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CTT S Fiscal Year to Date Repor t (September 2012 – February 2013)

Texas Department of Transportation 1

DRAFT

12/12/2012 December 12, 2012 March 21, 2013



TABLE OF CONTENTS

A Note on Data Collect ion and Analysis 3

Texas Transpor tat ion Commission Act ions for Fiscal Year 2013 3

CTTS Execut ive Summary 4

Revenue Comparison 5

Average Weekday Transactions Comparison 6

Transactions by Type 7

Loop 1 8




State Highway 45N 12




State Highway 130 16




State Highway 45SE 20




Act ive Accounts and TxTags 24

Addit ional Informat ion 27



A Note on Data Collection and Analysis

The Central Texas Turnpike System (CTTS) Fiscal Year (FY) to Date Report is a comparison of traffic counts, revenue projections and collections, and traffic forecasts.

Information for this report was collected from records generated through the roadway Toll Management System (TMS) and the TxTag Customer Service Center (CSC) database.

Please note:

Traffic and revenue projections used in this report are based on the traffic and revenue projections documented in the 2012 CTTS Traffic and Revenue Forecast dated October 23, 2012.

Traffic and revenue projections are shown as averages in this report and have not been seasonally adjusted. Seasonal impacts, such as holidays and the number of weekdays in each month, have an impact on month-to-month changes in revenue and transactions.

Revenue and transaction data are rounded to the nearest hundred.

Transaction counts and revenue statistics are derived from different systems, and it is not possible to link the revenue totals with the transaction data in this report. Transactions are reported in the period in which they occur. Revenues are reported in the period they are received. For example, a

Pay By Mail transaction may be reported in one month, but the revenue for that transaction may not be received until a later month.

Data in this report is unaudited.

Texas Transportation Commission Actions for Fiscal Year 2013

In August of 2012, the Texas Transportation Commission adopted a number of changes to the CTTS which were

designed in aggregate to make the CTTS more self-sufficient and to strengthen the CTTS financial credit. The key

changes are summarized below:

The Texas Transportation Commission adopted an Amended Toll Plan on August 30, 2012, which

accelerated the planned toll increase (initially scheduled for September 1, 2015) to January 1, 2013. Also

included in the Amended Toll Plan:

o Conversion to a cashless system

o Annual toll escalation based on the Consumer Price Index-Urban (or ―CPI-U‖), occurring on January 1

every year thereafter

o Automatic toll escalation will occur with no action required of the Texas Transportation Commission

The Texas Transportation Commission added State Highway 45 Southeast (SH 45SE) which is an

operating toll road with no outstanding debt obligations.

The Texas Transportation Commission recently refinanced $810.3 million of outstanding debt used to fund

the CTTS around Austin, saving the state approximately $200 million over the life of the bonds. The savings

were the result of an improved credit rating and lower interest rates than when the bonds were initially sold.

The Texas Transportation Commission elected to permanently adopt the Pay By Mail program as a

payment option.



CTTS Fiscal Year to Date Highlights:

The CTTS has generated more than $45.8 million in revenue and approximately 49.3 million transactions to date in FY 2013. Both figures represent an increase over

the prior year. Average Weekday Transactions (AWTs) finished February 2013 at 305,612, surpassing AWTs in February 2012 by approximately 10 percent. CTTS Second Quarter Highlights:

Beginning on January 1, 2013, the CTTS converted to a cashless facility. Additionally, toll rates were increased on some

of the roads. These increases in toll rates contributed to larger than normal revenue variances between the same months of FY 2012.

On December 24, 2012, TxDOT began waiving charges on several Texas toll roads for disabled vets and recipients of the Purple Heart or Medal of Honor who display a specialty license

plate. Waived tolls are reimbursed to the CTTS from the State Highway Fund; therefore, there will be no effect on CTTS revenue.

CTTS transactions and revenue exceeded both projections and the same months of the prior fiscal year.

Average monthly revenue was approximately $8.4 million.

The CTTS averaged more than 7.9 million transactions a month.

An average of 72 percent of transactions posted to TxTag accounts during the second quarter.



Figure 1: CTTS Revenue Comparison

Table 1: CTTS Revenue Comparison

FY 2013 Actual

Revenue Projected Revenue

Actual Revenue - vs -

Projected Revenue Prior Year Revenue (FY 2012)

Current Revenue -vs- Prior

Year

Variance % Variance Variance % Variance

September $7,131,100 $6,815,600 $315,500 4.63% $6,407,800 $723,300 11.29%

* October $7,734,100 $6,815,600 $918,500 13.48% $6,360,900 $1,373,200 21.59%

* November $7,435,000 $6,815,600 $619,400 9.09% $6,106,100 $1,328,900 21.76%

December $7,055,500 $6,815,600 $239,900 3.52% $6,319,200 $736,300 11.65%

January $8,708,300 $8,677,900 $30,400 0.35% $5,978,400 $2,729,900 45.66%

February $7,773,400 $8,677,900 -$904,500 -10.42% $6,072,700 $1,700,700 28.01%

Totals: $45,837,400 $44,618,200 $1,219,200 2.73% $37,245,100 $8,592,300 23.07%

Note: Beginning January 1, 2013, toll rates on some of the Central Texas Turnpike System roads increased,

resulting in larger than normal revenue variances between the same months of FY 2012.

* Adjustments made to previously reported first quarter revenue to reflect delayed billings.



Figure 2: CTTS Average Weekday Transactions Comparison

Table 2: CTTS Average Weekday Transactions Comparison

FY 2013 Actual AWT

Actual AWT -vs- Projected AWT Current AWT -vs- Prior Year AWT

Projected AWT Variance % Variance Prior Year AWT

(FY 2012) Variance % Variance

September 303,435 259,642 43,793 16.87% 271,287 32,148 11.85%

October 307,826 259,642 48,184 18.56% 269,113 38,713 14.39%

November 319,982 259,642 60,340 23.24% 267,687 52,295 19.54%

December 298,858 259,642 39,216 15.10% 268,323 30,535 11.38%

January 284,345 241,567 42,778 17.71% 264,990 19,355 7.30%

February 305,612 241,567 64,045 26.51% 278,502 27,110 9.73%



Figure 3: CTTS Transactions by Type

Table 3: CTTS Transactions by Type

FY 2013

Transaction Count

TxTag Pay By Mail Cash Operational,

Emergency or Safety

Event Transactions

Totals Count Percent Count Percent Count Percent Count Percent

September 7,951,400 5,650,900 71.07% 1,651,600 20.77% 648,900 8.16%

October 8,797,200 6,331,800 71.98% 1,816,400 20.65% 649,000 7.37%

November 8,804,600 6,186,700 70.27% 1,958,400 22.24% 659,500 7.49%

December 8,253,200 5,865,400 71.07% 1,866,500 22.62% 521,300 6.31%

January 7,798,040 5,836,600 74.85% 1,961,400 25.15% 40 0.00%

February 7,683,700 5,633,700 73.32% 2,048,900 26.67% 0 0.00% 1,100 0.01%

Totals: 49,288,140 35,505,100 72.04% 11,303,200 22.93% 2,478,740 5.03% 1,100 0.00%

Note: Beginning January 1, 2013, the Central Texas Turnpike System transitioned to a cashless facility. Some cash transactions are present on the roadway due to the transition on January 1.



Loop 1 Fiscal Year to Date Highlights:

To date in FY 2013, Loop 1 has produced more than $7.1 million in revenue and 9.7

million transactions. These results reflect growth over the same period of the prior year with revenue increasing by 12.7 percent and total transactions increasing 1.3 percent. Loop 1 Second Quarter Highlights:

Beginning on January 1, 2013, Loop 1 converted

to a cashless facility. Additionally, toll rates were increased on the roadway, contributing to larger than normal revenue variances between the same months of FY 2012.

While Loop 1 revenue continues to exceed the

same months of the prior fiscal year, they fall short of projections for FY 2013 documented in the 2012 traffic and revenue study.

Average monthly revenue was approximately $1.3 million.

February 2013 AWTs finished at 61,976.

TxTag accounted for approximately 78 percent of the total transactions.



Figure 4: Loop 1 Revenue Comparison

Table 4: Loop 1 Revenue Comparison

FY 2013 Actual Revenue Projected Revenue

Actual Revenue - vs - Projected Revenue

Prior Year Revenue

(FY 2012)

Current Revenue -vs- Prior Year


September $1,057,900 $1,113,000 -$55,100 -4.95% $1,052,400 $5,500 0.52%

October $1,143,200 $1,113,000 $30,200 2.71% $1,083,000 $60,200 5.56%

* November $1,056,800 $1,113,000 -$56,200 -5.05% $1,018,100 $38,700 3.80%

December $1,037,600 $1,113,000 -$75,400 -6.77% $1,055,300 -$17,700 -1.68%

January $1,449,300 $1,572,000 -$122,700 -7.81% $1,058,500 $390,800 36.92%

February $1,361,200 $1,572,000 -$210,800 -13.41% $1,038,300 $322,900 31.10%

Totals: $7,106,000 $7,596,000 -$490,000 -6.45% $6,305,600 $800,400 12.69%

Note: Beginning January 1, 2013, toll rates on Loop 1 increased 50%, resulting in larger than normal revenue variances

between the same months of FY 2012.

* Adjustment made to previously reported November 2012 revenue.



Figure 5: Loop 1 Average Weekday Transactions Comparison

Table 5: Loop 1 Average Weekday Transactions Comparison

FY 2013 Actual AWT


Projected AWT

Variance % Variance Prior Year AWT


September 63,415 56,975 6,440 11.30% 61,561 1,854 3.01%

October 62,916 56,975 5,941 10.43% 60,826 2,090 3.44%

November 62,802 56,975 5,827 10.23% 59,442 3,360 5.65%

December 60,733 56,975 3,758 6.60% 59,446 1,287 2.16%

January 59,325 54,517 4,808 8.82% 60,529 -1,204 -1.99%

February 61,976 54,517 7,459 13.68% 62,481 -505 -0.81%



Figure 6: Loop 1 Transactions by Type

Table 6: Loop 1 Transactions by Type

FY 2013

Transaction Count

TxTag Pay By Mail Cash

Totals Count Percent Count Percent Count Percent

September 1,596,700 1,227,200 76.86% 249,100 15.60% 120,400 7.54%

October 1,744,200 1,353,400 77.59% 265,800 15.24% 125,000 7.17%

November 1,637,000 1,261,200 77.05% 261,000 15.94% 114,800 7.01%

December 1,615,000 1,251,500 77.49% 269,100 16.66% 94,400 5.85%

January 1,591,400 1,288,900 80.99% 302,500 19.01% 0 0.00%

February 1,523,300 1,216,600 79.87% 306,700 20.13% 0 0.00%

Totals: 9,707,600 7,598,800 78.28% 1,654,200 17.04% 454,600 4.68%

Note: Beginning January 1, 2013, Loop 1 transitioned to a cashless facility.



SH 45N Fiscal Year to Date Highlights:

SH 45N has generated approximately $12.6 million in revenue and 18.3 million transactions year to date in FY 2013. Both numbers reflect an increase over the same period of the prior year by 19.7 percent and 7 percent respectively. SH 45N Second Quarter Highlights:

Beginning on January 1, 2013, SH 45N converted to a cashless facility. Additionally, toll rates were increased on the roadway, contributing to larger than normal revenue variances between the same months of FY 2012.

SH 45N transactions and revenue met or exceeded the same months of the prior fiscal year.

Revenue for the quarter averaged approximately $2.3 million per month.

February 2013 AWTs finished at 113,022, which exceeded AWTs in February 2012 and projections by approximately 4 percent and 27 percent respectively.

TxTag accounted for approximately 77 percent of

the total transactions.



Figure 7: SH 45N Revenue Comparison

Table 7: SH 45N Revenue Comparison



Projected Revenue Prior Year

Revenue (FY 2012)


Year


September $1,868,500 $1,851,100 $17,400 0.94% $1,780,700 $87,800 4.93%

October $1,998,000 $1,851,100 $146,900 7.94% $1,796,900 $201,100 11.19%

* November $1,869,900 $1,851,100 $18,800 1.02% $1,682,000 $187,900 11.17%

December $1,840,400 $1,851,100 -$10,700 -0.58% $1,758,400 $82,000 4.66%

January $2,581,500 $2,505,700 $75,800 3.03% $1,763,100 $818,400 46.42%

February $2,435,000 $2,505,700 -$70,700 -2.82% $1,738,700 $696,300 40.05%

Totals: $12,593,300 $12,415,800 $177,500 1.43% $10,519,800 $2,073,500 19.71%

Note: Beginning January 1, 2013, toll rates on SH 45N increased 50%, resulting in larger than normal revenue variances

between the same months of FY 2012.




Figure 8: SH 45N Average Weekday Transactions Comparison

Table 8: SH 45N Average Weekday Transactions Comparison

FY 2013 Actual AWT


Projected

AWT Variance % Variance

Prior Year AWT


September 115,703 99,760 15,943 15.98% 106,361 9,342 8.78%

October 116,106 99,760 16,346 16.39% 105,510 10,596 10.04%

November 116,175 99,760 16,415 16.45% 102,992 13,183 12.80%

December 111,950 99,760 12,190 12.22% 103,344 8,606 8.33%

January 107,914 88,776 19,138 21.56% 104,679 3,235 3.09%

February 113,022 88,776 24,246 27.31% 108,776 4,246 3.90%



Figure 9: SH 45N Transactions by Type

Table 9: SH 45N Transactions by Type

FY 2013 Transaction Count TxTag Pay By Mail Cash

Totals Count Percent Count Percent Count Percent

September 3,001,000 2,291,800 76.37% 479,700 15.98% 229,500 7.65%

October 3,282,700 2,512,400 76.54% 535,100 16.30% 235,200 7.16%

November 3,111,900 2,369,600 76.14% 519,600 16.70% 222,700 7.16%

December 3,064,500 2,333,800 76.16% 534,500 17.44% 196,200 6.40%

January 2,961,640 2,367,700 79.95% 593,900 20.05% 40 0.00%

February 2,842,800 2,236,300 78.67% 606,500 21.33% 0 0.00%

Totals: 18,264,540 14,111,600 77.26% 3,269,300 17.90% 883,640 4.84%

Note: Beginning January 1, 2013, SH 45N transitioned to a cashless facility. Some cash transactions are present on the roadway due to the transition on January 1.



SH 130 Fiscal Year to Date Highlights:

The SH 130 facility has generated more than $23.8 million in revenue and approximately 19.3 million transactions to date in FY 2013. Revenue has exceeded the same months of the prior year by approximately 29 percent.

Note: The newly opened extensions of SH 130 are not part of the CTTS.

SH 130 Second Quarter Highlights:

Beginning on January 1, 2013, SH 130 converted to a cashless facility. Additionally, toll rates were increased on the roadway,

contributing to larger than normal revenue variances between the same months of FY 2012.

TxDOT introduced a month-long trucker incentive program on SH 130 and 45SE during

the second quarter. The incentive program ran from February 4, 2013 through March 3, 2013.

The facility averaged approximately 3.1 million transactions per month.

TxTag accounted for approximately 65 percent

of the total transactions.



Figure 10: SH 130 Revenue Comparison

Table 10: SH 130 Revenue Comparison

FY 2013 Actual

Revenue

Projected

Revenue


Projected Revenue Prior Year Revenue

(FY 2012)


Year


September $3,788,100 $3,508,600 $279,500 7.97% $3,236,700 $551,400 17.04%

* October $4,140,000 $3,508,600 $631,400 18.00% $3,159,800 $980,200 31.02%

* November $4,106,400 $3,508,600 $597,800 17.04% $3,095,400 $1,011,000 32.66%

December $3,805,700 $3,508,600 $297,100 8.47% $3,181,300 $624,400 19.63%

January $4,309,900 $4,216,600 $93,300 2.21% $2,872,100 $1,437,800 50.06%

February $3,676,700 $4,216,600 -$539,900 -12.80% $2,989,800 $686,900 22.97%

Totals: $23,826,800 $22,467,600 $1,359,200 6.05% $18,535,100 $5,291,700 28.55%

Note: Beginning January 1, 2013, toll rates on SH 130 increased 25%, resulting in larger than normal revenue variances between the same months of FY 2012.

* Adjustment made to previously reported first quarter revenue to reflect delayed billings.



Figure 11: SH 130 Average Weekday Transactions Comparison

Table 11: SH 130 Average Weekday Transactions Comparison

FY 2013 Actual AWT


Projected


Prior Year AWT


September 111,510 94,158 17,352 18.43% 93,486 18,024 19.28%

October 115,919 94,158 21,761 23.11% 92,913 23,006 24.76%

November 128,511 94,158 34,353 36.48% 95,009 33,502 35.26%

December 115,081 94,158 20,923 22.22% 94,979 20,102 21.17%

January 106,100 88,646 17,454 19.69% 90,242 15,858 17.57%

February 118,428 88,646 29,782 33.60% 96,796 21,632 22.35%



Figure 12: SH 130 Transactions by Type

Table 12: SH 130 Transactions by Type

FY 2013

Transaction

Count TxTag Pay By Mail Cash

Operational, Emergency or Safety Event Transactions

Totals Count Percent Count Percent Count Percent Count Percent

September 3,001,300 1,915,100 63.81% 787,200 26.23% 299,000 9.96%

October 3,389,800 2,228,100 65.73% 872,900 25.75% 288,800 8.52%

November 3,693,400 2,334,500 63.21% 1,036,900 28.07% 322,000 8.72%

December 3,258,300 2,082,600 63.92% 945,000 29.00% 230,700 7.08%

January 2,943,200 1,985,400 67.46% 957,800 32.54% 0 0.00%

February 3,007,200 1,982,300 65.92% 1,023,800 34.04% 0 0.00% 1,100 0.04%

Totals: 19,293,200 12,528,000 64.93% 5,623,600 29.15% 1,140,500 5.91% 1,100 0.01%

Note: Beginning January 1, 2013, SH 130 transitioned to a cashless facility.



SH 45SE Fiscal Year to Date Highlights:

The SH 45SE facility has generated more than $2.3 million in revenue and 2 million transactions to date in FY 2013.

During its August 2012 meeting, the Texas Transportation Commission authorized the inclusion of the SH 45SE toll project into the CTTS, effective September 1, 2012. SH 45SE transactions and revenue, for both FY 2012 and 2013, are included in this report

for comparative purposes. SH 45SE Second Quarter Highlights:

TxDOT introduced a month-long trucker incentive program on SH 130 and 45SE during

the second quarter. The incentive program ran from February 4, 2013 through March 3, 2013.

Revenue exceeded the same months of the prior year by an average of 14 percent.

The facility averaged more than 309,000

transactions per month.

TxTag accounted for approximately 63 percent

of the total transactions.



Figure 13: SH 45SE Revenue Comparison

Table 13: SH 45SE Revenue Comparison


Actual Revenue - vs - Projected Revenue

Prior Year Revenue (FY

2012)

Current Revenue -vs- Prior Year


September $416,600 $342,900 $73,700 21.49% $338,000 $78,600 23.25%

October $452,900 $342,900 $110,000 32.08% $321,200 $131,700 41.00%

* November $401,900 $342,900 $59,000 17.21% $310,600 $91,300 29.39%

December $371,800 $342,900 $28,900 8.43% $324,200 $47,600 14.68%

January $367,600 $383,600 -$16,000 -4.17% $284,700 $82,900 29.12%

February $300,500 $383,600 -$83,100 -21.66% $305,900 -$5,400 -1.77%

Totals: $2,311,300 $2,138,800 $172,500 8.07% $1,884,600 $426,700 22.64%




Figure 14: SH 45SE Average Weekday Transactions Comparison

Table 14: SH 45SE Average Weekday Transactions Comparison

FY 2013 Actual AWT


Projected


Prior Year AWT


September 12,808 8,750 4,058 46.37% 9,879 2,929 29.65%

October 12,885 8,750 4,135 47.25% 9,864 3,021 30.62%

November 12,494 8,750 3,744 42.79% 10,243 2,251 21.98%

December 11,094 8,750 2,344 26.78% 10,554 540 5.11%

January 11,005 9,629 1,376 14.29% 9,540 1,465 15.36%

February 12,186 9,629 2,557 26.55% 10,449 1,737 16.62%



Figure 15: SH 45SE Transactions by Type

Table 15: SH 45SE Transactions by Type

FY 2013 Transaction Count TxTag Pay By Mail

Totals Count Percent Count Percent

September 352,400 216,800 61.52% 135,600 38.48%

October 380,500 237,900 62.52% 142,600 37.48%

November 362,300 221,400 61.11% 140,900 38.89%

December 315,400 197,500 62.62% 117,900 37.38%

January 301,800 194,600 64.48% 107,200 35.52%

February 310,400 198,500 63.95% 111,900 36.05%

Totals: 2,022,800 1,266,700 62.62% 756,100 37.38%

Note: SH 45SE is an all-electronic facility that does not have a cash payment option.



Active Accounts and Tags Fiscal Year to Date Highlights:

At the end of February 2013, there were more than 1,109,900 active TxTags and approximately 598,200 active TxTag accounts statewide. Active Accounts and Tags Second Quarter

Highlights:

The number of active TxTags and the number of active TxTag accounts increased by 12 percent and 8 percent respectively between

February 2013 and the same month of the prior year.



Figure 16: Active Accounts and TxTags

Table 16: Active Accounts and TxTags

FY 2013 Total Active TxTag

Accounts Total Active

TxTags

September 581,941 1,056,140

October 585,091 1,066,948

November 575,733 1,064,303

December 583,165 1,079,775

January 591,565 1,097,226

February 598,197 1,109,933

Note: More than one TxTag may be activated under the same TxTag account.



About the Central Texas Turnpike System

Effective September 1, 2012, an additional roadway, State Highway 45 Southeast was added to the Central Texas Turnpike System (CTTS). The CTTS is now a 74-mile facility of roadways (Loop 1, SH 45N, SH 45SE and SH 130) designed to expedite traffic flow, improve access to regional services and promote safe travel for Central Texas motorists. Texas toll facilities are safe, reliable and cost efficient, and can be built faster than conventional transportation projects. Private-sector partnerships and innovative financing options work together to accelerate project delivery. This

non-traditional approach to road financing and construction supports TxDOT’s four goals—maintain a safe system, address congestion, connect Texas communities, and become a Best in Class agency.

Transaction Terminology

TxDOT uses state-of-the-art technology to allow drivers to pay tolls in various ways. The types of transactions are:

TxTag: This payment method or transaction type includes TxTag, TollTag and EZ TAG, which are tied to a

pre-paid customer toll account. Note that the section reporting on Active Accounts and TxTags only refers to TxDOT’s TxTag program.

Cash: Customers can pay with cash by using a lane with an attended tollbooth. If they have exact change, customers can pay by using the lanes that are equipped with automatic coin machines.

Note: Beginning January 1, 2013, the Central Texas Turnpike System transitioned to a cashless facility.

Pay By Mail Program: These transactions are created when a customer crosses a tolling point without stopping to pay cash or when a valid TxTag is not recognized. Since the toll is not being paid at the time the transaction occurs, an image of the license plate is captured. The Customer Service Center processes these images to either

post the toll to an existing account for that license plate or send the vehicle owner a bill for the toll charges.

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