3/21/2019 Attachment 1
FIXED COSTS FIRST TRANSIT, INC. REVISED
YEAR 14 YEAR 2 YEAR 3 YEAR 4 YEAR5 §8YRTOTAL
FY20 FY21 FY22 FY23 FY24
ADMINISTRATIVE WAGES $113,338 $115,812 $118,342 $120,928 $123,572 $591,992
ADMINISTRATIVE FRINGE BENEFITS $27,430 $28,466 $29,546 $30,673 $31,849 $147,964
SAFETY/TRAINING COST $84,275 $88,721 $90,886 $93,343 $95,802 $453,027
OPER EXP/MATERIALS $135,211 $134,304 $138,100 $142,008 $146,029 $695,652
START UP EXPENSE $0 $0 $0 $0 $0 $0
INSURANCE - General Liability $13,688 $14,240 $14,596 $15,206 $15,664 $73,394
OUTSIDE SERVICES/CORP SUPPORT $105,207 $111,443 $114,836 $118,744 $122,556 $572,786
OTHER (LIST) $0 $0 $0 $0 $0 $0
PROFIT/FEE $38,699 $40,858 $41,686 $43,374 $44,980 $209,597
SUBTOTAL FIXED COSTS $517,848 $533,844 $547,992 $564,276 $580,452 $2,744,412
VARIABLE COSTS
DRIVER WAGES $1,146,463 $1,200,806 $1,216,008 $1,267,972 $1,315,324 $6,146,573
DRIVER FRINGE BENEFITS $314,187 $355,308 $367,808 $385,338 $403,474 $1,826,115
PROFIT/FEE $42,121 $44,507 $45,408 $47,226 $48,939 $228,201
SUBTOTAL VARIABLE FIXED COSTS $1,502,771 $1,600,621 $1,629,224 $1,700,536 «$1,767,737 $8,200,889
TOTAL COST $2,020,619 $2,134,465 $2,177,216 $2,264,812 $2,348,189 $10,945,304
MONTHLY FIXED COST $43,154 $44,487 $45,666 $47,023 $48,371 $45,740
ESTIMATED BILLING HOURS 51,999 51,884 50,456 50,476 50,035 254,850
COST PER BILLING HOUR* 28.90 30.85 32.29 33.69 35.33 32.18
*Billing hours include gate to gate service (includes deadhead) plus driver swap time. Pre and post trip time is not included in billing hours.
FY 20 FY 21 FY 22 FY 23 FY 24
Average Average Average Average Average
Hourly Wage Hourly Wage Hourly Wage Hourly Wage Hourly Wage
$18.27 $19.11 $19.88 $20.69 $21.64
Total Number of Drivers FTE 28.0 28.0 28.0 28.0 28.0
Bishop's Peak Software -
Offered as a pass through
option $20,028 $20,028 $20,028 $20,028 $20,028
$100,140
