ATTACHMENT 4-1
ATTACHMENT 4 – PROPOSED CHANGES TO THE VEHICLE SERVICE HOUR RATES
Revenue Hour are the hours traveled when the vehicle is in revenue service (i.e., the time when a vehicle is available to the general public and there is an expectation of carrying passengers). 1
CURRENT: Contractor Compensation for Tier 1 Hours
Year 1 Year 2 Year 3 Optional
Year 4
Optional
Year 5
Year 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cost per Revenue Hour $71.87 $75.04 $75.84 $77.65 $80.14 Estimated Annual Revenue
Hours 22,000 22,000 22,000 22,000 22,000
Total Projected Annual
Revenue $1,581,140 $1,650,880 $1,668,480 $1,708,300 $1,763,080
Contractor Compensation for Tier 2 Hours
Year 1 Year 2 Year 3 Optional
Year 4
Optional
Year 5
Year 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cost per Revenue Hour $103.73 $107.37 $111.08 $115.33 $119.79 Estimated Annual Revenue
Hours 3,120 3,120 3,120 3,120 3,120
Total Projected Annual
Revenue $323,638 $334,994 $346,570 $359,830 $373,745
PROPOSED: Contractor Compensation for Tier 1 Hours
Year 1 Year 2 Year 3 Optional
Year 4
Optional
Year 5
Year 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cost per Revenue Hour X $85.00 $91.26 $99.15 $104.86
Estimated Annual Revenue
Hours X 21,000 21,000 21,000 21,000
Total Projected Annual
Revenue X $1,785,000 $1,916,460 $2,082,150 $2,202,060
Proposed New Cost to the City
(Only Pink and Orange Routes) $33,530 $247,980 $373,850 $438,980 Proposed New Cost to the City
(Pink, Orange, and New Green Routes) X $512,279
(trial period)
PROPOSED: Contractor Compensation for Tier 2 Hours
Year 1 Year 2 Year 3 Optional
Year 4
Optional
Year 5
Year 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cost per Revenue Hour X $109.32 $112.08 $129.35 $137.69 Estimated Annual Revenue
Hours X 3,120 3,120 3,120 3,120
Total Projected Annual
Revenue X $341,078 $349,690 $403,572 $429,593
Proposed New Cost to the City
(Pink Route) $1,521 $3,120 $43,742 $55,847
1 Definition from the American Public Transportation Association (APTA).