Table Of Content

FISCAL YEAR 2023 OPERATING BUDGET PROPOSAL July 1, 2022 through June 30, 2023 & Fiscal Years 2024 – 2028 Financial Projections Table of Contents GFOA 1 Board Members 2 1. Strategic Plan and Organizational Structure 3 SEPTA’s Value Proposition 3 SEPTA Passenger Demographics 11 SEPTA Forward: A Vision for a Stronger Future 12 Key Performance Indicators: Tracking Our Progress 12 Divisional Structure 17 Operating and Staff Departments 18 Corporate Team Organization Chart 19 A Year in Review – SEPTA’S Accomplishments in 2021 20 SEPTA’S Current Goals for 2022 25 SEPTA Regional Rail and Rail Transit Maps 52 2. The Budget Process 54 Budget Proposal Development 54 Fiscal Year Calendar 56 3. FY 2023 Assumptions & Consolidated Budget, & Financial Projections 57 Assumptions 57 FY 2023 Consolidated Budget 59 FY 2024 – FY 2028 Financial Projections 60 4. Financial and Budgetary Policies 61 Financial Planning Policies 61 Revenue Policies 62 Expenditure Policies 63 Description of Existing Debt and Debt Service Policies 63 Statement of Changes in Equity 69 5. Three Year Comparison Fiscal Years 2021-2023 70 Consolidated 70 City Transit Division 71 Victory Division 72 Frontier Division 73 Regional Rail Division 74 6. Service Plan Overview 75 Annual Service Plan Overview 75 Table of Contents 7. Detail of Revenue and Subsidies 76 Ten Year Revenue Trends 76 Summary of Operating Revenue 77 Assumptions 78 Detail of Subsidies 81 Summary of Operating Subsidies 82 Detail of Local Subsidies and Other by County 83 Summary of Local Subsidies by County 84 8. Detail of Expenses 85 Ten Year Expense Trends 85 Summary of Operating Expenses 87 FY 2023 Budget Proposal in 000’s 88 FY 2023 Budget Proposal Allocation by Company in 000’s 89 FY 2022 Budget Expenses in 000’s 90 FY 2021 Actual Expenses in 000’s 91 9. Headcount Authorizations 92 Headcount Designations 92 Fiscal Year 2023 Operating Headcount 93 10. Departmental Summaries 95 Corporate Staff 95 Equity and Inclusion 98 Finance 99 Human Resources 104 Office of General Counsel 107 Office of Inspector General 111 Operations 113 Planning and Strategy 120 System Safety 124 11. Summary of Interdepartmental Expenses 126 Fringe Benefits 126 Non-Departmental Expenses 129 Glossary 131 Glossary of Acronyms 131 Glossary of Terms 135 Return to Table of Contents GFOA The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to SEPTA for its Annual Budget for the fiscal year beginning July 1, 2021. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, financial plan, operations guide, and communications device. This award is valid for a period of one year only, however we believe our current budget continues to conform to program requirements, and we will be submitting it to GFOA to determine its eligibility for another award. Return to Table of Contents 1 | SEPTA FY 2023 Operating Budget Proposal Southeastern Pennsylvania Transportation Authority Board Members Chairman Pasquale T. Deon, Sr. Vice-Chairman Honorable Kenneth Lawrence, Jr. Bucks County Chester County Delaware County Pasquale T. Deon, Sr. Marian D. Moskowitz Daniel R. Muroff, Esquire John F. Cordisco, Esquire Kevin L. Johnson, P.E. Mark H. Dambly Montgomery County City of Philadelphia Robert D. Fox, Esquire Michael A. Carroll, P.E. Honorable Kenneth Lawrence, Jr. Deborah Mahler Governor’s Appointee Obra S. Kernodle, IV Senate Majority House Majority Leader Appointee Leader Appointee Thomas Jay Ellis, Esquire Honorable Martina White Senate Minority H ouse Minority Leader Appointee L eader Appointee William J. Leonard, Esquire Esteban Vera, Jr. SEPTA Officers General Manager/Chief Executive Officer Leslie S. Richards Treasurer Nikolaus Grieshaber General Counsel Gino J. Benedetti, Esquire Controller to the Board Robert Marron Secretary to the Board Carol R. Looby Return to Table of Contents 2 | SEPTA FY 2023 Operating Budget Proposal 1. Strategic Plan and Organizational Structure SEPTA’s Value Proposition Return to Table of Contents 3 | SEPTA FY 2023 Operating Budget Proposal An Economic Engine… Return to Table of Contents 4 | SEPTA FY 2023 Operating Budget Proposal That Shapes Philadelphia… Return to Table of Contents 5 | SEPTA FY 2023 Operating Budget Proposal Creates Jobs Across Pennsylvania… Return to Table of Contents 6 | SEPTA FY 2023 Operating Budget Proposal Adds Value Throughout the Region… Return to Table of Contents 7 | SEPTA FY 2023 Operating Budget Proposal