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JOLLEY TROLLEY OPERATING BUDGET 2006/2007 - AGN 1 ~ d ~. 1/J..: t. ()\ WSo b -13-06 e-:D),: ~, (I';L 1) a non-profit company OPERATING BUDGET 2006-2007 JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. 483 MANDALAY AVE" SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443-3655 !.- ,i a non-profit company BUDGET CONSIDERATIONS 2006-2007 I. TAKE STEPS TO INCREASE REVENUES (a) Raise fares by 25$ to $1.25 (b) Increase senior fares by 10$ to 60$ (c) Increase advertising rates by 15% (d) Increase charter rates by 15% II. REVIEW EXPENSES SO AS TO EFFECTLVELY ~ONTROL t~\ (a) Re-visit insurance cost for additional reduction (b) Strive to further reduce workers' comp cost (c) Eliminate overtime (d) Control maintenance costs with greater in-house activity (e) Monitor labor costs III. FACTORS NOT IN OUR CONTROL (a) Price of gasoline and maintenance parts (a) Tourism activity in 2006-2007 JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER,INC. 483 MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443-3655 a non-profit company IV. OPTIONS (a) Seek out and procure available grants. This will require time and professional grant writting. Time currently is too short. (b) Enter into an agreement with the City to increase the City's contribution by $27,960 for 2006-2007. (1) Cap the City's exposure to $309,180 per year. (2) Agree to extending the agreement to either three (3) or five (5) years. f~" (c) Trolley agrees to reduce City's commitment each year as circumstances permit.. JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. 483 MANDALAY AVE" SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443-3655 .,i . t 'OPERATING BUDGET 2006-2007 REVENUE City Grant Fares Advertising Interest Income Charters Other Income 309,180 120,000 92,000 1 , 300 103,000 -0- Total Revenue 625,480 EXPENSE ~~~ Wages, Drivers Wages, Indirect Wages, Overtime Premo Wages, Clerical Wages, Maintenance Salaries, Admin. Payroll Taxes Workers I Comp. . Maint'. 'Parts, Eto. Insuranoe Fuel Office Expense .. Personnel Costs Utilities Facili'ties Rent Equip. Rental Professional Fees Other Taxes & Fees Miscellaneous 190,750 11,000 880 23,000 35,000 50,040 ,35,000 16,000 45,000 59,000 108,000' 2,660 8,500 6,000 22,400 2,500 6,500 2,350 900 Total Expense 625,480 Net Change In Assets. -0- ',:'.'1' JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. 483 MANDALAY AVE., SUITE 213 CLEARWATER, FL 33767 (727) 445-1200 FAX (727) 443-3655 :. I" . 4/;. . ~;~\~~,' ": . . . .~;:'~':.,,:<;f~:::~... ...~., REVENUE city Grant Fares Advertising, ' . Interest . Income ' Charters '.....' ;.. Other Income' Total Revenue EXPENSE (~n.!~, Wages, Drivers Vlages, Indireot Wages, Overtime Prem. Wages, Clerical Wages, Maintenanoe Salaries, Admin. Payroll Taxes . . Workers I Comp....:. Maint'. 'Parts, Eto., Insurance . Fuel .. Office Expense C.: Personnel Costs' utilities Facili'ties Rent Equip. Rental Professional Fees Other Taxes & Fees Hiscellaneous Total Expense Net Change In Assets ..~. . ;: '. . OPERATING BUDGET . :':'IT:~>; . , +~~~. :":.,~, ~!. ,., " . : '"1, ~; '. '{I.' ~...~" COMPARISONS 2006-2007 2005-2006 /~ 309,180 120,000 92,000 1,300 103,000 -0- 625,480 281,220 115,981 79,148 1,255 .98,165 -0- , 575,769 190,750 11,000 880 23,000 35,000 50,040 35,000 16,000 45,000 59,000 108,000 2,660 8,500 6,000 22,400 :2,500 6,500 2,350 900 187,744 10,080 3,930 22,258 36,866 48,424 34,916 26,996 33,531 67,400 61,250 2,165 7,837 6,084 21,164 2,468 5,750 2,320 520 625,480 581,703 -0- (5,934) JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. 483 MANDALAY AVE" SUITE 213 CLEARWATER, FL 33767 (727) 445.1200 FAX (727) 443.3655 f DIFFERENCE 27,960 4,019 12,852 45 4,835 -0- 49,711 3,006 920 (3,050) 742 (1,866) 1,616 84 (10,996) 11,469 (8,400) 46,750 495 663 (84) 1,236 32 750 30 380 43,777 5,934