June 2020 Board Report of Selected Financial & Operating Performance Results PDF
Preview June 2020 Board Report of Selected Financial & Operating Performance Results
Roard Report Selected Financial and Operating Performance Results Tune 2020 Southeastern Pennsylvania Transportation Authority Sout tern Pennsylvania Transportation Authority iS) SEPTA veep 71234 Market Sireet- 10th Flor - Philadephia, PA 19107-3760 Office (15) 580-7588 Date: uly27, 2020 Fou SEPTA Board Members From: Leslie S, Richards Re: Tinancial& Operating Highlights Fiscal Year 2020, |1am pleased to present the Hnancial and Operating Highlights for Hscal Year 2020. OPERATING REVENUE Passenger revenue for Flcal Year 2020 was 25.2% lower than budget and 23.7% below ‘the prlar year. Systern-wide, SEPTA recarded 223.5 millan unlinked passenger trips during the year which is 23.7% below the reported trips in Fiscal Year 2019. Passenger Revenue and passenger trips for the fiscal year were lower than budget due te the COVID-19 pandemic, OPERATING EXPENSES ‘Total operating expenses for Fiscal Year 2020 were 3.49% lower than hudget and 0.6% lower the prior year. Labor and Fringe axpenses far the twelve-month period were 5.5% below budget. With the reccipt of federal CARES Act funding, there was a year-end surplus after subsidies of $268 thousand. SEPTA has recorded twenty-one consecutive yeats of balanced budgets SEPTA LAUNCHES COVID-19 TESTING PROGRAM In June, SEPTA launched a partnership with the Black Doctors COVID-19 Consortium (8DCC} to provide COVID-19 testing for employees. The BDCC is a valuntzer group of local ‘loctors, nurses and other medical professionals thathas been providing free COVID-19 tests to ‘communities in need throughout the COVID-18 pandemic. The partnership with SEPTA allows the BDCC to devote additional resources to testing in communities that SEPIA serves. lasting, ‘which is free for SEPTA employees, is being conducted twice a week at major SEPTA employee hubs, "The BDC has heen instrumental in helping our communities throughout the COVID-13 pandemic," said SEPTA Board Vice Chairman Kenneth &. Lawrence Jr "if we can make this <rtleal testing avallale to aur employees while supporting the Coneortlum’s efforts to expand testingin our communities, thats truly awin-win." Dr. Ala Stanford of the Black Doctors COVID- 29 Consortium added: "This agreement will deliver critical services ta hath SEPTA employees and our communities as we tight the COVID-19 pandemic. Page two ~ tune 2020 SEPT A ANNOUNCES FACE-COVERING REQUIREMENT InJune, SEPTA started requiring all customersto wear a face covering, aspart afte effort tohelp control the spread of COVID-19. The face-covering requirement is consistent with policies put into place by the Commonwealth, the City of Philadeiphta and local businesses. SEPTA employees have been engaging customers to remind them about the requirement. SEPTA Is stressing that the policy does not require customers to purchase masks. Customers can use any lype of cloth material Lhal eovers the moulli and nose, such as a bandana, Face coverings can also be made using items people have in thelr homes, such as an ald shirt. Outreach and education efforts will continue moving forward as more riders return to the system. emacmriay EASTERN PENSSVL¥ ANIA THAS SFORTATION AUTHORITY “Won of Tove Treebs Mouths rough June a is a coer re see) Same me sown [saws] rormvoneecencmnsenue [ORES SOaERE Oy PORE us Sane ee Inca base ‘ee Suen cagen | ts am a a OT ms RT TGR OT Oa ne ‘ ae, vents | seu ion ene “aay | mee ois hs! | ade Ls atte ee See | aon SORT SE TT a] tors orraerns simmers fF mr Sree [rar o_o 322] tanning rt eon) |e 5 Se Ge cee ee ee ee Page 1 SOUTLIASTRRN PENNSYLVANIA TRANSPORTATION ALTHORITY REVENUE FIRTORMANCE nen ea oF 20T9 al Consolidated City Transit 20% |g gaunt Paws gam pox Nie Abo comps fo” Mar 20208 June 200 erp by OV O18 Pander ole ov erp fr uly vermpaee sly be oe ey i Il 2015 Talon era Ju 20:8 ‘SOUTIIEARTERN PENNSYLVANLA TRANSPORTATION AUTHORITY BIDERSHEF PERFORMANCE, Consolidated semame City Transit Regional Rail Not: Above compareane or Hatch 2020 June 200 wee rpated by COVIO-B Pandsr Nts: Above compancons for up wors reac sigh by ora es ay me July 29 "ael mort ru J
The list of books you might like
