REGIONAL BUS TRANSPORTATION IN SOUTHEASTERN MICHIGAN-VOLUME II: OPERATING PLAN AND ESTIMATED FINANCIAL RESULTS OF UNIFIED SYSTEMS

THIS REPORT CONTAINS A GENERAL DESCRIPTION OF AN OPERATING PLAN FOR THE SOUTHEASTERN REGIONAL BUS TRANSPORTATION SYSTEM, UNDER SOUTHEASTERN MICHIGAN TRANSPORTATION AUTHORITY OWNERSHIP AND OPERATION, OVER THE PERIOD 1970-1980. ESTIMATES OF THE CAPITAL REQUIREMENTS OF THE AUTHORITY ARE PRESENTED AND INCLUDE: (1) THE INITIAL CAPITAL REQUIREMENTS FOR PLANT AND EQUIPMENT, EXCLUSIVE OF THE AMOUNT NEEDED TO ACQUIRE THE UNDERLYING SYSTEMS; (2) RECURRING REQUIREMENTS, UPON WHICH AN ORDERLY ANNUAL PROGRAM FOR RENEWAL OR REPLACEMENT OF PLANT AND EQUIPMENT CAN BE BASED; AND (3) ESTIMATES OF ANNUAL MAINTENANCE AND OPERATING EXPENSE. THE COST OF THE ANNUAL REPLACEMENT PROGRAM HAS BEEN COMBINED WITH ANNUAL MAINTENANCE AND OPERATION EXPENSE TO ARRIVE AT THE ESTIMATES OF THE AUTHORITY'S ANNUAL FINANCIAL REQUIREMENTS. THE FARE STRUCTURE HAS BEEN CALCULATED TO MEET THESE REQUIREMENTS, ASSUMING THAT FUTURE PASSENGER VOLUMES ARE AT LEAST EQUAL TO THE CURRENT LEVEL OF PATRONAGE. THE CURRENT AVERAGE FARE PER REVENUE PASSENGER ON SCHEDULED ROUTES IS APPROXIMATELY 30.5 CENTS. IN ORDER TO MEET THE ANNUAL CASH REQUIREMENT IN THE YEAR 1980 FROM THE FAREBOX, THE AVERAGE FARE WOULD HAVE TO BE 48.64 CENTS. THIS IS AN INCREASE OVER THE 11-YEAR PERIOD OF APPROXIMATELY 56 PERCENT. /UMTA/

  • Supplemental Notes:
    • PROJ NO MICH-T9-1
  • Corporate Authors:

    Coverdale and Colpitts

    140 Broadway
    New York, NY  United States  10005
  • Publication Date: 1969-12

Subject/Index Terms

Filing Info

  • Accession Number: 00239498
  • Record Type: Publication
  • Source Agency: Urban Mass Transportation Administration
  • Files: TRIS, USDOT
  • Created Date: Jan 3 1973 12:00AM