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33 <br /> Chapter 2: Costs and Funding <br /> Chapter 2 : Costs and Funding <br /> This chapter presents an overview of the costs of OPT services. This includes an examination <br /> of operating and administrative costs, capital costs (primarily vehicles) and indirect costs. A <br /> comprehensive budget is presented that includes all identifiable administrative, operating <br /> and indirect costs. This is then used to develop an average cost per service hour for OPT <br /> services. In addition, an incremental cost per service hour is calculated for use in estimating <br /> the costs of additional services that will not require expansion of the basic administrative <br /> staff structure. Finally, a cost allocation model is used to compare the estimated variable <br /> costs for each of the current services, based on estimates of the amount of service each <br /> contract or service utilizes. <br /> OPERATING AND ADMINISTRATIVE COSTS <br /> The FY 2014 OPT revised budget and actual results is provided in Table 2-1. The county's <br /> budget system is the MUNIS municipal budget system which unfortunately bears no relation <br /> to the G code FIFA standard transit accounts (column number 1 in the table) and many of the <br /> account names do not accurately reflect the actual purpose or source. Fortunately, the <br /> Orange County planning staff has developed a Chart of Accounts. This chart was used along <br /> with the FTA's UPTAS chart of accounts (known as the G codes), an OPT analysis of FY 2014 <br /> costs and data from Orange County on transit related indirect costs (unfortunately these <br /> were for FY 2013) to develop this table.As can be seen, the total budgeted operating cost was <br /> $874.932, and the end-of-year actual cost was $978,912.A large factor in the difference <br /> between budget and actual is that the indirect costs (approximately$170,000) were not <br /> included in the OPT revised budget and there were variances between budget and actual. <br /> KFH <br /> NCDOT Orange County 17 <br /> Transit Assessment Study <br />