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44 <br /> Chapter 2: Costs and Funding <br /> OPT FY 2014 FY 2014 <br /> Title Budget Actual <br /> Transportation Payments-DSS (NEMT) $40,000 $ 67,116 <br /> Advertising <br /> Property Tax Ad Valorem: Current Yr <br /> Property Tax Ad Valorem: 1st Yr Prior <br /> Property Tax Ad Valorem: 2nd Yr Prior <br /> General Ticket Sales-Passenger Fares $ 4,000 $ 11,904 <br /> Market Promotion <br /> Triangle Transit Authorized Service <br /> Special Event Revenues <br /> Vehicle License Fee Collections $ 66,000 $ - <br /> Interest Income <br /> Sales: Equipment ' <br /> Miscellaneous Revenues <br /> Warranty Reimbursement ■ <br /> Appropriation FD Balance ■ <br /> Local Total ` $ 273,227 $ 263,421 <br /> Total Funding ■ ■ $ 638,227 $ 560,196 <br /> Source:Created by KFH based on the OPT FY14 MUNIS Year-to-date Budget Report <br /> Comparing the budgeted funding and revenues to the total budgeted expenditure, <br /> approximately'73% of the OPT operating expenses were covered by federal or state grants, <br /> contracts or user contributions. If the total actual expenditure (FY 2014 actuals plus indirectS2) <br /> is compared to the actual FY 2014 revenues, this recovery declines to 54.8%. In general, <br /> reimbursements are not received until long after the period of performance so they may be <br /> posted in the following year. Because of this situation, the budgeted column is probably a <br /> better reflection of the types and amounts of funding used to support OPT services. <br /> z In this budget,the provided line item estimates of indirect costs.Where line items that had been listed by the County as <br /> indirect costs could be assigned to G-code accounts,they were included in this budget under the appropriate line item. <br /> For example the County identified vehicle insurance as an indirect cost, but it could be assigned to G452. Indirect costs <br /> identified by the County that could not be assigned to a line item were aggregated and assigned to the G 481 Central <br /> Services line item. NCDOT-PTD calculation of eligible indirect costs for its grant programs likely would be different. <br /> KFH <br /> NCDOT Orange County 28 <br /> Transit Assessment Study <br />