San Diego Transit Fare Increase 1961 - Cal PUC by AC Porter

Application No . 4 ~535 Exhibi t No::.. • ..",...._q' -,____ lrJi tne s s /'SO 1<-...-e: R. Dat")___ ---E::::_L'3 - l l____._ Commissioner d o ,. cft FF .--- Examiner A 'B c=&HA'l-r{ t

CALIFORNIA PUBLIC UTILITIES COMMISSION TRANSPORTATION DIVISION ENGINEERThTG ECONOrlfICS BRANCH

PASSENGER SECTION

ENGINEERING-ECONOMIC REPORT OF ESTIMATED RESULTS OF OPERATIONS OF SAN DIEGO TRANSIT SYSTEH

UNDER PRESENT A~ID PROPOSED FARES

FOR

YEAR ENDING SEpr:-EMBER 30, 1962

APPLICATION NO. 43535

San Francisco, California August 14, 1961

Albert C. Porter Associate Transportation Engineer

CALIFOR~IA PUBLIC UTILITIES COMMISSION --'TRANSPORTATION DIVISION

ENGINJ;ERING ,ECONOMICS BRANCH PASSENGER SECTION

ENGINEERnJG-ECONOMIC RL"".:PORT OF ESTIMATED RESULTS(JF OPERATIONS OF SAN DIEGO TRANSIT SYSTEM

UNDER PRBSE~IT AND PROPOSED FARES

FOR

YEJ~R ENDING SE~illER 30, 1962

APPLICATION NO.

San Francisco, California August 14, 1961

4353~

Albert C. Porter Associate Transportation Engineer

SAN DIEGO TRANSIT SYSTEM APPLICATION NOo 4353~

Introduction San Diego Transit System provides local passenger bus transportation service in the City of San Diego and

surround~ng

territory.

By Application.

No. 43535, the company proposes to increase its fare structure both for adult pas sengers and school children.

The purpose of this report is to set forth estimated

results of operation for the company under present and proposed fares for a test year ending September 30, 1962. Historical Results of Operation Results of operations for the latest historical period are set forth under book record and book record adjusted.

The following adjustments were made to

the book record figures: 1. Elimination of certain dues and donations in Account 4656 not properly

chargeable to operating expenses. 2. Accounts 5021 and 5091, Motor Coach Depreciation and Depreciation Adjustment to reflect the Commission staff's method of

rema~Ling

life depreciation.

3. Adjustments to revenue equipment,

L~vestment

and depreciation

reserve corresponding to adjustments in Item 2 above. 4. Accounts 4611, 4612, 4660 and 5320 adjusted to reflect the staff?s method for determining the cost of management expense. Proposed Fare structure In general, applicant proposes to (1) eliminate the use of reduced fare tokens "'Thich are sold 5 for $1.00 (20¢ per ride) and charge a straight 251: basiC fare for adult passengers, (2) increase the extra zone fare from 7¢ to S~ and, (3) raise children 9 s and students 9 fares from 10¢ to 15¢.

Gutlined in the application. (a)

The complete proposal is

Revenue Estimates Estimates of revenue were based on an estimated passenger traffic not including school and mail passengers of 390,000 per week for the rate yearo

This

estimate was made after study of the current trend in passenger traffic as shown by the chart on Page 4 and consideration of the general economic conditions in the San Diego area.

The distribution of passengers to the various categories of traffic

is based on recent experience of the company and is shown on Pages 2 and 3.

Dimi足

nution in traffic under proposed fares was estimated at one-fourth of the percent increase in fare. Operating Expenses and Taxes Estimates for operating expenses are, for the most part, based on current experience adjusted for known changes in wage and salary levels.

Operating taxes

estimates reflect several changes either already in effect or to become effective prior to or during the rate year. The estimate for injuries and damages,

Acco~~t

4530, is based on the

accident experience for the past three calendar years adjusted for changes in traffic and mileage levels.

This is in contrast with applicant's recorded figures

which reflect money paid out during a period without regard to when the accident occurred for which the settlement was made. Rate Base and Depreciation Expense Estimates of rate base and depreciation expense are based on the staffVs method of remaining life and reflect lives of 10 and 12 years for motor coaches with estimated salvage values of up to $1,500 per coach. Income Taxes Income taxes have been calculated on an "as actually paid" basis in con足 formity with decisions of this Commission.

A sample calculation is shown on Page

Mileage All mileages used herein for purposes of estimating expenses conform to (b)

those set forth in Exhibit No.

as presented by Associate

Transport~tion

Engineer Fred G. Ballenger of the Commission staff. Alternate Fares For the information of the Commission, results of operations under an alternate fare structure are set forth in the report.

The alternate fare structure

is the same as the fares proposed by applicant, with the exception of children 9 s and students' fares which would be 151 or 4 tokens for 50Â˘ (12~Â˘ per ride) in lieu of the straight l5Â˘ proposal.

(c)

:Line:Account: : No.: No.

SAN DIEGO TRANSIT SYSTEM

RESULTS OF OPERATIONS

APPLICATION NO. 43535

: Historical Year Ended 5(31(61 : Estimate-Rate Year Ending 9/30762 Book ; Book Record Present Proposed Alternate (Record Adjusted Fares Fares Fares (2) (5 ) {1) 0) (4)

Item Bus Miles

9,573,000

9,601,100

$5,737,500 203,000 49,400

~5,490,400 ~~,071,400

202,500 55,000

202,500 55%000

qp6,Oll,600 202,500 55 2 000

$5,989,925

$5,989,900

#5,747,900

~6,328,900

.w6,269,100

Expense Haintenance Tran sportation Traffic & Advertising Insurance & Safety Administration & General Depreciation & Amortization Operating Taxes Operating Rent s

$ 810,198 3,062,706 137,117 218 ,114 581,005 385,732 542,893 17! 568

$ 791,100 4짜 781,600 3,123,500 3,088,500 132,400 132,400 219,700 219,100 486,100 486,100 505,200 505,200 570,500 579,800 20 2 600 20 2 600

Total Expense

$5,755,333

i.1:5,737,600

~;5,

849,100 .w5 ,813 ,300

;iP5 ,823,300

Income Before Taxes

<l!i

,101,200) $ 515,600

Inccme Taxes

100 ---

Net Income

<if,

Rate Base

$3,901,665

Operating Ratio -

Rate of Return -

1 2 3 4

3200 3210 3900

6 I-' 7 8 9 10 11 12 13

4100 4200 4400 4500 4600 5000 5200 5300

9,892,801

9,892,800

~5, 737 ,434

203,042 49,449

Total Revenue

Revenue Passenger Contract & Charter Advertising & Other

% % (Red Figure )

234,592

234,492

810,200 3,062,700 137,100 218,100 465,900 480,100 542,900 20,600

252,300

9,694,600

30,100 <t, 'it'

222,200

$4,206,800

96.1

96.3

6.0

5.3

100 ;jp

101.8

:t;>

231,900

.101,300) ~

$3,977,400

783,800 3,096,700 132,400 219,400 486,100 505,200 579,100 20 1600

283,700

~3,977,400

445,800 193 ,800

:J>

252,000

~~3 , 977 , 400

95.5

96.0

7.1

6.3

SAN DIEGO TRANSIT SYSTEI 1 PASSFNGERS AND PASSENGER REVFNUE I

: Line : :No.

6,777 , 500 8,186,000 1,109,700 1,067,700

,:;0.25

31 ~6 94,400

0.25 0.33 0.33

2,01-1.6,500 366,200 352,300

100

610,300

0.41

250,200

575, SOo 0.34

195,700

545,900

0.41

223, 800

93,136

193,200 0.46

88,900

190,100

0.49

93,100

167,480 0.41

68,667

158,600 0.41

65,000

150,900

0.49

73,900

38,647 0.53 23,011 0.. 48

20,1.).83

36,600 0.53 22,400 0.46

19,400 10,800

35,900 21,300

0.57

20,500 12,100

~$ 1,694,400

t)1,780,616

9,175,839 0.20 1,174,562 0.32 1,189,000 0.27

1,835,168 375,860 321,030

Cash, z-4

648,945 0.39

253,089

618,200 0.39

2L~1,

Tokens, 2-4

604,770 0.34

205,622

Cash, z-5

202,469 0.46

8 9

Tokens, z-5

4 5

Cash, Z-l ec 2 Tokens, 2-1 8, 2 Cash, Z-3 Tokens , Z-3

7,122,463 $0.25

Type of Fare

:Historical 12 Ivwnths End.5/31T60: ---nate Year - 12 MontFi"s Endin g Sept"ember 30, 1962 : Present Fares - - - - -PresentFares Pr opo sed Fares .- - - --- : : Passengers: Fare : Revenue :Passengers: Fare : Revenue Passenge!,s Fare : Revenue

Cash, Z.,o

Tokens, z-6

11 12 13 14

Cash, Z--7 Tokens, Z-7 Half Fares 10, Special Navy-Zoo Sri Scrtp Override Subtotal Nail Student Cash Total

lc' .L-.-J

16 17 18 19 20

11,045

89,7 81 30,741 68,309 11,161 1,126 2,473 119,617 21,368 ,690 $0.2475 4P5, 287, 92t~ 23,480 117,400 0.20 426,030 4,26C?z}14 OQ10_ 25,746,404 ~0.2228 $5,737,434 149,635 55,892 683,088 111,607 9,004 12,278

0.60 0.55 0.10 0.10 0.125 0.2014

6,777,500 8,731,700 1,118,400 1,130,600

1pO.25 0.20 0.32 0.27

1,746,300 357,900 305,300

0.57

142,300 0.60 85,400 85,400 51,700 0.60 31,000 29,100 569,400 0.15 65,100 85,400 10, 600 105,700 0~10 10,600 8,100 0.125 l s 000 1,000 12 , 200 0.2014 2, .500 2,500 _ ._ 122, 70C2 _ . 1132.,800 20,334,600 $0.2475 $5,032,300 19, 58!.\., 700 $0.2794 $5,471,600 28,900 23,100 115,500 0.25 115,500 0.20 0.15 570, 900 _ 435,000 3, 806,300 -_.足 4,35o,t.000 0. 10 24,800,100 ;~0.22Jl~ ~ 5 ,490 , i.+OO 23, .506,500 ) 0.25:83 $6 , 071~-4oo 142,300 52, 900 650,700 105,700 8,100

0.60 0.55 0.10 0.10 0.125 . J.2$200 0 . 2014

SAN DIEGO TRANSIT SYSTEiVl DEVELOPI'1ENT OF CASH AND TOKEN ADULT PASSENGERS BY ZONES FOR 12 MONTHS ENDED IviAY 31. 1961 fatal Cash : And Token : :Estimated Psgrs. Year: :Token Psgrs; Estimated :Distribution: :?ass engers: '/~ End. 5/31/6J:.Cash Psgrs.: Year End. Token Use: Of r'resent Year End; To : Distributed: Year End. : 5/31/61 : % : ?sgrs. % Fare :Estimated: 9130/59 Total :As?erCol. (2); 5/31/61 ; (3) - (4) : (5) .;. 0) :Cash :Token q: n.ovenue (1) (2) ( 3) (4) ( 5) ( 6) ( 7) (8) (9) ( 10)

Zone 1 &2

Cash Token

17.965,653

Cash Token

2,593,587

Cash Token

1,390,077

Cash Token

400,444

Cash Token

58,045

Cash Token

230,902

Total

22,638,708

79.3 11.5 6.1

16,298,302 2,363.562

7,122.463

76.3 9,175, 839

56.3

1,189,000

50.3

604,770

48.2

167,480

45.3

1,174,562

1,253,715

648,945

369,949

202.469

61,658

38,647

205,527

149,635

20,552,713

9.336,721

81.8

25 20

.jJl,780,616 1,835,168

10.6

32 27

375.860 321,030

5.4

39 34

253,089 205.622

1.5

46 41

93,136 68,667

0. 2

53 48

1.1,0 45

12.6 6.9

\..oj

5 6

1.8

0.3 1.0

100.0

2.2

0.4 23,011

37.3

55,892

27.2

11,215,992

54.6

1.6

0.5 100.0

100.0

Cash Revenue Year End. 5/31/61 Token Revenue Year End. 5/31/61 Total

~O,483

89,781 30,741 415,085,238

4>2,612,965 2,243,199 $,.856.164 Difference $ 229.074 Recorded Override Revenue 5/31/61 348,691 Difference (Transfer Override) $ 119,617

:)]0 r-

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SII39N3SSlId

CALI FORNI A PUBLIC UTILITIES CO MMISSI O N TRANSPORTATION DIVISION AUGUST 10,1961

A-43435

TREND OF SAN

DIEGO

TRANSIT SYSTEM

OPERATIONS

WITH

SAN SAN

DIEGO

COUNTY AUTO REGISTRATION

AND DIEGO AREA NON -AGRICULTURAL EMPLOYMENT

iii

18~~~~~~~~+rr~+rr~+rr~+rr~~~~HHTI+~~~~+rr~+rr~+rr~~H+H

III

17~~~~+rr~+rr~+rr~+rr~+rr~~~~~~HH~~~~~~~+ I ~+m~~~rH

III

16~~~~~~~~~~~Hn~~~~~,~Hn+,HHn+~~~~~Hh+ITHn+IT~+ITH+H ,

SAN DIEGO AUTO REGISTRATION

INDEX 100 = 238,473 :足

III

i 1<H-+++l+H+H+++t++++++++++++++++++++ttt++t++tt-+tif-tttttttt-ttt+++++++ttt+tt~t+H-ttt-ttttti-ttttttttttii-tttt+H

14~~+H~~~~~~Hn~~~~+++HB~~~~n+~~~~+ITBn+ITHn+IT~+ITH+H

II I

I I I

13~~~~~~~~~~~~~~~~~~~~#+~~~~+rr~+rr~~~+rrH+H

~ SAN'

II I

DIEGO ' AREA

NON-AG ~ICULTURAL EM~LOYMENT

BASE , MONTH

INDEX ,100 ,= 169,400

12~~~~~~~~~~~~~~~~+rr~+rrHH~~~~~~~rrHTI+~n+~TI+H

III

: "~1N-l*~~~++tt++toot++HtttttH+H+H-Ittttti-tt+tt+tlftttttttt+ttttttttl ttttttt \ ttttttttttt l tttttttH

t+ -l+++J++.4+1+M++:m:.l++++++l++++++l++++++1f-H++Wf++++++1~+-l-+1+++1-+ l~1t+-H~1-++l~rtt++11

r i..,... O 1 90

-tH++t1+t+t+H+t+ttti

80~~~~~~+ff~+rr~~Hn+rrH~~

S. D, T,S . BUS MILES

I 1111 ~fFI~ I rrl~ ~ 1 i ~I~ T fl l l l011 1 =113'O i 9,6 iI 5 I

III I11I I 1 111 111111 111111 111

H1+++tttttt+++++++++H+ttttt-tt-tttt+t+tt-~

~~~~~~~~~~~+H

II I

I IS, D T. S. BUS PASSENGERS I II ~ I BAS ~ WEEK INDEX 10 0 =1810,000

50 ~~1-t-U~1-t-U~1-t-U~+H~~1-++l~1-++l~t+-H+++~~l++++++rt#n+l+++~~++t1-tH~~~+t+H+1

W-I-i-l-l-l-t-t~f+++++++++++-I--I--I-+H++++Hf-H-I--I--I-+I-++++H-hl-t+tt++++++tt++tttttt+,ttttttttttt-rttttttttttttttttti

il II

20 i++H~+J

J1-Ut-l-1-W-l-J-+tt++++++++f++++H-+++H+++++++tt+t-ftttttttHttttttttt-tttH-t++tt+ttHtttttttttt+tI ,-Htttttttttttttttttttttt

II i

WOH lj d 1952 WKC 610810

a~i ~~~ iO ,i~~~~W i! Ii H=8!~! mll mmH lHwmw l! I! d ,i W <H 1~m8W; i n i ~~;i !Wl 0 i iHHW iO W ~H~ 1953

1954

1955

1956

1957

1958

1959

CALIFORNIA

1960

PUBLIC

TRAN SPORTATION

1961

UTILITIES

DIVISION

COM MISS IO N

AUGUST

10,1 961

SAN DIEGO AREA UNEHPLOYTvIENT

(SOURCE:

STATE OF CALIFORNIA DEl'ARTdEl'!T OF E[VlPLOYIfENT)

Percent of : : Number of Civilian :_Y_ea_r_:_l'v1_10_n_th_ _ _:_U_ne_r...,np_l--"oyed: Labor Force: :Year:

1958 January

13,200

4.6

February

14,800

5.1

IvIarch

15,900

April

Number of~ Civilian Hon~ -.=..Unemployed: Labor Force:

16,100

4.9

February

18~100

5.5

March

19,400

5.9

15,800

5.5

April

17,700

5.4

.Hay

14,400

4.9

May

18,900

5.7

June

15,300

5.1

June

22,800

6.8

July

14,300

4.8

July

22,100

6.6

August

13,300

L.4

Au.gust

21,400

6.4

September

12,100

4.0

September

23,200

October

10,600

3.5

October

22,300

6.7

November

11,900

3.9

November

22,400

6.7

DecGmber

12,200

3.6

December

24,900

7.3

12,300

4.0

26,900

8.0

February

13,CiOO

4.4

February

27,700

8.2

I'1arch

12,900

4.1

IVlarch

27 J 300

8.1

Ap~il

10 J 100

3.3

A~~Til

25,400

7.5

May

10,800

3.4

HiO.y

26,000

7.6

June

12,500

3.9

June

27,500

8.0

July

11)600

3.6

August

11,700

3.6

September

10,900

3.3

October

11, 700

Novem.ber

14,000

December

14,100

1959-路 J anUCl.ry

1960 January

1961 January

4.2

颅

.e@'J DIEGO TR..-lliIST SYSTEM

Sheet 1 of 2

OPERATING EXPENSES APPLICATION NO. 43535 P.U.C. Staff Estimate 12 Moso End. 9-30-62 Present Proposed Fares Fares

:Book Record :12 Mos. End.:

: Acet.: : No.

Title

5-31-61 9,892,800

Bus Miles Operated

9,694,600

9,573,000

Maintenance Supervision Repairs - Shop & Gar. Equip. Oper. & ¥~int. - Serv. Equip. Repairs - Shop & Gar. Bldgs. Light, Heat, Power & Water Other Shop & Gar. Exp; Repairs - Revenue Equip. Servicing - Revenue Equip. Tires & Tubes - Revenue Equip. Credit from Outside Work Total

37,568 $ 9,402 4,334 10,987 18,474 71,611 417,556 132,495 107 z771 {3 z720) $ 806,478 $

4210 4220 4230 4240 4262 4264

TransQortation Supervision Drivers ~ Wages Fuel - Revenue Equip. Oil - Revenue Equip. Ferry Tolls Other Transp. Exp. Total

$ 297,859 2,531,3 03 183,628 7,58418,319 24: 013 $3,062,706

295,000 2,599,100 178,900 7,5 00 19,000 24: 000 $3,123,5 00

4410 4430 4440 4470

Traffic and Advertising Salaries & Expense Tariffs & Schedules Tickets & Baggage Checks AdvertislJ.'"1g Total

17,480 57,918 13,862 47:857 $ 137,1l7

18~400

59,800 13,900 40 :3 00 $ 132,400

18,400 59,800 13,900

132,400

82,000 19,400 73,000 32,600 5,600 6.22 00 219,100

4110 4121 4122 4128 4131 4132 L,.lJ+O

4150 4160

4510 4520 4530 4541 4570 l,580

Insurance &'"1d Safet~ Salaries & Exp. P.L. & PeDe Insurance Injuries & Damages Workmen ~ s Comp. Ins Fire& Theft Other Total

80,744 19,302 76,103 32,586 5,526

218,114-

3z85~

(Red Figure)

- 7

37,500 9,400 4,300 9,900 18,500 72,300 409,400 131,800 102 z200 {4!200) 791,100

82,000 17,600 75,400 32,600 5,600 6 z500 $ 219,700 $

37,500 9,400 4,300 9,900 18,500 72,300 402,800 130,200 100, ~OO

(~!200)

$ 781,600 295,000 2,566,5 00 176,600 7,400 19,000 24 2 000 $3,088,500

40~300

Sheet 2 of 2

SAN DIEGO TRAJl.JSIT SYSTElvJ OPERATING EXPENSES

APPLICATION NO. 43535

:Acct.: : No.

/+61-1 4612 4613 4616 4620 4630 46~0

4651 4652 4655 4656 4660 4671 4673

Title Administrative and Genera! 8alaries - Gen. Officers E.."'q>enses .- Gen. Officers Salaries - Gen. Off. Employees Expenses - Gen. Off. Employees Law Expenses Gen. Off. Sup~ & Exp. Communication Service Outside Audit Employees Welfare Purchasing & Stores Expo Other Mgmt. &. Supr. Fees & Exp. Franchises Regulatory Commission Exp. Total Total Opera

5210 5220 5230 5240 5250 5260 5270 5280

5300

l"laint. Exp.

Operating Taxes Fuel & Oil Mot. Veh. Lie. & Regist. Fees Real Est. & Pers. Prop. Payroll Taxes Franchise Sales & Use Federal Excise Other

8,465 115,536 900 2,675 29,975 12,193 3,686 142,090 21,693 49,332 191,698 2,762 $

P.U.C. Staff Estimate 12 Mos. End. 9-20-62 Proposed Present Fares Fares

:Book Record :12 Mos. End.: 5-31-61

581,005

91,900 9,200 120,700 900 2,200 30,000 12,200 3,700 152,500 22,800 36,000

2,800 1,200 $

486,100

91,900 9,200 120,700 900 2,200 30,000 12,200 3,700 152,500 22,800 36,000 2,800 1,200

486,100

$4,805,420

$4,752,800

~p4, 707, 700

178,818 89,698 35,216 120,761 113,410 1,814 1,216 1.960

$ 175,700 81,300 35,400 165,000 108,500 1,800 1,200 l t 600

173,500 81,300

35,400 165,000 120,000 1~800

1,200 1.600

Total

542,893

570,500

579,800

Operating Rents - Net

17,568

20,600

- 8 足

Sheet 1 of 2 SAN DIEGO TRANSIT SYSTEM ESTIJvfATED RATE BASE AND DEPRECIATlmr EXPENSE FOR RATE YEAR ENDING SEPTEMBER 30 t 1962 APPLICATION NO. 43435

:Acct. : : No. :

Rate Base

Item

ense (4)

(3)

1201 Land 1211

Structures

350,500 $

350.000

712,400

231,200

$ 19,900

$ 481,200

1221 Revenue Equipment Motor Coaches (Detail Sheet 2 of 2) Coach Equipment Fare Boxes, Etc. 1231

Service Equipment Trucks Autos

$6,966,600 $3,996,600 $2,970,000 $444,700 29,100 9,800 19,300 1,1-l00 261.1400 18%200 175 2 500 85,900 $7,257,100 $4,101,800 $3,155,300 $L~64,300 $ $

1241

Shop & Garage Equipment

18,000 $ 39.300 57,300 $

13,900 $ 26 2 800 40,700 ~

188,700 $ 165,500 $

4,100 $ 12 2 500 16,600 $

900 5,.2 00 6,200

23,200

4,900

1251 Furn. & Office Equip_

82,700

62,600 $

1261

Misc. Equip.

17,900 $

12,400 $

1511

Frcmchises

56,700

41,700 $

15,000 $ 1,300

Allowance-Rail Line . vonverSlons

$ 2,600

Material & Supplies Total

$ 160 2 °00 $ $8,883,3 00 $4,905,900

~ 160 z000 $3,977,400

$505,200

- 9

20,100 $ 3,800 5,500

2,200

Sheet 2 of 2

: Line: : No.:

Coach No.

SAN DIEGO TRANSIT SYSTEN ESTIMATED RATE BASE ru~D-DEPRECIATION EXPENSE FOR RATE YEAR ENDING SEPTEHBER 302 i9b2 MOTOR COACHES APPLICATION NO. 43435 ~NQlT1ber: Date : of : :Depreciation: in . " : Dnit,s:Se~vice: Investment : Reserve:Rate Base: Expense

1 170, 171, 175, 176 2 177, 182, 187, 189 701, 715 3 4 902, 903, 904 914-948 5 6 9~9-958 7 959-978 8 979-998 801-820 9 10 821-840 11 841-860 12 861-880 1001 13 1002 14 501-510 15 16 1003, 1004 511-530 17 18 1005, 1006 19 531-550 20 201-230 21 1007, 1008 22 231-260 603, 604 (1) 23

4 4 2 3 35 10 20 20 20 20 20 20 1 1 10 2 20 2 20

8-1-45 9-1-46 7-1-47 8-1-48

5-1-)~9

5-1-49 5-1-50 3-1-51 10-1-51 5-1-52 1-1-53 9-1-53 8-1-56 8-1-56 10-1-56 8-1-57 10-1-57 5-1-58 9-1-58 1-1-60 4-1-60 11-1-60 2-1-61

$ 53,940 60,957 33,430 53,375 698,321 199,564 389,266 399,948 400,708 409,928 413,678 422 ,410 21,239 36,734 247,747 76,347 518,747 81,844 541,583 889,318 86,048 892,019 39,412

;6 53,754

58,557 32,430 48,875 645,821 184,564 355,937 350,204 336,829 329,964 315,239 303,519 14,188 19,506 126,698 34,163 222,810 30,799 184,006 189,969 18,686 119,993 20,011

186 2,400 1,000 4,500 52,500 15~00c

42,184 295,937 51,045 357,577 699,349 67,362 772,026 19,401

10,818 21,538 22,586 23,983 24,895 26,018 3,172 2,483 16,315 6,880 48,353 7,772 50,398 84,431 8,305 84,701 2,046

298"

$6,966,563 :iP3,996,522 $2,970,041

$4LLi,694

Use:

~6,966,600 ~~3,996,600

1il441.,700

2 30 2

(1) Leased from Everett City Lines. NOTE: All units except 701 and 715 are diesel.

- 10 足

33,3 29 49,744 63,879 79,964 98,439

118 s 891

7,051 17,228

121,OJ.B

$2,970,000

SAN DIEGO TRANSIT SYSTElJl ESTTIY~TED

INCOME TAXES

PROPOSED FARES - YEJlq ENDING SEPTEMBER 30, 1962

APPLICATION NO. 43535

STATE

$515,600

Income before Income Tax

$505,200 373,400

Adjusted Depreciation Book Depreciation

131,800 Interest E"..q>ense

(~~)

Liberalized Depreclation Credit

(121,600)

Taxable Income

$422,200

Ta.,'(

at 5~

$23,200

FEDERAL Income before Income Tax

$515,600

Depreciation Adjustment (above)

131,800

Interest Expense

(~QQ.)

Liberalized Depreciation Credit

(108,700)

(23,200)

State Income Tax Taxable Income

$411,900

Tax at 52!'/0 Credit 22!'/0 x $25,000

$214,200

5,500 $208,700

~~~~:!:~~~

TOTAL STATE AND FEDERAL INCOME TAX

(Re:9-

}'5.gure)

-11足

SAN DIEGO TRANSIT SYSTEM WORKING CASH CAPITAL DEVELOPNENT OF AVERAGE DAY LAG IN PAYMENT OF EXPENSES AND TAXES ---"--------------------.----~---:--:----------

:Percent of Total No~.~:__________________~I~t~em~___________________~~~~~~_~~~~~ Expenses Days Lag ___

: Lj.r:.e:

19 20

Wages and Salaries Material and Supplies Tires and Tubes Other Maintenance of Equipment Expense Other Transportation Expenses Fuel and Oil Traffic and Advertising Expenses Public Licl.bility and Property Damage Insurance Other Insurance Expense Social Security and Unemployment Insurance Pensions MiscellOJ.neous General Office Expense Depreciation Fuel and Oil T~~es Licenses an.d Gross Receipts Tax Real Estate and Persona,l Property Tax Other Miscella..."leous Taxes Operating Rents California Corporation Franchise Tax Federal Income Tax

55.4 % 8.1 1.8 loB 1.0 3.2 0.8 1.3 2.4 2.6 0.7 1.5 8.0 3.0 1.5 0.6 2.0 0.3 0.4 ~

Total Expenses and Taxes

100.0

Average Amount of Working Cash Available as a Result of Collecting Revenues in Advance of Paying Expenses 22/365 x $5,767,700* =

1 2

4 5 6 7 8 9

10 11 12

13 14 15

16 17 18

Total Expenses - Year Ended May 31, 1961.

(Red Figure)

- 12 足

11 20 47 26 20 16 30 341 (iO) L..O

15 (20)

17 (159 ) 61 42 (12) (15) 213 22

$347,600