HomeMy WebLinkAboutReport - Mail Packet - 2/22/2022 - Fort Collins Connexion Monthly Report - February 20220.0
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Y 2019Feb-20Apr-20Jun-20Aug-20Oct-20Dec-20Feb-21Apr-21Jun-21Aug-21Oct-21Dec-21Feb-22Apr-22Jun-22Aug-22Fiber Pulled in FeetMillionsActual Forecasted
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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
CONNEXION MONTHLY REPORT
FEBRUARY 2022
Overall Fiber Construction through January 2022
95%
Completed Bore Length
3,011,703 ft
Total Bore Length
3,070,670 ft*
Completed Fiber Pulled through Conduit
4,447,023 ft
Total Fiber Pulled through Conduit
4,701,973 ft
Total Fiber Area Construction Completed
270
*A Fiber Area on average serves 225 homes
76%
Total Fiber Area*
357
Spent to Date
$115,653,050
99%
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 2/1/22. Take Rate of residential neighborhoods
released for a minimum of 90 days.
31%
98%
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711
FEBRUARY 2022
22-23867
Fiber Areas Update
Monthly info / highlights
• Over 21.7 miles of fiber were installed in January along with
163 vaults and 46 flowerpots (smaller vaults).
• Project to date: 842 miles of fiber have been installed along with
9,660 vaults and over 17,283 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.
• Fort Collins Connexion’s new 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. When you set up your account, you
can review your billing history, sign up for paperless billing, pay
your bill and manage your account all from the Self-Service Portal.
• Follow us on Social Media! @FoCoConnexion
Finances
Connexion YTD Budget to Actual as of January 2021
• 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 99% spent on the
appropriated construction Budget. (Including the $6M of re-
deployed operating budget, we are 94% spent against budget.)
• Net Total margin is favorable to budget by approximately
$462k, a result of operating expense containment and
exceeding the revenue budget by $95k.
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues1 $714,883 $809,520 $94,637
Operating Expense2 $809,611 $442,786 $366,825
Net Operations $ (94,728)$366,734 $461,462
Investment Income (Expense)$ - $198 $198
Net Total $ (94,728)$366,932 $461,660
APPROPRIATED
BUDGET3
PROJECT TO DATE REMAINING
Construction $116,808,249 $115,653,050 $1,155,199
1 Excludes investment earnings on bond proceeds
2 Excludes Depreciation and Interest Expense
3 Excludes $6M of available re-deployed operating budget