Pikes Peak Rural Transportation Authority
Revenue and Expense Summary
For Year End December 31, 2024
July 16, 2024
Modified Cash Basis
(in dollars)

Category	Year-to-date Actual	Year-to-date Budget	Percent of YTD Budget	Annual Budget Including Estimated Carryover	Actual Difference from Annual Budget	Annual Percent of Budget Expended	Notes
Revenue
Total Tax Revenue	61,622,670	57,938,305	106%	150,000,000	(88,377,330)	41%	1
Other Revenue Sources:
Public Transportation fare & advertising revenue	1,404,469	1,431,067	98%	2,862,133	(1,457,664)	49%
Interest Earnings	9,604,040	8,000,000	120%	16,000,000	(6,395,960)	60%
Gross Revenue	72,631,179	67,369,371	108%	168,862,133	(96,230,954)	43%
Sales and Use tax collection costs	(69,890)	(112,500)	62%	(270,000)	200.110	26%
Net Revenue	72,561,289	67,256,871	108%	168,592,133	(96,030,844)	43%
Expenditures
Administrative	299,706	1,079,263	28%	2,146,525	1,846,819	14%
Public Transportation	7,007,743	30,143,289	23%	60,286,578	53,278,835	12%
Maintenance
Town of Green Mountain Falls		38,033	0%	79,874	79,874	0%
City of Manitou Springs		210,103	0%	441,247	441,247	0%
City of Colorado Springs	14,115,321	27,927,407	51%	58,651,552	44,536,231	24%
El Paso County	1,003,894	11,108,305	9%	23,329,031	22,325,137	4%
Town of Ramah		27,686	0%	58,144	58,144	0%
Town of Calhan		37,040	0%	77,790	77,790	0%
	15,119,215	5,863,648	258%	82,637,638	67,518,423	18%
Capital
Initial “A” list projects
City of Colorado Springs
Roadway Safety and Traffic Operations		0	#DIV/0!	0	0	#DIV/0!
Pikes Peak Greenway Improvements		0	#DIV/0!	0	0	#DIV/0!
Marksheffel Road (PAFB to Black Forest)		168	0%	168	168	0%
	0	168	0%	168	168	0%
El Paso County
Meridian Rd Ext. (Falcon to US 24)	0	898	0%	898	898	0%
Marksheffel Road (Mesa Ridge to SH94)		0	#DIV/0!	0	0	#DIV/0!
Marksheffel Road (PAFB to Black Forest)	(116,855)	9,338	-1251%	9,338	126,193	-1251%
Baptist West & Baptist Rd (Mitchell to I-25)		0	#DIV/0!	0	0	#DIV/0!
	(116,855)	10,236	-1142%	10,236	127,091	-1142%
Total for Initial “A” list	(116,855)	10,404	-1123%	10,404	127,259	-1123%
Capital Renewal “A” list Projects
Town of Green Mountain Falls
Belvidere Avenue		0	#DIV/0!	0	0	#DIV/0!
Stilling Basins	(24,828)	0	#DIV/0!	0	24,828	#DIV/0!
	(24,828)	0	#DIV/0!	0	24,828	#DIV/0!
City of Manitou Springs
Manitou Avenue W. End Ped & Drainage Improvements	2,340	27,634	8%	55,267	52,927	4%
Manitou Downtown Sidewalk, Drainage & Utilities	0	107,894	0%	215,788	215,788	0%
W. Co. Ave. reconstruction: 31st St. to US 24 Joint project	–	0	#DIV/0!	0	0	#DIV/0!
Transit Shuttle Parking	7,371	994,110	1%	1,988,219	1,980,848	0%
	9,711	1,129,637	1%	2,259,274	2,249,563	0%
City of Colorado Springs
8th St. Imps.: Motor City Way to Fountain Creek	200,773	2,082,336	10%	4,164,672	3,963,899	5%
Academy Blvd. Bijou St. to Airport Rd Reconstruction	3,632,936	5,225,129	70%	10,450,258	6,817,322	35%
Academy Blvd. Fountain to Proby Pkwy Reconstruction	1,779,043	20,249,363	9%	40,498,725	38,719,682	4%
Academy Over Cottonwood Creek Bridge Rehab.	(2,926)	0	#DIV/0!	0	2,926	#DIV/0!
Airport Rd. over Spring Creek Bridge replacement	0	0	#DIV/0!	0	0	#DIV/0!
Barnes Rd-Solar Ridge to Powers Blvd.		0	#DIV/0!	0	0	#DIV/0!
Black Forest Rd.-Woodmen to Research (Joint Project)	3,637,813	4,783,978	76%	9,567,956	5,930,143	38%
Centennial Blvd. Ext.: Fillmore-Fontanero	163,300	234,005	70%	468,009	304,709	35%
Centennial: G. of G. to Fillmore Pavement Reconstruction		2,500	0%	5,000	5,000	35%
Chestnut over S.Douglas Creek Bridge Replacement		0	#DIV/0!	0	0	#DIV/0!
Circle Drive projects combined	7,573,923	19,864,838	38%	39,729,676	32,155,753	19%
Circle Drive EB over Fountain Creek Bridge Replacement		0	#DIV/0!	0	0	#DIV/0!
Circle Drive EB over Hancock Bridge Rehabilitation		0	#DIV/0!	0	0	#DIV/0!
Circle Drive WB over Fountain Bridge Rehabilitation		0	#DIV/0!	0	0	#DIV/0!
Circle Drive WB over Hancock Bridge Rehabilitation		0	#DIV/0!	0	0	#DIV/0!
Companion Drainage Improve. for roadway Projects	13,245	206,000	6%	412,000	398,755	3%
Dublin Rd. : Bridle Pass Way to Powers Blvd.		0	#DIV/0!	0	0	#DIV/0!
El Paso Bridge Over Fountain Creek Tributary Replacement	493,514	366,427	135%	732,854	239,340	67%
Emergency Bridge Fund	153,126	4,042,961	4%	8,085,921	7,932,795	2%
Enchanted Circle Over Sand Creek Bridge Replacement		0	#DIV/0!	0	0	#DIV/0!
Galley Rd. over Sand Creek Bridge Replacement	(330,777)	2,151,249	-15%	4,302,498	4,633,275	-8%
I-25 Ramps: S. Nevada/Tejon St. Corridor Improvements	336,703	4,113,840	8%	8,227,679	7,890,976	4%
Las Vegas St./Royer UPRR Crossing Relocation	85,539	6,625,688	1%	13,251,375	13,165,836	1%
Midland Trail Improvements: Ridge Rd. to Columbia St.		0	#DIV/0!	0	0	#DIV/0!
Old Ranch Rd. Improvements & Bridge Reconstruction		2	#DIV/0!	3	3	0%
Pikes Peak Ave: Colo. To Printers Pkwy Reconstruction		6,322	0%	12,644	12,644	0%
Platte Ave. Connection to I-25 Study		0	#DIV/0!	0	0	#DIV/0!
Platte-W. Bound over Sand Creek Bridge Replacement	35,683	459,778	8%	919,556	883,873	4%
Rock Island Trail Corridor Improvements		499,998	0%	999,995	999,995	0%
S. Cheyenne Canyon Rd over Creek Bridge Replacement	2,408,523	984,625	245%	1,969,249	(439,274)	122%
Shook’s Run Bridge Corridor Improvement Study		21,456	0%	42,911	42,911	0%
Shook’s Run Trail corridor Improvements		400,000	0%	800,000	800,000	0%
Stapleton Dr./Briargate Blvd Corridor Study (Joint project)	0	0	#DIV/0!	0	0	#DIV/0!
Tutt Blvd Extension: Dublin to Templeton Gap	179,796	1,851,172	10%	3,702,344	3,522,548	5%
Union Pacific RR: Mainline over Fontanero Bridge Replace	105,316	10,057,650	1%	20,115,300	20,009,984	1%
Union Pacific RR: Nevada & Tejon Crossing -design only	152	1,122,012	0%	2,244,023	2,243,871	0%
W. Fillmore over Unnamed Channel Bridge Replacement	1,922,310	1,329,726	145%	2,659,451	737,141	72%
W. Co. Ave. reconstruction: 31ST ST. TO US 24 Joint proj.	0	37,752	0%	75,504	75,504	0%
Woodmen Rd Improve.: Union Continuous Flow Intersection	5,460	113,640	5%	227,279	221,819	2%
Pikes Peak Greenway Corridor Improvements	134,167	991,654	14%	1,983,308	1,849,141	7%
Platte Ave. Corridor Improvement Study	8,450	9,570	88%	19,139	10,689	44%
Sinton Trail Corridor Improvements	0	260,426	0%	520,852	520,852	0%
Templeton Gap Trail Corridor Improvements		287,500	0%	575,000	575,000	0%
Citywide Capital
Citywide Intersection Improvement Ph. I	5,317,502	4,443,767	120%	8,887,534	3,570,032	60%
Citywide On-Street Bikeway Improvements-Ph. I	21,920	659,431	3%	1,318,862	1,296,942	2%
Citywide Ped Transportation Improvements-Ph. I	6,674	930,492	1%	1,860,983	1,854,309	0%
Citywide Roadway Safety, Traffic Ops, & Maint. Ph. I	5,677,363	10,362,014	55%	20,724,028	15,046,665	27%
Citywide School & Neighborhood Ped Improvements Ph. I	179,824	344,455	52%	688,910	509,086	26%
Citywide Congestion and Incident Mgmt. Signal Imp. Ph. I	129,819	613,938	21%	1,227,876	1,098,057	11%
Citywide Traffic Signal System Upgrade	0	301,135	0%	602,270	602,270	0%
Transit Capital
ADA-Par transit Bus system Vehicle Replacement		0	#DIV/0!	0	0	#DIV/0!
Fixed-Route Bus System Vehicle Replacement		2,657,999	0%	5,315,998	5,315,998	0%
Sidewalk/Bus stop program- Existing Routes		153,546	0%	307,092	307,092	0%
Vanpool Vehicle Replacement		0	#DIV/0!	0	0	#DIV/0!
	33,869,171	108,848,367	31%	217,696,734	183,827,563	16%
EL Paso County
Beacon Lite Road-Highway 105 to County Line Rd.	388,822	10,989,493	4%	21,978,986	21,590,164	2%
Deer Creek, Base Camp, Microscope Way (Emigrant Trail)	113,958	2,229,711	5%	4,459,421	4,345,463	3%
Eastonville Road-McLaughlin Rd. to Latigo Blvd.	0	8,474,093	0%	16,948,186	16,948,186	0%
Fontaine Blvd at Security Blvd At Widefield Rd	0	209,343	0%	418,686	418,686	0%
Highway 105: I25 to Highway 83	1,340,392	10,743,568	12%	21,487,135	20,146,743	6%
Main St. at Security Blvd.	0	0	#DIV/0!	0	0	#DIV/0!
Meridian/McLaughlin Roundabout	0	77,043	0%	154,086	154,086	0%
Mesa Ridge Parkway: Powers to Marksheffel	16,771	4,274,285	0%	8,548,569	8,531,798	0%
Monument Hill Road: County Line to Woodmoor	0	153,143	0%	306,286	306,286	0%
New Meridian/US-24	2,020	1,016	199%	2,032	12	99%
S. Academy Blvd-I-25 to Bradley Rd Ramps	10,657,867	29,597,232	36%	59,194,464	48,536,597	18%
Stapleton Dr./Briargate Blvd. Corridor Study (Joint Project)	0	0	#DIV/0!	0	0	#DIV/0!
Tutt Blvd Extension Dublin to T-Gap (Joint project)		277,500	0%	555,000	555,000	0%
West Colorado Ave (Joint project)	0	1,637	0%	3,274	3,274	0%
	12,519,830	67,028,063	19%	134,056,125	121,536,295	9%
Town of Ramah
Ramah Street Overlay project		19,184	0%	38,368	38,368	0%
Total ‘renewal Capital “A” list funding	46,373,884	177,025,251	26%	354,050,501	307,676,617	13%
Total Capital Expenditures	46,257,029	177,035,655	26%	354,060,905	307,803,876	13%
Total Projects and Transportation expenses	68,383,987	213,042,591	32%	496,985,121	428,601,134	14%
Total Expenditures	68,683,693	214,121,854	32%	499,131,646	430,447,953	14%
Revenue Over/(Under) Expenditures	3,877,596	(146,864,982)	-3%	(330,539,513)	(526,478,797)	-1%
Beginning fund balance	0	330,597,475		330,597,475	330,597,475
Net Activity including prior year carryover	3,877,596	183,732,493	2%	57,962	(195,881,322)
Reserves:
Reduction to Reserve	(18,225)	(18,225)	100%	(57,962)	(39,737)	31%
Net Reserve balance adjustment	(18,225)	(18,225)	100%	(57,962)	(39,737)	31%
Net Activity Less Reserve adjustment	$3,859,371	$183,714,268	2%	$0	$3,859,371	N/A

Notes:
1: Tax revenues from the State are received by the PPRTA two months in arrears. This statement includes May sales and use tax received in July 2024.