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Attachment A(2) <br />Comparison of Draft Financial Model Update Assumptions to Adopted Plans <br />* Rounded values <br />** Receipt of funds projected to begin on October 1, 2014 (3/4 of full fiscal year) <br />* ** Durham Plan costs were for FY12 and were blended across three agencies. <br />Shaded cells show draft changes to assumptions from the adopted plans. <br />1/23/2014 <br />Adopted Plan <br />Draft Update <br />Sales Tax <br />FY2014 in Orange <br />$5,000,000 <br />$6,283,620 <br />ST Growth Rate in Orange (FY15) <br />1.0% <br />3.0% <br />LT Growth Rate in Orange (FY16 and beyond) <br />3.6% <br />4.4% <br />FY2014 in Durham <br />$18,956,000 <br />$21,730,640 <br />ST Growth Rate in Durham (FY15) <br />1.5% <br />3.5% <br />LT Growth Rate in Durham (FY16 and beyond) <br />3.5% <br />4.6% <br />$7 Registration Fee <br />FY2015 in Orange <br />$800,000* <br />$784,488 <br />Growth Rate in Orange <br />2.0% <br />2.0% <br />FY2015 in Durham <br />$1,644,000 <br />$1,549,572 <br />Growth Rate in Durham <br />2.0% <br />2.0% <br />$3 Registration Fee <br />FY2015 in Orange <br />$350,000* <br />$252,157 ** <br />Growth Rate in Orange <br />2.0% <br />2.0% <br />FY2015 in Durham <br />$704,350 <br />$498,205 ** <br />Growth Rate in Durham <br />2.0% <br />2:0% <br />%5 Rental Tax <br />FY2015 in Orange <br />$600,000* <br />$503,000 <br />Growth Rate in Orange <br />4.0% <br />4.0% <br />FY2015 in Durham <br />$1,081,000 <br />$1,030,000 <br />Growth Rate in Durham <br />4.0% <br />4.0% <br />Federal Participation <br />.5404 per vehicle revenue mile <br />Section 5307 <br />(grows 2.5% annually) <br />.5404 per vehicle revenue mile <br />Vehicle Purchases <br />80% <br />30% <br />Bus Capital Projects <br />80% <br />38% <br />MLK Busway <br />50% <br />50% <br />Hillsborough Train Station <br />80% <br />80% <br />D -O LRT <br />50% <br />50% <br />D -R Commuter Rail <br />50% <br />50% <br />State Participation <br />SMAP <br />10% of new operating costs <br />7.5% of new operating costs <br />Vehicle Purchases <br />10% <br />5% <br />Bus Capital Projects <br />10% <br />8% <br />MLK Busway <br />25% <br />25% <br />Hillsborough Train Station <br />10% <br />10% <br />D -O LRT <br />25% <br />25% <br />D -R Commuter Rail <br />25% <br />25% <br />Fare Recovery <br />Chapel Hill Transit <br />0% <br />0% <br />Orange Public Transportation <br />3.5% <br />3.5% <br />Triangle Transit - Orange <br />15% <br />15% <br />Triangle Transit - Durham <br />15% <br />15% <br />DATA <br />20% <br />15% <br />Durham County ACCESS <br />0% <br />0% <br />FY13 Bus Operating Costs per Revenue Hour <br />Chapel Hill Transit <br />$97 <br />$103 <br />Orange Public Transportation <br />$58 <br />$58 <br />Triangle Transit - Orange <br />$97 <br />$108 <br />Triangle Transit - Durham <br />$8s * ** <br />$108 <br />DATA <br />$85 * ** <br />$89 <br />Durham County ACCESS <br />$85 * ** <br />$53 <br />* Rounded values <br />** Receipt of funds projected to begin on October 1, 2014 (3/4 of full fiscal year) <br />* ** Durham Plan costs were for FY12 and were blended across three agencies. <br />Shaded cells show draft changes to assumptions from the adopted plans. <br />1/23/2014 <br />