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TRIANGLE TRANSIT AUTHORITY <br />4 <br />M E M O R A N D U M <br />TO: Board of Trustees <br />FROM: Jim Ritchey ti �' <br />General Man er <br />DATE: August 8, 1991 <br />SUBJECT: FY 1992 Budget.Rdvisited and Local Contributions <br />When you approved the 1992 Budget, we required a total of $ 390,000 <br />in additional state and local funds to balance the budget. The <br />attached budget analysis compares the approved 1992 budget with a <br />revised budget. <br />During the past-,-,few days, I have worked with the Public - <br />Transportation and-Rail Division staff and closely reviewed our <br />planned expenditures. State staff has indicated a desire to reduce <br />our proposed expenses by $ 72,000. <br />I have accomplished this reduction by reducing travel expenditures <br />for the General Manager, the Ridesharing Program, and the Board of <br />Trustees; by reducing the proposed salary of the Transportation <br />Planner from $ 55,000 to $40,000; by reducing, the amount for <br />computer equipment from $12,500 to $ 5,000; and by delaying the <br />hiring of the Transportation Planner and Administrative Assistant. <br />This plan requires $ 186,337 in NCDOT funds and $ 100,000 in <br />city/county-funds----.- <br />For the city and county funds, I propose that we request funds from <br />each of the three counties based upon 1990 population estimates. <br />The cities and the counties would then share the payment of these <br />funds by mutual agreement. The breakout of the $100,000 would be <br />as follows :.,. <br />Wake: County $ 60,700 <br />Durham County $ 25,800 <br />Orange County $ 13,500 <br />I request Board approval of this plan. <br />Suite 206, 50 Park Offices <br />P.O. Box 13787, Research Triangle Park. NC 27709 (919).549-9999 <br />