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BUDGET OPERATING PLAN 2004-2005
~~ \--\o-n,\\O'N HE '" M',' ,; ,,"'0/ ',' '.j';''''4'' ,.. ., 7 .ce'. f", \ t. . i.iiJiJ ()lC" JOllEY TROLLEY BUDGET OPERATING PLAN 2004 -2005 QDOj\()\0\Q~ \(\J ~\'\\'\~ O~~ .' REVENUE City Grant Fares Advertising Interest Income Charters . Other Income Total Revenue EXPENSE Wages, Drivers Wages, Indirect Wages, Overtime Wages, Clerical Wages, Maintenance Salaries, Admin. Payroll Taxes Workers' Camp, Maint. Parts & Repair Insurance Fuel Office Expense Personnel Costs Utilities Facilities Rent Equipment Rental Professional Fees Other Taxes & Fees Miscellaneous Total Expense Net Change In Assets OPERATING PLAN 2004-2005 AMOUNT 281,220 118,050 75,000 810 78,000 420 553,500 174,415 9,820 2,625 22,700 36,400 48,080 26,720 16,590 45,400 72,610 49,470 4,390 8,160 4,770 20,640 2,420 4,900 1,920 1,470 553,500 -0- JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. 483 MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443-3655 REVENUE City Grant Fares Advertising Interest Income Charters Other Income Total Revenue EXPENSE Wages, Drivers Wages, Indirect Wages, Overtime Wages, Clerical Wages, Maintenance Salaries, Admin. Payroll Taxes Workers' Comp. Maint. Parts, etc. Insurance Fuel Office Expense Personnel Costs utilities Facilities Rent Equip. Rental Professional Fees Other Tax & Fees Miscellaneous Total Expense Net Change In Assets / OPERATING COMPARISONS 2003-2004 2004-2005 291,240 98,280 61,491 1,750 85,110 360 281,220 118,050 75,000 810 78,000 420 538,231 553,500 164,576 -0- -0- 39,69a 35,040 42,640 23,900 17,220 50,620 70,250 42,000 9,170 9,750 3,355 20,940 -0- 5,600 2,230 1,250 174,415 9,820 2,625 22,700 36,400 48,080 26,720 16,590 45,400 72,610 49,470 4,390 8,160 4,770 20,640 2,420 4,900 1,920 1,470 538,231 553,500 -0- -0- JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. . 483 MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443.3655 Difference - 10,020 + 19,770 + 13,509 940 7,110 + 60 + 15,269 + 9,839 + 9,820 + 2,625 - 16,990 + 1,360 + 5,440 + 2,820 630 5,220 + 2,360 + 7,470 4,780 1,590 + l,415 300 + 2,420 700 310 + 220 + 15;269 -0- REVENUE City Grant Fares Advertising Interest Income Charters Other Income Total Revenue EXPENSE Wages, Drivers Wages, Indirect Wages, Overtime Wages, Clerical Wages, Maintenance Salaries, Admin. Payroll Taxes Workers' Compo Maint. Parts, etc. Insurance Fuel Office Expense Personnel Costs Utilities Facilities Rent Equip. Rental Professional Fees Other Tax & Fees Miscellaneous Total Expense Net Change In Assets QUARTERLY OPERATING PLAN FIRST QUARTER 2004-.2005 OCTOBER NOVEMBER 23,435 6,935 5,500 55 7,350 30 23,435 6,660 5,500 55 5,580 30 43,305 41,260 15,030 845 205 1,745 2,830 3,695 2,210 1,380 3,895 6,000 4,260 350 535 410 1,720 -0- -0- -0- -0- 14,060 790 130 1,745 2,790 3,695 2,105 1,380 3,655 6,000 4,000 350 1,135 395 1,720 -0- -0- 1,765 350 45,110 46,065 (1,805) (4,805) JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. . 4B3MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443-3655 DECEMBER 23,435 5,970 5,500 60 8,050 30 43,045 13,915 790 225 2,185 3,460 4,630 2,300 1,380 3,630 6,000 3,940 350 . 1,270 380 1,720 605 -0- 50 -0- 46,830 (3,785) REVENUE City Grant Fares Advertising Interest Income Charters Other Income Total Revenue EXPENSE Wages, Drivers Wages, Indirect Wages, Overtime Wages, Clerical Wages, Maintenance' Salaries, Admin. Payroll Taxes Workers' Comp. Maint. Parts, etc. Insurance Fuel Office Expense Personnel Costs utilities Facilities Rent Equip. Rental Professional Fees Other Tax & Fees Miscellaneous Total Expense Net Change In Assets QUARTERLY OPERATING PLAN SECOND QUARTER 2004-2005 JANUARY FEBRUARY MARCH 23,435 6,260 6,000 60 3,980 30 23,435 8,540 6,000 65 3,960 30 23,435 14,655 6,000 65 8,480 30 39,765 42,030 52,665 14,545 820 105 1 , '7 4 5 2,790 3,695 2,150 1,380 3,790 5,945 4,130 360 535 395 1,720 -0- 4,900 -0- -0- 13,580 770 100 1,745 2,725 3,695 2,055 1,380 3,540 5,945 3,870 360 535 370 1,720 -0- -0- -0- -0- 14,545 815 130 2,185 3,495 4,630 . 2, .350 1,380 3,790 5,945 4,130 360. 670 400 1,720 605 -0- -0- 360 49,005 42,390 47,510 (9,249) (360) 5,155 JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. . 483 MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445.1200 FAX (727) 443-3655 .' QUARTERLY OPERATING PLAN REVENUE ,City Grant Fares Advertising Interest Income Charters Other Income Total Revenue EXPENSE Wages, Drivers Wages, Indirect Wages, Overtime Wages, Clerical Wages, Maintenance' Salaries, Admin. Payroll Taxes Workers' Compo Maint. Parts, etc. Insurance Fuel Office Expense Personnel Costs utilities Facilities Rent Equip. Rental Protessional Fees Other Tax & Fees Miscellaneous Total Expense Net Change In Assets THIRD QUARTER 2004-2005 APRIL MAY JUNE 23,435 14,085 6,500 70 9,480 40 23,435 11,960 6,500 70 7,620 40 23,~35 10,S45, 6,500 75 7,650 40 53,610 49,625 48,245 14,545 820 295 1 , 745' 2,830 3,695 2,170 1,380 3,790 5,945 4,130 375 535 395 1,720 -0- -0- 70 -0- 15,035 845 135 1,745 2,830 3,695 2,200 1,380 3,910 5,945 4,260 375 535 410 1,720 -0- -0- 35 370 14,545 815 190 2,185 . 3,495 4,630 2,355 1,380 3,790 7,050 4,130 375 670 395 1,720 605 -0- -0- -0- 44,440 . 9,170 45,425 4,200 48,330 (85) JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. . 483 MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443-3655 REVENUE City Grant Fares Advertising Interest Income Charters Other Income Total Revenue EXPENSE Wages, Drivers Wages, Indirect Wages, Overtime Wages, Clerical Wages, Maintenance Salaries, Admin. Payroll Taxes Workers' Compo Maint. Parts, etc. Insurance Fuel Office Expense . Personnel Costs utilities Facilities Rent Equip. Rental Protessional Fees Other Tax & Fees Miscellaneous Total Expense Net Change In Assets QUARTERLY OPERATING PLAN FOURTH QUARTER 2004-2005 JULY AUGUST 23,435 12,740 7,000: 75 4,870 40 23,435 11,220 7,000 80 7,420 40 48,160 49,195 1 5,035 845 840 1,745 2,830 3,695 2,270 1,390 3,910 5,945 4,260 375 535 415 1,720 -0- -0- -0- -0- 15,035 845 175 1,745 2,830 3,695 2,210 1,390 3,910 5,945 4,245 380 535 410 1,720 -0- -0- -0- 390 45,810 45,460 3,735 2,350 JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. . 483 MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443-3655 SEPTEMBER 23,435 8,480 7,000 80 3,560 40 42,595 14,545 820 95 2,185 3,495 4,630 2~345 1,390 3,790 5,945 4,115 380 670 395 1 ,720 605 -0- -0- -0- 47,125 (4,530) QUARTERLY SUMMARY 2004-2005 fi~st Second Third Fourth REVENUE Quarter Quarter Quarter Quarter City Grant 70,305 70,305 70,305 70,305 Fares 19,565 29,455 36,590 32;440 Advertising 16,~00 18,000 1~,5.00 21,000 Interest Income 170 190 - 2,15 235 Charters 20,980 16,420 24,750 15,850 Other Income 90 90 120 120 Total Revenue 127,610 134,460 151,480 139,950 EXPENSE Wages, Drivers 43,005 42,670 44,125 44,615 Wages, Indirect 2,425 2,405 2,480 2,510 Wages, Overtime 560 335 620 1,110 Wages, Clerical 50675- 5,675 5,675 5,675 Wages, Maintenance . 9,080 9,010 9;155 9,155 Salaries, Admin. 12,020 12,020 12,020 12,020 Payroll Taxes 6,615 6,555 6,725 6,825 Workers' Comp. 4,140 4,140 4,140 4,170 Maint. Parts, etc. 11,180 11,120 11,490 11,610 Insurance 18,000 17,835 18,940 17,835 Fuel 12,200 12,130 12,520 12,620 Office Expense 1 ,050 1,080 1,125 1 , 135 Personnel Costs 2,940 1,740 1,740 1,740 utilities 1,185 1,165 1,200 1,220 Facilities Rent 5,160 5,160 5,160 5,160 Equip. Rental 605 605 605 605 Professional Fees -0- 4,900 -0- -0- Other Tax & Fees 1,815 -0- 105 -0- Miscellaneous 350 360 370 390 Total Expense 138,005 138,905 138,195 138,395 Net Change (10,395) (4,445) 13,285 1,555 In AS'sets JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. . 483 MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443-3655 PLAN CONSIDERATIONS I. Development of plan 2004-2005 provides for a City grant reduction of $10,020. II. In general, costs have been inflated by 3 percent. III.We anticipate that fuel costs will moderate in 2005 and have adjusted current fuel cost by 10 cents. IV. With visitor activity on the upswing, we anticipate an increase in fare revenue of 20 percent over 2003- 2004 plan..level and about l() percentover/2003-2004 actual. V. Advertising will' remain strong while charters, although higher in numbers, will be down in revenue due to low dollar contracts. VI. Driver retention remains unpredictable and advertising for drivers may be a continuing program in 2004-2005. VII.Popularity of the Trolley is increasing and should be a plus with respect to fare revenue and tourist interest., JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. 483 MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445.1200 FAX (727) 443.3655 . NOTES