-
2021 TTC & Wheel-Trans Operating Budgetand
2021 Capital Investment Plan &2021-2030 Capital Budget & Plan
TTC Board MeetingDecember 21, 2020
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2
2021 Budget Highlights
December 21, 2020
• Demand Responsive ServicePreserves priority service; 101% bus service; More buses on key routes
• Keeps the TTC affordableNo fare increase
• Maintains City’s operating funding at 2020 level0% increase
• Includes 2021 COVID-19 impact of $796.4MPartially offset by Federal/Provincial Safe Restart Agreement
• Adds $1.1 Billion in unfunded capital works 95% for critical state of good repair work
• Enables purchase of: 300 buses, 181 Wheel-Trans buses, 13 streetcars
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3 December 21, 2020
TTC’s Service Objectives and Outcomes
Inclusive & AccessibleService Provider
Inclusion and Accessibility
Transform to Solidify Fiscal Foundation
Financial sustainability
Provide Safe, Seamless & Reliable Transit Service
Innovate for Future Demand
Customer Satisfaction System Resiliency
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4
Key 2020 Accomplishments Despite COVID-19’s unprecedented service and financial impact, significant progress made on
TTC’s key priorities: Established Priority Actions in Safety Strategic Plan Completed Fleet Procurement Strategy & Plan Received and rolled out final delivery of 204 LRVs & 60 E-Buses Installed Automatic Train Control From Vaughan to Rosedale stations
Advanced on business transformation priorities and efficiency initiatives Anticipated agreement on Metrolinx settlement terms to form basis for proceeds, open payments.
Implemented equity-based consultation in 2021 service planning process Expanded diversity outreach with 2 online forums for female bus operators (4,000+ participants) Awarded Wheel-Trans reservations overflow contract to reduce wait times Completed construction at 4 stations, bringing the total number of accessible stations to 50
Installed Eglinton East Bus Priority Lane Advanced service integration with regional partners
Agile and effective response to COVID-19: Delivered demand responsive transit service throughout the pandemic. Partnered with City of Toronto to meet needs of most vulnerable during the pandemic (SSHA, EMS) Implemented proactive safety measures: disinfection; mandatory masks Expected to achieve $151 million in savings to mitigate COVID-19’s financial impact Completed accelerated capital works to leverage low ridership, culminating with first ever 10-day
closure.December 21, 2020
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5
COVID-19: TTC’s Service Response
Keeping our customers informed
Physical changes to vehicles to support physical distancing
Physical changes to vehicles to support physical distancing
Additional messaging and social mediaDesignated seats to support physical distancing
Demand-responsive service plan
December 21, 2020
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6
Keeping Vehicles Safe
December 21, 2020
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7
COVID-19: Partnering to Help the Most Vulnerable
Retrofitted TTC buses for Toronto Paramedic Services
Assisted the homeless with Streets to Home
Distributed 1 million masks with Poverty Reduction Office
Moved clients with Shelter, Support and Housing Administration (SSHA)
December 21, 2020
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8
COVID-19: Impact on 2020 Revenue Ridership
2020 RidershipBudget 533.5MActual / Projected 224.6MVariance (308.9M)% of Budget (-57.9%)
December 21, 2020
Sheet1
Scenario TypeActual % of BudgetTTC Passengers Rides (Millions)TTC Passengers Revenue (Millions)
RidershipRevenueActualBudgetVarianceActualBudgetVariance
Low32%31%42.1131.5(89.5)$ 95.3$ 307.1$ (211.8)
Projection33%32%43.4131.5(88.1)$ 98.1$ 307.1$ (209.0)
High35%34%46.0131.5(85.5)$ 104.2$ 307.1$ (202.9)
Ridership Increase by Period (Millions)Revenue Increase by Period (Millions)
PeriodActualBudgetPeriodActualBudget
Oct. 4 to Oct. 31 (28 days)14.842.2Oct. 4 to Oct. 31 (28 days)$ 33.5$ 98.4
Nov. 1 to Nov. 28 (28 days)14.744.5Nov. 1 to Nov. 28 (28 days)$ 33.0$ 103.2
Nov. 29 to Dec. 31 (33 days)13.944.8Nov. 29 to Dec. 31 (33 days)$ 31.6$ 105.5
Total43.4131.5Total$ 98.1$ 307.1
Weeksum
YearWEEK #Financial PeriodDateTypeActualLY CompBudget% Budget
2020114-JanRidership43545334615000440000099.0%
20202111-JanRidership9900488100380009900000100.0%
20203118-JanRidership101633311018900010050000101.1%
20204125-JanRidership10135820989500010100000100.4%
2020511-FebRidership1012363996600001028400098.4%
2020628-FebRidership102931881015000010140000101.5%
20207215-FebRidership1027805998050001039400098.9%
20208222-FebRidership939246392400009331000100.7%
20209229-FebRidership10362763102260001046600099.0%
20201037-MarRidership10401840104590001068900097.3%
202011314-MarRidership9459884103850001046300090.4%
202012321-MarRidership3704735101940001027100036.1%
202013328-MarRidership1791234105240001060300016.9%
20201434-AprRidership1425202104280001050700013.6%
202015411-AprRidership11879199168000921400012.9%
202016418-AprRidership12125889875000992400012.2%
202017425-AprRidership1262717101490001019900012.4%
20201842-MayRidership1373427102220001027300013.4%
20201959-MayRidership1513026103170001045200014.5%
202020516-MayRidership1589742100680001020000015.6%
202021523-MayRidership15984739292000941300017.0%
202022530-MayRidership1827447103130001044800017.5%
20202366-JunRidership1969289102690001039400018.9%
202024613-JunRidership2091356103560001048100020.0%
202025620-JunRidership2200537104530001058000020.8%
202026627-JunRidership2348306103990001052500022.3%
20202764-JulRidership26277579158000926900028.3%
202028711-JulRidership3129233100080001021400030.6%
202029718-JulRidership326635499060001010900032.3%
202030725-JulRidership3291104100140001022000032.2%
20203171-AugRidership343578498310001003300034.2%
20203288-AugRidership33285889050000923500036.0%
202033815-AugRidership369696698200001002200036.9%
202034822-AugRidership37549969761000996100037.7%
202035829-AugRidership38409499639000983600039.0%
20203695-SepRidership3954278100030001019600038.8%
202037912-SepRidership37055889698000988500037.5%
202038919-SepRidership4038126108300001103900036.6%
202039926-SepRidership4013943109470001115800036.0%
20204093-OctRidership3948725108660001107600035.7%
2020411010-OctRidership3814511106470001079900035.3%
2020421017-OctRidership34233539505000964000035.5%
2020431024-OctRidership3707591106810001083300034.2%
2020441031-OctRidership3804772107920001094600034.8%
202045117-NovRidership3794569108240001104200034.4%
2020461114-NovRidership3792474105500001076300035.2%
2020471121-NovRidership3639902112060001143200031.8%
2020481128-NovRidership3377142.85714286110330001125500030.0%
202049125-DecRidership3075147.75714286102750001033900029.7%
2020501212-DecRidership3039147.75714286102600001032400029.4%
2020511219-DecRidership3039147.75714286101950001025800029.6%
2020521226-DecRidership2389647.757142868262000831300028.7%
2020531231-DecRidership1689647.757142865573000560200030.2%
2020114-JanRevenue9778610.6799102519900825.31
20202111-JanRevenue22843829.3422205059.822984222.41
20203118-JanRevenue23533021.8822620598.923379482.82
20204125-JanRevenue23487445.1322017364.523607206.6
2020511-FebRevenue23397044.992155725624129933.28
2020628-FebRevenue23689296.522273295523521708.4
20207215-FebRevenue23568225.472192790224128502.4
20208222-FebRevenue21418069.862048415621849662.85
20209229-FebRevenue23767666.092281931924493799.14
20201037-MarRevenue23925260.0822892659.224487980.88TTCWTTTCWTTTC+WT
202011314-MarRevenue2177794122299710.523628794.88Period2020 Budget2020 Actual/Projected2020 % Budget2020 Budget2020 Actual/Projected2021 Forecast2021 ForecastPeriod2020 Budget2020 Actual/Projected2020 % Budget2021 Forecast2020 Budget2021 ForecastTTC
202012321-MarRevenue11463632.9622240249.823290688.12144,734,00044,677,81199.9%329,837341,27812,943,000137,417145,063,83745,019,08999.9%13,080,417Q1138,648,65643,183,2502020 Q181%111,787,179
202013328-MarRevenue8742125.3922919167.224057268.76240,331,00040,326,473100.0%302,561304,72812,874,000116,917240,633,56140,631,201100.0%12,990,917Q2132,433,13449,726,7502020 Q217%22,802,584
20201434-AprRevenue5413793.9923810252.424826061.02352,533,00026,782,89551.0%418,258206,33816,961,000150,916352,951,25826,989,23351.0%17,111,916Q3134,048,10357,821,7502020 Q336%47,404,634
202015411-AprRevenue318386520920459.221588570.08439,610,0005,036,65112.7%325,51148,35214,261,000128,917439,935,5115,085,00312.7%14,389,917Q4132,575,07765,626,7502020 Q432%42,587,054
202016418-AprRevenue3369759.222230960023691665.62540,513,0006,528,68816.1%330,54550,74414,990,000130,917540,843,5456,579,43216.1%15,120,917537,704,970216,358,5002021 Q132%
202017425-AprRevenue3473690.323073751.524429879.33651,249,00011,237,24521.9%405,07879,95620,046,000169,916651,654,07811,317,20121.9%20,215,9162021 Q237%
20201842-MayRevenue3635201.0623256072.224310239.41740,576,00013,122,47532.3%329,61289,38216,230,000144,917740,905,61213,211,85732.3%16,374,9172021 Q343%
20201959-MayRevenue3246478.0623329832.124403480.59839,054,00014,621,49937.4%319,511104,50116,012,000143,917839,373,51114,726,00037.4%16,155,9172021 Q449%
202020516-MayRevenue3420272.0522700319.623583736.59953,354,00019,660,66036.8%414,980146,69025,076,000214,916953,768,98019,807,35036.8%25,290,916
202021523-MayRevenue3444327.4221062176.4221827831042,218,00014,750,22734.9%341,957136,78320,687,000185,9171042,559,95714,887,01035.0%20,872,917
202022530-MayRevenue3976375.9623356882.424402697.361144,492,00014,604,08832.8%357,822143,12921,801,000196,9171144,849,82214,747,21732.9%21,997,917
20202366-JunRevenue4285561.7723158648.824426355.681244,836,00013,232,73929.5%329,298164,64922,534,000221,9161245,165,29813,397,38829.7%22,755,916
202024613-JunRevenue4566458.123380741.224690811.04533,500,000224,581,45142.1%4,204,9701,816,530214,415,0001,943,500Total537,704,970226,397,98042.1%216,358,500
202025620-JunRevenue486457622732139.124644174.59
202026627-JunRevenue5228677.9723082660.323968487.68
20202764-JulRevenue5877730.5520594510.421882666.312020 Ridership
202028711-JulRevenue7066617.352262808824036393.15Budget533.5M
202029718-JulRevenue7346047.1322380625.823795615.51Actual / Projected224.6M
202030725-JulRevenue7427268.8822567550.423903968.39Variance(308.9M)
20203171-AugRevenue7741765.982222789123530344.46% of Budget(-57.9%)
20203288-AugRevenue7452780.292021860521454007.7
202033815-AugRevenue8329075.152222953423536070.12
202034822-AugRevenue8480787.0621969082.723385747.29
202035829-AugRevenue8733438.8821833298.923019168.33
20203695-SepRevenue9011529.722888864.624281270.85
202037912-SepRevenue8446252.3522355829.623259891.46
202038919-SepRevenue9222758.132493715825992598.87
202039926-SepRevenue9162480.5325212035.726293894.41
20204093-OctRevenue024900525.626135687.94
2020411010-OctRevenue02427516025391396.66
2020421017-OctRevenue021486052.522158207.98
2020431024-OctRevenue024290730.225275619.97
2020441031-OctRevenue02460576025599478.66
202045117-NovRevenue02459754025716823.15
2020461114-NovRevenue02399281025157858.3
2020471121-NovRevenue025124972.626160324.8
2020481128-NovRevenue025158549.926158575.61
202049125-DecRevenue02397157524567466.24
2020501212-DecRevenue02387707224573494
2020511219-DecRevenue02354025524493085.45
2020521226-DecRevenue01828380618827128.67
2020531231-DecRevenue012311314.313029198.85
2020114-JanAverage Fare2.24561638872.14742.2501875705
20202111-JanAverage Fare2.30734377342.21212.3216386273
20203118-JanAverage Fare2.31548316982.22012.3263166985Q1Q2Q3Q4Year
20204125-JanAverage Fare2.31727133372.22512.33734718812020 Cal. Adj. Budget133.4M132.6M133.0M132.7M531.7M
2020511-FebAverage Fare2.31112991982.23162.3463567952021 Forecast42.8M49.3M57.3M65.0M214.4M
2020628-FebAverage Fare2.30145378872.23972.3196951085% of 2020 Cal. Adj. Budget32%37%43%49%40%
20207215-FebAverage Fare2.29306189722.23642.3213875698
20208222-FebAverage Fare2.28034647142.21692.3416207105
20209229-FebAverage Fare2.29356457252.23152.3403209574
20201037-MarAverage Fare2.30009883642.18882.2909515277
202011314-MarAverage Fare2.30213615732.14732.2583193042
202012321-MarAverage Fare3.0943192862.18172.2676164074
202013328-MarAverage Fare4.88050438412.17782.2689115118
20201434-AprAverage Fare3.79861520682.28332.3628115561
202015411-AprAverage Fare2.68020378492.28192.3430182418
202016418-AprAverage Fare2.77898117092.25922.3873101189
202017425-AprAverage Fare2.75096502222.27352.3953210442
20201842-MayAverage Fare2.64681054032.27512.3664206571
20201959-MayAverage Fare2.14568557312.26132.334814446
202020516-MayAverage Fare2.15146360232.25472.3121310382
202021523-MayAverage Fare2.15476108762.26672.3566113885
202022530-MayAverage Fare2.17591862312.26482.3356333614
20202366-JunAverage Fare2.17619748552.25522.3500438407
202024613-JunAverage Fare2.18349152422.25772.3557686328
202025620-JunAverage Fare2.21063131412.17472.329317069
202026627-JunAverage Fare2.22657437742.21972.277290991
20202764-JulAverage Fare2.2367861832.24882.3608443532
202028711-JulAverage Fare2.25825860522.2612.3532791414
202029718-JulAverage Fare2.24900519972.25932.3539039974
202030725-JulAverage Fare2.25677124762.25362.3389401556
20203171-AugAverage Fare2.25327493812.2612.3452949726
20203288-AugAverage Fare2.23902155812.23412.3231194044
202033815-AugAverage Fare2.25294880992.26372.348440443
202034822-AugAverage Fare2.25853424612.25072.3477308794
202035829-AugAverage Fare2.27377111232.26512.3402977155
20203695-SepAverage Fare2.27893175442.28822.3814506522
202037912-SepAverage Fare2.27932850332.30522.3530492119
202038919-SepAverage Fare2.28392034572.30262.3546153519
202039926-SepAverage Fare2.28266333882.30312.3565060414
20204093-OctAverage Fare02.29162.359668467
2020411010-OctAverage Fare02.282.3512729568
2020421017-OctAverage Fare02.26052.2985692925
2020431024-OctAverage Fare02.27422.333205942
2020441031-OctAverage Fare02.282.3387062543
202045117-NovAverage Fare02.27252.3290004664
2020461114-NovAverage Fare02.27422.3374392177
2020471121-NovAverage Fare02.24212.2883419174
2020481128-NovAverage Fare02.28032.3241737548
202049125-DecAverage Fare02.3332.376193659
2020501212-DecAverage Fare02.32722.3802299496
2020511219-DecAverage Fare02.3092.387705737
2020521226-DecAverage Fare02.2132.2647815073
2020531231-DecAverage Fare02.20912.3258120046
Weekly Ridership (000s)
Actual43834438414384843855438624386943876438834389043897439044391143918439254393243939439464395343960439674397443981439884399544002440094401644023440304403744044440514405844065440724407944086440934410044107441144412144128441354414244149441564416344170441774418444191441964354533990048810163331101358201012363910293188102780599392463103627631040184094598843704735179123414252021187919121258812627171373427151302615897421598473182744719692892091356.0000000002220053723483062627757312923332663543291104343578433285883696966375499638409493954278370558840381264013943394872538145113423353370759138047723794569379247436399023377142.85714286013075147.757142863039147.757142863039147.757142862389647.757142861689647.75714286Budget438344384143848438554386243869438764388343890438974390443911439184392543932439394394643953439604396743974439814398843995440024400944016440234403044037440444405144058440654407244079440864409344100441074411444121441284413544142441494415644163441704417744184441914419644000009900000100500001010000010284000101400001039400093310001046600010689000104630001027100010603000105070009214000992400010199000102730001045200010200000941300010448000103940001048100010580000105250009269000102140001010900010220000100330009235000100220009961000983600010196000988500011039000111580001107600010799000964000010833000109460001104200010763000114320001125500010339000103240001025800083130005602000% Budget43834438414384843855438624386943876438834389043897439044391143918439254393243939439464395343960439674397443981439884399544002440094401644023440304403744044440514405844065440724407944086440934410044107441144412144128441354414244149441564416344170441774418444191441960.989666590909090931.0000492929292931.01127671641791041.00354653465346530.984406748346946751.01510729783037480.988845391572060751.00658696817061410.990135964074144840.973134998596688170.904127305744050420.360698568785902060.168936527397906270.135643095079470840.128925439548513130.122187424425634820.123807922345327980.133692884259709930.144759471871412170.15585705882352940.169815467969828960.174908786370597230.189464017702520690.199537830359698520.207990264650283560.223116959619952480.283499514510734680.306367045232034450.323113463250568780.322025831702544010.342448320542210690.3604318354087710.368885052883655970.376969782150386510.390499084993899960.387826402510788540.374869802731411240.365805417157351210.359736780785086920.356511827374503430.353228169274932890.355119605809128660.342249699990768930.347594737803763930.343648704944756410.352362166682151810.318395906228131580.300057117471600190.297431836458347980.294376962140920180.29627098431885940.287459131137117740.30161509409904674
Weekly Ridership (000s)
Actual43834438414384843855438624386943876438834389043897439044391143918439254393243939439464395343960439674397443981439884399544002440094401644023440304403744044440514405844065440724407944086440934410044107441144412144128441354414244149441564416344170441774418444191441964354533990048810163331101358201012363910293188102780599392463103627631040184094598843704735179123414252021187919121258812627171373427151302615897421598473182744719692892091356.0000000002220053723483062627757312923332663543291104343578433285883696966375499638409493954278370558840381264013943394872538145113423353370759138047723794569379247436399023377142.85714286013075147.757142863039147.757142863039147.757142862389647.757142861689647.75714286Budget438344384143848438554386243869438764388343890438974390443911439184392543932439394394643953439604396743974439814398843995440024400944016440234403044037440444405144058440654407244079440864409344100441074411444121441284413544142441494415644163441704417744184441914419644000009900000100500001010000010284000101400001039400093310001046600010689000104630001027100010603000105070009214000992400010199000102730001045200010200000941300010448000103940001048100010580000105250009269000102140001010900010220000100330009235000100220009961000983600010196000988500011039000111580001107600010799000964000010833000109460001104200010763000114320001125500010339000103240001025800083130005602000% Budget43834438414384843855438624386943876438834389043897439044391143918439254393243939439464395343960439674397443981439884399544002440094401644023440304403744044440514405844065440724407944086440934410044107441144412144128441354414244149441564416344170441774418444191441960.989666590909090931.0000492929292931.01127671641791041.00354653465346530.984406748346946751.01510729783037480.988845391572060751.00658696817061410.990135964074144840.973134998596688170.904127305744050420.360698568785902060.168936527397906270.135643095079470840.128925439548513130.122187424425634820.123807922345327980.133692884259709930.144759471871412170.15585705882352940.169815467969828960.174908786370597230.189464017702520690.199537830359698520.207990264650283560.223116959619952480.283499514510734680.306367045232034450.323113463250568780.322025831702544010.342448320542210690.3604318354087710.368885052883655970.376969782150386510.390499084993899960.387826402510788540.374869802731411240.365805417157351210.359736780785086920.356511827374503430.353228169274932890.355119605809128660.342249699990768930.347594737803763930.343648704944756410.352362166682151810.318395906228131580.300057117471600190.297431836458347980.294376962140920180.29627098431885940.287459131137117740.30161509409904674
TTC 2020 Ridership % Budget by Financial Period
2020 % Budget1234567891011120.998743930790897290.999887753836998790.509829916433479860.127156046452915920.16115044553600080.219267595465277380.323404845228706610.374391842064833280.36849458334895230.349382419820929440.328240759173398790.29513647037457182020 Budget1234567891011124506383740633561529512583993551140843545516540784090561239373511537689804255995744849822451652982021 Forecast12345678910111213080417.00103541112990916.99996087117111916.00072753814389917.00011583415120917.00007648220215915.99993608916374916.99986581916155916.99999048925290916.00007632720872917.00011260421997917.00018245722755915.99998612
Ridership by Financial Quarter
2020 BudgetQ1Q2Q3Q41386486561324331341340481031325750772021 ForecastQ1Q2Q3Q443183250.00172382649726750.00012840357821749.99993263265626750.000281177
2020 Actual / Projected + 2021 Forecast Ridership
2020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q40.812418632538263630.173572633437871080.356468703001864890.323742672850996280.320.370.430.49
Sheet2
Sheet3
-
9
Adult, 31.5%
Adult Loss, 41.3%
Post Secondary, 2.7%
Post Secondary Loss, 5.4%Senior, 2.9%
Senior Loss, 3.3%
Youth, 2.8%Youth Loss, 5.5%
Child, 1.7%Child Loss, 2.6%
Other, 0.2%
Other Loss, 0.1%
2020 Actual
2020 Revenue Ridership Impact: By User Group
Adult - Losses are mainly work trip and events related.
Post Secondary – Losses are mainly due to Fall virtual learning.
Senior – Losses are mainly due to reduction of non-essential travel.
Youth – Losses are mainly due to partial virtual learning for high school students and loss of social event travel.
December 21, 2020
-
10
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Pre-COVID-19 Apr. 19 - 25 May. 10 - 16 Jun. 21 - 27 Jul. 19 - 25 Aug. 23 - 29 Sep. 20 - 26 Oct. 18 - 24 Nov. 22 - 28
User Count by Usage FrequenciesInfrequent (1-4) Occasional (5-8) Frequent (9+) Frequent (Period Pass)
2020 Revenue Ridership Impact: By User Frequency
December 21, 2020
Rider Type Pre-COVID-19 Apr. 19 - 25 May. 10 - 16 Jun. 21 - 27 Jul. 19 - 25 Aug. 23 - 29 Sep. 20 - 26 Oct. 18 - 24 Nov. 22 - 28Frequent (Period Pass) 17% 23% 16% 11% 11% 11% 11% 12% 13%Frequent (9+) 18% 8% 9% 10% 12% 13% 13% 12% 12%Occasional (5-8) 22% 13% 15% 17% 18% 18% 19% 19% 18%Infrequent (1-4) 43% 55% 60% 62% 59% 58% 57% 57% 57%Total 1,163,135 210,018 234,122 364,843 455,771 524,335 548,145 508,255 452,863
City of Toronto State of Emergency
Start of Stage 2 Start of Stage 3 Mod. Stage 2 Grey Lockdown
-
11
Deferred Implementation of New Service Priorities• Surface Transit Improvements• Transit Fare Inspectors
Revisited Capital Program• Deferred projects based on
COVID-19 impacts • Leveraged Opportunities to
Accelerate Work
COVID-19: TTC’s Cost Management Response
Contained Costs• Realigned workforce to critical
need• Paused staff salary increases • Deferred non-essential hiring
Matched Service Capacity to Demand• Operated service at approx.
85% of normal service levels• Adjusted for overcrowding
December 21, 2020
-
12
COVID-19 2020 Financial Impact - Operating
December 21, 2020
$50.9M
March
$483.4M
April-September
$225.7M
October-December
$704.3M
Passenger Revenue Loss (net of PRESTO commissions)
Ancillary Revenue Loss$24.2M
Incremental Expenses$31.5M
COVID-19 Gross Financial Impact
Gross Impact by Time Period (before TTC Cost Containment)
Funding SourcesMTEC Funding
$7.4M
$437.4M
Safe Restart Phase 1 Safe Restart Phase 2
$164.4M
Total:$760M
Total:$760M
Total:$760M
TTC Cost Containment
$50.9M
$150.3M
$99.4M
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13
COVID-19 2021 Financial Impact - Operating
December 21, 2020
$230M
Q1
$566.4M
Q2-Q4
$725M
Passenger Revenue Loss (net of PRESTO commissions)
Ancillary Revenue Loss$15.9M
Incremental Expenses$55.5M
COVID-19 Gross Financial Impact
Gross Impact by Time Period
Funding Sources
Total:$796.4M
Total:$796.4M
Total:$796.4M
$230M
Safe Restart (SRA) Phase 2 – Q1
$184.7M
TBD
$381.7M
TBD - SRA Phase 2 Beyond March 31
SRA Phase 2 - $611.7M
-
14
COVID-19: 2020 Capital Financial Impact2020-2029 Approved Capital Budget and Plan
December 21, 2020
($000s)
COVID-19 Impacts 2020 2021 2022-2029 Total 2020-2029
Change in Projects - Reduced/DeferredSubway Track (8,606.0) (8,606.0)Signal Systems (8,196.0) 355.0 7,470.0 (371.0)Equipment (13,887.0) 1,814.0 5,727.0 (6,346.0)Purchase of WT Buses (14,125.0) 14,125.0Computer Equipment and Software (30,096.7) 7,964.8 12,277.8 (9,854.2)Service Planning (13,297.0) (900.0) 3,273.0 (10,924.0)Other Buildings and Structures (45,601.7) 31,846.7 (26,459.0) (40,214.0)Purchase of LRVs (51,793.0) 51,793.0TYSSE (12,417.6) 37,806.0 (25,388.4)Various Projects (58,981.0) (6,313.0) 21,296.4 (43,997.6)
Sub-Total (257,001.0) 138,491.5 (1,803.2) (120,312.8)Change in Projects - AcceleratedEasier Access Phase III 7,758.0 (1,090.0) (6,668.0)Environmental Programs 26,041.0 (210.0) (25,831.0)Various Projects 15,088.3 (11,577.0) (699.0) 2,812.3
Sub-Total 48,887.3 (12,877.0) (33,198.0) 2,812.3
Total COVID-19 2020 Impact (208,113.7) 125,614.5 (35,001.2) (117,500.4)
-
15
COVID-19: 2021 Capital Financial Impact
2021-2030 Capital Budget and Plan Submission
December 21, 2020
($000s)
COVID-19 Impacts 2021 2022-2030 Total 2021-2030
Change in Projects - Increased/AcceleratedSubway Track 21,344 13,560 34,904Easier Access III 12,121 (12,121) 0
Sub-Total 33,465 1,439 34,904Resilience FundingCOVID-19 Bus Barriers 2,805 2,805
Sub-Total 2,805 2,805New ProjectsSubway Public Health Initiatives 1,000 1,000
Sub-Total 1,000 1,000Total COVID-19 2021 Impact 37,270 1,439 38,709
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16
Capital
Funding for critical capital needs
Changes in intergovernmental funding
Impact of Provincial transit expansion projects
Need long term real estate investment plan given TTC and City building objectives
Asset management legislative compliance
Outdated information technology
Key Challenges and Risks
December 21, 2020
Operating
Engendering public confidence in transit
Financial impact of COVID-19 for TTC and City
What does Recovery look like? By When?
Advancing workforce diversity and inclusion
Collective Bargaining negotiations
Preparing for Eglinton Crosstown in Q1, 2022
-
17
2021 Service Initiatives
Safe, Seamless & Reliable Transit Service
Priority Initiatives
Enhance Safety Response to address COVID-19
Match Service to Demand
New: Invest in vehicle maintenance
given warranty expirations. Head of Night Operations
Capital: Fleet Procurement Subway & Surface Track SOGR RapidTO planning & analysis Queue Jump Lanes & Transit
Signal Priority
Transform to Solidify Fiscal Foundation
Priority Initiatives
Continue Business Transformation
Implement Service Efficiencies and Auditor General recommendations
Prepare for Collective Bargaining
Manage Overtime
New: ModernTO
Capital: Capital Investment Plan Update Real Estate Investment Plan SAP; Maximo Implementation
Inclusive & AccessibleService Provider
Priority Initiatives Freeze TTC Fares Gender Recruitment Outreach Apply equity lens to Service
Planning Family of Services model
New: Improve Wheel-Trans call wait
time Anti-Racism Strategy Embracing Diversity: 10 Point
Action Plan
Capital: Fully Fund Easier Access Add accessible bus and streetcar
stops
Innovate for Future Demand
Priority Initiatives Continue 5 Year Fare Policy &
10 Year Fare Collection Strategy
Advance Service Integration Open McNicoll Bus Garage
New: Line 5 Eglinton LRT Startup Cybersecurity Business Continuity &
Emergency Management
Capital: Automated Shuttle Trial Continued Roll-Out of E-Buses Expand bike parking and bike
share
December 21, 2020
-
2021 Operating Budget
and
2022-2023 Outlook
-
19
2021 Operating Budget Submission
December 21, 2020
Base Budget Reduction of $13M; Used to Fund New & Enhanced Priorities. City Funding Maintained: 0% Increase COVID Impact of $796.4M
(In $Millions)
2020 Approved
Budget
2021 Base Budget Changes
2021 New &
Enhanced2021 COVID
Impact
2021 Recommended
Budget
Total Revenues 1,353.8 (13.8) - (773.3) 566.8 (787.1) -58.1%
Total Gross Expenditures 2,143.7 (26.8) 13.0 23.1 2,153.0 9.3 0.4%
Total City Funding 789.8 (13.0) 13.0 796.4 1,586.2 796.4 100.8%
COVID Impact - - - 796.4 796.4 796.4 -
Total City Funding ex COVID 789.8 (13.0) 13.0 (0.0) 789.8 (0.0) 0.0%
Approved Operating Positions 13,720 (218) 270 17 13,789 69 0.5%
TTC Conventional & Wheel-Trans Operating Budgets
Change v. 2020Budget
-
20
2021 Base Budget PressuresBase Budget $13M lower Reinvested in new priorities.
Protects Bus Service
Opens McNicoll Garage
Addresses Vehicle Maintenance
Accommodates inflationary and unavoidable pressures
Enhances sustainability by reversing reserve draws
$69.5M in savings No impact on service.
December 21, 2020
Description TTC WT Total Pos.Base Pressures:
Prior Year Impacts (0.1) (1.0) (1.1) (30)
Economic Factors (Based on City Factors) 23.1 2.9 26.0
Legislative Changes & Calendar Impact 3.5 3.5
Operating Impact of Capital 13.6 13.6 49
Other Base Changes 49.1 (34.6) 14.5 (130)
Efficiencies, Reduction & Balancing Actions (65.8) (3.7) (69.5) (107)
Total 2021 TTC & WT Operating Funding Pressure - Base 23.4 (36.4) (13.0) (218)
Base Pressures($Millions)
-
21
Vehicle Reliability Vehicle fleet meeting or exceeding
reliability targets
Contributing factors include: Replacement of end of life vehicles Improved preventative maintenance
programs
Additional resources due to: Expiring warranty periods for the
LRV and Bus fleets Increased complexity and quantity of
systems on new LRV fleet Increased preventative maintenance
due to legislative requirements
December 21, 2020
-
22
On-Time Performance
Subway target being met.
Continued Bus & Streetcar improvement
Opening of the new McNicoll bus garage expected to yield further improvements in 2021.
December 21, 2020
-
23
McNicoll Bus Garage Opening March 2021 Reduces deadhead hours $0.3M Savings
Increases indoor bus storage Maintains up to 250 buses Built to Toronto Green Standards 24/7 Operation
December 21, 2020
-
24
Service Demand by Mode
December 21, 2020
-
25
2021 Forecast Revenue Ridership
The TTC is anticipating a slow gradual recovery in ridership demand throughout 2021 Widespread vaccine availability is a pre-requisite for more substantial ridership recovery
December 21, 2020
-
26
2021 Forecast Model Assumptions Q1 2021 32% of Budget (42.8M Rides)
• Based on ridership levels in Stage 2, 2020
Q2 additions 37% of Budget (49.3M Rides)• Increase in infrequent and occasional riders• Return to ridership levels in Stage 3, 2020
Q3 additions 43% of Budget (57.3M Rides)• Increase in period pass and transit dependent
riders• Partial return work and school
Q4 additions 49% of Budget (65M Rides)• Increase in all ridership frequency categories• Continued return of non-essential trips• Further return to work and school
2021 Total Rides 214.4M rides
December 21, 2020
-
27
TTC Conventional Operating Service Hours: Matching Service to Demand
Total Operating Service Hours 2021 Plan vs. 2020 Budget
Mode 2020 Budget 2020 Projection 2021 Plan Calendar & Service Efficiencies
Demand Responsive Service
Change
Total Change 2020 Budget vs 2021
Bus 7,416,000 7,051,000 7,358,000 (79,000) 21,000 (58,000)
Streetcar 1,048,000 925,000 921,000 20,000 (147,000) (127,000)
Subway 1,198,000 1,045,000 1,080,000 (18,000) (100,000) (118,000)
Total(Regular Service) 9,662,000 9,021,000 9,359,000 (77,000) (226,000) (303,000)
LRT Construction (supplemental bus) 199,000 101,000 138,000 - (61,000) (61,000)
Total(Regular Service +LRT Construction)
9,861,000 9,122,000 9,497,000 (77,000) (287,000) (364,000)
December 21, 2020
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28
Weekly Service Hours by Mode Demand Responsive Service Plan
Bus returning to pre-COVID service levels Optimization to address greatest needs.
Streetcar and Subway to remain at current levels until Fall 2021. Agility to restore service if required.
December 21, 2020
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29
Budget Efficiency, Reduction & Balancing Actions $53.7M in Savings No Impact to Service
Fuel Hedging and Consumption Reduced Accident Claim Payments Auditor General Recommendations Service Efficiencies (no impact to
service capacity). Eglinton East ATC McNicoll Deadhead WT Dispatch
Managing Overtime
$15.8M Reserve Draw To fund LRT supplemental
construction service
December 21, 2020
Description TTC WT Total Pos.Base Budget Reductions:
Fuel & Utilities (29.4) (0.6) (30.0)IT: Software Maintenance & Cellular Phones (2.9) (2.9)Accident Claims (8.2) (8.2)Other Line by Line Reductions (1.2) (1.3) (2.5) (18)Subtotal: Base Budget Reductions (41.7) (1.9) (43.6) (18)
Implementation of AG Recommendations:Alternate Source Savings (0.3) (0.3) 5After Market Parts Warranty (0.4) (0.4) 2Subtotal: Implementation of AG Recommendations (0.7) 0.0 (0.7) 7
Efficiency Measures:Service Efficiencies: (2.7) (1.2) (3.9) (51)Service Delivery Efficiencies (0.8) (0.5) (1.3) (27)Contract Efficiencies (2.1) (2.1) 0Divisional Clerical Efficiencies (0.8) (0.8) (10)Overtime Savings & Crew Efficiencies (1.3) (0.1) (1.4) (8)Subtotal: Efficiency Measures (7.7) (1.8) (9.5) (96)Total 2021 Efficiencies & Reduction Measures before Reserve Draw (50.1) (3.7) (53.7) (107)MX Settlement Reserve Draw (15.8) (15.8)
Total 2021 Efficiencies, Reduction & Balancing Actions (65.8) (3.7) (69.5) (107)
Efficiencies, Reductions & Balancing Actions($Millions)
-
30
Managing Operating Overtime Costs
Strategies: Maximizing use of
regular time resources.
Leveraging schedule adjustments.
Results: Approximately 50%
decline in operating overtime. (September vs February 2020)
December 21, 2020
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31
New & Enhanced Service Priority Actions
December 21, 2020
Description TTC WT Total Pos. Equity Impact Key Outcome Supported2021 Base Pressures 23.4 (36.4) (13.0) (219) New & Enhanced Service Request:
Accessibility & DiversityWheel-Trans Reservationist Wait-Time 1.7 1.7 High AccessibilityAnti-Racism & Diversity 1.1 1.1 5 High Diversity
ReliabilityVehicle Maintenance (SOGR & SWIS) 2.7 2.7 18 Medium Safety & ReliabilityHead of Night Operations 0.2 0.2 1 Medium Safety & Reliability
ResiliencyBusiness Continuity & Emergency Management 0.9 0.9 6 Medium Resiliency
Council ApprovedEglinton LRT Operations 3.9 3.9 235 High Council ApprovedCybersecurity 1.8 1.8 Low Council ApprovedModernTO 0.7 0.7 5 Low Council Approved
Subtotal: New & Enhanced Service Priority Actions 11.3 1.7 13.0 270Total 2021 Base Pressures and New & Enhanced 34.7 (34.7) 0.0 51
New & Enhanced Conventional & Wheel Trans($Millions)
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32
2022 & 2023 Outlooks$150M+ Pressure expected for 2022.
2022/2023 Key Drivers: Opening of Eglinton & Finch West
LRTs Demand Responsive Service Plan
Restores Subway, Streetcar, WT to 2020 Levels.
Annual Escalation of Energy, Benefits, Contracts.
Excludes CBA Impact after contract expiry (March 31, 2021 for Local 113).
December 21, 2020
($Millions) 2022 2023Economic Factors & Prior Year Impacts:
Annual Escalation of Energy, Benefits & Contracts 55.2 28.9 Streetcar, Subway, Wheel-Trans: Restoring 2020 service levels 45.3 5.4 Other 3.5 2.1
City Initiatives/Expansion:LRT Expansion 50.6 30.5
Base Changes:Base Changes 8.1 7.8
EfficienciesScheduling Efficiencies (5.6) (18.0) Other Efficiencies & Line by Line (3.4) (1.5)
Revenue Changes:LRT Revenue (5.4) (3.1) Other Revenue & Reserve Draw Changes 1.0 (2.0)
Total 2020 Operating Funding Pressure - Base 149.3 50.1New Requests & Initiatives
Cybersecurity 2.0 5-Year Service Plan - 9.6 Other Vehicle Maintenance/Safety/Reservations 1.6 (0.8)
Total 2022 & 2023 Operating Funding Pressure - Base & New 152.9 58.9
TTC & WT Outlook 2022 and 2023: Incremental Funding Requirements excluding COVID-19 Impact
-
33
Ridership and Revenue Forecast: 2022 and 2023 Anticipating widespread vaccination by end of
2021 Passengers begin to return to pre-pandemic
routines in 2022.
Expecting downtown offices to continue flexible work arrangements in 2021 and beyond. Lower than normal employment related
ridership.
Expected changes to commuting, teleworking and discretionary system usage. Continued 2022 ridership impact.
Recovery dependent on pace of economic recovery and the continuation of telework. Lingering ridership of pandemic expected to
continue into 2023. * 2022/23 revenue projection is a directional estimate, revenue modelling continues
December 21, 2020
0
20
40
60
80
100
2018 2019 2020 PA 2021 2022 2023
Annu
al R
ider
ship
and
Rev
enue
Inde
xed
to 2
018
Ridership and Revenue Trends 2018-2023(Baselined to 100)
Revenue Ridership Boardings Passenger Revenue
-
34
COVID-19 Impact on 2022 and 2023
Financial impact of COVID-19 expected to remain a factor through 2023.
Financial Impact of COVID-19 will not be eliminated until ridership fully recovers.
Notes: COVID Figures represent total absolute value for given year 2022/23 revenue projection is a directional estimate, revenue modelling continues
December 21, 2020
TTC Conventional & Wheel-Trans 2022 2023COVID-19 PressurePassenger Revenues (Net of PRESTO Fees) 340.9 131.1 Ancillary Revenues 9.2 3.4 Incremental Expenses 36.6 1.8
Total COVID-19 Financial Impact 386.7 136.3
COVID-19 Financial Impact($Millions)
2022 2023152.9 58.9 386.7 136.3 539.6 195.2
Combined 2022 & 2023 Outlook($Millions)
Combined Outlook incl. COVID-19 Impact
Operating Funding PressureCOVID-19 Financial Impact
TTC Conventional & Wheel-Trans
-
2021 Capital Investment Plan
and
2021-2030 Capital Budget & Plan
-
36
$19.4 B Capital Asset Inventory to Deliver Services
Tunnels & Structures
$6.749 billion
Rail Service Equipment $0.151 billion
Rolling Stock $4.113 billion
Buildings & Structures
$4.162 billion
Surface Track System
$2.623 billion
Buses$1.552 billion
Other$0.085 billion
December 21, 2020
-
37
Capital Investment Plan: BenefitsThe Capital Investment Plan provides:
Awareness, education and better understanding of required capital needs
A clear view of required capital investments over the next 15 years
Increased focus on (base) state of good repair and projects that improve capacity; support growth
A distinction between what capital requirements are funded vs. unfunded
The value of investing and the risks of failing to invest
A multi-year planning tool; forms basis for 2021
December 21, 2020
-
38
Capital Investment Plan: 2020 Results
New Toronto-Ontario Transit Partnership (October 2019) recognizes need for critical unfunded subway SOGR needs.
Bloor-Yonge Capacity Improvements Project deemed priority project with tri-party funding commitment (1/3 each of $1.5B total)
City Council approves tax levy increase to raise $4.7 billion in new City Building Funds dedicated to TTC’s capital needs
Obtained Board approval for a Fleet Procurement Strategy and Plan
Began planning and early works for the Bloor-Yonge Capacity Improvements; Line 1 and 2 Capacity Enhancements and the ATC Line 2 capital projects
Accelerated critical asbestos removal due to lower ridership to ensure ATC Line 1 installation is completed as planned.
Accelerated critical subway track and other SOGR work due to lower ridership.
December 21, 2020
-
Fleet Procurement Strategy
*Change from October 22 Board Report entitled “TTC Fleet Procurement Strategy and Plan” is a result of the change over the nine common years and the new tenth year for the 2021-2030 Budget Submission
39 December 21, 2020
Need: 1,422 BusesEstimated Cost: $2.05B*
Funding: $688M*Initial Procurement: 300 Buses
Need: 512 Wheel-Trans BusesEstimated Cost: $206M*
Funding: $48MInitial Procurement: 70 Buses
Need: 80 Subway TrainsEstimated Cost: $2.24B
Funding: $624MInitial Procurement: n/a
Need: 60 StreetcarsEstimated Cost: $500M
Funding: $140MInitial Procurement: 13 Streetcars
-
40
Bloor-Yonge Capacity Improvements
Project Schedule
December 21, 2020
-
2021 Capital Process: 3 Step Approach
10 Year Capital Plan Submission
ProjectIn-Take Process
Final 10-year Capital Plan
Submission to the City
Update and Finalize Capital
Investment Plan
Investment Panel
41 December 21, 2020
-
42
2021 Budget Process: Actions & Results
December 21, 2020
Actions: Recalibrated the 10-year Capital Plan’s project estimates
Reviewed requirements for major capital projects based on stage gating press;
Revisited assumptions, scope, and timing to confirm existing capital priorities and requirements
Identified and confirmed emergent capital priorities to be funded
Results: Created “funding room” of $787.2 million
Added eligible development charge funding of $323.7 million
Able to fund $1.11 billion in unfunded capital priorities and needs
95% of funding provided for Health and Safety, Legislated and State of Good Repair projects
-
43
2021-2035 Capital Investment Plan: Overview
Health & Safety/Legislative
3%
State of Good Repair
58%
Service Improvement/
Growth39%
$37.77B
By Category
December 21, 2020
By Mode
Subway - Line 122%
Subway - Line 234%
Buses17%
Streetcars9%
Wheel-Trans1%
Stations11%
Other Infrastructure6%
$37.77B
-
44
Change in Capital Investment Plan
December 21, 2020
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
2020-2034 Total CIP 2021-2035 Total CIP
2021-2035 CIP$37.8 billion
2020-2034 CIP$36.1 billion
-
45
2021-2030 Capital Budget & Plan: Key Highlights
Increases steady state funding for essential safety and SOGR capital works Continues to leverage lower ridership levels
Ensures funding to meet legislative requirements and timelines
Aligns with Fleet Procurement Plan
Continues business modernization: SAP; Maximo; Vision, Wheel Trans and Stations Transformation
Maintains funding to complete ATC Line 1 and adds 10th year funding for ATC Line 2
Reflects revised timing and requirements for Line 1 & 2 Capacity Enhancements and Bloor-Yonge Capacity Improvements projects
Adds funding for COVID-related capital works
December 21, 2020
-
2021-2030 Capital Budget & Plan vs. 2020 Comparison
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
2020-2029 Capital Budget & Plan 2021-2030 Capital Budget & Plan
46 December 21, 2020
-
2021-2030 Capital Budget & Plan: Vehicle vs. Infrastructure
0
200
400
600
800
1,000
1,200
1,400
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
2020-2029 Infrastructure Projects 2021-2030 Infrastructure Projects 2020-2029 Vehicle Projects 2021-2030 Vehicle Projects
47 December 21, 2020
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Major Programs: 10-Year Capital Plan
Track work
$725.04 M6%
Subway TrackSurface Track
Subway Rail Grinding
Electrical systems
$573.77 M5 %
Traction PowerPower Distribution /
Electric SystemsCommunications
Signal systems
$1,012.73 M9%
Signal SystemsLine 1 and 2 Automatic
Train Control Re-signalling
$2,517.66M21%
Fire Ventilation UpgradeEasier Access Phase III
Toronto Rocket/T1 Rail Yard Accommodation
McNicoll Bus Garage
Buildings & Structures
Capacity Improvements
$4,003.86 M34 %
Bloor-Yonge Capacity Improvements
Line 1 & 2 Capacity Enhancements
Vehicles
$2,206.18 M18%
T1 25-Year OverhaulBus Overhaul
Streetcar OverhaulPurchase of additional vehicles
Information Technology
$381.52 M3 %
SAP ERP ImplementationVISION – Computer Aided Dispatch /
Auto. Vehicle Location SystemMAXIMO – Asset management system
Equipment & Other
$486.11 M4%
Shop & Maintenance Equipment
Revenue & Fare Handling Equipment
Fare System
$ 11,906.87 M
48 December 21, 2020
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49
How the Capital Program is Funded
City of Toronto Funding Provincial Funding Federal Funding
$7,961.7M $1,458.8M $2,486.4M
67% 12% 21%
Recoverable Debt $6,684.1M PGT $934.0M FGT $1,969.3M
Debt $544.6M PTIF 2 $500.0M PTIF 1 $14.0M
Development Charges $564.8M 204 LRV $24.3M PTIF 2 $500.0M
Other $168.2M Other $0.5M Other $3.1M
December 21, 2020
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50
State of Good Repair (SOGR) Funding and Backlog
December 21, 2020
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
1,000.000
2,000.000
3,000.000
4,000.000
5,000.000
6,000.000
7,000.000
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Bac
klog
% A
sset
Val
ue
SOGR Funding Accumulated Backlog (Excluding Vehicle OH & Procurement) Total Accumulated Backlog Est. Backlog as % of Asset Value
In M
illio
ns ($
)
$ Million 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030SOGR Funding 811.187 1,148.076 935.599 735.481 693.830 596.540 530.419 528.290 515.321 356.445
Accumulated Backlog (Excl. Vehicle OH & Procurement) 21.112 83.370 268.981 612.049 939.980 1,234.735 1,529.802 1,853.485 2,116.743 2,441.194
Total Accumulated Backlog Est. 21.112 215.767 505.424 1,013.501 1,772.127 2,662.962 3,539.728 4,486.406 5,359.189 6,331.180
Backlog as % of Asset Value 0.1% 1.1% 2.6% 5.2% 9.1% 13.7% 18.2% 23.1% 27.6% 32.6%
Total Asset Value 19,435.000 19,435.000 19,435.000 19,435.000 19,435.000 19,435.000 19,435.000 19,435.000 19,435.000 19,435.000
-
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Federal Funding Provincial Funding City Funding Development Charges (via City)
2021-2035 Capital Investment Plan: Funded vs Unfunded
Note: Assuming $2.627B in preliminary Post 2030 Funding
51 December 21, 2020
$23.24B in Unfunded Capital Projects over 15 years
5-Year Additional for CIP
$10.35B in Unfunded Capital Projects over 10 years
10-Year Capital Plan
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52
Capital Needs Constraints
2021 2022 2023 2024 2025 5 Year Total 2026 to 2030 10 year Total 2031 to 2035 15 Year TotalHEALTH & SAFETY/LEGISLATIVE 0.9 19.7 25.6 16.3 13.6 76.1 43.5 119.6 62.4 182.0FLEET PURCHASE PROGRAMS 99.3 212.7 191.7 172.0 313.8 989.5 2,486.4 3,475.9 17.0 3,492.9
PURCHASE OF BUSES 4.9 12.1 231.9 248.9 1,270.5 1,519.4 1,519.4PURCHASE OF SUBWAY CARS 168.3 83.4 48.6 80.1 380.4 1,215.9 1,596.2 17.0 1,613.3PURCHASE OF STREETCARS 99.3 44.5 103.4 111.3 1.8 360.2 360.2 360.2
OVERHAUL PROGRAMS 36.5 104.3 133.7 274.5 829.4 1,103.9 764.0 1,868.0BUS OVERHAUL 59.7 69.3 129.0 332.4 461.4 307.0 768.4STREETCAR OVERHAUL 20.2 20.3 40.5 54.9 95.5 357.0 452.5SUBWAY OVERHAUL 36.5 24.4 44.1 105.0 442.1 547.1 100.0 647.1
SERVICE PLANNING 7.8 23.1 37.9 54.1 35.7 158.8 213.0 371.8 14.0 385.8KEY BUILDINGS AND STRUCTURES 1.5 11.3 37.3 31.3 81.4 1,490.2 1,571.6 2,079.4 3,651.0
Hillcrest Track Replacement Expansion 1.5 11.3 37.3 31.3 81.4 81.4 81.4Line 1 Capacity Enhancement 1,490.2 1,490.2 2,079.4 3,569.6
STATE OF GOOD REPAIR 20.8 56.6 179.5 338.1 323.6 918.7 1,501.2 2,419.9 7,711.7 10,131.6SERVICE IMPROVEMENTS 0.4 2.6 14.6 17.1 8.5 43.2 257.5 300.7 4,325.6 4,626.2GROWTH 0.2 104.9 39.3 90.8 25.5 260.7 725.4 986.1 543.1 1,529.2
Total Unmet Needs (Not Included) 129.5 421.2 536.4 830.1 885.7 2,802.9 7,546.6 10,349.5 15,517.2 25,866.7
Project DescriptionCash Flow (In $ Millions)
December 21, 2020
Note: Excludes $2.627B in preliminary unassigned Post 2030 Funding
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2021 BUDGET PROCESSNEXT STEPS
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54
2021 Budget Process: What’s Next
Item Date
2021 Budget Administrative Review December 2, 2020Informal Budget Committee Review December 3, 2020TTC Budget Working Group December 9, 2020Special Board Meeting December 21, 2020Public Budget Launch January 14, 2021Budget Committee Reviews January 20-22, 2021Special Executive Committee Meeting February 11, 2021Special City Council Meeting February 18, 2021Council Approval February 2021 (TBD)
December 21, 2020
-
THANK YOU
QUESTIONS?
-
Appendix
December 21, 2020
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58
Appendix 1: 2021-2030 Capital Investment Plan
December 21, 2020
(In $000s) 2021Budget2022Plan
2023Plan
2024Plan
2025Plan
2026Plan
2027Plan
2028Plan
2029Plan
2030Plan 2021 - 2030 Total
Health & Safety & Legislated SOGR
Growth & Improved Service
ATC Resignalling 63,600 79,723 100,930 65,000 100,000 100,000 100,000 100,000 100,000 100,000 909,253 909,253Bicycle Parking at Stations 586 586 586Bridges & Tunnels 33,811 49,493 52,127 49,112 47,585 48,102 46,813 49,767 50,682 52,136 479,628 7,000 472,628Bus Overhaul 62,855 55,911 58,891 59,700 70,100 77,447 64,022 63,821 65,611 66,459 644,817 2,805 642,012Communications 17,836 16,543 16,063 15,072 13,302 14,653 13,635 14,955 15,718 19,271 157,048 5,333 151,671 44Computer Equipment & Software 83,573 78,190 77,182 67,053 46,278 34,139 13,940 15,195 14,539 14,316 444,406 4,780 423,285 16,341Corporate Initiatives 10,780 10,780 9,139 10,780 9,480 9,480 9,480 9,480 9,395 9,395 98,189 98,189Easier Access Phase III 83,475 99,106 132,282 130,650 143,326 107,516 696,355 696,355Environmental Programs 7,575 13,496 10,599 8,672 9,668 9,842 10,020 10,263 5,783 5,000 90,918 90,918Equipment 51,724 78,743 91,528 154,256 170,761 111,786 102,493 113,328 99,755 77,354 1,051,728 40,257 1,011,471Fare System 4,578 6,951 33,013 24,744 69,286 591 68,695Finishes 24,861 57,117 54,196 27,787 24,276 10,713 10,061 10,314 10,583 10,860 240,768 20,540 204,973 15,255Fire Ventilation Upgrade 30,623 49,461 42,173 35,916 38,736 28,144 44,500 60,676 76,258 34,284 440,771 440,771Furniture & Office Equipment 276 154 320 141 305 157 149 302 35 84 1,923 1,923Kipling Station Improvements 708 708 708Leslie Barns 4,450 11,983 7,930 8,700 10,200 72,700 93,200 71,500 28,400 309,063 309,063McNicoll New Bus Garage 650 5,760 6,410 6,410On-Grade Paving Rehabilitation Program 9,474 22,748 10,869 8,998 8,172 9,038 12,500 12,500 12,000 12,000 118,299 118,299Other Buildings and Structures 130,550 314,909 481,240 474,113 417,228 605,082 693,012 1,002,663 1,188,181 858,901 6,165,879 115,487 1,340,014 4,710,378Other Maintenance Equipment 3,047 2,156 1,191 1,206 1,221 1,237 1,595 1,624 1,356 1,417 16,050 16,050Power Distribution/Electric Systems 7,741 9,345 9,523 15,317 20,001 25,466 32,203 31,822 24,618 14,330 190,366 2,413 184,828 3,125Purchase Automotive Non-Revenue Vehicles 5,716 17,465 13,470 16,702 8,817 5,468 4,948 5,440 6,929 6,948 91,903 62,658 29,245Purchase of Buses 6,481 347,343 167,384 162,176 227,107 246,183 219,485 222,020 211,920 246,208 2,056,307 2,033,569 22,738Purchase of Streetcars 334,788 45,890 103,375 111,295 1,757 597,104 97,810 499,294Purcase of Subway Cars 11,771 174,858 101,465 97,858 233,780 403,919 412,893 293,909 298,772 196,946 2,226,171 1,732,669 493,502Purchase of Buses - Wheel Trans Buses 27,657 8,698 16,262 12,050 13,565 13,302 41,585 44,338 24,173 4,387 206,017 206,017Purchase Rail Non-Revenue Vehicles 4,404 9,381 10,057 4,866 4,481 1,946 711 726 742 2,009 39,323 39,323Queensway Bus Garage Renovation 650 2,600 7,550 10,800 10,800Rail Non-Revenue Vehicle Overhaul 1,045 6,496 5,833 17,401 3,015 7,577 2,166 4,062 3,902 51,496 38,117 13,380Revenue & Fare Handling Equipment 8,387 3,250 2,250 1,800 1,200 400 400 1,300 1,300 1,300 21,587 21,587Safety Program 1,434 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 37,434 37,434Service Planning 42,302 63,467 54,270 64,945 43,098 48,043 52,672 38,837 49,825 37,628 495,087 37,419 37,030 420,638Sheppard Subway 3,705 3,705 3,705Shop Equipment 14,424 13,448 9,440 5,546 4,485 2,749 3,397 3,720 3,739 4,170 65,120 65,120Signal Systems 18,732 15,748 18,405 13,871 12,361 10,552 5,624 3,576 3,770 4,005 106,644 106,644Streetcar Network Upgrades & BRT 5,031 10,788 9,728 2,923 28,470 25,670 2,800Streetcar Overhaul 4,641 15,657 17,938 32,996 21,336 21,078 2,447 3,175 3,368 25,474 148,110 9,708 138,402Subway Car Overhaul 32,153 35,251 72,742 55,666 75,457 96,973 90,807 94,596 109,112 109,742 772,499 15,355 757,144Subway Track 41,272 30,981 29,395 27,589 32,164 39,716 39,372 37,443 37,566 34,805 350,303 347,737 2,566Surface Track 51,544 66,308 89,540 105,877 95,242 45,926 47,167 55,838 46,232 47,000 650,674 553,331 97,343Toronto Rocket/T1 Rail Yard Accommodation 34,735 42,541 37,146 28,894 25,274 168,590 168,590Traction Power 35,642 37,100 29,678 37,698 44,796 42,215 40,420 39,071 39,028 40,383 386,031 386,031Transit Shelters & Loops 545 545 545 545 545 545 545 545 565 652 5,577 5,577Warehouse Consolidation 1,941 64 2,005 2,005Yonge-Bloor Capacity Improvement 45,000 55,000 80,500 155,700 154,000 179,000 179,000 179,000 179,000 179,000 1,385,200 1,385,200
Expansion ProjectsScarborough Subway Extension 55,629 64,465 523 120,617 120,617Toronto York Spadina Subway Extension 19,644 13,248 4,050 4,062 3,347 2,837 47,188 47,188Waterfront Toronto 6,400 32,766 10,810 49,976 49,976
Total Capital Plan (including carry forward from 2020) 1,444,091 2,081,681 2,080,602 2,129,227 2,140,467 2,437,931 2,393,096 2,597,910 2,727,017 2,224,366 22,256,388 1,111,474 13,182,369 7,962,545
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59
Appendix 2: 2021 Capital Budget; 2022 - 2030 Capital Plan Including Carry Forward Funding
December 21, 2020
(In $000s) 2021Budget2022Plan
2023Plan
2024Plan
2025Plan
2026Plan
2027Plan
2028Plan
2029Plan
2030Plan 2021 - 2030 Total
Health & Safety & Legislated SOGR
Growth & Improved Service
ATC Resignalling 63,600 79,723 100,930 65,000 100,000 100,000 100,000 100,000 100,000 100,000 909,253 909,253Bicycle Parking at Stations 586 586 586Bridges & Tunnels 33,711 49,393 52,027 49,012 47,485 46,802 45,513 48,467 49,382 50,836 472,628 472,628Bus Overhaul 62,855 55,911 58,891 15 798 1,059 934 951 967 1,065 183,446 2,805 180,641Communications 17,166 15,372 15,281 13,879 12,375 13,758 12,182 11,321 10,717 10,988 133,039 4,335 128,660 44Computer Equipment & Software 82,726 76,849 74,345 63,096 43,505 23,001 8,137 3,207 3,168 3,494 381,526 4,780 360,406 16,341Corporate Initiatives 10,780 10,780 9,139 10,780 9,480 9,480 9,480 9,480 9,395 9,395 98,189 98,189Easier Access Phase III 83,475 99,106 132,282 130,650 143,326 107,516 696,355 696,355Environmental Programs 7,075 12,396 5,999 4,972 5,968 6,142 6,320 6,563 5,783 5,000 66,218 66,218Equipment 51,724 65,320 68,914 46,264 25,009 23,491 22,480 23,387 18,924 11,044 356,557 40,257 316,300Fare System 4,578 4,951 6,013 4,744 20,286 591 19,695Finishes 24,861 48,644 29,446 9,546 7,405 760 800 800 800 800 123,862 3,039 117,145 3,678Fire Ventilation Upgrade 30,623 49,461 42,173 35,916 38,736 28,144 44,500 60,676 76,258 34,284 440,771 440,771Furniture & Office Equipment 276 154 320 141 305 157 149 302 35 84 1,923 1,923Kipling Station Improvements 708 708 708Leslie Barns 4,450 11,613 16,063 16,063McNicoll New Bus Garage 650 5,760 6,410 6,410On-Grade Paving Rehabilitation Program 9,474 22,748 10,869 8,998 8,172 9,038 12,500 12,500 12,000 12,000 118,299 118,299Other Buildings and Structures 128,403 202,477 383,870 261,224 302,575 343,507 282,319 257,573 248,438 208,278 2,618,664 115,487 508,986 1,994,191Other Maintenance Equipment 3,047 1,826 1,191 1,206 1,221 1,237 1,264 1,293 1,356 1,417 15,058 15,058Power Distribution/Electric Systems 7,741 9,337 8,836 12,625 15,443 20,908 27,645 27,264 20,062 9,267 159,128 2,413 153,815 2,900Purchase Automotive Non-Revenue Vehicles 5,716 14,194 4,499 2,812 2,812 2,812 2,812 2,812 2,841 2,841 44,151 14,906 29,245Purchase of Buses 6,481 347,343 167,384 162,176 8,743 611 611 611 611 611 695,182 672,444 22,738Purchase of Streetcars 235,456 1,426 236,882 97,810 139,072Purcase of Subway Cars 11,771 6,574 18,089 49,227 153,710 116,294 111,011 83,885 79,394 629,955 466,065 163,890Purchase of Buses - Wheel Trans Buses 27,657 8,698 11,345 47,700 47,700Purchase Rail Non-Revenue Vehicles 4,404 9,381 10,057 4,866 4,481 1,946 711 726 742 2,009 39,323 39,323Queensway Bus Garage RenovationRail Non-Revenue Vehicle Overhaul 1,045 6,496 5,833 17,401 3,015 7,577 2,166 4,062 3,902 51,496 38,117 13,380Revenue & Fare Handling Equipment 8,387 3,250 2,250 1,800 1,200 400 400 1,300 1,300 1,300 21,587 21,587Safety Program 1,434 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 10,434 10,434Service Planning 34,155 34,285 10,363 6,380 2,800 2,800 2,800 2,800 2,800 2,800 101,983 16,129 15,741 70,113Sheppard Subway 3,705 3,705 3,705Shop Equipment 8,681 7,408 5,241 1,455 2,637 941 955 963 969 1,592 30,842 30,842Signal Systems 16,850 14,898 17,966 13,871 12,361 10,552 5,624 3,576 3,770 4,005 103,473 103,473Streetcar Network Upgrades & BRT 5,031 2,321 7,352 4,552 2,800
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60
Appendix 2: 2021 Capital Budget; 2022 - 2030 Capital Plan Including Carry Forward Funding
December 21, 2020
(In $000s) 2021Budget2022Plan
2023Plan
2024Plan
2025Plan
2026Plan
2027Plan
2028Plan
2029Plan
2030Plan 2021 - 2030 Total
Health & Safety & Legislated SOGR
Growth & Improved Service
Streetcar Overhaul 4,641 15,657 17,938 12,797 1,000 620 52,654 9,708 42,946Subway Car Overhaul 32,153 35,251 36,245 31,222 31,392 18,459 8,205 10,000 22,460 225,387 15,355 210,032Subway Track 41,272 28,481 27,895 26,589 32,164 39,716 39,372 37,443 37,566 34,805 345,303 342,737 2,566Surface Track 51,544 64,808 49,335 36,261 23,704 28,502 31,462 38,834 26,417 28,871 379,738 363,778 15,960Toronto Rocket/T1 Rail Yard Accommodation 34,735 42,541 37,146 28,894 25,274 168,590 168,590Traction Power 25,519 24,848 24,668 24,014 28,780 29,117 29,968 30,032 31,781 32,875 281,602 281,602Transit Shelters & Loops 545 545 545 545 545 545 545 545 565 652 5,577 5,577Warehouse Consolidation 1,941 64 2,005 2,005Yonge-Bloor Capacity Improvement 45,000 55,000 80,500 155,700 154,000 179,000 179,000 179,000 179,000 179,000 1,385,200 1,385,200
Expansion ProjectsScarborough Subway Extension 55,629 64,465 523 120,617 120,617Toronto York Spadina Subway Extension 19,644 13,248 4,050 4,062 3,347 2,837 47,188 47,188Waterfront Toronto 6,400 32,766 10,810 49,976 49,976
Total Expenditures (including carry forward from 2020) 1,314,600 1,660,473 1,544,208 1,299,140 1,254,768 1,178,728 988,698 959,476 952,562 754,215 11,906,871 991,867 6,851,189 4,063,814
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61
Appendix 3: New Projects/ Major Scope Increases (Non-COVID)
December 21, 2020
New Projects to the PlanOngoing capital condition assessment prg 750.0 2,000.0 2,040.0 2,080.0 2,120.0 11,010.0 20,000.0Warehouse Consolidation - Materials Mgmt 176.0 176.0Warehouse Consolidation - Vehicle Eng.SE 882.0 64.0 946.0Warehouse Consolidation - Barcoding 883.4 883.4Streetcar Camera & Monitoring Systems 853.7 8,854.3 9,708.0Overhaul RT40 - Trucks & Conveyer 53.0 1,687.1 2,825.0 4,565.1Eglinton Crosstown LRT - Faregates 4,322.0 4,322.0Finch West LRT - Faregates 315.0 315.0CCMS System for Maintenance Manuals 490.0 975.0 635.0 2,100.0Digital Asset Management 225.0 40.0 265.0SAP SOGR 100.0 100.0 100.0 100.0 100.0 500.0 1,000.0ITS Service Management 1,279.0 220.0 1,499.0Mobile Bi-Law Ticketing 970.0 970.0Case Management for DHRD 1,029.9 1,029.9Bus Lane Implementation 8,755.0 8,755.0Subtotal 23,866.9 16,860.3 7,400.0 3,180.0 3,220.0 12,130.0 66,657.2
Major Scope Increases (>$5M)Tangent Surf Track Replacement Program 4,983.0 6,257.0 63,539.0 74,779.0Special Surf Track Replacement Program 2,238.0 7,674.0 3,168.0 15,842.0 28,922.0Reconstruction of Streetcar Overhead 3,913.0 3,737.0 1,594.0 9,244.0Subway Escalator Overhaul Program 747.0 824.0 782.0 5,597.0 7,950.0Fall Prevention Systems 200.0 1,000.0 2,000.0 1,200.0 20,400.0 24,800.0Fire Ventilation Upg & 2nd Exits Program 240,963.0 240,963.0Easier Access Phase III 136,087.0 107,516.0 243,603.0Vehicle Engineering Additions 1,067.0 2,812.0 2,812.0 14,118.0 20,809.0
Subtotal 7,968.0 18,868.0 6,586.0 6,406.0 143,267.0 467,975.0 651,070.0
Total Capital Recast 31,834.9 35,728.3 13,986.0 9,586.0 146,487.0 480,105.0 717,727.2
Total 2021-20302025 2026-2030New to the 10 Year Plan / Significant Change in
Scope
($000s)
2021 2022 2023 2024
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62
Appendix 4: Capital Recast: Project Deferrals / Scope Decreases
December 21, 2020
Major Deferrals/Decreases (>$5M)Escalator Replacement Program (3,808.0) 1,777.0 1,890.0 889.0 1,582.0 (9,903.0) (7,573.0)Streetcar Network Upgrades LRV (1,763.0) (3,852.0) (114.0) (2,116.0) (7,845.0)McNicoll Bus Garage (15,760.0) 5,760.0 (10,000.0)Subway Facility Renewal Program (1,412.8) (58.0) (5,140.0) (10,010.0) (9,515.0) (1,000.0) (27,135.8)Bloor-Yonge Capacity Improvements (355.0) 500.0 700.0 (106,000.0) (5,000.0) (110,155.0)Line 1 Capacity Enhancement 2,505.0 9,898.0 104,747.0 48,875.0 118,667.0 (588,759.0) (304,067.0)Line 2 Capacity Enhancement 611.0 3,655.0 8,544.0 10,195.0 24,044.0 (126,254.0) (79,205.0)Bus (e-Vehicle) Additional - Purchase 5,565.0 (53,265.0) 24,684.0 44,988.0 (137,763.0) (115,791.0)SMS Replacement (3,826.0) (4,392.0) (8,218.0)
Total Capital Recast (17,888.8) (40,832.0) 135,111.0 93,521.0 (108,985.0) (730,916.0) (669,989.8)
Capital Recast: Project Deferrals/Scope Decreases($000s)
2025 2026-2030 Total 2021-20302021 2022 2023 2024
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63 December 21, 2020
Appendix 5: Investment Panel Review BreakdownInvestment Panel Review Summary - By Categogry
Cat. Code Category 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Total 10 YearH&S Health & Safety 8,092 10,992 1,674 1,000 1,000 1,000 1,000 1,000 1,000 1,000 27,758
LEGIS Legislated 750 1,450 1,500 2,500 137,287 109,716 4,400 4,600 4,600 4,600 271,403SOGR State of Good Repair 17,156 27,864 18,447 34,869 90,287 160,278 131,569 114,316 103,045 61,150 758,980
SI Service Improvement 14,838 12,198 4,946 3,892 2,812 2,812 2,812 2,812 2,841 2,841 52,804Total 40,836 52,504 26,567 42,261 231,386 273,806 139,781 122,728 111,486 69,591 1,110,945
Investment Panel Review Summary - By Program
Program Program Desc 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Total 10 Year1.2 Surface Track 9,454 18,058 584 0 3,168 10,155 16,490 25,783 13,082 13,871 110,6452.1 Traction Power 0 3,913 3,737 1,594 203 205 206 207 218 229 10,5122.2 Power Distribution/Electrical Systems 20 50 200 200 180 0 0 0 0 0 6502.3 Communications 240 745 445 1,721 4,213 3,791 2,256 726 431 651 15,2193.2 Equipment 1,997 7,524 10,293 12,580 5,333 9,008 11,094 11,332 12,029 10,704 91,8943.4 Bridges & Tunnels 0 0 47 2,105 2,267 220 0 0 0 0 4,6393.9 Buildings & Structures 2,271 64 0 13,311 210,972 238,318 105,200 77,876 76,981 34,284 759,277
4.13 Bus Overhaul 2,805 0 0 0 0 0 0 0 0 0 2,8054.15 Streetcar Overhaul 2,441 9,904 1,800 1,000 1,000 620 0 0 0 0 16,7654.16 Subway Car Overhaul 1,216 0 0 0 0 0 0 0 0 0 1,2164.21 Purchase of Non-Revenue Vehicles 0 0 1,067 2,812 2,812 2,812 2,812 2,812 2,841 2,841 20,8094.22 Rail Non-Revenue Vehicle Overhaul 53 1,687 2,825 0 0 0 623 726 742 2,009 8,6654.23 Purchase of Rail Non-Revenue Vehicles 0 0 0 4,758 138 7,577 0 2,166 4,062 3,902 22,6025.2 Revenue & Fare Handling Equipment 4,637 0 0 0 0 0 0 0 0 0 4,6376.1 Enviornmental Programs 1,250 1,250 1,500 1,000 1,000 1,000 1,000 1,000 1,000 1,000 11,000
7.10 Service & Program Management 5,497 2,473 1,409 100 100 100 100 100 100 100 10,0799.2 Service Plannint 8,955 6,836 2,660 1,080 0 0 0 0 0 0 19,531
Total 40,836 52,504 26,567 42,261 231,386 273,806 139,781 122,728 111,486 69,591 1,110,945
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64 December 21, 2020
Appendix 6: Capacity to Spend
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2016Approved
2017Approved
2018Approved
2019Approved
2020Approved
2021Request
(Milli
ons
$)
Carry Forward Impact Vs. Capacity to Spend
Original Budget w/o CFW Carry Forward Actual Spending
67% 68% 76% 73% 90%
0
200
400
600
800
1,000
1,200
1,400
2016 2017 2018 2019 2020Projection
2021BudgetRequest
$ M
illion
s
Budget Vs. Actual Spending by Category
Health & Safety / Legislated State of Good RepairService Improvement / Growth
92%
67%
57%62%
70%
45% 89%
85%
30%
90%
75%
38%
96%
89%
89%
2021 TTC & Wheel-Trans Operating Budget�and �2021 Capital Investment Plan & �2021-2030 Capital Budget & Plan 2021 Budget Highlights�TTC’s Service Objectives and OutcomesKey 2020 Accomplishments�COVID-19: TTC’s Service Response�Keeping Vehicles Safe���COVID-19: Partnering to Help the Most VulnerableCOVID-19: Impact on 2020 Revenue Ridership� 2020 Revenue Ridership Impact: By User Group2020 Revenue Ridership Impact: By User FrequencyCOVID-19: TTC’s Cost Management ResponseCOVID-19 2020 Financial Impact - Operating�COVID-19 2021 Financial Impact - Operating�Slide Number 14Slide Number 15Key Challenges and Risks2021 Service InitiativesSlide Number 182021 Operating Budget Submission2021 Base Budget PressuresVehicle Reliability�On-Time PerformanceMcNicoll Bus GarageService Demand by Mode 2021 Forecast Revenue Ridership �2021 Forecast Model AssumptionsTTC Conventional Operating Service Hours: Matching Service to DemandWeekly Service Hours by ModeBudget Efficiency, Reduction & Balancing Actions Managing Operating Overtime CostsNew & Enhanced Service Priority Actions2022 & 2023 OutlooksRidership and Revenue Forecast: 2022 and 2023�COVID-19 Impact on 2022 and 2023Slide Number 35$19.4 B Capital Asset Inventory to Deliver ServicesCapital Investment Plan: BenefitsCapital Investment Plan: 2020 ResultsSlide Number 39Bloor-Yonge Capacity ImprovementsSlide Number 41Slide Number 422021-2035 Capital Investment Plan: Overview�Change in Capital Investment Plan2021-2030 Capital Budget & Plan: Key HighlightsSlide Number 46Slide Number 47Slide Number 48How the Capital Program is FundedState of Good Repair (SOGR) Funding and Backlog�Slide Number 51Capital Needs ConstraintsSlide Number 532021 Budget Process: What’s NextSlide Number 55Slide Number 56AppendixAppendix 1: 2021-2030 Capital Investment PlanAppendix 2: 2021 Capital Budget; 2022 - 2030 Capital Plan Including Carry Forward FundingAppendix 2: 2021 Capital Budget; 2022 - 2030 Capital Plan Including Carry Forward FundingSlide Number 61Slide Number 62Appendix 5: Investment Panel Review BreakdownAppendix 6: Capacity to Spend