HomeMy WebLinkAboutReport - Mail Packet - 9/28/2021 - Fort Collins Connexion Monthly Report - September 20210.0
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Y 2019Feb-20Apr-20Jun-20Aug-20Oct-20Dec-20Feb-21Apr-21Jun-21Aug-21Oct-21Dec-21Feb-22Apr-22Jun-22Aug-22Oct-22Dec-22Fiber Pulled in FeetMillionsActual Forecasted
CONNEXION MONTHLY REPORT
SEPTEMBER 2021
Overall Fiber Construction through August ‘21
2018 2019 2020 2021 2022 2023
Design
Construction
Available
Atlantic Engineering Group (AEG) work Connexion Service Available
ongoing
72.2%
Completed Bore Length
2,854,860 ft
87.7%
Total Bore Length
3,254,371 ft*
Completed Fiber Pulled through Conduit
3,576,561 ft
Total Fiber Pulled through Conduit
4,952,640 ft
Total Fiber Area Construction Completed
188
*A Fiber Area on average serves 225 homes*Adjusted for Interest Payments
52.7%
Total Fiber Area*
357
Spent to Date
$ 101,829,602*
87.2%
Total Construction Budget
$ 116,808,249
* Bore Length may be updated through the
course of the project as design is completed.
30%
Take Rate*
* As of 9/3/2021. Take Rate of residential neighborhoods
released for a minimum of 90 days.
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
*Includes fibers areas that have construction completed and turned over for QC
Total Fiber Areas Complete*Total Fiber Pulled
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711
SEPTEMBER 2021
21-23609
Fiber Areas Update
Monthly info / highlights
• Over 36.6 miles of fiber were installed in August, along with 266
vaults and 539 flowerpots (smaller vaults).
• Project to date: 677.4 miles of fiber have been installed along with
7,704 vaults and over 16,709 flowerpots.
• Fort Collins residents can 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.
• Restoration crews are still installing sod so please make
sure to water your newly installed sod. 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.
Finances
Connexion YTD Budget to Actual as of August ‘21
• Connexion deployment remains on track for
construction completion in Q4 2022.
• Construction Budget reflects an additional appropriation
of $8.2 Million from existing reserves authorized by City
Council on September 7, 2021. We are approximately
87% spent on the appropriated construction Budget.
• Net Operations and Net Total are both favorable
to budget by approximately $1.4 million, a result
of operating expense containment more than
compensating for the shortfall in revenues YTD.
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues*$ 6,724,369 $ 3,370,725 ( $ 3,353,644 )
Operating Expense**$ 8,765,675 $ 3,999,146 $ 4,766,529
Net Operations $ 2,041,306 ( $ 628,421 )$ 1,412,885
Investment Income (Expense)( $ 2,533,686 )( $ 2,526,266 )$ 7,420
Net Total ( $ 4,574,992 )( $ 3,154,687 )$ 1,420,305
APPROPRIATED
BUDGET
PROJECT TO DATE REMAINING
Construction $ 116,808,249 $ 101,829,602 $ 14,978,647
* Excludes investment earnings on bond proceeds
** Excludes Depreciation Interest Expense