Embed Size (px)
Citation preview
CONNEXION MONTHLY REPORT MAY 2021
FIBER AREAS UPDATE
Monthly info / highlights
• Over 42.18 miles of fiber were installed in April, along with 495 vaults and 755 flowerpots (smaller vaults).
• Project to date: 489.7miles of fiber have been installed along with 7,602 vaults and over 13,562 flowerpots.
• Downtown construction has paused due to a supply issue and will resume by the beginning of June.
• Irrigation season has started in Fort Collins and our crews will be 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 [email protected].
OVERALL FIBER CONSTRUCTION THROUGH APRIL ‘21
2018 2019 2020 2021 2022 2023
Design
Construction
Available
Atlantic Engineering Group
(AEG) work
Connexion Service Availableongoing
0
50
100
150
200
250
Y 20
19
Jan-
20
Feb-
20
Mar
-20
Apr-2
0
May
-20
Jun-
20
Jul-2
0
Aug-
20
Sep-
20
Oct
-20
Nov
-20
Dec
-20
Jan-
21
Feb-
21
Mar
-21
Apr-2
1
May
-21
Jun-
21
Jul-2
1
Aug-
21
Sep-
21
Oct
-21
Nov
-21
Dec
-21
#of A
reas
Fiber Areas Complete
Actual Forecasted
*Includes fibers areas that have construction completed and turned over for QC
Total Fiber Areas Complete*
0 Ft
500,000 Ft
1,000,000 Ft
1,500,000 Ft
2,000,000 Ft
2,500,000 Ft
3,000,000 Ft
3,500,000 Ft
Y 20
19
Jan-
20
Feb-
20
Mar
-20
Apr-2
0
May
-20
Jun-
20
Jul-2
0
Aug-
20
Sep-
20
Oct
-20
Nov
-20
Dec
-20
Jan-
21
Feb-
21
Mar
-21
Apr-2
1
May
-21
Jun-
21
Jul-2
1
Aug-
21
Sep-
21
Oct
-21
Nov
-21
Dec
-21
Fiib
er P
ulle
d in
Fee
t
Fiber Pulled
Actual Forecasted
Total Fiber Pulled
FINANCES
Connexion YTD Budget to Actual as of April ‘21
BUDGET ACTUAL BETTER / (WORSE)
Operating Revenues* $2,762,372 $1,242,995 ($1,519,377)
Operating Expense** $4,231,346 $1,712,137 $2,519,209
Net Operations ($1,468,974) ($469,142) $999,832
Investment Income $190,104 $382,334 $192,230
Net Total ($1,278,870) ($86,808) $1,192,062
BUDGET PROJECT TO DATE REMAINING
Construction Budget $109,217,775 $83,284,433 $25,933,342
* Excludes investment earnings on bond proceeds** Excludes Depreciation
CONNEXION MONTHLY REPORT
Auxiliary aids and services are available for persons with disabilities. V/TDD: 711MAY 2021
21-23252
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 April. Resulting in a positive net effect of $1.0 M.
• Net total (operating cashflow) was $1.2 M positive compared to budget, driven primarily by lower operating expenses and positive investment income.
• We are approximately 76% spent on Construction Budget, reflecting the increase in boring and operating crews in 2021.
Completed Bore Length2,340,157 ft
86.5%
Total Bore Length2,704,557 ft*
Completed Fiber Pulled through Conduit2,585,494 ft
52.2%
Total Fiber Pulled through Conduit4,952,640 ft
Total Fiber Area Construction Completed140
*A Fiber Area on average serves 225 homes
39.2%
Total Fiber Area*357
Spent to Date$83,284,433
76.3%
Total Construction Budget$109,217,775
* Bore Length may be updated through the course of the project as design is completed.
