ac transit annual report 1978-1979

8/14/2019 AC Transit Annual Report 1978-1979

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ALAMEDA-CONTRA COSTA TRANSIT DISTRICTANNUAL REPORT 1978-79


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BOARD OF DIRECTORS

William E. BerkPresident

Jean A. Holmes

Roy NakadegawaVice Presiden t

John l . McDonnell

William J. Bettencourt Michael H. Fajans

Ray Rinehart


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SUMMING UPDuring Fiscal 1978-79 , AC Transit accomplished a smoothtransition in top leadership, laid a firm foundation for future

o p e r a t i o ~ s , increased and modernized the bus fleet,expande cooperative activities with other Bay Areapropertie in the areas of jOint procurement and regionalpromotion of public transit patronage , and responded quicklyand positively to external events which placed unusuallyheavy demands on both equipment and personnel. Inaddition , efforts to improve day-to-day operations yieldedimportant breakthroughs - particularly the opening of anexclusive , buses-only access to the Bay Bridge to speedearly-morning transbay commute service .

Key events of the year included: AppOintment by the Board of Directors of Robert E. Nisbetas General Manager. Extens ion of service into western Contra Costa County . Achievement by Distr ict drivers of the highest monthlysafety average in the System 's history. Delivery of new 60-foot art iculated coaches (ordered in1975) and training of drivers in operating these new models ,employed on heavily-patronized lines . Emergency institution of transbay shuttle service tohandle thousands of extra passengers displaced by suddenshut-down of BART train service following a tunnel fire . Swearing-in of four incumbent Directors returned to officeby voters and appOintment of Director Michael H. Fajans to filla Board vacancy. Endorsement of state guidelines assuring availability ofdiesel fuel for transit operations during any shortfallsituations . Completion of AC Transit Five Year Plan - Fiscal Years1980-1984 and its presentation at three public meetings. Completion of an on-board passenger profile surveybased on information from 43 ,00 0 bus riders. Decision to purchase 175 " new look" buses withwheelcha ir l ifts for anticipated delivery in mid-1980 .

RIDERSHIPA shortage of gasoline coupled with rising prices, and aninterruption of BART transbay train service , prompted manyresidents of the District to rethink their workday travel habitsduring the latter part of this fiscal period . And many of themopted to take the bus .Patronage on the transbay bus lines - operated betweenthe Transbay Transit Terminal in San Francisco and dozensof East Bay neighborhoods - soared at record ratesfollowing a fire which put BART's transbay tube out of

commission from mid-January to early-April.In February , nearly 1.3 million people made the transbaytrip by AC Transit bus - a 29 percent increase over ridershipone year earlier . During this same period , AC Transitsupervised an efficient " shuttle" to bridge the gap in trainservice, carrying addit ional tens of thousands between SanFrancisco and the East Bay.For the remainder of the fiscal period , transbay ridershipand patronage on many East Bay urban and suburban buslines remained h igh - as the price of gasoline soared and itsavailability became spotty.

On newer bus services introduced in suburbancommunities in the 1970s, monthly increases ranged as highas 50 to 60 percent above passenger counts one year earlier .3

On BART Express bus extension service , operated by thDistrict under contract, ridership was up by 68 percent forfiscal period , compared to the previous year. Patronage waup by similar levels in Moraga/ Orinda and in new serviceinaugurated in 1977 in Pittsburg , Antioch and Brentwood ,eastern Contra Costa County . In the urban East Bay, theincrease averaged about 18 percent above Fiscal Year1977-78 levels .At year 's end , Directors authorized the seeking of bids toprovide about 175 new buses - an addition to the fleetexpected to be delivered in mid-1980 . Cap ital funds avai lafor this purchase amount to $22 .3 million.The number of one-way route miles increased from 2191to 221 0 miles at the end of this fiscal period .AC Transit operated a total of 201 peak-hour routes , abo75 percent of them adjusted to make transfer connectionswith train service at BART stations throughout the East BaAn additional 31 passenger shelters were installed dur inthe year , br inging the total of convenient enclosures in plafor bus riders to 243 shelters . And an addit ional 174

passenger stops were created , br inging the total number obus stop signs maintained throughout the District to 7,350

MI LLIONS OF PEOPLE

r-.=J,=I .- 1=- 1.;::===

r 'T=IiI!II

1970 197 1 1972 1973 1974 1975 1976 1977 1978 197!' "-Ie


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BETTER SERVICESeveral service improvements were implemented this year,including : employment of new 60-foot , 69-passengerarticulated buses on heavily-patronized lines; up-dating of

buses in the f ixed-route fleet operated in suburban service inDistrict 2 - Fremont and Newark; a reduction in headwayson lines in Moraga and Orinda; and introduction of main-lineservice , coordinated with locally-operated feeder service inthe Crockett-Rodeo area of western Contra Costa County .

Installation of new telephone equipment in the InformationCenter in mid-year increased the capacity of the system andgreatly speeded handl ing of the public's transit inquiries. Thisimprovement was in place when , due to the gasoline shortageof 1979 and BART's difficulties during this year, the Centerwas deluged with calls from thousands of commuters new tomass trans it. Duri ng most of 197 9 , Information Center clerkswere answering about 5 ,00 0 inqu iries a day.

Additionally, the District printed and distributed 2,769 ,00 0pocket timetables fo r the benefit of new and regu lar busriders .

SAFETYThe Distric t' s 1 400 bus dr ivers registered a total of morethan 30 million miles on the road , and in the process eachDivision met the monthly safety " bogey" 44 out of the 48possible occasions .This safety " bogey" is an average of13 ,250 miles per cha rgeable accident. Newark Divisionexceeded that average by comfortable margins in 12 out ofthe 12 months . Richmond and Seminary Divisions betteredthe mark 11 out of t he 1 2 months; Emeryville Div isionexceeded the goal ten of the 12 months .In th e month of August , drivers achieved a system-wideaverage of 20 ,889 miles per chargeable accident - thehighest monthly average in AC Trans it history .While frequency of passenger accidents did increaseminimall y during the fiscal per iod (from 5 .15 to 5.4 mishapsper 1,000 ,000 riders ), the freq uency of traffic accidents permiles dr iven dropped more than five percent (5 .08 comparedto 5 .38 acc idents per 100 ,000 miles) from the statisticsregiste red in the previous fiscal period .And during FY 1978 -79 two more names were added to the

roster of 25-year Safe Driving Award winners - Bus DriversMike Rallis and Stephen Stathis - br ing ing the total numberof drivers who have covered more than a millionacc ident- free miles to 27.ln all , a total of 96 4 safety awardswere earned by drivers thi s year .

CLAIMSPaid losses were $680 ,128 for the yea r compared to$425 ,017 in the prior year , an increase reflect ing settlementsthat include cases from prior years . Recove ries for damage toequipment amounted to $89 ,845 compared with $75 ,67 5 lastyear . Paid losses under the District 's self- insured Workers 'Compensation program was $ 1,02 3 ,86 0 compared to$977 ,750 the previous fiscal period , with recovery up from$3 9,336 (FY 1977-7 8) to $6 6, 17 9 this fis c al year .4

1211109R

System Expenditures Per MileFiscal year ending June 30

f\PASSENGER ACCIDENTS PER1,00,000 PASSENGERS CARRIED

'- ,

CENTS ", ,.

"

--

t=a -[11. ,-19701971197


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MILLIONS OF DOLLARSr---

l.-

"R.,,*


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PLANNINGIn September , the District undertook a systemwide surveyto develop a statistical profile of AC Transit riders .Approximately 43 ,00 0 bus riders participated in the surveyon board buses in a total of 1,55 3 trips - representing about10 percent of daily scheduled trips . Statistical informationgathered in the six-week survey - comprising a 250-pagecomputer print-out - will be used in planning futureimprovements . Survey results describe in statistical termsthe kinds of trips passengers make , methods of fare paymentand fare levels, an d some socio-economic characteristics ofriders on a bus-line-by-line basis .In this fiscal year, the District continued development andrefinement of a long-range Five Year Plan which projects avariety of adjustments to current operations and also somenew services. While a number of variables - includingfunding uncertainties , ridership changes , and availability ofmanpower an d equipment - will affect final decisions , theprojections include : establishment of a downtown Oakland" shutt le" circulator service; a major increase in local servicein central Contra Costa County ; extension of bus service toconnect between Hayward and Union City / Fremont ; and

adjustments of some existing bu s lines to reflect changespatronage .

THE FUTUREFor the first time in two decades, the basic local adult bu

fare in the urban East Bay and Fremont/Newark wa s chang- from 25 cents to 35 . This step, along with adjustments inIntercity Express and Transbay bus fares , was taken at thebeginning of this fiscal year to help offset financial problemresulting from rising costs and decreasing availability ofsources of revenue .

The fiscal-year began just after California voters passedProposition 13 - the Jarvis-Gann Property Tax Initiative -which dramatically changed AC Transit's f inancial prospecby eliminating local property tax support for transitoperations.

Faced with a new and radically different financial realityDistrict Directors and regional and state officials movedquickly to ensure that transit service would continue throuthe entire fiscal year. But at year 's en d , f inancial prospectsremained uncertain fo r the future of AC Transit.

AWARD-WINNING PERFORMANCE -Maintenance Manager Richard H. Bertzhangs the District's 17th consecutive FleetOwner Maintenance Efficiency Award. Thishonor is earned annually by transit properties whose records of bus maintenancemeet standards based on equipmentlongevity, total miles per year in use, andcost of repairs.

INAUGURATION DAY PARADECrockett's high school band led the way asbus service came to western Contra CostaCounty in September. An AC transit bus wasthe second parade unit, introducing a newroute which connects Crockett, Rodeo, Hercules and Pinole "'{ith the extensive networkof existing East Say bus service. With theaddition of this new route - an extension ofLine 78-EI Cerrito-Richmond - the areaserved by the District expanded to about620 square miles of Alameda and ContraCosta counties .

ROADEO WINNER - Driver William Gamleseen here taking the written quiz in thyear's Bus Roadeo, edged out tough competition to take top honors in the Districannual driving test. Roadeo contes tants ajudged on their skills in accelerating , braing and turning a bus (in forward areverse) through a 12-station course, whmaneuvering the ten-ton vehicles to ' withfractions of an inch of course markers.

BIG BEND - New 60-foot articulated buses went into service onheavily-patronized lines during the year . District drivers spentmuch of the period learning to handle the MAN. (MaschinenfabrikAugsburg Nurnberg) buses , which bend in the middle to betternegotiate highways and byways. The big buses seat 69 riders incomfortable, fabric-covered seats. The interiors are climate-controlled, with both heating and air conditioning to ensure riders'comfort year-round. Thirty of the new coaches are in service onlocal trunk lines and transbay routes throughout the urban EastBay.6

BUS BYPASS - A new exclusive "buses-only" access to the SFrancisco-Oakland Bay Bridge greatly speeded morning commutrips. The new access route was implemented by AC Transit aCALTRANS (state Department of Transportation) in January onemergency basis after a fire interrupted BART transbay train sevice. Now permanent, this new arrangement routes most mornibus trips via City streets to an on-ramp feeding directly through tfar right toll booth onto the span. Thus, San Francisco-boubuses avoid congested freeway approaches, thereby makitransbay trips ten to twenty (Tlinutes shorter.


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MANAGEMENT

Robert E. NisbetGeneral Manager

Richard H. BertzMaintenance Manager

John A. KrajcarPurchases and Stores

Manager

Stanley O. PearceSuperintendent of Safety

and Training

Lawrence A. RosenbergAssistant General Manager

for Administration andDistrict Secretary

Gregory L. FordAdministrative Projects

Manager

Lawrence S. KurzTreasu rer-Controller

Warren E. RobinsonTransportation Engineer

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Robert J. ShamoonAssistant General Manager

for Operations

Ozro D. GouldClaims Manager

J. Dale GoodmanTransportation Manager

Donald S. LarsonManager Research

and Planning

John W. Rose, Jr.Affirmative Action

Coordinator

Billy S. LylePersonnel Manager


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ALAMEDA-CONTRA COSTA TRANSIT DISTRICTCOMBINED BA LAN CE SHEET (NOTE A)June 30 , 1979

ASSETSCurrent assets:

Cash :On hand and in commercial accountsTime depositsShort-term investments , at amortized cost (approximates market)Receivab les :Federal operating ass istance (Note C)Federal capital grants (Note D)

Property tax proceeds, charter service and otherMaterials and supplies, at costPrepaid expensesTotal current assets

Property, plant and equ ipment, at cos t (Note D):LandBuildings, structures and improvementsRevenue eq uipmentShop, office and other equipment and service vehiclesAcquisitions in progressLess accumulated depreciation

Total property, plant and equipment

LIABILITIES AND CAPITALCurrent liabilities:Accounts payableSalaries, wages and vacations (Note A)Accrued pension costs (Note A)

Other accrued liabilitiesAdvances under capital grants (Note A) :State toll bridge fundsLocal transportation fundsSelf-insurance reserves (Note A) :Pu blic liability and property damageWorkers ' compensationAmount due within one year on general obligation bonds

Total current liabili tiesGeneral obligation bonds, due ser ially to 1980 , interestat 1% and 3.25%, less amounts due within one yearCapital (Notes A, F and H) :

Distr ic t equityContributed capital:Federal grantsLocal transportation fundsState toll bridge funds

Total capital

See accompanying no tes

$ 120 ,661

8

22 ,200 ,00 022 ,981 ,906

2,270 ,33 91,444 ,07 61,703 ,292761 ,30 8215 ,58 951 ,69 7 ,171

2,239 ,60 01,579,53735,428,95 44,187 ,97 31,80 6 ,82145 ,242 ,88 521,446 ,94 023,795 ,94 5

$75 ,493 ,116

$ 2,08 3 ,83 93 ,527 ,80 418 ,372 ,747672,0072,09 3 ,3311,19 9 ,66 9

570 ,00 01,460,00 01,150,00 0

31 ,12 9,39 71,400,00 0

25 ,901 ,84 214 ,675 ,55287 8 ,5691,507 ,75642 ,96 3 ,71 9

$75 ,493 ,11 6

ALAMEDA-CONTRA COSTA TRANSITDISTRICT NOTES TO COMBINEDFINANCIAL STATEMENTSJune 30, 1979A. Summary of accounting policiesBasis of presentationThe accompanying financial statementsinclude the combined financial position, resulof operations and changes in financial positiof Alameda-Contra Costa Transit District ,Special Transit Service Districts No. 1 and No2 and other areas in which the District hascontracted to provide transit service .The District has contracted to providetransit service for the Bay Area Rapid TransitDistrict and several cities and other areas inContra Costa County. The allocated cost ofproviding such service , less related operatingrevenue is funded from local transportationfunds , federal and state operating assistanceand, for BAR.T.D .express service , by directreimbursement which is recorded as contractservice revenue.Property, plant and equipment

Property, plant and equipment isdepreciated on the straight - line method overthe estimated useful lives of the assets whichare as follows :Buildings, structures andimprovementsRevenue equipment 10-35 yea15 yeaShop, office and other equipmentand service vehicles 5-20 yeaSelf-insurance reservesThe District is self-insured for public liabi land property damage up to $75 ,00 0 andworkers ' compensation claims up to $1 00 ,00for anyone occurrence . Claims in excess of

these amounts are insured with commercialcarriers . It is the District 's policy to provide , ineach period, reserves to cover the estimatedcharges for the self-insured portion of theseclaims.PensionsThe District has a noncontributory pensionplan covering all union employees and providsimilar retirement benefits for nonunionemployees . The pension contributions(provisions in the financial statements) arebased on percentages of gross payrolldetermined annually by the Board of DirectorThe District has adopted a contributionprogram which provides for normal cost of theplans plus amortization of prior service costover a period of forty years . The total pensioncontribution for the year ended June 30 , 197was $5 ,583,000 plus an allocation of interesearned on District investments in the amount$1 ,446 ,000 .The excess of pr ior service cost of the plaove r balance sheet pension accruals atJanua ry 1, 1979 , the date of the most recentactuarial valuations , was approximately$42 ,000,000 and the excess of the actuarialcomputed value of vested benefits overbalance sheet pension accruals wasapproximately $23,000 ,00 0 .

The District is eligible to receive an annuaapportionment of local transportation funds(Note B) only if it continues to implement a plapproved by the Metropolitan TransportationCommission ,which will fully fund the plansover a forty-year period .Vacat ion pay

Effective July 1, 1978 , the District adopte


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the policy of accruing vacation pay as earnedby its employees. Previously, vacation pay wascharged to expense when paid.The new policywas adopted to more accurately reflectemployment costs and liabilities. The effect ofthe change for the year ended June 30 , 1979was to increase expenses by $419 ,000. Thecumulative effect of the change on prior years(to June 30 , 1978) has been included in thestatement of revenues and expenses for theyear ended June 30 , 1979 in the amount of$2 ,408,044.

Contributed capitalThe District periodically receives federalgrants from the Urban Mass Transportation

Administration of the U.S. Department ofTransportation and state toll bridge revenuesand local transportation funds (Notes B, D andE) for the acquisition of buses and otherequipment and improvements . Capital grantfunds earned, less the related portion ofdepreciation on the assets , are credited tocontributed capital. Advances received oncapital grants are recorded as liabilities untilthe funds are expended for capital acquisitions .

Changes in contributed capital for the yearended June 30,1979 are as follows:

ALAMEDA-CONTRA COSTA TRANSIT DISTRICTCOMBINED STATEMENT OF REVENUES,EXPENSES AND CAPITAL (NOTE A)Year ended June 30 , 1979

Revenues:Fare boxContract serviceOther operating revenuesProperty taxes for operationsLocal transportation funds for operations (Note B)Federal operating assistance (Note C)State operating assistanceInterest , less amounts allocated to accruedpension costs (Note A)

Expenses:Operators wagesOther wagesFringe benefitsServicesFuel and oilOther materials and suppliesInsurance

$21 ,35 0 ,3 ,299782,7,57218,834,11,821,2,96 3 ,1,672,

68,296,25 ,306,9,607 ,16,891 ,1,269 ,3,212,2,801,

1,012 ,Local State Leases and rentalsOther expenses 482,63 8,

60,ederal transporta- toll bridge Interest and fees on bonded debtgrants tion funds funds 61 ,284,Balances, June 301978 $ 9,974 ,88 2 $946 ,53 2 $ 163,954 Excess of revenues over expenses before depreciationand cumulative effect of change in accounting principleDepreciation1979 transactions :Capital grant 7,012,1,876,funds earned 5,791 ,75 8 5,684 1,401,838 Excess of revenues over expenses before cumulativeeffect of change in accounting principleepreciationchargesincluded inexpenses ,tra nsferredfrom Districtequity (1,091 ,088) (73 ,647)

Balances June 30 ,(58 ,036)

Cumulative effect on prior years (to June 30, 1978)of change in method of accounting for vacationexpense (Note A)Excess of revenues over expensesCapital (Notes A, F and H) :

Balance at beginning of year

5,135,

2,408,2,727,

1979 $14,675 ,552 $878 ,569 $1 ,507,756 Property taxes applied to redemption ofbond principal31,894 ,

1,141,B. Local transportation fundsPursuant to the TransportationDevelopment Act of 1971 , the District hasreceived an apportionment of localtransportation funds generated within Alamedaand Contra Costa Counties to meet, in part, itsoperating and capital requirements. The fundsare apportioned based on an annual claim filedby the District and approved by theMetropolitan Transportation Commission .C. Federal operating assistanceThe District was allocated a total of up to$11 ,82 9 ,137 of federal operating assistancefor the year ending June 30 , 1979 pursuant toSection 5 of the Urban Mass TransportationAct of 1974 , of which $9,550,865 has beenreceived and $2 ,270,339 has been accrued asreceivable at June 30, 1979. This estimatedreimbursement for eligible operating expensesduring the year is subject to final audit by theMetropolitan Transportation Commission andthe Urban Mass Transportation Administration.Federal operating assistance funds areapportioned to the local urbanized area and aredistributed to individual transit operators by theMetropolitan Transportation Commission afterapproval by the Urban Mass TransportationAdministration .D. Federal capital grantsAt June 30 , 1979, buses and otherequipment with a cost of $26 ,514 ,00 0 hadbeen purchased under federal grant contracts .Under the terms of the grants , proceeds fromequipment sold during its useful life in

Capital grant funds for aquisition of assets:Federal grants (Note D)State toll bridge funds (Note E)Local transportation funds (Note B)5,791 ,1,401 ,

5,Balance at end of year

See accompanying notes,

proportion to the related federal capital grantfunds are refundable to the federal governmentunless reinvested in like equipment.The District has eight grant contracts inprocess with the Urban Mass TransportationAdministration which provide federal funds forthe acquisition of buses and other equipmentand improvements. Budgeted capital additionsapplicable to the grant projects are$51 ,609,192 . The related federal participationis $39 ,564,378 of which $17,976,570 hadbeen earned at June 30 , 1979 . At June 30 ,1979, the District has committed to purchaseequipment at a cost of approximately$4 ,60 0 ,000 in connection with these projects.E. State toll bridge funds

Under the provisions of the CaliforniaStreets and Highways Code, the District hasreceived an allocation of state transportationfunds generated from toll bridge net revenuesof the San Francisco Bay Bridges to meetcertain of its capital requirements. The fundsare apportioned based on claims approved bythe Metropolitan Transportation Commission.

9

$42 ,963,

F. District reservesDuring the year ended June 30,1979,

Board of Directors authorized the approprof portions of available funds for thereplacement of facilities and equipment another future expenditures. The amountsavailable and appropriated at June 30,19are presented below.

Available funds:CashShort-term investmentsReceivablesLess current liabilities

Appropriated as follows:Restricted FundFacilities and Equipment

Replacement FundWorking capital

$22,32022,985,4150,7231,12$19,59

$ 6,503,109,99

$19,590The Restricted Fund is to be used to munusual or otherwise necessary expenditu


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for repair, improvements to or replacement ofessential elements of the District's facilities orfor operating requirements . The Facilities andEquipment Replacement Fund was establishedfor the purpose of meeting the District 'scontractual and related responsibilities as arecip ient of federal , state and regional capitalgrants .G. LitigationIn September, 1979, the District received apreliminary adverse ruli ng in a class actionlawsuit before a U. S. District Court whichalleged discrimination in certain of its hiring,training and promotional practices between1972 and 1976. The ruling could result inpayment by the District of back paydifferentials and plantiffs ' legal fees, theamounts of which are not stated or presentlydeterminable. The District has not determinedwhether it will contest or appeal the decision Itis not possible at this time to estimate theultimate outcome of this litigation. However , theDistrict has restricted reserves (Note F) tocover such contingencies . No provision for anyliability that may result has been made in thefinancial statements .

The District is involved in various otherclaims and litigation arising in the ordinarycourse of business . None of these is expectedto have a significant effect on its operations orfinancial condition .H. Special transit service districts andcontract service areasRevenue, expense and cap ital for SpecialTransit Service Districts No. 1 and No. 2 andcontract service areas for the year ended June30, 1979 are summarized below.CombineddepreCiation on all District revenue equipmentand maintenance facilities is allocated to therespective Transit Service Districts andcontract service areas based on mileage.Ind irect operating expenses are allocatedbased on direct costs .The operating lossappl icable to the BAR.T.D . Contract Service($186 ,684) is equivalent to the depreciationcharge on buses used in providing tha t service .

ALAMEDA-CONTRA COSTA TRANSIT DISTRICTCOMBINED STATEMENT OF CHANGESIN FINANCIAL POSITION (NOTE A)Year ended June 30 , 1979

Sources of working capital:Operations :Excess of revenues over expenses before depreciationand cumulative effect of c hange in accounting princi pleCumulative effect on pr ior years of change inmethod of accounting for vacation expense

Total from operationsProperty taxes applied to redemption of bond princ ipalCapital grant funds for acqu isition of assets

Application of working capital:Current installments due on bonded debtAcquisition of property, plant and equipmentIncrease in working capitalChanges in the components of working capital :Current assets :

CashShort- term investmentsReceivablesMaterials and suppliesPrepaid expenses

Current liabilities:Accounts payable and accrued liab il itiesAccrued pension costsAdvances under grantsSelf-insurance reservesAmount due within one ye ar on general

obligation bondsIncrease in working capital

See accompanying notes.Special transitservice districts Contract service areas

B.A.R.T.D . City of City of City of Eastern Contra Western ConComb ined District No. 1 District No. 2 Express Concord Pleasant Hill Moraga Costa County Costa CounRevenues:F res, charter and other $22.132,645 $20,977 ,504 349,354 $ 549,633 $ 141,142 21,972 47 ,235 45.118 687

Contract se rvice 3.299,325 3,299,325Proper ty taxes for operations 7,572.537 6,842.197 730,340Local transportation funds 18 ,834,826 15,282,271 1,310 ,612 1.085.485 199,914 464 ,697 334,831 157,016Federal operating assistance 11 ,821,204 10,215,148 1,267,079 338,977State opera ting assistance 2,963.175 2,813,080 150,095Interest 1,672,896 1.433.462 239.434

68,296 ,608 57.563,662 4,046,914 3,848,958 1226,627 221,886 511 ,932 718 ,926 157)03Expenses (a llocated) including

depreciation 63,160)03 52,831 ,723 3,697 ,691 3,901,321 1,178,925 212)12 494 ,558 691 ,848 151 ,925Excess of revenues over expensesbefore cumulative effect of

change in accounting principle 5,135,905 4)31 ,939 349,223 (52,363) 47)02 9,174 17 ,374 27,078 5)78Cumulative effect on prior yearsof change in method of accountingfor vacation expense 2.408,044 2,023 ,400 143,217 134,321 47}02 9,174 17,374 27,078 5.178Excess of revenues over expenses

(expenses over revenues) 2)27,861 2)08,539 206,006 086,684)Capital :Ba lance at beginn ing of year 31,894 ,911 24,317,598 4,607,690 2.470.443 78,281 129,285 262.465 29,1 49Property taxes applied toRedemptio n 01bond principal 1,141 ,667 1.141,667Capital grant funds for acqUsit ion of assetsFederal grant funds 5)91)58 5,816,090 (24,332)Sta te toll bridge funds 1.401 ,838 1.401 ,500 338Local transportat ion funds 5,684 3.420 217 2,047

Balance at end of year $42,963) 19 $35,388,81 4 $4)89)02 $2,283.15 9 78.498 $129,285 $262.465 $ 29,149 2,04710


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ARTHUR YOUNG & COMPANY

The Board o f Dire c to r sAlameda-Contra Costa Trans i t D is t r i c t

1330 BROAD WA YO AK LAN D, CAL I F O RN IA 94612

We have examined the accompanying combined balanceshe e t of Alameda-Contra Costa Trans i t D is t r i c t a t June 30, 1979and the r e la ted c o m b i n e ~ s ta tements of revenues , expenses andc a p i t a l an d changes in f inanc ia l pos i t ion fo r the year thenended. Ou r examination wa s made in accordance with generallyaccepted audi t ing s tandards and, accordingly , inc luded sucht e s t s of the accounting records and such other audi t ing proce-dures as we cons idered necessary in the c i rcumstances .

As discussed in Note G to the f i na nc i a l s ta tements ,the D is t r i c t has rece ived a pre l iminary adverse r u l i ~ g in ac l a s s ac t ion lawsui t . Th e D is t r i c t has not determined whetherit w i l l appeal or c on te s t the dec is ion an d it i s not poss ib l eto est imate a t th i s t ime the u l t imate outcome of t h i s l i t i g a -t ion . No provis ion for an y l i ab i l i t y t ha t may r e su l t haS/beenmade in the f inanc ia l s ta tements .

In our opin ion , except for the e f f e c t s of suchadjus tments i f any, as might have been requi red had the outcomeof the l i t i g a t i o n refer red to in the preceding paragraph beenknown, the s ta tements mentioned above pre se n t f a i r l y thecombined f inanc ia l pos i t ion of Alameda-Contra Costa Trans i tD is t r i c t a t June 30, 1979 and the combined r e s u l t s of operat i ons and changes in f inanc ia l pos i t ion for the year thenended, in conformity with genera l ly accepted accounting p r i n c i -p l e s which, except fo r the change, with which we concur, in themethod of accounting fo r vaca t ion expense as descr ibed in NoteA to the f i na nc i a l s ta tements , have been appl ied on a bas i sc ons i s t e n t with t ha t o f the preceding year .

October 5 , 1979

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., '" _

Alameda-Contra Costa Transit District508 16th StreetOakland , California 94612

ac transit annual report 1978-1979

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