Amtrak 2012 Annual Report Download - page 77

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Base Activity:
The FY12 base budget is $665.0M and is mainly driven by Amtrak, depreciation, and insurance claims
that are not allocated to the departments. The FY12 base operating request, as compared to FY11 actual,
has increased by $62.3M. This increase is primarily due to:
o Inflation of prior year expenses $23.0M
o Net reduction of ($6.5M) stemming from increase in benefit rates and usage costs offset by
reduced management headcount, reduction in employees due to loss of commuter contract, and
savings stemming from favorable contracts with new medical program administrators.
o Increase in depreciation expenses $68.6M
o Increase Claims expense allocation - FELA ($16.3M)
o Reduction in credits for transfer of Materials to capital projects $11.7M.
o Reduced equity in Subsidiaries ($5.5M)
o Decrease in Benefits due to loss of Cal Train contract ($13.5M)
New Activity:
o Reduction in Claims Insurance and Legal Claims are expected due to implementation of
Safe to Safer (2.3M).
o Completion of installing high efficiency lighting is estimated to save ($0.9M).
Corporate Common: Operating Expenses Summary FY10-FY12
$ millions
FY10
A
ctual
FY11
A
ctual
FY12
Bud
g
et $%
Corporate Benefits - Cash $561.1 $616.5 $593.5
Post Retirement Benefits - Non Cash $52.7 $62.1 $63.8 $1.7 2.7%
Benefits Allocated to Departments $24.3
Net Benefit Cost to Corp Common $0.9 $3.0
Total Cost of Claims Insurance $49.7 $49.7 $47.8
Depreciation & Amortization $585.7 $591.4 $660.0 $68.6 7.7%
Total Operating Expenses $590.4 $599.6 $661.9 $62.3 10.4%
FY12 Incr/(Decr) vs FY11
Total Other - Decrease in transfer of Materials to capital
projects a change in methodology $9.2
($23.0) -3.7%
($612.9) ($681.6) ($657.3) -3.6%
($3.0) ($0.0) -100.0%
($1.8) -3.7%
-59.5%($6.0) ($15.5) ($6.3)
FY2012 Budget Post Board 1.20.12.doc 77 of 79