Fiscal Year 2023 Budget Overview
The content presents detailed information on the fiscal year 2023 budget, including budget cycles, comparisons between fiscal years, source of funds, expenditure plans, and top projects for the Consolidated Municipal Agency (CMA). It covers budget development processes, funding sources, expenditure breakdowns, and key projects planned for funding. The budget figures and allocations are highlighted to provide a comprehensive overview of the financial aspects for the upcoming fiscal year.
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BIENNIAL BUDGET BIENNIAL BUDGET FY2022 FY2022- -23 FY2023 FY2023- -24 23 24 May 4, 2022
Budget Cycle Budget Development- January April 2022 First reading April Board of Directors Meeting Budgets will be presented to the Citizen Advisory Committee and Paratransit Coordinating Council in May for comment and endorsement. Adoption May 18, 2022 Board Meeting Slide 2
Budget Comparison Fiscal Year 2023 / Fiscal Year 2024 Element FY2022-23 FY2023-24 Totals CMA $13,858,100 $13,211,500 $27,069,600 Public Transit $14,563,700 $15,202,400 $29,776,100 Capital Investments $43,050,000 $4,300,000 $47,350,000 Depreciation $3,070,000 $3,570,000 $6,640,000 Total $74,541,800 $36,283,900 $110,075,700 Previous Budget / New Budget Element FY2021 & FY2022 Adjusted (Previous) FY 2023 & FY2024 Preliminary (Current) CMA $35,204,800 $27,069,600 Public Transit $23,086,550 $29,766,100 Capital Investments $50,083,700 $47,350,000 Depreciation $ 5,739,000 $ 6,640,000 Total $114,114,050 $110,825,700 Slide 3
Consolidated Draft Budget Source of Funds Expenditure Plan Farebox 2% Other Funds 20% Interest .1% TDA 26% Consulting Srvc 18% Depreciation 6% Administrative 2% State and Regional Funds 13% Federal 27% TIFIA 12% Purchased Trans, Fuel & Maint. 25% Capital 42% CMA Operating Budget: $27,069,600 Pass Through 1% Transit Operating Budget: $29,766,100 Personnel 6% Capital Budget Depreciation Expense: $47,350,000 $6,640,000 Total: $110,825,700 Slide 4
CMA BUDGET PLANNING CMA Funding Sources CMA Expenditure Plan Interest .1% Pass Through 4% Salary Chargeback 2% Agency Administration 4% Pass Through 2% Local/ Regional 11% TDA 24% Personnel 24% State 15% Federal 44% Consulting Services 70% CMA Funding Sources (000 s) Federal $11,652 CMA Expenses (000 s) $6,817 TDA ( LTF ) Local/Regional $3,722 Consulting Services $18,154 State $4,181 Personnel $7,168 Pass Through $1,280 Agency Administration $1,658 Salary Chargeback $502 LOC Interest Expense* $90 Interest $40 Total: $27,070 Total: $27,070 Slide 5
CMA Top Projects List SR29 Improvements/ Napa Forward Soscol Junction Office Partitioning/ Downstairs Build Out SR-29 AmCan Improvements Pass Through (SRTS and TFCA) All other special projects Total $6,200 $5,000 $750 $1,500 $1,280 $3,424 $18,154 Slide 6
Details- Professional Fees/Consulting Services Professional Fees/ Consulting Proposed Funding FY2022-23 FY2023-24 Active Transportation Program- (Bike maps, Outreach & Supplies) 20,000 TDA ADA Management Services (CARE Evaluators) 60,000 60,000 SR2S - OBAG 2/ATP Bike and Ped Counts 10,000 - CMA Bike Plan Updates and Revisions 25,000 - TDA Caltrans Cost Allocation Plan 15,000 - CMA Planning Capital Projects - Project Management/Coordination (various tasks) 300,000 - CMA Planning Carneros Intersection Environmental/Engineering 300,000 - TDA Center for Technology and Environment - ZEB Project Implementation 40,000 - TDA Countywide Transportation Plan 25,000 25,000 ATP/CMA Planning Federal Advocacy Program (Shared with County) 30,000 30,000 FTA Upstairs Office Partitioning/ Ground Floor Office Area 750,000 - TDA Safe Routes To Schools (NCOE/Caltrans) PASS THROUGH 140,000 140,000 STIP Senior Transportation Needs Assessment 200,000 TDA SR 29 Rapid Transit Corridor Study 100,000 - TDA State Advocacy Services- Lobbying Services 52,000 52,000 TDA TCM Program/Center Design/Feasibility Study 100,000 100,000 TDA TIFIA Loan Financial Advisory Services 25,000 - TDA Travel Demand Model Operations and Maintenance (O&M) 25,000 - CMA Planning TFCA Budget *** 500,000 500,000 TFCA V Commute (rideshare services) 25,000 25,000 TDA Website Enhancements/Upgrades 40,000 10,000 TDA ZEB Rollout Plan 25,000 TDA Recruitment/Temp Agency 25,000 20,000 TDA Agency Workplace Coaching/Consulting 5,000 5,000 TDA Vision Zero Plan 300,000 - OBAG Travel Behavior Study - 200,000 OBAG Oxbow Bypass Design and Engineering 100,000 - TDA SR-29/ AmCan Improvements 1,000,000 500,000 MTC Passthrough Funds Imola Corridor Preliminary Engineering and specific plans 50,000 - OBAG SR29/SR 12/Airport Environmental 1,000,000 - OBAG SR29 Improvements/ Napa Forward 1,200,000 5,000,000 STP/OBAG Soscol Junction 3,000,000 2,000,000 Caltrans TOTAL SPECIAL PROJECTS- Professional Fees/Consulting $ 9,487,000 $ 8,667,000 Slide 7
PUBLIC TRANSIT BUDGET Public Transit Funding Sources Public Transit Expenditure Plan Interest .3% Farebox 6% State & Regional 19% Debt Service 1% Overhead, Admin & Mktg 1% Maint: Vehicles, Facilities & Equip 3% Personnel Cost 2% TDA 42% Insurance 3% FTA/Federal 33% Purchase Transportation & Fuel 90% REVENUES (000 s) TDA FTA/ Federal State, Regional & Local Farebox Interest TOTAL EXPENSES (000 s) Purchased Transportation & Fuel Insurance Maint: Vehicles, Facilities & Equip Personnel Overhead, Admin & Marketing Debt Service TOTAL $12,604 $9,736 $5,521 $1,808 $97 $29,766 $26,879 $934 $804 $502 $347 $300 $29,766 10 Slide 8
CAPITAL INVESTMENTS Funding State/Regional 2% TDA 19% Other Funds 28% FTA/Federal 20% TIFIA 31% VEHICLES Vehicle Upgrades 2 Proterra Battery Electric Buses Calistoga Bus Purchase FACILITIES Bus Maintenance Facility Vine Trail- St. Helena to Calistoga Imola Park and Ride Upgrades EQUIPMENT Electronic Signage Equipment Upgrades Slide 11
Cash Flow June 30, 2022 June 30, 2023 11,258,230 (2,500,000) 16,000,000 20,000,000 (43,050,000) June 30, 2024 (10,000,000) 3,000,000 Beginning NVTA Cash Balances Surplus/(Deficit) from above Accounts Payable Increase/(Decrease) Accounts Receivables (Increase)/ Decrease Return of Local Transportation Funding- PT Other Financing Activities (LOC) 4,466,389 3,902,511 3,785,971 (7,532,815) (2,500,000) 5,221,840 (210,000) 34,000 564,898 (85,287) - - (2,500,000) - - - Capital Financing Capital Grants Capital Outlays Other Operating Activities (timing adjustment) Ending Cash Balance 6,000,000 2,000,000 (9,000,000) 4,436,174 5,558,230 5,000,000 4,000,000 3,000,000 5,221,840 4,511,840 Beginning TDA/LTF Balance 4,566,714 10,000,000 2,500,000 (6,245,400) 10,821,314 9,597,282 10,800,000 2,500,000 (9,920,741) 10,088,931 10,088,931 11,500,000 2,500,000 (9,170,800) 15,148,131 Quarterly Receipts LTF Return Quarterly Disbursements Ending TDA Balances Line of Credit Available 5,000,000 5,000,000 5,000,000 TOTAL CASH AVAILABLE TO NVTA 21,379,544 $ 20,310,771 $ 24,659,971 $ Slide 12
QUESTIONS? QUESTIONS? Slide 13
