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i147} Volume 2. Issue 2 AMHERST ISLAND FERRY SERVICE PAGEZ Fuel Consumption & Costing Trends . Ferry staff continue to monitor operations to reduce fuel consumption and their efforts are reaping rewards. There has been a 14 % and a further 3.9 % reduction in fuel consumption from the 2005 and 2006 levels. Al- though the cost of fuel per litre has in- creased by 20% the actual total fuel costs have decreased. Fuel Consumption / Costs ( January to June) 2005 2006 2007 Litres 386,506 332,674 319,618 Good work, Ferry staff! Dollars $221,916 $230,214 $219,978 Average $05742 Cost/litre $06920 $06883 Forecast of Ferry Revenue / Expenses As of July 31, 2007, the Ferry service expenses were $1,144,530 of a total budget of $2,194,800. If the current trend continues, expenses for 2007 will be below budget. On the other hand, fares collected as of July 31, 2007, amount to $134,984 of a forecasted year end estimate of $27 5,000. If this trend continues, there is a projected revenue shortfall of $22,000. A review of the ridership stats indicates a reduction in car and truck traffic of 4,844 vehicles between the months of January to July, compared to 2006. The projected revenue shortfall can be attributed partially to the delay in implementing the fare increase and to the decrease in ridership. The Township is able to cover this year's anticipated deficit from the Ferry Reserve account. Ministry of Transportation MTO 00'" letes Fer 1' Com liance Audit , Announcements The MTO auditors have completed their au- dit of the Township's operations With respect to the agreement between the Township and the Ministry. The results of the audit are ex- pected shortly. a Ministry of Transportation ' informed ' , Township staff on August 20, 2007 that, until the review of ferry operations in Eastern Ontario is completed, PT? Wi" Senior Captain retires after eed with an Ministry un ed . . Estifarlopcrojects. y ' 42 years of dedicated servuce P Loyalist Township extends sincere The Frontenac II was to go into dry dock congratulations to Senior Captain Earle Willard this fall. Due to the dry-dock schedule for "P0" h'S recent I'Gtirement from the Ferry the Quinte-Loyalist this fall also, MTO is Service. considering deferring the Frontenac II dry Arnherst Island residents have depended on his docking to the spring of 2008. Refer to falthful services for all those years and we wish him and Donna all the best in his retirement years. . Thanks, Senior Captain Earle! the Township web site for updates. For up to date ferry information, refer to the Township's web site.