Fiscal Year 2019-20 Proposed Budget
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SOUTHERN CALIFORNIA REGIONAL RAIL AUTHORITY FISCAL YEAR 2019-20 PROPOSED BUDGET Including Forecast for FY2020-21 thru FY2023-24 For Board Consideration & Public Comment Final Adopted Budget will be available 60 days after Board Adoption Los Angeles County Metropolitan Transportation Authority Orange County Transportation Authority Riverside County Transportation Commission San Bernardino County Transportation Authority Ventura County Transportation Commission June 28, 2019 1 This page intentionally left blank June 28, 2019 2 SOUTHERN CALIFORNIA REGIONAL RAIL AUTHORITY FY2019-20 BUDGET TABLE OF CONTENTS SECTION 1: Executive Summary ....................................................................... 11 1.1 A Message from the Chief Executive Officer – To be added ............ 11 1.2 Introduction – To be added .............................................................. 11 1.3 Metrolink in Perspective – To be added ........................................... 11 1.4 Metrolink in Comparison – To be added .......................................... 11 1.5 Accomplishments in FY2018-19 – To be added ............................... 11 1.6 Objectives for FY2019-20 ................................................................ 11 1.7 FY2019-20 Budget in Brief ............................................................... 12 1.8 Key FY2019-20Budget Information .................................................. 12 1.9 The FY2019-20 Operational Budget Statistics ................................. 13 1.10 Administrative Requirements ........................................................... 13 1.11 Budget Development and Assumptions ........................................... 14 1.12 Summary of Operating Revenues and Subsidy Funding ................. 14 1.13 Summary of Operating Expenses .................................................... 15 1.14 Summary of Capital Program ........................................................... 15 1.15 Exhibits ............................................................................................ 17 Exhibit 1.1: Metrolink Systemwide Map ................................................ 17 SECTION 2: Introduction to the Budget .............................................................. 21 2.1 Mission Statement ............................................................................ 21 2.2 Board Governance ........................................................................... 22 2.3 SCRRA Background ........................................................................ 25 SECTION 3: Budget Summary ........................................................................... 29 3.1 Budget Policy ................................................................................... 29 3.1.1 Budget Authorization .......................................................... 29 3.1.2 Budgetary Control and Reporting ....................................... 30 3.1.3 Accounting Methodology .................................................... 31 3.1.4 Budget Assumptions / New in FY2019-20 .......................... 32 3.2 Total Operating Budget .................................................................... 33 3.3 Operating Revenues and Subsidy Funding ...................................... 34 June 28, 2019 3 3.4 Operating Expenses ......................................................................... 34 3.5 Capital Program ............................................................................... 34 3.6 Summary of the Total FY2019-20 Budget ........................................ 35 3.7 Exhibits ............................................................................................ 35 Exhibit 3.1a Summary of FY2017-18 to FY2019-20 Statistics by Line ... 39 Exhibit 3.1b Summary of FY2017-18 to FY2019-20 Statistics by Line ... 40 Exhibit 3.1c Summary of FY2017-18 to FY2019-20 Statistics by Line ... 41 Exhibit 3.1d Summary of FY2017-18 to FY2019-20 Statistics by Line ... 42 Exhibit 3.2 Operating Expense, Revenues and Operating Subsidy ..... 43 Exhibit 3.3 Train Miles, Fares and Average Weekday Ridership ......... 44 Exhibit 3.4 Revenue Recovery, Farebox Recovery and Operating Expense per Train Mile .......................................................................... 45 Exhibit 3.5 Operating Expense per Passenger Mile, Operating Subsidy per Rider and Operating Subsidy per Passenger Mile ........................... 46 Exhibit 3.6 FY2015-16 to FY2019-20 Annual Operating Budget by Cost Component by Fiscal Year ............................................................ 47 Exhibit 3.7 FY2019-20 Annual Operating Budget by Cost Component by Member Agency ................................................................................ 48 Exhibit 3.8 FY2019-20 Annual Operating Budget by Cost Component by Line ………………………………………………………………… 49 Exhibit 3.9 FY2015-16 to FY2019-20 Revenue Sources Trend ........... 50 Exhibit 3.10 FY2019-20 Budget Revenue Sources and Use by Member Agency ………………………………………………………………… 52 SECTION 4: Operating Revenues ...................................................................... 56 4.1 Introduction ...................................................................................... 56 4.2 Farebox Revenues – Marketing ....................................................... 57 4.3 MOW Revenues ............................................................................... 58 4.4 Dispatching Revenues ..................................................................... 58 4.5 Exhibits ............................................................................................ 58 Exhibit 4.1 FY2015-16 to FY2019-20 Fare Revenue and Ridership .... 59 Exhibit 4.2 FY2015-16 to FY2019-20 Maintenance-of-Way (MOW) Revenue Trends .................................................................................... 60 Exhibit 4.3 FY2015-16 to FY2019-20 Dispatching Revenue Trends .... 61 Exhibit 4.4 FY2015-16 to FY2019-20 Other Operating Revenue Trends ………………………………………………………………………….. 62 SECTION 5: Operating Expenses....................................................................... 66 5.1 Introduction ...................................................................................... 66 June 28, 2019 4 5.2 Operating Budget Assumptions ........................................................ 66 5.2.1 Service Levels .................................................................... 66 5.2.2 Cost Allocations ................................................................. 67 5.3 Train Operations .............................................................................. 68 5.3.1 Train Operations Components ........................................... 68 5.3.2 Train Operations Note ........................................................ 73 5.4 Maintenance-of-Way (MOW)............................................................ 73 5.4.1 Assumptions ...................................................................... 74 5.4.2 Conditions and Trends in the MOW Budget ....................... 75 5.4.3 MOW Expenditure Components ........................................ 76 5.4.4 MOW Net Revenue, Expenditure and Member Agency Funding ……………………………………………………………….... 76 5.4.5 MOW Projections by Line Segment ................................... 77 5.4.6 Extraordinary MOW ............................................................ 78 5.5 Insurance and Legal Expense .......................................................... 78 5.6 Exhibits ............................................................................................ 79 Exhibit 5.1 FY2019-20 Service Assumptions ....................................... 80 Exhibit 5.2 FY2016-17 to FY2019-20 Service Train Miles ................... 81 Exhibit 5.3 FY2019-20 MOW Expenditures and Revenue Offsets ....... 82 Exhibit 5.4 FY2016-17 to FY2019-20 MOW Expenditures by Line Segment/Territory – Operating Lines and Extraordinary ........................ 83 Exhibit 5.5 FY2016-17 to FY2019-20 MOW Expenditures by Line Segment/Territory – Non-Operating Lines and Total including Extraordinary .......................................................................................... 84 SECTION 6: Member Agency Subsidies ............................................................ 88 6.1 Member Agency Funding ................................................................. 88 SECTION 7: Capital Program Budget ................................................................. 92 7.1 Introduction ...................................................................................... 92 7.2 Rehabilitation Program ..................................................................... 94 7.2.1 Metrolink Rehabilitation Plan .............................................. 94 7.2.2 Budget Development .......................................................... 95 7.2.3 Programmatic Approach .................................................... 96 7.2.4 Railroad Rehabilitation Cycles ........................................... 97 7.2.5 Rehabilitation Elements ..................................................... 98 7.2.6 Consequences of Deferred Rehabilitation ........................ 101 7.3 FY2019-20 Rehabilitation Carryover Projects ................................ 101 June 28, 2019 5 7.4 FY2019-20 New Rehabilitation Projects ......................................... 101 7.5 FY2019-20 New Capital Carryover Projects .................................. 101 7.6 FY2019-20 New Capital New Authority Projects ............................ 102 7.7 Exhibits