HomeMy WebLinkAboutReport - Mail Packet - 1/25/2022 - Fort Collins Connexion Monthly Report - January 2022CONNEXION MONTHLY REPORT
JANUARY 2022
Overall Fiber Construction through December 2021
92%
Completed Bore Length
3,005,598 ft
Total Bore Length
3,070,670 ft*
Completed Fiber Pulled through Conduit
4,310,079 ft
Total Fiber Pulled through Conduit
4,701,973 ft
Total Fiber Area Construction Completed
248
*A Fiber Area on average serves 225 homes
69%
Total Fiber Area*
357
Spent to Date
$113,614,085
97%
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 1/1/22. Take Rate of residential neighborhoods
released for a minimum of 90 days.
31%
97.9%
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711
JANUARY 2022
22-23867
Fiber Areas Update
Monthly info / highlights
• Over 27.5 miles of fiber were installed in November along with
60 vaults and 42 flowerpots (smaller vaults).
• Project to date: 816 miles of fiber have been installed along with
9,664 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 December 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 97% spent on the
appropriated construction Budget. (Including the $6M of
re-deployed operating budget, we are 93% spent against
available budget.)
• Net Total margin continues to be favorable to budget by
approximately $1M, a result of operating expense containment
more than compensating for the shortfall in revenues YTD.
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues1 $12,240,121 $5,849,688 $(6,390,433)
Operating Expense2 $13,870,023 $6,243,113 $7,626,910
Net Operations $(1,629,902) $(393,425) $1,236,477
Investment Income (Expense) $(5,257,475) $(5,438,977) $(181,502)
Net Total $(6,887,377) $(5,832,402) $1,054,975
APPROPRIATED
BUDGET3
PROJECT TO DATE REMAINING
Construction $116,808,249 $113,614,085 $3,194,164
1 Excludes investment earnings on bond proceeds
2 Excludes Depreciation and Interest Expense
3 Excludes $6M of available re-deployed operating budget