HomeMy WebLinkAboutReport - Mail Packet - 3/23/2021 - Fort Collins Connexion Monthly Report - March 20210.0
0.5
1.0
1.5
2.0
2.5
Y 2019
Q1 2020 Q2 20
2
0
Q3 20
20
Q4 20
2
0
Jan-21 Feb-2
1
End of
Q1 2
0
2
1Millions in FeetActual Forecasted
0
20
40
60
80
100
120
Y 2019
Q1 20
2
0
Q2 20
20
Q3 20
2
0
Q4 20
20 Jan-21Feb-2
1
End of
Q
1
2
021Number of Fiber AreasActual Forecasted
CONNEXION MONTHLY REPORT
MARCH 2021
OVERALL FIBER CONSTRUCTION THROUGH FEBRUARY ‘21
FIBER AREAS UPDATE
Monthly info / highlights
• Over 23.5 miles of fiber were installed in February, along with 304 vaults and 504 flowerpots (smaller vaults).
• Project to date: 418.1 miles of fiber have been installed along with 6,785 vaults and over 12,201 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.
• Sixty-eight (68) households of Neighbor to Neighbor’s Coachlight Plaza were invited to enroll in Digital Access & Equity Connexion service in February
2021. To learn more about this program, visit fcconnexion.com/digital-equity.
• All construction work occurs in the public right-of-way (ROW) or existing utility easements. 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.
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.
*Includes fibers areas that have construction completed and turned over for QC
FINANCES
Connexion YTD Budget to Actual as of February ‘21
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues*$1,260,203 $576,541 $(683,662)
Operating Expense**$2,077,390 $819,345 $1,258,045
Net Operations $(817,187)$(242,804)$574,383
Investment Income $95,052 $382,771 $287,719
Net Total $(722,135)$139,967 $862,102
BUDGET PROJECT TO DATE REMAINING
Construction Budget $109,217,775 $77,241,365 $31,976,410
* Excludes investment earnings on bond proceeds
** Excludes Depreciation
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711 MARCH 2021
21-23092
Total Bore Length
2,536,272 ft
Total Fiber Pulled through Conduit
4,952,640 ft
Total Fiber Area*
357
Total Construction Budget
$109,217,775
Spent to Date
$77,241,365
Completed Bore Length
2,082,040ft
44.6%
Completed Fiber Pulled through Conduit
2,207,440ft
33.1%
Total Fiber Area Construction Completed
118
*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 February. Resulting in a positive net effect of $574 K.
• Net total (operating cashflow) was $862 K positive driven primarily by lower operating expenses and positive investment income.
• We are approximately 72% spent on Construction Budget, reflecting the increase in boring and operating crews
in 2021.
82.0%72.0%