Pikes Peak Rural Transportation Authority
2025 Budget and 2024 Estimated Fund Balance
Revenue and Expense Summary
| Category | 2024 Estimated Expenditure Carryover | 2025 Draft Budget | Line item Transfers | Total |
|---|---|---|---|---|
| Revenue | ||||
| Tax Collections: | ||||
| Capital: | ||||
| Town of Green Mountain Falls | $68,812 | $68,812 | ||
| City of Manitou Springs | 517,478 | 517,478 | ||
| City of Colorado Springs | 51,019,315 | 51,019,315 | ||
| El Paso County | 21,548,202 | 21,548,202 | ||
| Ramah | 11,824 | 11,824 | ||
| Calhan | 81,169 | 81,169 | ||
| 73,246,800 | 73,246,800 | |||
| Maintenance: | ||||
| Town of Green Mountain Falls | 48,713 | 48,713 | ||
| City of Manitou Springs | 366,328 | 366,328 | ||
| City of Colorado Springs | 36,117,089 | 36,117,089 | ||
| El Paso County | 15,254,190 | 15,254,190 | ||
| Ramah | 8,370 | 8,370 | ||
| Calhan | 57,460 | 57,460 | ||
| 51,852,150 | 51,852,150 | |||
| Public Transportation | 14,814,900 | 14,814,900 | ||
| Reserve | 9,235,150 | 9,235,150 | ||
| Administration allocation of Tax Revenue | 851,000 | 851,000 | ||
| Total Tax Revenue | 150,000,000 | 150,000,000 | ||
| Less Sales & Use Tax Collection expenses | (270,000) | (270,000) | ||
| Total Tax Collection & Ballot Measure Costs | (270,000) | (270,000) | ||
| Net Revenue before Other Income | 149,730,000 | 149,730,000 | ||
| Other Revenue Sources: | ||||
| Public Transportation fare Revenue | 3,612,157 | 3,612,157 | ||
| Public Transportation Advertising & Other Revenue | 469,000 | 469,000 | ||
| Interest Earnings | 10,000,000 | 10,000,000 | ||
| Net Revenue | 163,811,157 | 163,811,157 | ||
| Expenditures | ||||
| Administrative | 0 | 851,000 | 851,000 | |
| Public Transportation-Operations | 18,271,786 | 17,494,347 | 35,766,133 | |
| Public Transportation-Grant Match | 20,233,379 | 2,374,710 | 22,608,089 | |
| 38,505,165 | 19,869,057 | 58,374,222 | ||
| Maintenance | ||||
| Town of Green Mountain Falls | 0 | 51,912 | 51,912 | |
| City of Manitou Springs | 0 | 390,387 | 390,387 | |
| City of Colorado Springs | 19,892,667 | 38,489,155 | 58,381,822 | |
| El Paso County | 0 | 16,256,041 | 16,256,041 | |
| Ramah | 38,000 | 8,920 | 46,920 | |
| Calhan | 77,790 | 61,234 | 139,024 | |
| Total Maintenance expense | 20,008,457 | 55,257,650 | 75,266,107 | |
| Capital | ||||
| Town of Green Mountain Falls-Renewal Capital “A” list | ||||
| Stilling Basins | 11,933 | 11,933 | ||
| 11,933 | 0 | 0 | 11,933 | |
| City of Manitou Springs-Renewal Capital “A” list | ||||
| Manitou Ave West End Ped and Drainage Improvements | 0 | 0 | ||
| Manitou Downtown Sidewalk, Drainage & Utilities | ||||
| Transit Shuttle and Surface or structure Parking | 1,900,000 | 1,900,000 | ||
| 1,900,000 | 0 | 0 | 1,900,000 | |
| City of Colorado Springs- Renewal Capital “A” List | ||||
| 8th St. Imps.: Motor City Way to Fountain Creek | 3,877,850 | 3,877,850 | ||
| Academy Blvd. Bijou St. to Airport Rd Reconstruction | 5,813,218 | 5,813,218 | ||
| Academy Blvd. Fountain to Proby Pkwy Reconstruction | 34,711,805 | 34,711,805 | ||
| Black Forest Rd.-Woodmen to Research (Joint Project) | 4,187,703 | 4,187,703 | ||
| Centennial Blvd. Ext.: Fillmore-Fontanero | 377,280 | 377,280 | ||
| Circle Drive projects combined | 29,437,691 | 29,437,691 | ||
| Companion Drainage Improve. for roadway Projects | 398,755 | 398,755 | ||
| El Paso Bridge Over Fountain Creek Tributary Replacement | 239,340 | 239,340 | ||
| Emergency Bridge Fund | 7,023,545 | 7,023,545 | ||
| Galley Rd. over Sand Creek Bridge Replacement | 4,569,191 | 4,569,191 | ||
| I-25 Ramps: S. Nevada/Tejon St. Corridor Improvements | 6,772,631 | 6,772,631 | ||
| Las Vegas St./Royer UPRR Crossing Relocation | 13,087,249 | 13,087,249 | ||
| Pikes Peak Ave: Colo. To Printers Pkwy Reconstruction | 12,643 | 12,643 | ||
| Platte-W. Bound over Sand Creek Bridge Replacement | 52,266 | 52,266 | ||
| Rock Island Trail Corridor Improvements | 1,000,000 | 1,000,000 | ||
| S. Cheyenne Canyon Rd over Creek Bridge Replacement | 446,056 | 446,056 | ||
| Shook’s Run Bridge Corridor Improvement Study | 42,911 | 42,911 | ||
| Shook’s Run Trail corridor Improvements | 800,000 | 800,000 | ||
| Tutt Blvd Extension: Dublin to Templeton Gap | 2,718,013 | 2,718,013 | ||
| Union Pacific RR: Mainline over Fontanero Bridge Replace | 20,002,447 | 20,002,447 | ||
| Union Pacific RR: Nevada & Tejon Crossing -design only | 2,243,809 | 2,243,809 | ||
| W. Fillmore over Unnamed Channel Bridge Replacement | 655,159 | 655,159 | ||
| Woodmen Rd Improve.: Union Continuous Flow Intersection | 220,959 | 220,959 | ||
| Pikes Peak Greenway Corridor Improvements | 1,340,334 | 1,340,334 | ||
| Platte Ave. Corridor Improvement Study | 10,691 | 10,691 | ||
| Sinton Trail Corridor Improvements | 520,853 | 520,853 | ||
| Templeton Gap Trail Corridor Improvements | 232,895 | 232,895 | ||
| Citywide Capital | ||||
| Citywide Intersection Improvement Ph. I | 3,283,906 | 3,283,906 | ||
| Citywide On-Street Bikeway Improv. Ph. I | 1,295,054 | 1,295,054 | ||
| Citywide Ped Transportation Improv. Ph. I | 2,323,648 | 2,323,648 | ||
| Citywide Roadway Safety, Traffic Ops, & Maint Ph. I | 12,984,729 | 12,984,729 | ||
| Citywide Congestion and Incident Mgmt. Signal Improv. Ph. I | 1,013,348 | 1,013,348 | ||
| Citywide Traffic Signal System Upgrade | 602,270 | 602,270 | ||
| 162,298,249 | 0 | 0 | 162,298,249 | |
| Transit Capital | ||||
| Fixed-Route Bus System Vehicle Replacement | 4,702,558 | 4,702,558 | ||
| Sidewalk/Bus stop program- Existing Routes | 273,854 | 273,854 | ||
| 4,976,412 | 4,976,412 | |||
| El Paso County – Renewal Capital “A” List | ||||
| Beacon Lite Road-Highway 105 to County Line Rd. | 21,391,744 | 21,391,744 | ||
| Deer Creek, Base Camp, Microscope Way (Emigrant Trail) | 4,255,374 | 4,255,374 | ||
| Eastonville Road-McLaughlin Rd. to Latigo Blvd. | 16,809,766 | 16,809,766 | ||
| Fontaine Blvd at Security Blvd At Widefield Rd | 418,686 | 418,686 | ||
| Highway 105: I25 to Highway 83 | 19,231,831 | 19,231,831 | ||
| Meridian/McLaughlin Roundabout | 154,086 | 154,086 | ||
| Mesa Ridge Parkway: Powers to Marksheffel | 8,526,789 | 8,526,789 | ||
| Monument Hill Road: County Line to Woodmoor | 306,286 | 306,286 | ||
| New Meridian/US-24 | 12 | 12 | ||
| S. Academy Blvd-I-25 to Bradley Rd Ramps | 40,000,039 | 40,000,039 | ||
| Tutt Blvd Extension Dublin to T-Gap (Joint project) | 555,000 | 555,000 | ||
| West Colorado Ave (Joint project) | 3,274 | 3,274 | ||
| 111,652,887 | 0 | 0 | 111,652,887 | |
| Town of Ramah-Renewal Capital “A” list | ||||
| Ramah Street Overlay program | 8,000 | 8,000 | ||
| 8,000 | 8,000 | |||
| Total Renewal Capital “A” list funding | 280,847,481 | 0 | 0 | 280,847,481 |
| Town of Green Mountain Falls-2nd Renewal Capital “A” list | ||||
| El Paso Ave Bridge Replacement | 0 | |||
| El Paso Trail and Iona Ave Roads Improvement | 0 | |||
| Ute Pass Ave (Downtown) Improvements | 0 | |||
| Ute Pass Ave Pedestrian Bridge Safety Improvement | 73,840 | 73,840 | ||
| 73,840 | 73,840 | |||
| City of Manitou Springs-2nd Renewal Capital “A” list | ||||
| Manitou Ave Safety and Mobility Improvements – Phase 1 | 0 | |||
| Manitou St System Safety and Mobility Improvements – City Wide – Phase 1 | 555,286 | 555,286 | ||
| Serpentine Dr Roadway Improvements | 0 | |||
| 555,286 | 555,286 | |||
| City of Colorado Springs-2nd Renewal Capital “A” list | ||||
| 30th St Corridor Improvements – Mesa Rd to Garden of the Gods Rd | 0 | |||
| Cascade Ave – Mark Dabling Blvd Connection (Design Only) | 0 | |||
| Colorado Ave Improvements – 21st St to Limit St | 150,000 | 150,000 | ||
| Colorado Ave Improvements – 28th St to 21st St | 0 | |||
| Companion Drainage Improvements for Roadway Projects | 500,000 | 500,000 | ||
| Drennan Rd Bridge Reconstruction over Jimmy Camp Creek | 0 | |||
| Dublin Blvd Improvements – Peterson Rd to Marksheffel Rd | 6,375,200 | 6,375,200 | ||
| Emergency Bridge Fund – Phase 1 | 1,000,000 | 1,000,000 | ||
| Fillmore St and Bridge Improvements and Trail Connections – I-25 to Monument Creek | 750,000 | 750,000 | ||
| Foothills Trail Improvements | 0 | |||
| Homestead Trail Improvements | 0 | |||
| Lorraine St Bridge Reconstruction over Cheyenne Run | 0 | |||
| Marksheffel Rd New Bridge at Cottonwood Creek | 0 | |||
| Midland Trail Completion (21st St to 25th St) | 1,025,000 | 1,025,000 | ||
| Nevada Ave Reconstruction – Commerce St to Templeton Gap Floodway | 1,600,000 | 1,600,000 | ||
| Nevada Ave Reconstruction – Lee St to University Village | 0 | |||
| Nevada Ave Reconstruction – Rock Island Railroad to Commerce St | 1,600,000 | 1,600,000 | ||
| Nevada Ave Reconstruction – Templeton Gap Floodway to Lee St | 0 | |||
| Nevada Ave/Garden of the Gods Rd/Austin Bluffs Pkwy Intersection Study | 0 | |||
| Northeast Sub-Area Study – Bounded by Union Blvd/Austin Bluffs Pkwy/Briargate Pkwy | 0 | |||
| Old Ranch Rd Improvements – Voyager Pkwy to Lexington Dr | 0 | |||
| Palmer-Mesa Trail Improvements | 0 | |||
| Pikes Peak Greenway Improvements | 0 | |||
| Platte Ave Improvements – Wahsatch Ave to Circle Dr | 0 | |||
| Rock Island Trail Improvements | 0 | |||
| Shooks Run Trail Improvements | 0 | |||
| Sinton Trail Improvements | 100,000 | 100,000 | ||
| Templeton Gap Trail Improvements | 0 | |||
| US 24 Functionality and Routing Study – I-25 to Falcon | 0 | |||
| Marksheffel Rd Improvements – Woodmen Rd to N Carefree Cir | 20,846,648 | 20,846,648 | ||
| Midland Trail Improvements | 0 | |||
| Powers Blvd Extension – Mesa Ridge Pkwy to I-25 (Design and Right-of-Way Acquisition Only) | 0 | |||
| Powers Blvd Extension – State Highway 83 to Voyager Pkwy | 10,200,000 | 10,200,000 | ||
| Stapleton Dr/Briargate Pkwy Improvements – Black Forest Rd to Vollmer Rd | 0 | |||
| State and Federal Discretionary Grant Match Fund – Phase 1 | 0 | |||
| Woodmen Rd Improvements – Powers Blvd to US 24 | 100,000 | 100,000 | ||
| Citywide Capital | ||||
| Intersection Improvements – Phase 1 | 5,000,000 | 5,000,000 | ||
| On-Street Bikeway Improvements – Phase 1 | 500,000 | 500,000 | ||
| Roadway Safety and Traffic Operations – Phase 1 | 1,500,000 | 1,500,000 | ||
| Congestion and Incident Management – Phase 1 | 500,000 | 500,000 | ||
| Traffic Signals Systems Upgrades (City Wide) – Phase 1 | 500,000 | 500,000 | ||
| Sidewalk Infill Improvements – Phase 1 | 1,500,000 | 1,500,000 | ||
| 53,746,848 | 53,746,848 | |||
| Transit Capital | ||||
| Transit Fleet Supplement – Phase 1 | 500,000 | 500,000 | ||
| Transit Service Enhancements – Phase 1 | 200,000 | 200,000 | ||
| Transit Stop and Station Improvements – Phase 1 | 300,000 | 300,000 | ||
| 1,000,000 | 1,000,000 | |||
| El Paso County-2nd Renewal Capital “A” list | ||||
| Baptist Rd/Hodgen Rd/Roller Coaster Rd Intersection Improvements | 1,500,000 | 1,500,000 | ||
| Bradley Rd from Goldfield Dr to Powers Blvd | 0 | |||
| Curtis Rd from Falcon Hwy to Garrett Rd Improvements and Design to Highway 94 | 0 | |||
| Eastonville Rd from McLaughlin Rd to Bandanero Dr Improvements | 2,000,000 | 2,000,000 | ||
| Highway 105 from Furrow Rd to Arrowwood Dr Improvements | 1,300,000 | 1,300,000 | ||
| Hodgen Rd from Winsome Way West Leg to Meridian Rd Improvements | 0 | |||
| Major Road and Bridge Reconstruction – Phase 1 | 2,000,000 | 2,000,000 | ||
| North Calhan Hwy from US 24 to Paint Mine Rd Improvements | 710,000 | 710,000 | ||
| Old State Rd from Milepost 0.75 to Milepost 4.157 | 0 | |||
| Peyton Area Roads – Railroad, Front and Main Streets Improvements | 1,000,000 | 1,000,000 | ||
| Preconstruction Funding – Phase 1 | 2,000,000 | 2,000,000 | ||
| Safety and Multimodal Program – Phase 1 | 2,812,539 | 2,812,539 | ||
| Marksheffel Rd Improvements – Woodmen Rd to N Carefree Cir | 0 | |||
| Midland Trail Improvements | 0 | |||
| Powers Blvd Extension – Mesa Ridge Pkwy to I-25 (Design and Right-of-Way Acquisition Only) | 1,000,000 | 1,000,000 | ||
| Powers Blvd Extension – State Highway 83 to Voyager Pkwy | 1,000,000 | 1,000,000 | ||
| Stapleton Dr/Briargate Pkwy Improvements – Black Forest Rd to Vollmer Rd | 3,800,000 | 3,800,000 | ||
| State and Federal Discretionary Grant Match Fund – Phase 1 | 2,000,000 | 2,000,000 | ||
| Woodmen Rd Improvements – Powers Blvd to US 24 | 2,000,000 | 2,000,000 | ||
| 23,122,539 | 23,122,539 | |||
| Town of Ramah-2nd Renewal Capital “A” list | ||||
| Improvements to Brush Dump Rd | 12,688 | 12,688 | ||
| Town of Calhan-2nd Renewal Capital “A” list | ||||
| Rehabilitation of 8th St from Boulder St to Colorado Ave | 87,099 | 87,099 | ||
| Total 2nd Renewal Capital “A” list funding | 0 | 78,598,300 | 0 | 78,598,300 |
| Total Capital Expenditures and Carryover | 280,847,481 | 78,598,300 | 0 | 359,445,781 |
| Total Projects and Transportation expenses | 339,361,103 | 153,725,007 | 0 | 493,086,110 |
| Total | 339,361,103 | 154,576,007 | 0 | 493,937,110 |
| Estimated Beginning Fund Balance net of reserves | 339,361,103 | |||
| Revenue Over/(Under) Expenditures | 9,235,150 | (330,125,953) | ||
| Reserve | ||||
| Addition to reserve based on revenue | 0 | (1,000,000) | (1,000,000) | |
| Replace Capital Reserve transferred to original Cap fund | 0 | (8,235,150) | (8,235,150) | |
| Board appropriation of reserves | 0 | 0 | ||
| Total Reserve | 0 | (9,235,150) | 0 | (9,235,150) |
| Estimated Beginning Fund Balance | $339,361,103 | $339,361,103 | ||
| Revenue Over/(Under) Expenditures & Reserve | $0 | $0 | $0 | |