HomeMy WebLinkAboutReport - Mail Packet - 3/9/2021 - Fort Collins Connexion Monthly Report - February 2021CONNEXION MONTHLY REPORT
FEBRUARY 2021
OVERALL FIBER CONSTRUCTION THROUGH JANUARY ‘21
FIBER AREAS UPDATE
Monthly info / highlights
• Over 18 miles of fiber were installed in January, along with 347 vaults and 602 flowerpots (smaller vaults).
• Project to date: 394.5 miles of fiber have been installed along with 5,470 vaults and over 11,697 flowerpots.
• Extreme cold temperatures in early 2021 resulted in limited Connexion underground construction and an increase in temporary drop installations to
homes. As weather conditions improve, staff will be replacing current temporary drops with permanent buried fiber.
• All construction work occurs in the public right-of-way (ROW). Our crews do their best to minimize damage to landscaping and irrigation systems.
When damage does occur, please call our Help Line at 970-674-7800 for assistance.
• If you are member of an HOA board or property management company, a Right of Entry agreement may be needed to finish construction to your
residents. Please visit fcconnexion.com/hoa to learn more.
2018 2019 2020 2021 2022 2023
Design
Construction
Available
Atlantic Engineering Group
(AEG) work
Connexion Service Available
ongoing
Total Fiber Areas Complete*Total Fiber Pulled
As communicated the previous month, Fort Collins Connexion will be reporting on a monthly basis. Please check fcconnexion.com/reports each month
for latest information from your friendly neighborhood Connexion. With continued construction throughout the city, Connexion will release new
neighborhoods for residential and business services weekly. Connexion is on target for completion in Q4 2022.
0.0
0.5
1.0
1.5
2.0
2.5
Y 2019
Q1 20
20
Q2 20
2
0
Q3 202
0
Q4 20
20 Jan-21Q1 202
1Millions in FeetActual Forecasted
0
20
40
60
80
100
120
Y 2019
Q1 202
0
Q2 202
0
Q3 2020 Q4 2020 Jan-21Q1 20
21Number of Fiber AreasActual Forecasted
*Includes fibers areas that have construction completed and turned over for QC
FINANCES
Connexion YTD Budget to Actual as of January ‘21
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues* $603,776 $261,804 $ (341,972)
Operating Expense** $988,675 $381,024 $607,651
Net Operations $ (384,899) $ (119,220) $265,679
Investment Income $47,526 $372,934 $325,408
Net Total $ (337,373) $253,714 $591,087
BUDGET PROJECT TO DATE REMAINING
Construction Budget $109,217,775 $71,374,350 $37,843,425
* Excludes investment earnings on bond proceeds
** Excludes Depreciation
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711 FEB 2021
21-23012
Total Bore Length
2,536,272 ft
Total Fiber Pulled through Conduit
4,952,640 ft
Total Fiber Area*
357
Total Construction Budget
$109,217,775Total Construction Budget
$109,217,775
Total Bore Length
2,536,272 ft
Total Fiber Pulled through Conduit
4,952,640 ft
Total Fiber Area*
357
65.4%
Spent to Date
$71,347,350
78.7%
Completed Bore Length
1,996,727ft
42.1%
Completed Fiber Pulled through Conduit
2,083,076 ft
29.4%
Total Fiber Area Construction Completed
105
*A Fiber Area on average serves 225 homes
As we enter in to the third year of Connexion’s rollout, our deployment is on track for construction completion in Q4 2022.
• Operating revenues are less than budgeted, as are the operating expenses for January. Resulting in a positive net effect of $265 K.
• Net total (operating cashflow) was $591 K positive driven primarily by lower operating expenses and investment income.
• We are approximately 65.4% spent on Construction Budget, reflecting the increase in boring and operating crews.