Orange County NC Website
report at a minimum Major Fund for the Orange County Transit Annual Work Program <br /> Operating Funds and a Major Fund for the Orange County Transit Annual Transit Work <br /> Program Capital Funds . <br /> 2 . 08 " MULTI-YEAR CAPITAL IMPROVEMENT PLAN " ( " CIP " ) : A multi-year document <br /> that identifies projected capital projects by year, project sponsors responsible for undertaking <br /> these projects , the financial costs , and anticipated funding sources , and projected operating <br /> costs associated with those projects . The CIP shall be coordinated with the Metropolitan <br /> Transportation Plan, the Transportation Improvement Program, and the annual program of <br /> projects developed and maintained by the DCHC MPO which is the designated recipient of <br /> federal formula transit grants . The plan shall be consistent with submittal deadlines for the <br /> Transportation Improvement Program and the horizon years of the Metropolitan <br /> Transportation Plan . <br /> 2 . 09 "MULTI-YEAR SERVICE IMPLEMENTATION PLAN : " A document or documents <br /> that detail how transit services , including expansion and reduction, are to be operated and <br /> maintained over a specific number of years . The plan(s) shall detail timing and schedule, <br /> justifications for implementation decisions , and public involvement steps . Different transit <br /> operators may have different plans for implementation, but the different plans must be <br /> coordinated with respect to anticipated funding, public outreach, and the extent to which the <br /> different operator ' s plans connect services between them. <br /> 2 . 10 " OPERATING AGREEMENT : " An agreement or operating plan between one or more <br /> Parties or Implementation Partners , the Tax District and others as needed to provide an <br /> Implementation Element. The agreement shall state the details of the service to be provided and <br /> detail expectations on funding, responsibilities , schedule, and performance and shall adhere to <br /> any and all standards outlined in specific project worksheets through the Orange County Transit <br /> Annual Work Program . <br /> 2 . 13 " OPERATING BUDGET ORDINANCE " The annual financial budget ordinance for the <br /> Orange Transit maj or operating fund pursuant to N . C . G . S . Chapter 159 . The ordinance includes <br /> the funds for the operations of implementation elements identified in the Orange County Transit <br /> Annual Work Program, allocations for reserves , and transfers to * other maj or funds identified <br /> by the Component Unit (ex . Orange Transit) . The Operating Budget Ordinance must include <br /> the Component Unit ' s general administrative expenses designated separately from a Project ' s <br /> Operating Funds . <br /> 2 . 14 " SPECIAL DISTRICT " or " TAX DISTRICT ` Any tax district administered by <br /> GoTriangle pursuant to authorizing resolutions and N . C . G. S . 105 - 508 et seq . or N . C . G . S . 105 - <br /> 561 et seq . to which Orange County is a member, now or in the future . <br /> 2 . 15 " STAFF WORKING GROUP " or " SWG : " The committee as created by the <br /> Governance ILA . The SWG is jointly charged by all parties to this Agreement, including the <br /> Implementation Partners , to coordinate and develop the Orange County Transit Annual Work <br /> 5 <br />