You may a PDF of the budget and overview statement here

Transcription

You may a PDF of the budget and overview statement here
Oregon Travel Experience
& Travel Information Council
1500 Liberty St. SE, Suite 150
Salem, Oregon 97302
503-378-4508 1-800-574-9397
503-378-6282 FAX
Kate Brown, Governor
PUBLIC COMMENT INVITED ON TIC/OTE BUDGET
The Travel Information Council (TIC), doing business as Oregon Travel Experience (OTE), is charged
with operating, maintaining, improving and developing safety rest areas owned by the Oregon
Department of Transportation (ODOT). Funding for these rest areas comes from ODOT under 2012
Senate Bill 1591 and subsequent interagency agreements. The funding level set in SB 1591 to fund these
operations is $6.55 million each calendar year.
In December 2013, the Oregon Transportation Commission (OTC) voted to reduce that amount to $4.96
million because of revenue shortfalls in the funding stream used by ODOT for TIC’s rest area
operations. Interagency agreements filled the $1.59 million gap for calendar years 2014 and 2015, while
alternate funding would be sought. As part of the agreement, the Travel Information Council agreed to
operate two additional rest areas along with the five rest areas the Legislature had directed it to operate
prior to the OTC’s decision to reduce funding. This brings the total rest areas covered by the agreement
to seven and TIC’s overall responsibility to 29 rest areas.
That $1.59 million gap funding is scheduled to end on December 31, 2015. However, both ODOT and
TIC committed to pursue funding through the Legislature to fund rest areas (see Oregon Transportation
Commission Minutes of the Regular Monthly Meeting December 18, 2013). The Travel Information
Council remains cautiously optimistic that funding will be secured for ongoing rest area operations at
current levels, enabling the agency to continue to operate safe, clean facilities for travelers in Oregon.
By statute, TIC is required to develop a biennial budget. However, it is unfeasible to formally adopt a
24-month budget based on undetermined variables, including the number of rest areas the agency will
continue to operate if funding levels are not restored. Under current assumptions of funding being
reduced to $4.96 million, the agency would need to lay off staff, reduce services, and modify the
interagency agreement with ODOT. Those cuts, if realized, would not go into effect until January 1,
2016.
Accordingly, the Travel Information Council can continue to operating rest areas through the first six
months of the 2015-17 biennium at current levels, and the TIC is considering this six-month continuing
resolution budget submitted for public comment. This budget represents conservative spending, with no
capital improvements to rest areas planned within the period. Restricted reserves are conserved. When
actual funding and required service levels are finalized in a revised interagency agreement, TIC will
OTE:5/19/15
have the information needed to develop an accurate biennial budget. That budget will be adopted
through the formal public comment and adoption process before the end of the calendar year.
The public is invited to comment on this budget, which will be discussed and adopted at the Council’s
meeting at its Salem office on June 24, 2015. Written comments must be received by Monday, June 22,
2015, and can be mailed to:
Oregon Travel Information Council
Attn: Executive Director
1500 Liberty St. SE, Suite 150
Salem, Oregon 97302
If you have questions about this continuing resolution budget or other matters, please email them to
OTE Executive Director Nancy DeSouza at [email protected] or call 503-373-1042.
OTE:5/19/15
Oregon Travel Experience
Summary of Draft Continuing Resolution
Valid July 1, 2015 thru December 31, 2015
Created/Last Modified: 5/1/2015
Continuing
Resolution Budget
REVENUES
Other‐Unrestricted
Rest Area
Total Revenue
$1,142,938
$3,278,802
$4,421,740
EXPENSES
Payroll Expenses
Other‐Unrestricted
Rest Area
Total Payroll Expenses
Direct Selling Expenses
Other‐Unrestricted
Rest Area
Total Direct Selling Expenses
General and Administrative Expenses
Other‐Unrestricted
Rest Area
Total General and Administrative Expenses
Legal and Professional Expenses
Other‐Unrestricted
Rest Area
Total Legal and Professional Expenses
Depreciation and Amortization Expenses
Other‐Unrestricted
Rest Area
Total Depreciation and Amortization Expenses
Total Expenses
Other‐Unrestricted
Rest Area
Total Expenses
Interest Revenue and Expense
Other‐Unrestricted
Rest Area
Total Interest Revenue and Expense
Other Revenue and Expense
Other‐Unrestricted
Rest Area
Total Other Revenue and Expense
Disposal of Assets
Other‐Unrestricted
Rest Area
Total Disposals of Assets
NET PROFIT (LOSS)
Other‐Unrestricted
Rest Area
Total Net Income (Loss)
$888,694
$1,165,150
$2,053,844
$23,876
$13,992
$37,868
‐$160,146
$1,870,571
$1,710,425
$66,804
$0
$66,804
$236,109
$56,936
$293,045
$1,055,337
$3,106,649
$4,161,986
$0
$0
$0
$595
$0
$595
‐$48,270
$0
‐$48,270
$39,926
$172,153
$212,079
BEGINNING CASH BALANCE
Other ‐ Unrestricted
Other ‐ Reserve
Other ‐ Restricted
Rest Area
Rest Area ‐ Reserve
Total Beginning Cash Balance
$718,348
$250,000
$66,338
$3,999,366
$750,000
$5,784,052
CASH INFLOW
Other ‐ Unrestricted ‐ Fee Income
Other ‐ Unrestricted ‐ RA Operating Expense Recapture
Other ‐ Restricted
Rest Area
Total Cash Inflow
$1,122,374
$491,250
$0
$3,804
$1,617,428
OPERATING CASH OUTFLOW
Payroll Expenses
Other ‐ Unrestricted
Other ‐ Restricted
Rest Area
Total Payroll
$893,418
$0
$1,169,804
$2,063,222
Operating Expenses
Other ‐ Unrestricted
Other ‐ Restricted
Rest Area
Total Operating Expenses
$460,243
$200
$1,885,095
$2,345,538
Capital Investment
Other ‐ Unrestricted
Other ‐ Restricted
Rest Area
Total Capital Outflow
$142,000
$0
$0
$142,000
Debt Reduction Other ‐ Unrestricted
Other ‐ Restricted
Rest Area
Total Debt Reduction
$0
$0
$0
$0
Increases in Inventories
Other ‐ Unrestricted
Other ‐ Restricted
Rest Area
$0
$0
$2,700
$2,700
TOTAL CASH OUTFLOW
Other ‐ Unrestricted
Other ‐ Restricted
Rest Area
Total Cash Outflows
$1,495,661
$200
$3,057,599
$4,553,460
ENDING CASH BALANCE
Other ‐ Unrestricted
Other ‐ Restricted
Rest Area
Total Ending Cash Balance
$1,086,311
$66,138
$1,695,571
$2,848,020