HomeMy WebLinkAboutSan Mateo County Transit District - Public Financial Report
Popular Annual Financial Report
Fiscal Year Ended June 30, 2021
{Letter to the community}
Content
3 What is The District?
4 Governance
5 Services
6 Major Initiatives
8 Financial Performance
11 Looking Ahead
November 22, 2021
We are pleased to present the Popular Annual Financial Report (PAFR) of the San Mateo County Transit District (District)
for the Fiscal Year July 1, 2020 through June 30, 2021. The PAFR provides a summary of the District’s finances, services,
achievements, and economic prospects for readers without a technical background in accounting or finance. Readers
desiring a more detailed discussion of the District's financial results may refer to the Annual Comprehensive Financial
Report.
It is important to note that the District administers various activities on behalf of other agencies: the Peninsula Corridor
Joint Powers Board (which operates Caltrain), the San Mateo County Transportation Authority (which administers the
Expenditure Plan funded by a half-cent transportation sales tax), and the San Mateo County Express Lanes Joint Powers
Authority. These agencies have their own separate corporate identity and governance, and they are not component units
of the District. Therefore, this report represents solely the activities, transactions, and status of the District.
While the District has made substantial progress over the past few years in improving its financial standing, the COVID-19
Pandemic disrupted many of the trends established in prior years. Despite these challenges the District ended Fiscal Year
2021 on improved financial standing, compared to the end of Fiscal Year 2020. This accomplishment was made possible
due to increases in federal assistance programs and sales tax revenue. These increases in revenue outpaced the expenses.
Revenues have made an expansive list of projects and programs possible. This report highlights what we have
accomplished and where we hope to go in the coming years.
Sincerely,
Carter Mau Derek Hansel
Acting General Manager/ Chief Financial Officer/
Chief Executive Officer Acting Chief Administrative Officer
What is The District?
The District is an independent political subdivision of the State of California, formed by the California
State Legislature on August 14, 1974 and approved by San Mateo county voters in the general election
that followed.
The overall purpose of the District is to plan, develop, finance and operate a modern, coordinated
system of transportation that meets local mobility demands and promotes sound growth and economic
development for the region.
The District provides bus transit services
throughout San Mateo County, north into
downtown San Francisco, and south to Palo Alto
in Santa Clara County. It also operates a
paratransit service and funds shuttles,
connecting rail stations to employment centers.
The District provides administrative and staff
services for San Mateo County Transportation
Authority (SMCTA) and serves as a managing
agency for SMCTA. District staff manages the
funds collected through Measures A and W
ordinances, and allocates the funds according to
the Measure A and W Transportation
Expenditure plans.
The District (as a managing agency for SMCTA) also provides staff support to the San Mateo County
Express Lane Joint Powers Authority (SMCELJPA). The SMCELJPA is a joint powers authority
between the City/County Association of Governments of San Mateo County (C/CAG) and SMCTA. The
SMCELJPA was formed to own, manage, and operate the San Mateo County U.S. 101 Express Lanes
Project. This project includes (i) the conversion of the existing High Occupancy Vehicle ("HOV") lanes
into express lanes from the northern terminus of the Santa Clara County express lanes to the Whipple
Road Interchange and (ii) the construction of new express lanes from Whipple Road to north of I-380 in
San Mateo County.
The District partners in a three-agency joint powers authority that owns and operates Caltrain, a highly
successful commuter rail service between San Francisco and Silicon Valley.
In addition, this system works cohesively with other transportation services in the San Francisco Bay
Area. No other organization within San Mateo County has a similar scope of responsibility for public
transportation.
Who does the District serve?
We offer a wide array of services to reach the diverse
transportation needs of our residents. Although the primary
beneficiaries of our services are the residents of San Mateo
County, our services reach residents as far north as San
Francisco and as far south as Gilroy. Customers range from
school children to working professionals.
Governance
2021 Board of Directors
The nine members of the Board of Directors meet monthly to determine overall policy for the District.
The Board of Directors consist of a publicly-elected County Board of Supervisors who appoints two of
its own members and an individual with transportation expertise to the District Board. The mayors of
the cities throughout the county appoint three elected city officials. These six members then select the
remaining three board members from the general public.
Marina Fraser – Public Member - Coastside
Jeff Gee – Southern Judicial Cities
Carole Groom – Board of Supervisors
Rose Guilbault – Public Member Rico E. Medina – Northern Judicial Cities Dave Pine – Board of Supervisors Josh Powell – Public Member
2021 Citizens Advisory Committee
A 15-member Citizens Advisory Committee supports the
board by articulating the interests and needs of current and
future customers.
John Baker (Chair) Scott Johnston (Vice Chair)
Mary Adler Bob Gomez
Steve Appenrodt Alex Madrid
Allie Juarez
Michelle Lewis
Nancy Lacsamana
Meredith Park Iris Chan Bianca Randall
Vice Chair, Peter Ratto
Board of Supervisors –
Transportation Expert
Chair, Charles Stone
Central Judicial Cities
San Mateo County at a Glance
Year Population Per Capita Income
Avg. Unemployment Rate 2020 773,244 $123,926 10.8% 2019 774,485 $120,317 2.2%
Services
COVID-19 continues to disrupt daily life, but we kept moving people. The District designs its bus services
to meet the needs of San Mateo County residents, workers and visitors. Many bus routes make
connections to Caltrain, BART, and the San Francisco International Airport. The district also provides
accessible transportation services throughout San Mateo County with fixed-route, Redi-Wheels and
RediCoast Services.
SamTrans
SamTrans operated 71 routes spanning from
San Francisco to Santa Clara.
On Time Performance for the year was 85.7%,
surpassing the goal of 85%.
Sam Trams experienced 4.6 million in bus
ridership & 121,394 in paratransit ridership.
Caltrain
Caltrain is a fixed guideway commuter rail system serving San
Francisco, San Mateo and Santa Clara counties that spans 77 miles
and includes 31 stations.
Ridership declined from 13.8 million in 2020 to 1.3 million* which
equates to 29 million passenger miles.
On Time Performance for the year reached 93.5%.
More information about Caltrain can be found at their website.
*The Caltrain 2020 annual count was postponed due to impacts from COVID. Ridership is
derived from a combination of ticket sales and periodic boarding counts.
4,000
8,000
12,000
16,000
FY 2011 FY 2013 FY 2015 FY 2017 FY 2019 FY 2021
Ridership in Thousands
Major Initiatives
W Reimagine SamTrans
In July 2019, SamTrans launched Reimagine
SamTrans, a Comprehensive Operational Analysis (COA). COAs are in-depth studies that analyze transit agency services. Reimagine SamTrans will pinpoint the strengths and challenges in the current system while using
data and public input to identify ways to improve SamTrans service. Reimagine SamTrans Goals:
1.Improve the experience for existing SamTrans customers 2.Grow new and more frequent ridership on SamTrans
3.Build SamTrans’ efficiency and
effectiveness as a mobility provider
Visit Reimagine SamTrans to learn more.
1.
2.
3.
Zero Emission Buses
2019 marked the beginning of SamTrans’ zero
emissions future, as two battery electric buses (BEB)
started service. The Board of Directors approved the
Innovative Clean Transit Plan (ICT) that outlines the
agency’s strategy for zero emission transportation for
2038. The ICT plan achieves advance compliance with
the State’s intended 2040 goal through infrastructure
investments and a full fleet replacement.
All new buses have a low floor design that allows
ramps instead of lifts for disabled passengers and
provides USB charging ports and Wi-Fi on-board.
More information on what SamTrans’ sustainabilitiy initiatives can be found on the SamTrans website.
Caltrain Electrification
Caltrain electrification is a key component of the
Caltrain Modernization (CalMod) Program and will
electrify the corridor from San Francisco’s 4th and
King Caltrain Station to the Tamien Caltrain Station.
Electrification improvements include converting
diesel-hauled trains to electric trains, increase
service to six trains per peak hour per direction, and
maintain operating speed up to 79 mph.
More information on this project can be found
on the CalMod website.
101 Express Lane Project
Existing carpool lanes will be converted to express lanes
between the San Mateo/Santa Clara County line and
Whipple Avenue (blue solid line) and new express lanes
will be constructed between Whipple Avenue and I-380
(red striped line).
This will result in 22 miles of express lanes in each
direction of U.S. 101.
More information about this project can be found
on the Caltrans website.
Measure A
First approved in 1988, Measure A is a half-cent
sales tax dedicated towards transportation facilities,
services, and programs. In 2004, voters reauthorized
Measure A to run until December 31, 2033. The
Measure A Transportation Expenditure Plan
identifies six primary categories for investment:
Measure W
Approved by voters in 2018, Measure W generates
additional funds from another half-cent sales tax
authorized for a period of 30 years beginning July
2019. 50% of revenues support SamTrans with
the remaining 50% directed to the 5 investment
categories of the SMTA Congestion Relief Plan:
More information about Measure W & A can be found on the Transportation Authority website.
Financial Performance
Revenues
The District recorded a sharp increase in revenues from the
prior year, fueled mainly by changes in nonoperating revenues
described below.
OPERATING REVENUES generated from passenger fares of
$5.6 million decreased by 52.0% during Fiscal
Year 2021 compared to Fiscal Year 2020.
The decrease was a result of decline in
ridership due to the impact of COVID-19
pandemic.
NONOPERATING REVENUES increased by 16.0% to $263.9 million. The increase was mainly due
to increases in operating assistance. Operating assistance of $250.5 million accounted
for the majority of Fiscal Year 2021 nonoperating revenues.
The largest portion of this increase is attributable to operating assistance from
Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Coronavirus
Response and Relief Supplemental Appropriations Act (CRRSA).
$250.5 million
Percent Increase 2020 to 2021
$269.5 million
Sales Tax 56%
Local Transportation Fund16%
Other5%
Federal CARES Act17%
Federal CRRSAA Act6%
Operating Assistance by Source
Operating Assistance93%
Other Income5%
Passenger Fares2%
2021 Revenues
Operating80%
Depreciation 11%
Interest4%
Caltrain5%
2021 Expenses
Expenses
Overall expenses for the District fell for Fiscal Year
2021.
NONOPERATING EXPENSES were $16.1 million, a
decrease of 3.5% compared to Fiscal Year 2020. The
District paid the Joint Powers Board
$8.8 million for its contribution toward
the Caltrain rail service operation.
OPERATING EXPENSES (excluding depreciation)
were $146.2 million, a decrease of 9.0% compared to
Fiscal Year 2020.
The increase was mainly due to a
decrease in salaries and benefits and
contract operation and other services.
In Fiscal Year 2021 The district had
677.6 Full Time Equivalents.
$182.9 million
Salaries & benefits48%
Contract operations & maintenance services26%
Other services7%
Materials & supplies5%
Provisions for claims & adjustments7%
Miscellaneous7%
Operating Expense Detail
$146.2 million
Executive4
Planning and Development7 Customer Service and Marketing28
Finance and Administration96
Operations, Engineering, and Construction542
Full Time Equivalents by Division
Capital Assets
The District received capital contributions of
$6.1 million in Fiscal Year 2021, which was a
decrease of $43.4 million or 87.7% in Fiscal
Year 2021 compared to Fiscal Year 2020.
The following is a summary of the District’s
major capital expenditures for Fiscal Year.
• $3.2 million: Purchase of revenue
vehicles
• $4.2 million: Maintenance and
administrative facilities and equipment
• $0.8 million: Replacement of bus parts
in accordance with FTA guidelines
• $0.4 million: Communication
information system
• $2.2 million: Capital project
development, and others
Net Position
The District’s total net position increased by $92.7 million in the Fiscal Year 2021. This increase is
larger than any one-year increase over the past ten years.
The increase in the Fiscal Year 2021 was mainly due to increases of $55.1 million in federal operating
assistance and $4.6 million in sales tax revenues.
0
40
80
120
160
200
240
280
FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
In
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10-Year History of Net Position
$171.9 million
Buildings*8%Construction in progress4%
Shelters, fencing, & signs4%
Land 33%
Buses, vehicles, & equipment51%
2021 Capital Asset Balance
Looking Ahead
The Fiscal Year 2022 Operating Budget
consists of $263.1 million and $199.4 million in
revenues and expenditures, respectively.
Passenger fares for both Motor Bus and ADA
services are projected to be $8.2 million. Local,
State, and Federal funds are projected to
decrease to $67.0 million due to CARES ACT
Funds, Transportation Development Act and
State Transportation Assistance and
Transportation Authority Measure A and
partially offset by anticipated increase in
Operating grants. The District’s half-cent sales
tax receipts are budgeted to be $96.5 million.
Measure W sales tax receipts are budgeted to
be $48.2 million. Out of the $199.4 million
projected operating costs, $144.2 million are
budgeted for the Motor Bus program, $17.9
million for the ADA program, and $2.8 million
for the Multi-Modal program.
The $41.1 million Capital Budget contains
projects that were reviewed and prioritized
consistent with District policy directives and
key Strategic Plan Initiatives. Major projects
being undertaken in Fiscal Year 2022 include
replacement of the following revenue vehicles:
twenty one (21) Paratransit Vehicles ($3.5
million), ten (10) 2017 Redi-Wheels Minivans
($0.9 million), and one hundred thirty five (135)
2009 heavy duty diesel buses ($29.2 million).
In addition, SamTrans is maintaining state of
good repair for District’s facilities ($0.9 million),
initiating Engineering and Design for North
Base Building 200 ($0.6 million), installing LED
lighting and fixtures at North Base and South
Base Facilities ($1.8 million), installing
charging stations for electric Non-Revenue
Vehicles ($0.6 million), and initiating
Engineering and Design for Facility
Infrastructure Upgrades for ICT ($2.0 million).
For full detail please see the Adopted Fiscal
Year 2022 Budget.
Questions about the San Mateo County Transit District can be directed to the
Administrative Offices at 650-508-6200