HomeMy WebLinkAboutReport - Mail Packet - 7/27/2021 - Fort Collins Connexion Monthly Report - July 20210 Ft
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Y 2019Feb-20Apr-20Jun-20Aug-20Oct-20Dec-20Feb-21Apr-21Jun-21Aug-21Oct-21Dec-21Feb-22Apr-22Jun-22Aug-22Oct-22Dec-22Fiiber Pulled in FeetActual Forecasted
CONNEXION MONTHLY REPORT
JULY 2021
FIBER AREAS UPDATE
Monthly info / highlights
• Over 42.3 miles of fiber were installed in June, along with 287 vaults and 938 flowerpots (smaller vaults).
• Project to date: 572.7 miles of fiber have been installed along with 8,055 vaults and over 15,361 flowerpots.
• Fort Collins residents can now input their address and see whether their residence is In Design, In Construction, or has Service Available!
Our address look-up tool can be found on the Connexion website at fcconnexion.com.
• As temperatures climb in Fort Collins this summer, please keep an eye on any newly installed sod by construction crews. New sod should be watered
consistently for 10 days after install to promote growth and help it settle. For questions about landscape repairs or to report construction damage,
please call our Help Line at 970-674-7800 or email FCResidents@aeg.cc.
OVERALL FIBER CONSTRUCTION THROUGH JUNE ‘21
2018 2019 2020 2021 2022 2023
Design
Construction
Available
Atlantic Engineering Group
(AEG) work
Connexion Service Availableongoing
*Includes fibers areas that have construction completed and turned over for QC
0
50
100
150
200
250
300
350
400
Y 2019Feb-20Apr-20Jun-20Aug-20Oct-20Dec-20Feb-21Apr-21Jun-21Aug-21Oct-21Dec-21Feb-22Apr-22Jun-22Aug-22Oct-22Dec-22#of AreasActual Forecasted
Total Fiber Areas Complete*
Total Fiber Pulled
61.1%
FINANCES
Connexion YTD Budget to Actual as of June ‘21
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues*$ 4,563,759 $ 2,131,207 $ (2,432,552)
Operating Expense**$ 6,409,826 $ 2,621,047 $ 3,788,779
Net Operations $ (1,846,067)$ (489,840)$ 1,356,227
Investment Income (Expense)$ (2,628,738)$ (2,527,992)$ 100,746
Net Total $ (4,474,805)$ (3,017,832)$ 1,456,973
BUDGET PROJECT TO DATE REMAINING
Construction Budget $ 108,608,249 $ 91,868,014 $ 16,740,235
* Excludes investment earnings on bond proceeds
** Excludes Depreciation Interest Expense
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711 JULY 2021
21-23416
In to the third year of Connexion’s rollout, our deployment is on track for construction completion in Q4 2022.
• Operating expenses year-to-date through June continue to be well under budget (and less than operating revenues), resulting in a positive net effect
of $1.4 M.
• Net total (operating cashflow) was $1.5 M positive compared to budget, driven primarily by significantly lower operating expenses and slightly
positive investment income.
• We are approximately 85% spent on the appropriated Construction Budget, continuing to reflect the increase in boring and operating crews in 2021.
Completed Bore Length
2,602,802 ft
96.2%
Total Bore Length
2,704,557 ft*
Completed Fiber Pulled through Conduit
3,023,627 ft
Total Fiber Pulled through Conduit
4,952,640 ft
Total Fiber Area Construction Completed
161
*A Fiber Area on average serves 225 homes*Adjusted for Interest Payments
42.9%
Total Fiber Area*
357
Spent to Date
$91,868,014*
84.5%
Total Construction Budget
$108,608,249*
* Bore Length may be updated through the
course of the project as design is completed.