HomeMy WebLinkAboutEGD-10-03
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CI[[mgton
REPORT
ENGINEERING SERVICES
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
Report #:
EGD-10-03
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File #: TR.20 .13
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By-law #:
Date:
February 24, 2003
Subject:
CLARINGTON TRANSIT FINANCIAL RESULTS FOR YEAR END 2002
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report EGD-10-03 be received for information.
Submitted by:
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Director of Engineering Services
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Franklin Wu
Chief Administrative Officer
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February 13, 2003
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L 1C 3A6 T 905-623-3379 F 905-623-9282
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REPORT NO.: EGD.10-D3
PAGE 2
1.0 BACKGROUND
The Clarington Transit system began revenue service as of September 2, 2002. The
purpose of this report is to provide Council with an overview of the first four months of
operation, from September 2, 2002 to December 31, 2002, to give you a sense of how
the service is performing so far. The Director of Finance concurs with the financial
information provided within the report. From this time forward, Clarington Transit will
provide Council with regular updates as to how the system is performing.
2.0 INPUT FROM OTHER SOURCES
We have received monthly ridership data from the Oshawa Transit Commission.
3.0 ANALYSIS
In our report to Council (Report EGD-12-02) of March 4, 2002, we advised that to be
considered successful, a new transit operation should recover approximately 30% of the
operating expenses from ridership fares in the first year of operation. To get a sense of
how our transit system is performing we have analyzed the expenditures for the first four
months of operation, less one time initial start up costs, annual costs that should be pro-
rated by month and capital expenditures included in operating costs, and have
determined the monthly operating costs for the system. Based on these adjusted figures
we have concluded that the system is recovering approximately 34% of its operating
expenses, which is higher than our initial target of 30%, even within the first four months
of operation.
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REPORT NO.: EGD-10-D3
PAGE 3
4.0 RIDERSHIP
September October November December
2002 2002 2002 2002
Total Adult 2,702 3,462 2,495 2,411
Ridership
Total Student 6,574 8,003 6,836 5,224
Ridership
Total Sr.lChild 540 740 567 716
Ridership
Total Monthly 9,816 12,205 9,898 8,773
Ridership
Average Daily 409 469 395 365
Ridership based on 24 based on 26 based on 25 base on 24
service days service days service days service days, 1
and 1 stat and one P.A. P.A. Day, two
holiday day stat holidays
and 7 school
holidavs
Total Transfers 453 518 432 402
5.0 CONCLUSION
After a review of both the financial and ridership data for the Clarington Transit Service to
year end 2002, we are pleased with the progress that the system is making and with the
fact that transit revenues have gone beyond our targeted expectations. We believe,
based on the performance of the system to date, that our revenues and ridership
numbers will continue to steadily increase. In the coming months we will be working
with Oshawa Transit to develop a focused transit marketing plan designed specifically to
increase ridership. As our experience grows and with the support of the community we
believe that Clarington Transit will continue to improve and expand into the service we
envisioned it would be.
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