2021 TTC & Wheel-Trans Operating Budget and 2021 Capital …ttc.ca/PDF/1_2021_TTC_and_Wheel_Trans_Operating_Budget... · 2020. 12. 21. · Expanded diversity outreach with 2 online

2021 TTC & Wheel-Trans Operating Budgetand

2021 Capital Investment Plan &2021-2030 Capital Budget & Plan

TTC Board MeetingDecember 21, 2020

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

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

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

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

6

Keeping Vehicles Safe

December 21, 2020

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

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

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

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

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

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

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)

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

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

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

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

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

2021 BUDGET PROCESSNEXT STEPS

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

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

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

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

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

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

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

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