1	P&T Announcements CAS and ITE Building Construction Underway Stadium Road and Whitehead Road impacts listed on web Most disruptive phase extended two weeks (12/24) TDM Award from the Chesapeake Chapter of ACT Northern Virginia Commuter Benefits in place for 1/1/09 Budget Due in late January
2	2008/2009 Budgeted Revenues/Expenditures (~$13M):
3	2008/2009 Budgeted Total Expenditures ($12.9M):
4	2008/2009 Budgeted Operating Expenditures:
5	Trends measured for current fiscal: Permit sales to staff/faculty are down due to construction impacts Permit sales to student at dormitories are down (Hereford converting to 1^st year) Event and charter revenues are down Meter and garage fee revenues are down Citation collections are down Current year budget reduction plans due to Associate VP by 12/23: personal services, supplies, printing, training, travel, reserves
6	Budget preparation for 2009/2010: Debt unchanged Open Ridership program on CTS - $138K + $57K for Trolley GPS System - $125K/year plus $90K-$120K in IVR Commitments to reserve (currently at $1.07M) Biofuel ($50,000 premium in today’s prices) UTS Headways during off peak hours (tbd) Central Grounds Garage late night ($20,000+ for if program starts at 10PM) Unstable economy
7	Continued… Permit Fees 2009/2010 is the third year of a 3 year rate plan Plan calls for $2 increase in commuter/storage Plan calls for $3 and $4 increase in reserved P&T has received guidance to keep permit fees at current rates Hospital may increase reserved permit rate (no increase 08/09) Student Bus Fees Plan calls for increase from $144 to $152 Financing GPS system requires $3 at minimum for next two years Fines and Garage fees – no increased planned
8	Use of Central Grounds Garage 10PM – 8AM Viewed a 2-week period (10/14-11/1) Averaged 85 vehicles per night between 10PM and 8AM 10PM-Midnight - 66% Midnight to 2AM – 22% 2AM-8AM – 12% Approaches Change fee structure to $1 after 10PM – applies to everyone, low budget impact Change fee structure to free after 2AM – applies to everyone, low budget impact Adopt Student Council proposal – does not apply to everyone, high budget impact, mixed message, increased demand
9	Next steps P&T to continue refining current and next year’s budget Submit questions to nms2n@virginia.edu Budget will be presented at next T&P meeting Next meeting – 1/20/09 at 2PM