2023 Preliminary Budget
EMERY GO-ROUND
Revenue Anticipated Anticipated Anticipated
Revenue Revenue Revenue
PBID Revenue (0% Increase) (3% Increase) (5% Increase) Notes PBID Revenue 4,343,798 4,474,112 4,560,988
District Related Costs (98,345) (100,560) (102,037)
1.7% of assessment to County Assessor + $24,500 to City for legal and administrative fees.
Net PBID 4,245,453 4,373,552 4,458,951
Non-PBID Revenue
City of Emeryville - General Benefit Contribution
634,164 634,164 634,164
Assumed 12.29% of Total Budget.
City of Emeryville - Emery Go Round Bus Yard (CIP) - - - ETMA Billed Revenue 109,578 112,865 115,057
BGTMA Revenue 40,000 40,000 40,000
Misc. Revenue (Charter services, interest income, etc.) 3,000 3,000 3,000 Subtotal Non-PBID Revenues 786,742 790,029 792,221
Total Revenue 5,032,195 5,163,581 5,251,172
2023
Expenditures Estimated Proposed Proposed
Direct Costs Expenditures Expenditures Expenditures ASSUMPTIONS Bus Leases/Purchases 500,000 Potential acquisition and financing of EV's.
Bus Maintenance 290,000
Operations Contract 2,600,000 Assume level of service remains as it is in 2022.
Fuel 360,000
Communications 55,000 Annual fees for real-time tracking system, driver radios & automated passenger counter's.
Miscellaneous Operating Costs 10,000 Route guides, bus stop sign replacements, rider alert postings, etc.
Subtotal Direct Costs 3,815,000 - -
Indirect Costs
Professional Services 575,000 Includes all management, accounting, website & legal service contracts.
Occupancy (Facilities related expenses) 495,000 Site lease, on-site security, video monitoring, utilites, yard maintenance expenses.
Membership & Public Outreach Materials 10,000 Annual Report, Annual Membership Meeting Invitations & Rider Satisfaction Survey.
Pilot Projects and Research 25,000 Allowance for implementation of new transit enhancements.
TMA Insurance 50,000 Commercial, Directors & Officers, Excess Liability & Property Coverage.
Conferences, Meetings, Office Expenses 10,000 Shuttle Operations Workshop, office equipment and expenses, etc.
Subtotal Indirect Costs 1,165,000 - -
Contingency 180,000 Anticipate potential cost overruns due to rising fuel costs and other operating cost increases.
Subtotal Other Costs 180,000
TOTAL BUDGET/EXPENSES 5,160,000 - -
Estimated Balance/Overrun (127,805) 3,581 91,172
Reserve Balance Summary (2022) 0% Increase 3% Increase 5% Increase Projected Cash Balance on Dec 31, 2022 $ 3,644,920 $ 3,644,920 $ 3,644,920 2023 Projected Balance $ (127,805) $ 3,581 $ 91,172
Total Projected Cash Balance on Dec 31, 2023 $ 3,517,115 $ 3,648,501 $ 3,736,092 15% Operating Reserve (per ETMA Policy) $ 774,000 $ 774,000 $ 774,000 Total Available Cash Balance on December 31, 2023 $ 2,743,115 $ 2,874,501 $ 2,962,092 2023
2022-2023 Budget Comparison
EMERY GO-ROUND 2022 2023
Revenue Budgeted Budgeted
Revenue Revenue % Difference
PBID Revenue Notes
PBID Revenue 4,343,798 4,474,112 3% Increase per PBID Levy increase recommendation.
District Related Costs (98,345) (100,560) 2%
1.7% of assessment to County Assessor + $24,500 to City for legal and administrative fees.
Net PBID 4,245,453 4,373,552 3%
Non-PBID Revenue
City of Emeryville - General Benefit Contribution
564,726 634,164 12%
Increase relative to the budget increase in operating
expenditures below.
City of Emeryville - Emery Go Round Bus Yard (CIP) - - N/A ETMA Billed Revenue 109,578 112,865 3%
BGTMA Revenue 20,000 40,000 100%
Misc. Revenue (Charter services, interest income, etc.) 3,000 3,000 0% Subtotal Non-PBID Revenues 697,304 790,029 13%
Total Revenue 4,942,757 5,163,581 4%
2022 2023
Expenditures Budgeted Budgeted %
Direct Costs Expenditures Expenditures Difference ASSUMPTIONS Bus Leases/Purchases 500,000 500,000 0%
Bus Maintenance 300,000 290,000 -3% 2023 forecast is based on current trends in maintenance costs.
Operations Contract 2,420,000 2,600,000 7% Anticipate operating cost increases as a result of competitive bid process in 2023.
Fuel 325,000 360,000 11% 2023 forecast is based on current trends and anticipated increases in fuel pricing. Additional contingency is included below.
Communications 55,000 55,000 0%
Miscellaneous Operating Costs 5,000 10,000 100% Anticipate refreshening of EGR Bus stop signage, where needed & development/printing of new route guides.
Subtotal Direct Costs 3,605,000 3,815,000 6%
Indirect Costs
Professional Services 550,000 575,000 5% Includes annual rate increases for professional service contracts.
Occupancy (Facilities related expenses) 365,000 495,000 36% Increase is due to the need for continued on-site security at the EGR ops facility. Annual cost for security is $270k.
Membership & Public Outreach Materials 15,000 10,000 -33% Reduced budget based on historical costs trends.
Pilot Projects and Research 25,000 25,000 0%
TMA Insurance 25,000 50,000 100% Increase is due to new excess liability policy required to meet CGL requirements in Caltrans lease agreement.
Conferences, Meetings, Office Expenses 10,000 10,000 0% Subtotal Indirect Costs 990,000 1,165,000 18%
Contingency - 180,000 Anticipate potential cost overruns due to rising fuel costs and other operating cost increases.
Subtotal Other Costs - 180,000 #DIV/0!
Total TMA Operating Budget/Expenses 4,595,000 5,160,000 12% ETMA Replenishment to Cash Reserve 347,757 - -100%
Total Contingency 347,757 - -100%
TOTAL BUDGET/EXPENSES 4,942,757 5,160,000 4%
Estimated Balance/Overrun (0) 3,581