Orange County NC Website
Browse       Search
14 <br /> different plans for implementation, but the different plans must be coordinated with each other <br /> particularly with respect to anticipated funding and public outreach. <br /> 2.027 "Non-Orange County Revenues" shall mean all revenues collected on behalf of member counties <br /> other than Orange County within the Tax District or Special District that are derived from transit <br /> funding sources associated with counties other than Orange County. <br /> 2.028 "Operating Agreement" shall mean an agreement between an agency tasked to provide an <br /> Implementation Element,the Tax District and other agencies as needed, or an operating plan if <br /> the Implementation Element is to be provided by the Agency.The agreement shall state the <br /> details of the service to be provided and detail expectations on funding, responsibilities, <br /> schedule, and performance. The agreement shall adhere to any/all standards outlined in the <br /> supporting Master Participation Agreement. <br /> 2.029 "Operating Budget Ordinance" shall mean the annual financial ordinance budgeted for the <br /> Orange Transit major operating fund pursuant N.C.G.S. Chapter 159,tied to Operating <br /> Agreements,that includes funds for the operations identified in the Orange Transit Work Plan, <br /> allocations for reserves, and transfers to other such funds such as other Orange Transit major <br /> funds identified by the Component Unit.The Operating Budget Ordinance shall include the <br /> general administrative and maintenance expenses of the unit separate from the Project <br /> Operating Funds. <br /> 2.030 "Operating Funds" shall mean funds appropriated in the annual operating budget for the <br /> administration, operation and maintenance of the transit system. <br /> 2.031 "Operating Fund Balance" shall mean the reported amounts restricted by enabling legislation for <br /> the Orange Transit major operating fund, presented in the basic financial statements, and <br /> disclosed in the notes to the Financial Statements as required under generally accepted <br /> accounting standards. <br /> 2.032 "Project Operating Funds" shall mean funds appropriated in the annual Operating Budget <br /> Ordinance to support the operation of projects identified in the Orange County Transit Annual <br /> Work Program. <br /> 2.033 "Quarterly Financial Reports" shall mean the quarterly statement of financial condition prepared <br /> in accordance with N.C.G.S. 159-25. <br /> 2.034 "Special District" shall mean any tax district administered by GoTriangle pursuant to authorizing <br /> resolutions and N.C.G.S. 105-508 et seq. or N.C.G.S 105-561 et seq. to which Orange County is a <br /> member, now or in the future. <br /> 2.035 "Staff Working Group" or"SWG" shall mean a committee created by this Agreement for the <br /> purposes enumerated and as defined in Article III herein.The SWG is jointly charged by all <br /> parties to this Agreement with coordinating planning and implementation aspects of the Orange <br /> County Transit Annual Work Program (as defined in 2.011), as well as facilitating elements of the <br /> Orange County Transit Multi-Year Vision Plan (as defined in 2.038) and serving in an advisory <br /> role to the Orange County Board of Commissioners, DCHC MPO Executive Board, and GoTriangle <br /> Board of Trustees. <br /> 2.036 "Supplantation" shall mean the opportunity for parties to this agreement to use certain funding <br /> sources to replace existing funds or other resources for public transportation systems. <br /> a. Local Funding Source that allows supplantation: the County Vehicle Registration Tax <br /> (N.C.G.S 105-570) which is levied at its maximum amount of$7.00 per year; <br /> b. Local Funding Sources that do not allow supplantation: <br />