Agenda - 6-b - Comments on the Draft FY20 Work Plan for Orange County Transit Services and Approval of Participation in a Commuter Rail Feasibility Study

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6 This FY20 Work Plan provides detailed information about projected revenues of the Tax District, as well as expected accomplishments of regional transit providers. Specific project information can be found in the appendix. The Work Plans also provide information regarding the current and prior year financial commitments. The Work Plan is a product of the Transit Plans technical committee,the SWG. Administrative support for the development of the Work Plan is from the Durham-Chapel Hill-Carrboro Metropolitan Planning Organization (DCHC MPO). Project Sponsors submitted Project Requests for projects for SWG review.The SWG considered how the allocations align to the Durham Transit Plan, Plan goals and current needs.The SWG process has included approval of previous years carryover balances for FY19 activity. Revenues The Triangle Tax District administers funds from four different sources: • % cent sales tax • $7 vehicle registration fee • $3 vehicle registration fee • Vehicle rental tax These revenues are used to support the transit activities shown in the following Durham and Orange County Work Plan.A summary of expected revenues is shown below in Table 1. Table 1: Expected Triangle Tax District Revenues in FY20 by Funding Source Triangle Tax Tax Revenues Durham Orange District 1/2 %Sales Tax $ $ $ 32,519,299 7,753,837 40,273,136 Vehicle Rental Tax 1,327,648 647,790 1,975,438 $7 Vehicle Registration 1,759,605 890,384 2,649,989 $3 Vehicle Registration 754,076 381,617 1,135,693 Total Tax Revenues $36,360,628 $9,673,628 $46,034,256 Tax Revenues are budgeted at the amounts projected in 2017 Transit Plan The FY20 Work Plan does not include funds that were budgeted in prior year, known as carryover balances.These amounts are the net of budget activity to actual expenditures, and are known after