increases of existing board approved contracts

248 Pages·2016·4.79 MB·English

METROPOLITAN ATLANTA RAPID TRANSIT AUTHORITY

FINANCIAL STATEMENTS

OPERATING AND CAPITAL CONSOLIDATED FINANCIAL STATEMENT

This report reflects a consolidated summary of the Statement of Operating Revenues and Expenses and the Statement of
Capital Sources and Expenditures. This report is unaudited. Please see the following page for details on the referenced
statements.

STATEMENT OF OPERATING REVENUES AND EXPENSES

This report includes all revenue and expenses that are considered operating items per the MARTA ACT. This report does
not include any year-end reclassifications or adjustments that are routine to any year-end close-out. In addition, this report
does not include any possible recommended adjustments from the external auditors; it is unaudited. This report is not
meant to serve as MARTA’s official financial statements. MARTA financial statements are prepared in accordance to
Generally Accepted Accounting Principles. The referenced financial statements will be audited by and independent
accounting firm and will be available in hard copy by December 2016.

STATEMENT OF CAPITAL SOURCES AND EXPENDITURES

This report reflects all sources of funds available to cover capital expenditures for fiscal year 2016. It also details all capital
expenditures, bond debt and related bond costs covered under the sources of funds. This report does not include any
year-end reclassifications or adjustments that are routine to any year-end close-out. In addition, this report does not
include any possible recommended adjustments from the external auditors; it is unaudited. This report is not meant to
serve as MARTA’s official financial statements. MARTA financial statements are prepared in accordance to Generally
Accepted Accounting Principles. The referenced financial statements will be audited by and independent accounting firm
and will be available in hard copy by December 2016.
Metropolitan Atlanta Rapid Transit Authority
Operating and Capital Consolidated Financial Statement
June 30, 2016
(Unaudited)
Operating Revenue $ 465,306,000
Capital Funding 439,114,000
Total Operating Revenue and Capital Funding $ 904,420,000
Operating Expenses $ 425,288,000
Capital Expenditures 315,970,000
Total Operating Expenses and Capital Expenditures $ 741,258,000
Metropolitan Atlanta Rapid Transit Authority
Statement of Operating Revenues and Expenses
June 30, 2016
(Unaudited)
Revenues:
Operating Sales Tax $ 196,482,000
Passenger Revenue 138,246,000
Ad Valorem Tax 23,260,000
Station Parking 3,113,000
Lease Income 18,165,000
Federal Assistance 74,510,000
Other Operating Revenue 11,530,000
Total Operating Revenues $ 465,306,000
Expenses:
Salaries $ 248,611,000
Benefits 125,174,000
Contractual Services 43,548,000
Materials & Supplies 39,135,000
Other Operating Expenses 15,061,000
Casualty & Liability 5,753,000
Other Non-Operating/ Misc 5,186,000
Inventory Adjustments 495,000
Expense Allocated to Capital Projects (57,675,000)
Total Operating Expenses $ 425,288,000
Metropolitan Atlanta Rapid Transit Authority
Statement of Capital Sources and Expenditures
June 30, 2016
(Unaudited)
Capital Sources:
FY16 Beginning Capital Balance $ 96,199,000
Sales Tax 202,054,000
Financing Baseline Program 99,600,000
Investment & Other Income 534,000
Federal Capital Assistance 40,715,000
State Capital Grants 12,000
Total Capital Sources $ 439,114,000
Capital Expenditures:
Capital Programs
Vehicles $ 19,070,000
Facilities & Stations 36,239,000
Maintenance of Way 3,694,000
Systems 84,194,000
Non-Asset 22,071,000
Total Capital Programs $ 165,268,000
Bond Debt and Other Bond Costs $ 150,702,000
Total Expenditures $ 315,970,000
METROPOLITAN ATLANTA RAPID
TRANSIT AUTHORITY

INCREASES OF EXISTING BOARD
APPROVED CONTRACTS

There were six increases of existing contracts during the
2016 Fiscal Year.
INCREASES OF EXISTING BOARD APPROVED CONTRACTS
(JULY 1, 2015 THROUGH JUNE 30, 2016)
SUPPORTING DETAILS
Previous Adjustment New
Payee Sol # Purpose Value Amount Value Justification Dept
In order to maintain uninterrupted elevator and
escalator services pending the award of a new
contract, extending the contract term for twelve (12)
Elevator and Escalator Maintenance months and increasing the contract funding in the
Schindler Elevator Corporation B19655 Services $26,929,666 $5,718,708 $32,648,374 amount of $5,718,708 Operations
Pursuant to the Authority's Board approved initiative
AECOM Technical Services, Inc,., Parson for long range transit services in Clayton, the
Brinkerhoff, Nelson/Nygaard Consulting Planning Department prepared to initiate the Clayton
Associates, Inc., HNTB Corporation, High Capacity Transit Study. Advanced planning for
Haddow & Company, Greystone Clayton's high capacity was not forecasted during
Management Solutions, and Newmark contract execution and thus was not included in the
Grubb Knight Frank P27818 Planning and Technical Services $16,600,000 $5,000,000 $21,600,000 PTA contract award amount executed July 2013. Planning
The Authority originally planned to replace the
contract utilizing a State of GA Contract. The state of
GA contract award was delayed and the Authority
elected to award a contract after a competitive
Lease and Service for Multi-Functional solicitation process. An extension of time and
Canon Business Solutions B22643 Peripherals (MFP) Photocopier $1,177,857 $250,000 $1,427,857 additional funds are required for continued service. Technology
The Agreement is modified in order to maintain
uniterrupted service at Lindbergh Center Station and
Restroom Monitoring and Maintenance to add services at up to two (2) additional rail stations
Public Facilities and Services, Inc. L31944 Services $177,900 $164,624 $342,524 at Decatur and East Point Stations. Operations
In order to maintain the consistent services until a
new Contract is awarded a request for $300,000.00 of
Annual Financial and Single Audits for additional funds to extend the existing Contract to
Cherry, Bekaert & Holland, LLP P26298 Fiscal Years 2012 through 2016 $1,055,500 $300,000 $1,355,500 June 24, 2018 is required. Audit
With no option year remaining additional funding of
$900,000 and a 12 month extension of the Contract
term are required to continue the Contract without a
Cintas Corporation and Enterprise lapse in services until a replacement Contract is
Uniforms II, Inc. B22231 Authority-wide Uniforms $3,771,250 $187,500 $3,958,750 awarded. Operations