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MTA 2020Preliminary Budget
July Financial Plan2020 - 2023
Presentation to the Board
July 24 2019
1
The MTA Budget ProcessJuly Plan ndash Start of the Annual Processbull Current year is revised (the ldquoMid-Year Forecastrdquo) preliminary presentation of the following yearrsquos
proposed budget (the ldquoPreliminary Budgetrdquo) and a three-year re-forecast of out-year financesbull Includes gap-closing proposals for balancing the budget and highlights actions requiring public
hearingsbull Mid-Year Forecast becomes the basis for comparing monthly results for the remainder of the year
November Planbull Update of the 5-year July Plan prepared after stakeholders weigh in bull Reflects the impact of new developments and risksbull Includes a revised current year (the ldquoNovember Forecastrdquo) finalization of the proposed budget for the
upcoming year (the ldquoFinal Proposed Budgetrdquo) and projections for the three out-yearsDecember ndash Budget Adoptionbull Update of the November Plan to reflect further developments risks and actions necessary to ensure
budget balancebull Presented to the MTA Board for review and approval
February Planbull Certain below-the-line policy issues covered in Decemberrsquos budget adoption approval are moved into
the baseline technical adjustments are made and the current year becomes the ldquoAdopted Budgetrdquobull Allocated over the 12-month period and is the basis for comparing monthly results
2
Non-Reimbursable Final Adopted Estimate Budget 2018 2019 2020 2021 2022
Operating RevenuesFarebox Revenue $6153 $6122 $6144 $6134 $6144Toll Revenue 1967 1984 1990 1998 1998 Other Revenue 662 705 733 757 743
Total Operating Revenue $8782 $8810 $8867 $8889 $8886
Total Subsidies $7242 $7238 $7370 $7576 $7807Dedicated Taxes as a of Total Revenues + Subs - PMT $0 $0 $0 $0 $0
Total Revenues + Subsidies $16023 $16048 $16237 $16465 $16693
Operating ExpensesLabor Expenses $9920 $10039 $10436 $10787 $11097Non-Labor Expenses 3749 3884 3786 3894 3994 Other 134 158 84 36 22 General Reserve 0 165 170 175 180
Total Operating Expenses $13803 $14246 $14476 $14891 $15293
Debt Service Expenses $2559 $2692 $2840 $3080 $3223
Total Expenses + Debt Service $16362 $16938 $17316 $17971 $18516
Conversion to Cash Basis 296 363 188 (17) 88
Baseline Net Cash Balance Before B-T-L Adjustments ($43) ($527) ($891) ($1523) ($1735)
Total Below-the-Line Adjustments $0 $459 $413 $709 $760Prior Year Carryover 121 79 11 0 0
NET CASH BALANCE $79 $11 ($467) ($814) ($976)
MTA February Financial Plan 2019-2022Consolidated Statement Of Operations By Category ($ in millions)
3
The February Financial Plan included large out-year deficits even with faretoll increases and substantial cost reduction targets
($ in millions)
11
(467)
(814)
(976)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022
This Year Next Year Out-Years
What has changed since the February Plan
Changes and re-estimates over the Plan period (2019 ndash 2022)bull Changes and re-estimates improving financial results
bull Higher MMTOA subsidies ($184 million)bull Higher yield from additional 23 in tolls ($173 million)bull Lower maintenanceother operating contracts ($173 million)bull Higher MTA Aid car rental tax ($35 million)
bull Changes and re-estimates worsening financial resultsbull Actuary recalculation of pension liability ($550 million)bull Agency re-estimates and rate change adjustments ($189 million)bull Higher overtime expenses ($131 million)bull Lower rentaladvertising revenues ($83 million)bull Lower real estate tax revenues ($59 million)
In total these changes and re-estimates along with other changes are $447 million unfavorable for the Plan period
4
Highlights of the July Plan
bull Proposed biennial fare and toll increases of 4 in 2021 and 2023 (versus projected 2-year CPI inflators of 49 and 47 in 2021 and 2023 respectively)
bull Maintained investments from prior plans including maintenance of the Subway Action Plan funded from Phase 1 of Congestion PricingFHV fees
bull Renewed emphasis to gain control of and reduce fare evasion (investment of $62 million over the Plan period)
bull MTA is using ldquoone-shotsrdquo to balance the budget in the transition years 2019 and 2020
o 2019 - 2018 favorable year-end balance ndash mostly timing ndash and impacts 2019 ($372 million)
- Freeze on filling all non-operationalnon-essential vacancies ($68 million)
- Other restrictions on non-essential spending including non-revenue vehicle purchases travelprofessional memberships ($44 million)
- One-time reduction of committed to capital contributions ($64 million)
o 2020 - Drawdown of 2019 General Reserve ($165 million)
bull Annual recurring savings targets of $350 million beginning in 2020 have been identified by HQ and Agencies
5
6
These actions will not suffice and significant deficits remain($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
50
(186)
(569)
(816)
(971)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanJuly Plan without Transformation Plan Savings
MTA Transformation Plan
bull State-mandated plan to review operations and implement changes to streamline internal processes clarify responsibilities solidify accountability and work more efficiently to regain trust of our customers and funding partners and improve MTArsquos ability to deliver safe and reliable service our customers deserve
bull Plan recommendationsbull Refocus the operating agencies on mission-critical operating priorities of safety reliability and
servicebull Centralize common support functions to improve operations and create opportunities to ensure
consistent standards quality and policies across departmentsbull Unify the management of capital programs to improve and streamline planning development
and construction so capital improvements can be delivered on time and on budgetbull Expand senior leadership by adding a Chief Transformation Officer a Chief Operating Officer a
Chief Engineering Officer and an MTA Accessibility Officer
bull Consolidation and efficiency targets of $370 million to $530 million on an annual basis have been identified
bull If the MTA Transformation Plan is approved and implemented the July Financial Plan will have small operating balances in 2019 and 2020 a small deficit in 2021 with out-year deficits reaching $433 million in 2023
7
8
The adoption and implementation of the MTA Transformation Planhas the potential to significantly reduce out-year deficits
($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
61 55
(26)
(281)
(433)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanProposed July Plan
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
| MTA July Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $17244782 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
1
The MTA Budget ProcessJuly Plan ndash Start of the Annual Processbull Current year is revised (the ldquoMid-Year Forecastrdquo) preliminary presentation of the following yearrsquos
proposed budget (the ldquoPreliminary Budgetrdquo) and a three-year re-forecast of out-year financesbull Includes gap-closing proposals for balancing the budget and highlights actions requiring public
hearingsbull Mid-Year Forecast becomes the basis for comparing monthly results for the remainder of the year
November Planbull Update of the 5-year July Plan prepared after stakeholders weigh in bull Reflects the impact of new developments and risksbull Includes a revised current year (the ldquoNovember Forecastrdquo) finalization of the proposed budget for the
upcoming year (the ldquoFinal Proposed Budgetrdquo) and projections for the three out-yearsDecember ndash Budget Adoptionbull Update of the November Plan to reflect further developments risks and actions necessary to ensure
budget balancebull Presented to the MTA Board for review and approval
February Planbull Certain below-the-line policy issues covered in Decemberrsquos budget adoption approval are moved into
the baseline technical adjustments are made and the current year becomes the ldquoAdopted Budgetrdquobull Allocated over the 12-month period and is the basis for comparing monthly results
2
Non-Reimbursable Final Adopted Estimate Budget 2018 2019 2020 2021 2022
Operating RevenuesFarebox Revenue $6153 $6122 $6144 $6134 $6144Toll Revenue 1967 1984 1990 1998 1998 Other Revenue 662 705 733 757 743
Total Operating Revenue $8782 $8810 $8867 $8889 $8886
Total Subsidies $7242 $7238 $7370 $7576 $7807Dedicated Taxes as a of Total Revenues + Subs - PMT $0 $0 $0 $0 $0
Total Revenues + Subsidies $16023 $16048 $16237 $16465 $16693
Operating ExpensesLabor Expenses $9920 $10039 $10436 $10787 $11097Non-Labor Expenses 3749 3884 3786 3894 3994 Other 134 158 84 36 22 General Reserve 0 165 170 175 180
Total Operating Expenses $13803 $14246 $14476 $14891 $15293
Debt Service Expenses $2559 $2692 $2840 $3080 $3223
Total Expenses + Debt Service $16362 $16938 $17316 $17971 $18516
Conversion to Cash Basis 296 363 188 (17) 88
Baseline Net Cash Balance Before B-T-L Adjustments ($43) ($527) ($891) ($1523) ($1735)
Total Below-the-Line Adjustments $0 $459 $413 $709 $760Prior Year Carryover 121 79 11 0 0
NET CASH BALANCE $79 $11 ($467) ($814) ($976)
MTA February Financial Plan 2019-2022Consolidated Statement Of Operations By Category ($ in millions)
3
The February Financial Plan included large out-year deficits even with faretoll increases and substantial cost reduction targets
($ in millions)
11
(467)
(814)
(976)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022
This Year Next Year Out-Years
What has changed since the February Plan
Changes and re-estimates over the Plan period (2019 ndash 2022)bull Changes and re-estimates improving financial results
bull Higher MMTOA subsidies ($184 million)bull Higher yield from additional 23 in tolls ($173 million)bull Lower maintenanceother operating contracts ($173 million)bull Higher MTA Aid car rental tax ($35 million)
bull Changes and re-estimates worsening financial resultsbull Actuary recalculation of pension liability ($550 million)bull Agency re-estimates and rate change adjustments ($189 million)bull Higher overtime expenses ($131 million)bull Lower rentaladvertising revenues ($83 million)bull Lower real estate tax revenues ($59 million)
In total these changes and re-estimates along with other changes are $447 million unfavorable for the Plan period
4
Highlights of the July Plan
bull Proposed biennial fare and toll increases of 4 in 2021 and 2023 (versus projected 2-year CPI inflators of 49 and 47 in 2021 and 2023 respectively)
bull Maintained investments from prior plans including maintenance of the Subway Action Plan funded from Phase 1 of Congestion PricingFHV fees
bull Renewed emphasis to gain control of and reduce fare evasion (investment of $62 million over the Plan period)
bull MTA is using ldquoone-shotsrdquo to balance the budget in the transition years 2019 and 2020
o 2019 - 2018 favorable year-end balance ndash mostly timing ndash and impacts 2019 ($372 million)
- Freeze on filling all non-operationalnon-essential vacancies ($68 million)
- Other restrictions on non-essential spending including non-revenue vehicle purchases travelprofessional memberships ($44 million)
- One-time reduction of committed to capital contributions ($64 million)
o 2020 - Drawdown of 2019 General Reserve ($165 million)
bull Annual recurring savings targets of $350 million beginning in 2020 have been identified by HQ and Agencies
5
6
These actions will not suffice and significant deficits remain($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
50
(186)
(569)
(816)
(971)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanJuly Plan without Transformation Plan Savings
MTA Transformation Plan
bull State-mandated plan to review operations and implement changes to streamline internal processes clarify responsibilities solidify accountability and work more efficiently to regain trust of our customers and funding partners and improve MTArsquos ability to deliver safe and reliable service our customers deserve
bull Plan recommendationsbull Refocus the operating agencies on mission-critical operating priorities of safety reliability and
servicebull Centralize common support functions to improve operations and create opportunities to ensure
consistent standards quality and policies across departmentsbull Unify the management of capital programs to improve and streamline planning development
and construction so capital improvements can be delivered on time and on budgetbull Expand senior leadership by adding a Chief Transformation Officer a Chief Operating Officer a
Chief Engineering Officer and an MTA Accessibility Officer
bull Consolidation and efficiency targets of $370 million to $530 million on an annual basis have been identified
bull If the MTA Transformation Plan is approved and implemented the July Financial Plan will have small operating balances in 2019 and 2020 a small deficit in 2021 with out-year deficits reaching $433 million in 2023
7
8
The adoption and implementation of the MTA Transformation Planhas the potential to significantly reduce out-year deficits
($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
61 55
(26)
(281)
(433)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanProposed July Plan
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
| MTA July Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $17244782 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
2
Non-Reimbursable Final Adopted Estimate Budget 2018 2019 2020 2021 2022
Operating RevenuesFarebox Revenue $6153 $6122 $6144 $6134 $6144Toll Revenue 1967 1984 1990 1998 1998 Other Revenue 662 705 733 757 743
Total Operating Revenue $8782 $8810 $8867 $8889 $8886
Total Subsidies $7242 $7238 $7370 $7576 $7807Dedicated Taxes as a of Total Revenues + Subs - PMT $0 $0 $0 $0 $0
Total Revenues + Subsidies $16023 $16048 $16237 $16465 $16693
Operating ExpensesLabor Expenses $9920 $10039 $10436 $10787 $11097Non-Labor Expenses 3749 3884 3786 3894 3994 Other 134 158 84 36 22 General Reserve 0 165 170 175 180
Total Operating Expenses $13803 $14246 $14476 $14891 $15293
Debt Service Expenses $2559 $2692 $2840 $3080 $3223
Total Expenses + Debt Service $16362 $16938 $17316 $17971 $18516
Conversion to Cash Basis 296 363 188 (17) 88
Baseline Net Cash Balance Before B-T-L Adjustments ($43) ($527) ($891) ($1523) ($1735)
Total Below-the-Line Adjustments $0 $459 $413 $709 $760Prior Year Carryover 121 79 11 0 0
NET CASH BALANCE $79 $11 ($467) ($814) ($976)
MTA February Financial Plan 2019-2022Consolidated Statement Of Operations By Category ($ in millions)
3
The February Financial Plan included large out-year deficits even with faretoll increases and substantial cost reduction targets
($ in millions)
11
(467)
(814)
(976)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022
This Year Next Year Out-Years
What has changed since the February Plan
Changes and re-estimates over the Plan period (2019 ndash 2022)bull Changes and re-estimates improving financial results
bull Higher MMTOA subsidies ($184 million)bull Higher yield from additional 23 in tolls ($173 million)bull Lower maintenanceother operating contracts ($173 million)bull Higher MTA Aid car rental tax ($35 million)
bull Changes and re-estimates worsening financial resultsbull Actuary recalculation of pension liability ($550 million)bull Agency re-estimates and rate change adjustments ($189 million)bull Higher overtime expenses ($131 million)bull Lower rentaladvertising revenues ($83 million)bull Lower real estate tax revenues ($59 million)
In total these changes and re-estimates along with other changes are $447 million unfavorable for the Plan period
4
Highlights of the July Plan
bull Proposed biennial fare and toll increases of 4 in 2021 and 2023 (versus projected 2-year CPI inflators of 49 and 47 in 2021 and 2023 respectively)
bull Maintained investments from prior plans including maintenance of the Subway Action Plan funded from Phase 1 of Congestion PricingFHV fees
bull Renewed emphasis to gain control of and reduce fare evasion (investment of $62 million over the Plan period)
bull MTA is using ldquoone-shotsrdquo to balance the budget in the transition years 2019 and 2020
o 2019 - 2018 favorable year-end balance ndash mostly timing ndash and impacts 2019 ($372 million)
- Freeze on filling all non-operationalnon-essential vacancies ($68 million)
- Other restrictions on non-essential spending including non-revenue vehicle purchases travelprofessional memberships ($44 million)
- One-time reduction of committed to capital contributions ($64 million)
o 2020 - Drawdown of 2019 General Reserve ($165 million)
bull Annual recurring savings targets of $350 million beginning in 2020 have been identified by HQ and Agencies
5
6
These actions will not suffice and significant deficits remain($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
50
(186)
(569)
(816)
(971)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanJuly Plan without Transformation Plan Savings
MTA Transformation Plan
bull State-mandated plan to review operations and implement changes to streamline internal processes clarify responsibilities solidify accountability and work more efficiently to regain trust of our customers and funding partners and improve MTArsquos ability to deliver safe and reliable service our customers deserve
bull Plan recommendationsbull Refocus the operating agencies on mission-critical operating priorities of safety reliability and
servicebull Centralize common support functions to improve operations and create opportunities to ensure
consistent standards quality and policies across departmentsbull Unify the management of capital programs to improve and streamline planning development
and construction so capital improvements can be delivered on time and on budgetbull Expand senior leadership by adding a Chief Transformation Officer a Chief Operating Officer a
Chief Engineering Officer and an MTA Accessibility Officer
bull Consolidation and efficiency targets of $370 million to $530 million on an annual basis have been identified
bull If the MTA Transformation Plan is approved and implemented the July Financial Plan will have small operating balances in 2019 and 2020 a small deficit in 2021 with out-year deficits reaching $433 million in 2023
7
8
The adoption and implementation of the MTA Transformation Planhas the potential to significantly reduce out-year deficits
($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
61 55
(26)
(281)
(433)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanProposed July Plan
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
| MTA July Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $17244782 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
3
The February Financial Plan included large out-year deficits even with faretoll increases and substantial cost reduction targets
($ in millions)
11
(467)
(814)
(976)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022
This Year Next Year Out-Years
What has changed since the February Plan
Changes and re-estimates over the Plan period (2019 ndash 2022)bull Changes and re-estimates improving financial results
bull Higher MMTOA subsidies ($184 million)bull Higher yield from additional 23 in tolls ($173 million)bull Lower maintenanceother operating contracts ($173 million)bull Higher MTA Aid car rental tax ($35 million)
bull Changes and re-estimates worsening financial resultsbull Actuary recalculation of pension liability ($550 million)bull Agency re-estimates and rate change adjustments ($189 million)bull Higher overtime expenses ($131 million)bull Lower rentaladvertising revenues ($83 million)bull Lower real estate tax revenues ($59 million)
In total these changes and re-estimates along with other changes are $447 million unfavorable for the Plan period
4
Highlights of the July Plan
bull Proposed biennial fare and toll increases of 4 in 2021 and 2023 (versus projected 2-year CPI inflators of 49 and 47 in 2021 and 2023 respectively)
bull Maintained investments from prior plans including maintenance of the Subway Action Plan funded from Phase 1 of Congestion PricingFHV fees
bull Renewed emphasis to gain control of and reduce fare evasion (investment of $62 million over the Plan period)
bull MTA is using ldquoone-shotsrdquo to balance the budget in the transition years 2019 and 2020
o 2019 - 2018 favorable year-end balance ndash mostly timing ndash and impacts 2019 ($372 million)
- Freeze on filling all non-operationalnon-essential vacancies ($68 million)
- Other restrictions on non-essential spending including non-revenue vehicle purchases travelprofessional memberships ($44 million)
- One-time reduction of committed to capital contributions ($64 million)
o 2020 - Drawdown of 2019 General Reserve ($165 million)
bull Annual recurring savings targets of $350 million beginning in 2020 have been identified by HQ and Agencies
5
6
These actions will not suffice and significant deficits remain($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
50
(186)
(569)
(816)
(971)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanJuly Plan without Transformation Plan Savings
MTA Transformation Plan
bull State-mandated plan to review operations and implement changes to streamline internal processes clarify responsibilities solidify accountability and work more efficiently to regain trust of our customers and funding partners and improve MTArsquos ability to deliver safe and reliable service our customers deserve
bull Plan recommendationsbull Refocus the operating agencies on mission-critical operating priorities of safety reliability and
servicebull Centralize common support functions to improve operations and create opportunities to ensure
consistent standards quality and policies across departmentsbull Unify the management of capital programs to improve and streamline planning development
and construction so capital improvements can be delivered on time and on budgetbull Expand senior leadership by adding a Chief Transformation Officer a Chief Operating Officer a
Chief Engineering Officer and an MTA Accessibility Officer
bull Consolidation and efficiency targets of $370 million to $530 million on an annual basis have been identified
bull If the MTA Transformation Plan is approved and implemented the July Financial Plan will have small operating balances in 2019 and 2020 a small deficit in 2021 with out-year deficits reaching $433 million in 2023
7
8
The adoption and implementation of the MTA Transformation Planhas the potential to significantly reduce out-year deficits
($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
61 55
(26)
(281)
(433)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanProposed July Plan
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
What has changed since the February Plan
Changes and re-estimates over the Plan period (2019 ndash 2022)bull Changes and re-estimates improving financial results
bull Higher MMTOA subsidies ($184 million)bull Higher yield from additional 23 in tolls ($173 million)bull Lower maintenanceother operating contracts ($173 million)bull Higher MTA Aid car rental tax ($35 million)
bull Changes and re-estimates worsening financial resultsbull Actuary recalculation of pension liability ($550 million)bull Agency re-estimates and rate change adjustments ($189 million)bull Higher overtime expenses ($131 million)bull Lower rentaladvertising revenues ($83 million)bull Lower real estate tax revenues ($59 million)
In total these changes and re-estimates along with other changes are $447 million unfavorable for the Plan period
4
Highlights of the July Plan
bull Proposed biennial fare and toll increases of 4 in 2021 and 2023 (versus projected 2-year CPI inflators of 49 and 47 in 2021 and 2023 respectively)
bull Maintained investments from prior plans including maintenance of the Subway Action Plan funded from Phase 1 of Congestion PricingFHV fees
bull Renewed emphasis to gain control of and reduce fare evasion (investment of $62 million over the Plan period)
bull MTA is using ldquoone-shotsrdquo to balance the budget in the transition years 2019 and 2020
o 2019 - 2018 favorable year-end balance ndash mostly timing ndash and impacts 2019 ($372 million)
- Freeze on filling all non-operationalnon-essential vacancies ($68 million)
- Other restrictions on non-essential spending including non-revenue vehicle purchases travelprofessional memberships ($44 million)
- One-time reduction of committed to capital contributions ($64 million)
o 2020 - Drawdown of 2019 General Reserve ($165 million)
bull Annual recurring savings targets of $350 million beginning in 2020 have been identified by HQ and Agencies
5
6
These actions will not suffice and significant deficits remain($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
50
(186)
(569)
(816)
(971)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanJuly Plan without Transformation Plan Savings
MTA Transformation Plan
bull State-mandated plan to review operations and implement changes to streamline internal processes clarify responsibilities solidify accountability and work more efficiently to regain trust of our customers and funding partners and improve MTArsquos ability to deliver safe and reliable service our customers deserve
bull Plan recommendationsbull Refocus the operating agencies on mission-critical operating priorities of safety reliability and
servicebull Centralize common support functions to improve operations and create opportunities to ensure
consistent standards quality and policies across departmentsbull Unify the management of capital programs to improve and streamline planning development
and construction so capital improvements can be delivered on time and on budgetbull Expand senior leadership by adding a Chief Transformation Officer a Chief Operating Officer a
Chief Engineering Officer and an MTA Accessibility Officer
bull Consolidation and efficiency targets of $370 million to $530 million on an annual basis have been identified
bull If the MTA Transformation Plan is approved and implemented the July Financial Plan will have small operating balances in 2019 and 2020 a small deficit in 2021 with out-year deficits reaching $433 million in 2023
7
8
The adoption and implementation of the MTA Transformation Planhas the potential to significantly reduce out-year deficits
($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
61 55
(26)
(281)
(433)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanProposed July Plan
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
Highlights of the July Plan
bull Proposed biennial fare and toll increases of 4 in 2021 and 2023 (versus projected 2-year CPI inflators of 49 and 47 in 2021 and 2023 respectively)
bull Maintained investments from prior plans including maintenance of the Subway Action Plan funded from Phase 1 of Congestion PricingFHV fees
bull Renewed emphasis to gain control of and reduce fare evasion (investment of $62 million over the Plan period)
bull MTA is using ldquoone-shotsrdquo to balance the budget in the transition years 2019 and 2020
o 2019 - 2018 favorable year-end balance ndash mostly timing ndash and impacts 2019 ($372 million)
- Freeze on filling all non-operationalnon-essential vacancies ($68 million)
- Other restrictions on non-essential spending including non-revenue vehicle purchases travelprofessional memberships ($44 million)
- One-time reduction of committed to capital contributions ($64 million)
o 2020 - Drawdown of 2019 General Reserve ($165 million)
bull Annual recurring savings targets of $350 million beginning in 2020 have been identified by HQ and Agencies
5
6
These actions will not suffice and significant deficits remain($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
50
(186)
(569)
(816)
(971)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanJuly Plan without Transformation Plan Savings
MTA Transformation Plan
bull State-mandated plan to review operations and implement changes to streamline internal processes clarify responsibilities solidify accountability and work more efficiently to regain trust of our customers and funding partners and improve MTArsquos ability to deliver safe and reliable service our customers deserve
bull Plan recommendationsbull Refocus the operating agencies on mission-critical operating priorities of safety reliability and
servicebull Centralize common support functions to improve operations and create opportunities to ensure
consistent standards quality and policies across departmentsbull Unify the management of capital programs to improve and streamline planning development
and construction so capital improvements can be delivered on time and on budgetbull Expand senior leadership by adding a Chief Transformation Officer a Chief Operating Officer a
Chief Engineering Officer and an MTA Accessibility Officer
bull Consolidation and efficiency targets of $370 million to $530 million on an annual basis have been identified
bull If the MTA Transformation Plan is approved and implemented the July Financial Plan will have small operating balances in 2019 and 2020 a small deficit in 2021 with out-year deficits reaching $433 million in 2023
7
8
The adoption and implementation of the MTA Transformation Planhas the potential to significantly reduce out-year deficits
($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
61 55
(26)
(281)
(433)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanProposed July Plan
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
6
These actions will not suffice and significant deficits remain($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
50
(186)
(569)
(816)
(971)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanJuly Plan without Transformation Plan Savings
MTA Transformation Plan
bull State-mandated plan to review operations and implement changes to streamline internal processes clarify responsibilities solidify accountability and work more efficiently to regain trust of our customers and funding partners and improve MTArsquos ability to deliver safe and reliable service our customers deserve
bull Plan recommendationsbull Refocus the operating agencies on mission-critical operating priorities of safety reliability and
servicebull Centralize common support functions to improve operations and create opportunities to ensure
consistent standards quality and policies across departmentsbull Unify the management of capital programs to improve and streamline planning development
and construction so capital improvements can be delivered on time and on budgetbull Expand senior leadership by adding a Chief Transformation Officer a Chief Operating Officer a
Chief Engineering Officer and an MTA Accessibility Officer
bull Consolidation and efficiency targets of $370 million to $530 million on an annual basis have been identified
bull If the MTA Transformation Plan is approved and implemented the July Financial Plan will have small operating balances in 2019 and 2020 a small deficit in 2021 with out-year deficits reaching $433 million in 2023
7
8
The adoption and implementation of the MTA Transformation Planhas the potential to significantly reduce out-year deficits
($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
61 55
(26)
(281)
(433)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanProposed July Plan
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
MTA Transformation Plan
bull State-mandated plan to review operations and implement changes to streamline internal processes clarify responsibilities solidify accountability and work more efficiently to regain trust of our customers and funding partners and improve MTArsquos ability to deliver safe and reliable service our customers deserve
bull Plan recommendationsbull Refocus the operating agencies on mission-critical operating priorities of safety reliability and
servicebull Centralize common support functions to improve operations and create opportunities to ensure
consistent standards quality and policies across departmentsbull Unify the management of capital programs to improve and streamline planning development
and construction so capital improvements can be delivered on time and on budgetbull Expand senior leadership by adding a Chief Transformation Officer a Chief Operating Officer a
Chief Engineering Officer and an MTA Accessibility Officer
bull Consolidation and efficiency targets of $370 million to $530 million on an annual basis have been identified
bull If the MTA Transformation Plan is approved and implemented the July Financial Plan will have small operating balances in 2019 and 2020 a small deficit in 2021 with out-year deficits reaching $433 million in 2023
7
8
The adoption and implementation of the MTA Transformation Planhas the potential to significantly reduce out-year deficits
($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
61 55
(26)
(281)
(433)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanProposed July Plan
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
8
The adoption and implementation of the MTA Transformation Planhas the potential to significantly reduce out-year deficits
($ in millions)
This Year Next Year Out-Years
11
(467)
(814)
(976)
NA
61 55
(26)
(281)
(433)
($1200)
($1000)
($800)
($600)
($400)
($200)
$0
$200
2019 2020 2021 2022 2023
February PlanProposed July Plan
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
Actions to Reduce Fare Evasion $62 million Investment over the Plan Period
bull Increase physical presence (500 uniformed officers NYPD MTA Police and Bridge and Tunnel Officers) to begin enforcement at 50 subway stations and 50 bus routesThis is not just a fare evasion effort but a workerrsquos safety initiative
bull Ensure enforcement does not target any specific demographic bull Educate MTA riders utilizing messaging media and automated
announcementsbull Improve operation of emergency exit gates to mitigate instances of fare
avoidancebull Augment surveillance capabilities by deploying fare array cameras at 50
stations and pilot the use of monitors at 10 stationsbull $40 million of the investment will be funded by Manhattan DA Office over a
four-year period
9
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
The MTArsquos $350 million target for annually recurring savings beginning in 2020 has been identified and is being implemented
109
10 7 6 6
96 304 351 362 371
$0
$50
$100
$150
$200
$250
$300
$350
$400
2019 2020 2021 2022 2023
Identified Recurring Savings One-Shot Savings
This Year Next Year Out-Years
($ in millions)
10
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
We have a track record of identifying and achieving our annual recurring savings targets
11
($ in millions)
$0
$500
$1000
$1500
$2000
$2500
$3000
Achieved Savings
2012 November Plan
2013 November Plan
2014 November Plan
2015 November Plan
2016 November Plan
2017 November Plan
2018 November Plan
2019 July Plan
$28 billion
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
Proposed July Plan
Deficits remain and a continued drive toward further streamlining and efficiencies is required
12
($ in millions)
61 55
(26)
(281)
(433)
($600)
($500)
($400)
($300)
($200)
($100)
$0
$100
$200
2019 2020 2021 2022 2023
This Year Next Year Out-Years
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
Proposed July PlanDonrsquot achieve Transformation Plan Savings
13
If the MTA Transformation Plan is not adopted and implemented the deficits will be unmanageable without service cuts significant
reductions in force andor additional fare and toll increases($ in millions)
($1100)
($900)
($700)
($500)
($300)
($100)
$100
2019 2020 2021 2022 2023
(816)
(971)
(569)
(81)
(433)
(281)
61 55 (26)
(281) (186)
50
Next Year Out-Years
(230)(11)
(488)
(538)
(535)
This Year
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
14
2020 Preliminary BudgetWhere the Dollars Come Fromhellip Where the Dollars Gohellip
Farebox Revenue $6389Toll Revenue 2121 Other Revenue 684 Taxes 6178 State and Local amp Other 557 Other Funding Agreements 671 Other 1 208 Total $16809
($ in millions)
By Revenue Source(includes faretoll increases)
Payroll $5422Overtime 838 Health amp Welfare 2118 Pension 1461 Other Labor 466 Total Labor $10306Non-Labor + Other Exp Adj 4004 Debt Service 2830 BTL Adjustments for Expenses 2 (386) Total $16754
By Expense Category
($ in millions)(includes below-the-line adjustments)
1 Includes cash adjustments and prior-year carryover
Farebox Revenue
38
Toll Revenue
13
Other Revenue4
Taxes37
State amp Local
Subsidies3
Other Funding Agreements
4 Other 1
Payroll32
Overtime5
Health ampWelfare
13Pension
9
Other Labor3
Non-Labor + Other Exp Adj
21
Debt Service17
2 The below-the-line adjustments are grouped in the Non-Labor category
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Dedicated Taxes | 6191 | ||||||
| State and Local amp Other | 1228 | ||||||
| Timing (Cash Adjustments) | 135 | ||||||
| Total | $16748 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5422 | ||||||
| Overtime | 838 | ||||||
| Health amp Welfare | 2118 | ||||||
| Pension | 1461 | ||||||
| Other Labor | 466 | ||||||
| Total Labor | $10306 | ||||||
| Non-Labor + Other Exp Adj | 4004 | ||||||
| Debt Service | 2830 | ||||||
| BTL Adjustments for Expenses 2 | (386) | ||||||
| Total | $16754 |
| By Revenue Source | |||||||
| (includes faretoll increases) | |||||||
| ($ in millions) | |||||||
| Farebox Revenue | $6389 | ||||||
| Toll Revenue | 2121 | ||||||
| Other Revenue | 684 | ||||||
| Taxes | 6178 | ||||||
| State and Local amp Other | 557 | ||||||
| Other Funding Agreements | 671 | ||||||
| Other 1 | 208 | ||||||
| Total | $16809 | ||||||
| By Expense Category | |||||||
| (includes below-the-line adjustments) | |||||||
| ($ in millions) | |||||||
| Payroll | $5392 | ||||||
| Overtime | 811 | ||||||
| Health amp Welfare | 2129 | ||||||
| Pension | 1354 | ||||||
| Other Labor | 400 | ||||||
| Total Labor | $10086 | ||||||
| Non-Labor | 4205 | ||||||
| Debt Service | 2692 | ||||||
| BTL Adjustments for Expenses | (251) | ||||||
| Total | $16732 |
15
Non-Reimbursable Mid-Year Preliminary Actual Forecast Budget
2018 2019 2020 2021 2022 2023 Operating Revenues
Farebox Revenue $6155 $6305 $6389 $6373 $6384 $6393Toll Revenue 1976 2088 2121 2129 2129 2131 Other Revenue 643 696 684 704 719 737
Total Operating Revenue $8774 $9089 $9195 $9206 $9232 $9260
Total Subsidies $7177 $7314 $7406 $7581 $7803 $7969Dedicated Taxes as a of Total Revenues + Subs - PMT 233 $0 $0 $0 $0 $0
Total Revenues + Subsidies $15951 $16403 $16601 $16787 $17035 $17229
Operating ExpensesLabor Expenses $9799 $10116 $10306 $10592 $10881 $11121Non-Labor Expenses 3611 3877 3748 3841 3945 4054 Other 129 175 86 36 22 23 General Reserve 0 165 170 175 180 185
Total Operating Expenses $13539 $14333 $14310 $14644 $15028 $15384
Debt Service Expenses $2541 $2683 $2830 $3041 $3265 $3513
Total Expenses + Debt Service $16079 $17016 $17140 $17685 $18293 $18896
Conversion to Cash Basis 379 229 147 60 125 101
Baseline Net Cash Balance Before B-T-L Adjustments $251 ($384) ($392) ($838) ($1133) ($1566)
Total Below-the-Line Adjustments $0 $73 $386 $757 $852 $1133Prior Year Carryover 121 372 61 55 0 0
NET CASH BALANCE $372 $61 $55 ($26) ($281) ($433)
MTA July Financial Plan 2020-2023Consolidated Statement Of Operations By Category ($ in millions)
| MTA July Financial Plan 2020-2023 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Mid-Year | Preliminary | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Forecast | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6155 | $6305 | $6389 | $6373 | $6384 | $6393 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 386 | 384 | 385 | 380 | 375 | 371 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1976 | 2088 | 2121 | 2129 | 2129 | 2131 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 643 | 696 | 684 | 704 | 719 | 737 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8774 | $9089 | $9195 | $9206 | $9232 | $9260 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $7177 | $7314 | $7406 | $7581 | $7803 | $7969 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 233 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15951 | $16403 | $16601 | $16787 | $17035 | $17229 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9799 | $10116 | $10306 | $10592 | $10881 | $11121 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0390 | $0367 | $0365 | $0359 | $0355 | $0350 | $0349 | $0347 | $0345 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0642 | $0622 | $0626 | $0622 | $0616 | $0609 | $0614 | $0617 | $0620 | |||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0464 | $0435 | $0438 | $0434 | $0433 | $0430 | $0426 | $0420 | $0416 | |||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0739 | $0750 | $0751 | $0750 | $0749 | $0748 | $0747 | $0747 | |||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $481893 | $451503 | $473177 | $493090 | $532413 | $561955 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 185203 | 182778 | 182981 | 176333 | 173681 | 176920 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (29402) | 5608 | 15623 | 23118 | 26855 | 28309 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 437985 | 387557 | 394211 | 392547 | 398256 | 406112 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 455471 | 494751 | 488330 | 505538 | 535329 | 568614 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 678425 | 840168 | 797428 | 833534 | 836606 | 854471 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 543582 | 607838 | 502858 | 494814 | 504103 | 513895 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 637078 | 689010 | 679895 | 697976 | 711281 | 715758 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 220838 | 218196 | 213551 | 224459 | 226170 | 228457 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3611 | 3877 | 3748 | 3841 | 3945 | 4054 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 129 | 175 | 86 | 36 | 22 | 23 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 165 | 170 | 175 | 180 | 185 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $128555 | $340 | $256 | $211 | $202 | $208 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13538830 | $14332772 | $14309678 | $14643965 | $15027767 | $15383584 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $17559529 | $17917683 | $18336856 | $18848977 | $19348013 | $19871550 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8785339) | ($8829030) | ($9141907) | ($9642826) | ($10116260) | ($10611154) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $13539 | $14333 | $14310 | $14644 | $15028 | $15384 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2541 | $2683 | $2830 | $3041 | $3265 | $3513 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $16079 | $17016 | $17140 | $17685 | $18293 | $18896 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($128044) | ($613) | ($539) | ($898) | ($1258) | ($1667) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 379 | 229 | 147 | 60 | 125 | 101 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 250569 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $16457999 | $17495351 | $17286526 | $17744425 | $18418197 | $18997710 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15700774 | $16786574 | $16992579 | $17624861 | $18167420 | $18795069 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | $251 | ($384) | ($392) | ($838) | ($1133) | ($1566) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | $250569 | ($384) | ($392) | ($838) | ($850) | ($1234) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $73 | $386 | $757 | $852 | $1133 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 121 | 372 | 61 | 55 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $372 | $61 | $55 | ($26) | ($281) | ($433) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
| MTA February Financial Plan 2019-2022 | |||||||||||||||||||||||||||||||||||||||||||
| Consolidated Statement Of Operations By Category ($ in millions) | |||||||||||||||||||||||||||||||||||||||||||
| Non-Reimbursable | Final | Adopted | |||||||||||||||||||||||||||||||||||||||||
| Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Actual | Estimate | Budget | ||||||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||||||||||||||||||||||
| Farebox Revenue | $4240923 | $4350411 | $4586377 | $4999186 | $5079138 | $5501274 | $5709200 | $5961129 | $6050182 | $6172 | $6153 | $6122 | $6144 | $6134 | $6144 | $6174 | $6435176 | $6431979 | $6446633 | ||||||||||||||||||||||||
| 422 | 423 | 405 | 411 | 402 | 399 | 395 | 396 | 396 | 407 | 279 | 275 | 272 | 267 | 263 | 261 | 368 | 363 | 362 | |||||||||||||||||||||||||
| Student Fare | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||||||
| Toll Revenue | 1273974 | 1332115 | 1417046 | 1501589 | 1490982 | 1645193 | 1676445 | 1808901 | 1869693 | 1912 | 1967 | 1984 | 1990 | 1998 | 1998 | 2002 | 2133050 | 2137871 | 2143111 | ||||||||||||||||||||||||
| 0127 | 0129 | 0125 | 0124 | 0118 | 0119 | 0116 | 0120 | 0122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0122 | 0121 | 0120 | |||||||||||||||||||||||||
| Other Revenue | 448616 | 461359 | 491355 | 510231 | 563839 | 753675 | 682424 | 689217 | 688374 | 653 | 662 | 705 | 733 | 757 | 743 | 755 | 825040 | 885381 | 887190 | ||||||||||||||||||||||||
| Capital and Other Reimbursements | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Revenue | $5963512 | $6143885 | $6494778 | $7011006 | $7133959 | $7900142 | $8068069 | $8459247 | $8608249 | $8737 | $8782 | $8810 | $8867 | $8889 | $8886 | $8931 | $9393266 | $9455232 | $9476934 | ||||||||||||||||||||||||
| Dedicated Taxes | $3211585 | $2366805 | $2343537 | $2511691 | $2673119 | $3097640 | $3383498 | $3582628 | $3525829 | $3257508 | $3459 | $3515 | $3568 | $3630 | $3725 | $3812 | $3841433 | $3880226 | $3917215 | ||||||||||||||||||||||||
| PMT amp MTA Aid | - 0 | 881784 | 1588677 | 1718286 | 1825824 | 1825328 | 1885069 | 1910947 | 1970760 | 1987035 | $1965 | $2152 | $2225 | $2295 | $2368 | $2442 | 2516095 | 2594604 | 2677041 | ||||||||||||||||||||||||
| New Funding Sources | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | $508 | $342 | $385 | $385 | $385 | $385 | 385000 | 385000 | 385000 | ||||||||||||||||||||||||
| StateLocal Taxes | 556691 | 539046 | 544810 | 541733 | 536182 | 537527 | 539545 | 537819 | 537645 | 541005 | $544 | $552 | $557 | $562 | $567 | $572 | 576828 | 581933 | 583214 | ||||||||||||||||||||||||
| Other Funding Agreements | 306594 | 363823 | 359489 | 375369 | 466625 | 432617 | 567391 | 563616 | 629855 | 630218 | $701 | $753 | $671 | $708 | $758 | $758 | 784755 | 804901 | 781159 | ||||||||||||||||||||||||
| BampT Operating Surplus Transfer | 382565 | 363092 | 476059 | 554903 | 476575 | 614210 | 637553 | 750717 | 742909 | 740144 | $702 | $721 | $782 | $801 | $789 | $707 | 730476 | 695303 | 688833 | ||||||||||||||||||||||||
| Dedicated Taxes and StateLocal Subsidies | $4457434 | $4514550 | $5312572 | $5701982 | $5978325 | $6507322 | $7013056 | $7345727 | $7406998 | $7155909 | $7879 | $8035 | $8188 | $8381 | $8592 | $8676 | $8834588 | $8941967 | $9032462 | ||||||||||||||||||||||||
| $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||||
| Less Interagency Subsidy and Surplus Transfers | (382565) | (363092) | (476059) | (554903) | (476575) | (614210) | (637553) | (750717) | (742909) | (740144) | ($702) | ($721) | ($782) | ($801) | ($789) | ($707) | (730476) | (695303) | (688833) | ||||||||||||||||||||||||
| Total Subsidies | $4074870 | $4151458 | $4836513 | $5147079 | $5501750 | $5893111 | $6375503 | $6595010 | $6664088 | $6416 | $7242 | $7238 | $7370 | $7576 | $7807 | $7969 | $8104112 | $8246664 | $8343629 | ||||||||||||||||||||||||
| Dedicated Taxes as a of Total Revenues + Subs - PMT | 320 | 251 | 241 | 241 | 247 | 259 | 269 | 273 | 265 | 247 | $0 | $0 | $0 | $0 | $0 | $0 | 256 | 257 | 259 | ||||||||||||||||||||||||
| Total Revenues + Subsidies | $10038382 | $10295342 | $11331292 | $12158085 | $12635709 | $13793254 | $14443571 | $15054257 | $15272337 | $15152 | $16023 | $16048 | $16237 | $16465 | $16693 | $16900 | $17497378 | $17701896 | $17820563 | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Payroll | $4087376 | $4163330 | $4171374 | $4160261 | $4193658 | $4332829 | $4671664 | $4695823 | $4838741 | $5020713 | $5211 | $5328 | $5422 | $5498 | $5624 | $5710 | $5860206 | $5982960 | $6107107 | ||||||||||||||||||||||||
| Overtime | 471675 | 499307 | 443227 | 538647 | 574316 | 620701 | 730200 | 755071 | 771495 | 934100 | $1066 | $910 | $838 | $859 | $877 | $899 | 917296 | 935002 | 951324 | ||||||||||||||||||||||||
| Health amp Welfare | 684945 | 688899 | 738189 | 809638 | 812857 | 895714 | 961902 | 1050100 | 1172304 | 1208786 | $1230 | $1341 | $1414 | $1489 | $1583 | $1674 | 1797938 | 1922668 | 2071273 | ||||||||||||||||||||||||
| OPEB Current Payment | 318501 | 346316 | 355716 | 394218 | 413164 | 472619 | 479079 | 501716 | 562233 | 563754 | $604 | $645 | $704 | $766 | $835 | $910 | 982025 | 1060022 | 1142795 | ||||||||||||||||||||||||
| Pensions | 897450 | 1021229 | 1029710 | 1074598 | 1328441 | 1301975 | 1304355 | 1248726 | 1370474 | 1345308 | $1336 | $1494 | $1461 | $1462 | $1403 | $1347 | 1357887 | 1369071 | 1380572 | ||||||||||||||||||||||||
| Other-Fringe Benefits | 502739 | 517194 | 539996 | 581661 | 650430 | 694680 | 784143 | 861079 | 947870 | 792151 | $881 | $869 | $897 | $930 | $956 | $976 | 1001185 | 1021007 | 1040170 | ||||||||||||||||||||||||
| Reimbursable Overhead | (310555) | (322230) | (345154) | (324006) | (309399) | (321390) | (349770) | (380212) | (423759) | (491807) | ($528) | ($471) | ($430) | ($412) | ($397) | ($395) | (396136) | (405509) | (413165) | ||||||||||||||||||||||||
| Labor Expenses | $6652131 | $6914045 | $6933059 | $7235017 | $7663467 | $7997128 | $8581574 | $8732302 | $9239358 | $9373 | $9920 | $10039 | $10436 | $10787 | $11097 | $11413 | $11520401 | $11885220 | $12280075 | ||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating+DS | $0426 | $0427 | $0407 | $0396 | $0387 | $0374 | $0389 | $0383 | $0376 | $0385 | $0349 | $0347 | $0345 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper+DS | $0650 | $0663 | $0642 | $0637 | $0647 | $0628 | $0643 | $0640 | $0648 | $0638 | $0614 | $0617 | $0620 | ||||||||||||||||||||||||||||||
| PayrollOvertime Exp as a of Total Operating Exp | $0496 | $0490 | $0483 | $0473 | $0465 | $0453 | $0464 | $0459 | $0450 | $0461 | $0426 | $0420 | $0416 | ||||||||||||||||||||||||||||||
| Labor Exp (wo Reimb OH) as a of Total Oper Exp | $0758 | $0761 | $0762 | $0761 | $0777 | $0761 | $0768 | $0768 | $0776 | $0763 | $0748 | $0747 | $0747 | ||||||||||||||||||||||||||||||
| Non-Labor Expenses | |||||||||||||||||||||||||||||||||||||||||||
| Electric Power | $306500 | $317934 | $325137 | $457269 | $471514 | $493346 | $515540 | $473762 | $406372 | $430381 | $474918 | $451304 | $463523 | $482662 | $539624 | $571182 | $589565 | $618283 | $648255 | ||||||||||||||||||||||||
| Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Non-Traction Power | |||||||||||||||||||||||||||||||||||||||||||
| Fuel | 287033 | 180294 | 189942 | 282735 | 251763 | 259252 | 267494 | 162283 | 124684 | 150481 | 185580 | 190348 | 187592 | 183168 | 181484 | 182259 | 182476 | 184281 | 186170 | ||||||||||||||||||||||||
| Revenue Vehicle Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Non-Revenue Fuel | |||||||||||||||||||||||||||||||||||||||||||
| Insurance | 28902 | 34012 | 9819 | 14363 | 7617 | 38654 | 50739 | 57190 | (20634) | (2715) | 11488 | 8532 | 15803 | 22918 | 29411 | 36048 | 28232 | 25538 | 19483 | ||||||||||||||||||||||||
| Claims | 152114 | 238104 | 285418 | 315547 | 135652 | 299875 | 269167 | 331023 | 463959 | 526053 | 376480 | 378570 | 386981 | 391333 | 395228 | 404397 | 417667 | 428660 | 437683 | ||||||||||||||||||||||||
| Paratransit Service Contracts | 299013 | 370094 | 379761 | 348553 | 360500 | 366751 | 365599 | 379271 | 383704 | 392850 | 452190 | 482751 | 501230 | 518038 | 547829 | 581114 | 604766 | 643217 | 684112 | ||||||||||||||||||||||||
| Maintenance and Other Operating Contracts | 594215 | 562456 | 541716 | 451137 | 451766 | 496743 | 549018 | 579289 | 630924 | 695251 | 779331 | 897801 | 833038 | 883805 | 871671 | 879468 | 880053 | 898882 | 915477 | ||||||||||||||||||||||||
| Professional Service Contracts | 196930 | 199164 | 203084 | 226205 | 276998 | 297201 | 283005 | 379814 | 399706 | 507062 | 575742 | 557476 | 484911 | 479376 | 489510 | 499724 | 520826 | 537109 | 547291 | ||||||||||||||||||||||||
| Materials amp Supplies | 532534 | 526191 | 511206 | 438310 | 430804 | 475127 | 526725 | 543225 | 585607 | 588115 | 667700 | 686666 | 687745 | 692131 | 697268 | 711988 | 741335 | 777460 | 793419 | ||||||||||||||||||||||||
| Other Business Expenses | 155466 | 184142 | 189637 | 169857 | 143807 | 167198 | 179701 | 195598 | 192576 | 217254 | 225494 | 230595 | 225293 | 240279 | 242193 | 244907 | 228861 | 240258 | 241690 | ||||||||||||||||||||||||
| Non-Labor Expenses | $2552708 | $2612391 | $2635720 | $2703976 | $2530421 | $2894147 | $3006988 | $3101454 | $3166897 | 3505 | 3749 | 3884 | 3786 | 3894 | 3994 | 4111 | $4193782 | $4353689 | $4473580 | ||||||||||||||||||||||||
| Other Expense Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Other | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | 49 | 134 | 158 | 84 | 36 | 22 | 23 | $23516 | $24069 | $24637 | ||||||||||||||||||||||||
| General Reserve | 0000 | 0000 | 0000 | 0000 | 0000 | - 0 | - 0 | - 0 | - 0 | 0 | 0 | 165 | 170 | 175 | 180 | 185 | 190000 | 195000 | 205000 | ||||||||||||||||||||||||
| Other Expense Adjustments | ($13712) | ($14750) | ($18292) | ($2289) | $62593 | $46175 | $44973 | $37007 | $47404 | $49379 | $134 | $323 | $254 | $211 | $202 | $208 | $213516 | $219069 | $229637 | ||||||||||||||||||||||||
| Gap Closing Expenses | $7675394 | ||||||||||||||||||||||||||||||||||||||||||
| Additional Actions for Budget Balance Expense Impact | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||
| Total Operating Expenses Before Non-Cash Liability Adjs | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927116 | $13802910 | $14246122 | $14475644 | $14891445 | $15293262 | $15732241 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| Depreciation | $1790981 | $1940576 | $1980681 | $2019378 | $2148820 | $2174302 | $2266280 | $2442777 | $2442941 | $2607970 | $2804571 | $2784812 | $2842737 | $2908533 | $2977025 | $3051834 | $3109882 | $3169371 | $3230301 | ||||||||||||||||||||||||
| OPEB Obligation | 1348962 | 1104827 | 1167070 | 1706939 | 1785881 | 1920189 | 2035457 | 1489656 | 1562261 | 1567381 | 0000 | (0000) | (0000) | (0000) | (0000) | 0000 | 0000 | (0000) | (0000) | ||||||||||||||||||||||||
| GASB 75 OPEB Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 1047747 | 1457230 | 1628196 | 1748560 | 1823313 | 1898497 | 1952374 | 2006482 | 2061993 | ||||||||||||||||||||||||
| GASB 68 Pension Expense Adjustment | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | (410019) | (218911) | (168119) | (373022) | (220864) | (271921) | (342847) | (318372) | (242446) | (237864) | (234492) | (230942) | ||||||||||||||||||||||||
| Environmental Remediation | 42249 | 6062 | 18621 | 59079 | 24742 | 14257 | 20556 | 20576 | 11691 | 13468 | 105615 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | ||||||||||||||||||||||||
| Non-Cash Liability Adjustments | $3182192 | $3051466 | $3166371 | $3785396 | $3959443 | $4108749 | $4322293 | $3542990 | $3797981 | $4020699 | $3584911 | $4027178 | $4205012 | $4320246 | $4487966 | $4713886 | $4830392 | $4947361 | $5067352 | ||||||||||||||||||||||||
| Total Operating Expenses After Non-Cash Liability Adjs | $12373319 | $12563151 | $12716857 | $13722101 | $14215924 | $15046199 | $15955827 | $15413753 | $16251641 | $16947815 | $17387821 | $18273301 | $18680657 | $19211690 | $19781228 | $20446127 | $20758090 | $21405338 | $22050644 | ||||||||||||||||||||||||
| Less | BampT Depreciation | $77213 | $80097 | $77846 | $86545 | $87926 | $91345 | $104039 | $109783 | $135035 | $240957 | $148686 | $151977 | $158779 | $169848 | $181689 | $194355 | $194355 | $194355 | $194355 | |||||||||||||||||||||||
| BampT Other Post Employment Benefits | 66323 | 50967 | 54831 | 66686 | 73055 | 76641 | 71148 | 62457 | 60441 | 78106 | 32297 | 22256 | 20303 | 22870 | 28694 | 33918 | 36169 | 38411 | 40604 | ||||||||||||||||||||||||
| Net Operating Deficit Before Subsidies and Debt Service | ($6409807) | ($6419266) | ($6222079) | ($6711095) | ($7081966) | ($7146057) | ($7887759) | ($6954506) | ($7643392) | ($8211234) | ($8606220) | ($9463506) | ($9813560) | ($10322912) | ($10895644) | ($11515498) | ($11364824) | ($11950106) | ($12573710) | ||||||||||||||||||||||||
| Conversion to Cash Basis Non-Cash Liability Adjs | ($3182192) | ($3051466) | ($3166371) | ($3785396) | ($3959443) | ($4108749) | ($4322293) | ($3542990) | ($3797981) | ($4020699) | ($3584911) | ($4027178) | ($4205012) | ($4320246) | ($4487966) | ($4713886) | ($4830392) | ($4947361) | ($5067352) | ||||||||||||||||||||||||
| Total Operating Expenses | $9191127 | $9511685 | $9550486 | $9936705 | $10256481 | $10937450 | $11633535 | $11870763 | $12453659 | $12927 | $13803 | $14246 | $14476 | $14891 | $15293 | $15732 | $15927699 | $16457978 | $16983292 | ||||||||||||||||||||||||
| Debt Service Expenses | $1515733 | $1404454 | $1781220 | $1933532 | $2058395 | $2299262 | $2248538 | $2373321 | $2458783 | $2525 | $2559 | $2692 | $2840 | $3080 | $3223 | $3450 | $3471321 | $3472987 | $3501639 | ||||||||||||||||||||||||
| Total Expenses + Debt Service | $10706859 | $10916139 | $11331706 | $11870237 | $12314876 | $13236712 | $13882073 | $14244084 | $14912443 | $15452 | $16362 | $16938 | $17316 | $17971 | $18516 | $19182 | $19399019 | $19930965 | $20484932 | ||||||||||||||||||||||||
| Net Deficit After Subsidies and Debt Service | ($668477) | ($620796) | ($0414) | $287848 | $320833 | $556541 | $561498 | $810173 | $359895 | ($299965) | ($339) | ($890) | ($1079) | ($1506) | ($1823) | ($2283) | ($1901641) | ($2229069) | ($2664369) | ||||||||||||||||||||||||
| Conversion to Cash Basis GASB Account | (56067) | (54256) | (67377) | (37636) | (89548) | (85641) | (50017) | - 0 | - 0 | 0 | 0 | 0 | $0 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| Conversion to Cash Basis | 492710 | 550267 | 91781 | (111037) | (297407) | (261709) | (626297) | (660147) | (591809) | 174 | 296 | 363 | 188 | (17) | 88 | 130 | 49745 | 48375 | 54220 | ||||||||||||||||||||||||
| Net Cash Balance from Previous Year | 0000 | 0000 | 0000 | 23990 | 139174 | 0000 | 209191 | 0000 | 150026 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | ||||||||||||||||||||||||
| Total Operating Exp + DS + Cash Conversions + PY C-O | $11144 | $11412 | $11356 | $11746 | $12067 | $12889362 | $13414950 | $13583937 | $14470659 | $15625875 | $16658585 | $17300293 | $17504155 | $17954574 | $18604130 | $19312017 | $19448764 | $19979340 | $20539152 | ||||||||||||||||||||||||
| Total Operating Expenses with Cash Conversion | $10270216 | $10420127 | $11307302 | $12018911 | $12701831 | $13584063 | $14558387 | $14904231 | $15504252 | $15278749 | $16065734 | $16575223 | $17128079 | $17987951 | $18427778 | $19052755 | $19349274 | $19882590 | $20430711 | ||||||||||||||||||||||||
| Baseline Net Cash Balance Before B-T-L Adjustments | ($231834) | ($124785) | $23990 | $139174 | ($66122) | $209191 | ($114816) | $150026 | ($231914) | ($126) | ($43) | ($527) | ($891) | ($1523) | ($1735) | ($2153) | ($1851896) | ($2180695) | ($2610148) | ||||||||||||||||||||||||
| Below-the-Line Adjustments | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increases | |||||||||||||||||||||||||||||||||||||||||||
| FareToll Increase in March 2019 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2021 (4 Yield) | - 0 | $0 | $0 | $0 | $283 | $331 | $332 | 333531 | 333568 | 334299 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2023 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $294 | 346386 | 346424 | 347183 | |||||||||||||||||||||||||||||||||
| FareToll Increase in March 2025 (4 Yield) | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 273859 | 321624 | |||||||||||||||||||||||||||||||||
| Subsidy Impacts of 20212023 FareToll Increase | - 0 | $0 | $0 | $0 | ($7) | ($9) | ($17) | (18612) | (25573) | (26305) | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $275 | $322 | $609 | $661306 | $928278 | $976801 | ||||||||||||||||||||||||||||||||||
| CASH BALANCE AFTER FARE INCREASES | ($126402) | ($43) | ($527) | ($891) | ($1241) | ($1404) | ($1821) | ($1518365) | ($1847127) | ($2275849) | |||||||||||||||||||||||||||||||||
| MTA Initiatives | |||||||||||||||||||||||||||||||||||||||||||
| MTA Efficiencies - Not Yet Implemented | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | 0000 | 0000 | 0000 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| 0 | - 0 | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | - 0 | - 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | ||||||||||||||||||||||||||||||||||
| Policy Actions | |||||||||||||||||||||||||||||||||||||||||||
| CAS Migration to Peoplesoft | $0 | $0 | ($5) | ($1) | ($0) | ($0) | (0200) | -02 | -02 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement Strategy-Expenses | $0 | ($13) | ($12) | ($11) | ($10) | ($10) | (9554) | -9554483 | -9554483 | 0 | |||||||||||||||||||||||||||||||||
| Fare Evasion Enforcement-Manhattan DA Forfeiture Fund | $0 | $11 | $11 | $10 | $9 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Negotiated 1 CBA Reform | $0 | $0 | $0 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization | $0 | $8 | $180 | $371 | $377 | $377 | 377000 | 377 | 377 | 0 | |||||||||||||||||||||||||||||||||
| MTA Reorganization Costs | $0 | $0 | ($10) | ($27) | ($2) | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Drawdown 2019 General Reserve | $0 | $0 | $165 | $0 | $0 | $0 | - 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| CBA Negotiated Reform - 1 Value | $0 | $36 | $100 | $173 | $246 | $323 | 323473 | 323473304484 | 323473304484 | 0 | |||||||||||||||||||||||||||||||||
| $0000 | $0 | $42 | $429 | $515 | $620 | $691 | $690719 | $690719 | $690719 | ||||||||||||||||||||||||||||||||||
| MTA Re-estimates | |||||||||||||||||||||||||||||||||||||||||||
| Additional Savings Actions | $0000 | $0 | $0 | $0 | $0 | $0 | $0 | $0000 | $0000 | $0000 | |||||||||||||||||||||||||||||||||
| Total Below-the-Line Adjustments | $0 | $0 | $459 | $413 | $709 | $760 | $1007 | $1352025 | $1618997 | $1667520 | |||||||||||||||||||||||||||||||||
| Prior Year Carryover | 495399 | 263336 | 138286 | 161986 | 301160 | 235038 | 444229 | 329413 | 479439 | 248 | 121 | 79 | 11 | 0 | 0 | - 0 | - 0 | - 0 | - 0 | ||||||||||||||||||||||||
| NET CASH BALANCE | $263566 | $138551 | $162276 | $301160 | $235038 | $444229 | $329413 | $479439 | $247525 | $121 | $79 | $11 | ($467) | ($814) | ($976) | ($1146) | ($499871) | ($561698) | ($942628) | ||||||||||||||||||||||||
