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SECTION 5: FIVE-YEAR FINANCIAL PLAN <br />FINAL REPORT <br />As shown by the increase in local contributions, non-capital transportation costs <br />continue to rise Revenues from participating agency programs will continue to be <br />the primary funding source for OPT State and Federal funds received through <br />NCDOT are likely to continue to grow modestly. <br />5.3.2. PROJECTIONS OF FUTURE REVENUES <br />Additional funding is anticipated from two main sources. TTA is requested/proposed <br />to begin funding the costs of operating the Orange Express route This revenue is <br />dependent upon meeting the performance threshold of 25 percent farebox recovery. <br />This revenue will offset the costs of the east/west route. Assuming the farebox <br />recovery goal is met, TTA may be willing to also fund the costs of increasing the <br />frequency of service to once per hour, offsetting these costs in Exhibit 5-4 If <br />proposed and accepted, Chapel Hill will pay for the costs of OPT's operation of the <br />E-Z Rider service, offsetting that expense in Exhibit 5-4. These anticipated fund <br />sources are only speculative at present and may not be depended upon for actual <br />revenue projections. All agencies would need to develop Memorandums of <br />Understanding/Contracts if approved by the governing bodies involved. The only <br />remaining incremental costs in that exhibit are the costs of the later service hours. <br />Orange County 5-7 <br />COMMUNITY TRANSPORTATION IMPROVEMENT PLAN <br />11 ?Lu, 5",ill' 1-iii