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COSTS AND FUNDING <br /> This chapter presents the operating costs and funding sources for Orange Public Transportation <br /> in Orange County over the next four years. It is assumed that existing funding levels will be maintained <br /> (with the exception to Section 18) and costs to provide existing levels of service will remain stable, with <br /> some adjustments for the new services as well as inflation. If services or funding levels change <br /> significantly over the course of the four years, an updated budget will be necessary. <br /> ADDITIONAL ORANGE PUBLIC TRANSPORTATION SERVICES <br /> Costs for the additional scheduled route from Chapel Hill to Hillsborough that will be open to the <br /> general public is approximately $10,010. Since this is built on the Orange Enterprise route, there is no <br /> additional morning round-trip, but the additional hours between 4:00 p.m.and 6:00 p.m. and the additional <br /> round trip in miles would result in additional costs. The $10,010 figure is based on 30 miles per round- <br /> trip, 260 work days per year and two hours per day at a rate of$11.00 per service hour plus $0.55 per <br /> mile. <br /> Funding will have to come from three sources: fares, local, and state. A 25 percent farebox <br /> recovery could be achieved with a$1.00 fare (comparable to other TTA regional services), and an average <br /> of 9-10 regular riders would be needed. Since this will be serving the general public, the other 75 percent <br /> of the costs will have to be made up with state and local funds. The amount of funding needed by the <br /> state and local governments would be approximately $3,500 each. <br /> The general public demand-responsive service in Hillsborough will cost approximately $17,016 <br /> in general public/Title III service, plus $1,000 for direct costs of marketing. The total cost is based on <br /> a cost of$11.00 per hour(20 hours per week, 1,040 hours per year), operating at$0.35 per mile(12 miles <br /> per hour -- reflecting the village nature of most trips). <br /> In addition to any agency client trips that could be provided under contract, the estimated general <br /> public ridership can be expected to be similar to that in other small towns, accounting for the difference <br /> in population. At a trip rate of.50 trips per person per year, the Hillsborough area could generate 2,188 <br /> -57- <br />