HomeMy WebLinkAboutReport - Mail Packet - 12/21/2021 - Fort Collins Connexion Monthly Report - December 20210
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Y 2019Feb-20Apr-20Jun-20Aug-20Oct-20Dec-20Feb-21Apr-21Jun-21Aug-21Oct-21Dec-21Feb-22Apr-22Jun-22Aug-22Oct-22Dec-22#of AreasActual Forecasted
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1.0
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6.0
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
DECEMBER 2021
Overall Fiber Construction through November ‘21
85%
Completed Bore Length
2,962,398 ft
91%
Total Bore Length
3,254,371 ft*
Completed Fiber Pulled through Conduit
4,202,829 ft
Total Fiber Pulled through Conduit
4,952,640 ft
Total Fiber Area Construction Completed
237
*A Fiber Area on average serves 225 homes*Adjusted for Interest Payments
66.4%
Total Fiber Area*
357
Spent to Date
$111,418,382
95%
Total Construction Budget
$ 116,808,249
* Bore Length may be updated through the
course of the project as design is completed.
*Includes fibers areas that have construction completed and turned over for QC
Total Fiber Areas Complete*Total Fiber Pulled
2018 2019 2020 2021 2022 2023
Design
Construction
Available
Atlantic Engineering Group (AEG) work Connexion Service Available
ongoing
Take Rate*
* As of 12/01/2021. Take Rate of residential
neighborhoods released for a minimum of 90 days.
31%
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711
DECEMBER 2021
21-23794
Fiber Areas Update
Monthly info / highlights
• Over 25.5 miles of fiber were installed in November along with
57 vaults and 59 flowerpots (smaller vaults).
• Project to date: 796 miles of fiber have been installed along with
9,612 vaults and over 17,252 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.
• Great news! Fort Collins Connexion’s new billing system is here!
Our new, upgraded billing system and customer portal are live
and we want to help get you set up quickly and easily so you
can access all the new features. Customers will be able to review
your billing history, sign up for paperless billing, pay your bill
and manage your account all from the Self-Service Portal.
Finances
Connexion YTD Budget to Actual as of November ‘21
• Connexion deployment remains on track for
construction completion by mid-2022 with service
availability to all premises by the end of 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
95% spent on the appropriated construction Budget.
• Net Total margin continues to be favorable to
budget by approximately $800k, a result of
operating expense containment more than
compensating for the shortfall in revenues YTD.
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues* $10,724,465 $5,214,355 $(5,510,110)
Operating Expense** $12,009,733 $5,537,115 $6,472,618
Net Operations $(1,285,268) $(322,760) $962,508
Investment Income (Expense) $(2,391,108) $(2,525,387) $(134,279)
Net Total $(3,676,376) $(2,848,147) $828,229
APPROPRIATED
BUDGET
PROJECT TO DATE REMAINING
Construction $116,808,249 $111,418,382 $5,389,867
* Excludes investment earnings on bond proceeds
** Excludes Depreciation and Interest Expense