June 2020 Board Report of Selected Financial & Operating Performance Results

2020·0.33 MB·English

by  SEPTA

Roard Report

Selected Financial and Operating
Performance Results
Tune 2020

Southeastern Pennsylvania Transportation Authority
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tern Pennsylvania Transportation Authority

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SEPTA

veep

71234 Market Sireet- 10th Flor - Philadephia, PA 19107-3760
Office (15) 580-7588

Date: uly27, 2020
Fou SEPTA Board Members

From: Leslie S, Richards

Re: Tinancial& Operating Highlights Fiscal Year 2020,

|1am pleased to present the Hnancial and Operating Highlights for Hscal Year 2020.

OPERATING REVENUE
Passenger revenue for Flcal Year 2020 was 25.2% lower than budget and 23.7% below
‘the prlar year. Systern-wide, SEPTA recarded 223.5 millan unlinked passenger trips during the
year which is 23.7% below the reported trips in Fiscal Year 2019. Passenger Revenue and
passenger trips for the fiscal year were lower than budget due te the COVID-19 pandemic,

OPERATING EXPENSES

‘Total operating expenses for Fiscal Year 2020 were 3.49% lower than hudget and 0.6%
lower the prior year. Labor and Fringe axpenses far the twelve-month period were 5.5% below
budget. With the reccipt of federal CARES Act funding, there was a year-end surplus after
subsidies of $268 thousand. SEPTA has recorded twenty-one consecutive yeats of balanced
budgets

SEPTA LAUNCHES COVID-19 TESTING PROGRAM

In June, SEPTA launched a partnership with the Black Doctors COVID-19 Consortium
(8DCC} to provide COVID-19 testing for employees. The BDCC is a valuntzer group of local
‘loctors, nurses and other medical professionals thathas been providing free COVID-19 tests to
‘communities in need throughout the COVID-18 pandemic. The partnership with SEPTA allows
the BDCC to devote additional resources to testing in communities that SEPIA serves. lasting,
‘which is free for SEPTA employees, is being conducted twice a week at major SEPTA employee
hubs, "The BDC has heen instrumental in helping our communities throughout the COVID-13
pandemic," said SEPTA Board Vice Chairman Kenneth &. Lawrence Jr "if we can make this
<rtleal testing avallale to aur employees while supporting the Coneortlum’s efforts to expand
testingin our communities, thats truly awin-win." Dr. Ala Stanford of the Black Doctors COVID-
29 Consortium added: "This agreement will deliver critical services ta hath SEPTA employees
and our communities as we tight the COVID-19 pandemic.
Page two ~ tune 2020

SEPT A ANNOUNCES FACE-COVERING REQUIREMENT

InJune, SEPTA started requiring all customersto wear a face covering, aspart afte effort
tohelp control the spread of COVID-19. The face-covering requirement is consistent with policies
put into place by the Commonwealth, the City of Philadeiphta and local businesses. SEPTA
employees have been engaging customers to remind them about the requirement. SEPTA Is
stressing that the policy does not require customers to purchase masks. Customers can use any
lype of cloth material Lhal eovers the moulli and nose, such as a bandana, Face coverings can
also be made using items people have in thelr homes, such as an ald shirt. Outreach and
education efforts will continue moving forward as more riders return to the system.
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