For those interested in such things, the revised final version of the FY 2012 Budget and Comprehensive Business Plan has been posted on Amtrak's website. The budget was revised in January to reflect the FY12 funding provided by Congress in the November deal. The official FY11 Annual Report is also up on the Reports and Documents page, by the way.
Lots of interesting items and tidbits in the FY12 budget document. Some of them:
- The budget goal for net operating loss is $345 million, $121 million less than the $466 million Operating Grant appropriated by Congress for FY12. The net loss for FY11 was $457 million, hence the staffing cuts and getting rather aggressive on ticket prices. The $121 million difference from the Operating Grant will be applied to capital expenditures.
- Total amount provided by Congress for FY12 is $1.409 billion, with $607 million for capital project expenditures.
- A total of 174 employees applied for the Voluntary Separation Incentive Program (VSIP) and the company accepted 161 of the applications.
- The only major new additional equipment purchased planned for FY12 is the purchase of the 40 Acela coach cars. The 130 corridor bi-levels are being brought by the states, so they are not plan of Amtrak's budget.
- the $62.6 million in payments for the 130 CAF Viewliner IIs will be funded by internal revenue.
- The FY2012 update to the Fleet Strategy Plan is planned to be released in February 2012.
- There is $13.7 million budgeted for the launch of WiFi "systemwide".
- assuming the $134 million Early Buyout Option (funded by US Treasury due to the 2008 PRIIA act) was exercised on January 31, 2012 for Trust 98C, Amtrak now owns 107 Superliners outright with no more lease payments. The Early Buyout for the 50 Viewliners of $44 million is due on July 2, 2012.
- Plan is to cut company total employee head-count from 20,076 at end of FY11 to 19,552 by end of FY12.
- Budget goal is a total ridership of 31.38 million, up from the 30.18 million in FY11 for a 4% increase. May be tough to meet that with the increase in ticket prices. On the other hand, if the national average gas price hits $4/gallon by next summer, ridership will be going up. Table on page 97 shows their projections for each train service.
Lots of interesting items and tidbits in the FY12 budget document. Some of them:
- The budget goal for net operating loss is $345 million, $121 million less than the $466 million Operating Grant appropriated by Congress for FY12. The net loss for FY11 was $457 million, hence the staffing cuts and getting rather aggressive on ticket prices. The $121 million difference from the Operating Grant will be applied to capital expenditures.
- Total amount provided by Congress for FY12 is $1.409 billion, with $607 million for capital project expenditures.
- A total of 174 employees applied for the Voluntary Separation Incentive Program (VSIP) and the company accepted 161 of the applications.
- The only major new additional equipment purchased planned for FY12 is the purchase of the 40 Acela coach cars. The 130 corridor bi-levels are being brought by the states, so they are not plan of Amtrak's budget.
- the $62.6 million in payments for the 130 CAF Viewliner IIs will be funded by internal revenue.
- The FY2012 update to the Fleet Strategy Plan is planned to be released in February 2012.
- There is $13.7 million budgeted for the launch of WiFi "systemwide".
- assuming the $134 million Early Buyout Option (funded by US Treasury due to the 2008 PRIIA act) was exercised on January 31, 2012 for Trust 98C, Amtrak now owns 107 Superliners outright with no more lease payments. The Early Buyout for the 50 Viewliners of $44 million is due on July 2, 2012.
- Plan is to cut company total employee head-count from 20,076 at end of FY11 to 19,552 by end of FY12.
- Budget goal is a total ridership of 31.38 million, up from the 30.18 million in FY11 for a 4% increase. May be tough to meet that with the increase in ticket prices. On the other hand, if the national average gas price hits $4/gallon by next summer, ridership will be going up. Table on page 97 shows their projections for each train service.