FY2015 Capital Budget Amendment Overview

Wednesday, February 11, 2015

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Proposed Capital Budget Amendment

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DescriptionProposed Amount

Funding Source

Rail cars $ 4,000,000 TxDOT grant

Downtown station Improvements $ 507,000 TxDOT grant

Project carryover fundsfrom FY2014 $ 1,839,904 Fund balance

Total proposed amendment $ 6,346,904

• Chapter 451 of the Texas Transportation Code permits the Board of Directors to amend the budget after public notice and a hearing.

• The table below provides a summary of the proposed capital budget amendment, followed by additional background information in subsequent slides.

TxDOT Rail Projects• On June, 26, 2014, TxDOT approved the award of $50 million

to Capital Metro for:– Purchase of new rail cars for MetroRail service– Construction of a permanent and larger rail station in downtown Austin

• In January 2015, these funds paid to Capital Metro• Proposed budget amendment includes funding for FY2015

estimated project spending:– Rail cars $4,000,000– Downtown station improvements $ 507,000

• Staff also recommends updating Five-Year Capital Plan to reflect estimated project spending in outer years:

Rail Cars Downtown Station– FY2016 $ 20,580,000 $ 2,400,000– FY2017 $ 3,220,000 $ 13,300,000– FY2018 $ -0- $ 5,793,000

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Carryover Funds

• Under current practice, project managers forecast

expenses for capital projects each fiscal year.

• At the close of each fiscal year, forecasted expenses are

reconciled to actual expenses.

• This reconciliation resulted in $1.8 million of carryover

funds from FY2014 to FY2015.

– Continuation of 40 capital projects previously approved

• The $1.8 million will be funded from fund balance.

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Capital Budget Amendment Details

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Project Type FY2015

Original Budget Proposed Budget

Amendment

FY2015 Amended

BudgetBus Benches Facilities 100,000 2,262 102,262 Bus Shelters Facilities 125,000 46,027 171,027 Bus Stop Accessibility Improvements Facilities 1,855,550 1,124,440 2,979,990 Bus Stop Litter Containers Facilities 100,000 3,594 103,594 Bus Stop Signage Facilities 791,769 (98,728) 693,041 Digital Clocks for Techridge Park & Ride Facilities - 35,000 35,000 Fitness Equipment Facilities 13,747 (1,074) 12,673 Fuel System Upgrade Facilities 35,000 (2,598) 32,402 Headquarters Facility - Shop Lighting Facilities 133,956 (45,578) 88,378 MetroBike Shelters Facilities - 55,000 55,000 MetroBike Shelters Facilities - 150,000 150,000 North Lamar Transit Center Facility Enhancements Facilities - 250,000 250,000 Oakhill Park and Ride Replacement Facilities - 140,329 140,329 Rail Maintenance Building Drainage Facilities - 45,000 45,000 Rail Maintenance Building Ventilation System Facilities - 45,000 45,000 Video Development Equipment Facilities 45,000 (31,159) 13,841 Financial System IT 2,313,489 726,737 3,040,226 Intelligent Transportation Systems (ITS) Project IT 7,656,938 (685,362) 6,971,576 Interactive Voice Response (IVR) System Replacement IT 699,066 (259,511) 439,556 IT Infrastructure Equipment IT 300,000 16,141 316,141 Network Upgrades IT 350,000 5,111 355,111 OrbCAD Test System IT 75,000 16,479 91,479 Productivity Software IT 214,199 143,544 357,743 Risk Management System IT - 46,850 46,850 ServiceNow System IT - 44,952 44,952 MetroRapid Dedicated Transit Lane MetroRapid - 50,000 50,000 MetroRapid Project MetroRapid 11,566,018 (1,935,497) 9,630,521 Crossings Improvements Reimbursed by TxDOT Rail 105,757 480,000 585,757 East End Rail Track Rehabilitation - 90 LB Rail 639,994 (5,668) 634,326 Positive Train Control Rail 2,095,226 (19,707) 2,075,519 Private Crossing Signalization at MP 69.04 Rail 200,000 (100,000) 100,000 Railroad Bridge Repair/Upgrade Rail 383,021 43,740 426,761 Saltillo Track Relocation Rail 4,217,707 878,291 5,095,998 Tiger Grant Project Rail 3,262,443 59,960 3,322,403 Rail Cars Funded by TxDOT Rail 200,000 4,000,000 4,200,000 Downtown Station Improvements Funded by TxDOT Rail - 507,000 507,000 Diesel Multiple Unit (DMU) Security Cameras Upgrade Security 163,620 (16,184) 147,436 Security Camera Software Replacement Security - 16,293 16,293 High-Rail Vehicles Vehicles - 13,710 13,710 ITS equipment and Dynamic Message Signs Vehicle Spare Parts Vehicles 100,000 150,000 250,000 Paratransit Vehicle Replacement Vehicles 375,000 (44,764) 330,236 Radio Communication System Replacement Vehicles 650,000 497,276 1,147,276 Total 38,767,500 6,346,904 45,114,404

Budget Amendment Calendar

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• Feb 1 Public hearing notice published• Feb 11 Finance & Audit Committee review• Feb 11 Public hearing at noon• Feb 23 Board of Directors consideration

Questions

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