Agenda - 02-21-2023; 8-d - Durham & Orange Transit Plan Governance Study – Interlocal Agreement Between OC, Durham-CH-Carr MPO, and Research Triangle Regional Public Transportation Authority

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10 over a specific number of years.The plan(s) shall detail timing and schedule,justifications for implementation decisions, and public involvement steps. Different transit operators may have different plans for implementation, but the different plans must be coordinated with each other particularly with respect to anticipated funding and public outreach. 2.027 "Non-Orange County Revenues" shall mean all revenues collected on behalf of member counties other than Orange County within the Tax District or Special District that are derived from transit funding sources associated with counties other than Orange County. 2.028 "Operating Agreement" shall mean an agreement between an agency tasked to provide an Implementation Element,the Tax District and other agencies as needed, or an operating plan if the Implementation Element is to be provided by the Agency.The agreement shall state the details of the service to be provided and detail expectations on funding, responsibilities, schedule, and performance.The agreement shall adhere to any/all standards outlined in the supporting Comprehensiveef Participation Agreement. 2.029 "Operating Budget Ordinance" shall mean the annual financial ordinance budgeted for the Orange Transit major operating fund pursuant N.C.G.S. Chapter 159,tied to Operating Agreements,that includes funds for the operations identified in the Orange Transit Work Plan, allocations for reserves, and transfers to other such funds such as other Orange Transit major funds identified by the Component Unit.The Operating Budget Ordinance shall include the general administrative and maintenance expenses of the unit separate from the Project Operating Funds. 2.030 "Operating Funds" shall mean funds appropriated in the annual operating budget for the administration, operation and maintenance of the transit system. 2.031 "Operating Fund Balance" shall mean the reported amounts restricted by enabling legislation for the Orange Transit major operating fund, presented in the basic financial statements, and disclosed in the notes to the Financial Statements as required under generally accepted accounting standards. 2.032 "Project Operating Funds" shall mean funds appropriated in the annual Operating Budget Ordinance to support the operation of projects identified in the Orange County Transit Annual Work Program. 2.033 "Quarterly Financial Reports" shall mean the quarterly statement of financial condition prepared in accordance with N.C.G.S. 159-25. 2.034 "Special District" shall mean any tax district administered by GoTriangle pursuant to authorizing 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 member, now or in the future. 2.035 "Staff Working Group" or"SWG" shall mean a committee created by this Agreement for the purposes enumerated and as defined in Article III herein.The SWG is jointly charged by all parties to this Agreement with coordinating planning and implementation aspects of the Orange County Transit Annual Work Program (as defined in 2.011), as well as facilitating elements of the Orange County Transit Multi-Year Vision Plan (as defined in 2.038) and serving in an advisory role to the Orange County Board of Commissioners, DCHC MPO Executive Board, and GoTriangle Board of Trustees. 2.036 "Supplantation" shall mean the opportunity for parties to this agreement to use certain funding sources to replace existing funds or other resources for public transportation systems.