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47 <br /> Chapter 2:Costs and Funding <br /> the MUNIS accounts but the revenues shown in the MUNIS system now reflect revenues from <br /> contracted trips beyond baseline Medicaid and Senior Center services. In FY 2014, $ii,000 was <br /> budgeted for "driver lease" receipts and $1o,000 for"vehicle lease". Actual receipts were $1,054 <br /> for vehicle lease, and $13,032 for driver lease. These are budget line names, not actual leasing of <br /> drivers or vehicles from OPT or by OPT. <br /> Dedicated Local Taxes <br /> In North Carolina, local vehicle registration fees can be used to fund transit programs. Orange <br /> County budgeted $66,000 in FY 2014 to come from such fees but no revenues are shown. In <br /> addition, Orange County voters supported the collection of a 1/2-cent sales tax for transit. OPT <br /> will be using its allocation for service expansion. In FY 2014, the OPT budget included $22,000 <br /> in proceeds from this tax but this was premature and there were no receipts. <br /> COST ALLOCATION <br /> In an effort to compare costs for particular services to the revenues associated with them, a cost <br /> allocation model was applied to the FY 2015 OPT budget to develop a formula that can be used <br /> to assign costs to the different services based on the number of miles, service hours and riders <br /> associated with each. The purpose of this exercise is to shed some light on existing cross <br /> subsidies and the relationship between the funding provided by different agencies and the <br /> related costs. There are limitations to this analysis and it should not be used for pricing at this <br /> point. <br /> The FY 2015 OPT budget was provided in the MUNIS report. Because it shows the original <br /> budget, the revised budget and the actual accrued amount and the budget year is not yet over, <br /> the revised budget amount was used to populate the accounts of the model. The model used is <br /> the cost allocation model developed by ITRE for use in North Carolina transit systems. The <br /> chart of accounts used is the G-code transit accounts so an assignment was made to <br /> incorporate the MUNIS budget into the appropriate G-code line items. The model assigns each <br /> line item based on whether it is fixed or varies with miles, hours or ridership. An adjustment is <br /> made reflecting the NCDOT contribution for the CTP administrative grant. Capital is not <br /> included in the model. <br /> KFH <br /> NCDOT Orange County 31 <br /> Transit Assessment Study <br />