2024 Final Budget
PBID Revenue Assumptions/Details
PBID Revenue 4,607,835 Calculated based on 3% increase from prior year budget District Related Costs (102,833) 1.7% of assessment to County Assessor + $24,500 to City for legal and administrative fees.
Net PBID 4,505,002
Non-PBID Revenue
City of Emeryville - General Benefit Contribution 609,273 12.29% of EGR Operating Budget, per PBID Mgmt Plan. Does not include expenses derived from Reimbursable Shuttle Programs
ETMA Direct Billed Revenue 115,360
8 to Go Revenue 143,615 8 to Go Expenditures + $800/month for Mgmt WBS Revenue 339,594 WBS Expenditures + $1245/mo for Mgmt + 15% Ind. Cost Markup Emery Express Revenue 332,144 EE Expenditures + $1320/mo for Mgmt + 20% Ind. Cost Markup Misc. Revenue (Interest income, investments, etc.) 215,338 $1.75 million invested in 7-month CD with 4.7 APY $1.75 million invested in 13-month CD with 4.7% APY
Subtotal Non-PBID Revenues 1,755,324 TOTAL REVENUE 6,260,326 Direct Costs Assumptions/Details
EGR Operations 2,725,819 Estimated based on MV 2024 pricing and rates EGR Maintenance 102,280 Parts and Outside Services only. Labor incuded in EGR Operations EGR Fuel 240,000 Reduced to reflect actual fuel trends while maintaing margin for cost fluctuation
EGR Communications 101,569 Radio, Phones, TripShot w/ APC Integration EGR Misc. Operations Expenses 10,000
EGR Bus Leases/Purchases 500,000
Subtotal Direct Costs 3,679,668
Reimbursable Program Costs
8 to Go Operations 134,015 Operations, Radio, Cell Phone, Fuel (AC Transit) West Berkeley Shuttle Operations 280,359 Operations, Radio, RTTS, Website Domain Emery Express Operations 260,947 Operations, Radio, Fuel (MV) Subtotal Reimbursable Program Costs 675,321
Indirect Costs
Professional Services 510,000 Agency Mgmt/Executive Director, Legal, Accounting, Audit, etc.
Occupancy (Facilities related expenses) 527,000
TMA Insurance 60,801
Conferences, Meetings, Office Expenses 10,000
Membership & Public Outreach 10,000
Pilot Projects & Research 25,000
Bus Yard - Subtotal Indirect Costs 1,142,801
Contingency 135,000
TOTAL ETMA BUDGET/EXPENSES 5,632,791
TOTAL EGR BUDGET/EXPENSES 4,957,470
Estimated Balance/Overrun 627,535 Reserve Balance Summary (2023) 2024 Budget Carryover Reserve Balance (as of Jan 1, 2023) 4,226,007 2023 Estimated Balance 989,295
Projected Cash Balance on Dec 31, 2023 5,215,302
2023 Projected Balance 627,535
Total Projected Cash Balance on Dec 31, 2024 5,842,837
15% Operating Reserve (per ETMA Policy) 743,620
Estimated Available Cash Balance on Dec 31, 2023 5,099,217
REVENUE
EXPENDITURES
Reimbursable Shuttle Programs 2024 Budget
2024 Budgeted
Revenue Assumptions/Details
REVENUE 339,594
EXPENDITURES
Shuttle Operations 274,137
Professional Services 14,940 Mgmt Fees set at fixed $1,245/month Communications 839
Website 60
Real-Time Tracking 5,324 WBS is looking to engage TripShot at an annual $5,324 Subtotal Direct Costs 295,299 $280,359 in incurred expenses. See note below Indirect Costs (15%) 44,295 Rent, insurance, facility expenses, accounting services, etc.
TOTAL EXPENDITURES 339,594
2024 Budgeted
Revenue Assumptions/Details
REVENUE 143,615
EXPENDITURES
Shuttle Operations 125,656
Shuttle Maintenance 2,100
Professional Services 10,508 Mgmt Fees set at fixed $800/month + Est. $908 for accounting fees Fuel 4,393
Communications 959
TOTAL EXPENDITURES 143,615 $134,015 in incurred expenses. See note below 2024 Budgeted
Revenue Assumptions/Details
REVENUE 332,144
EXPENDITURES
Shuttle Operations 247,251 Based on 7 operating hours per day Professional Services 15,840 Mgmt Fees set at fixed $1,320/month Fuel 12,857
Communications 839
Subtotal - Direct Costs 276,787 $260,947 in incurred expenses. See note below Indirect Costs (20%) 55,357 Rent, insurance, facility expenses, accounting services, etc.
TOTAL EXPENDITURES 332,144
West Berkeley Shuttle
8 to Go
Quarterra (Lennar) - The Emery Express
Reimbursable Program management is built into ALTRANS' flat monthly fees for ETMA management. As such, while the Reimbursable Program stakeholders will be charged the above management costs, the ETMA will not be billed separately for these charges.