Key West Transit Development Plan FY2025-2034

9.2 Long-Term Operating and Capital Improvements

Table 9-6: Long-Term Plan (Unfunded): FY 2025-34 (cont.)

Long-Term Total

Cost/Revenue

2030

2031

2032

2033

2034

Parking Fine Fare Revenues

$8,833

$9,009

$9,189

$9,373

$9,561

$45,965

$436,112 $115,928 $18,500 $535,279

$444,834 $118,247

$453,731 $120,612 $18,500 $556,905

$462,805 $123,024

$472,062 $125,485 $18,500 $579,404

$2,269,544 $603,296

Advertising: Onboard and Bus Shelter Ads

Motor Fuel Tax Rebate

$18,500

$18,500

$92,500

Interlocal Agreements for LKS

$545,985

$568,043

$2,785,615

Misc. Revenues (Lease Agreement: We've Got the Keys) New Local Contribution & Private Partnerships (Potential KWIC revenue, tax dollars with the establishment of Multimodal MSTU, Tourist Development Bed Taxes, etc.) Capital Revenues Federal Section 5311 (Vehicles & Equipment Including Farebox Overall)

$39,653

$39,653

$39,653

$39,653

$39,653

$198,265

$541,216

$1,052,040

$1,073,081

$1,094,543

$1,116,434

$4,877,314

Total Operating Revenues $7,995,048 $8,653,786 $8,825,699 $9,001,050 $9,179,908 $43,655,492

$2,761,381

$2,816,608 $2,872,941

$2,930,399 $2,989,007

$14,370,336

Federal Section 5339

$78,831

$80,408

$82,016

$83,656

$85,330

$410,242

New Federal Grants for Capital Assistance (Low No, TOD, Bus & Bus Facilities)

$12,000,000 $12,000,000 $8,000,000 $32,000,000 Total Capital Revenues $14,840,212 $14,897,016 $10,954,957 $3,014,056 $3,074,337 $46,780,578 — —

10-Year Total

Total Operating and Capital Program Costs & Revenue Summary

Total Revenues

$22,835,261 $23,550,803 $19,780,656 $12,015,106 $12,254,245 $90,436,070 $29,829,588 $30,164,127 $26,368,909 $18,730,788 $19,099,903 $124,193,315

Total Costs

Revenues Minus Costs Rollover from Prev. Year

$(6,994,328) $(4,748,401)

$(6,613,324) $(11,742,729)

$(6,588,254)

$(6,715,682)

$(6,845,659)

$(33,757,246) $(91,451,477) $(125,208,723)

$(18,356,053) $(24,944,306) $(31,659,988)

Surplus/Shortfall $(11,742,729) $(18,356,053) $(24,944,306) $(31,659,988) $(38,505,647)

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Transit Development Plan FY 2025–2034