March 6, 2013

AC Transit balances budget

For the second consecutive year, Oakland, Calif.-based AC Transit is on track to end the 2012-13 Fiscal Year with a balanced budget, resulting from a series of new initiatives and performance strategies.

The ongoing recovery of the local economy has led to a more stable, reliable stream of subsidies primarily from sales and parcel taxes. But, new performance and management strategies have taken hold over the past year, cutting expenses, boosting workforce efficiency and winning approval from the AC Transit board of directors.

Key among the budgetary success has been the hiring and training of dozens of new bus operators. By increasing the availability of operators, the agency simultaneously enhanced its on-time performance while reducing the need for costly overtime.

Last year, the agency’s budget was balanced with deft but austere adjustments that included layoffs, service reductions and the closing of the Richmond bus yard. This year, balancing the agency’s $314 operating budget has been largely the product of new management techniques.

“Our focus now is on a variety of new initiatives to improve efficiency as way to both upgrade our customer service and lower our expenses,” said GM David Armijo. “As an example, we are buying new, better-performing buses — phasing out older, less reliable vehicles that routinely require expensive repairs.”

In addition:

  • Operating revenues have been slightly higher that projected.
  • Operating expenses have been slightly lower than projected.
  • Subsidies overall, were slightly more than originally budgeted.
  • Property taxes are expected to provide increased funding.
deli.cio.us digg it stumble upon newsvine
[ Request More Info about this product / service / company ]


E-NEWSLETTER

Receive the latest Metro E-Newsletters in your inbox!

Join the Metro E-Newsletters and receive the latest news in your e-mail inbox once a week. SIGN UP NOW!

View the latest eNews
Express Tuesday | Express Thursday | University Transit

White Papers

Mass Transit Capital Planning An overview of the world-class best practices for assessing, prioritizing, and funding capital projects to optimize resources and align with the organization’s most critical immediate and long-term goals.

More white papers


STORE
METRO Magazine - February/March 2014

METRO Magazine
Here are the Highlight:
  • Time Running Out for Funding A New Surface Transportation Bill
  • Mobile Ticketing Makes Strides, E-fare Tech Ramps Up
  • Telematics Systems: Making Good Fleets Great
    And much more…
  •  
    DIGITAL EDITION

    The full contents of Metro Magazine on your computer! The digital edition is an exact replica of the print magazine with enhanced search, multimedia and hyperlink features. View the current issue