Ventura County Transportation Commission Fiscal Year 2018/2019 Budget Details
Explore the detailed breakdown of the Ventura County Transportation Commission's Fiscal Year 2018/2019 budget, including revenue sources, budgeted expenditures by program, personnel costs, and significant changes from the draft budget. Gain insights into the allocation of funds for transit, transportation, planning, programming, rail, and more.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
VENTURA COUNTY TRANSPORTATION COMMISSION FISCAL YEAR 2018/2019 BUDGET JUNE 1, 2018 1
VCTC Budget Fiscal Year 2018/2019 2
Fiscal Year 2018/2019 Budget Final Budget of $74,708,483 $4.4 million increase from the April Draft budget Revenue Sources Local & Other 6% Federal 28% State 66% 3
Budgeted Expenditures by Program General Government 1% Transit and Transportation 31% Planning and Programming 46% Highway 7% Rail 14% Commuter Assistance 1% Fiscal Year 2016/2017 Actual Fiscal Year 2017/2018 Budget Fiscal Year 2018/2019 Budget % of Program Budget Categories Change Transit and Transportation Highway Rail Commuter Assistance Planning and Programming General Government Total Program Budget 16,260,946 497,394 6,202,886 478,290 31,686,170 1,320,673 56,446,359 22,458,350 1,605,100 6,310,984 691,400 32,558,632 4,893,001 68,517,467 23,353,000 5,374,200 10,181,127 539,300 34,163,956 1,096,900 74,708,483 4.0% 234.8% 61.3% -22.0% 4.9% -77.6% 9.0% 4
Personnel Costs Salaries and Benefits = $3,066,900 or 4.1% of budget 21 full-time employees Conversion of analyst position to manager position Proposed 2.5% COLA for staff Retirement Pension and Taxes $435,900 >1% Worker's Compensation Insurance $13,600 >1% Retirement Health Insurance $108,000 >1% Wages $2,081,700 3% Employee Insurance $427,700 >1% Expenses w/o Personnel $71,641,583 96% 5
Transit and Transportation Significant Changes from Draft Budget Transit Grant Administration New FTA pass-through projects +$3.7 million VCTC Intercity Services Service adjustments and fare reduction -$0.5 million 6
Rail Significant Changes from Draft Budget Metrolink Operational and Capital Rehabilitation adjustments +$0.2 million 7
Planning and Programming Significant Changes from Draft Budget Regional Transit New College Pass Pilot Program +$0.5 million Transportation Development Act +$0.4 million Gold Coast Transit District Camarillo Fillmore Moorpark Santa Paula Simi Valley Thousand Oaks $212,307 $ 71,882 $ 3,553 $ 8,251 $ 6,936 $ 68,539 $ 69,317 8
Where We End Up Estimated $13.4 million Total Fund Balance (after reserve adjustment) Available for general use General Fund $ 44,764 Restricted Fund Balances LTF STA SAFE $ 57,613 $ 10,321,900 $ 3,035,125 $74.7 million budget that is balanced and sustainable* *Assuming SB 1 remains in place. 9
VENTURA COUNTY TRANSPORTATION COMMISSION FISCAL YEAR 2018/2019 BUDGET JUNE 1, 2018 11
