1	Transportation and Parking Committee January 27, 2010 Agenda Approve Minutes P&T Announcements Budget Discussion
2	P&T Announcements ZipCar CAS/ITE Construction - T3 re-opened South Lawn Construction TDM Phase II P&T consolidated at Millmont facility
3	Budget Discussion Revisions to 2009/2010 Revenue Categories: Permit revenue down (permit swaps, student sales) Event revenue down (parking) Garage/Meter revenue down (decreased use) Uncollected citations Comprehensive fee only increased $1, but net revenue unchanged. Charter Revenue Up Fuel Prices Down Projecting $940K decrease in revenues (7%)
4	Budget Discussion Revisions to 2009/2010 Expenditure Categories: Salaries, vacant positions Contractual Services (GPS phone system) Fuel and Utility prices in first 2 quarters Thanks to Andy Mansfield, operational expenditures reduced 11.6% Despite snow removal expenditures and revenue decreases, expenditure reductions allow us to project an increase in commitment to reserve of $300K
5	Budget Discussion Assumptions for 2010/2011 Sales trends will continue down in certain sales categories (Blue and Student Storage) No fee increases for any P&T service (exception – Hospital Reserved Parking fee) CTS reciprocal ridership continues in 10/11. Possible Increase in UTS service for hospital commuters (yet to be approved). Permanent abolishment of some P&T positions Fontaine Addition of Luxury Coach Fuel prices will increase over 09/10 average price
6	Budget Discussion Summary for 2010/2011 All fees reviewed by T&P remain the same Commitment to reserve increases to $1.7M (approaching the 1.5% dictated by BOV – should achieve within 5 years)
7	Budget Discussion 10-year Outlook Flatter acceleration fees than previously assumed (comprehensive fee and parking fees). TDM – elevated position, programs , marketing, monitoring Construction impacts – Battle Building, Whitehead Road landscape, Drama Expansion, Bayly, CAS II, Curry expansion
8	"Questions" Questions Discussion Adjourn