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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92 Operating Revenues 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Sales Tax 45,664,741 47,522,952 49,539,604 51,632,431 53,689,766 55,861,555 58,091,810 60,655,417 63,472,589 66,369,003 69,403,981 72,589,830 Vehicle Rental Tax 1,963,454 2,057,700 2,156,470 2,259,981 2,368,460 2,482,146 2,601,289 2,726,151 2,857,006 2,994,143 3,137,861 3,288,479 $3 Vehicle Registration Fee 936,217 961,495 987,455 1,014,116 1,041,497 1,069,617 1,098,497 1,128,156 1,158,616 1,189,899 1,222,026 1,255,021 $7 Vehicle Registration Fee 2,184,620 2,243,605 2,304,182 2,366,395 2,430,288 2,495,906 2,563,295 2,632,504 2,703,582 2,776,578 2,851,546 2,928,538 Prior Year Cash Balance Restricted Operating - - - - - - - - - - - - Prior Year Cash Balance Unrestricted 50,749,032 52,785,752 54,987,711 57,272,923 59,530,011 61,909,224 64,354,891 67,142,228 70,191,793 73,329,623 76,615,414 80,061,867 Operating Expenses 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Allocations to Transit Providers for Bus O&M 5,984,538 6,165,804 6,352,575 6,545,018 6,743,305 6,947,615 7,158,130 7,375,040 7,598,540 7,828,830 8,066,116 8,310,613 Allocations to Transit Providers for Administration 167,307 114,996 118,561 342,261 189,038 129,932 133,960 207,170 398,705 146,809 151,360 234,078 Allocations to Transit Providers for Bus Facilities O&M 110,720 114,153 117,691 121,340 125,101 128,979 132,978 137,100 141,350 145,732 150,250 154,908 Allocation to GoTriangle for D-O LRT O&M 16,088,358 16,587,097 17,101,297 17,631,437 18,178,012 18,741,530 19,322,517 19,921,515 20,795,821 21,175,794 21,832,244 22,509,043 Allocation to GoTriangle for CRT O&M 6,318,254 6,514,120 6,716,058 6,924,255 22,350,923 22,982,050 23,690,124 24,640,056 25,235,456 25,948,056 26,747,586 27,640,825 35,252,670 35,811,284 36,916,027 38,132,897 Deposit to Operating Reserve 29,711 30,604 31,524 32,471 33,448 34,453 35,490 36,557 37,656 38,789 39,956 41,158 Operating Revenues Remaining for Capital 28,368,398 29,773,099 31,266,064 32,600,396 34,261,108 35,926,714 37,571,816 39,464,846 34,901,467 37,479,550 39,659,431 41,887,812 Capital Revenues 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Carryover 8,417,711 21,263,343 51,948,552 96,215,457 105,033,236 52,974,287 29,824,831 3,657,932 21,995,279 35,079,590 52,670,419 57,395,831 Prior Year Cash Balance Restricted Capital Durham D-O LRT Spent,Pre-2017 - OperatingRevenuesRemainingforCapital 28,368,398 29,773,099 31,266,064 32,600,396 34,261,108 35,926,714 37,571,816 39,464,846 34,901,467 37,479,550 39,659,431 41,887,812 Durham D-O LRT Federal FFGA Revenues 81,500,000 81,500,000 81,500,000 28,995,898 - - - - - - - - Durham D-O LRT State Revenues 949,524 669,564 378,406 103,172 - - - - - - - - Durham D-O LRT LOB Proceeds - - - - - - - - - - - - Durham D-O LRT GAN Proceeds - - - - - - 16,000,000 - - - - - Durham D-O LRT TIFIA Proceeds - - - - - - - - - - - - Durham Debt Service Reserve Release - 1,300,000 20,375,000 11,890,000 - - - - 1,600,000 - - - Durham Debt Service Reserve Interest Earnings 679,999 666,999 463,249 344,349 344,349 344,349 360,349 360,349 344,349 344,349 344,349 344,349 Durham CRT Federal FFGA Revenues - 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 15,045,297 - - In-Kind Donation(Right of Way) - - - - - - - - - - - - Local Grants for Joint Development 119,915,632 155,173,005 205,931,271 190,149,272 159,638,693 109,245,350 103,756,996 63,483,127 78,841,095 87,948,786 92,674,199 99,627,992 Capital Expenses 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Allocations to Transit Providers for Vehicles - 1,374,152 2,125,125 - 3,830,068 1,193,042 311,838 - - - - 1,069,609 Durham County Bus Facilities and Capital Projects - - - - - - - - - - - - State of Good Repair for D-O LRT - - - - - - - - - - - 6,311,114 CRT Project Cost 19,167,169 22,365,181 34,998,118 58,291,240 77,325,361 52,718,501 72,518,250 7,495,733 19,167,169 23,739,333 37,123,244 58,291,240 81,155,429 53,911,542 72,830,087 7,495,733 - - - 7,380,723 D-O LRT Project Costs(No Debt)* - - - - - - - - - - - - Durham LOB Debt Service 13,353,333 13,353,333 13,353,333 13,353,333 - - - - - - - - Durham GAN Debt Service 66,131,787 66,131,787 59,239,238 13,471,463 - - - 8,483,137 8,483,137 - - - Durham TIFIA Debt Service - - - - 25,508,977 25,508,977 25,508,977 25,508,977 35,278,368 35,278,368 35,278,368 35,278,368 Durham Debt Service Reserve Deposit - - - - - - 1,600,000 - - - - - Durham Cost of Issuance 160,000 79,485,120 79,485,120 72,592,571 26,824,796 25,508,977 25,508,977 27,268,977 33,992,114 43,761,505 35,278,368 35,278,368 35,278,368 Cumulative Fund Balance 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Ending Balance 21,263,343 51,948,552 96,215,457 105,033,236 52,974,287 29,824,831 3,657,932 21,995,279 35,079,590 52,670,419 57,395,831 56,968,902 *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.