Agenda - 04-27-2017 - 1 - Consideration of the Final Draft Durham – Orange Light Rail Cost Sharing Agreement and Final Draft Orange County Transit Plan

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94 OMTOO Camokh&aaY.Flow Details Page 1/3 *Cash flow is based on assumptions in Table 4.8-1 of the Orange Operating Revenues 2017 2018 2019 2020 2021 MELIM1. 2024 = 2025 Sales Tax 6,687,816 7,001,929 7,400,189 7,753,837 8,000,493 8,259,373 8,595,236 8,927,860 9,225,637 9,505,611 Vehicle Rental Tax 569,291 595,478 621,679 647,790 674,997 701,997 730,077 757,820 794,195 832,316 $3 Vehicle Registration Fee 345,873 359,362 370,502 381,617 392,302 403,286 414,175 425,358 436,417 450,819 $7 Vehicle Registration Fee 806,986 838,458 864,450 890,384 915,315 940,944 966,349 992,440 1,018,243 1,051,845 Prior Year Cash Balance Restricted Operating 2,131,063 - - - - - - - - - Prior Year Cash Balance Unrestricted 9,355,894 19,896,923 8,795,227 9,256,820 9,673,628 9,983,107 10,305,600 10,705,837 11,103,478 11,474,492 11,840,591 Operating Expenses -NEWS 2019 W 2021 ---N.Rr- 20AW 2^� 2046 Allocations to Transit Providers for Bus O&M 3,100,195 3,155,000 3,241,593 3,342,082 3,444,909 3,549,297 3,656,854 3,766,829 3,880,121 3,995,939 Allocation to County Admin&Fac.O&M - 132,339 26,850 27,682 28,540 29,425 30,337 31,278 32,247 33,247 Allocation to GoTriangle for D-O LRT O&M 3,100,195 3,287,339 3,268,443 3,369,764 3,473,449 3,578,722 3,687,192 3,798,107 3,912,369 4,029,186 Deposit to Operating Reserve 589,016.25 11,234 39,644 19,837 20,257 20,479 21,097 21,522 22,166 22,606 Operating Revenues Remaining for Capital 16,207,712 5,496,655 5,948,733 6,284,027 6,489,400 6,706,399 6,997,548 7,283,850 7,539,957 7,788,799 Capital Revenues 2018 2023 = 2025 ■ 4e46 Carryover From Prior Year 12,958,514 5,031,514 3,770,885 40,747,859 38,579,844 31,963,998 19,948,208 18,624,502 18,956,816 Prior Year Cash Balance Restricted Capital 575,507 Orange D-O LRT Spent,Pre-2017" 7,824,006 Operating Revenues Remaining for Capital 16,207,712 5,496,655 5,948,733 6,284,027 6,489,400 6,706,399 6,997,548 7,283,850 7,539,957 7,788,799 Orange D-O LRT Federal FFGA Revenues - - - 18,500,000 18,500,000 18,500,000 18,500,000 18,500,000 18,500,000 18,500,000 Orange D-O LRT State Revenues - - 4,418,852 4,433,652 4,418,852 4,418,852 4,418,852 4,448,852 4,590,102 4,743,093 Orange D-O LRT LOB Proceeds - - - - - - - 30,000,000 5,000,000 27,500,000 Orange D-O LRT GAN Proceeds - - - - - - - - 46,250,000 - Orange D-O LRT TIFIA Proceeds - - - - - - 5,966,250 33,808,750 11,932,500 11,932,500 Orange Debt Service Reserve Release - - - - - - - - - - Orange Debt Service Reserve Interest Earnings - - - - - - 5,862 69,083 132,057 171,282 In-Kind Donation(Right of Way) - - - 3,584,640 - - - - - - Local Grants for Joint Development - - - - - - - - 105,557 108,704 Private Capital Campaign 18,120,000 24,607,225 18,455,169 15,399,098 54,693,204 70,156,110 68,205,095 67,852,510 114,058,742 112,674,676 89,701,194 Capital Expenses , 2017 2018 2020 _M 2021 2022 2023 2024- 2025 2026 Allocations to Transit Providers for Vehicles - 3,496,436 376,939 - - - - - 191,496 233,373 North-South Corridor BRT(Tax District Share) - 1,531,250 1,531,250 1,531,250 1,531,250 - - - - - Hillsborough Train Station(Tax District Share) - 116,000 - 285,000 285,000 - - - - - Orange County Bus Facilities and Capital Projects - 1,376,364 1,340,301 761,114 1,034,047 546,466 92,869 63,832 - - State of Good Repair for D-O LRT 6,520,051 3,248,490 2,577,364 2,850,297 546,466 92,869 63,832 191,496 233,373 D-O LRT Project Costs(No Debt)" 11,648,711 6,903,604 8,379,723 11,219,981 28,725,969 35,694,631 47,225,194 88,748,389 78,176,685 56,593,075 Orange LOB Debt Service - - - - - - - - 8,264,701 8,464,701 Orange GAN Debt Service - - - - - - - - - 1,850,000 Orange TIFIA Debt Service - - - - - - - - - - Orange Debt Service Reserve Deposit - - - - - - 586,239 6,322,019 6,297,477 3,922,477 Orange Cost of Issuance 148,000 300,000 787,500 11,648,711 6,903,604 8,379,723 11,367,981 28,725,969 35,694,631 47,811,432 95,370,408 93,526,363 70,830,254 Cumulative Fund Balance 2021 2022 2023 Ending Balance 12,958,514 5,031,514 3,770,885 40,747,859 38,579,844 31,963,998 19,948,208 18,624,502 18,956,816 18,637,567 The D-O LRT Project cost shown in FY 2017 is a total of actual and budgeted expenditures for FY 2014 through FY 2017.Corresponding Tax District revenues spent to date are shown as revenues.