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10 <br /> includes staff representatives from each of the parties to the ILA as well as staff representatives from each municipality <br /> in Orange County. The Staff Working Group makes recommendations on budget issues, oversees implementation of the <br /> transit plan and annual work program, and prepares the draft annual work program for adoption. The SWG <br /> administrator also drafts the work program and other supporting documents for the SWG. The proposed budget <br /> includes $573,323 to Go Triangle, $40,801 to the MPO, and $62,628 to Orange County respectively for Transit plan <br /> administration. <br /> GoTriangle staff manage the financial aspects of the Orange Transit Tax District. In addition to managing the budgets and <br /> reimbursements as called for in the annual work programs, Orange Transit Tax District staff handle all fiduciary <br /> responsibilities for the Orange Transit Plan as a whole, including financial modelling for the development of the <br /> new Orange Transit Plan.The total budgeted for transit tax district administration is $329,284. <br /> The capital projects budgeted in FY25 are in three categories: bus rapid transit (BRT), transit infrastructure, and <br /> vehicle acquisition. More detail on each project can be found in the project sheets at the end of this document. <br /> Funding continues for development of Chapel Hill Transit's North-South Bus Rapid Transit (N-S BRT) project, which will <br /> provide service from the Eubanks park-and-ride lot to Southern Village, also serving downtown Chapel Hill and the UNC <br /> campus and hospital. In FY25, $4,000,000 is designated for N-S BRT. A total of$4,000,000 million is budgeted for the N-S <br /> BRT project over the course of the next 2 years. <br /> The remaining capital funds for FY25, $4,000,000, is an annual contribution to future purchases of replacement <br /> vehicles for service supported by the transit tax. The useful life of a bus ranges from 10-15 years, and bus purchases for <br /> operations that are funded by the Orange Transit Tax are an eligible expense. GoTriangle is introducing a new <br /> methodology for vehicle acquisition planning in FY25. Rather than setting aside a large amount of funds in the year in <br /> which the vehicles are to be ordered, making it difficult to make any other capital improvements in that year, <br /> GoTriangle is instead beginning a "level buying" program, in which a set amount of money is set aside each year <br /> and allowed and allowed to accumulate future purchases. <br /> 8 <br />