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TYANSIT Existing Conditions SHOR TRAM GE E TROUNLAN 5 TRANSIT FUNDING Funding drives the amount of transit service Figure 29: FY2023 OCPT Expenses and capital projects Orange County can Category Demand Response Fixed Route Total Administrative $319,536 $207,789 $527,325 provide its residents, workers, and visitors. Operating $776,084 $513,389 $1,289,473 This chapter review OCPT's annual expenses and revenues, Capital $0 $192,434 $192,434 including a look at the agency's current federal, state, and local Total Expenses $1,095,620 $913,612 $2,009,232 funding mechanisms. It also begins to explore other potential funding sources for future transit improvements. Key takeaways Figure 30: FY2023 OCPT Revenues include: ■ OCPT's expenses exceed revenues, creating a funding gap Federal that makes it difficult to provide needed transit services. 5307 Urbanized Area Formula $141,102 13.6% ■ OCPT utilizes federal, state, and local funding source, the 5311 CTP Funds $184,580 17.8% largest of which are federal 5307 and 5311 funds, the Federal Total $325,682 31.4% state Rural Operating Assistance Program, and local State government funds, including the Orange County Transit ROAP Funds $211,284 20.4% Plan. ■ There are other federal, state, and local funds that OCPT State Total $211,284 20.4% can utilize to increase its revenues. Local Government Funds $434,000 41.9% EXPENSES AND REVENUES Medicaid Revenue $26,012 2.5% Contract Revenue $11,315 1.1% In FY2023, OCPT spentjust over $2 million on all its expenses, for Fares $27,610 2.7% both fixed route and demand response services (Figure 29). Over half of the funds went towards transit operations, which includes Local Total $498,937 48.2% the wages of drivers and mechanics, fuel, and vehicle Total Revenue 1 035 903 maintenance. Administrative costs were about $500,000 and Nelson\Nygaard Consulting Associates 5-1