Saga Communications, Inc. · NASDAQ:SGA
Saga Communications — Investor Presentation (April 2024)
15 slides from Saga Communications's investor presentation, Apr 11, 2024
Slide 1: Gainesville Regional Transit System - University of Florida Partnership
2024-346B Gainesville Regional Transit System - University of Florida Partnership PRESENTED BY: CYNTHIA W. CURRY, CITY MANAGER Andrew Persons, Chief Operating Officer Jesus Gomez, Transportation Director APRIL 11, 2024
Slide 2: Agenda
City of Gainesville TRANSPORTATION AGENDA * RTS Background * University of Florida Partnership * How is RTS Funded? * University of Florida Proposal * Impact of University of Florida Proposal
Slide 3: Regional Transit System Background
Regional Transit System Background * Started as a County entity in 1974 * Became a City entity in 1981 * Managed by 266 community builders * 102 buses provide service to 39 routes throughout Gainesville * Over the Past 25 years... * RTS has served over 200 million passengers * Traveled almost 78 mil
Slide 4: Background
Background In 1995 the State of Florida mandated that all state Universities were to identify future growth of campuses; assess the impact of growth on communities; and develop mitigation plans to compensate and upgrade transportation facilities. * During the development of the master plan it became
Slide 5: Current RTS Base
Current RTS Base Service Routes Includes 19 routes paid for by: 1. City of Gainesville 2. Alachua County 3. Santa Fe College 4.Grant Funding ie) Gainesville City Limits sauces Es, HERE \Garmn rte neenentP Crp, G=B50,TSGS, RO, PS RAT Openstreetiap controuiors, and the GIS User Community
Slide 6: RTS Spring 2024
RTS Spring 2024 Service Routes Includes 39 routes paid for by: 1. City of Gainesville 2. Alachua County 3. Santa Fe College 4.Grant Funding 5. University of Florida (includes five dedicated on-campus routes)
Slide 7: How is RTS Funded?
How is RTS Funded? * RTS uses a cost allocation financial model to provide a consistent methodology for determining the agency’s operating expenses. * The latest study, conducted in 2021 by Tindale Oliver on behalf of FDOT, was used to develop the FY 2024 budget. * The study resulted in two cost all
Slide 8: Route Description Downtown Station – Butler Plaza
# of Total System Base UF-Only Route Description Buses Hours Cost Hours Cost Hours Cost 1 Downtown Station – Butler Plaza 3 13,114 $ 1,101,579 4,851 $ 407,500 8,263 $ 694,079 3 Downtown Station – N Main Post Office 1 3,701 $ 310,865 3,701 $ 310,865 - $ - 5 Oaks Mall – Downtown Station 3 12,567 $ 1,0
Slide 9: UF Proposal for Balance of FY24 and FY25
UF Proposal for Balance of FY24 and FY25 Current State Proposed Changes Contract ends on June 30, 2024 Contract historically in place for 3-year terms with service rate negotiations every year Current budget: $13,705,715 for FY 2024 Number of Service Hours: 256,990 Number of Routes: 39 January 2024
Slide 10: Proposed route hours and costs by route
# of Total System Base Proposed UF-Only (Est.) Route Description Buses Hours Cost Hours Cost Hours Cost 1 Downtown Station – Butler Plaza 2 9,586 $ 872,343 4,851 $ 441,458 4,735 $ 430,885 3 Downtown Station – N Main Post Office 1 3,701 $ 336,770 3,701 $ 336,770 0 $ - 5 Oaks Mall – Downtown Station 2
Slide 11: Analysis of UF Contract
Analysis of UF Contract FY24 Adopted Budget: Total _ Service Hours Per Hour : Full Allocation: $ 35,623,937 256,990 $ 138.62 * The UF contract rate is 39.4% lower . . than the full cost allocation which Marginal Allocation: $ 21,669,386 256,990 $ 84.32 includes operating and capital Negotiated Rate:
Slide 12: Impacts of UF Proposal
Impacts of UF Proposal Deviates from current RTS financial model supported by FDOT Eliminates 52+ RTS positions Reduces 80,000+ hours of service (31.5% of total hours) and services end earlier (10 PM) Eliminates 11 Routes (Routes 17, 25, 28, 34, 46, 118, 122, 125, 126, 127 and 150) Reduces fleet siz
Slide 13: Impact on Routes
Impact on Routes Eliminates: * 11 Routes * Includes * All 5 UF on campus routes * UF to Airport route * UF to Haile route 17 25 28 34 4G L8 122 125 126 127 150 EEREKEREL EE lannon Wood 13
Slide 14: Impact on Service
Impact on Service Hours and Buses Eliminates: * 11 Routes: 17, 25, 28, 34, 46, 118, 122, 125, 126, 127 and 150) * Number of buses on the road: 8 buses on City routes and 12 buses on campus routes * Reduces service on 11 routes: 1, 5, 8, 9, 12, 16, 20, 21, 33, 35, 38 * Shorter service hours (10 PM) 1
Slide 15: Thank You.
Thank You.
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