Adopted Biennial Budget Fiscal Years 2014 and 2015
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SANTA CLARA VALLEY TRANSPORTATION AUTHORITY Adopted Biennial Budget Fiscal Years 2014 and 2015 July 1, 2013 – June 30, 2014 and July 1, 2014 – June 30, 2015 Search Instructions Items in this PDF version of the FY 2014 and FY 2015 Adopted Biennial Budget Book can be found using one of the following methods: 1) Hyperlinks in the Table of Contents. 2) Hyperlinks in the Bookmarks Panel. To show the Bookmarks Panel, click on the Bookmark button in the Navigation Panel on the left of the screen. To show the Navigation Panel, right click and select “Show Navigation Panel Buttons”. 3) Find Function (Ctrl+F). 4) Search function (Shft+Ctrl+F). Please note: in some versions of Adobe Acrobat, it may be necessary to click on the “Arrange Windows” icon in the Search dialogue box for a side-by-side view of the Search dialogue box and the document text. Santa Clara Valley Transportation Authority Santa Clara County, California Adopted Biennial Budget Fiscal Years 2014 and 2015 Adopted by the Board of Directors June 6, 2013 ABOUT VTA The Santa Clara Valley Transportation Authority (VTA) is an independent special district responsible for bus and light rail operation, regional commuter and inter-city rail service, Americans with Disabilities Act (ADA) paratransit service, congestion management, specific highway improvement projects, and countywide transportation planning. As such, VTA is both an accessible transit provider and a multi- modal transportation planning and implementation organization involved with transit, roadways, bikeways, and pedestrian facilities. VTA provides services to cities throughout Santa Clara County including Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga, and Sunnyvale. The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to Santa Clara Valley Transportation Authority for its biennial budget for the biennium beginning July 1, 2011. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device. This award is valid for a period of two years only. We believe our current budget continues to conform to program requirements, and we are submitting it to GFOA to determine its eligibility for another award. VTA FY 2014 & FY 2015 ADOPTED BIENNIAL BUDGET Table of Contents Message from the General Manager ........................................................................................... 1 Budget Guide & Document Organization .................................................................................. 4 SECTION 1 - INTRODUCTION TO VTA Organization Overview Organization Profile ................................................................................................ 7 Board of Directors................................................................................................... 8 Organization Structure .......................................................................................... 13 Vision/Mission/Values .......................................................................................... 15 Strategic Plan Goals .............................................................................................. 17 Long-Range Planning ........................................................................................... 19 Funded Programs .................................................................................................. 20 Appropriation Summary ....................................................................................... 24 Budget Development Process Operating Budget: Development Process ............................................................................... 25 Calendar ................................................................................................... 27 Capital Budget: Development Process ............................................................................... 29 Calendar ................................................................................................... 31 Amendment & Transfer Process ....................................................................................... 32 Budget Resolution ............................................................................................................. 33 SECTION 2 – VTA TRANSIT Operating Overview ............................................................................................................... 37 Operating Budget Assumptions ............................................................................ 41 Comparison of Revenues and Expenses Schedule................................................ 52 Sources and Uses of Funds Summary ................................................................... 55 Division Budgets: Division Budget Summary Table .............................................................. 56 Office of the General Manager ................................................................. 57 Auditor General ........................................................................................ 59 Office of the General Counsel .................................................................. 60 Administrative Services ............................................................................ 63 Congestion Management .......................................................................... 70 Engineering & Construction ..................................................................... 75 External Affairs ......................................................................................... 80 i VTA FY 2014 & FY 2015 ADOPTED BIENNIAL BUDGET Fiscal Resources........................................................................................ 86 Operations ................................................................................................. 92 SVRT ...................................................................................................... 101 Non-Departmental ................................................................................... 104 Capital Program Overview .............................................................................................. 105 Schedule of FY 2014 and FY 2015 Appropriation ............................................. 107 Description of FY 2014 and FY 2015 Appropriated Projects ............................ 109 Schedule of Total Available Appropriation ........................................................ 125 Debt Service Detail Debt Policy Overview ......................................................................................... 131 Debt Service Schedules....................................................................................... 132 Overview of Outstanding Debt Issues ................................................................ 133 SECTION 3 – 2000 MEASURE A TRANSIT IMPROVEMENT PROGRAM Program Overview Operating Operating Budget Assumptions .......................................................................... 136 Comparison of Revenues and Expenses Schedule.............................................. 138 Sources and Uses of Funds Summary ................................................................. 139 Capital Capital Budget Assumptions............................................................................... 140 Schedule of FY 2014 and FY 2015 Appropriation ............................................. 141 Description of FY 2014 and FY 2015 Appropriated Projects ............................ 142 Schedule of Total Available Appropriation ........................................................ 148 Debt Service Detail Debt Policy Overview ......................................................................................... 151 Debt Service Schedules....................................................................................... 152 Overview of Outstanding Debt Issues ................................................................ 153 SECTION 4 - CONGESTION MANAGEMENT PROGRAM Program Overview .......................................................................................................... 155 Comparison of Revenues and Expenses Schedule.......................................................... 157 Sources and Uses of Funds Summary ............................................................................. 159 Member Assessments...................................................................................................... 160 SECTION 5 - VTP HIGHWAY IMPROVEMENT PROGRAM Program Overview .......................................................................................................... 161 Schedule of FY 2014 and FY 2015 Appropriation ......................................................... 162 ii VTA FY 2014 & FY 2015 ADOPTED BIENNIAL BUDGET Description of FY 2014 and FY 2015 Appropriated Projects ........................................ 163 Schedule of Total Available Appropriation .................................................................... 169 SECTION 6 - MISCELLANEOUS PROGRAMS Joint Development Program Program Overview .............................................................................................. 173 Comparison of Revenues and Expenses Schedule.............................................. 174 Sources and Uses of Funds