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31 <br /> • Mutually agreed upon cost escalation rate for upcoming fiscal year <br /> Step one: Calculate ratio of Fixed Route Bus Revenue Service Hours operated by each agency in Orange <br /> County at the end of FY2013. <br /> NOTE: GoTriangle will need to account for estimated number of hours of revenue service and <br /> associated costs operated ONLY within Orange County at end of FY2013. <br /> Step two: Apply the ratio of each operator's revenue service hours to the upcoming fiscal year's County <br /> Vehicle Registration Tax projected amount.These three individual ratios will be applied in Step five. <br /> Step three: calculate the estimated increased cost of services from FY2013 by escalating Total <br /> Expenditures for Fixed Route Bus Services, per provider, at the end of FY2013 (see NOTE for GoTriangle <br /> above) using the average annual historical cost escalation rate, per provider, from FY2013 to current <br /> fiscal year. <br /> Step four:Through agency coordination, a mutually agreed upon escalation rate will be used to calculate <br /> the upcoming fiscal year's projected costs for the continuation of baseline services from FY2013. <br /> Step five: Apply the ratios realized in Step two to each operator's projected costs calculated in Step four. <br /> This will indicate level of funding needed to support those FY2013 baseline services and associated <br /> increased cost of those services in the upcoming fiscal year. <br /> IF the sum of ICES calculated for the upcoming fiscal year for each agency in step five is greater than the <br /> available amount of funding projected to be available from the County Vehicle Registration Tax funding <br /> source,then each agency and its governing jurisdiction are responsible for funding for the balance from <br /> other local funding sources not already dedicated to supporting local public transportation investments. <br /> If the sum of ICES calculated for the upcoming fiscal year for each agency in step five is less than the <br /> available amount of funding projected to be available from the County Vehicle Registration Tax funding <br /> source,then the SWG will advise the Tax District and associated governing bodies on appropriate <br /> allocation into reserves. <br /> 10 <br />