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MEETING AGENDA BOARD OF DIRECTORS MEETING Wednesday, May 15, 2013, 2:30 p.m. 1201 E. 7th Avenue, 3rd Floor Florida Conference Room Information not viewable is available upon request - phone: 813-384-6551, fax: 813-384-6284 or e-mail: [email protected] MISSION STATEMENT Tampa Historic Streetcar, Inc. (THS) will offer a dynamic new component to Tampa's transportation system by providing attractive, reliable, comfortable, convenient, and safe streetcar service to local residents and visitors alike CALL TO ORDER AND PLEDGE OF ALLEGIANCE APPROVAL OF MINUTES Regular Board of Directors Meeting Minutes ~ April 17, 2013 PUBLIC INPUT STREETCAR SYSTEM PERFORMANCE REPORT FOR APRIL 2013 Peter Mikos, HART Assistant Manager of Streetcar Operations LEGAL AND LEGISLATIVE REPORTS ~ Richard Schlosser, THS General Counsel .... verbal CHAIR'S REPORT ~ Michael English, THS President/Chair.............................................. verbal COMMITTEE REPORT ­ (Information only) THS Marketing Committee Minutes ~ April 17, 2013 DIRECT MEDIA USA SALES ACTIVITY UPDATE ~ Laurie Gage, Direct Media ....... verbal PRESENTATION First Revision of Proposed Budget/LOS Jeffrey C. Seward, HART Chief Financial Officer DISCUSSION ITEM a. Proposed Fiscal Year 2014 HART Annual Streetcar Operations and THS Corporate Budgets (attachment will be provided at the meeting) Jeffrey C. Seward, HART Chief Financial Officer

COMPLIANCE REPORTS (REVIEW AND FILE) a. Financial Statements for the five months ended March 31, 2013 Lee Huffstutler, City of Tampa Chief Accountant

Tampa Historic Streetcar, Inc. Board of Directors Meeting Agenda May 15, 2013 Page ~2~ b. b. Marketing Report for April/May 2013 Steve Rosenstock, HART Sr. Manager, Marketing and Communications Ridership, Fare, Special and Extra Services Reports for April 2013 Jeffrey C. Seward, HART Chief Financial Officer

OLD BUSINESS NEW BUSINESS ADJOURNMENT

TAMPA HISTORIC STREETCAR, INC. Regular Board of Directors Meeting Wednesday, April 17, 2013 at 2:30 p.m. HART Administrative Offices 1201 E. 7th Avenue, 3rd Floor Florida Conference Room Tampa, Fl 33605

Board Members Present............(7) Abbey Dohring Michael English Rick Hamilton Karen Jaroch Dr. Shawn Robinson Councilmember Mike Suarez Councilmember Eddie Vance Board Members Absent.............(0) Alternate Members Present........(1) Robert McDonaugh

HART- Staff Members Present Sylvia Berrien Lynn Cristina Katharine Eagan Lena Petit Sandra Pinto Steve Rosenstock Keith Sanders Others Present Lee Huffstutler, City of Tampa Richard A. Schlosser, General Counsel Lori Allen, TB Federal Credit Union James Ratliff, 1914 E. 4th Ave. #7, Tampa Donna Chen, Tampa Downtown Partnership Yvonne Yolie Capin, City of Tampa Joan Jennewein, Tampa, FL

Sign-in sheet are attached. CALL TO ORDER AND ANNOUNCEMENTS The meeting was called to order at 2:39 p.m. The Pledge of Allegiance followed. RECOGNITION OF OUTGOING BOARD MEMBERS President English presented a certificate of appreciation for the years of service on the HART Board of Directors to Councilwoman Yvonne Yolie Capin. Councilwoman Capin said she would continue to support the streetcar system in her position on the City of Tampa City Council. Vice President Suarez recognized Ms. Joan Jennewein for 13 years of expertise and leadership as a member of the THS Board of Directors, from the conception and opening of the system. Ms. Jennewein remarked that the TECO Line streetcar system is an icon in Tampa. She said the system had some setbacks and disappointments, but she felt confident that it will not be long before the demand for the service is proved. 1-1

THS, Inc. Board of Directors Regular Meeting Minutes April 17, 2013 Page ~ 2 Director Hamilton, acting as Chair of the THS Board Marketing Committee, extended an invitation to Ms. Jennewein to continue to serve on the THS Marketing Committee. Ms. Jennewein accepted. APPROVAL OF MINUTES Director Suarez moved and Director Hamilton seconded approval of the March 20, 2013 regular Board of Directors meeting minutes. All Board members present voted aye. The motion carried unanimously. PUBLIC INPUT No one requested an opportunity to provide comment. President English introduced Ms. Laura Allen, TB Federal Credit Union, one of the naming right holders. He indicated the Credit Union expressed their interest in renewing the naming rights contract. STREETCAR SYSTEM PERFORMANCE REPORT FOR FEBRUARY 2013 Mr. Keith Sanders, HART Director of Bus Transportation, presented the Streetcar performance report for March 2013. He reported that the ridership during the St. Patrick's Day Parade was 3,000 passengers. DISCUSSION ITEMS Director Hamilton said the Marketing Committee recommended for the full Board's approval that all convention delegates ride the streetcar system free of charge, and their family members and spouses will pay a full price. He said it is suggested that this promotion runs starting May 1, 2013 for a one-year trial period with a goal to increase ridership and build awareness of the streetcar in downtown and Ybor City. President English commented that he saw it as a big step and it made him nervous, but it will be carefully managed and all ridership will be closely tracked. Director Vance inquired about the logistics for validation of the delegates' credentials. Director Hamilton explained that a copy of the credentials for the upcoming conventions will be presented to HART staff on a monthly basis. He added that staff will have information on the travel dates and copies of their credentials for each convention for validation purposes. Director Vance asked if they will have the ability to pre-solicit the family members. Director Hamilton responded that the delegates and their spouses will be aware of this promotion before they get to Tampa. 1-2

THS, Inc. Board of Directors Regular Meeting Minutes April 17, 2013 Page ~ 3 Director Hamilton made a motion to approve the recommendation of the THS Marketing Committee that all convention delegates ride the streetcar system free of charge, and their family members and/or spouses will pay a full price. It is suggested that this promotion runs starting May 1, 2013 for a one-year trial period with a goal to increase ridership and build awareness of the streetcar in downtown and Ybor City. Director Suarez seconded. All Board members present voted aye. The motion carried unanimously. Director Hamilton made a motion to approve the THS Marketing Committee recommendation to renew the Centro Ybor parking Garage window box; that Director Hamilton committed to see that necessary staffing and expertise be utilized to complete this project. Director Suarez seconded. All Board members present voted aye. The motion carried unanimously. LEGAL AND LEGISLATIVE REPORTS Mr. Richard Schlosser, THS General Counsel, reported that the CSX policies were delivered by the insurance broker, were reviewed and sent back to CSX. He remarked that President English tasked him with reaching out to CSX regarding the remark from CSX that if operation of the streetcar be run by the City or HART, they would give some relief of the insurance amount premium. Mr. Schlosser said he has been working with CSX staff on this matter and will keep the THS Board updated on any development. Mr. Schlosser said he needs a permission to file the annual corporate report with the Secretary of State on May 1, 2013. Director Vance moved and Director Robinson seconded authorization for Mr. Schlosser to file the THS annual corporate report to the Secretary of State. All Board members present voted aye. The motion carried unanimously. Mr. Schlosser announced that THS received a check for $400.00 from IRS. He said he was trying to determine the reason for the check. CHAIR'S REPORT There was no Chair report. DIRECT MEDIA SALES ACTIVITY UPDATE Mr. Steve Rosenstock, HART Sr. Manager, Marketing and Communications, reported that USS Victory Ship bought two toppers for the streetcar for $600.00. COMPLIANCE REPORTS (Review and File) The following reports were presented to the Board: · · Financial Statements for the four months ended February 28, 2013, submitted by Lee Huffstutler, City of Tampa THS Marketing Reports for March 2013, submitted by Steve Rosenstock, HART 1-3

THS, Inc. Board of Directors Regular Meeting Minutes April 17, 2013 Page ~ 4 · Ridership, Fare, Special and Extra Services Reports for March 2013submitted by Jeffrey Seward, HART

OLD BUSINESS Director Vance inquired if THS has a long-term or strategic plan for the streetcar. President English responded that THS has a business plan. He requested that HART staff make it available for Director Vance and other newly-appointed Board members. President English indicated that the THS Board will have a couple of new Board members soon and it might be a good time for a strategic workshop to update the vision, talk about the business plan, and receive feedback from all THS Board members. NEW BUSINESS There was no new business. ADJOURNMENT The meeting adjourned at 3:03 p.m. ATTEST Michael English, President/Chair THS Board of Directors Abbey Dohring, Secretary-Treasurer THS Board of Directors

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Tampa Historic Streetcar, Inc. Board of Directors Meeting May 15, 2013 STREETCAR SYSTEM PERFORMANCE REPORT FOR APRIL 2013 MISSED TRIPS The TECO Line Streetcar System delivered 99.5 % of the 2,077 contracted trips for April. All 10.5 trips lost were the result of the bomb threat on April 18, 2013 at Cruise Terminal 3. ON-TIME DEPARTURES The system experienced six late departures in April 2013 which resulted in a 99.7% on-time performance rating. Increased ridership and a mechanical issue accounted for reported late departures. ACCIDENTS There was one accident during this month. On April 9, 2013 at 2:05 p.m., the streetcar was traveling east on 8th Avenue when a vehicle failed to stop at the 18th Street intersection. The vehicle made contact with the streetcar causing minor damage (i.e. scratch). No injuries were reported. There were no service interruptions. HART used a plug streetcar. INCIDENTS There was one incident during the month. On April 18, 2013 at 10:00 a.m., Tampa Police Department (TDP) ordered a cease in streetcar service due to a bomb threat at Cruise Terminal 3. TPD requested service to stop at 1:40 p.m. HART coordinated a bus bridge with two buses. The buses were released by 3:00 p.m. when streetcar service was restored. COMPONENT PERFORMANCE Trackway and Interlocking Report ­ All trackway inspections/maintenance were completed as scheduled. The trackway is inspected every morning by HART personnel. Staff checks the interlocking (area where streetcars cross CSX trackway) for debris. CSX maintains interlocking. Catenary Report ­ All inspections were completed as scheduled. ADA Bridge Mechanism ­ There were 33 wheelchair boardings with no reported problems. Substations ­ All monthly service was completed as scheduled.

VEHICLE MAINTENANCE All maintenance on the streetcars is current. Service Performed at: Performed in March A 400 miles 13 C 10,000 miles 1 Prepared by: Peter Mikos, Assistant Manager of Streetcar Operations Reviewed by: Katharine Eagan, AICP, Chief Operating Officer Approved by: Philip R. Hale, Chief Executive Officer 2-1

TAMPA HISTORIC STREETCAR, INC. BOARD OF DIRECTORS Marketing Committee Meeting Wednesday, April 17, 2013 1:00 p.m. HART Administrative Office, 1201 E. 7th Avenue, Florida Conference Room Committee Members Present Rick Hamilton, Chair Donna Chen Abbey Dohring Michael English James Ratliff Dr. Shawn Robinson Committee Members Absent Joan Jennewein (6) HART Staff Members Present Katharine Eagan Lynn Cristina Lena Petit Gisela Rivera-Rios Steve Rosenstock

(1)

Others Present Rose R., HCC

CALL TO ORDER, INTRODUCTIONS, AND ANNOUNCEMENTS Sign-in sheet is attached. The meeting was called to order at 1:05p.m by Committee Chair Hamilton. The Pledge of Allegiance followed. APPROVAL OF MINUTES Committee member Ratliff moved and Committee member Dohring seconded approval of minutes from the December 19, 2012 THS Marketing Committee meeting. All Committee members voted aye. The motion carried unanimously. COMMITTEE DISCUSSION ITEMS HART Staff Seeking Direction from the THS Board of Directors on Request for Free Rides or Reduced Fare for the 33rd National Veterans Wheelchair Games on July 12-18, 2013 Ms. Katharine Eagan, HART Chief Operating Officer, reported that HART received the request from the organizers of the veterans' games to enable the participants to ride the streetcar either for free or on discount. She pointed out the limited space for wheelchairs on the streetcars and noted that there was no request to modify that capacity. Ms. Eagan stated that the event has a really nice national footprint and the organizers asked if THS would be able to help them get around on the streetcar. She said the events will be happening by USF, at the Tampa Convention Center, and at the Tampa Bay Times Forum. Committee Chair Hamilton commented that the Convention Center faces challenges since the games will be held in the exhibit halls that are located on the third level of the building, and there are limits in availability of transportation means. He pointed out that this request could be applied under the Discussion Item 2c on the agenda.

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Tampa Historic Streetcar, Inc. Marketing Committee Meeting April 17, 2013 Page ~2 Ms. Eagan remarked that if the THS Marketing Committee were to go ahead and recommend to the full Board this promotion, staff would recommend having some parameters in place stating why one particular group would be able to get free rides or discount of rides and the other group could not. THS President English indicated that Committee member Robinson has asked for some free passes for an event, and the value of these tickets is deducted from the THS marketing budget, which currently stands at $14,000. Ms. Eagan explained that if the Board authorizes someone to ride for free "with displaying credentials", THS will be losing the fare media, but not debiting out of the budget what a ticket would be. Committee Chair Hamilton suggested discussing the item C because it is pertinent to the current discussion. He said he has met with HART staff about a recommendation that the convention delegates ride with their credentials at no fare and their spouses and children would have to pay full price. Committee Chair Hamilton remarked that all downtown hotels that are participating in the promotional services offered to the convention center visitors are ready to enact that initiative on May 1. He indicated that, in his opinion, the promotion should be done on a trial basis to see how it affects the ridership. Committee Chair Hamilton suggested that the veterans' games participants' request be honored under that same agreement. Mr. Steve Rosenstock, Sr. Manager of Marketing and Communications, explained that streetcar motormen would receive each week a notification of a specific convention delegate pass so they would know who is eligible for free rides. Committee Chair Hamilton said the proposal is for a trial period of one year, after which it will be evaluated and if it does not work, the equation could be changed as necessary in the future. He added that on a monthly basis the convention center staff will provide HART with a schedule of conventions and with sample credentials so that no one could abuse the privilege. THS President English inquired about loss revenue associated with the promotion. Committee member Chen inquired whether the Convention Center has any data on typically how many convention goers bring family member or guests that are non-credentialed. Committee Chair Hamilton said it depends on the individual group. He remarked that military associations, who are unfortunately losing most privileges due to the sequester and Department of Defense travel cuts, are mainly attended by the delegate only; but most of the association business that we have in town including the competitive arts with the sports groups travel with family. Committee Chair Hamilton noted his experience with similar promotion in Ocean City which returned a huge benefit to the businesses along the line because it dispersed the convention delegates out into the various shopping communities. He added that when the business district started seeing the results, they became more supportive of what was up there was a trolley system. Ms. Eagan responded that she has just asked staff to put an estimate together on the impact of how many convention goers are riding the streetcar system. She noted that it would probably be anecdotal based on observations from the motormen put together with some level of ridership data. 3-2

Tampa Historic Streetcar, Inc. Marketing Committee Meeting April 17, 2013 Page ~3 Committee member Ratliff referred to the 2010 planning conference held in Tampa when the state leadership wanted to bring in a shuttle bus to run people from the Convention Center to downtown. He remarked that it is important to start thinking of the streetcar system as a piece of the larger Tampa system and that it could become a selling point to get more conventions into the town. Committee member Ratliff said he shared concern about finding a way of tracking loss revenue. THS President English stated that he is a member of the Board of Redevelopment Association and their annual meeting is in October in Tampa and they will bring 350 people, and some spouses. He remarked that from a personal perspective he is glad to be able to tell the conference organizers that its attendees can ride for free. THS President English indicated that he would be happy to support the promotion and evaluate it for a year, but it is necessary to track such ridership. Committee member Dohring said, in her opinion, a tracking mechanism is very important and that the streetcar motormen do their due diligence. She noted that most of the convention goers come year after year and if they enjoy being on the streetcar this year, they would want to use the streetcar again even if the promotion is not extended into the next year. Committee member Ratliff inquired about a way to track ridership through farebox. He said he wanted to be able at the end of the year to convert this ridership into what it would have been in revenue. Ms. Eagan explained that streetcar conductors will be able to track under a promotion key on the farebox how many discreet trips are taken. She added that the default would probably be to price them out at the average fare for the system, but at the end of the year, staff could bring the data to this Committee for consideration. Committee member Chen stated that it would be interesting to see what that does to the general ridership trends because people like to go places where other people are going; and if the streetcar system is experiencing larger loads, it is going to attract more people to the streetcar overall ridership. Committee member Dohring said such data may act as a good study for the Mayor as he has publically said that he would like to make the streetcar free. Committee member Ratliff made a motion to table discussion item 2a - HART Staff Seeking Direction from the THS Board of Directors on Request for Free Rides or Reduced Fare for the 33rd National Veterans Wheelchair Games on July 12-18 ­ and make a recommendation that the discussion item 2c - Update on the Development of a Proposal for Convention Visitors (recommendation that the convention delegates ride with their credentials at no fare and their spouses and children would have to pay full price) is advanced to the full THS Board of Directors for their consideration and approval. Committee member Chen seconded. All Committee members present voted aye. The motion passed unanimously. HART Staff Seeking Direction from the THS Board of Directors on Renewal of the Centro Ybor Parking Garage Window Box Mr. Rosenstock reported that the streetcar system has a display at the 5th Avenue display box that needs to be upgraded. 3-3

Tampa Historic Streetcar, Inc. Marketing Committee Meeting April 17, 2013 Page ~4 Committee member Robinson arrived at 1:25 p.m. Ms. Eagan explained that the organizations, such as THS, that have a preexisting space in the display window are extended the first right of refusal and if the entity of THS is interested in keeping this window space THS has the responsibility of partnering with an artist, getting the content developed which YCDC will help to defray those costs up to $450 of producing a window display. THS President English remarked that in previous years the display was done by his spouse who would not be available to work on the upgrade this year. Committee member Chen inquired whether there was time or money allotted for HART staff to do the design work. Mr. Rosenstock said this expense was not included into the budget. Committee member Robinson indicated that he is on the YCDC Board of Directors. He explained that $450 could be used for staff time to pay the overtime or design. Committee member Robinson said HCC have their own display, and the students will probably be devoted to the project and will not be able to assist the streetcar. Committee member Chen commented that it would be nice to have a presence at the location if $450 would cover the expense of design and upgrade. Committee member Ratliff indicated that it has to have a day and night presence, and either LED lights or some kind of florescent light is to be used to be attractive for the public. Ms. Eagan stressed that since the display window is on 5th Avenue, the market would be foot traffic along the 5th Avenue or people driving by. She indicated that from a marketing perspective it is a useful space if the window could be targeted to who is going to see it. Committee Chair Hamilton said he would commit to work on the upgrade of the display, come up with staff to volunteer to put this together. THS President English said a graphic designer or interior designer to give a concept that is inexpensive to implement would be all that is needed. THS President English made a motion to authorize Committee Chair Hamilton to engage appropriate resources to upgrade the window display on 5th Avenue. Committee member Dohring seconded the motion. All Committee members present voted aye. The motion carried unanimously. Committee member Dohring asked if there were a more prominent window display available for THS use, would it be possible to switch for a more prominently-located option. Committee member Robinson said he was not sure about such opportunity, but he would inquire about it.

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Tampa Historic Streetcar, Inc. Marketing Committee Meeting April 17, 2013 Page ~5 Update on the Development of a Proposal for Convention Visitors Ms. Eagan remarked that staff has just advised that procedurally the agenda for the full Board meeting that will be held immediately upon adjournment of this Committee meeting, does not include the items for discussion noted in the previous motion and hence it would be confusing for the full Board. She noted that staff's recommendation is to amend the motion stating the content of the discussion item 2c. Committee member Ratliff made a substitute motion to recommend that the THS Board of Directors approve that the Convention Center delegates ride the streetcar system with their credentials at no fare and their spouses and children would pay full price. Committee member Chen seconded. All Committee members present voted aye. The motion passed unanimously. Next Steps: 2012 THS Profile Study Conducted by Hillsborough Community College Committee member Robinson said he has been contacted by one of the long time business owners in Ybor City about putting together a separate fundraising effort to help the streetcar add hours for "an express car" where it might pick up at one end and run straight down through and drop-off at Ybor City at 11:00 a.m. and return nonstop at the end of lunch back downtown. Ms. Eagan commented that single tracks would not allow cars to pass each other. She said such nonstop service would save two minutes. Ms. Eagan remarked that a better issue would be tightening up the schedule. She reported that one of the annual federally-required reporting is speed of the system, and every year the Federal Rail Administration says TECO Line streetcar system is X percentage outside of how slow it should be. Ms. Eagan pointed out that HART has a contract which governs the use of the motormen or bus operators. She spoke about limitations on how small a split piece of work can be. THS President English remarked that the endowment cannot be depended upon any longer as a significant funding source. He said the reality of that has become clear to the City, and it is becoming clear at regional and state levels as well. THS President English noted that streetcar is a rail system, and no one wants a rail system to fail. He said, in his opinion, potential for additional funding will appear one way or another. THS President English noted there was a direct relationship to the loss of ridership and loss of service hours, and that morning service is absolutely imperative in the future to function as a full service system. He indicated that it was time for doing extension studies and engaging the community to think through where the system might be extended; for the system to get to the next level. Committee member Ratliff said, in his opinion, one of important steps is developing a clearer vision statement of what it will be in the future. Committee Chair Hamilton suggested the streetcar run through the Convention Center and connect to Hyde Park. He commented that more connectivity is observed for pedestrians with Hyde Park and Bayshore across the Platt Street Bridge and utilizing the Riverwalk. THS President English requested that Committee member Robinson's request for free passes be put on the agenda for the Committee's discussion. He said he wanted to emphasize that the cost for the passes comes out of the marketing budget. 3-5

Tampa Historic Streetcar, Inc. Marketing Committee Meeting April 17, 2013 Page ~6 Ms. Eagan read into the record an excerpt from the last Marketing Committee meeting on December 19, 2012, where a motion passed unanimously directing staff to pursue the direct media initiative and to work together with Committee member Hamilton to develop a proposal for convention visitors. She said the Marketing Committee approved this for additional study but it did not get referred up to the full Board for discussion. THS President English said he had a concern about the proposal, when Busch Gardens has a convention and they learn that convention goers from downtown ride the streetcar for free. He commented that it could become an issue if a motorman refused somebody with unfamiliar credentials. THS President English stated that the streetcar depends a lot on people visiting Tampa to pay to ride the system and it makes him very uncomfortable to put a limit on it. Committee Chair Hamilton responded that other convention goers could prepare their advanced credentials and have them approved through the Convention Center. Ms. Eagan suggested that the credentials should have the Tampa Convention Center logo on them. She said that she would strongly encourage streamlining that to some level of the Tampa logo being involved since there is a finite group of motormen, but also alternates that rotate through. Ms. Eagan explained that when the motormen have questions they call dispatchers, who are many times in the evenings staffed leaned; and if there is a serious accident going on, the motormen will not get the information they need from the dispatchers. Committee Chair Hamilton stated that it would be very difficult to have the credentials printed with the Tampa Bay Convention Center logo on them because they are printed in advance, using their own logos. Ms. Eagan suggested that the list of conventions be providing on Tampa Convention Center lanyard. Committee member Robinson remarked that he thought it was a great idea and he supported it. He wanted to make sure that all hotels along the streetcar line are included into the promotion because the college hosts conferences and the attendees come with premade name tags and lanyards. Committee Chair Hamilton said his staff reached out to all downtown hotels and is getting ready to go to Ybor now. He noted that a question has come up most frequently "what if one does not have credentials?" Committee Chair Hamilton remarked that his answer has been if there are no credentials, one does not ride. He indicated that he believed it would be a great promotion to build awareness; and hopefully, that the ridership increases so much that it will not need to be continued after the first year. Committee member Dohring stated she would personally pay to have a banner put on the front of her building. She said the CRA will be supportive of helping get the word out too, whether it means that they are putting it up at their expense or they are putting it up by working on their relationships. Committee member Dohring inquired whether the $40,000 can be used for anything other than marketing, potentially for a staff person. Ms. Eagan explained that per policy any changes the THS Board does to the budget, they need to go through the budget amendment process and when THS changes the budget you are required to have the HART Board and the City of Tampa approve that. 3-6

Tampa Historic Streetcar, Inc. Marketing Committee Meeting April 17, 2013 Page ~7 Committee Chair Hamilton stated that he keeps calling Mr. Anderson from the Port for a time to meet with him. Committee member Chen brought to the group's attention the fact that on April 1st the Tampa Bay Downtown Partnership launched two different programs: Touring Tampa, a website and also a marketing campaign to feature all of the urban tours under one umbrella; with TECO Line Streetcar tour being a part of Touring Tampa. She said the other program is the Downtown Tampa Arts and Entertainment Pass. Committee member Chen thanked THS President English who helped promote the streetcar for the Arts and Entertainment Pass. She commented that the events got free publicity for the streetcar. THS President English thanked Committee member Chen for her service. ADJOURNMENT The meeting adjourned at 2:19 p.m.

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Tampa Historic Streetcar, Inc. Board of Directors Meeting May 15, 2013 ______________________________________________________________________________ DISCUSSION ITEM Proposed Fiscal Year 2014 HART Annual Streetcar Operations and THS Corporate Budgets DISCUSSION Each year, the THS Board of Directors is presented with both a proposed HART annual Streetcar Operations budget and a proposed annual THS Corporate budget to preliminarily discuss available revenues and service levels for estimated expenditures for the following Fiscal Year. Decisions made by the THS Board of Directors based on this proposed budget will be developed into tentative annual budgets for adoption during the summer. NEXT STEPS It is recommended that the THS, Inc. Board of Directors review and provide the HART CEO direction on the development of the FY2014 annual Streetcar Operations budget and the annual THS, Inc. Corporate budget.

Prepared by: Kenneth J. Wagner, Director of Finance Reviewed by: Jeffrey C. Seward, Chief Financial Officer Approved by: Philip R. Hale, Chief Executive Officer

Attachment:

Proposed FY2014 Annual THS Budget

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Proposed FY2014 Annual THS Budget

THS Board of Directors Meeting May 15, 2013

Proposed FY2014 Annual THS Budget Table of Contents

Page Executive Summary ......................................................................... 1 THS Annual Budget......................................................................... 2 HART Annual Streetcar Operations Budget ................................... 3 Summary of Positions ...................................................................... 4 Summary of Rate Calculations ........................................................ 5 Key Operating Statistics .................................................................. 6 Streetcar Fare Structure ................................................................... 7 THS Annual Corporate Budget ....................................................... 8 THS Twenty-Year Business Plan -- Detail ............................ 9 ­ 12

EXECUTIVE SUMMARY

Proposed THS Annual Budget Pursuant to the "Operator's Agreement for the TECO Line Streetcar System" dated October 1, 2011, HART, as the Operator, "shall develop, in consultation with THS and the City, an Annual Operations Budget (which is part of the overall Annual THS Budget)." This annual budget contains both HART's operating budget for the streetcar as well as the THS corporate budget and is proposed for FY2014 at $1,977,716, *(net amount, see Note 1) which is $80,409 higher than FY2013. A high level overview of the components that make-up the FY2014 Proposed THS Annual Budget is provided below:

Proposed HART FY2014 Annual Streetcar Operating Budget Summary The Proposed FY2014 HART Annual Streetcar Operations Budget is $1,487,633. Estimated revenues of $1,487,633 are higher by $64,464 as compared to FY2013 which is attributed to a series of factors, which net-out that increase. Specifically, a decrease in fare revenues of $43,066 (due to higher utilization of passes), an increase of $20,000 (sharing of the 30-day bus pass revenue), an increase in contributions from THS of $137,381 (due to higher operational expenses), and a decrease in CRA funding by $41,988. Estimated expenses of $1,487,633 are higher by $64,464 as compared to FY2013 due to an increase in wages from budgeting for a full motorman which was previously budgeted in FY2013 as a .5 position, and an increase in fringe benefits primarily due to higher claims costs. Proposed THS Corporate Budget Summary The Proposed FY2014 THS Corporate Budget is $627,464. Estimated revenues of $588,220 are higher by $11,219 as compared to FY2013 due to a $11,219 increase in property values from the CRAs. Estimated expenses of $627,464 are higher by $164,465 as compared to FY2013 due to an increase in the contribution to HART for Streetcar Annual Operations by $137,381 and inflationary increases to CSX Insurance and Board Expenses.

Note 1: When summed, the Proposed FY2014 HART Streetcar Operating Budget of $1,487,633 and the Proposed FY2014 THS Corporate budget of $627,464 equal a gross amount of $2,115,097; the $137,381 difference is due to an accounting double-count of revenue and expenditures in that amount when the respective budgets are consolidated.

______________________________________________________________________________ Proposed FY2014 Annual THS Budget Page 1

THS Annual Budget FY2009 to FY2015

FY 2009 Actual Operating Revenues HART Operating Revenues Transfer (to)from Fund Balance THS Operating Revenues Eliminate Contribution to HART Total Operating Revenues Operating Expenses HART Operating Expenses THS Operating Expenses Eliminate THS Contribution to HART Total Operating Expenses THS Annual Excess (Deficit) Endowment Balance THS Annual Excess (Deficit) Loss on Endowment & Adjustments Adjustments Net Adjustment to Endowment Prior Year Ending Balance Current Year Ending Balance FY 2010 Actual FY 2011 Actual FY 2012 Actual FY 2013 Adopted FY 2014 Proposed FY 2015 Planned

$2,017,545 ($21,359) $894,192 ($910,753) $1,979,625

$2,008,449 ($15,022) $740,205 ($836,858) $1,896,774

$2,056,518 ($181,374) $645,977 ($690,941) $1,830,180

$1,512,038 ($49,381) $562,672 ($45,829) $1,979,500

$1,423,169 $0 $474,138 $0 $1,897,307

$1,487,633 $0 $627,464 ($137,381) $1,977,716

$1,492,331 $0 $646,865 ($142,079) $1,997,117

$1,996,186 $1,367,113 ($910,753) $2,452,546 ($472,921)

$1,993,427 $1,324,944 ($836,858) $2,481,513 ($584,739)

$1,875,144 $1,139,999 ($690,941) $2,324,202 ($494,022)

$1,462,657 $490,115 ($45,829) $1,906,943 $72,557

$1,423,169 $474,138 $0 $1,897,307 $0

$1,487,633 $627,464 ($137,381) $1,977,716 $0

$1,492,331 $646,865 ($142,079) $1,997,117 ($0)

($472,921) ($41,691) $0 ($514,612) $1,762,305 $1,247,693

($584,739) $49,357 ($74,815) ($610,197) $1,247,693 $637,496

($494,022) ($20,914) $7,193 ($507,743) $637,496 $129,753

$72,557 $0 ($99,453) ($26,896) $129,753 $102,857

$102,863 $0 $0 $102,863 $102,857 $205,720

($39,244) $0 $0 ($39,244) $205,720 $166,476

($45,306) $0 $0 ($45,306) $166,476 $121,170

Proposed FY2014 Annual THS Budget

Page 2

HART Annual Streetcar Operations Budget FY2009 to FY2015

FY 2009 Actual Operating Revenues: Fare Revenues Pass Revenues Total Fare & Pass Revenues Federal Operating Grants State Operating Grants Local Operating Grants Tampa Historic Streetcar Total Operating Grants Advertising Other Income Total System Revenues Total Operating Revenues Operating Expenses Salaries Fringe Benefits Fuel and Oil Parts and Supplies Operational Services Administrative Services Legal Services Marketing and Printing Risk & Insurance Costs Utilities Taxes and Fees Other Expenses Total Operating Expenses Excess (Deficit) Service Rates Base Service Rate Extra Service Rate (within Base Service Period) Extra Service Rate (outside Base Service Period) Special Service Rate FY 2010 Actual FY 2011 Actual FY 2012 Actual FY 2013 Adopted FY 2014 Proposed FY 2015 Planned

$441,277 $203,152 $644,429 $200,000 $100,000 $150,000 $910,753 $1,360,753 $0 $12,363 $12,363 $2,017,545

$356,040 $212,251 $568,291 $200,000 $100,000 $300,000 $836,858 $1,436,858 $1,350 $1,950 $3,300 $2,008,449

$186,263 $422,918 $609,181 $200,000 $100,000 $450,000 $690,941 $1,440,941 $0 $6,396 $6,396 $2,056,518

$111,890 $458,245 $570,135 $200,000 $100,000 $596,050 $45,829 $941,879 $0 $24 $24 $1,512,038

$121,791 $498,390 $620,181 $200,000 $100,000 $491,988 $0 $791,988 $0 $11,000 $11,000 $1,423,169

$108,916 $488,199 $597,115 $200,000 $100,000 $450,000 $137,381 $887,381 $0 $3,137 $3,137 $1,487,633

$108,916 $488,199 $597,115 $200,000 $100,000 $450,000 $142,079 $892,079 $0 $3,137 $3,137 $1,492,331

$1,164,931 $367,258 $1,357 $174,604 $25,047 $6,398 $0 $33,282 $56,479 $172,304 $0 ($5,474) $1,996,186 $21,359

$1,178,120 $399,370 $2,286 $173,987 $8,274 $2,666 $0 $21,685 $22,586 $169,819 $0 $14,634 $1,993,427 $15,022

$1,109,014 $353,055 $3,428 $167,681 $9,310 $1,504 $0 $31,043 $60,861 $129,575 $0 $9,673 $1,875,144 $181,374

$863,275 $231,193 $1,076 $125,137 $1,980 $20,308 $0 $46,802 $51,885 $113,026 $0 $7,975 $1,462,657 $49,381

$719,551 $193,654 $900 $105,729 $21,485 $30,000 $0 $49,485 $97,580 $187,615 $0 $17,170 $1,423,169 $0

$782,742 $227,948 $900 $117,729 $31,485 $30,000 $0 $49,485 $57,204 $175,615 $0 $14,525 $1,487,633 $0

$784,360 $228,168 $900 $117,729 $31,485 $30,000 $0 $49,485 $60,064 $175,615 $0 $14,525 $1,492,331 $0

$ $ $

136.98 76.68 105.14 $136.98

$ $ $

143.98 83.98 113.94 $143.98

$ $ $

130.35 71.76 101.64 $130.35

$ $ $

116.44 72.27 87.13 $116.44

$ $ $

115.40 57.17 74.05 $115.40

$ $ $

119.01 67.67 80.86 $119.01

$ $ $

119.39 67.67 81.00 $119.39

Proposed FY2014 Annual THS Budget

Page 3

Summary of Positions FY2009 to FY2015

FY2009 Budget Summary of Positions Assistant Manager of Streetcar Administrative Assistant I Motorman Supervisor of Streetcar Maintenance II Service Attendants Streetcar Mechanics Facilities Maintenance Technicians General Maintenance Technicians Dispatcher Road Supervisor Assistant Mgr of Streetcar Maintenance Manager of Streetcar TOTAL FY2010 Budget FY2011 Adopted FY2012 Adopted FY2013 Adopted FY2014 Proposed FY2015 Planned

1.00 1.00 10.00 0.00 2.00 3.00 2.00 3.00 1.00 1.00 1.00 0.00 25.00

1.00 1.00 9.00 1.00 2.00 3.00 2.00 3.00 1.00 1.00 0.00 0.00 24.00

1.00 1.00 9.00 1.00 2.00 3.00 2.00 3.00 1.00 1.00 0.00 0.00 24.00

1.00 1.00 9.00 1.00 2.00 3.00 2.00 3.00 1.00 1.00 0.00 0.00 24.00

1.00 0.00 6.50 1.00 2.00 2.00 2.00 2.00 0.00 0.00 0.00 0.00 16.50

1.00 0.00 7.00 1.00 2.00 2.00 2.00 2.00 0.00 0.00 0.00 0.00 17.00

1.00 0.00 7.00 1.00 2.00 2.00 2.00 2.00 0.00 0.00 0.00 0.00 17.00

Proposed FY2014 Annual THS Budget

Page 4

Summary of Rate Calculations FY2009 to FY2015

Audit FY2009 Base Service Rate Total Expenses Service Hours Base Service Rate Special Service Rate Extra Service W/I Base Streetcar Operators Salaries Fringe Benefits Streetcar Servicing Salaries Fringe Benefits Streetcar Maintenance Salaries Fringe Benefits Streetcar Bldg Maintenance Salaries Fringe Benefits Streetcar Route Maintenance Salaries Fringe Benefits Actual FY2010 Actual FY2011 Actual FY 2012 Adopted FY2013 Proposed FY2014 Planned FY2015

$ 1,996,186 14,572 $ $ 136.98 136.98

$ 1,993,427 13,845 $ $ 143.98 143.98

$ 1,875,144 14,385 $ $ 130.35 130.35

$ 1,462,657 12,561 $ $ 116.44 116.44

$ 1,423,169 12,332 $ $ 115.40 115.40

$ 1,487,633 12,500 $ $ 119.01 119.01

$ 1,492,331 12,500 $ $ 119.39 119.39

98-6-230

$ $ $ $ $ $ $ $ $ $

478,535 156,233 76,271 30,517 116,835 37,116 60,965 19,646 103,970 37,323

$ $ $ $ $ $ $ $ $ $

484,691 159,065 63,829 20,234 144,835 48,345 67,636 25,641 104,672 43,721

$441,229 $140,022 $64,894 $25,481 $102,006 $31,802 $87,647 $31,524 $74,616 $32,985 $ 1,032,206 14,385 $ 71.76 $

$394,680 $101,439 $64,487 $19,272 $100,387 $39,722 $86,452 $23,359 $58,608 $19,411 907,817 12,561 72.27

$ $ $ $ $ $ $ $ $ $ $

264,296 70,325 65,066 18,698 85,568 33,180 75,846 18,673 55,732 17,579 704,963 12,332 57.17 $

$370,064 $91,410 $63,316 $21,918 $88,004 $34,960 $78,161 $24,382 $56,636 $17,061 845,912 12,500 67.67 $

$370,064 $91,410 $63,316 $21,918 $88,004 $34,960 $78,161 $24,382 $56,636 $17,061 845,912 12,500 67.67

98-7-250

98-7-260

98-7-320

98-7-324

Total Expenses Service Hours Extra Service Rate Within Base Extra Service Outside Base Total Salaries Total Fringe Benefits Total Expenses Service Hours Extra Service Rate Outside Base

$ 1,117,411 14,572 $ 76.68

$ 1,162,669 13,845 $ 83.98

$

$

$

$

$ 1,164,931 $ 367,258 $ 1,532,189 14,572 $ 105.14

$ 1,178,120 $ 399,370 $ 1,577,490 13,845 $ 113.94

$ 1,109,014 $ 353,055 $ 1,462,069 14,385 $ 101.64

$ $

863,275 231,193

$ $ $

719,551 193,654 913,205 12,332 74.05

$ $

782,742 227,948

$ $

784,360 228,168

$ 1,094,468 12,561 $ 87.13

$ 1,010,690 12,500 $ 80.86

$ 1,012,528 12,500 $ 81.00

$

Proposed FY2014 Annual THS Budget

Page 5

Key Operating Statistics FY2009 to FY2015

Statistics Key Operating Statistics: Ridership Total Miles Revenue Miles Total Hours Revenue Hours Vehicle Trips FY2009 Actual FY2010 Actual FY2011 Actual FY2012 Actual FY2013 Adopted FY2014 Proposed FY2015 Planned

462,461 74,913 74,604 14,650 14,572 33,053

407,011 71,411 71,395 13,919 13,845 31,570

366,808 76,598 76,471 14,463 14,385 30,921

306,247 67,621 67,599 12,634 12,561 26,733

330,000 66,389 66,357 12,404 12,332 26,246

330,000 67,000 67,000 12,500 12,500 26,400

330,000 67,000 67,000 12,500 12,500 26,400

Proposed FY2014 Annual THS Budget

Page 6

Streetcar Fare Structure FY2009 to FY2015

Fare Type Fare Structure Cash Fare Discount Cash Fare 1-Day Unlimited Ride 1-Day Unlimited Ride Discount 3-Day Unlimited Ride (Visitors Pass) 3-Day Unlimited Ride (Sale > 200 passes) 20-Ride Pass Annual Pass FY2009 Actual FY2010 Actual FY2011 Actual FY 2012 Actual FY 2013 Adopted FY 2014 Proposed FY 2015 Planned

$2.50 $1.25 $5.00 $2.50 $11.00 $9.00 $25.00 $200.00

$2.50 $1.25 $5.00 $2.50 $11.00 $9.00 $25.00 $200.00

$2.50 $1.25 $5.00 $2.50 $11.00 $9.00 $25.00 $200.00

$2.50 $1.25 $5.00 $2.50 $11.00 $9.00 $25.00 $200.00

$2.50 $1.25 $5.00 $2.50 $11.00 $9.00 $25.00 $200.00

$2.50 $1.25 $5.00 $2.50 $11.00 $9.00 $25.00 $200.00

$2.50 $1.25 $5.00 $2.50 $11.00 $9.00 $25.00 $200.00

Proposed FY2014 Annual THS Budget

Page 7

THS Annual Corporate Budget FY2009 to FY2015

FY2009 Actual C THS Revenues 1 SSD Existing Non-Homestead 2 Port Authority Contribution 3 Int. Ads, Merch, Spec. Svc Vigo - Breezer Car Sponsor 4 5 Car Leasing 6 Advertising Sales 7 Reimbursement of Prior Yr Exp 8 Contributions 9 Interest On Operating Account 10 (To) From Fund Balance 10 Total THS Revenue D THS Expenses 1 Marketing (Rev Dev) Program 2 CSX Interlock Insurance 3 Breezer Car Maint. 4 Board Expenses 5 HART Extra Service 6 HART Subsidy 7 8 E 1 2 3 5 6 7 Total THS Expenses THS Excess (Deficit) Fund & Endowment Balance Transfers In (Out) from THS Excess(Def Loss on Value of Endowment Adjustment Net Adjustment to Endowment Endowment Principal - Beg Bal Endowment Principal - End Bal FY2010 Actual FY2011 Actual FY2012 Actual FY2013 Adopted FY 2014 Proposed FY 2015 Planned

$596,986 $150,000 $0 $0 $17,424 $38,105 $89,820 $0 $1,857 $0 $894,192

$503,475 $150,000 $0 $0 $23,577 $17,513 ($12,967) $28,451 $30,156 $0 $740,205

$455,981 $150,000 $0 $0 $2,000 $13,386 $0 $13,451 $11,159 $0 $645,977

$431,330 $100,000 $0 $0 $900 $14,750 $0 $13,451 $2,241 $0 $562,672

$448,751 $100,000 $0 $0 $10,000 $16,000 $0 $0 $2,250 ($102,863) $474,138

$459,970 $100,000 $0 $0 $10,000 $16,000 $0 $0 $2,250 $39,244 $627,464

$473,309 $100,000 $0 $0 $10,000 $16,000 $0 $0 $2,250 $45,306 $646,865

$0 $387,289 $0 $69,071 $25,581 $885,172 $1,367,113 ($472,921)

$0 $406,403 $0 $81,683 $24,421 $812,437 $1,324,944 ($584,739)

$0 $405,446 $0 $43,612 $3,648 $687,293 $1,139,999 ($494,022)

$0 $398,838 $0 $45,448 $6,762 $39,067 $490,115 $72,557

$0 $430,138 $0 $44,000 $0 $0 $474,138 $0

$0 $444,763 $0 $45,320 $0 $137,381 $627,464 $0

$0 $458,106 $0 $46,680 $0 $142,079 $646,865 ($0)

($472,921) ($41,691) $0 ($514,612) $1,762,305 $1,247,693

($584,739) $49,357 ($74,815) ($610,197) $1,247,693 $637,496

($494,022) ($20,914) $7,193 ($507,743) $637,496 $129,753

$72,557 $0 ($99,453) ($26,896) $129,753 $102,857

$102,863 $0 $0 $102,863 $102,857 $205,720

($39,244) $0 $0 ($39,244) $205,720 $166,476

($45,306) $0 $0 ($45,306) $166,476 $121,170

Proposed FY2014 Annual THS Budget

Page 8

Tampa Historic Streetcar Twenty Year Business Plan - Detail FY 2006 to FY 2034

Sect# Row# A 1 2 3 4 5 6 7 7a 7b 7c B 1 2 3 4 5 6 7 8 9 C 1 2 3 4 5 D 1 2 3 4 5 6 7 8 9 10 11 E 1 2 3 4 5 6 7 8 F 1 2 3 4 5 6 7 G 1 2 3 Section Description Line Description Statistics & Rates Revenue Hours Ridership Percent change in ridership Average Fare per Rider HART Expenses per Revenue Hour % change in HART Expenses per Vehicle Hours Total Positions Motorman Positions Maintenance Positions Support Positions HART Revenues Farebox Farebox Exchange Other/Special Events/Loss of Use Fed Sec 5307 State Block CRA Funding - Current Year CRA Funding - from Prior Year ($157,445) THS Contribution Total HART Revenue HART Expenses HART Phase I & II Charged State Block Grant Cap Maint. Charged Fed. Grant Total HART Expenses HART Excess (Deficit) THS Revenues SSD Existing Non-Homestead Port Authority Contribution Int. Ads, Merch, Spec. Svc Vigo - Breezer Car Sponsor Car Leasing Advertising Sales Reimbursement of Prior Yr Exp Contributions from Deferred Revenue Interest On Operating Account (To) From Fund Balance Total THS Revenue THS Expenses Marketing (Rev Dev) Program CSX Interlock Insurance Breezer Car Maint. Board Expenses HART Extra Service HART Base Service Total THS Expenses THS Excess (Deficit) Fund & Endowment Balance Transfers In (Out) from THS Excess(Deficit) Loss on Value of Endowment Adjustment Required Subsidy from Alternate Source Net Adjustment to Endowment Endowment Principal - Beg Bal Endowment Principal - End Bal Total Annual Operating Activity Total Operating Revenue Total Operating Expense Net Excess (Deficit) 2006 Actual 2007 Actual 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual

18,016 389,785 $1.39 $108.10 29.00 14.00 9.00 6.00

17,985 437,612 12.27% $1.39 $113.53 5.03% 29.00 14.00 9.00 6.00

16,090 440,738 0.71% $1.43 $131.64 15.95% 29.00 14.00 9.00 6.00

14,572 462,704 4.98% $1.39 $136.99 4.06% 25.00 10.00 9.00 6.00

13,845 407,011 -12.04% $1.40 $143.98 5.11% 24.00 9.00 10.00 5.00

14,384 366,808 -9.88% $1.67 $130.36 -9.46% 24.00 9.00 10.00 5.00

12,561 306,247 -16.51% $1.86 $116.44 -10.68% 17.00 7.00 8.00 2.00

$540,304 $0 $22,500 $200,000 $100,000 $0 $0 $1,093,820 $1,956,624

$609,011 $0 $0 $200,000 $100,000 $150,000 $0 $1,213,140 $2,272,151

$630,300 $0 $0 $200,000 $100,000 $150,000 $0 $1,127,618 $2,207,918

$644,429 $0 $12,363 $200,000 $100,000 $150,000 $0 $910,753 $2,017,545

$568,291 $0 $3,300 $200,000 $100,000 $300,000 $0 $836,858 $2,008,449

$614,181 $0 $1,396 $200,000 $100,000 $450,000 $0 $690,941 $2,056,518

$570,135 $0 $24 $200,000 $100,000 $450,000 $146,050 $45,829 $1,512,038

$1,647,470 $100,000 $200,000 $1,947,470 $9,154

$1,741,902 $100,000 $200,000 $2,041,902 $230,249

$1,818,096 $100,000 $200,000 $2,118,096 $89,822

$1,696,186 $100,000 $200,000 $1,996,186 $21,359

$1,693,427 $100,000 $200,000 $1,993,427 $15,022

$1,575,142 $100,000 $200,000 $1,875,142 $181,376

$1,162,657 $100,000 $200,000 $1,462,657 $49,381

$362,165 $150,000 $32,627 $22,500 $0 $9,277 $10,000 $0 $8,357 $0 $594,926

$435,049 $150,000 $29,989 $22,500 $0 $49,900 $0 $0 $11,421 $0 $698,859

$488,943 $150,000 $11,387 $0 $0 $20,938 $0 $0 $7,023 $0 $678,291

$596,986 $150,000 $0 $0 $17,424 $38,105 $89,820 $0 $1,857 $0 $894,192

$503,475 $150,000 $0 $0 $23,577 $17,513 ($12,967) $28,451 $30,156 $0 $740,205

$455,981 $150,000 $0 $0 $2,000 $13,386 $0 $13,451 $11,159 $0 $645,977

$431,330 $100,000 $0 $0 $900 $14,750 $0 $13,451 $2,241 $0 $562,672

$44,612 $369,000 $22,500 $42,185 $15,067 $1,078,753 $1,572,117 ($977,191)

$0 $370,579 $22,500 $137,127 $22,997 $1,190,143 $1,743,346 ($1,044,487)

$0 $373,979 $0 $96,598 $27,863 $1,099,755 $1,598,195 ($919,904)

$0 $387,289 $0 $69,071 $25,581 $885,172 $1,367,113 ($472,921)

$0 $406,403 $0 $81,683 $24,421 $812,437 $1,324,944 ($584,739)

$0 $405,446 $0 $43,612 $3,648 $687,293 $1,139,999 ($494,022)

$0 $398,838 $0 $45,448 $6,762 $39,067 $490,115 $72,557

($977,191) $885,171 $0 $0 ($92,020) $4,616,901 $4,524,881

($1,044,487) ($221,788) $0 $0 ($1,266,275) $4,524,881 $3,258,606

($919,904) ($576,397) $0 $0 ($1,496,301) $3,258,606 $1,762,305

($472,921) ($41,691) $0 $0 ($514,612) $1,762,305 $1,247,693

($584,739) $0 ($25,458) $0 ($610,197) $1,247,693 $637,496

($494,022) ($20,914) $7,193 $0 ($507,743) $637,496 $129,753

$72,557 $0 ($99,453) $0 ($26,896) $129,753 $102,857

$1,448,576 $2,425,767 ($977,191)

$1,527,621 $2,572,108 ($1,044,487)

$1,668,769 $2,588,673 ($919,904)

$1,979,625 $2,452,546 ($472,921)

$1,896,774 $2,481,513 ($584,739)

$1,830,178 $2,324,200 ($494,022)

$1,979,500 $1,906,943 $72,557

Tampa Historic Streetcar Twenty Year Business Plan - Detail FY 2006 to FY 2034

Sect# Row# A 1 2 3 4 5 6 7 7a 7b 7c B 1 2 3 4 5 6 7 8 9 C 1 2 3 4 5 D 1 2 3 4 5 6 7 8 9 10 11 E 1 2 3 4 5 6 7 8 F 1 2 3 4 5 6 7 G 1 2 3 Section Description Line Description Statistics & Rates Revenue Hours Ridership Percent change in ridership Average Fare per Rider HART Expenses per Revenue Hour % change in HART Expenses per Vehicle Hours Total Positions Motorman Positions Maintenance Positions Support Positions HART Revenues Farebox Farebox Exchange Other/Special Events/Loss of Use Fed Sec 5307 State Block CRA Funding - Current Year CRA Funding - from Prior Year ($157,445) THS Contribution Total HART Revenue HART Expenses HART Phase I & II Charged State Block Grant Cap Maint. Charged Fed. Grant Total HART Expenses HART Excess (Deficit) THS Revenues SSD Existing Non-Homestead Port Authority Contribution Int. Ads, Merch, Spec. Svc Vigo - Breezer Car Sponsor Car Leasing Advertising Sales Reimbursement of Prior Yr Exp Contributions from Deferred Revenue Interest On Operating Account (To) From Fund Balance Total THS Revenue THS Expenses Marketing (Rev Dev) Program CSX Interlock Insurance Breezer Car Maint. Board Expenses HART Extra Service HART Base Service Total THS Expenses THS Excess (Deficit) Fund & Endowment Balance Transfers In (Out) from THS Excess(Deficit) Loss on Value of Endowment Adjustment Required Subsidy from Alternate Source Net Adjustment to Endowment Endowment Principal - Beg Bal Endowment Principal - End Bal Total Annual Operating Activity Total Operating Revenue Total Operating Expense Net Excess (Deficit) 2013 Budget 2014 Proposed 2015 Projection 2016 Projection 2017 Projection 2018 Projection 2019 Projection

12,332 330,000 7.76% $1.91 $115.40 -0.89% 16.50 6.50 8.00 2.00

12,500 330,000 0.00% $1.75 $119.01 3.12% 17.00 7.00 8.00 2.00

12,500 330,000 0.00% $1.75 $119.39 0.32% 17.00 7.00 8.00 2.00

12,535 333,300 1.00% $1.75 $121.43 1.72% 17.00 7.00 8.00 2.00

12,535 336,633 1.00% $1.75 $123.86 2.00% 17.00 7.00 8.00 2.00

12,535 340,000 1.00% $1.75 $126.34 2.00% 17.00 7.00 8.00 2.00

12,535 343,399 1.00% $1.75 $128.87 2.00% 17.00 7.00 8.00 2.00

$631,181 $0 $0 $200,000 $100,000 $450,000 $41,988 $0 $1,423,169

$577,115 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $137,381 $1,487,633

$577,115 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $142,079 $1,492,331

$582,886 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $166,155 $1,522,178

$588,715 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $190,769 $1,552,621

$594,603 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $215,934 $1,583,674

$600,548 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $241,662 $1,615,347

$1,123,169 $100,000 $200,000 $1,423,169 $0

$1,187,633 $100,000 $200,000 $1,487,633 $0

$1,192,331 $100,000 $200,000 $1,492,331 $0

$1,222,178 $100,000 $200,000 $1,522,178 $0

$1,252,621 $100,000 $200,000 $1,552,621 $0

$1,283,674 $100,000 $200,000 $1,583,674 $0

$1,315,347 $100,000 $200,000 $1,615,347 $0

$448,751 $100,000 $0 $0 $10,000 $16,000 $0 $0 $2,250 ($102,863) $474,138

$459,970 $100,000 $0 $0 $10,000 $16,000 $0 $0 $2,250 $39,244 $627,464

$473,309 $100,000 $0 $0 $10,000 $16,000 $0 $0 $2,250 $45,306 $646,865

$489,713 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $50,557 $666,270

$515,668 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $44,589 $686,257

$523,403 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $57,442 $706,845

$531,254 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $70,797 $728,051

$0 $430,138 $0 $44,000 $0 $0 $474,138 $0

$0 $444,763 $0 $45,320 $0 $137,381 $627,464 $0

$0 $458,106 $0 $46,680 $0 $142,079 $646,865 $0

$0 $471,849 $0 $48,080 $0 $146,341 $666,270 $0

$0 $486,004 $0 $49,522 $0 $150,731 $686,257 $0

$0 $500,584 $0 $51,008 $0 $155,253 $706,845 $0

$0 $515,602 $0 $52,538 $0 $159,911 $728,051 $0

$102,863 $0 $0 $0 $102,863 $102,857 $205,720

($39,244) $0 $0 $0 ($39,244) $205,720 $166,476

($45,306) $0 $0 $0 ($45,306) $166,476 $121,170

($50,557) $0 $0 $0 ($50,557) $121,170 $70,613

($44,589) $0 $0 $0 ($44,589) $70,613 $26,024

($57,442) $0 $0 $0 ($57,442) $26,024 ($31,418)

($70,797) $0 $0 $0 ($70,797) ($31,418) ($102,215)

$1,897,307 $1,897,307 $0

$1,977,716 $1,977,716 $0

$1,997,117 $1,997,117 $0

$2,022,293 $2,042,107 ($19,814)

$2,048,109 $2,088,147 ($40,038)

$2,074,585 $2,135,266 ($60,681)

$2,101,736 $2,183,487 ($81,751)

Tampa Historic Streetcar Twenty Year Business Plan - Detail FY 2006 to FY 2034

Sect# Row# A 1 2 3 4 5 6 7 7a 7b 7c B 1 2 3 4 5 6 7 8 9 C 1 2 3 4 5 D 1 2 3 4 5 6 7 8 9 10 11 E 1 2 3 4 5 6 7 8 F 1 2 3 4 5 6 7 G 1 2 3 Section Description Line Description Statistics & Rates Revenue Hours Ridership Percent change in ridership Average Fare per Rider HART Expenses per Revenue Hour % change in HART Expenses per Vehicle Hours Total Positions Motorman Positions Maintenance Positions Support Positions HART Revenues Farebox Farebox Exchange Other/Special Events/Loss of Use Fed Sec 5307 State Block CRA Funding - Current Year CRA Funding - from Prior Year ($157,445) THS Contribution Total HART Revenue HART Expenses HART Phase I & II Charged State Block Grant Cap Maint. Charged Fed. Grant Total HART Expenses HART Excess (Deficit) THS Revenues SSD Existing Non-Homestead Port Authority Contribution Int. Ads, Merch, Spec. Svc Vigo - Breezer Car Sponsor Car Leasing Advertising Sales Reimbursement of Prior Yr Exp Contributions from Deferred Revenue Interest On Operating Account (To) From Fund Balance Total THS Revenue THS Expenses Marketing (Rev Dev) Program CSX Interlock Insurance Breezer Car Maint. Board Expenses HART Extra Service HART Base Service Total THS Expenses THS Excess (Deficit) Fund & Endowment Balance Transfers In (Out) from THS Excess(Deficit) Loss on Value of Endowment Adjustment Required Subsidy from Alternate Source Net Adjustment to Endowment Endowment Principal - Beg Bal Endowment Principal - End Bal Total Annual Operating Activity Total Operating Revenue Total Operating Expense Net Excess (Deficit) 2020 Projection 2021 Projection 2022 Projection 2023 Projection 2024 Projection 2025 Projection 2026 Projection

12,535 346,833 1.00% $1.75 $131.44 2.00% 17.00 7.00 8.00 2.00

12,535 350,301 1.00% $1.75 $134.07 2.00% 17.00 7.00 8.00 2.00

12,535 353,804 1.00% $1.75 $136.75 2.00% 17.00 7.00 8.00 2.00

12,535 357,342 1.00% $1.75 $139.49 2.00% 17.00 7.00 8.00 2.00

12,535 362,702 1.50% $1.75 $143.67 3.00% 17.00 7.00 8.00 2.00

12,535 368,143 1.50% $1.75 $147.98 3.00% 17.00 7.00 8.00 2.00

12,535 373,665 1.50% $1.75 $152.42 3.00% 17.00 7.00 8.00 2.00

$606,553 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $267,964 $1,647,654

$612,618 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $294,852 $1,680,607

$618,744 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $322,338 $1,714,219

$624,932 $20,000 $3,137 $200,000 $100,000 $450,000 $0 $350,435 $1,748,504

$634,306 $20,000 $0 $200,000 $100,000 $450,000 $0 $396,654 $1,800,959

$643,820 $20,000 $0 $200,000 $100,000 $450,000 $0 $441,168 $1,854,988

$653,477 $20,000 $0 $200,000 $100,000 $450,000 $0 $487,160 $1,910,638

$1,347,654 $100,000 $200,000 $1,647,654 $0

$1,380,607 $100,000 $200,000 $1,680,607 $0

$1,414,219 $100,000 $200,000 $1,714,219 $0

$1,448,504 $100,000 $200,000 $1,748,504 $0

$1,500,959 $100,000 $200,000 $1,800,959 $0

$1,554,988 $100,000 $200,000 $1,854,988 $0

$1,610,638 $100,000 $200,000 $1,910,638 $0

$539,223 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $84,669 $749,892

$547,311 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $99,077 $772,388

$555,521 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $114,038 $795,559

$563,854 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $129,571 $819,425

$572,312 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $145,695 $844,007

$580,896 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $162,431 $869,327

$589,610 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $179,797 $895,407

$0 $531,070 $0 $54,114 $0 $164,708 $749,892 $0

$0 $547,002 $0 $55,737 $0 $169,649 $772,388 $0

$0 $563,412 $0 $57,409 $0 $174,738 $795,559 $0

$0 $580,314 $0 $59,131 $0 $179,980 $819,425 $0

$0 $597,723 $0 $60,905 $0 $185,379 $844,007 $0

$0 $615,655 $0 $62,732 $0 $190,940 $869,327 $0

$0 $634,125 $0 $64,614 $0 $196,668 $895,407 $0

($84,669) $0 $0 $0 ($84,669) ($102,215) ($186,884)

($99,077) $0 $0 $0 ($99,077) ($186,884) ($285,960)

($114,038) $0 $0 $0 ($114,038) ($285,960) ($399,998)

($129,571) $0 $0 $0 ($129,571) ($399,998) ($529,569)

($145,695) $0 $0 $0 ($145,695) ($529,569) ($675,264)

($162,431) $0 $0 $0 ($162,431) ($675,264) ($837,695)

($179,797) $0 $0 $0 ($179,797) ($837,695) ($1,017,492)

$2,129,582 $2,232,838 ($103,256)

$2,158,143 $2,283,346 ($125,203)

$2,187,440 $2,335,040 ($147,600)

$2,217,494 $2,387,949 ($170,455)

$2,248,313 $2,459,587 ($211,275)

$2,283,147 $2,533,375 ($250,228)

$2,318,884 $2,609,377 ($290,492)

Tampa Historic Streetcar Twenty Year Business Plan - Detail FY 2006 to FY 2034

Sect# Row# A 1 2 3 4 5 6 7 7a 7b 7c B 1 2 3 4 5 6 7 8 9 C 1 2 3 4 5 D 1 2 3 4 5 6 7 8 9 10 11 E 1 2 3 4 5 6 7 8 F 1 2 3 4 5 6 7 G 1 2 3 Section Description Line Description Statistics & Rates Revenue Hours Ridership Percent change in ridership Average Fare per Rider HART Expenses per Revenue Hour % change in HART Expenses per Vehicle Hours Total Positions Motorman Positions Maintenance Positions Support Positions HART Revenues Farebox Farebox Exchange Other/Special Events/Loss of Use Fed Sec 5307 State Block CRA Funding - Current Year CRA Funding - from Prior Year ($157,445) THS Contribution Total HART Revenue HART Expenses HART Phase I & II Charged State Block Grant Cap Maint. Charged Fed. Grant Total HART Expenses HART Excess (Deficit) THS Revenues SSD Existing Non-Homestead Port Authority Contribution Int. Ads, Merch, Spec. Svc Vigo - Breezer Car Sponsor Car Leasing Advertising Sales Reimbursement of Prior Yr Exp Contributions from Deferred Revenue Interest On Operating Account (To) From Fund Balance Total THS Revenue THS Expenses Marketing (Rev Dev) Program CSX Interlock Insurance Breezer Car Maint. Board Expenses HART Extra Service HART Base Service Total THS Expenses THS Excess (Deficit) Fund & Endowment Balance Transfers In (Out) from THS Excess(Deficit) Loss on Value of Endowment Adjustment Required Subsidy from Alternate Source Net Adjustment to Endowment Endowment Principal - Beg Bal Endowment Principal - End Bal Total Annual Operating Activity Total Operating Revenue Total Operating Expense Net Excess (Deficit) 2027 Projection 2028 Projection 2029 Projection 2030 Projection 2031 Projection 2032 Projection 2033 Projection

12,535 379,270 1.50% $1.75 $157.00 3.00% 17.00 7.00 8.00 2.00

12,535 384,959 1.50% $1.75 $161.71 3.00% 17.00 7.00 8.00 2.00

12,535 390,733 1.50% $1.75 $166.56 3.00% 17.00 7.00 8.00 2.00

12,535 396,594 1.50% $1.75 $171.55 3.00% 17.00 7.00 8.00 2.00

12,535 402,543 1.50% $1.75 $176.70 3.00% 17.00 7.00 8.00 2.00

12,535 408,581 1.50% $1.75 $182.00 3.00% 17.00 7.00 8.00 2.00

12,535 414,710 1.50% $1.75 $187.46 3.00% 17.00 7.00 8.00 2.00

$663,280 $20,000 $0 $200,000 $100,000 $450,000 $0 $534,677 $1,967,957

$673,229 $20,000 $0 $200,000 $100,000 $450,000 $0 $583,767 $2,026,995

$683,327 $20,000 $0 $200,000 $100,000 $450,000 $0 $634,478 $2,087,805

$693,577 $20,000 $0 $200,000 $100,000 $450,000 $0 $686,862 $2,150,439

$703,981 $20,000 $0 $200,000 $100,000 $450,000 $0 $740,972 $2,214,953

$714,541 $20,000 $0 $200,000 $100,000 $450,000 $0 $796,861 $2,281,401

$725,259 $20,000 $0 $200,000 $100,000 $450,000 $0 $854,585 $2,349,843

$1,667,957 $100,000 $200,000 $1,967,957 $0

$1,726,995 $100,000 $200,000 $2,026,995 $0

$1,787,805 $100,000 $200,000 $2,087,805 $0

$1,850,439 $100,000 $200,000 $2,150,439 $0

$1,914,953 $100,000 $200,000 $2,214,953 $0

$1,981,401 $100,000 $200,000 $2,281,401 $0

$2,049,843 $100,000 $200,000 $2,349,843 $0

$598,454 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $197,815 $922,269

$607,431 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $216,506 $949,937

$616,542 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $235,892 $978,434

$625,790 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $255,997 $1,007,787

$635,177 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $276,844 $1,038,021

$644,705 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $298,457 $1,069,162

$644,705 $100,000 $0 $0 $10,000 $16,000 $0 $0 $0 $330,532 $1,101,237

$0 $653,149 $0 $66,552 $0 $202,568 $922,269 $0

$0 $672,743 $0 $68,549 $0 $208,645 $949,937 $0

$0 $692,925 $0 $70,605 $0 $214,904 $978,434 $0

$0 $713,713 $0 $72,723 $0 $221,351 $1,007,787 $0

$0 $735,124 $0 $74,905 $0 $227,992 $1,038,021 $0

$0 $757,178 $0 $77,152 $0 $234,832 $1,069,162 $0

$0 $779,893 $0 $79,467 $0 $241,877 $1,101,237 $0

($197,815) $0 $0 $0 ($197,815) ($1,017,492) ($1,215,307)

($216,506) $0 $0 $0 ($216,506) ($1,215,307) ($1,431,813)

($235,892) $0 $0 $0 ($235,892) ($1,431,813) ($1,667,705)

($255,997) $0 $0 $0 ($255,997) ($1,667,705) ($1,923,701)

($276,844) $0 $0 $0 ($276,844) ($1,923,701) ($2,200,545)

($298,457) $0 $0 $0 ($298,457) ($2,200,545) ($2,499,002)

($330,532) $0 $0 $0 ($330,532) ($2,499,002) ($2,829,534)

$2,355,549 $2,687,658 ($332,109)

$2,393,166 $2,768,287 ($375,122)

$2,431,761 $2,851,335 ($419,574)

$2,471,364 $2,936,875 ($465,511)

$2,512,002 $3,024,982 ($512,980)

$2,553,703 $3,115,731 ($562,029)

$2,596,496 $3,209,203 ($612,708)

Tampa Historic Streetcar, Inc. Board of Directors Meeting May 15, 2013 COMPLIANCE REPORT City of Tampa Financial Statements for the Five Months Ended March 31, 2013 DISCUSSION Year-to-date, $24,321 has been drawn down from the endowment fund. Combined with other revenue sources identified in the operating budget, $1,180,195 has been received year-to-date in the operating account. For the same period, incurred expenses total $969,510. Net revenue or income over expenses, of $210,685 has been realized through March 31, 2013. RECOMMENDATION Receive and file as an information item.

Prepared by: Lee Huffstutler, City of Tampa Chief Accountant Approved by: Philip R. Hale, Chief Executive Officer

Attachments: I. City of Tampa Letter Dated May 8, 2013 II. Monthly Financial Statements for the five months ended March 31, 2013

5-1

CITY OF TAMP C T PA

Bob Buckhorn, Mayor b M Revenue and Finance e Acc counting

ATTACH HMENT I May 8, 2013 TO: FRO OM: SUBJ JECT: Ta ampa Histori Streetcar, Inc. ic Le Huffstutle Chief Acc ee er, countant March 31, 201 Monthly Financial St M 13 F tatements

ched are the financial sta atements for the six mon ended M nths March 31, 2013, operating and g Attac endow wment funds including a summary. s, Speci assessme receipts are up 1.3% compared t this time l year. Fare box reve ial ent a to last enues are do 12.6%. HART ope own erating expen are dow 2.1%. nses wn

Fare Box Revenue es Spec Assessme cial ents HART Expenses T $ $ $ 2013 298,440 0 400,756 6 596,096 6 $ $ $ 2012 341,3 327 395,8 804 608,7 792 $ Difference $ (4 42,887) 4,952 $ $ (1 12,696) % Change -12.6% 1.3% -2.1%

The endowment began the year with approximate $103,000 and reflects a balanc of a ely ce $79,0 as of Ma 014 arch 31, 2013. With six months earn nings of $47 the APR is approxim 78, mately 1.05% Interest income is ½ of prior yea amounts. %. i ar The Port Authori has not pa its $100,000 contribu P ity aid ution, though it is shown as a receiv h n vable. o eted FDOT opera ating grants s shows no activity for the year. e One of the budge HART/F

306 E. Jackson Street, 8N Tam mpa, Florida 33602 (813) 274-7171 F 3 ) FAX: (813) 27 74-8127

5-2

ATTACHMENT II

TAMPA HISTORIC STREETCAR OPERATIONS

SUMMARY - For the Month Ended March 2013 YTD Budget Variance Year to Date as a % of Year to Date Budget YTD Budget Variance Budget

Current Month Actual

Current Month Budget

Year to Date Actual

Annual Budget

Revenues:

Operating Revenues $ 83,771 $ 118,039 $ 744,476 Local Contributions 62,500 70,833 375,000 Use of Endowment Funds (40,186) (7,656) 24,321 Other 36,398 181,217 1,180,195 Total Revenues 106,085 $ 708,234 $ 425,000 (45,932) 40,988 1,128,291 36,242 (50,000) 70,253 (4,590) 51,904 5.1% $ 1,095,932 -11.8% 850,000 -153.0% (89,613) 40,988 4.6% 1,897,307

Expenses:

Board Expenses Operating Expenses Total Expenses 6,227 153,516 159,743 4,000 154,443 154,443 26,774 $ 41,054 928,456 969,510 210,685 $ 30,500 926,654 957,154 171,137 $ (10,554) (1,803) (12,357) 39,548 -34.6% -0.2% -1.3% $ 44,000 1,853,307 1,897,307 -

Revenues over Expenses $ (53,658) $

5-3

TAMPA HISTORIC STREETCAR ENDOWMENT FUND

STATEMENT OF NET ASSETS

3/31/13

3/31/12

3/31/11

ASSETS INVESTMENTS TOTAL ASSETS LIABILITIES DEFERRED REVENUE NET ASSETS FUND BALANCE

$

79,014 79,014

$

79,203 79,203

$

478,399 478,399

73,069

86,520

99,971

$

5,945

$

(7,317) $

378,428

STATEMENT OF CHANGES IN NET ASSETS 03/31/13

MONTHLY YEAR TO DATE

03/31/12

MONTHLY YEAR TO DATE

03/31/11

YEAR TO DATE

REVENUES CONTRIBUTIONS UNREALIZED GAIN (LOSS) GAIN (LOSS) ON SALE INTEREST DIVIDEND TOTAL REVENUES EXPENSES BANK FEES TRANSFER TO OPERATIONS TOTAL EXPENSES REVENUES LESS EXPENSES BEGINNING NET ASSETS ENDING NET ASSETS

$

41 41

$

478 478

$

118 118

$

1,068 1,068

$

5,468 5,468

(40,186) (40,186) $ 40,227 $

24,321 24,321 (23,843) $ 29,788 5,945

(21,661) (21,661) 21,779 21,779 $

51,618 51,618 (50,550) $ 43,233 (7,317) $

163,896 163,896 (158,428) 536,856 378,428

$

$

$

5-4

TAMPA HISTORIC STREETCAR OPERATIONS

STATEMENT OF NET ASSETS

ASSETS CASH RECEIVABLE PREPAID ITEMS TOTAL ASSETS LIABILITIES PAYABLES UNEARNED INCOME NET ASSETS Net Assets $ $ $ 1,688 50,000 51,688 303,679 $ $ $ 241,936 $ $ $ 5,057 5,057 81,589 $ 3/31/13 110,311 245,056 355,367 $ 3/31/12 241,936 241,936 $ 3/31/11 41,121 45,525 86,646

$

$

$

STATEMENT OF CHANGES IN NET ASSETS

03/31/13 YEAR TO DATE BUDGET ACTUAL 50,000 $ 100,000 225,000 310,591 5,000 8,000 (45,932) 50,000 40,988 384,644 1,128,291 100,000 225,000 298,440 1,125 44,155 24,321 50,000 36,398 400,756 1,180,195 $ 3/31/12 YEAR TO DATE ACTUAL 50,000 100,000 225,000 341,327 3,600 51,618 100,000 395,804 1,267,349 3/31/11 YEAR TO DATE ACTUAL $ 50,000 100,000 225,000 331,118 2,000 7,890 163,896 150,000 433,663 1,463,567

REVENUES HART-FDOT HART-FTA CRA CONTRIBUTIONS FARE BOX CAR LEASING ADVERTISING ENDOWMENT - CORPUS ENDOWMENT - EARNINGS PORT AUTHORITY INTEREST REIMBURSED P/Y EXPENSE SPECIAL ASSMT TOTAL REVENUES EXPENSES - BOARD LEGAL ACCOUNTING INSURANCE ADVERTISING REV DEVLPMNT/CONSULTANT OTHER TOTAL BOARD EXPENSES EXPENSES - OPERATING INSURANCE/CSX EXTRA SERVICE HART HART-FDOT/FTA TOTAL OPERATING EXPENSES TOTAL EXPENSES REVENUES LESS EXPENSES BEGINNING NET ASSETS ENDING NET ASSETS $ $

MONTHLY ACTUAL $ 16,667 37,500 58,338 10,180 (40,186) 8,333 15,253 106,085

BALANCE

(50,000) $ (12,151) (3,875) 36,155 70,253 (4,590) 16,112 51,904

1,688 708 3,831 6,227

10,000 10,500 6,500 3,000 500 30,500

9,849 8,000 4,954 17,421 830 41,054

151 2,500 1,546 3,000 (17,421) (330) (10,554)

14,675 8,500 7,000 335 30,510

9,915 10,500 6,500 654 579 28,148

32,345 104,504 16,667 153,516 159,743 $

215,069 5,000 556,585 150,000 926,654 957,154 171,137 $

227,966 4,394 596,096 100,000 928,456 969,510 210,685 92,994 $ 303,679 $

(12,897) 606 (39,512) 50,000 (1,803) (12,357) $ (39,548)

232,846 3,265 608,792 150,000 994,903 1,025,413 241,936 $ 241,936 $ $

405,446 2,944 795,440 150,000 1,353,830 1,381,978 81,589 81,589

(53,658) $

5-5

Tampa Historic Streetcar, Inc. Board of Directors Meeting May 15, 2013 COMPLIANCE REPORT THS Marketing Report for April/May 2013 Marketing/Promotions April/May Apr. May May 13 ­ May 15 20-Ride SSD passes 20-Ride SSD pass information Die cut mailed to SSD residents with 20-Ride pass information 20-Ride SSD pass mailer ­ newspaper support Buy one ­ get one free Free ride with movie ticket stub Hotel and Convention delegates free with proper ID New signage on locations to purchase on TVMs Interior cards in Streetcars Includes coupon for redemption of two, one-day fare cards. Redeemable only at sales locations. TBT Free edition, Creative Loafing (Hillsborough Co. only), South/Central Tampa News Downtown Partnership Arts and Entertainment Pass Muvico Ybor 20 ­ window clings, backlit movie poster, flyers Coordination with Convention Center (and area hotels)

May 10, 13-17 & 22

Apr. - Sep. May ­ Sep. May 2013 - Apr. 2014

Distribution of Marketing Material April THS Guides Locations Apts./Homes/Condos Corporate/Businesses Small Businesses Hotels/Motels Office Buildings Total locations visited Social Media Type Twitter Facebook Blogs YouTube Messaging April 2013 370 Followers 2582 Likes 0 Posts 0 Videos Festa Italiana/Tampa Bay Lightning/Take the streetcar to downtown, Channelside and Ybor events. Schedule Books 62 84 98 72 20 336 Laminates 0 0 10 4 0 0 Flyers 0 0 0 0 0 0 Posters 0 0 0 0 0 0 Individual Schedules 62 84 98 72 20 336

*Distribution throughout Hillsborough County, Current values reflect locations visited as of April 2013 not quantities)

Prepared by: Steve Rosenstock, HART Sr. Manager, Marketing and Communications Reviewed by: Jeffrey C. Seward, HART Chief Financial Officer Approved by: Philip R. Hale, HART Chief Executive Officer 5-6

Tampa Historic Streetcar, Inc. Board of Directors Meeting May 15, 2013 COMPLIANCE REPORT Ridership, Fares, Special and Extra Services for April 2013 April 2013 Ridership - Trips Fare Card Ridership Percentage Farebox Revenue Fare Card Sales Reimbursable Rides Total Revenue Current Month Average Fare Year to Date Average Fare 21,162 93% $7,063.67 $33,418.90 $169.83 $40,652.40 $1.92 $1.78 April 2012 25,213 93% $9,575.25 $43,172.18 $83.70 $52,831.13 $2.10 $1.89 Variance (4,051) 0% ($2,511.58) ($9,753.28) $86.13 ($12,178.73) ($.18) ($.11) Percentage -16.06% 0% -26.23% -22.59% 102.90% -23.05% -8.57% -5.82%

The April 2013 revenue was down by $12,178.73 or 23.05% and ridership decreased by 4,051 trips or 16.06% when compared to the same period in 2012.

Prepared by: Ann L. Fresina, Manager of Finance Reviewed by: Jeffrey C. Seward, Chief Financial Officer Approved by: Philip R. Hale, Chief Executive Officer

Attachments: I. II. Revenue and Ridership Charts Ridership by Fare Category

5-7

Attachment I

80,000 75,000 70,000 65,000 60,000 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0

13 Month Revenue Comparison with Trendline

$62,944 $52,831 $41,130 $41,805 $33,329 $34,992 $30,398 $41,013 $36,294 $46,125 $49,580 $40,652

$58,339

May12

Apr12

Jun12

Aug12

Dec12

Jan13

Mar13 32,787 Mar13

Sep12

Nov12

51,000 48,000 45,000 42,000 39,000 36,000 33,000 30,000 27,000 24,000 21,000 18,000 15,000 12,000 9,000 6,000 3,000 0

13 Month Ridership Comparison with Trendline

32,361 25,213 28,220 22,546 23,583 25,466 26,465 22,071 17,328 18,238 19,373

Feb13

21,162

May12

Apr12

Jun12

Jul12

Aug12

Sep12

Oct12

Nov12

Dec12

Jan13

Feb13

The Month of April - Fiscal Year 2003 - 2013

50000 45000 40000 35000 30000 25000 20000 15000 10000 5000 0

41,121

41,116

38,761

37,726

38,390

36,315

35,009

35,094

36,783

25,213

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year to date ridership as of April 2012 (FY 2012) = 202,481 Year to date ridership as of April 2013 (FY 2013) =185,834 Ridership in Fiscal Year 2013 is less 16,647 or 8.22% decrease from FY 2012.

21,162

Apr13

Apr13

Jul12

Oct12

Attachement II Streetcar Ridership by Fare Category April 2013 One Day & One Day Discount Pass Purchased on the Streetcar 341 818 765 1,439 0 0 6 929 1,159 10,539 4,618 469 2 2,034 153 14 276 2 Streetcar Special Assessment Streetcar Promos, 20 Ride Fare Annual Fare Children Card Card Visitor's 3 and After (Revenue (Revenue One Trip Day Fare Midnight, returned to returned to Discount Card Used on THS at point- THS at point- Non-Paying of-sale) Fare Card the Streetcar Patrons of-sale) 276 0 2,034 0 153 14 0 0 288 288 314 314 17 17 350 350

Ridership Type Discount Streetcar Streetcar Local Local Streetcar One Day Local Bus Fare Card 31 Day Bus Fare Card Other Streetcar Totals

Cash Fare Rides 164

One Day Fare Card Used on the Streetcar Purchased Earlier 1,595 7,499

Already a Pass Rider 1,871 2,747

Link + One way Pass Initial Family Purchase on One Day the Pass Streetcar 469 0

One Trip Adult Fare Card 0

31 Day Bus Fare Card Used on the Streetcar

Complimentary Fare Card & Passport Used on the Streetcar

Totals 4,716 11,064 2,799 1,455 153 975 21,162

Streetcar Cash Fare Calculation For April 2013 Calculated Farebox Revenue $205.00 One Day Pass Purchased 341 Calculated Farebox Revenue $852.50 One Day Pass Purchased Calculated Farebox Revenue Total Calculated Farebox Revenue $1,057.50 $0.00 765 $2.50 $1,912.50 818 0 929 $2,117.50 1,159 $5.00 $6.00 $4,090.00 $0.00 $4,942.50 2 $1.75 $3.50 $6,002.50 $3.50 $7,063.50 Full Fares Streetcar Pass Sales Quantity Sold 1 5 2 7 252 38 Purchase Price $200.00 $25.00 $24.95 $23.75 $12.50 $11.75 $4.75 250 46 3,997 $4.75 $5.00 $5.00 $2.37 67 200 605 2,136 307 $2.50 $2.375 $2.50 $2.50 $1.25 Percent of Sales 0.60% 0.37% 0.15% 0.50% 9.43% 1.34% 0.00% 3.55% 0.69% 59.80% 0.00% 0.50% 1.42% 4.53% 15.98% *Discounts are for seniors age 65 or older, youths age 17 or younger, those on Medicare or with disabilities. 1.15%

Total 1 Day Disc. 946 341 36.05% 605 63.95% Total 1 Day Pass Sales 4,815 Purchased on Purchased at Streetcar TVM 818 16.99% 3,997 83.01%

Ridership Type Discount Streetcar Discount Streetcar 1 Way Fare // 1 Day Pass Other Totals

Cash Fare Rides 164

Fare $1.25

Purchase Price $2.50

Fare

Calculated Farebox Revenue

Actual Farebox Revenues Collected

Excess Farebox Revenues Collected

$7,063.67 $6,006.17

$0.17

Pass Type Annual Pass

Total Sales $200.00 $125.00 $49.90 $166.25 $3,150.00 $446.50 $0.00 $1,187.50 $230.00 $19,985.00 $0.00 $167.50 $475.00 $1,512.50 $5,340.00 $383.75

Pass Type

31-Day Unlimited

Streetcar Reimbursable Rides Quantity Total Used Price Reimbursement 153 $1.11 $169.83

Revenue Returned to THS, Inc. April 2013 Farebox Pass Sales Reimbursable Rides $7,063.67 $33,418.90

20-Ride Streetcar Assessment 20-Ride Assessment - Transit store 20-Ride Assessment - Outlets Family Discount Pass - TVM 3-Day Visitor Unlimited - TVM 1 Day Pass Transit Store 1 Day Pass - Outlets 1 Day Pass 1 Day Pass - TVM 1 Day Discount Pass Transit Store 1 Day Discount Pass 1 Day Discount Pass - Outlets 1 Day Discount Pass - TVM One Trip Adult Pass - TVM One Trip Discount Pass - TVM

Total

$169.83

$169.83

Total

$40,652.40

Average Fare Per Passenger Current month Year to date Total trips using passes $1.92 $1.78

93%

Total

$33,418.90

100.00%

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