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03.18.2024 Outboard
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03.18.2024 Outboard
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3/14/2024 11:54:56 AM
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Date
3/18/2024
Meeting Type
Regular Meeting
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Agenda
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ORANGE COUNTY <br /> Existing Conditions SHORT RANGE TRANSIT PLAN <br /> primarily went towards staff wages. Capital purchases made up used towards up to 80% of capital costs and 50% of operating <br /> the smallest proportion of the total expenses. costs. <br /> In the same year, OCPT made just over $1 million in revenues, Section 5310 <br /> leaving a deficit of close to $1 million. 31% of revenues came <br /> from the federal government, with a mix of 5307 and 5311 funds. Section 5310 is formula funding targeted towards transportation <br /> 20% came from North Carolina's Rural Operating Assistance needs of older adults and people with disabilities. The federal <br /> Program (ROAP). The remaining 48% of revenues came from local share is up to 80% for capital projects and 50% for operating <br /> sources, including Orange County government funds (which assistance. Example uses of eligible Section 5310-funded activities <br /> includes the Orange County Transit Plan transit tax), Medicaid include the purchase of buses and vans, wheelchair lifts and <br /> revenue, contracts, and fares. OCPT's farebox recovery ratio is ramps, mobility management programs, travel training and <br /> about 2.7%. transit-related information technology systems, including <br /> scheduling, routing, and one-call systems. <br /> FUNDING SOURCES Section 5311 <br /> OCPT's annual expenses exceed its revenues, and additional Section 5311 is a formula grant program for rural areas, providing <br /> investments are needed to fulfill the level of transit need capital, planning, and operating assistance. The federal share is up <br /> identified in Orange County. To increase its revenues, OCTP can to 80%for capital projects, 50% for operating assistance and 80% <br /> work to fully utilize existing funding sources and tap into new for Americans with Disabilities Act (ADA) non-fixed route <br /> ones. The following is a non-exhaustive list of the funding sources paratransit service. <br /> available at the federal, state, and local levels. This list builds upon <br /> work completed through the BGMPO Regional Transit Feasibility Section 5339 <br /> Study. <br /> Section 5339 is FTA's Bus and Bus Facilities Program. This <br /> program funds replacement, rehabilitation and purchase of buses <br /> Federal Sources and related equipment, and construction of bus-related facilities. <br /> The federal share is not to exceed 80 percent of the net project <br /> Section 5307 cost. <br /> Section 5307 is FTA's Urbanized Area Formula Program. These <br /> funds are available for transit agencies that operate within a <br /> census-designated urbanized area. Section 5307 funds can be <br /> Nelson\Nygaard Consulting Associates 5-2 <br />
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