By leveraging our people, processes and technology, we enable clients to reduce
operating and capital costs, improve patient satisfaction, recover revenue, and increase productivity.
While this figure does account for
operating and capital costs of likely environmental retrofits such as scrubbers, baghouses, cooling towers, effluent limitations, and ash remediation, this figure does not include costs associated with carbon dioxide, such as the type that might be imposed by the Clean Power Plan.
Comparing the costs of different systems requires many assumptions, given their different operating lifetimes, varying fuels (forecasts of the price of oil in 5 years are often off by 100 %), and combination of
operating and capital costs.
Investors should expect
operating and capital costs to represent no less than 30 % of the drug's royalty - based sales.
The difference in price between B.C. gas and global LNG wouldn't be high enough to pay for
the operating and capital costs of pipeline and liquefaction assets.
Why are rent rates (income) capped but legitimate
operating and capital cost expenses are not permitted to be recovered?
Not exact matches
Such statements include those regarding our expectations as to future: financial position, liquidity, cash flows
and results of operations; business prospects; transactions
and projects;
operating costs; operations
and operational results including
capital investment
and expected VCI;
and budgets.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements
and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business
and execute our growth strategy, including the timing, execution,
and profitability of new
and maturing programs; 2) our ability to perform our obligations under our new
and maturing commercial, business aircraft,
and military development programs,
and the related recurring production; 3) our ability to accurately estimate
and manage performance,
cost,
and revenue under our contracts, including our ability to achieve certain
cost reductions with respect to the B787 program; 4) margin pressures
and the potential for additional forward losses on new
and maturing programs; 5) our ability to accommodate,
and the
cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand
and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market
and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries
and markets in which we
operate in the U.S.
and globally
and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success
and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco,
and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing
and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing
and Airbus,
and other customers,
and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's
and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets
and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers
and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws
and U.S.
and foreign anti-bribery laws such as the Foreign Corrupt Practices Act
and the United Kingdom Bribery Act,
and environmental laws
and agency regulations, both in the U.S.
and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts
and Jobs Act (the «TCJA») that was enacted on December 22, 2017,
and changes to the interpretations of or guidance related thereto,
and the Company's ability to accurately calculate
and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the
cost and availability of raw materials
and purchased components; 23) our ability to recruit
and retain a critical mass of highly - skilled employees
and our relationships with the unions representing many of our employees; 24) spending by the U.S.
and other governments on defense; 25) the possibility that our cash flows
and our credit facility may not be adequate for our additional
capital needs or for payment of interest on,
and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims,
and regulatory actions; 30) exposure to potential product liability
and warranty claims; 31) our ability to effectively assess, manage
and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business
and generate synergies
and other
cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected
costs, charges, expenses, adverse changes to business relationships
and other business disruptions for ourselves
and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws,
and domestic
and foreign government policies;
and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The original BFS estimated a
capital cost of US$ 78.7 million on a plant producing 4,000 tpa
and an
operating cost of just US$ 9,070 per tonne, compared to competitors»
costs of between US$ 14,000 to US$ 17,000 per tonne.
Management believes analysts
and investors use Adjusted EBITDA as a supplemental measure to evaluate overall
operating performance
and facilitate comparisons with other wireless communications companies because it is indicative of T - Mobile's ongoing
operating performance
and trends by excluding the impact of interest expense from financing, non-cash depreciation
and amortization from
capital investments, non-cash stock - based compensation, network decommissioning
costs as they are not indicative of T - Mobile's ongoing
operating performance
and certain other nonrecurring income
and expenses.
That's especially true for the pharmaceutical, technology
and telecommunications industries where internal R&D usually means more hiring, higher
capital expenditures
and increased fixed
operating costs, all without the guarantee of a return.
Kalgoorlie - based MacPhersons Resources says its Nimbus - Boorara project near Kalgoorlie will have lower
capital and operating costs than previously estimated, according to early findings in the feasibility study on the project.
Such risks, uncertainties
and other factors include, without limitation: (1) the effect of economic conditions in the industries
and markets in which United Technologies
and Rockwell Collins
operate in the U.S.
and globally
and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates
and foreign currency exchange rates, levels of end market demand in construction
and in both the commercial
and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions
and natural disasters
and the financial condition of our customers
and suppliers; (2) challenges in the development, production, delivery, support, performance
and realization of the anticipated benefits of advanced technologies
and new products
and services; (3) the scope, nature, impact or timing of acquisition
and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses
and realization of synergies
and opportunities for growth
and innovation; (4) future timing
and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition,
and capital spending
and research
and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit
and factors that may affect such availability, including credit market conditions
and our
capital structure; (6) the timing
and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions
and the level of other investing activities
and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays
and disruption in delivery of materials
and services from suppliers; (8) company
and customer - directed
cost reduction efforts
and restructuring
costs and savings
and other consequences thereof; (9) new business
and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification
and balance of operations across product lines, regions
and industries; (12) the outcome of legal proceedings, investigations
and other contingencies; (13) pension plan assumptions
and future contributions; (14) the impact of the negotiation of collective bargaining agreements
and labor disputes; (15) the effect of changes in political conditions in the U.S.
and other countries in which United Technologies
and Rockwell Collins
operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies
and currency exchange rates in the near term
and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts
and Jobs Act of 2017), environmental, regulatory (including among other things import / export)
and other laws
and regulations in the U.S.
and other countries in which United Technologies
and Rockwell Collins
operate; (17) the ability of United Technologies
and Rockwell Collins to receive the required regulatory approvals (
and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger)
and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies»
and / or Rockwell Collins» common stock
and / or on their respective financial performance; (20) risks related to Rockwell Collins
and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger
costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent
and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings;
and (24) the ability of United Technologies
and Rockwell Collins, or the combined company, to retain
and hire key personnel.
The results have led to an innovative change to the process that has the potential to reduce
capital and operating costs and strengthen the project economics.
The company completed a 15 per cent cut to its workforce in January
and February, eliminating between 500
and 700 jobs, as part of its plan to trim $ 1 billion in cumulative
capital,
operating and administration
costs over two years.
Depending on the source, electricity can be renewable
and emissions - free, in addition to which the company claims its process may be the most
cost - effective out there, coming in at about $ 10 a barrel in
operating costs and $ 10,000 per flowing barrel in
capital costs.
Peter Sklar of BMO
Capital Markets estimated that Couche - Tard could achieve US$ 75 million in
operating cost savings, representing more than one - third of The Pantry's EBITDA,
and add about 20 cents per share to Couche - Tard's earnings.
Bootstrapping is do - it - yourself financing that requires rigorous budgeting
and operating on minimal
costs before taking any outside
capital.
Comparing the
capital and operating costs of various forms of energy — even factoring in US$ 50 a tonne for carbon emissions (a higher rate than is currently levied by any North American state or province)-- natural gas comes out as a clear winner.
These risks include, in no particular order, the following: the trends toward more high - definition, on - demand
and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our
cost of revenue or
operating expenses may exceed our expectations; the mix of products
and services sold in various geographies
and the effect it has on gross margins; delays or decreases in
capital spending in the cable, satellite, telco, broadcast
and media industries; customer concentration
and consolidation; the impact of general economic conditions on our sales
and operations; our ability to develop new
and enhanced products in a timely manner
and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS ™
and VOS ™ product solutions; dependence on market acceptance of various types of broadband services, on the adoption of new broadband technologies
and on broadband industry trends; inventory management; the lack of timely availability of parts or raw materials necessary to produce our products; the impact of increases in the prices of raw materials
and oil; the effect of competition, on both revenue
and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers
and sole or limited source suppliers;
and the effect on our business of natural disasters.
«
Cost management has been an ongoing focus, with successful efforts to reduce both
capital and operating costs well underway before the decline in oil prices.
Although the oil
and gas industry is a major target of Western sanctions, financial strains have been partially alleviated by reducing
capital expenditure
and rouble devaluation, which cut
operating costs by around 30 %.
Other Facebook financial results include $ 2.72 billion in GAAP
costs and expenses, $ 1.13 billion in GAAP income, a 29 % GAAP
operating margin,
and $ 517 million in
capital expenditures.
Rather than relying on accounting rules, economic book value comes from after tax
operating profit (NOPAT)
and weighted average
cost of
capital (WACC).
Forward - looking statements may include, among others, statements concerning our projected adjusted income (loss) from operations outlook for 2018, on both a consolidated
and segment basis; projected total revenue growth
and global medical customer growth, each over year end 2017; projected growth beyond 2018; projected medical care
and operating expense ratios
and medical
cost trends; our projected consolidated adjusted tax rate; future financial or
operating performance, including our ability to deliver personalized
and innovative solutions for our customers
and clients; future growth, business strategy, strategic or operational initiatives; economic, regulatory or competitive environments, particularly with respect to the pace
and extent of change in these areas; financing or
capital deployment plans
and amounts available for future deployment; our prospects for growth in the coming years; the proposed merger (the «Merger») with Express Scripts Holding Company («Express Scripts»)
and other statements regarding Cigna's future beliefs, expectations, plans, intentions, financial condition or performance.
They have drawn their funding from the expanding
capital markets,
and taken advantage of lower
operating costs to undercut banks» lending rates in a traditionally high margin line of business.
Important factors that may affect the Company's business
and operations
and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend
and expand its reputation
and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify
and interpret changes in consumer preferences
and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy
and other input
costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's
cost savings initiatives; changes in relationships with significant customers
and suppliers; execution of the Company's international expansion strategy; changes in laws
and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential
and completed acquisitions, alliances, divestitures or joint ventures; economic
and political conditions in the nations in which the Company
operates; the volatility of
capital markets; increased pension, labor
and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; disruptions in information technology networks
and systems; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators
operate; the Company's indebtedness
and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions;
and other factors.
With
operating costs on the rise,
and gold down from its peak of $ 1,900 an ounce in 2011, what producers need now more than anything is
capital.
Industry experts offer several reasons for this shift including: i) significant
cost of compliance with Sarbanes Oxley
and other requirements for public companies; ii) limited sell side research coverage from the banks;
and iii)
capital markets are requiring greater revenue scale
and operating history for public companies.
Important factors that may affect the Company's business
and operations
and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to,
operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend
and expand its reputation
and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify
and interpret changes in consumer preferences
and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy
and other input
costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its
cost savings initiatives; changes in relationships with significant customers
and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential
and completed acquisitions, alliances, divestitures or joint ventures; economic
and political conditions in the United States
and in various other nations in which we
operate; the volatility of
capital markets; increased pension, labor
and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology
and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators
operate; the Company's indebtedness
and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws
and regulations; restatements of the Company's consolidated financial statements;
and other factors.
Important factors that may affect the Company's business
and operations
and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend
and expand its reputation
and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify
and interpret changes in consumer preferences
and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy
and other input
costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's
cost savings initiatives; changes in relationships with significant customers
and suppliers; execution of the Company's international expansion strategy; changes in laws
and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business
and operations of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential
and completed acquisitions, alliances, divestitures or joint ventures; economic
and political conditions in the nations in which the Company
operates; the volatility of
capital markets; increased pension, labor
and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology
and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators
operate; the Company's indebtedness
and ability to pay such indebtedness; tax law changes or interpretations;
and other factors.
These include the economy's lack of diversification away from the non-oil sector
and high
operating costs as a result of bureaucracy
and a lack of competition, as well as low productivity due to relatively weak infrastructure
and poor human
capital development.
Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available,
and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW
and its business, including the risks that as a result (a) BWW's business,
operating results or stock price may suffer, (b) BWW's current plans
and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees
and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to
operate its business, return
capital to shareholders or engage in alternative transactions; (5) the nature,
cost and outcome of pending
and future litigation
and other legal proceedings, including any such proceedings related to the Merger
and instituted against BWW
and others; (6) the risk that the Merger
and related transactions may involve unexpected
costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory,
and / or tax factors;
and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.
The Commercial
Capital Training Group (CCTG) consistently makes the list of best franchises under 100K because of the low startup
cost (well under the $ 20K mark),
and the fact that they do not
operate like a franchise.
By deducting the drug's
operating costs, taxes, net investment
and working
capital requirements from its sales revenues, you arrive at the amount of free cash flow generated by the drug if it becomes commercial.
Examples of these risks, uncertainties
and other factors include, but are not limited to the impact of: adverse general economic
and related factors, such as fluctuating or increasing levels of unemployment, underemployment
and the volatility of fuel prices, declines in the securities
and real estate markets,
and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict
and threats thereof, acts of piracy,
and other international events; the risks
and increased
costs associated with
operating internationally; our expansion into
and investments in new markets; breaches in data security or other disturbances to our information technology
and other networks; the spread of epidemics
and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices
and / or other cruise
operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional
capital to fund our operations,
and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in
operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements
and the ability of our creditors to accelerate the repayment of our indebtedness; volatility
and disruptions in the global credit
and financial markets, which may adversely affect our ability to borrow
and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts
and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell
and market our cruises; our reliance on third parties to provide hotel management services to certain ships
and certain other services; delays in our shipbuilding program
and ship repairs, maintenance
and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates
and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members
and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations
and enforcement actions; changes involving the tax
and environmental regulatory regimes in which we
operate;
and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K
and subsequent filings by the Company with the Securities
and Exchange Commission.
Their
costs of
capital are high, as are their
operating and working
capital costs, which leaves little to nothing to be invested in the future of their businesses.
This is good for Flexcube who claims its barrels last four times longer than expensive oak barrels,
and believes it can reduce
capital and operating costs for barrel matured wine by as much as a third.
Preliminary estimates show that the
capital costs of forward osmosis can be less than 70 per cent
and operating costs less than 60 per cent of those for evaporation, its main competitor technology.
Preserving working
capital is a must for any business, especially restaurants
and foodservice operations where high
operating costs put pressure on margins
and profitability.
For most local governments it will be hard enough next year meeting payroll
and other
operating costs, never mind undertaking
capital improvements that would increase bonded indebtedness.
Both
capital expenditure on computing resources because the cloud data centres would carry a larger workload -
and operating expenditure could see large
cost savings.
The $ 390 million shift from
Capital to SOF includes
operating costs related to snow
and ice removal; bus, truck
and rail inspection;
and DMV regulatory activities that are currently accounted for in the Dedicated Highway
and Bridge Trust Fund.
Initial route service will be funded with a $ 55 million
capital commitment from the city
and is expected to
cost $ 10 to $ 20 million annually in city
operating subsidies.
The fund will provide grants for
capital and operating costs to help districts improve student test scores,
and graduation rates.
All
capital budget items shall include justifications based on return on investment, leverage of other revenue sources, payback period, impact on credit rating, relative value in reducing
operating or
capital costs, or other such appropriate measures typically utilized to justify
and prioritize such expenditures.
Still, this year's budget notes that the agency «does not generate enough revenue to cover
operating costs as well as a full
capital program,» meaning that non-urgent repairs
and upgrades are delayed.
The program will provide selected applicants up to 80 percent of
capital and 50 percent of
operating project - related
costs and the remaining funds will be provided by the state
and project sponsors, according to a statement from Cuomo's office.
Each
capital project request shall show: recommended priority; development; time schedule; estimated
costs for planning, site of right of way, construction, equipment
and other features; status of plans
and land acquisition; anticipated effect of project on annual
operating budget; possible sources of financial aid; recommended expenditures by years;
and such other information as the Budget Director
and Commissioner of Environment
and Planning may deem advisable.
The financial institution assured that, `' barring any unforeseen circumstances, we see improved
operating performance in 2018 based on the improving macro-economic
and capital markets environment, declining
cost of funds for the bank,
and the growing contributions of asset
and wealth management following last year's acquisitions».