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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95 Table OMTOO Camokh&aaY.Flow Details Page 2/3 *Cash flow is based on assumptions in Orange County Transit Plan. Operating Revenues 2027 2028 2029 = =2032 ` 2033 Sales Tax 9,797,641 10,117,042 10,473,796 10,850,293 11,255,018 11,672,887 12,079,677 12,502,484 12,931,545 13,427,146 Vehicle Rental Tax 872,267 914,136 958,015 1,004,000 1,052,192 1,102,697 1,155,626 1,211,096 1,269,229 1,330,152 $3 Vehicle Registration Fee 465,696 481,064 496,939 513,338 530,278 547,777 565,854 584,527 603,816 623,742 $7 Vehicle Registration Fee 1,086,556 1,122,412 1,159,452 1,197,714 1,237,239 1,278,068 1,320,244 1,363,812 1,408,818 1,455,309 Prior Year Cash Balance Restricted Operating - - - - - - - - - - Prior Year Cash Balance Unrestricted 12,222,160 12,634,654 13,088,202 13,565,345 14,074,727 14,601,429 15,121,401 15,661,919 16,213,408 16,836,349 Operating Expenses 2027 2028 2029 2030 2032 2033 2036 Allocations to Transit Providers for Bus O&M 4,121,646 4,251,310 4,385,056 4,523,014 4,665,314 4,812,095 4,963,497 5,119,666 5,280,752 5,446,911 Allocation to County Admin&Fac.O&M 34,278 35,340 36,436 37,565 38,730 39,930 41,168 42,445 43,760 45,117 Allocation to GoTriangle for D-O LRT O&M 4,022,089 4,146,774 4,275,324 4,407,859 4,544,503 4,685,382 4,830,629 4,980,379 4,155,923 4,286,651 8,443,582 8,707,353 8,979,368 9,259,885 9,549,169 9,847,493 10,155,142 10,472,406 Deposit to Operating Reserve 24,882 25,668 26,479 27,317 28,180 29,071 29,990 30,938 31,916 32,925 Operating Revenues Remaining for Capital 8,041,354 8,322,335 4,618,141 4,830,675 5,067,179 5,312,473 5,542,243 5,783,487 6,026,350 6,331,017 Capital Revenues 2027 2 2031 2033 Carryover From Prior Year 18,637,567 17,624,565 19,093,816 18,588,446 15,385,523 18,774,371 21,846,919 17,944,666 17,718,003 17,283,836 Prior Year Cash Balance Restricted Capital Orange D-O LRT Spent,Pre-2017" Operating Revenues Remaining for Capital 8,041,354 8,322,335 4,618,141 4,830,675 5,067,179 5,312,473 5,542,243 5,783,487 6,026,350 6,331,017 Orange D-O LRT Federal FFGA Revenues 18,500,000 18,500,000 18,500,000 18,500,000 18,500,000 6,581,891 - - - - Orange D-O LRT State Revenues 4,812,304 4,800,883 325,012 242,101 149,467 53,127 - - - - Orange D-O LRT LOB Proceeds 5,000,000 5,000,000 - - - - - - - - Orange D-O LRT GAN Proceeds 11,100,000 - - - - - - - - - Orange D-O LRT TIFIA Proceeds 11,932,500 3,977,500 - - - - - - - - Orange Debt Service Reserve Release - 2,109,174 - - 5,125,000 4,860,000 - - - - Orange Debt Service Reserve Interest Earnings 199,107 178,015 178,015 178,015 126,765 78,165 78,165 78,165 78,165 78,165 In-Kind Donation(Right of Way) - - - - - - - - - - Local Grants for Joint Development 5,823,708 6,004,243 - - - - - - - - Private Capital Campaign 84,046,540 66,516,715 42,714,984 42,339,238 44,353,934 35,660,028 27,467,327 23,806,319 23,822,519 23,693,019 Capital Expenses , 2027 2028 .�129 2030 2031 2033 2034 2035 2036 Allocations to Transit Providers for Vehicles 481,216 - - 1,374,152 - - 3,732,279 297,934 614,341 - North-South Corridor BRT(Tax District Share) - - - - - - - - - - Hillsborough Train Station(Tax District Share) - - - - - - - - - - Orange County Bus Facilities and Capital Projects - 72,123 148,718 - - - - - 133,960 - State of Good Repair for D-O LRT 481,216 72,123 148,718 1,374,152 - - 3,732,279 297,934 748,301 - D-O LRT Project Costs(No Debt)" 43,043,576 25,525,621 - - - - - - - - Orange LOB Debt Service 9,564,701 10,942,152 10,530,877 12,132,619 12,132,619 10,755,169 - - - - Orange GAN Debt Service 10,389,004 10,833,004 13,446,944 13,446,944 13,446,944 3,057,940 - - - - Orange TIFIA Debt Service - - - - - - 5,790,381 5,790,381 5,790,381 5,790,381 Orange Debt Service Reserve Deposit 2,782,477 - - - - - - - - - Orange Cost of Issuance 161,000 50,000 65,940,759 47,350,776 23,977,820 25,579,563 25,579,563 13,813,109 5,790,381 5,790,381 5,790,381 5,790,381 Cumulative Fund Balance MMMr" ! 2029 2030 2032 2033 Ending Balance 17,624,565 19,093,816 18,588,446 15,385,523 18,774,371 21,846,919 17,944,666 17,718,003 17,283,836 17,902,637 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.