Pikes Peak Rural Transportation Authority
Revenue and Expense Summary
For Year End December 31, 2024
August 29, 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	75,486,654	71,423,70	106%	150,000,000	(74,513,346)	50%	1
Other Revenue Sources:
Public Transportation fare & advertising revenue	1,592,516	1,431,067	111%	2,862,133	(1,269,617)	56%
Interest Earnings	11,243,018	8,000,000	141%	16,000,000	(4,756,982)	70%
Gross Revenue	88,322,188	80,854,770	109%	168,862,133	(80,539,945)	52%
Sales and Use tax collection costs	(83,868)	(135,000)	62%	(270,000)	186,132	31%
Net Revenue	88,238,320	80,719,770	109%	168,592,133	(80,353,813)	52%
Expenditures
Administrative	381,293	1,257,140	30%	2,146,525	1,765,232	18%
Public Transportation	10,191,135	35,167,171	29%	60,286,578	50,095,443	17%
Maintenance
Town of Green Mountain Falls		45,136	0%	79,874	79,874	0%
City of Manitou Springs		249,345	0%	441,247	441,247	0%
City of Colorado Springs	20,680,961	33,143,562	62%	58,651,552	37,970,591	35%
El Paso County	4,204,525	13,183,064	32%	23,329,031	19,124,506	18%
Town of Ramah		32,857	0%	58,144	58,144	0%
Town of Calhan		43,959	0%	77,790	77,790	0%
	24,885,486	5,863,648	424%	82,637,638	57,752,152	30%
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	32,239	7%	55,267	52,927	4%
Manitou Downtown Sidewalk, Drainage & Utilities	0	125,876	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	1,159,794	1%	1,988,219	1,980,848	0%
	9,711	1,317,910	1%	2,259,274	2,249,563	0%
City of Colorado Springs
8th St. Imps.: Motor City Way to Fountain Creek	286,820	2,429,392	12%	4,164,672	3,877,852	7%
Academy Blvd. Bijou St. to Airport Rd Reconstruction	4,584,237	6,095,984	75%	10,450,258	5,866,021	44%
Academy Blvd. Fountain to Proby Pkwy Reconstruction	2,143,155	23,624,256	9%	40,498,725	38,355,570	5%
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)	4,661,433	5,581,308	84%	9,567,956	4,906,523	49%
Centennial Blvd. Ext.: Fillmore-Fontanero	165,931	273,005	61%	468,009	302,078	35%
Centennial: G. of G. to Fillmore Pavement Reconstruction		2,917	0%	5,000	5,000	35%
Chestnut over S.Douglas Creek Bridge Replacement		0	#DIV/0!	0	0	#DIV/0!
Circle Drive projects combined	10,117,386	23,175,644	44%	39,729,676	29,612,290	25%
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	240,333	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	427,498	115%	732,854	239,340	67%
Emergency Bridge Fund	174,087	4,716,787	4%	8,085,921	7,911,834	2%
Enchanted Circle Over Sand Creek Bridge Replacement		0	#DIV/0!	0	0	#DIV/0!
Galley Rd. over Sand Creek Bridge Replacement	(271,198)	2,509,791	-11%	4,302,498	4,573,696	-6%
I-25 Ramps: S. Nevada/Tejon St. Corridor Improvements	1,251,767	4,799,479	26%	8,227,679	6,975,912	15%
Las Vegas St./Royer UPRR Crossing Relocation	164,126	7,729,969	2%	13,251,375	13,087,249	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		7,376	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	536,408	7%	919,556	883,873	4%
Rock Island Trail Corridor Improvements		583,330	0%	999,995	999,995	0%
S. Cheyenne Canyon Rd over Creek Bridge Replacement	2,435,218	1,148,729	212%	1,969,249	(465,969	124%
Shook’s Run Bridge Corridor Improvement Study		25,031	0%	42,911	42,911	0%
Shook’s Run Trail corridor Improvements		466,667	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	487,262	2,159,701	23%	3,702,344	3,215,082	13%
Union Pacific RR: Mainline over Fontanero Bridge Replace	112,552	11,733,925	1%	20,115,300	20,002,748	1%
Union Pacific RR: Nevada & Tejon Crossing -design only	213	1,309,013	0%	2,244,023	2,243,810	0%
W. Fillmore over Unnamed Channel Bridge Replacement	1,994,890	1,551,34	129%	2,659,451	664,561	75%
W. Co. Ave. reconstruction: 31ST ST. TO US 24 Joint proj.	0	44,044	0%	75,504	75,504	0%
Woodmen Rd Improve.: Union Continuous Flow Intersection	6,088	132,579	5%	227,279	221,191	3%
Pikes Peak Greenway Corridor Improvements	139,923	1,156,930	12%	1,983,308	1,843,385	7%
Platte Ave. Corridor Improvement Study	8,450	11,164	76%	19,139	10,689	44%
Sinton Trail Corridor Improvements	0	303,830	0%	520,852	520,852	0%
Templeton Gap Trail Corridor Improvements	5,364	335,417	2%	575,000	569,636	1%
Citywide Capital
Citywide Intersection Improvement Ph. I	5,603,628	5,184,395	108%	8,887,534	3,283,906	62%
Citywide On-Street Bikeway Improvements-Ph. I	23,808	769,336	3%	1,318,862	1,295,054	2%
Citywide Ped Transportation Improvements-Ph. I	24,116	1,085,573	2%	1,860,983	1,836,867	1%
Citywide Roadway Safety, Traffic Ops, & Maint. Ph. I	7,739,299	12,089,016	64%	20,724,028	12,984,729	37%
Citywide School & Neighborhood Ped Improvements Ph. I	196,951	401,864	49%	688,910	491,959	29%
Citywide Congestion and Incident Mgmt. Signal Imp. Ph. I	214,528	716,261	30%	1,227,876	1,013,348	17%
Citywide Traffic Signal System Upgrade	0	351,324	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		3,100,999	0%	5,315,998	5,315,998	0%
Sidewalk/Bus stop program- Existing Routes		179,137	0%	307,092	307,092	0%
Vanpool Vehicle Replacement		0	#DIV/0!	0	0	#DIV/0!
	42,809,550	126,989,762	34%	217,696,734	174,887,184	20%
EL Paso County
Beacon Lite Road-Highway 105 to County Line Rd.	587,242	12,821,075	5%	21,978,986	21,391,744	3%
Deer Creek, Base Camp, Microscope Way (Emigrant Trail)	204,047	2,601,329	8%	4,459,421	4,255,374	5%
Eastonville Road-McLaughlin Rd. to Latigo Blvd.	138,420	9,886,442	1%	16,948,186	16,809,766	1%
Fontaine Blvd at Security Blvd At Widefield Rd	0	244,234	0%	418,686	418,686	0%
Highway 105: I25 to Highway 83	1,975,317	12,534,162	16%	21,487,135	19,511,818	9%
Main St. at Security Blvd.	0	0	#DIV/0!	0	0	#DIV/0!
Meridian/McLaughlin Roundabout	0	89,884	0%	154,086	154,086	0%
Mesa Ridge Parkway: Powers to Marksheffel	16,771	4,986,665	0%	8,548,569	8,531,798	0%
Monument Hill Road: County Line to Woodmoor	0	178,667	0%	306,286	306,286	0%
New Meridian/US-24	2,020	1,185	170%	2,032	12	99%
S. Academy Blvd-I-25 to Bradley Rd Ramps	13,590,847	34,530,104	39%	59,194,464	45,603,617	23%
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)		323,750	0%	555,000	555,000	0%
West Colorado Ave (Joint project)	0	1,910	0%	3,274	3,274	0%
	16,514,664	78,199,406	21%	134,056,125	117,541,461	12%
Town of Ramah
Ramah Street Overlay project		22,381	0%	38,368	38,368	0%
Total ‘renewal Capital “A” list funding	59,309,097	206,529,459	29%	354,050,501	294,741,404	17%
Total Capital Expenditures	59,192,242	206,539,863	29%	354,060,905	294,868,663	17%
Total Projects and Transportation expenses	94,268,863	247,570,681	38%	496,985,121	402,716,258	19%
Total Expenditures	94,650,156	248,827,821	38%	499,131,646	404,481,490	19%
Revenue Over/(Under) Expenditures	(6,411,836)	(168,108,051)	4%	(330,539,513)	(484,835,303)	2%
Beginning fund balance	0	330,597,475		330,597,475	330,597,475
Net Activity including prior year carryover	(6,411,836)	162,489,424	-4%	57,962	(154,237,828)
Reserves:
Reduction to Reserve	(21,870)	(21,870)	100%	(57,962)	(36,092)	38%
Net Reserve balance adjustment	(21,870)	(21,870)	100%	(57,962)	(36,092)	38%
Net Activity Less Reserve adjustment	($6,433,706)	$162,467,554	-4%	$0	($6,433,706)	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.