HomeMy WebLinkAboutReport - Mail Packet - 3/22/2022 - Fort Collins Connexion Monthly Report - March 20220
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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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Y 2019Feb-20Apr-20Jun-20Aug-20Oct-20Dec-20Feb-21Apr-21Jun-21Aug-21Oct-21Dec-21Feb-22Apr-22Jun-22Aug-22Fiber Pulled in FeetMillionsActual Forecasted
CONNEXION MONTHLY REPORT
MARCH 2022
Overall Fiber Construction through February 2022
Completed Fiber Pulled through Conduit
4,537,919 ft
Total Fiber Pulled through Conduit
4,701,973 ft
Total Fiber Area Construction Completed
279
*A Fiber Area on average serves 225 homes
78%
Total Fiber Area*
357
Completed Bore Length
3,013,959 ft
Total Bore Length
3,070,670 ft*
* Bore Length may be updated through the
course of the project as design is completed.
Spent to Date
$116,607,196
95%
Total Construction Budget
$122,808,249*
* Includes additional appropriation and
redeployed operating budget of $14.2M
*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 3/1/22. Take Rate of residential neighborhoods
released for a minimum of 90 days.
31%
98%97%
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711
MARCH 2022
22-24038
Fiber Areas Update
Monthly info / highlights
• Over 21.4 miles of fiber were installed in February along with
34 vaults and 44 flowerpots (smaller vaults).
• Project to date: 859.5 miles of fiber have been installed along with
9,857 vaults and over 17,377 flowerpots.
• Fort Collins residents can input their address and see whether their
residence is In Design, In Construction, or has Service Available!
If a residence is under construction, a season of availability will be
provided. 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 February 2021
• Connexion deployment remains on track for construction
completion by mid-2022 with service availability to all premises
by the end of 2022.
• We are approximately 95% spent on the appropriated
construction Budget. During 2021, an additional $8.2M was
appropriated from existing reserves and $6M was redeployed
from the operating budget.
• Net Total margin is favorable to budget by approximately
$883k, a result of operating expense containment and timing
of 2021 expense accruals.
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues1 $ 1,479,577 $ 1,371,358 $ (108,219)
Operating Expense2 $ 1,853,105 $ 861,684 $ 991,421
Net Operations $ (373,528) $ 509,674 $ 883,202
Investment Income (Expense) - $ 290 $ 290
Net Total $ (373,528) $ 509,964 $ 883,492
APPROPRIATED
BUDGET3
PROJECT TO DATE REMAINING
Construction $ 122,808,249 $ 116,607,196 $ 6,201,053
1 Excludes investment earnings on bond proceeds
2 Excludes Depreciation and Interest Expense
3 Includes $6M of available re-deployed operating budget and $8.2M of additional appropriation