Agenda - 09-05-2013 - 5a - Laserfiche WebLink

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15 1 He said work is being done with legislative representatives to make that technical correction. 2 He said that particular change will go through in a bill late in the session. 3 Wib Gulley said this will not be shown in the budget until it is resolved and there will be 4 an update for the Board of County Commissioners in the fall. He said this is not holding any 5 work up. He said the implementation agreement provides for annual reviews of activities for 6 bus and rail. He said every 4 years it provides a thorough review of the rail project and its 7 status, and at 8 years or sooner there can be other reviews, as desired. 8 He said the agreement also provides a process for the three parties — MPO, Triangle 9 Transit and Orange County—to review and make changes, as needed. 10 John Tallmadge, Director of Regional Services Development at Triangle Transit, said 11 this implementation agreement lays out many steps for moving from the plan to funding 12 services and capital improvements. He said there are three implementing entities —Orange 13 County, MPO and Triangle Transit (TT). He said Triangle Transit has the oversight 14 responsibilities. He said there is a proposal on page two which forecasts revenue expectations 15 for each of the three entities. 16 He said the plan identifies services and lays out service types. He said there needs to 17 be continued planning. He said there have been meetings with County staff about a proposed 18 process that involves stakeholders —from Durham County and Orange County— and there 19 would be defined goals for these services. He said data on travel demands and markets in the 20 county would be analyzed to develop service and capital proposals, such as park and ride lots. 21 He said there would then be a prioritization process taking into account financial constraints. 22 He referenced the proposal on pages 5-7 of the abstract and said the intent is to have broad 23 outreach. 24 He said Triangle Transit has identified additional frequencies from South Durham to 25 UNC to deal with overcrowding in the park and ride lots. This will be done this fall. He said 26 Chapel Hill Transit has communicated an expectation for some money to be used to fund 27 existing services and some money to expand evening and Saturday hours. 28 He said communication has just been received from Orange County staff regarding 29 options for use of revenues, and the process of determining revenue use is nearing closure. 30 Sondra Freeman, Chief Financial Officer for Triangle Transit, said information has been 31 provided on the investment plan overview. She said attempts are being made to be very 32 transparent in all decisions; and TT will be responsible for providing financial information and 33 ensuring that information is audited each year. 34 She directed the Board members to Attachment 1, and she reviewed the 2013-14 35 proposed budget. She said the total collections will be $31 million, and the total expenditures 36 will be $16.3 million. She reviewed the revenue sources and the expenditures. 37 She reviewed the numbers from the chart on abstract page 4 - FY14 Draft Budget for 38 the Bus and Rail Investment Plan. Total collections for Orange County, from all revenue 39 sources, are $7.3 million and administrative costs total $150,000. She said costs are split 40 between the two counties. She said there is also a very conservative reserve of$3.2 million. 41 This leaves a net revenue of about $4 million. 42 Commissioner McKee asked for the percentage of administration costs. 43 Sondra Freeman said administrative costs make up 1.03% of the total collected. 44 Commissioner McKee asked if this includes personnel and consultants. 45 Sondra Freeman said no, this is strictly administrative costs. 46 Sondra Freeman said that staff positions are pro-rated, and positions will be hired 47 throughout the year at different stages. An annual cost will be available the following year. She 48 said there are 9 individuals included, with a total of$169,000. She said the consultants total is 49 $3.2 million for Orange.