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FTC WorkshopJuly 25, 2007

FTC WorkshopJuly 25, 2007

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SECRETARY

Legislative Programs

Administrator

Assistant Secretary Engineering &

OperationsDistricts 1 - 7

General Counsel Inspector General

Assistant Secretary Intermodal Systems

Development

TransportationCommission

Federal Programs Administrator

Public Information Administrator

Assistant Secretary Finance &

Administration

GOVERNOR

Florida’s Turnpike

FDOT Organization ChartFDOT Organization Chart

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Planning & Production

Highway Operations

Toll Operations

Business Development & Concessions Management

Financial Planning

Financial Reporting

Financial Services

Work Program

Executive DirectorChief Executive Officer

General Counsel

Deputy Executive DirectorChief Operating Officer

Secretary

GovernorTransportationCommission

FHP Troop K

Government Affairs

Enterprise Organization ChartEnterprise Organization Chart

Deputy Executive DirectorChief Financial Officer

Contractual Services

Administration

Communications & Marketing

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Common MissionCommon Mission

To provide leadership in meeting Florida’s transportation needs through policy guidance on issues of statewide importance and maintaining public accountability for the Department of Transportation

To help meet the State’s growing transportation needs, ensuring value to customers, protecting investors and managing the Turnpike System in a business-like manner

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100%In-house

100%Privatized

10% In-house 49490% Privatized 4,230

4,724

MODEL 1 MODEL 2

FTE MODEL

Management StructureManagement Structure

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Martin Petroleum Corp.

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GARCON POINTBRIDGE

MID-BAY BRIDGE

WESTERN BELTWAY, PART C

SUNCOAST PARKWAY

VETERANS EXPRESSWAY

CROSSTOWN EXPRESSWAY

PINELLAS BAYWAY SYSTEM

SUNSHINE SKYWAY BRIDGE

ALLIGATOR ALLEY

POLK PARKWAY

SOUTHERN CONNECTOR EXTENSION

NORTHERN COIN SYSTEM

SEMINOLE EXPRESSWAY

BEACHLINE EAST EXPRESSWAY

BEACHLINE WEST EXPRESSWAY

TICKET SYSTEM

SOUTHERN COINSYSTEM

SAWGRASSEXPRESSWAY

HOMESTEAD EXTENSION

OF FLORIDA’S TURNPIKE

460 miles125 miles21 miles

606 milesFlorida’s Turnpike SystemOther FDOT OwnedOther FDOT Operated

SP

SP

SP

SP

SP

SP

SP

SP

SP Service Plaza

Turnpike EnterpriseTurnpike Enterprise

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Gross RevenuesGross Revenues

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

2006 2007 2008 2009 2010 2011 2012

In M

illio

ns

Mainline Expansion Concession

ActualForecasted

Supports $5.0B Work

Program

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• 2 million customers a day

• 2nd largest nationally (based on revenues)

• Highest rated turnpike in nation

AA-Aa2 AA-

Florida’s Turnpike TodayFlorida’s Turnpike Today

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• Transponders sold:3.1 million

• Current participation: 65%

• Customers recommend purchasing SunPass: 94%

SunPass TodaySunPass Today

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Amount Outstanding

Bond Cap LegislationBond Cap Legislation

DEFINITION Amount Issued

BOND CAP $4.5B $10.0B

$2.4BOutstanding

Increased

Changed

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Toll Indexing LegislationToll Indexing Legislation

• HB 985 indexed toll rates− CPI or other inflation factor− Frequency

At least every 5 yearsNo more than annually

14¢ per mileToll in Today’s $

2¢ per mileToll in 1957

6.0¢ SunPass7.5¢ Cash

ACTUAL PER MILE

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Oversight & Performance MonitoringOversight & Performance Monitoring

• Advises in development of performance measures and standards

• Independently verifies performance

Department Central Office and Inspector General

• Licensed Florida CPA• 126 staff• Monitors internal controls over financial reporting • Develops performance measures (CUTR)• Reports performance measure results

Turnpike Chief Financial OfficerInternal

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Oversight & Performance MonitoringOversight & Performance Monitoring

• Evaluates performance to determine creditworthinessRating Agencies

• Audits financial data annuallyIndependent Auditor (Deloitte & Touche)

• Monitors performance and production standards• Recommends process improvements

Florida Transportation CommissionExternal

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Performance MeasuresPerformance Measures

• FTC− Turnpike Specific

SunPass ParticipationCost per TransactionToll Collection Efficiency

− FDOTMaintenance Condition RatingLong Range Program Plan

• Construction Contract Lettings• Bridge Lettings• Over 60 measures (total)

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Additional Performance MeasuresAdditional Performance Measures

Staff Speed SoundnessServiceSafety

Average time to clear accidents

Customer satisfaction

FDOT Employee Survey

Contracts executed versus planned

Debt coverage ratio

Fatality Rate Call center standards

Turnpike Employee Survey

Service plaza customer satisfaction

Projects < 110% budget

Projects completed < 120% schedule

Balanced Finance Plan

Revenue Growth

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Turnpike Ethics PolicyTurnpike Ethics Policy

Code of Ethics (F.S. 112.311)FDOT Ethics Policy

• Conflicts of Interest

• Acceptance of Gifts

• Misuse of Public Position

• Lobbyist Activities

• Public Trust

• Open Government