09 DRAFT 10-YR program Tentative Budget

FY 2024 Tentative Budget &
10-Year Transportation Program Draft
June 1, 2023

2
Overview
• Financial Forecast
• FY2024 Transportation Tentative Budget 
–Operating Budget
–Capital Improvement Program
• 10-Year Transportation Program Summary

3
FY 2024 FINANCIAL FORECAST
FY23
FY24 
Revised Est
% change
City Sales Tax
43,943,026
$ 
44,212,150
$  
0.6%
Transit Revenue
92,484
$          
92,484
$          
0.0%
Interest
291,270
$       
276,707
$        
-5.0%
Other Revenue
548,057
$       
548,057
$        
0.0%
Miscellaneous
954,096
$       
954,096
$        
0.0%
Veterans Community Project 
-
$                
3,844,763
$    
n/a
45,828,934
$ 
49,928,257
$  
8.9%

4
• Financial Factors
FY 2024 FINANCIAL FORECAST
Categories
YR 1 *
YR 2-10 Av.
Salaries
8.7%
5%
Overtime
8.7%
5%
Temp Pay
8.7%
5%
Benefits
8.7%
5%
Retirement
8.7%
5%
Supplies and Contracts
10.0%
5%
City of Phoenix Fixed Route Contract
9.0%
9%
Valley Metro Regional ADA Agreement
9.0%
9%
Utilities
10.0%
5%
Vehicle Maintenance & Fuel
10.0%
5%
Work Order Credits
2.0%
2%
Risk Mgt., Workers' Comp.
10.0%
5%
Technology Projects
10.0%
5%
Technology Premiums
8.7%
5%
*Tentative Budget

5
FY 2024 OVERALL BUDGET
Operating, 
$17.86, 
36%
Capital, $23.82, 49%
Debt Service, $6.70, 
14%
Indirect Charges, 
$.64, 1%
TOTAL: $49.02
(In Millions of Dollars)

6
FY 2024 OPERATING BUDGET
Transit, $11.16, 44%
Transp. 
Systems 
Mngmt, 
$1.33, 5%
Right of 
Way, $1.06, 
4%
Streets, $.97, 4%
Other, $3.34, 13%
Indirect Charges, 
$.64, 3%
Debt Service, $6.70, 
27%
TOTAL: $25.19
Including Debt Service & 
Indirect Charges
(In Millions of Dollars)

7
FY 2024 CAPITAL BUDGET
Aviation, $.55, 2%
Streets & Highway, 
$19.64, 82%
Bicyle & 
Pedestrian, 
$.89, 4%
Transp. 
Systems 
Mngmt, 
$.85, 4%
Transit, $.54, 2%
Other, $1.35, 6%
TOTAL: $23.82
(In Millions of Dollars)

8
FY2024-33 CAPTIAL PROGRAM
FUND 
FY24
FY25
FY26
FY27
FY28
FY29-33
Total:
4030 Sales Tax:
$10.35
$5.56
$6.79
$5.26
$3.48
$17.69
$49.15
2070 Sales Tax Op
(Pavement Management) $13.47
$14.21
$14.91
$15.64
$16.41
$94.97
$169.62
Total:
$23.82
$19.77
$21.70
$20.90
$19.89
$112.66
$218.77
(In Millions of Dollars)

9
10-YR TRANSPORTATION PROGRAM
Operating, 
$263.08, 48%
Capital, 
$218.78, 40%
Debt Service, 
$60.81, 11%
Indirect 
Charges, 
$8.39, 1%
TOTAL: $551.06
(In Millions of Dollars)

10
PROGRAM REVENUE VS EXPENSE
REVENUE FORECAST: $559 M
EXPENSE: $551 M
REMAINING BALANCE: $8 M
FUND BALANCE POLICY: $4.8 M
AFTER 10% FB POLICY: $3.2 M
$559M
$551M
$0M
$100M
$200M
$300M
$400M
$500M
$600M
Revenue Forecast
Expense

11
Questions