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Indianapolis Public Transportation Corporation 2020 MANAGEMENT & FINANCIAL PLAN

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Indianapolis Public Transportation Corporation 2020 MANAGEMENT & FINANCIAL PLAN Indianapolis Public Transportation Corporation 2020 MANAGEMENT & FINANCIAL PLAN FISCAL YEAR JANUARY 1, 2020 THROUGH DECEMBER 31, 2020 INTRODUCED TO INDYGO BOARD: JULY 29, 2019 INDYGO BOARD ADOPTED: AUGUST 28, 2019 CITY-COUNCIL ADOPTED ON : OCTOBER 14, 2019 DLGF APPROVED FORM 1782: DECEMBER 13, 2019 INDIANAPOLIS PUBLIC TRANSPORTATION CORPORATION TABLE OF CONTENTS ADOPTED BUDGET - FY 2020 Distinguished Budget Presentation Award ................................................................................................... 1 Transmittal Letter ............................................................................................................................................. 2 Organization and Governance Officials ................................................................................................................................................... 8 Service Area ............................................................................................................................................ 9 History ................................................................................................................................................... 12 Strategic Plan and Budget Integration ................................................................................................ 14 Demographic Data ................................................................................................................................ 17 Organization Chart ............................................................................................................................... 19 Financial Structure, Policy, and Process Budget Process Overview and Budget Calendar................................................................................. 21 Basis of Governmental Finance and Fund Structure .......................................................................... 25 Financial Policies .................................................................................................................................. 27 General Operating Fund Revenue 2020 Revenue Assumptions ................................................................................................................. 31 Operating Revenue Budget Summary ................................................................................................. 31 Sources and Descriptions of Operating Revenue ................................................................................ 33 Expenditures 2020 Financial Plan Assumptions ........................................................................................................ 39 Operating Expenditure Categories ...................................................................................................... 40 5-year Operating Plan .......................................................................................................................... 42 Operating Expenditure Budget Summary ........................................................................................... 43 Positions Summary .............................................................................................................................. 47 Operating Expenditures Summary by Department Executive ...................................................................................................................................... 48 Public Affairs & Communications................................................................................................ 50 Legal ............................................................................................................................................. 52 Transportation ............................................................................................................................. 55 Training & Security ....................................................................................................................... 57 Mobility Services .......................................................................................................................... 59 Fleet Services ............................................................................................................................... 61 Preventative Maintenance .......................................................................................................... 63 Facilities ....................................................................................................................................... 65 Information Technology .............................................................................................................. 67 Finance ......................................................................................................................................... 69 Human Resources ........................................................................................................................ 71 Planning & Capital Projects ......................................................................................................... 73 INDIANAPOLIS PUBLIC TRANSPORTATION CORPORATION TABLE OF CONTENTS ADOPTED BUDGET - FY 2020 Home-Ruled Funds Income Tax Revenue Fund ...................................................................................................................... 75 Debt Service Fund .................................................................................................................................... 77 Fund Balance and Financial Summary – All funds .......................................................................................79 Capital Improvement Program Summary .................................................................................................... 82 Capital Plan ...................................................................................................................................................... 86 Glossary .......................................................................................................................................................... 134 ® GOVERNMENT FINANCE OFFICERS ASSOCIATION Distinguished Budget Presentation Award PRESENTED TO Indianapolis Public Transportation Corporation Indiana For the Fiscal Year Beginning January 1, 2019 �p.� Executive Director Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to Indianapolis Public Transportation Corporation, Indiana, for its Annual Budget for the fiscal year beginning January 1, 2019. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as a financial plan, as an operations guide, and as a communications device. This award is valid for a period of one year 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. 1 transmittal letter A BUDGETARY MESSAGE FROM PRESIDENT INEZ EVANS 2 August 28, 2019 To: IPTC Chair and Board of Directors From: Inez Evans, President and CEO Subject: IPTC 2020 Financial and Management Plan I am pleased to submit for your information and consideration the 2020 proposed Financial and Management Plan of the Indianapolis Public Transportation Corporation (lndyGo or the Company). Nearly a decade ago, the Central Indiana Transit Task Force under the leadership of Indianapolis Mayor Greg Ballard took a hard look at the region’s investment in transportation. The Task Force found a substantial gap in the infrastructure and services offered when comparing the Indy area to other regions. Their findings and advocacy led to the creation of an ambitious regional transit vision: Indy Connect. Since 2016, IndyGo, with broad support from the community, leaders, and partners, has advanced the vision for a more connected, reliable, modern public transportation system. Accomplishments Red Line Rapid Transit The Red line is one of 3 proposed rapid transit lines for implementation in Indianapolis. In February 2016, the FTA recommended lndyGo for a $75M Small Starts grant to construct Phase 1 of the Red line. Phase 1 stretches 13 miles from Broad Ripple through downtown Indianapolis to the University of Indianapolis. 3 Phase 1 of the Red Line broke ground June of 2018 and is expected to open for service September 1, 2019. From June to December 2018, crews worked the full 13 miles focusing on improving draining, sidewalks, ADA ramps, signalization, pavement, and building station platforms and bus pad reinforcement. The 13-mile route will include 28 station locations with level boarding, off-board fare collection, real-time signage, and snow-melt systems. For 60 percent of the route, the battery- electric vehicles will travel in bus only lanes and the full corridor features transit signal prioritization. Construction, lasting for 12 months, included significant improvements to infrastructure including new sidewalks, crosswalks, and ADA ramps, repaired stormwater systems, upgraded signals, and repayment of the full 13-mile route. When in service, buses will arrive at each of the 34 stations every 10 minutes for 20 hours a day; providing a reliable and efficient spine of transit and connecting thousands of residents and employment opportunities. Marion County Transit Plan and Transit Amenities Funding authorized by the transit referendum in 2016 continues to significantly improve the full network. Beginning
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