HomeMy WebLinkAboutReport - Mail Packet - 6/22/2021 - Fort Collins Connexion Monthly Report - June 2021CONNEXION MONTHLY REPORT
JUNE 2021
FIBER AREAS UPDATE
Monthly info / highlights
• Over 40.7 miles of fiber were installed in May, along with 166 vaults and 861 flowerpots (smaller vaults).
• Project to date: 530.4 miles of fiber have been installed along with 7,768 vaults and over 14,423 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.
• Irrigation season has started in Fort Collins and our crews are utilizing the Spring Checklist to repair irrigation systems and landscape damaged during
the winter season. 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 MAY ‘21
2018 2019 2020 2021 2022 2023
Design
Construction
Available
Atlantic Engineering Group
(AEG) work
Connexion Service Availableongoing
0 Ft
1,000,000 Ft
2,000,000 Ft
3,000,000 Ft
4,000,000 Ft
5,000,000 Ft
6,000,000 Ft
Y 2019Feb-20Apr-20Jun-20Aug-20Oct-20Dec-20Feb-21Apr-21Jun-21Aug-21Oct-21Dec-21Feb-22Apr-22Jun-22Aug-22Oct-22Dec-22Fiiber Pulled in FeetFiber Pulled
Actual Forecasted
*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 AreasFiber Areas Complete
Actual Forecasted
Total Fiber Areas Complete*
Total Fiber Pulled
56.5%
FINANCES
Connexion YTD Budget to Actual as of May ‘21
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues*$3,620,159 $1,637,642 ($1,982,517)
Operating Expense** $5,318,750 $2,179,550 $3,139,200
Net Operations ($ 1,698,591)($541,908)$1,156,683
Investment Income $237,630 $769,213 $531,583
Net Total ($1,460,961)($227,305)$1,688,266
BUDGET PROJECT TO DATE REMAINING
Construction Budget $109,217,775 $87,848,910 $21,368,865
* Excludes investment earnings on bond proceeds
** Excludes Depreciation
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711 JUNE 2021
21-23322
In to the third year of Connexion’s rollout, our deployment is on track for construction completion in Q4 2022.
• Operating revenues are less than budgeted, as are the operating expenses for May. Resulting in a positive net effect of $1.1 M.
• Net total (operating cashflow) was $1.6 M positive compared to budget, driven primarily by lower operating expenses and positive
investment income.
• We are approximately 80% spent on Construction Budget, reflecting the increase in boring and operating crews in 2021.
Completed Bore Length
2,458,917 ft
90.9%
Total Bore Length
2,704,557 ft*
Completed Fiber Pulled through Conduit
2,800,299 ft
Total Fiber Pulled through Conduit
4,952,640 ft
Total Fiber Area Construction Completed
151
*A Fiber Area on average serves 225 homes
42.3%
Total Fiber Area*
357
Spent to Date
$87,848,910
80.4%
Total Construction Budget
$109,217,775
* Bore Length may be updated through the
course of the project as design is completed.