january 2018 supplement507 (412,993)-32.8% total operating revenue $55,549,056 $56,917,138...
TRANSCRIPT
Category 2017 2018 ChangePercent Change
Thruway Operating Expenses Admin and General $2,072,667 $2,451,145 $378,478 18.3% Engineering Services 578,056 430,372 (147,684) -25.5% Maintenance Engineering Thruway Maintenance 8,382,906 10,410,840 2,027,934 24.2% Equipment Maintenance 2,174,173 2,662,544 488,371 22.5% Finance and Accounts 733,716 755,337 21,621 2.9% Operations Traffic and Services 694,748 715,744 20,996 3.0% Toll Collection 3,137,490 3,209,286 71,796 2.3% General Charges * 16,489,085 15,504,086 (984,999) -6.0%
Total Thruway Operating $34,262,841 $36,139,354 $1,876,513 5.5%
Other Operating Expenses State Police** $4,582,919 $5,108,703 $525,784 11.5%
Total Other Operating Expenses $4,582,919 $5,108,703 525,784 11.5%
Total Operating Expenses $38,845,760 $41,248,057 $2,402,297 6.2%
* Includes unfunded OPEB and Pension Adjustment (See Notes D and F of Monthly Statement) and are as follows: Pension Contributions $1,842,702 $1,867,500 $24,798 1.3% Pension Adjustment LT liability and deferred Pension resources $719,208 $365,780 ($353,428) -49.1% Funded Health Insurance & Other Benefits 4,964,144 5,194,804 230,660 4.6% Unfunded Health Insurance & Other Benefits 3,845,500 3,230,250 (615,250) -16.0% Social Security 1,025,282 1,070,556 45,274 4.4% Workers' Compensation Insurance 814,167 794,384 (19,783) -2.4%
E-ZPass Account Mgmt & Tolls by Mail Admin. 3,151,897 3,283,333 131,436 4.2%Other General Charges 126,185 (302,520) (428,705) -339.7%
Total General Charges $16,489,085 $15,504,086 ($984,999) -6.0%
** Reflects the State Police expenses that the Authority reimburses the State as part of the 2016/17 Approved State Budget as of 4/1/2016.In addition, the Canal Corporation was tranferred to the New York Power Authority on 1/1/2017.
Category 2017 2018 ChangePercent Change
Toll Revenue $52,408,057 $50,889,524 ($1,518,533) -2.9% Passenger Revenue 29,903,431 28,454,624 (1,448,807) -4.8% Commercial Revenue 22,504,626 22,434,900 (69,726) -0.3%
Concession Revenue 812,433 801,480 (10,953) -1.3% Gasoline Revenue 157,894 169,643 11,749 7.4% Restaurant Revenue 654,539 631,837 (22,702) -3.5%
E-ZPass Revenue 1,291,064 1,608,013 316,949 24.5%
Toll By Mail Fee's *** 715,095 1,396,999 681,904 95.4%
Rental Income 86,720 115,888 29,168 33.6%
Interest Earnings 110,929 427,178 316,249 285.1%
Special Hauling Permits 145,332 147,234 1,902 1.3%
Sundry Revenue 62,888 133,201 70,313 111.8%
Total Operating Revenue $55,632,518 $55,519,517 ($113,001) -0.2%
*** Toll by Mail fee's are from the Tappan Zee Barrier All Electronic Toll Collection operation that started April 24, 2016.
Operating ExpensesYear-To-Date
Operating RevenuesYear-To-Date
2
2018 Budget Actual DifferencePercent
Difference
Total Operating Expenses:Thruway Operating Expenses * $31,192,093 $32,445,876 $1,253,783 4.0%Claims and Environmental Reserves 83,333 97,448 14,115 16.9%Other Operating Expenses- State Police ** 4,695,202 5,108,703 413,501 8.8% Total Operating Expenses $35,970,628 $37,652,027 $1,681,399 4.7%
Total Operating Revenues:Toll Revenue *** $51,269,613 $50,889,524 ($380,089) -0.7% Adjust to Cash basis w/ AET receivable 1,376,615 n/aNet Toll Revenue *** $51,269,613 $52,266,139 $996,526 1.9%Concession Revenue 734,443 801,480 67,037 9.1%E-ZPass and Tolls By Mail fee's 2,287,500 3,005,012 717,512 31.4%Sundry, Interest & Special Hauling Revenue 1,257,500 844,507 (412,993) -32.8% Total Operating Revenue $55,549,056 $56,917,138 $1,368,082 2.5%
* Excludes unfunded OPEB (See Note F of Monthly Statement) and adjustment of net Pension liability and changes in Inflows/outflows adopted in 2015 in accordance with GASB 68 (see Note D).
Year-To-Date
Operating Budget vs. Actual
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Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Mill
ions
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rs2018 YTD Operating Expenses
Thruway State Police
Note: Includes net Pension Liability and unfunded OPEB (See Notes D and F of Monthly Statement
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Administration, $2,451,145, 5.9%
Engineering Services, $430,372, 1.0%
Thruway Maintenance, $10,410,840, 25.2%
Equipment Maintenance,
$2,662,544, 6.5%
Finance and Accounts, $755,337, 1.8%
Traffic and Services, $715,744, 1.7%
Toll Collection, $3,209,286, 7.8%
General Charges, $15,504,086, 37.6%
State Police, $5,108,703, 12.4%
2018 YTD Operating Expenses
Note: General Charges include net Pension liability and unfunded OPEB (See Notes D and F of Monthly Statement)
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Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Mill
ions
of D
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rs2018 YTD Operating Revenues
Passenger Tolls Commercial Tolls Concession Revenue E-ZPass and Tolls By Mail Fee's Interest, Sundry and Spec. Hauling Permits
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Passenger Toll Revenue, $28,454,624,
51.3%Commercial Toll Revenue, $22,434,900,
40.4%
Concession Revenue, $801,480, 1.4%
E-ZPass Fee's,$1,608,013, 2.9%
Toll By Mail Fee's, $1,396,999, 2.5%
Rental Income, $115,888, 0.2%
Interest Earnings, $427,178, 0.8%
Special Hauling Permits, $147,234, 0.3%
Sundry Revenue, $133,201, 0.2%
2018 YTD Operating Revenue
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Ticket - Woodbury to Buffalo, $28,935,961 ,
54.5%
Ticket - Erie Section, $3,993,119 , 7.5%
Grand Island Bridges, $1,307,130 , 2.5%
Tappan Zee Bridge, $11,026,380 , 20.7%
Yonkers Barrier, $1,752,036 , 3.3%
New Rochelle Barrier, $3,149,284 , 5.9%
Spring Valley Barrier, $870,878 , 1.6%
Harriman Barrier, $1,760,494 , 3.3% Ticket - Permit Plans,
$344,078 , 0.6%
2018 YTD Toll Collections, By Location
.
Note: Excludes Impact of Commercial Volume Discount Program.
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10.0
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Mill
ions
of G
allo
nsFuel Deliveries to Service Areas
Year-To-Date Change: 7.24%
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6.6 6.4
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Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Mill
ions
of D
olla
rsRestaurant Sales at Service Plazas
Year-To-Date Change: -2.84%
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Construction Fund, $8,103,176, 17.3%
Facilities Capital Improvement Fund (NNYB),
$32,835,303, 70.2%
Reserve Maintenance Fund, $5,791,096, 12.4%
2018 YTD Capital Program Expenses, by FundYTD Total Expenses = $46.7 million
Note:General Reserve Fund (Cash): State Police Equipment & FacilitieslReserve Maintenance Fund (Cash): Thruway Equipment & CapitalConstruction Fund (Bonds): Thruway CapitalFacilities Capital Improvement Fund (Cash/Bonds): New NY Bridge Project
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-$5
$20
$45
$70
$95
$120
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Mill
ions
of D
olla
rs2018 YTD Capital Program Expenses, By Fund
Construction Fund Facilities Capital Improvement Fund (NNYB)
Reserve Maintenance Fund General Reserve Fund
YTD Total Expenses = $46.7 million
Note:General Reserve Fund (Cash): State Police Equipment & FacilitiesReserve Maintenance Fund (Cash): Thruway Equipment & CapitalConstruction Fund (Bonds/State): Thruway CapitalFacilities Capital Improvement Fund (Cash/Bonds/State): New NY Bridge Project
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Bond Proceeds, $945,651 , 2.0%
Cash, $7,066,282 , 15.1%
Federal Aid, $0 , 0.0%
Thruway Stabilization Funds, $38,731,759 , 82.9%
Other, $882 , 0.0%
2018 YTD Capital Funding SourcesYTD Total Expenses = $46.7 million
`
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$8,103,176
$32,835,303
$5,791,096 $14,998
$245,633,728
$458,701,216
$159,009,198
$32,0000
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
350,000,000
400,000,000
450,000,000
500,000,000
Construction Fund Facilities Capital ImprovementFund (NNYB)
Reserve Maintenance Fund General Reserve Fund
Dol
lars
2018 YTD Capital Expenses, By Fund
Year to Date Expenses Annual Estimate (2018 Budget)
YTD Total Expenses = $46.7 million
Note:General Reserve Fund (Cash): State Police Equipment & FacilitiesReserve Maintenance Fund (Cash): Thruway Equipment & CapitalConstruction Fund (Bonds/State): Thruway CapitalFacilities Capital Improvement Fund (Cash/Bonds/State): New NY Bridge Project
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$33,349,618
$23,751,527
$104,056,180
$17,0020
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
Facilities CapitalImprovement Fund (NNYB)
Construction Fund Reserve Maintenance Fund General Reserve Fund
Mill
ions
of D
olla
rs2018 Capital Fund Balances at End of Month
Note:General Reserve Fund (Cash): State Police Equipment & FacilitiesReserve Maintenance Fund (Cash): Thruway Equipment & CapitalConstruction Fund (Bonds): Thruway CapitalFacilities Capital Improvement Fund (Cash/Bonds): New NY Bridge Project
(Net of Capitalized interest)
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Prod
ucer
Pric
e In
dex
(198
2=10
0)Producer Prices: Construction Inputs
Asphalt Paving Mixtures No. 2 Diesel Fuel Steel Mill Products
Source: U.S. Department of Labor
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120
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200
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270
Prod
ucer
Pric
e In
dex
(198
2=10
0)Producer Prices: Construction Inputs
Concrete Products Light Motor Trucks Heavy Trucks Const. Machinery & Equipment
Source: U.S. Department of Labor
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80
100
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140
160
180
200
220
240
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400
420
Cen
ts P
er G
allo
nAverage Retail Price of Gasoline in U.S.
All Grades
Actual
D.O.E. Forecast
Source: U.S. Department of Energy
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2017 2018 ChangePercent Change
Revenue Trips - LocationToll Ticket System Woodbury to Williamsville 9,823,797 9,699,746 (124,051) -1.3% Erie Section 1,449,157 1,469,426 20,269 1.4%
Total Ticket System 11,272,954 11,169,172 (103,782) -0.9%
Bridges and Barriers Grand Island South 948,568 925,151 (23,417) -2.5% Grand Island North 762,132 735,784 (26,348) -3.5% Tappan Zee 2,004,090 1,981,403 (22,687) -1.1% Yonkers 1,312,533 1,288,281 (24,252) -1.8% New Rochelle (I-95) 1,523,989 1,493,784 (30,205) -2.0% Spring Valley (Commercial Only) 121,462 128,063 6,601 5.4% Harriman 1,394,072 1,355,408 (38,664) -2.8% Total Bridges and Barriers 8,066,846 7,907,874 (158,972) -2.0%
Total Trips 19,339,800 19,077,046 (262,754) -1.4%Non-Revenue Trips 115,285 123,253 7,968 6.9%
Total Revenue Trips 19,224,515 18,953,793 (270,722) -1.4%
Revenue Trips - Type 2015 2016 ChangePassenger 17,030,405 16,699,680 (330,725) -1.9%Commercial 2,194,110 2,254,113 60,003 2.7%
Total Revenue Trips 19,224,515 18,953,793 (270,722) -1.4%
Miles Traveled - Revenue Trips
Toll Ticket System 411,747,416 399,684,919 (12,062,497) -2.9%NY Division Bridge/Barriers 112,827,838 110,884,247 (1,943,591) -1.7%Williamsville-Lackawanna 25,505,456 25,132,608 (372,848) -1.5%Grand Island Bridges 17,043,400 16,533,670 (509,730) -3.0%
Total Revenue Trip Miles 567,124,110 552,235,444 (14,888,666) -2.6%
Average Trip Length (Miles) - All Trips - Ticketed System
Passenger 33.54 32.58 (0.96) -2.9%Commercial 60.78 60.59 (0.19) -0.3%Overall 36.81 36.08 (0.73) -2.0%
Year-To-Date
Thruway Traffic Information
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Ticket - Woodbury to Buffalo, 9,699,746 ,
50.8%
Ticket - Erie Section, 1,469,426 , 7.7%
Grand Island Bridges, 1,660,935 , 8.7%
Tappan Zee Bridge, 1,981,403 , 10.4%
Yonkers Barrier, 1,288,281 , 6.8%
New Rochelle Barrier, 1,493,784 , 7.8%
Spring Valley Barrier, 128,063 , 0.7%
Harriman Barrier, 1,355,408 , 7.1%
2018 YTD Total Thruway Trips, By Location
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-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Perc
ent C
hang
e O
ver P
rior Y
ear
Percent Change in Monthly Thruway TrafficTotal Passenger and Commercial Revenue Trips
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-18%
-16%
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Perc
ent C
hang
e O
ver P
rior Y
ear
Percent Change in Monthly Thruway TrafficPassenger Commercial
By Passenger and Commercial Revenue Trips
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