indygo budget 2013

2013 Management

&

Financial Plan

Indianapolis Public

Transportation Corporation

Introduced to IndyGo Board: August 2, 2012

IndyGo Board Adopted On:

City County Council Adopted on:

INDIANAPOLIS PUBLIC TRANSPORTATION CORPORATION

TABLE OF CONTENTS Pages

Transmittal Letter for Original Submission date August 2, 2012 1-4

Year 2013 IPTC Proposed Financial Plan

Year 2013 Financial Plan Assumptions - Original Submission date August 2, 2012 5

IPTC Financial Plan - Expenditures - Original Submission date August 2, 2012 6

General Operation Fund - Revenues - Original Submission date August 2, 2012 7

Capital Improvement Plan - Utilization of Capital Funds 8

General Information

IPTC Budget Calendar 10

Department of Local Government Finance - Budget DIvision

General

Debit Services

Cumulative Fund

Capital Grants

Federal Pass Through

To: IPTC Chair and Board of Directors

Re: IPTC 2013 Financial & Management Plan

From: Michael A. Terry, President and CEO

Date: August 2, 2012

Introduction

Attached for your review and consideration is the 2013 IPTC proposed budget. The stability of revenue sources continues to impact long-term fiscal planning for the agency. The federal government has passed a two-year transportation bill and state funding changed to a two year budget line item from the Public Mass Transit dedicated state fund. Local funding is dependent on property tax receipts and fare revenue typically correlates to ridership. Combined with fluctuating revenue forecasts, the cost of operating IndyGo at existing service levels continues to grow. While the agency has tackled many operating efficiencies in order to reduce expenses, projecting fuel costs and health benefits costs as well as maintaining an ever aging bus fleet presents budget-balancing challenges. In light of revenue and expenditure challenges, IndyGo’s ridership continues to increase. Ridership in 2011 increased 10% over 2010. Through June 2012, we have seen a 12.4% increase in passenger trips over 2011. This is the highest level of ridership in more than a decade and with fewer bus routes. Indianapolis is at a pivotal time as more residents are looking for alternative modes of commuting and transportation options. The opportunity to grow service levels through additional frequency and weekend operations would not only increase ridership, but allow residents of Indianapolis greater access to job opportunities, education, healthcare and overall quality of life. The proposed 2013 budget presents an opportunity for our city to invest in the growth of our transit system. As demand for service increases and more discussion occurs on the future of public transportation in our region, if additional funding is available IndyGo would begin phasing in additional service in the form of more frequency, longer service hours, more weekend service and new routes. The following 2013 Operating Budget Overview increases our baseline budget with additional funding to increase transit service.

2013 Operating Budget Overview

The 2013 Operating Budget Expenditure totals $65.2M. This represents an increase of $8.3M compared to the final revised 2012 budget of $56.9M.

The operating budget as proposed includes the following objectives:

1. As required in 2012, an excess property tax levy is planned to maintain the current fixed route

services and fares at the 2012 level through 2013. Furthermore, an additional excess property tax

levy is planned in the operating budget to begin providing additional bus service in Indianapolis.

2. ADA para transit service (Open Door) will continue to operate throughout Marion

County/Indianapolis, exceeding federal requirements of providing service within ¾ of mile

around fixed route.

3. With an additional investment of $6M, IndyGo would begin to phase in more service during 2013

following the implementation plans detailed in the comprehensive operational analysis completed

during the Indy Connect study. The additional service would begin with greater frequency of service, extending the span of service hours, increasing hours of service on weekends and adding

a new route.

4. We will continue to invest in technology to improve external customer communications as well as

internal operations. With the award of several competitive grants, IndyGo will be able to upgrade

existing software, improve the security of technology systems and procure new tools to enhance service delivery.

5. We will continue to develop relationships with community organizations through our award-

winning Community Collaborations program to grow overall awareness of IndyGo and promote the benefits of transit within the community.

6. While fuel costs for 2013 are budgeted at the same $3.18 per gallon as 2012, the agency will continue to use its strategic approach for incremental and periodic fuel purchasing. Fuel supplies

and cost remain volatile and the uncertainties require management to be conservative in our

budgeting.

7. We will continue efforts to maintain the full time workforce staffing levels necessary to provide

scheduled service and control overtime costs within the fixed route and maintenance areas.

8. We will continue to provide an on-site primary healthcare clinic and wellness program to promote

health and compliance for IndyGo employees and their families while controlling agency

healthcare costs.

9. IndyGo will continue participation in two professional organizations; the American Public

Transportation Association (APTA) and the Conference of Minority Transportation Officials

(COMTO). Whether as committee and board members, or presenters and committee chairs, employees will continue to lend their support to industry initiatives and gain knowledge from

other transit agencies and professionals across the country.

10. A 1% adjustment has been allocated for compensation adjustments in 2013.

11. No funding from the Capital Cumulative Fund is planned in the 2013 budget.

12. Funding has not been provided to cover a $3M insurance reserve gap as well as coverage for

physical damage to the buses and other vehicles operated by IndyGo. This is an exposure that

will be evaluated and addressed in 2013.

13. Repayment of the $2M loan with the City of Indianapolis has been extended to 2013. A new loan

agreement was executed that provides for IPTC to make investments in certain capital assets that

have mutual benefit to the City and IPTC. IPTC is working with the City to extend that agreement through 2016. Consequently, repayment of the loan has not been budgeted in the

general fund.

2013 Capital Plan

An outline of the Capital Plan has been updated and included in the attachment. The program as structured provides adequate local match from the Capital Cumulative fund as required for planned

Federal capital grant expenditures. The primary investments will be for facility upgrades and repairs,

replacement buses and para transit vehicles, installation of additional bus shelters, benches, lighting, bike racks and new bus stop signs, continuation on the rehabilitation of the existing administration and

maintenance facility and the construction of a new downtown transit facility.

When the cumulative capital transit fund was established, IPTC no longer had the need to bond debt to provide the local match for federally funded capital projects. A pay as you go method enables us to

eliminate costly fees and interest associated with issuing debt and thereby reduces our burden on property

tax payers. In recent years it has been necessary to transfer Capital Cumulative funds into the operating budget. This is not a sustainable financial model. Most Federal grants require a local match. Reducing

the Capital Cumulative fund jeopardizes our ability to secure future Federal grants for capital projects.

IPTC is diligent in submitting competitive Federal grant applications for funding which would provide

capital and operating funding for specific programs and capital needs. IndyGo was successful in

obtaining a Federal State of Good Repair (SGR) grant in 2012 for $10,000,000 for the purchase of new buses to replace some of the oldest in the fleet. In addition, IndyGo was awarded Job Access Reverse

Commute (JARC) and New Freedoms grants to enhance our technology and communications systems to

improve service to our customers and individuals desiring to use public transportation in our city.

IndyGo will continue to submit grant applications for various federally funded programs as they become

available.

Summary

Each year, IndyGo continues to operate within a very minimal budget in order to maintain existing service levels and fare structure. In recent years IndyGo has been budgeting the Federal funding

designated for capital expenditures (replacement buses and para transit vehicles; and facility

repairs/upgrades) as well as using local Capital Cumulative funds to subsidize the agency’s operating

budget. This conversion of capital funds has had a dramatic impact on IndyGo’s bus replacement plan, with the average age of the fleet being around 10 years. IndyGo has had to rely on competitive grants to

procure new buses or look to other transit agencies to buy their used buses instead of relying on a

designated and funded capital replacement program.

It has been necessary for IPTC to be creative with capital grants and local capital funds. In 2012 it was

necessary to procure 21 used buses from the Central Ohio Transit Agency COTA) in order to stabilize our

fleet and replace older IndyGo buses that have exceeded their useful life and are more costly to operate

and maintain.

Without an infusion of new or increased operating dollars, public transportation in the city of Indianapolis

will continue to erode. With the passing of the new transportation bill, the nation’s leadership realizes the

importance of its transportation programs and their role in community infrastructure.

Because of IPTC’s operating efficiencies and transit industry experience, we are well-positioned for

growth. Between IndyGo’s planning team and the recent Comprehensive Operational Analysis, IndyGo service expansion could be executed efficiently in phases during 2013. The scalability of our agency not

only allows for great improvements in Marion County, but acts as the backbone for the Indy Connect long

range transportation plan and vision.

IPTC continues to implement and refine operational strategies to control costs and balance budgets. At

this point, the 2013 budget challenges our community with an opportunity to invest in the bus system and

begins to increase service. Without a change in strategic thinking for transportation and mobility in our city and the means to fund this valuable infrastructure service, Indianapolis will be faced with reductions

in transit services. Public transportation support the economy, provides access to employment, saves

energy, reduces the impact on our environment, and improves the quality of life for so many citizens.

Respectfully Submitted:

Michael A. Terry

President and CEO

Year 2013 Proposed

Financial Plan

Financial Plan - Assumptions

Financial Plan – Expenditures

Financial Plan – Revenues Capital Improvement Program Pass Through to Sub Recipients

Year 2013

Plan Assumptions

Indianapolis Public Transportation Corporation Summary of Significant Assumptions -Original Submission dated August 2, 2012

Budget 2013

A.

1.

Revenues: Property, excise and local option income taxes were calculated using the current rules that are in effect. A

provision for the effect of the circuit breaker was estimated for 2013. It is assumed that IPTC will collect the approved tax levies net of the circuit breaker in their entirety for 2012 and a provision of 5% was established for 2013.

2.

The State Public Mass Transit Funding distribution pool is assumed to be similar to the prior year and the current data has been updated in estimating 2013 PMTF revenue distribution to IPTC. The result is a reduction of approximately $29,000.

3.

Federal Transit operating assistance is expected to increase by approximately $2,800,000 as a result of the new 2 year Transportation bill passed by Congress in June 2012.

4.

Fare revenue for the budget period is expected to increase by $600,000 or 6%.

5.

Special route guarantees and adve r t i s ing revenues are expected to remain the same.

B.

Expenditures: 1. Benefits costs are expected to increase approximately 5% from the prior year.

2.

Diesel Fuel costs have been budgeted at $3.18 per gallon for the remainder of 2012 and for 2013.

3.

A provision for a one percent wage increases for 2013 has been factored into the 2013 budget.

4.

Repayment of the loan from the City of Indianapolis has been extended to 2013. A new loan agreement was executed that provides for IPTC to make investments in certain capital assets and service projects that have mutual benefit to the City and IPTC. IPTC is working with the City to extend that agreement through 2016. Consequently, repayment of the loan has not been budgeted in the general fund.

5.

Money has been budgeted to deploy some Transit security as the result of being awarded a Transportation Safety Administration grant .

6.

Costs for purchased transportation and dispatch services for demand response are anticipated at rates set forth in existing contracts.

7.

The budget is predicated on hitting certain marks for revenue and expenses. If actual costs are substantially more than estimated or revenue streams are substantially less than anticipated, changes to service may be required unless another source of funding is located. Presently, no reductions to service are proposed.

8. In 2012 Federal Transit Administration conducted a Financial Management Oversight review we have not received the results of that review and do not know what recommendations they have made which could affect the 2013 budget.

IndyGo (IPTC)

Financial &

Resources Plan -

Expenditures

Indianapolis Public Transportation CorporationSummary Budget - General Operating Fund

Expenditures - Original Submission Dated August 2, 2012Budget Year 2013

Account Name2012

Orginal2012

Revised2013

BudgetWages 20,019,070 20,019,070 20,420,202 Benefits 7,236,000 7,236,000 6,544,307 Retirement 800,000 800,000 800,000 Other Benefits 348,000 348,000 1,081,000 Payroll Taxes 1,530,766 1,530,766 1,562,145 Total Personal Services 29,933,836 29,933,836 30,407,654

Parts 3,954,000 3,954,000 3,425,000

Office Supplies 74,000 74,000 60,000 Operating Supplies 230,500 230,500 840,500 Fuel 5,466,000 5,466,000 5,462,000 Other - - 26,000 Total Materials and Supplies 9,724,500 9,724,500 9,813,500

Professional Services 786,000 786,000 1,014,000

Contractual Services 12,160,800 12,160,800 11,967,800 Dues and Subscriptions 59,000 59,000 56,000 Training and Conferences 96,000 96,000 129,255 Printing and Advertising 397,000 397,000 735,000 Utilities 980,000 980,000 980,000 Telephone 100,000 100,000 100,000 Insurance 1,900,000 1,900,000 1,885,000 Other 882,345 762,693 8,082,435 Total Other Services and Charges 17,361,145 17,361,145 24,949,490

TOTAL 57,019,481 56,899,829 65,170,644

General

Operating Fund -

Revenues

Indianapolis Public Transportation CorporationSummary Budget - General Operating Fund

Revenues - Original Submission Dated August 2, 2012Budget Year 2013

Object 2012 2012 2013Code Account Name Original Revised Budget

10 Fares 9,804,540 9,804,540 10,401,921 80 Property and Excise Tax 17,589,892 23,923,860 28,381,855 70 Public Mass Transit Funds 10,260,138 10,260,138 10,543,133 70 Federal Transit Administration 11,552,340 11,552,340 14,616,177 20 Route Guarantees 785,000 785,000 785,000 30 Advertising 300,000 300,000 400,000 40 Other Operating 273,951 273,951 112,400

Transportation Safety Administration - - 223,951 45 Transfer from Cumulative Fund - - -

Unfunded Balance 6,453,620 - -

Total 57,019,481 56,899,829 65,464,437

Capital

Improvement

Program –

Utilization of Bond Fund

Indianapolis Public Transportation CorporationCapitial Improvementt Program

Projected Capitial Funds Utilization Programbudget 2013

2012 2013Total Federal Local Match Total Federal Local Match

Project Description Project amount amount Project amount amount

Bus Rolling Stockrolling stock 3,074,493 2,459,594 614,899 17,167,030 13,733,624 3,433,406

Bus station /stops / terminals

acquire/build/cinstruct shelters and signs 705,502 578,553 126,949 607,001 485,601 121,400 acquire park and ride facility 1,250,000 1,000,000 250,000 1,250,000 1,000,000 250,000 acquire urban transfer center 2,500,000 2,000,000 500,000 2,500,000 2,000,000 500,000 contingent capitial reserve 25,148,900 20,119,120 5,029,780 25,115,196 20,092,157 5,023,039

Bus Support Equipment and Facilities

rehab/rennovate adm/main facility 1,959,836 1,567,869 391,967 5,149,911 4,119,929 1,029,982 equipment 4,492,415 3,593,931 898,484 7,714,344 6,171,475 1,542,869

Bus- communication Equipmentcommunication and support equipment - - - 315,029 252,023 63,006

totals 39,131,146 31,319,067 7,812,079 59,818,511 47,854,809 11,963,702

note 1 balances to worksheet capitial funds detail

Indianapolis Public Transportation Corporation JARC and New Freedom Grants, CMAQ and Other Federal Grants

Pass Through to Sub Recipients

budget 2013Note based on awards

unawarded Awarded Grants Awarded Grants 2013Funding balance July 5, 2012 balance July 5, 2012 Totalavailable To

Grant Year 5-Jul-12 JARC New Freedom budget

2008 - 138,499 402 2009 303,839 25,196 2010 - 74,649 2011 (19,147) 918,991 459,946 2012 914,339 - - 2013 712,092 - -

1,607,284 1,361,329 560,193 3,528,806

CICS (van pool) 600,000 Alternative analysis 2,300,000

6,428,806

Department of

Local

Government

Finance – Budget

Division

General

Debt Services

Cumulative Fund

Capital Grants

Federal Pass Through Grants

City County Council

IPTC Budget

Calendar

June 4, 2012 Monday Meeting with City Council CFO-Discuss Budget Schedule - Council Office

June 11, 2012 Monday Executive Team Meeting-Discuss Budget Issues and Formulate Plan

June 21, 2012 Thursday Finance Committee - Provide Guidance on Overall Budget Parameters

June 28, 2012 Thursday Regularly Scheduled Board Meeting

July 3, 2012 Tuesday Rough Out-Revenue Projections 2nd Half 2012 and 2013

July 6, 2012 Friday June 30, 2012 - Month End Closing

July 9, 2012 Monday Draft Budget Worksheets to Department Heads

July 11 & 12, 2012 Wed/Thur Two on One (CEO/CFO) Meetings with Department Heads

July 20, 2012 Friday Finance Committee Input

July 23, 2012 Monday First Pass - Draft 2013 Budget

July 24 - 26, 2012 Tue - Thur Budget Changes - CEO/Department Head Tweaks

July 27, 2012 Friday Budget Complete - Put into DLGF Budget Forms

July 30, 2012 Monday Budget to Printer

August 2, 2012 Thursday IPTC Board Meeting (5pm) - Lay Budget on Table (Staff's Plan)

August 2, 2012 Thursday Submit Advertisement for Publication

August 6, 2012 Monday Advertisement Begins (First Advertising)

August 13, 2012 Monday Second Advertisement to Appear in Newspaper

August 16, 2012 Thursday IPTC Board Meeting (5pm) - Public Hearing/ Comment on Budget

August 17, 2012 Friday IPTC Finance Committee - Review Budget and Develop Recommendation to Full Board

August 21, 2012 Tuesday Finalize Board Budget Plan and Send to Printer

August 27, 2012 Monday IPTC Board Meeting (5pm) - Final Adoption of Budget

August 29, 2012 Wednesday File IPTC Approved Budget Electronically with City County Council

September 10, 2012 Monday Council First Advertisement

September 17, 2012 Monday Council Second Advertisement

September 17, 2012 Monday Budget Introduced at Council Meeting - notice of Public Hearing on Budget

September 20, 2012 (5:30pm) Thursday Municipal Corp Committee - Present Board Approved Budget to Committee

September 27, 2012 (5:30pm) Thursday Municipal Corp Committee - public hearing on Budget - Present Board Approved Budget to Committee

October 2, 2012 Tuesday Municipal Corp Committee - Final Budget Review and Recommendation

October 15, 2012 Monday City County Council (7pm-PAR) - IPTC Budget Adoption

October 29, 2012 Monday Budget Submitted to County Auditor, City Controller & DLGF

December 17-28, 2012 Various Field Examination by DLGF

December 28, 2012 Friday Preliminary Approval by DLGF

February 15, 2013 Tuesday Budget Certified by DLGF

Revision 2: Dated June 19, 2012

Indianapolis Public Transportation CorporationRevised Budget Calendar

Fiscal Year 2013

General

Information

IPTC Budget Calendar

Department of Local

Government Finance –

Budget Division

General

Prescribed by State Board of AccountsApproved by State Board of Accounts

503 2013 49 6 8001

ID YEAR CO TYPE KEY

TAXING UNIT Indianapolis Public Transportation Corp. COUNTY Marion

FUND General Fund 31,584,305,545

Indianapolis Public Transportation


City-County Council APPROPRIATING BODY

1. Total budget estimate for incoming year 65,170,644 2. Necessary expenditures, July 1 to December 31 of present year, to be made from appropriation

unexpended 29,461,804 3. Additional appropriation necessary to be made July 1 to to December 31 of present year

4. Outstanding temporary loans

a. To be paid not included in lines 2 or 3

b. Not repaid by December 31 of present year

5. TOTAL FUNDS required (add lines 1, 2, 3, 4a and 4b) 94,632,448

FUNDS ON HAND AND TO BE RECEIVED FROM SOURCES OTHER THAN PROPOSED TAX LEVY:

6. Actual cash balance, June 30 of present year of present year (including cash investments) 5,674,625 7. Taxes to be collected, present year (December Settlement) 9,105,712 8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year

(Schedule on File):

a. Total Column A Budget Form 2 20,548,481 b. Total Column B Budget Form 2 38,783,608 9. TOTAL FUNDS (add lines 6,7,8a and 8b) 74,112,42610. Net amount to be raised for expenses to December 31of incoming year (deduct line 9 from 5) 20,520,02211. Operating balance (not in excess of expense January 1 to June 30, less miscellaneous revenue

(for same period) 8,947,84012. Amount to be raised by tax levy (add lines 10 and 11) 29,467,86213A. Property Tax Replacement Credit from Local Option Tax x 013B Operating Loit 1,972,75214. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13A and 13B from line 12) 27,495,110 15. Levy Excess Fund Applied to Current Budget 016. Net Amount to be Raised 27,495,110 17. Net Tax Rate on Each One Hundred Dollars of Taxable Property 0.0871

2

( NOT TO BE PUBLISHED)

FUNDS REQUIRED FOR EXPENSES TO DECEMBER 31st OF INCOMING YEAR

Budget Form 4-B (Rev. 2002)

(This form is to be prepared for each fund that requires either a tax rate or an appropriation.)

BUDGET ESTIMATE - FINANCIAL STATEMENT - PROPOSED TAX RATE

NET ASSESSED VALUATION

Prescribed by State Board of Accounts City & Town Budget Form No. 2 (Rev. 2002)

Approved by State Board of Accounts

503 2013 49 6 8001

ID YEAR CO TYPE KEY

Indianapolis Public Transportation Corporation, Marion COUNTY, IND.

ESTIMATE OF MISCELLANEOUS REVENUES - GENERAL FUND

FROM SOURCES OTHER THAN GENERAL PROPERTY TAXES

FOR USE IN PREPARATION OF ESTIMATE OF FUNDS TO BE RAISED, YEAR 2012

A X B X

1-Jul-12 Indianapolis Department of 1-Jan-13 Indianapolis Department of

to Public Local Government to Public Local Government

OTHER TAXES: 31-Dec-12 Transportation Finance 31-Dec-13 Transportation Finance

Indianapolis Public Indianapolis Public

DOW PILOT Transportation Transportation

0201 Financial Institutions Tax 41,804 83,6000202 License Excise Tax 745,523 1,491,0000203 CAGIT Certified Shares

0204 CAGIT Property Tax Replacement Credit

0212 County Opt Income Tax (LOIT) 987,343 00217 CVET Commercial Excise Tax 46,213 92,4260206

Loit

Circuit Breaker

LICENSES AND PERMITS:

3101

3102 Dog Licenses

Cable TV

3201

Building Permits

3202

Street and Curb Cut Permits

INTERGOVERNMENTAL REVENUE:

1121

1300 Federal Matching Funds (PM) 5,653,518 14,416,177

1399 Transportation Safety Administration Grant 223,951 223,9511417 Public Mass Transit Fund 5,286,558 10,543,1331501 Local Road and Street

1502 Liquor Excise Tax Distributions

1503 Alcoholic Beverage Gallonage Tax Distribution

1504 Cigarette Tax Distributions - General

1505 Cigarette Tax to CCIF

1506 Cigarette Tax - Fire Pension Fund

1600 Cigarette Tax - Police Pension Fund

State Payment in Lieu of Taxes

CHARGES FOR SERVICES:

2206

2501 Fire Protection Contracts

2715 In Lieu of Tax-Mun. Util. 117,402 234,0002725 Contract Services

2726 Transportation Receipts (Fares) 4,902,270 10,401,921

Route Guarantees 424,260 785,000FINES AND FORFEITURES:

4101

4104 Court Docket Fees

Ordinance Violations

MISCELLANEOUS REVENUES

6100 Interest of Investments 14,000 112,4006200 Rental Property

6500 Advertising 105,639 400,000

Non-Identified (Miscellaneous)

OTHER FINANCING SOURCES:" " "

5201

5202 Transfer From Parking Meter Fund

5206 Transfer From CCIF

2725 Tranfer From ______________ Cumulative 2,000,000

Transportation Receipts

9999

Total Columns A and B 20,548,481 38,783,608

NOTE:

Col. A is for the period from July 1 to December 31 of the present year.

Col. B is for the period from January 1 to December 31 of the incoming year.

Cols. X are reserved for the State Board of Tax Commissioners adjustments.

(CAGIT) means County Adjusted Gross Income Tax.

ESTIMATE AMOUNTS TO BE RECEIVED

Boyce Forms Systems 1-800-382-8702

PRESCRIBED BY THE DEPT. OF LOCAL GOVERNMENT FINANCE

APPROVED BY STATE BOARD OF ACCOUNTS

503 2013 49 6 8001 MARION

ID YEAR CO TYPE KEY COUNTY

ORIGINAL

PUBLISHED

BUDGET

APPROPRIATION

FUND: General DEPARTMENT: Board of Directors FUNCTION:

100000 PERSONAL SERVICES $0200000 SUPPLIES 0300000 OTHER SERVICES & CHARGES 0400000 CAPITAL OUTLAY 0

9999 TOTAL 0 0

FUND: General DEPARTMENT: Executive Dept.

100000 PERSONAL SERVICES $245,815200000 SUPPLIES 6,000300000 OTHER SERVICES & CHARGES 6,996,500400000 CAPITAL OUTLAY

9999 TOTAL $7,248,315

FUND: General DEPARTMENT: Marketing and ServiceDevelopment


9999 TOTAL 1,508,700

next page TOTAL

(ONLY IF DEPARTMENTALIZED)

BUDGET REPORT FOR

TAXING UNIT

BUDGET FORM 4-A 9REVISED 2002)

Indianapolis Public Transportation Corporation

AMOUNT APPROVED BYLOCAL COUNCIL OR

BOARD City-County Council

FINAL BUDGET AFTER

REDUCTION OFFERED BY

THE DEPT. OF LOCAL

GOVT. FINANCE



503 2011 49 6 8001 MARION


ORIGINAL

PUBLISHED

BUDGET

APPROPRIATION

FUND: General DEPARTMENT: Operations Dept. FUNCTION:

100000 PERSONAL SERVICES $15,612,208200000 SUPPLIES 29,500300000 OTHER SERVICES & CHARGES 930,738400000 CAPITAL OUTLAY

9999 TOTAL $16,572,446

FUND: General Flexible Services


9999 TOTAL $8,596,530

FUND: General Maintenance and Facility Management Dept.

100000 PERSONAL SERVICES $3,802,502200000 SUPPLIES 9,583,000300000 OTHER SERVICES & CHARGES 1,991,000400000 CAPITAL OUTLAY

9999 TOTAL $15,376,502

FUND Next page TOTAL


BUDGET REPORT FOR

TAXING UNIT





FINAL BUDGET AFTER


THE DEPT. OF LOCAL

GOVT. FINANCE



503 2011 49 6 8001 MARION


ORIGINAL

PUBLISHED

BUDGET

APPROPRIATION

FUND: General DEPARTMENT: Administrative Services FUNCTION:

Dept.

100000 PERSONAL SERVICES $10,175,899200000 SUPPLIES 184,000300000 OTHER SERVICES & CHARGES 5,508,252400000 CAPITAL OUTLAY 0

9999 TOTAL $15,868,151

FUND: DEPARTMENT: FUNCTION:

100000 PERSONAL SERVICES200000 SUPPLIES300000 OTHER SERVICES & CHARGES

400000 CAPITAL OUTLAY9999 TOTAL


100000 PERSONAL SERVICES200000 SUPPLIES300000 OTHER SERVICES & CHARGES

400000 CAPITAL OUTLAY9999 TOTAL

General Fund TOTAL $65,170,644(ONLY IF DEPARTMENTALIZED)

BUDGET REPORT FOR

TAXING UNIT





FINAL BUDGET AFTER


THE DEPT. OF LOCAL

GOVT. FINANCE

Prescribed by the Department of Local Government Finance Budget Form No. 1 (Rev. 2002)


503 2012 49 6 8001

ID YEAR CO TYPE KEY

Board of Directors

Indianapolis Public Transportation Corporation Marion

(If County Budget, Enter County Name)

For Calendar Year 2013

Total

Items Estimate Approved

1. PERSONAL SERVICES

Salaries and Wages

100 Wages

Employee Benefits

120 Benefits

121 Retirement

125 Other Benefits

Other Personal Services

170 Payroll Taxes

2. SUPPLIES

Office Supplies

200 Parts

210 Office Supplies

Operating Supplies

220 Operating Supplies

230 Fuel

Repair and Maintenance Supplies

Other Supplies

240 Other Supplies

(Office, Board, Commission, Department, Institution or Fund)

(If City ,Town or Fire Protection District Budget, Enter Name)

Total Personal Services

BUDGET ESTIMATE FOR

Total Supplies

Total

Estimate

3. OTHER SERVICES AND CHARGES

Professional Services

300 Professional Contracts

310 Contract Services

315 Maintenance Contracts

Communication and Transportation

320 Dues and Subscriptions

330 Training & Conferences

Printing and Advertising

340 Printing & Advertising

347 Promotion

Insurance

360 Insurance

Utility Services

Repairs and Maintenance

Rentals

Debt Service

Other Services and Charges

370 other

additional service

0Total Other Services and Charges

Total Total

Items Estimate Estimate

4. CAPITAL OUTLAYS

Land

Buildings

Improvements Other Than Buildings

Machinery and Equipment

Other Capital Outlays

0

0 0

(I) (We) hereby certify that the foregoing is a true and fair estimate of the necessary expense of the

Indianapolis Public Transportation Corporation Board of Directors

for the calendar year 2013 for the purposes therein specified.

Dated this 27th Day of August, 2012

Signature and Title of Officer(s) or Department Head

Total Capital Outlays

TOTAL BUDGET ESTIMATE

(Name of Office, Board, Commission, Department, Institution or Fund)



503 2013 49 6 8001

ID YEAR CO TYPE KEY

Executive Dept.




Total

Item s Estim ate Approved


Salar ies and Wages

100 W ages

228,346

Em ployee Benefits 228,346120 Benefits

121 Retirement

125 Other Benefits


170 Payroll Taxes 17,469

17,469245,815

2. SUPPLIES

Office Supplies

200 Parts

210 Office Supplies

5,000

Operating Supplies 5,000220 Operating Supplies

230 Fuel

Repair and Main tenance Supplies

Other Supp lies

240 Other Supplies

1,000

1,000

6,000 ,




BUDGET ESTIMATE FOR

Total Supp lies

Total

Total Estim ate

3. OTHER SERVICES AND CHARGES Items EstimateProfess ional Services


310 Contract Services 72,000315 Maintenance Contracts 10,000

82,000Com m unication and Transportation

320 Dues and Subscriptions 50,000330 Training & Conferences 36,000

86,000Prin ting and Advertis ing

340 Printing & Advertising 6,000

6,000Insurance

360 Insurance

Uti l i ty Services

Repairs and Main tenance

Rentals

Debt Service


370 Other 132,500additional service 6,690,000

6,822,500

6,996,500Total Other Services and Charges

Total Total

Item s Estim ate Estim ate

4. CAPITAL OUTLAYS

Land 0

0

Build ings 0

0

Im provem ents Other Than Bu ild ings 0

0

Machinery and Equ ipm ent 0

0

Other Capital Outlays 0

0

0

7,248,315

(I) (W e) hereby certify that the foregoing is a true and fair estimate of the necessary expense of the

Ind ianapo lis Pub lic Transportation Corporation


Dated this 27th Day of August 2012


Total Cap ital Outlays





503 2013 49 6 8001

ID YEAR CO TYPE KEY

Marketing and Service Develoment




Total



Salar ies and Wages

100 W ages 326,707

326,707

Em ployee Benefits

120 Benefits 0

121 Retirement 0

125 Other Benefits 0

0



24,993

351,700

2. SUPPLIES

Office Supplies

200 Parts 0

210 Office Supplies 3,000

3,000

Operating Supplies


230 Fuel


0

Other Supp lies

240 Other Supplies 4,000

4,000

7,000




BUDGET ESTIMATE FOR

Total Supp lies

Total

Item s Estim ate


Profess ional Services

300 Professional Contracts 0

310 Contract Services 500,000

315 Maintenance Contracts 0

500,000

Com m unication and Transportation

320 Dues and Subscriptions 0

330 Training & Conferences 0

0

Prin ting and Advertis ing


650,000

Insurance

360 Insurance

0

Uti l i ty Services

0

Repairs and Main tenance 0

0

Rentals 0

0

Debt Service 0

0


370 Other (CICS) 0

0


Total

Item s Estim ate

4. CAPITAL OUTLAYS

Land 0

0

Build ings 0

0


0


0


0

0

1,508,700




Dated this 27th Day Of August 2012







503 2013 49 6 8001

ID YEAR CO TYPE KEY

Operations Dept.




Total



Salar ies and Wages

100 W ages 14,381,986

14,381,986

Em ployee Benefits

120 Benefits

121 Retirement

125 Other Benefits 130,000

130,000


170 Payroll Taxes 1,100,222

1,100,222

15,612,208

2. SUPPLIES

Office Supplies

200 Parts 0


15,000

Operating Supplies

220 Operating Supplies 14,500

230 Fuel

14,500


Other Supp lies

240 Other Supplies

29,500




BUDGET ESTIMATE FOR

Total Supp lies

Total

Item s Estim ate




310 Contract Services 646,800315 Maintenance Contracts 2,000

648,800


320 Dues and Subscriptions 0

330 Training & Conferences 0

0



Insurance

360 Insurance 0

0

Uti l i ty Services


0

Rentals

0

Debt Service

0


370 Other 281,938

281,938

930,738Total Other Services and Charges

Total

Item s Estim ate

4. CAPITAL OUTLAYS 0

Land

0

Build ings 0

0


0


0


0

0

16,572,446




Dated this 27th day of August,2012







503 2013 49 6 8001

ID YEAR CO TYPE KEY

Flexible Services Dept.




Total



Salar ies and Wages

100 W ages 203,000

203,000

Em ployee Benefits

120 Benefits

121 Retirement


1,000Other Personal Services


15,530

219,530

2. SUPPLIES

Office Supplies

200 Parts


4,000

Operating Supplies


230 Fuel


Other Supp lies

240 Other Supplies

4,000




BUDGET ESTIMATE FOR

Total Supp lies




310 Contract Services 7,898,000315 Maintenance Contracts

7,898,000






Insurance

360 Insurance

Uti l i ty Services


Rentals

Debt Service


370 Other 475,000

475,000


Total

Item s Estim ate

4. CAPITAL OUTLAYS

Land

0

0

Build ings 0

0


0


0


0

8,596,530











503 2013 49 6 8001

ID YEAR CO TYPE KEY

Maintenance and Facility Management Dept.




Total



Salar ies and Wages

100 W ages 3,478,404

3,478,404

Em ployee Benefits

120 Benefits

121 Retirement


58,000



266,098

3,802,502

2. SUPPLIES

Office Supplies

200 Parts 3,425,000


3,428,000

Operating Supplies

220 Operating Supplies 667,000

230 Fuel 5,462,000

6,129,000


Other Supp lies


26,000

9,583,000



BUDGET ESTIMATE FOR


Total Supp lies

Total

Item s Estim ate




310 Contract Services 1,011,000


1,011,000






Insurance

360 Insurance

Uti l i ty Services

350 Utilities 980,000

980,000


Rentals

Debt Service


370 Other


Total

Item s Estim ate

4. CAPITAL OUTLAYS

Land

Build ings

Im provem ents Other Than Bu ild ings

Machinery and Equ ipm ent


15,376,502











503 2013 49 6 8001

ID YEAR CO TYPE KEY

Administrative Services Dept.




Total



Salaries and Wages

100 Wages 1,801,758

1,801,758

Employee Benefits

120 Benefits 6,544,307

121 Retirement 800,000


8,236,307



137,834

10,175,899

2. SUPPLIES

Office Supplies

200 Parts 30,000

210 Office Supplies

30,000

Operating Supplies


230 Fuel 0


0

Other Supplies


154,000

184,000




BUDGET ESTIMATE FOR

Total Supplies

Total

Items Estimate



300 Professional Contracts 1,014,000

310 Contract Services 1,828,000

315 Maintenance Contracts 1,250,000

2,842,000


320 Dues and Subscriptions 6,000

330 Training & Conferences 93,255

99,255



79,000

Insurance

360 Insurance 1,885,000

1,885,000

Utilities

355 Telephone 100,000

100,000


0

0

Rentals 0

0

Debt Service 0

0


370 Other 502,997

502,997


Total

Items Estimate

4. CAPITAL OUTLAYS

Land

0

Buildings

0


0


0


0

15,868,151









Debt Services


503 2013 49 6 8080ID YEAR CO TYPE KEY


FUND Debt Service 31,584,305,545

508 Indianapolis Public Transportation


CITY-COUNTY COUNCIL Appropriating Body

Control Board Ana DLGF Fi nal Action


unexpended 1,674,653 3. Additional appropriation necessary to be made July 1 to to December 31 of present year






6. Actual cash balance, June 30 of present year of present year (including cash investments) 678,356 7. Taxes to be collected, present year (December Settlement) 707,913 8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year

(Schedule on File):

a. Total Column A Budget Form 2 67,496 b. Total Column B Budget Form 2 134,992 9. TOTAL FUNDS (add lines 6,7,8a and 8b) 1,588,75710. Net amount to be raised for expenses to December 31of incoming year (deduct line 9 from 5)hyh 1,945,67211. Operating balance (not in excess of expense January 1 to June 30, less miscellaneous revenue

(for same period) 12,80312. Amount to be raised by tax levy (add lines 10 and 11) 1,958,47513A. Property Tax Replacement Credit from Local Option Tax 013B Operating Loit 014. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13A and 13B from line 12) 1,958,47515. Levy Excess Fund Applied to Current Budget 016. Net Amount to be Raised 1,958,47517. Net Tax Rate on Each One Hundred Dollars of Taxable Property 0.0062

(NOT TO BE PUBLISHED)








503 2013 49 6 8080

ID YEAR CO TYPE KEY

CITY, TOWN, FIRE, PROT. DISTR. Marion COUNTY, IND.

ESTIMATE OF MISCELLANEOUS REVENUES - Debt Service



A X X

1-Jul-12 Department of 1-Jan-13 Department of

\ Local Government to Local Government

31-Dec-12 Finance 31-Dec-13 Finance

A B

OTHER TAXES:

0201 Financial Institutions Tax 2,917 5,8340202 License Excise Tax 52,228 104,4560203 CAGIT Certified Shares


0212 County Option Income Tax (COIT)

0217 CVET Commercial Excise Tax 3,224 6,6480207 Wheeltax

0206 in lieu of taxes 9,127 18,254CB


3101 Dog Licenses

3102 Cable TV

3201 Building Permits

3202 Street and Curb Cut Permits


1121 Federal Matching Funds (PM)

1300 Federal Payments in Lieu of Taxes

1399 Motor Vehicle Highway Distributions

1417 Local Road and Street







1600 State Payment in Lieu of Taxes



2705 Contractual Service

FINES AND FORFEITURES:


4104 Ordinance Violations


6100 Interest of Investments

6200 Rental Property

6500 Non-Identified (Miscellaneous)

OTHER FINANCING SOURCES:



5206 Tranfer From ______________

2725 Transportation Receipts

9999 Total Columns A and B 67,496 134,992

Line 8A Line 8B

NOTE: Col. A is for the period from July 1 to December 31 of the present year.





(Rev. 08-09)


Fund Name: Debt ServicePlease use a separate debt service worksheet for each debt service fund.

Enter all debt payments anticipated by the unit in the time periods from 7-1-12 to 12-31-012 Payments from 01-01-13to 12-30-13 must be adopted on Budget Form 4B and supported by an amortization schedules. The DLGF will not increase the debtservice levy to accommodate 2014payments. Each listed debt must have an amortization schedule attached and include trustee fees, if applicable. The debt service levy will be based upon those payments as scheduled and indicated on the amortizationschedule unless other documentation is provided. Attach the completed worksheet and documentation totals the annual budgetupon filing with the county auditor.

Name of Issue Due Amount Due Amount Due Amount6/31/2013 $66,863

Incurred after 12/31/83? ( Y ) N 12/31/2012 $72,603 12/31/2013 $66,863Indianapolis Public Transporation Corporation Series 2000C 12/31/2012 $280,000 12/31/2013 275,000

Incurred after 12/31/83? ( Y) N 6/30/2013 $65,525Indianapolis Public Transporation Corporation Series 2009 F-1 12/31/2012 $87,050 12/31/2013 $65,525

12/31/2012 1,230,000 12/31/2013 $1,315,000

Incurred after 12/31/83? Y N


Trustee Fee 12/31/2012 $5,000 12/31/2013 $5,000

Incurred after 12/31/83? Y N $0 $0$0 $0


Totals Line 2 1,674,653 Line 1 $1,859,776 Line 11

2012 Additional appropriations

For Lease payments shown above, do the holdings corporations have sufficient balances to retire the debt? Y N

ControllerMichael Terry (title)

Department of Local Government Finance 2012 payable 2013 Debt Service Worksheet - Civil

(7-1-11to 12-31-12)Line 1

(1-1-13 to 12-31-13)Line 11

(1-1-14 to 6-30-14)

(County)(Unit Name)

Line 2

Date Principal Coupon Interest Total FISCAL TOTAL

12/18/2002 - - - -1/10/2003 - - S 12,946.31 $12,946.31 $12,946.317/10/2003 - 105,924.38 105,924.38 -1/10/2004 - - 105,924.38 105,924.38 211,848.767/10/2004 - - 105,924.38 105,924.38 -1/10/2005 $230,000.00 2.250% 105,924.38 335,924.38 441,848.767/10/2005 - - 103,336.88 103,336.88 -I/10/2006 230,000.00 2.600% 103,336.88 333,336.88 436,673.767/10/2006 - - 100,346.88 100,346.88 -1/10/2007 225,000.00 3.000% 100,346.88 325,346.88 425,693.767/10/2007 - - 96,971.88 96,971.88 -1/10/2008 215,000.00 3.250% 96,971.88 311,971.88 408,943.767/10/2008 - - 93,478.13 93,478.13 -1/10/2009 225,000.00 3.500% 93,478.13 318,478.13 411,956.267/10/2009 - - 89,540.63 89,540.63 -1/10/2010 275,000.00 3.700% 89,540.63 364,540.63 454,081.267/10/2010 - - 84,453.13 84,453.13 -1/10/2011 300,000.00 3.900% 84,453.13 384,453.13 468,906.267/10/2011 - - 78,603.13 78,603.13 -1/10/2012 300,000.00 4.000% 78,603.13 378,603.13 457,206.267/10/2012 - - 72,603.13 72,603.13 -1/10/2013 280,000.00 4.100% 72,603.13 352,603.13 425,206.267/10/2013 - - 66,863.13 66,863.13 -1/10/2014 275,000.00 4.350% 66,863.13 341,863.13 408,726.267/10/2014 - - 60,881.88 60,881.88 -1/10/2015 265,000.00 4.450% 60,881.88 325,881.88 386,763.767/10/2015 - - 54,985.63 54,985.63 -1/10/2016 305,000.00 4.550% 54,985.63 359,985.63 414,971.267/10/2016 - - 48,046.88 48,046.88 -1/10/2017 1,875,000.00 5.125% 48,046.88 1,923,046.88 1,971,093.76

Total $5,000,000.00 $2,336,866.45 $7,336,866.45

YIELD STATISTICS

Bond Year Dollars $51,025.56

Average Life 10.205 YearsAverage Coupon 4.5797962%

Net Interest Cost (N IC) 4.5511059%

True Interest Cost (TIC) 4.4983099%

Bond Yield for Arbitrage Purposes 4.3666190%

All inclusive Cost (AIC) 4.8434825%

INDIANAPOLIS PUBLIC TRANSPORTION CORPORATIONGENERAL OBLIGATION BONDS OF 2002

$5.000,000DEBT SERVICE SCHEDULE

22-Jun-99 12:32 pm Prepared by Loop Capital Markets. LLC Page 8

Date Principal Coupon Interest Total P+I8/4/2009 - - - -

1/10/2010 1,020,000.00 3.000% 115,949.17 1,135,949.17

7/10/2010 - - 118,487.50 118,487.50

1/10/2011 1,060,000.00 3.000% 118,487.50 1,178,487.50

7/10/2011 - - 102,587.50 102,587.50

1/10/2012 1,130,000.00 2.750% 102,587.50 1,232,587.50

7/10/2012 - 87,050.00 87,050.00

1/10/2013 1,230,000.00 3.500% 87,050.00 1,317,050.00

7/10/2013 - 65,525.00 65,525.00

1/10/2014 1,315,000.00 3.000% 65,525.00 1,380,525.00

7/10/2014 - 45,800.00 45,800.00

1/10/2015 1,415,000.00 4.000% 45,800.00 1,460,800.007/10/2015 - - 17,500.00 17,500.00

1/10/2016 875,000.00 4.000% 17,500.00 892,500.00

Total $8,045,000.00 - $989,849.17 $9,034,849.17

Yield Statistics

Bond Year Dollars $28,081.17Average Life 3.491 Years

Average Coupon 3.5249574%

Net Interest Cost (NIC) 2.6911720%True Interest Cost (TIC) 2.6279955%

Bond Yield for Arbitrage Purposes 3.5021842%

All Inclusive Cost (AIC) 2.9279711%

IRS Form 8038Net Interest Cost 2.3602474%

Weighted Average Maturity 3.518 Years

$8,045,000The Indianapolis Local Public Improvement Bond BankRefunding Bonds, Series 2009FDebt Service Schedule

2009E - 07.16.09 - QE Loa I Refunding Bonds, Series 2 I 7/16/2009 I 12:43 PM



503 "2013 49 6 8080 MARION


ORIGINAL

PUBLISHED

BUDGET

APPROPRIATION

FUND: Debt Service DEPARTMENT: Administrative Service FUNCTION:

100000 PERSONAL SERVICES200000 SUPPLIES300000 OTHER SERVICES & CHARGES 1,859,776400000 CAPITAL OUTLAY

9999 TOTAL 1,859,776


100000 PERSONAL SERVICES200000 SUPPLIES300000 OTHER SERVICES & CHARGES 400000 CAPITAL OUTLAY

9999 TOTAL



9999 TOTAL

FUND Debt Service TOTAL 1,859,776


BUDGET REPORT FOR

TAXING UNIT




BOARD CITY-COUNTY COUNCIL

FINAL BUDGET AFTER


THE DEPT. OF LOCAL

GOVT. FINANCE



503 2013 49 6 8080

ID YEAR CO TYPE KEY

Debt Service




Total



Salar ies and Wages

100 W ages

Em ployee Benefits

120 Benefits

121 Retirement

125 Other Benefits


170 Payroll Taxes

2. SUPPLIES

Office Supplies

200 Parts

210 Office Supplies

Operating Supplies


230 Fuel


Other Supp lies

240 Other Supplies




BUDGET ESTIMATE FOR

Total Supp lies

Total TotalItems Estimate Estimate











Insurance

360 Insurance

Uti l i ty Services


Rentals

Debt Service

1999 Bonds 1,315,0001999 Bond Interest 131,0502002 Bonds 275,0002002 Bond Interest 133,7262500 Trustee Fees 5,000

Other Services and Charges 1,859,776

Total 1,859,776Other Services and Charges

Total TotalItems Estimate Estimate

4. CAPITAL OUTLAYS

Land

Build ings

Im provem ents Other Than Bu ild ings

Machinery and Equ ipm ent


1,859,776




Dated 27th Day o f August 2012





Cumulative Fund


503 2013 49 6 8090

ID YEAR CO TYPE KEY


FUND Cumulative Transit Transportation 31,584,305,545

Board of Indianapolis Public

Transportation Corp.

Board of Indianapolis Public

Transportation Corp.City-County Council Appropriating Body

Control Board and DLGF Final Action

1. Total budget estimate for incoming year 11,963,702 2. Necessary expenditures, July 1 to December 31 of present year, to be made from appropriation 3,226,722 unexpended

3. Additional appropriation necessary to be made July 1 to to December 31 of present year






6. Actual cash balance, June 30 of present year of present year (including cash investments) 18,832,191 7. Taxes to be collected, present year (December Settlement) 1,332,544 8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year

(Schedule on File):

a. Total Column A Budget Form 2 152,051 b. Total Column B Budget Form 2 251,997 9. TOTAL FUNDS (add lines 6,7,8a and 8b) 20,568,78310. Net amount to be raised for expenses to December 31of incoming year (deduct line 9 from 5) -5,378,35911. Operating balance (not in excess of expense January 1 to June 30, less miscellaneous revenue 8,536,790 (for same period)

12. Amount to be raised by tax levy (add lines 10 and 11) 3,158,43113A. Property Tax Replacement Credit from Local Option Tax

13B Operating Loit

14. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13 from line 12) 3,158,43115. Levy Excess Fund Applied to Current Budget

16. Net Amount to be Raised 3,158,43117. Net Tax Rate on Each One Hundred Dollars of Taxable Property 0.0100









503 2013 49 6 8090

ID YEAR CO TYPE KEY

CITY, TOWN, FIRE, PROT. DISTR. Indianapolis Public Transportation Corporation, Marion COUNTY, IND.

ESTIMATE OF MISCELLANEOUS REVENUES - GENERAL FUND


FOR USE IN PREPARATION OF ESTIMATE OF FUNDS TO BE RAISED, YEAR 20112,013

A X B X1-Jul-12 Department of 1-Jan-13 Department of

to Local Government to Local Government


OTHER TAXES:

0201 Intangibles Tax 5,490 13,817

0202 License Excise Tax 98,311 140,585

0203 CAGIT Certified Shares



0217 CVET Commercial Excise Tax 6,069 13,233Circuit Breaker

0206 in lieu of taxes 17,181 34,362


3101 Dog Licenses

3102 Cable TV




1121 Federal Matching Funds (PM)

1300 Federal Payments in Lieu of Taxes

1399 Motor Vehicle Highway Distributions PMTF











2501 Dog Pound Receipts

2705 City Contract

2725 Transportation Receipts (Fares)Speedway

2726 Route Guarantees





6100 Interest of Investments 25,000 51,000


6400 Advertising


" " "




5206 Tranfer From ______________ City


9999 Total Columns A and B 152,051 251,997






Boyce Forms Systems 1-800-382-8702



503 2013 49 6 8090 MARION


ORIGINAL

PUBLISHED

BUDGET

APPROPRIATION

FUND: Cumulative Transit Transportation DEPARTMENT: Administrative FUNCTION:

100000 PERSONAL SERVICES

200000 SUPPLIES

300000 OTHER SERVICES & CHARGES

400000 CAPITAL OUTLAY 11,963,702

9999 TOTAL 11,963,702



200000 SUPPLIES


400000 CAPITAL OUTLAY

9999 TOTAL


Development


200000 SUPPLIES


400000 CAPITAL OUTLAY

9999 TOTAL

FUND Cumulative TOTAL 11,963,702


BUDGET REPORT FOR

TAXING UNIT





FINAL BUDGET AFTER


THE DEPT. OF LOCAL

GOVT. FINANCE



503 2013 49 6 8090

ID YEAR CO TYPE KEY

Administrative




Total



Salaries and Wages

100 Wages

0

Employee Benefits

120 Benefits

121 Retirement

125 Other Benefits


170 Payroll Taxes

0

2. SUPPLIES

Office Supplies

200 Parts

210 Office Supplies

Operating Supplies


230 Fuel


Other Supplies

240 Other Supplies

0




BUDGET ESTIMATE FOR

Total Supplies

Total Total












347 Promotion

Insurance

360 Insurance

Utility Services


Rentals

Debt Service


0Total Other Services and Charges

Total Total


4. CAPITAL OUTLAYS

Land

Buildings



419 Capital 11,963,702

Other Capital Outlays 11,963,702

11,963,702

11,963,702




Dated this 27st of August 2012





Capital Grants




FUND Capital Grants Projects 31,584,305,545

Amount Used to Compute Publisted Budget

Board of Indianapolis Public Transportation Corp.

City-County Council Appropriating Body

CONTROL BOARD AND DLGF FINAL ACTION

1. Total budget estimate for incoming year 20,397,387 2. Necessary expenditures, July 1 to December 31 of present year, to be made from appropriation 27,457,522 unexpended







6. Actual cash balance, June 30 of present year of present year (including cash investments)

7. Taxes to be collected, present year (December Settlement)

8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year

(Schedule on File):

a. Total Column A Budget Form 2 27,457,522 b. Total Column B Budget Form 2 20,397,387 9. TOTAL FUNDS (add lines 6,7,8a and 8b) 47,854,90910. Net amount to be raised for expenses to December 31of incoming year (deduct line 9 from 5) 011. Operating balance (not in excess of expense January 1 to June 30, less miscellaneous revenue

(for same period)

12. Amount to be raised by tax levy (add lines 10 and 11)

13A. Property Tax Replacement Credit from Local Option Tax

13B Operating Loit

14. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13A and 13B from line 12)

15. Levy Excess Fund Applied to Current Budget

16. Net Amount to be Raised

17. Net Tax Rate on Each One Hundred Dollars of Taxable Property









503 2012 49 6 9002

ID YEAR CO TYPE KEY


ESTIMATE OF MISCELLANEOUS REVENUES - CAPITAL GRANT PROJECTS FUND



A X B X




OTHER TAXES:

0201 Financial Institutions Tax

0202 License Excise Tax




0217 CVET Commercial Excise Tax

0207 Wheeltax

0206 Surtax


3101 Dog Licenses

3102 Cable TV




1121 Federal Matching Funds 27,457,522 20,397,3871300 Federal Payments in Lieu of Taxes























5206 Tranfer From ______________


9999 Total Columns A and B 27,457,522 20,397,387Line 8A Line 8B








503 2013 49 6 9002 MARION


ORIGINAL

PUBLISHED

BUDGET

APPROPRIATION

FUND: Capital Grants Projects DEPARTMENT: Administrative Service FUNCTION:

100000 PERSONAL SERVICES200000 SUPPLIES300000 OTHER SERVICES & CHARGES 400000 CAPITAL OUTLAY 20,397,387$

9999 TOTAL 20,397,387$



9999 TOTAL



9999 TOTAL

FUND Capital Grants TOTAL 20,397,387$ (ONLY IF DEPARTMENTALIZED)

BUDGET REPORT FOR

TAXING UNIT





FINAL BUDGET AFTER


THE DEPT. OF LOCAL

GOVT. FINANCE



503 2012 49 6 9002

ID YEAR CO TYPE KEY

Capital Grants Projects




Total



Salaries and Wages

100 Wages

Employee Benefits

120 Benefits

121 Retirement

125 Other Benefits


170 Payroll Taxes

2. SUPPLIES

Office Supplies

200 Parts

210 Office Supplies

Operating Supplies


230 Fuel


Other Supplies

240 Other Supplies




BUDGET ESTIMATE FOR

Total Supplies

TotalItems Estimate








330 Travel & Training



Insurance

360 Insurance

Utility Services


Rentals

Debt Service


Total Other Services and Charges

TotalItems Estimate

4. CAPITAL OUTLAYS

Land

Buildings



414 Capital 20,397,387

20,397,387Other Capital Outlays

20,397,387

20,397,387




Date 4th day of August 2011








FUND Federal Pass Through 31,584,305,545

Amount Used to Compute Publisted Budget

Board of Indianapolis Public Transportation Corp.

City-County Council Appropriating Body

CONTROL BOARD AND DLGF FINAL ACTION


unexpended







6. Actual cash balance, June 30 of present year of present year (including cash investments)

7. Taxes to be collected, present year (December Settlement)

8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year

(Schedule on File):

a. Total Column A Budget Form 2

b. Total Column B Budget Form 2 6,500,000 9. TOTAL FUNDS (add lines 6,7,8a and 8b) 6,500,00010. Net amount to be raised for expenses to December 31of incoming year (deduct line 9 from 5) 011. Operating balance (not in excess of expense January 1 to June 30, less miscellaneous revenue

(for same period)

12. Amount to be raised by tax levy (add lines 10 and 11)

13A. Property Tax Replacement Credit from Local Option Tax

13B Operating Loit

14. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13A and 13B from line 12)

15. Levy Excess Fund Applied to Current Budget

16. Net Amount to be Raised

17. Net Tax Rate on Each One Hundred Dollars of Taxable Property









503 2012 49 6 9003

ID YEAR CO TYPE KEY


ESTIMATE OF MISCELLANEOUS REVENUES - CAPITAL GRANT PROJECTS FUND



A X B X




OTHER TAXES:

0201 Financial Institutions Tax

0202 License Excise Tax




0217 CVET Commercial Excise Tax

0207 Wheeltax

0206 Surtax


3101 Dog Licenses

3102 Cable TV




1121 Federal Funds 6,500,0001300 Federal Payments in Lieu of Taxes























5206 Tranfer From ______________


9999 Total Columns A and B 6,500,000Line 8A Line 8B








503 2013 49 6 9003 MARION


ORIGINAL

PUBLISHED

BUDGET

APPROPRIATION

FUND: Federal Pass Through DEPARTMENT: Administrative Service FUNCTION:

100000 PERSONAL SERVICES200000 SUPPLIES300000 OTHER SERVICES & CHARGES $6,500,000 400000 CAPITAL OUTLAY

9999 TOTAL 6,500,000$



9999 TOTAL



9999 TOTAL

FUND Federal Pass Through TOTAL 6,500,000$ (ONLY IF DEPARTMENTALIZED)

BUDGET REPORT FOR

TAXING UNIT





FINAL BUDGET AFTER


THE DEPT. OF LOCAL

GOVT. FINANCE



503 2012 49 6 9003

ID YEAR CO TYPE KEY

Capital Grants Projects




Total



Salaries and Wages

100 Wages

Employee Benefits

120 Benefits

121 Retirement

125 Other Benefits


170 Payroll Taxes

2. SUPPLIES

Office Supplies

200 Parts

210 Office Supplies

Operating Supplies


230 Fuel


Other Supplies

240 Other Supplies




BUDGET ESTIMATE FOR

Total Supplies

TotalItems Estimate




310 Contract Services 6,500,000315 Maintenance Contracts



330 Travel & Training



Insurance

360 Insurance

Utility Services


Rentals

Debt Service


6,500,000

6,500,000

Total Other Services and Charges

TotalItems Estimate

4. CAPITAL OUTLAYS

Land

Buildings



414 Capital


6,500,000




Date 4th day of August 2011





PRESCRIBED BY DEPARTMENT OF LOCAL GOVERNMENT FINANCEAPPROVED BY STATE BOARD OF ACCOUNTS

presented. Following the aforementioned meeting, the fiscal body will meet at 1501 West Washington Street on August 27th, 2012 at 5:00 p.m. to adopt the following budget.

BUDGET ESTIMATENet Assessed Valuation: 31,584,305,545

Complete details of budget estimates by fund and/or department may be seen at the Indianapolis Public Transportation Corporation Offices.

1 2 3 4 5 1 2 3 4 5Maximum Estimated Maximum EstimatedFunds To Be Raised Excessive Levy Funds To Be Raised Excessive Levy

Fund Name Budget Estimate (Including appeals and Appeals (Included Current Tax Levy Fund Name Budget Estimate (Including appeals and Appeals (Included Current Tax Levylevies exempt from in Column 3) levies exempt from in Column 3)

maximum levy maximum levylimitations) limitations)

General 65,170,644 28,206,077 9,800,000 21,021,755 GeneralDebt 1,859,776 1,958,475 1,634,313 DebtCapital Grants 20,397,387 0 0 Capital GrantsCumulative Transit 14,963,707 3,158,431 3,076,354 Cumulative Transit Transportation Transportation

TOTAL 102,391,514 33,322,983 9,800,000 25,732,422 TOTAL

The 2012estimated maximum levy limitation for this unit is 24,112,034

The Property Tax Replacement Credit used to reduce the rate for this unit is 0

Taxpayers appearing at the hearing shall have an opportunity to be heard.

Date: August 2nd, 2012

BUDGET FORM NO. 3 (REVISED 2002)

Michael Terry Controller, Indianapolis Public Transportation Corp.

Notice is hereby given the taxpayers of Marion County, City of Indianapolis, Indiana, that the Board of The Indianapolis Public Transportation Corporation,at 1501 West Washington Street on August 16th, 2011, at 5:00 p.m. will conduct a public hearing on the budget.

The objecting petition must identify the provisions of the budget, tax rate, or tax levy that taxpayers object to. If a petition is filed, the political subdivision shall adopt with its budget a finding concerning the objections filed and testimonyFollowing this meeting, any ten or more taxpayers may object to a budget, tax rate, or tax levy by filing an objection petition with the proper officers of the political subdivision within seven days after the hearing.

PRESCRIBED BY DEPARTMENT OF LOCAL GOVERNEMNT FINANCE Budget Form 4 (Rev. 2002)FORM APPROVED BY STATE BOARD OF ACCOUNTS

Be it ordained by the County, City, Town or Indianapolis Public Transportation Corp. of Marion County, Indiana: That for the expenses of the County, City, or Town governement andits institutions for the year ending December 31, 2013, the sums of money shown on Budget Form 4-A are hereby appropriated and ordered set apart out of the funds hereinnamed and for the purposes herein specified subject to the laws governing the same. Such sums herein appropriated shall be held to include all expenditures authorized to be madeduring the year, unless otherwise expressly stipulated and provided for by law. In addition for the purpose of raising revenue to meet the necessary expense of county, city and towngovernment, tax rates are shown on Budget Form 4-B and included herein. Two (2) copies of Budget Forms 4-a and 4-B for all funds and departments are made a part of the budgetreport and submitted herewith.

This ordinance shall be in full force and effect from and after its passage and

approval by the Board of Director.

Yea Nay

Board Member Board Member







Attest:

INDIANAPOLIS PUBLIC TRANSPORTATION CORP.

Michael Terry, Controller

indygo budget 2013

Business

additional service

hours of service

additional bus service

service increases

operating budget overviewthe

span of service hours

longer service hours

additional funding