Transit Agency Status FY 2011 12 Current Financial

Transit Agency Status FY 2011 -12 �Current Financial Position �Current Operations �Service Statistics/Trends �Funding Statistics/Trends �Other Information/Assumptions �Capital Status Review 1

Current Financial Position: �Reserves Source Balance PTAF $0. 00 ASG $0. 00 BSG $0. 00 Section 1513 $23, 926 Local $0. 00 Other 2

Current Financial Position: �Level of Short-Term Debt/Loans—Identify each line of credit (excludes long-term bond financing) Name of Financial Institution Amount of Available Credit Interest Rate Current Credit in Use M&T Bank $3, 000 2. 5% $1, 600, 000 3

Current Financial Position: �Accounts Payable – Past due 90 days and over Vendor Amount Past Due Estimated Pay Date �Accounts Receivable – Past due 90 days and over Program/Agency Amount Past Due Date Requisitioned STEP, Inc. $19, 832 June – August 2011 Estimated Pay Date 4

Current Operations: �Staffing Level �Contract Provisions �Healthcare �Pension �Fuel �Fares �Other major factors producing cost increases above inflation �Cost Savings Initiatives 5

Organizational Chart Director of Administration / General Manager Director of Planning & Grants Administration / Special Projects Manager Office Manager Chief Financial Officer Coordinator of Sales and Customer / Staff Services Systems Team (3) Director of Contract / Public Services / General Manager Contract Services Manager Assistant GM WPA Admin. Assistant Public Works Captains House Manager Chief Enft. Officers Crew Chief Clerical Crew Cashiers Director of Transit Operations / Assistant General Manager Operations Manager Fleet Manager Info Center Manager Supervisors (3) Shop Foreman Info Center Attendants Drivers Mechanics Facilities Supervisor Contractors 6

Contract Provisions �Term of current union contract 1/1/2010 to 12/31/2014 Drivers Current 2012 -13 Starting wage $12. 94 $13. 27 Top wage $19. 94 $19. 95 Average wage $18. 68 $19. 14 1/1/2011 +2/5% 1/1/2012 +2. 5% Number- Full Time Number-Part Time Drivers 28 5 Mechanics 6 0 Dispatchers 0 0 Clerical 0 0 Other Positions (Identify) 0 0 Contract wage increase Job Classification Shop Foreman & Asst. Shop Foreman 7

Important Contract Provisions �Use of part-time employees Permitted by contract 185 hours of part-time work/week for operators and permitted by contract 2 part-time maintenance employees working more than 25 hours/week. �Number/percent of “split shift” drivers 25% �Overtime Paid 1 ½ times regular rate for all hours over 40 hours worked each week. �Outsourcing ADA Para-transit Service through STEP, Inc. Major component replacements/repairs and warranty work is outsourced to local heavy duty repair shop. RVT’s budgets 30% of the maintenance budget to be out sourced. �Other 8

Healthcare Basic Coverage Employee Contributions Co-Payment Union Non-Union Current $521. 70 (Individual) As of 1/1/12 $620. 80 $521. 70 (Individual) As of 1/1/12 $620. 80 FY 2012 -13 $620. 82 (Individual) Current None FY 2012 -13 None Current Tier 1 - $8; Tier 2 - $15; Tier 3 - $30 FY 2012 -13 Tier 1 - $8; Tier 2 - $15; Tier 3 - $30 � Describe any proposed changes and the estimated financial impacts. Exploring the possibility of joining a statewide consortium for health insurance. 9

Pension Union Non-Union Current 5. 5% FY 2012 -13 5. 5% Current Minimum Age to Qualify for Retirement FY 2012 -13 55/60 Minimum Number of Current Years to Qualify for FY 2012 -13 Retirement 12 12 Minimum Number of Current Years to be Vested FY 2012 -13 12 12 Employee Contributions 10

Pension: �Describe any proposed changes and the estimated financial impacts. RVT’s Employee Recruitment and Retention Plan (ERRP) is a tool RVT will utilize to retain and recruit employees that in the long-run will provide savings by reducing turnover expenses such as hiring, training, liability insurance, and system performance. �Provide a status of the degree to which the pension funding is funded. If not fully funded please provide your strategy to fully fund pension. RVT’s pension is fully funded. 11

Fuel: �Current Cost per Gallon $3. 163 (OPUS +Differential (0. 0258)) �Contract rate or market rate? Contract – State Contract DGS pricing �Terms of contract (if applicable) 1/1/2011 – 12/31/2011 State Contract DGS �Projected Cost per Gallon and Basis for Projection State OPUS + Differential �Contract rate or market rate? Contract Rate – State Contract DGS pricing �Terms of contract (if applicable) 1/1/2012 – 12/31/2012 State Contract DGS 12

Fixed Route Fares: Fare Type Date of Last Increase Current Amount Date of Planned Increase Amoun. Nt After Planned Increase Base Fare 5/2/2005 $2. 00 - - Transfers Eliminated 2/1/2002 N/A N/A Zone Fares Eliminated 2/1/2002 N/A N/A Other multi-ride tickets/passes (Add as appropriate) Day Pass 9/15/08 2 Ride Pass 9/15/08 7 Day Pass 8/1/11 10 Ride Pass 8/1/11 20 Ride Pass 8/1/11 31 Day Pass 8/1/11 $2. 50 $11. 00 $20. 00 $38. 00 4/1/2012 - $3. 00 - � Provide average fare: � Current Amount � Future Amount $1. 03 $ � Describe fare policy In line with RVT’s mission statement, RVT has a longstanding policy of providing high quality public transit service to the Williamsport urbanized area at the most affordable fares for its customers. As a result of management’s sustained emphasis on operating efficiency as well as safety, service reliability, and convenience, this high quality transit service is provided at a relatively low cost to both passengers and the local governmental jurisdictions that help support the system. Maintaining and increasing ridership while keeping fares at affordable levels in the face of escalating costs is an ongoing challenge. 13

Shared Ride Fares: � Date of Last Fare Increase - 5/2/2005 RVT and 5/1/2011 STEP RVT contracts out the required ADA paratransit service to the local shared ride provider STEP, Inc. RVT’s base fare was last increased on 5/2/2005 from $1. 50 to $2. 00 that made the “ADA Eligible” passenger fare $4. 00. STEP, Inc. fare was increased on 5/1/2011 from $15. 60 to $16. 60. � Current $16. 60/trip (ADA Eligible Clients pay $4. 00) � Average fare $16. 60/trip � Sponsorship arrangements - STEP charges RVT $16. 60/ADA eligible trip. STEP collects $4. 00 from the ADA eligible client and invoices RVT the balance of $12. 60. � Planned Changes � Date of planned increase - unknown � Estimated average fare – unknown � Sponsorship arrangements - unknown � Describe Fare Policy RVT contracts out the DR/PT service to STEP, Inc. on a contracted per trip basis of $16. 60. STEP collects $4. 00 (twice the RVT fixed route base fare) from the ADA eligible client when they board. STEP then invoice RVT the balance ($12. 60) of the trip on a monthly basis. This trip fee includes all associated administrative costs. 14

Other Major Factors Producing Cost Increases Beyond Inflation: Factors Current Amount Projected Future Amount Explanation Employee Recruitment and Retention Plan $0 $200, 000 RVT’s Employee Recruitment and Retention Plan (ERRP) is a tool RVT will utilize to retain and recruit employees that in the long-run will provide savings by reducing turnover expenses such as hiring, training, liability insurance, and system performance. Garage & Office Facility Expansion Project $35, 000 $45, 000 RVT’s Garage & Office Complex has doubled in size as a result of the recent renovation and expansion project, which resulted in an increase in utility costs. ADA Paratransit Service $15, 000 $25, 000 STEP, Inc. discontinuing weeknight service after 6 p. m. and all day Saturday as of 1/1/2012. This will increase RVT’s cost associated with paratransit service because RVT will now have to provide this ADA paratransit service utilizing RVT unionized operators. 15

Cost Savings Initiatives: Initiative Current Cost Planned Action and Implementation Date Projected Savings CNG Fueling Station Project $0 CNG Fueling Station under development with an anticipated completion date of September 2012. $100, 000+/yr Safety & Awards Program $25, 000 The safety and awards program is designed to achieve safety goals through employee recognition and increased job satisfaction and performance. $100, 000/yr RVT’s overall strategy for maintaining financial viability consists of the following principles: � � � Holding the line on costs wherever possible, Seeking ways to attract additional ridership and enhance earned revenue rent, parking, fueling, etc. Leveraging state and federal funds to the greatest extent, including Welfare-to-Work funding, Raising fares very carefully so as to minimize ridership disruption, and, Increasing the local commitment to preserve high quality public transportation in RVT’s service area. 16

Fixed Route Funding FY 2010 -11 FY FY 2012 - FY 2013 FY 20142011 -12 13 -14 15 Total Operating Expenses 5, 000, 172 5, 396, 961 5, 779, 819 5, 991, 772 6, 213, 553 Total Operating Revenue 952, 748 1, 004, 500 1, 048, 250 1, 094, 188 1, 142, 422 4, 047, 424 4, 392, 461 4, 731, 569 4, 897, 584 5, 071, 131 497, 860 848, 185 State 3, 097, 748 3, 192, 434 3, 596, 042 3, 747, 690 3, 906, 152 Local 260, 530 273, 659 287, 342 301, 709 316, 794 3, 856, 138 4, 314, 278 4, 731, 569 4, 897, 584 5, 071, 131 191, 286 78, 183 0 0 0 Total Operating Deficit Subsidies: Federal Total Funding *see page 21 – used carryover funds 17

Fixed Route Service Statistics/Trends: Fixed Route FY 2010 -11 FY 2011 -12 FY 2012 -13 FY 2013 -14 FY 2014 -15 Rev. Veh. Miles 826, 601 830, 000 835, 000 839, 000 843, 000 Rev. Veh. Hours 53, 516 53, 800 54, 000 54, 300 54, 500 Passenger Trips 1, 335, 921 1, 370, 000 1, 400, 000 1, 430, 000 1, 460, 000 Pass. Trips/Hour 24. 96 25. 46 25. 93 26. 34 26. 79 Op. Cost/Hour $93. 43 $100. 32 $102. 77 $105. 24 $107. 97 Op. Rev. /Hour $17. 80 $18. 67 $19. 72 $20. 99 $21. 83 Op. Cost/Trip $3. 74 $3. 96 $4. 00 $4. 03 Describe Any Proposed Changes � ACT 44 PERF. MEASURES � Describe Any Proposed Changes 18

Shared Ride Funding FY FY 2011 - FY 2012 FY FY 2014 2010 -11 12 -13 2013 -14 -15 Operating Expense $22, 226 $25, 520 $25, 781 $25, 872 $25, 966 Passenger Revenue $5, 132 $8, 000 $8, 400 $8, 820 $9, 261 Lottery $0 $0 $0 MATP $0 $0 $0 Other $0 $0 $0 $17, 094 $17, 520 $17, 381 $17, 052 $16, 705 Balance 19

Shared Ride Statistics/Trends Shared-Ride FY 2010 -11 FY 2011 -12 FY 2012 -13 FY 2013 -14 FY 2014 -15 Total Veh. Miles 11, 377 12, 000 13, 000 14, 000 15, 000 Cost per Mile $1. 78 $2. 92 $3. 46 $3. 36 $3. 27 Total Veh. Hours 559 625 650 670 690 Cost per Hour $36. 15 $56. 00 $69. 23 $70. 15 $71. 01 Total Pass. Trips 1, 283 1, 400 1, 500 Cost per Trip $15. 75 $25. 00 $30. 00 $31. 33 $32. 67 Rev. per Trip $4. 00 Trips per Hour 2. 30 2. 24 2. 31 2. 24 2. 17 20

Other Information/Assumptions: �Fixed-Route COA proposed budgets for 2011 and 2012 allocates $191, 286 and $78, 183 respectively in carryover funds. The 2011 audit allocates $310, 831 in carryover funds leaving a balance of $23, 926 for FY 2012 �Shared Ride STEP, Inc. will be discontinuing weekday service after 6: 00 pm and all day Saturday; therefore, RVT will now have to provide this ADA paratransit service utilizing RVT unionized operators which will increase RVT’s shared ride expenses. 21

Capital Status Review �Fixed-Route Garage & Office Facility Project 98% Project is in final close out phase. Church Street Transportation Center Project 95% Project nearly complete the only outstanding item is with the opening/operation of the elevator and miscellaneous close out items. Purchase of Six Hybrid Replacement Buses 50% RVT received 3 hybrid buses in March 2011 and it is anticipated that the remaining 3 hybrid buses will arrive in January 2012. Trade & Transit Centre/Residential Development Project is in the schematic design review phase. Still seeking additional federal and state funding. RVT and the design team of L. Robert Kimball, Reynolds Construction Management, and LCL Advisors continue to work with a developer on the residential development component. A demolition bid package has been developed. CNG Fueling Station & Purchase of CNG Buses RVT has preliminary design plans. RVT received $3. 5 M federal grant and $400, 000 DEP grant. �Shared Ride No Capital Projects Planned 22