ftc workshop july 25, 2007s...07).pdfjul 25, 2007 · garcon point bridge mid-bay bridge western...
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FTC WorkshopJuly 25, 2007
FTC WorkshopJuly 25, 2007
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SECRETARY
Legislative Programs
Administrator
Assistant Secretary Engineering &
OperationsDistricts 1 - 7
General Counsel Inspector General
Assistant Secretary Intermodal Systems
Development
TransportationCommission
Federal Programs Administrator
Public Information Administrator
Assistant Secretary Finance &
Administration
GOVERNOR
Florida’s Turnpike
FDOT Organization ChartFDOT Organization Chart
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Planning & Production
Highway Operations
Toll Operations
Business Development & Concessions Management
Financial Planning
Financial Reporting
Financial Services
Work Program
Executive DirectorChief Executive Officer
General Counsel
Deputy Executive DirectorChief Operating Officer
Secretary
GovernorTransportationCommission
FHP Troop K
Government Affairs
Enterprise Organization ChartEnterprise Organization Chart
Deputy Executive DirectorChief Financial Officer
Contractual Services
Administration
Communications & Marketing
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Common MissionCommon Mission
To provide leadership in meeting Florida’s transportation needs through policy guidance on issues of statewide importance and maintaining public accountability for the Department of Transportation
To help meet the State’s growing transportation needs, ensuring value to customers, protecting investors and managing the Turnpike System in a business-like manner
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100%In-house
100%Privatized
10% In-house 49490% Privatized 4,230
4,724
MODEL 1 MODEL 2
FTE MODEL
Management StructureManagement Structure
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Martin Petroleum Corp.
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GARCON POINTBRIDGE
MID-BAY BRIDGE
WESTERN BELTWAY, PART C
SUNCOAST PARKWAY
VETERANS EXPRESSWAY
CROSSTOWN EXPRESSWAY
PINELLAS BAYWAY SYSTEM
SUNSHINE SKYWAY BRIDGE
ALLIGATOR ALLEY
POLK PARKWAY
SOUTHERN CONNECTOR EXTENSION
NORTHERN COIN SYSTEM
SEMINOLE EXPRESSWAY
BEACHLINE EAST EXPRESSWAY
BEACHLINE WEST EXPRESSWAY
TICKET SYSTEM
SOUTHERN COINSYSTEM
SAWGRASSEXPRESSWAY
HOMESTEAD EXTENSION
OF FLORIDA’S TURNPIKE
460 miles125 miles21 miles
606 milesFlorida’s Turnpike SystemOther FDOT OwnedOther FDOT Operated
SP
SP
SP
SP
SP
SP
SP
SP
SP Service Plaza
Turnpike EnterpriseTurnpike Enterprise
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Gross RevenuesGross Revenues
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
2006 2007 2008 2009 2010 2011 2012
In M
illio
ns
Mainline Expansion Concession
ActualForecasted
Supports $5.0B Work
Program
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• 2 million customers a day
• 2nd largest nationally (based on revenues)
• Highest rated turnpike in nation
AA-Aa2 AA-
Florida’s Turnpike TodayFlorida’s Turnpike Today
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• Transponders sold:3.1 million
• Current participation: 65%
• Customers recommend purchasing SunPass: 94%
SunPass TodaySunPass Today
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Amount Outstanding
Bond Cap LegislationBond Cap Legislation
DEFINITION Amount Issued
BOND CAP $4.5B $10.0B
$2.4BOutstanding
Increased
Changed
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Toll Indexing LegislationToll Indexing Legislation
• HB 985 indexed toll rates− CPI or other inflation factor− Frequency
At least every 5 yearsNo more than annually
14¢ per mileToll in Today’s $
2¢ per mileToll in 1957
6.0¢ SunPass7.5¢ Cash
ACTUAL PER MILE
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Oversight & Performance MonitoringOversight & Performance Monitoring
• Advises in development of performance measures and standards
• Independently verifies performance
Department Central Office and Inspector General
• Licensed Florida CPA• 126 staff• Monitors internal controls over financial reporting • Develops performance measures (CUTR)• Reports performance measure results
Turnpike Chief Financial OfficerInternal
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Oversight & Performance MonitoringOversight & Performance Monitoring
• Evaluates performance to determine creditworthinessRating Agencies
• Audits financial data annuallyIndependent Auditor (Deloitte & Touche)
• Monitors performance and production standards• Recommends process improvements
Florida Transportation CommissionExternal
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Performance MeasuresPerformance Measures
• FTC− Turnpike Specific
SunPass ParticipationCost per TransactionToll Collection Efficiency
− FDOTMaintenance Condition RatingLong Range Program Plan
• Construction Contract Lettings• Bridge Lettings• Over 60 measures (total)
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Additional Performance MeasuresAdditional Performance Measures
Staff Speed SoundnessServiceSafety
Average time to clear accidents
Customer satisfaction
FDOT Employee Survey
Contracts executed versus planned
Debt coverage ratio
Fatality Rate Call center standards
Turnpike Employee Survey
Service plaza customer satisfaction
Projects < 110% budget
Projects completed < 120% schedule
Balanced Finance Plan
Revenue Growth
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Turnpike Ethics PolicyTurnpike Ethics Policy
Code of Ethics (F.S. 112.311)FDOT Ethics Policy
• Conflicts of Interest
• Acceptance of Gifts
• Misuse of Public Position
• Lobbyist Activities
• Public Trust
• Open Government