伊利诺斯州收费公路年报2001

In 2001 several initiatives proposing changes in how the Illinois Tollway is financed and administered were introduced in the Illinois General Assembly. Governor Ryan also introduced a plan to remove tolls in phases over the next 20 years. Many of these legislative plans were based on the Report to the Governor prepared by the Tollway in March, 2000. Although none of these policy changes were approved by the Illinois Legislature, they did serve to focus the public’s attention on the Illinois Tollway and to highlight the issue of how Illinois citizens wish to finance and maintain their interstate highway system.We reached several positive milestones this year. During 2001, participation in our I-PASS electronic toll collection program continued to grow. With more than 700,000 transponders on the road nearly 36% of our daily transactions are now handled electronically. Conversion of our commercial trucking accounts to the I-PASS system has been an overwhelming success. Combined with the installation of more car I-PASS Only (IPO) lanes and new Truck IPO’s at several toll plazas, our customers were able to reach their destinations quicker, safer, and with increased convenience. None of these accomplishments could have been achieved without the continued dedication and hard work of our employees.As we approach our 50th year, the Illinois Tollway’s mission continues to remain simple and direct: Provide a safe and efficient highway network with the highest possible level of service to our customers. Furthermore, we believe it is also our duty to explain and promote the benefits of a toll-supported roadway network. Therefore, this year’s Annual Report will focus on some of the questions and comments we receive from the motoring public regarding the Illinois Tollway and the toll road finance concept. Keeping in mind that the bottom line is important, key financial data is included as always.Looking ahead, we continue to prepare for the greater maintenance requirements of our aging roadway, as well as, address the increased traffic demands experienced at several locations on the tollway system. Arthur Philip Thomas CuculichChairman Executive DirectorWHY A TOLLWAY SYSTEM?Simply put, there are no “free roads”. All public roads are supported by some type of tolls or taxation, in the form of motor fuel taxes, vehicle registration fees, or other taxes. The idea of charging a fee to drive on a particular road has long been a part of our country’s transportation history. The first U.S. toll road was chartered in 1792. Since then nearly half of the states have constructed and operated some type of toll facility representing almost 5,000 miles of toll bridges, tunnels, and highways.In Illinois, the General Assembly created the Tollway Commission in 1953. In 1955, bonds totaling $415 million were sold to finance the construction of the initial tollway system. Receipts from toll revenues were pledged to pay interest and debt costs. No state or federal tax revenues were used to finance the construction of the tollway system. This action preceded the authorization of the Federal-Aid Highway Act of 1956, which initiated the construction of a national limited-access highway system financed primarily from a motor fuel tax. Due to the foresight of our State’s leaders, particularly then Governor William Stratton, sections of the tollway system were open to traffic in 1958, prior to the completion of the federal interstate system in the Chicago area. Since the construction of the original toll road segments (Northwest Tollway, Tri-State Tollway, East-West Tollway) the tollway system has been expanded with the construction of the East-West extension in 1971, and the North-South Tollway in 1989. Additionally, several roads segments have been widened to provide for additional traffic capacity as well as, numerous interchanges have been added or upgraded.While the original bonds have been repaid, additional debt was issued primarily to finance new road segments and additional travel lanes. Prior to construction, all new tollway segments were approved by the Governor and General Assembly. In fact, over $2 billion has been reinvested into the tollway system over the past 40 years. Toll collection is required to repay the current outstanding debt and to finance the system’s maintenance, repair, and operations costs.The Tollway’s operations are supported predominantly from revenues received from toll collections. Additional minor income is derived from concessions and permit revenues. No federal or state tax dollars are used to maintain and operate the tollway system. Only those motorists that choose to drive on the tollway system pay for its operations.CONNECTING NORTHERN ILLINOISSINCE 1958The Illinois Tollway is a system of connected toll roads that provides safe, convenient and well-maintained highway travel. Daily, more than a million vehicles travel almost 20 million miles on this system of roads connecting 12 northern Illinois counties. The Illinois Tollway system carries 10 percent of all highway traffic in Illinois. Bypass to Commuter Route Originally designed as a bypass around Chicago, the Illinois Tollway system was built to help move predominately interstate traffic through the Indiana, Illinois and Wisconsin tri-state area. However, with the growth of the Chicago suburban area, the system has become equally integral to commuters travelling to and from jobs in both the City of Chicago and surrounding suburbs. The average trip length for a tollway user in 1959 was about 28 miles. Now over 40 years later, the average trip length has dropped to about 16 miles long.Traffic studies have determined that a majority of our users are daily commuters, with more than 80 percent of our motorists travelling during peak rush hour periods. The Illinois Tollway is the busiest tollway in the nation in terms of toll transactions and average daily traffic. Conversely,we are one of the least expensive toll facilities in the nation, charging an average of 3 cents per mile.When the Illinois Tollway opened in 1958 the average toll for a passenger vehicle was 30 cents. The last toll increase, raising the average passenger vehicle rate to 40 cents, was approved in 1983. In comparison, the annual license plate fee since 1983 has gone from $24 to $78. The Tollway does not receive any revenue from this fee, or any federal or state tax, for our maintenance and operations.The Illinois Tollway system is built to handle the heaviest trucks and our roads are mostly constructed using concrete pavements to a depth of 12 inches and accompanying heavy gravel base for proper drainage. The majority of the Illinois Tollway’s roadways are constructed with two full lane-width shoulders to handle emergencies, or divert traffic onto during repairs. In recognition of our vital transportation link for the people and businesses of northern Illinois, the tollway system is kept open at all times, including during major construction and reconstruction projects. Realizing that roadwork often creates traffic congestion, we employ a bidding procedure allowing contractors to receive additional compensation if their plans complete the required work at a faster pace.Safe RoadsProviding safe, well-maintained roads is the top priority of the Illinois Tollway. Nearly 400 roadway maintenance employees are located at 11 facilities throughout the system to provide exemplary 24-hour snow and ice removal, bridge maintenance, minor pavement repair, incident management, and other roadway related activities. The Tollway’s H.E.L.P. (Highway Emergency Lane Patrol) and Zero Patrol (additional patrols during extremely cold temperatures) provide assistance to stranded motorists. These patrols not only aid motorists in need they keep traffic moving during rush hour, inclement weather, and through construction zones. The Illinois Tollway also co-funds the *999 cellular phone roadway emergency service with the Illinois Department of Transportation.In 2001, the Tollway began implementing T.I.M.S. (Traffic Incident Management System) allowing for extensive monitoring of the system. T.I.M.S. provides faster response, and motorists notification, to current or potential traffic problems. Through a special agreement with the Illinois State Police, toll revenues also provide for training, equipping and salaries for the police patrols of the tollway system. 170 sworn officers assigned to State Police District 15 provide law enforcement, safety patrols,roadway assistance, and special toll violation enforcement details. The cost of providing this service is over $15 million, which is paid for entirely from toll revenues. The FutureMost of the tollway system was built over 40 years ago. These roads have reached the end of the planned life and need to be completely rebuilt. Addressing this need will be our focus in the future.The Illinois General Assembly also has directed the Tollway to examine the feasibility of expanding the current system with five potential new segments. Two of these possible extensions have been comprehensively planned and researched. The South Extension of I-355 has been designed and a Supplemental Environmental Impact Statement has been filed with the Federal Highway Administration for approval. Second, the Tollway in cooperation with IDOT is completing the Lake County Transportation Improvement Project. This multi-year project is exploring the transportation needs of Lake County in conjunction with proposed north extension of Route 53. Both projects require the Governor’s approval before construction. Three remaining segments: I-355 from I-80 to I-57; Route 53 from 120 to Richmond; and a western by-pass around O’Hare Airport; are still in early planning stages.WHERE DOES THE TOLL MONEY GO?When you deposit your change at a tollbooth, or pay through the I-PASS system, all of this income is returned to the tollway system.Budget priorities are directed towards maintaining and operating the system, servicing existing debt, and improving thesystem as revenues allow.2001 Revenue Allocations by Type$366.5 (in millions)$79.7$19.7The above chart is an overview of our 2001 budget allocations,which was projected at $366.5million*. As depicted, Toll revenues are distributed among four main budget areas. Based upon the terms of our Trust Indenture, expenditures are prioritized in order to these areas: Operations; Debt Service;Renewal/Replacement; and System Improvements.*Actual budget figures for 2001 are located in the Financial Statements portion of this Report.OperationsToll collection, State Police District 15 patrols, I-PASS, and toll violation enforcement.Employee salaries and benefits,roadway maintenance, snow and ice removal, minor pavement repairs.Debt ServiceAnnual interest and principal payments on the Tollway’s $815million outstanding bond debt.Renewal/ReplacementLarge pavement rehabilitation and reconstruction projects.ImprovementsSystem enhancements, pavement widenings, congestion relief,interchange upgrades and additions.The following chart depicts the three main sources of income,with toll revenues accounting forthe largest portion.2001 Sources of Revenue $366.5 (in millions)$341.7I-PASS ELECTRONIC TOLL COLLECTIONSUCCESSFULCollecting tolls by electronic means has been the most innovative transportation idea introduced in the past decade. The Illinois Tollway is a leader in utilizing this new technology and has employed this advancement into our I-PASS electronic toll collection program. Motorists enrolled in I-PASS obtain a transponder device which allows them to pay tolls electronically from a prepaid account ending the need to carry cash for tolls.In 2001, I-PASS electronic toll collection was responsible for nearly 36 percent of toll revenue, with more than 700,000 transponders in use. To more effectively serve current and potential I-PASS customers, a 24/7 toll-free phoneline service has been established. Also, an I-PASS Business Center has been located at our main headquarters building. This year, we successfully launched the I-PASS Mobile Unit reaching driversthroughout northern Illinois by holding regular office hours at various oases, attending trade shows, and setting up temporary booths at corporate and business centers.With the introduction of I-PASS Express and I-PASS Only toll lanes motorists can drive through numerous toll plazas at near highway speeds without stopping. I-PASS Express Lanes can process more than 2,000 vehicles per hour, compared to manual lanes at 350 vehicles per hour. We believe the I-PASS program continues to be the most effective solution for traffic congestion experienced at some toll plaza locations.Inclusion of commercial vehicles in the I-PASS program and introduction of Truck I-PASS Only Lanes in 2000 earned the Illinois Tollway the 2001 Toll Innovation and Excellence Award from the International Bridge, Tunnel and Turnpike Association. The Illinois Tollway was recognized for being the first toll agency in the world to create electronic toll collection lanes dedicated to only commercial vehicles. Five toll plazas were retrofitted with the new Truck I-PASS Only lanes by the end of 2001, with plans to add lanes for commercial vehicles at three more plazas in 2002.The Illinois Tollway has led the nation by introducing Truck I-PASS Only Lanes. This innovation has reduced vehicle backups at toll plaza locations, by as mush as 75%, improving traffic flow. Allowing for faster processing of commercial trucks permits more rapid travel for all motorists. By the end of 2001, approximately 90 percent of commercial vehicles with I-PASS were using dedicated Truck I-PASS Only and I-PASS Express lanes, when available, instead of stopping at manual toll collection lanes.To ensure proper toll collection, the Tollway employs extensive video surveillance procedures. Cameras located at various locations can transmit digitally the license plate of vehicles failing to pay the proper toll. Toll violators are subject to arrest, progressive monetary fines, or loss of their driving privileges.36p e r c e n t o f o u r t o l lr e v e n u e i s c o l l e c t e d t h r o u g h t h e I-P A S Sp r o g r a m.TOLLWAY ROAD SYSTEMThe Illinois Tollway system consists of four major roadways combining for a total of over 274 roadway and 1,650 lane miles. Plans are currently underway to rebuild, or renovate the seven oases located throughout the system using private funding sources.Northwest TollwayThe Northwest Tollway, I-90, is a 76-mile-long route that begins at the intersection of the Tri-State Tollway and the Kennedy Expressway near O’Hare International Airport, continues west to Rockford and then travels north ending near the Wisconsin boarder. The Northwest Tollway was opened to traffic in 1958. The current passenger vehicle cost to travel this section from end to end is $2. The Northwest Tollway includes 24 interchanges, 16 toll plazas and two oases.East-West TollwayThe East-West Tollway, I-88, covers 97 miles beginning just east of the junction of the Tri-State Tollway and the Eisenhower Expressway and continuing west to U.S. Route 30 in the Sterling/Rock Falls area. Initial construction from the Eisenhower Expressway to the Aurora toll plaza was completed in 1958. Construction of the East-West Tollway Extension, from Aurora to U.S. 30 was completed in 1971. The current passenger vehicle cost to travel the East-West Tollway from end to end is $2.70. The East-West Tollway includes 25 interchanges, 16 toll plazas and an oasis.Tri-State TollwayCompleted in 1958, the Tri-State Tollway, I-94/I-294, is an 83-mile beltway around the Chicago metropolitan area, extending just west of Indiana from the intersection of the Kingery Expressway and the Bishop Ford Expressway, north to the Wisconsin state line. The current passenger vehicle cost to travel the Tri-State from end to end is $2.45. The Tri-State includes 41 interchanges, 23 toll plazas and four oases.North-South TollwayThe North-South Tollway, I-355, is a 17.4-mile-long toll highway generally paralleling Illinois Route 53, beginning to the north at Army Trail Road in DuPage County and extending south to Interstate 55 in Will County. Completed in 1989, the North-South Tollway cost approximately $400 million to construct. The current passenger vehicle cost to travel the North-South Tollway from end to end is $1. The North-South Tollway includes 11 interchanges and 10 toll plazas.PAVEMENT CONDITION, REPAIR, AND INSPECTION Emergency repairs performed on the East-West Tollway- February 2001The original sections of the Tri-State, Northwest, and East-West Tollways were opened to traffic in 1958. In order to maintain these roadways, a substantial investment of money and manpower in required. The Tollway operates 11 maintenance sites throughout the system where over 400 employees are dedicated to maintaining the roadway surface, and accompanying facilities, in the best possible condition. These activities include pothole patching, applying crack sealant, snow and ice removal, drainage upkeep, and landscaping.In an effort to address the long-term needs of the system, the Tollway annually assesses the overall condition of the pavement on which millions of motorists drive.The first step of this process is maintaining, and updating, a list of all past rehabilitation and repair work. This informationidentifies where specific repair work will likely be required in the future, and where continued repairs would be ineffective and replacement is more cost effective.Second, annual pavement and bridge inspection data is reviewed to document the deterioration of the system. The Tollway uses a combination of video and electronic sensor data to develop a numerical rating of pavement conditions. This nationally recognized system is known as the Condition Rating System (CRS) where sections of pavement are given a ranking between 1-9. Additionally, our roadway maintenance staff are interviewed to determine if greater than normal routine maintenance efforts were conducted on any road segment. Increased maintenance activities often indicate underlying deterioration.Bridges are inspected on a two-year cycle. Bridge elements such as decks and beams are evaluated so that the most severely deteriorated items can be prioritized for repair or replacement. Tollway facilities, such as toll plaza buildings, and maintenance yard structures are also assessed.A majority of the Tollway system has undergone an average of three cycles of repair since their original construction. Outside private vendors are utilized to conduct major repair operations based upon a competitive bidding process. The life cycle of these pavement sections can be characterized as follows:· After 17 years, an asphalt surface was applied and minor repairs made to the concrete base.· At 26 years, the asphalt surface was removed and replaced. Additional repairs to concrete base as needed.· After 36 years, this cycle was repeated.As this pavement is now more than 40 years old, sections are showing marked deterioration and distress. Additional asphalt overlays will only provide a short-term solution, as they will require replacement more often as the concrete base condition continues to decline.Most of the Tollway’s basic pavement infrastructure is approaching the end of its planned lifecycle. The Tollway Authority remains committed to seeking solutions that will maintain the long-term integrity of the Tollway system.During an average winter, the Tollway spends nearly 4.5 million dollars to keep the roadwayclear of snow and ice.MANAGEMENTBoard of DirectorsChairman Arthur Philip Directors James Banks Kenneth Cabay Norman Gold Carl KrampThomas P. Hardy George PradelKatherine D. Selke Julie McKevittEx-Officio MembersGovernorGeorge RyanSecretary of TransportationKirk BrownExecutive Director Thomas S. CuculichInterstate 294Cermak Toll Plaza 1960By state law, the Tollway Authority is governed by a Board of Directors.The Board consists of eleven Directors, nine of whom are appointed by the Governor, and approved by the Illinois Senate, for a four-year term. No more than five directors can be of the same political party. One Director is nominated by the Governor to also serve as Chairman. The Governor and the Secretary of Transportation serve as ex-officio Directors. Board meetings are held twice monthly, in addition to meetings of Board Committees. All meetings are open to the public. An Executive Director, manages day-to-day operations and the activities of the executive staff.ORGANIZATIONThe Illinois Tollway is organized into seven major units as follows:ExecutiveIn addition to the Executive Director, this area includes programming and planning,public & community relations,and EEO Officer.OperationsAdministers all toll collection activities including video surveillance, cash handling,purchasing, and general facilities maintenance.Finance & Administration Oversees all accounting, finance,budgeting and insurance matters. Including human resources, employee training and safety, and the I-PASS electronic toll collection program.EngineeringManages all facets of roadway activities including construction,design, traffic control, incident management & response, and roadway maintenance and safety.State PoliceOver 150 sworn officers comprise Illinois State Police District 15,constituting the largest District in Illinois for enforcement and safety patrols.Department ChiefsOperations, Richard DeRobertis Engineering, Kesti Susinskas Administration & Finance, Nick Jannite Information Technology, Mike DreierChief Counsel, Gene Kennelly District 15 State Police, Norman MartinInformation Technology Operates all computer related activities, in addition to telecom and radio systems for external and internal communications needs.Chief CounselServes as the Tollway’s representative in all legal matters. All attorneys are appointed by the Illinois AttorneyGeneral’s Office.A comprehensive listing of information relating to the Illinois Tollway can befound at our Website:Consultants, Technology Advisors & CPAsFPT&W Ltd.2221 Camden Court, Suite 300 Oak Brook, Illinois 60523Phone: 630.574.1040 Fax: 630.574.8313 Web: Independent Auditor's ReportHonorable William G. Holland Office of the Auditor General Chicago, IllinoisandBoard of Directors of theIllinois State Toll Highway Authority Downers Grove, IllinoisAs Special Assistant Auditors for the Auditor General, we have audited the accompanying statement of net assets of the Illinois State Toll Highway Authority, a component unit of the State of Illinois, as of December 31, 2001 and 2000, and the related statements of revenues, expenses, and changes in net assets and cash flows for the years then ended. These general purpose financial statements are the responsibility of the Illinois State Toll Highway Authority management. Our responsibility is to express an opinion on these financial statements based on our audit.We conducted our audit in accordance with auditing standards generally accepted in the United States of America Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the Illinois State Toll Highway Authority, as of December 31, 2001 and 2000, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.Our audit was performed for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The supplementary information as listed in the Table of Contents is presented for purposes of additional analysis and is not a required part of the general purpose financial statements of Illinois State Toll Highway Authority. Such information, except for that portion marked "unaudited" on which we express no opinion, has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is presented fairly, in all material respects, in relation to the general purpose financial statements taken as a whole.As discussed in Note 1 to the financial statements, the Illinois State Toll Highway Authority adopted the provisions of Governmental Accounting Standards Board Statement No. 34 -Basic Financial Statements- and Management's Discussion and Analysis- for State and Local Governments, Statement No. 37 -Basic Financial Statements- and Management's Discussion and Analysis- for State and LocalChicago' Oak Brook' Springpeld .New York' Indiano19Governments: Omnibus and Statement No. 38 Certain Financial Statement Note Disclosures. This results in a change in the format and content of the basic financial statements and accompanying notes ot the financial statements.The Management's Discussion and Analysis is not a required part of the general purpose financial statements but is supplementary information required by the Governmental Accounting Standards Board. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the supplementary information. However, we did not audit the information and do not express an opinion on it.rPtf ~/Jv /fJ.FPT & W, Ltd.Oak Brook, Illinois May 28, 200220As the financial management of the Illinois State Toll Highway Authority (the “Authority”), we offer readers a discussion and analysis of the Authority’s financial performance that provides an overview of the financial activities, and identifies changes in the Authority’s financial position for the year ended December 31, 2001. Use this section in conjunction with the Authority’s financial statements as a whole.GASB Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments establishes new reporting requirements for state and local governments. Consequently, as a component unit of the State of Illinois, the Authority has implemented the new reporting requirements for the year ended December 31, 2001 by including new information and restructuring the presentation of the financial statements.FINANCIAL SUMMARYAs of December 31, 2001, operating income for the Authority was $65 million less the net nonoperating expense amount of $19 million, producing an increase in net assets of $46 million. The term “net assets” refers to the difference between assets and liabilities. As of December 31, 2001, the Authority had net assets of $1.442 billion, an increase of 3% over the prior year.OVERVIEW OF THE FINANCIAL STATEMENTSThis discussion and analysis is intended to serve as an introduction to the Authority’s financial statements, which is comprised of the basic financial statements and the notes to the financial statements. Since the Authority is recognized as a proprietary, business-type enterprise (single enterprise fund), no fund level financial statements are shown.BASIC FINANCIAL STATEMENTSThe basic financial statements are designed to provide readers with a broad overview of the Authority’s finances, in a manner similar to a private business enterprise.The statement of net assets presents information on all of the Authority’s assets and liabilities, with the difference between the two reported as net assets. Over time, increases and decreases in net assets may serve as a useful indicator of whether the financial position of the Authority is improving or deteriorating. Net assets increase when revenues exceed expenses. Increases to assets without a corresponding increase to liabilities result in increased net assets, which indicates an improved financial position.The statement of revenues, expenses, and changes in fund net assets present information showing how net assets changed during the year. Changes in net assets are reported using the accrual basis of accounting. Revenue is recognized in the period in which it is earned, and expenses are recognized in the period in which they are incurred, regardless of the timing of related cash flows. Thus revenues and expenses are reported in this statement for some items that will only result in cash flows in future periods.。