laredo bridge system
DESCRIPTION
Laredo Bridge System. Budget Presentation FY 2009-2010. Budget Highlights. FY 08-09 $6 million shortfall of revenues, 13% Reduced operating budget - $6 million Meet 15% required fund balance, $1.7 million FY 09-10 Revenues and expenditures are similar to FY08-09 - PowerPoint PPT PresentationTRANSCRIPT
Laredo Bridge SystemLaredo Bridge SystemBudget PresentationBudget Presentation
FY 2009-2010FY 2009-2010
Budget HighlightsFY 08-09• $6 million shortfall of revenues, 13%• Reduced operating budget - $6 million• Meet 15% required fund balance, $1.7 millionFY 09-10• Revenues and expenditures are similar to FY08-09
– Deleted $6m from proposed budget
• Deleted 11 positions, unfunded 17 positions • Meet 15% required fund balance of $1.8 million• No rate increase proposed
REVENUECOMPARISONS
Estimated Revenue FY08-09
BudgetFY08-09
EstimatedFY08-09
$46,564,504
-13 %
$40,511,119
-$6,053,485
Proposed Revenue FY09-10
EstimatedFY08-09
ProposedFY09-10
$40,511,119
+.00 %
$40,510,627
-$492
$33,069,032
$39,101,761
+18.2%
FY 04-05 FY 05-06
Decrease in Pedestrian & Non-Comm.
50¢ Increase Non-Com & Increase Com. Traffic
5 Year Revenue Comparison
FY 06-07
$38,051,562
- 2.7 %
FY 07-08
$45,576,258
+19.8%
$1.00 Increase Comm. & .40¢ Increase AVI toll rate
Decrease in Non-Comm & Commercial
EstimatedFY 08-09
Proposed
$40,511,119
- 13 % +0%
$40,510,627
FY 09-10
Decrease in Non-Comm & Commercial
TRAFFICTRAFFICCOMPARISONSCOMPARISONS
Yearly Commercial Traffic
1,662,5491,608,566
-3.2%
1,699,732
- 2%
FY 05-06 FY 06-07
-14 %
FY 08-09 Estimated
-37,183
-53,983
F`Y 09-10 ProposedFY 07-08
1,384,975 1,384,975
-223,591
Border City Commercial Traffic Comparison
As of May 31, 2009
Del Rio Eagle Pass Brownsville Pharr
- 24.3%
- 11.4%
- 15.2% - 13.9%
Laredo
- 18.6%
+ .28%
McAllen
23,887
916,553
274,611
193,265
53,888
33,428
- 18.4%
132,023
El Paso
Yearly Non-Commercial Traffic 6,075,453
5,718,799
- 6%
FY 06-07 FY 07-08
- 3.1%
5,539,281
-355,654
FY 05-06
-179,518
FY 08-09Estimated
5,018,589
-520,692
FY09-10Proposed
- 9.4%
5,018,589
Border City Non-Commercial Traffic Comparison
As of May 31, 2009
McAllenBrownsville Laredo
3,024,607
2,617,840
3,407,780
1,799,328
1,074,171
2,395,190
Eagle PassDel Rio Pharr
996,636
El Paso
-14.8%
-13.6%
-9.4%
-3.7%
-9.4%
-7.48%-5.1%
4,137,5434,161,523
4,362,476
FY 06-07
+ .60%
FY 05-06 FY 07-08
+4.8
+23,980
200,953
FY 08-09Estimated
4,157,440
- 4.7%
-205,036
Yearly Pedestrian Traffic
FY 09-10Proposed
4,157,440
Border City Pedestrian Traffic Comparison
As of May 31, 2009
Eagle Pass Brownsville Laredo McAllen
-4.7% -4.6%-5.2%
10.8%-7.1%
Del RioEl Paso
-.31%
40,3231,248,915
2,814,147
1,070,673
451,9603,430,866
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Thank You. Mario MaldonadoBridge Manager