costs/Pass-Throughs Subtotal$929,000 15% 5North County Flex Routes $700,00013% 6Mid-County Terminal Operating Costs$200,0003% 7Improved Oversight (4.5 FTE Positions)$180,0002% 8New/Improved Services Subtotal$1,080,00018% 9Fuel$1,470,00025% 10Health Insurance (Net of Employee Share)$700,00012% 11Insurance (Assuming No Claim Recoveries)$432,0009% 12Inflation Items that May Be Further Reduced$2,602,00046% 131% Salary Raises & Union Step Increases$445,0008% 14Maintenance Expenses Back to Trend$350,0006% 15Other$419,0007% 16Other Inflation Items$1,214,00021% FY2013 DRAFT BUDGET VS. FY2012 PROJECTED ACTUAL

12 FY2013 Operating Budget Strategies No Service Cuts – Service Enhancements: North County Flex Services Implementation Mid-County Terminal Implementation Improved Trash/Shelter Cleaning at Lower Cost Complete Comprehensive Bus Study No Fare Increases No Millage Rate Increase Be Responsible to Staff, 1% Salary Increases Pending FRS Decision & Labor Agreements Employees Pay 50% of any Increase in Health Insurance. Defer Capital & Use Federal Funds for Operating at Lower Rate Use of Reserve Funds to Balance Budget through Up to FY2015

Overtime Reduction Strategy Current budgeted bus operator positions – 357 o 311 operators work 40 hour shifts (bid) o 46 operators work the “Extra Board” Extra Board operators are used to cover open work due to the absence of an operator who works a bid shift Types of absences include: –Vacation, sick leave, personal leave, birthdays, military leave, union business, jury duty, Family Medical Leave, funeral leave, no-pay excused and miss-outs Average Daily Absences 42 – 46 Average Extra Board Operators available each weekday – 37 (factor in two days off per week)

14 Maintain Fares SystemCash FareDay Pass31-Day Tallahassee$1.25$3.00$38 Sarasota$1.25$4.00$50 Pasco$1.50$3.75$37.50 Jacksonville$1.50$4.00$50 Palm Beach$1.50$4.00$60 Broward$1.75$4.00$58 Miami-Dade$2.00$5.00$100 HART* - 11/2012 $2.00$4.00$65 Orlando$2.00$4.50$50 PSTA$2.00$4.50$65 *Red - Highest

15 IMPROVED TRANSIT AMENITY UPKEEP PROPOSAL PSTA spent $499, toward an annual Contractor Service provided by Spectrum 900 trash cans serviced weekly 2,300 bus-shelters pressure washed annually BACKGROUND INFORMATION Currently, PSTA is annually spending $291, on Gulfstar Contract [proposed to be $280,000 in FY2013] 687 trash-cans serviced weekly [proposed to be 987 in FY2013] 1,600 bus-shelters pressure washed annually [1800+ in FY2013] Improved Oversight with Amenity Coordinator Position

Staffing Changes 16

PSTA Staff Level History 17

PSTA Reserves 18 1Adopted FY2012 YE Reserves to Balance 3 Years$5,042,009 2Additional FY2012 Revenues+$1,020,866 3FY2012 Operating Budget Savings+$2,334,072 4Concrete Rehab Project Savings+$2,033,160 5Revised FY2012 YE Reserves$10,430,107 Additional PSTA Reserves 12 Months Equivalent Operating Reserves$10,199,409 2Required Insurance Reserves+$4,008,000

Plan for Reserve Use Extend Use Of Reserves to FY2015 To Provide Flexibility in Considering Sales Tax Measure: $5.6M Reduce Use of Federal Grant Funds for Operations: $5.5M –Fund $5.5M Additional in Bus Replacement –Allows for 15 vs. 8 of needed 40 buses to be replaced. 19

Program of Projects History 20

Pinellas Suncoast Transit Authority Board of Directors Meeting PSTA 5-YEAR CAPITAL IMPROVEMENT PROGRAM June 27,

Funding for the PSTA CIP Funding TypeDescription5-Yr. TotalPct. Future Federal FTA Formula (5307) $11.7M Annually Based on Formula $57,520,13287% 5307 Dedicated to Operating Asst.$44,630,48968% Prior Year FTA Formula (5307) Funds remaining from sweep of completed projects $1,711,153 3% 2006 Alternatives Analysis Earmark $1,000,000 2% Concrete Settlement$5,668,606 8% FDOT Park & Ride Grant $200,000 0% SUBTOTAL 5-YEAR CIP$66,099,891 PROP. FY REDUCED FED OPERATING ASST.+$5,579,7888% 22

Need for Bus Replacements PSTA FleetUseful LifeQuantityReplace Goal/ Year Cost Per Bus Large Heavy Duty12 Yrs/500K miles $695K Small Heavy Duty10 Yrs/350K miles9.9$625K Future Flex Shuttles5 Yrs/150K miles61.2$170K TOTAL Year CIP Fully Funded Targets:83$54.22M Actual Constrained CIP Budget:16$8.43M PROPOSED ADDITIONAL USE OF FED FUNDS+8+$5.5M 23

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CIP Summary 5-Year Total Vehicles$11,871,051 Operating Assistance$44,630,489 Passenger Amenities$2,781,900 Technology$3,076,200 Facilities$1,308,181 Planning Studies$1,950,000 Contingency$796,070 TOTAL$66,099,891 W/Proposed Additional$71,679,679 25

Deferred or Unfunded Projects 26 5-Year TotalDeferred/Unfunded Replacement Buses$11,871,051$29,791,631 Expansion Buses$0$118,304,108 Bus Surveillance CamerasNot Until 2020$1,800,000 Smartcard Enhanced FareboxesNot Until 2019$4,500,000 Shelters & ADA Access$2,000,000$1,080,000 WiFi on Buses$0$160,000 St. Pete Multi-Modal TerminalTIGER$30,000,000 Clearwater TerminalTIGER$25,000,000 Solar Lights on Shelters$0$364,800 Board Room/PSTA Audio/Visual$0$300,000 New Financial Management SoftwareNot Until 2020$3,780,000 Total Unfunded or Deferred$220,080,539