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Published byPrudence Logan Modified over 9 years ago
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2014 Proposed Budget October 17, 2013 1
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Sales Tax receipts are up 6.8% YTD from 2012 The move from self-insurance to AWC health insurance reduced expense approximately $1.1m Stability: Expenses are $1.5m below budget Operating revenue is $1m more than budget Fuel cost is on target Ridership is stable 2
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Biggest threat: US tax & budget policy Whatcom County housing market improves, although higher interest rates could affect affordability Local Employment improves Local construction activity and car sales are up Slow steady sales tax revenue growth expected Cross border economic exchange continues Overall: less risk (see first bullet) 3
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4 Revenue Sales tax increases 3% Fare revenue remains at 2013 levels due to flat ridership and service levels. No 2014 fare increase.fare increase Operating grants increase 5% Expense No Health Insurance increase PERS rate remains at 9.1% of wages 3% Workers Comp increase anticipated Flat fuel prices 10% employee turnover Fleet composition remains at 2013 level; no major procurements Salary and Wage Increases: Non-Reps: 2.0% Paratransit Operators: 3.25% Other Represented Employees: 2.25%
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Smart Bus Planning MAP21 Compliance Business Process Improvement (Lean) Training Trapeze PLAN & InfoAgent version maintenance Fleet Diesel Mechanic intern Two additional staff positions: IT Applications Administrator Revenue Analyst 7
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