Pikes Peak Rural Transportation Authority
Revenue and Expense Summary
For Year End December 31, 2024
September 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	89,336,611	84,763,900	105%	150,000,000	(60,663,389)	60%	1
Other Revenue Sources:
Public Transportation fare & advertising revenue	1,592,516	1,669,578	95%	2,862,133	(1,269,617)	56%
Interest Earnings	12,853,405	9,333,333	138%	16,000,000	(3,146,595)	80%
Gross Revenue	103,782,533	95,766,811	108%	168,862,133	(65,079,600)	61%
Sales and Use tax collection costs	(96,298)	(157,500)	61%	(270,000)	173,702	36%
Net Revenue	103,686,235	95,609,311	108%	168,592,133	(64,905,898)	62%
Expenditures
Administrative	403,885	1,435,017	28%	2,146,525	1,742,640	19%
Public Transportation	10,424,562	40,191,052	26%	60,286,578	49,862,016	17%
Maintenance
Town of Green Mountain Falls		52,230	0%	79,874	79,874	0%
City of Manitou Springs		288,534	0%	441,247	441,247	0%
City of Colorado Springs	23,047,401	38,352,533	60%	58,651,552	35,604,151	39%
El Paso County	4,208,637	15,254,966	28%	23,329,031	19,120,394	18%
Town of Ramah		38,021	0%	58,144	58,144	0%
Town of Calhan		50,867	0%	77,790	77,790	0%
	27,256,038	5,863,648	465%	82,637,638	55,381,600	33%
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	36,845	6%	55,267	52,927	4%
Manitou Downtown Sidewalk, Drainage & Utilities	0	143,859	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	1,325,479	1%	1,988,219	1,980,848	0%
	9,711	1,506,183	1%	2,259,274	2,249,563	0%
City of Colorado Springs
8th St. Imps.: Motor City Way to Fountain Creek	290,917	2,776,448	10%	4,164,672	3,873,755	7%
Academy Blvd. Bijou St. to Airport Rd Reconstruction	5,632,111	5,632,111	81%	10,450,258	4,818,147	54%
Academy Blvd. Fountain to Proby Pkwy Reconstruction	4,104,857	26,999,150	15%	40,498,725	36,393,868	10%
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)	5,454,483	6,378,637	86%	9,567,956	4,113,473	57%
Centennial Blvd. Ext.: Fillmore-Fontanero	190,737	312,006	61%	468,009	312,006	41%
Centennial: G. of G. to Fillmore Pavement Reconstruction		3,333	0%	5,000	5,000	0%
Chestnut over S.Douglas Creek Bridge Replacement		0	#DIV/0!	0	0	#DIV/0!
Circle Drive projects combined	11,457,306	26,486,451	43%	39,729,676	28,272,370	29%
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	274,667	5%	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	488,569	101%	732,854	239,340	67%
Emergency Bridge Fund	184,194	5,390,614	3%	8,085,921	7,901,727	2%
Enchanted Circle Over Sand Creek Bridge Replacement		0	#DIV/0!	0	0	#DIV/0!
Galley Rd. over Sand Creek Bridge Replacement	(266,694)	2,868,332	-9%	4,302,498	4,569,192	-6%
I-25 Ramps: S. Nevada/Tejon St. Corridor Improvements	1,382,523	5,485,119	25%	8,227,679	6,845,156	17%
Las Vegas St./Royer UPRR Crossing Relocation	178,750	8,834,250	2%	13,251,375	13,072,625	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		8,429	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	613,037	6%	919,556	883,873	4%
Rock Island Trail Corridor Improvements		666,663	0%	999,995	999,995	0%
S. Cheyenne Canyon Rd over Creek Bridge Replacement	2,439,679	1,312,833	186%	1,969,249	(470,430)	124%
Shook’s Run Bridge Corridor Improvement Study		28,607	0%	42,911	42,911	0%
Shook’s Run Trail corridor Improvements		533,333	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	491,590	2,468,229	20%	3,702,344	3,210,754	13%
Union Pacific RR: Mainline over Fontanero Bridge Replace	119,405	13,410,200	1%	20,115,300	19,995,895	1%
Union Pacific RR: Nevada & Tejon Crossing -design only	213	1,496,015	0%	2,244,023	2,243,810	0%
W. Fillmore over Unnamed Channel Bridge Replacement	2,001,968	1,772,967	113%	2,659,451	657,483	75%
W. Co. Ave. reconstruction: 31ST ST. TO US 24 Joint proj.	0	50,336	0%	75,504	75,504	0%
Woodmen Rd Improve.: Union Continuous Flow Intersection	6,319	151,519	4%	227,279	220,960	3%
Pikes Peak Greenway Corridor Improvements	139,923	1,322,205	11%	1,983,308	1,843,385	7%
Platte Ave. Corridor Improvement Study	8,450	12,759	66%	19,139	10,689	44%
Sinton Trail Corridor Improvements	0	347,235	0%	520,852	520,852	0%
Templeton Gap Trail Corridor Improvements	5,364	383,333	1%	575,000	569,636	1%
Citywide Capital
Citywide Intersection Improvement Ph. I	5,603,628	5,925,023	95%	8,887,534	3,283,906	63%
Citywide On-Street Bikeway Improvements-Ph. I	5,925,023	25,057	3%	1,318,862	879,241	2%
Citywide Ped Transportation Improvements-Ph. I	40,588	1,240,655	3%	1,860,983	1,820,395	2%
Citywide Roadway Safety, Traffic Ops, & Maint. Ph. I	7,864,883	13,816,019	57%	20,724,028	12,859,145	38%
Citywide School & Neighborhood Ped Improvements Ph. I	196,951	459,273	43%	688,910	491,959	29%
Citywide Congestion and Incident Mgmt. Signal Imp. Ph. I	214,528	818,584	26%	1,227,876	1,013,348	17%
Citywide Traffic Signal System Upgrade	0	401,513	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		3,543,999	0%	5,315,998	5,315,998	0%
Sidewalk/Bus stop program- Existing Routes		204,728	0%	307,092	307,092	0%
Vanpool Vehicle Replacement		0	#DIV/0!	0	0	#DIV/0!
	48,307,248	145,131,156	33%	217,696,734	169,389,486	22%
EL Paso County
Beacon Lite Road-Highway 105 to County Line Rd.	587,242	14,652,657	4%	21,978,986	21,391,744	3%
Deer Creek, Base Camp, Microscope Way (Emigrant Trail)	204,047	2,972,947	7%	4,459,421	4,255,374	5%
Eastonville Road-McLaughlin Rd. to Latigo Blvd.	138,420	11,298,791	1%	16,948,186	16,809,766	1%
Fontaine Blvd at Security Blvd At Widefield Rd	0	279,124	0%	418,686	418,686	0%
Highway 105: I25 to Highway 83	2,101,434	14,324,757	15%	21,487,135	19,385,701	10%
Main St. at Security Blvd.	0	0	#DIV/0!	0	0	#DIV/0!
Meridian/McLaughlin Roundabout	0	102,724	0%	154,086	154,086	0%
Mesa Ridge Parkway: Powers to Marksheffel	20,030	5,699,046	0%	8,548,569	8,528,539	0%
Monument Hill Road: County Line to Woodmoor	0	204,191	0%	306,286	306,286	0%
New Meridian/US-24	2,020	1,355	149%	2,032	12	99%
S. Academy Blvd-I-25 to Bradley Rd Ramps	16,356,971	39,462,976	41%	59,194,464	42,837,493	28%
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)		370,000	0%	555,000	555,000	0%
West Colorado Ave (Joint project)	0	2,183	0%	3,274	3,274	0%
	19,410,163	89,370,750	22%	134,056,125	114,645,962	14%
Town of Ramah
Ramah Street Overlay project		25,579	0%	38,368	38,368	0%
Total ‘renewal Capital “A” list funding	67,702,294	236,033,667	29%	354,050,501	286,348,207	19%
Total Capital Expenditures	67,585,439	67,585,439	29%	354,060,905	286,475,466	19%
Total Projects and Transportation expenses	105,266,039	282,098,771	37%	496,985,121	391,719,082	21%
Total Expenditures	105,669,924	283,533,788	37%	499,131,646	393,461,722	21%
Revenue Over/(Under) Expenditures	(1,983,689)	(187,924,476)	1%	(330,539,513)	(458,367,621)	1%
Beginning fund balance	0	330,597,475		330,597,475	330,597,475
Net Activity including prior year carryover	(1,983,689)	142,672,999	-1%	57,962	(127,770,146)
Reserves:
Reduction to Reserve	(25,515)	103,037	-25%	(57,962)	(32,447)	44%
Net Reserve balance adjustment	(25,515)	103,037	-25%	(57,962)	(32,447)	44%
Net Activity Less Reserve adjustment	($2,009,204)	$142,776,035	-1%	$0	($2,009,204)	N/A

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