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TYANSIT
<br /> Existing Conditions ORA RANGE TROUNPLAN
<br /> 5 TRANSIT FUNDING
<br /> Funding drives the amount of transit service EXPENSES AND REVENUES
<br /> and capital projects Orange County can
<br /> provide its residents, workers, and visitors. In Fiscal Year (FY) 2022, OCTS spent approximately $2.3 million on
<br /> all its expenses, for both fixed route and demand response
<br /> This chapter review OCTS's annual expenses and revenues, services (Figure 33). Partly due to inflation, expenses in FY2023
<br /> including a look at the agency's current federal, state, and local totaled approximately $3.7 million. For both years, personnel
<br /> funding mechanisms. It also begins to explore other potential costs were highest, followed by operating costs. Capital purchases
<br /> funding sources for future transit improvements. Key takeaways made up the smallest proportion of the total expenses.
<br /> include:
<br /> As shown in Figure 34, OCTS made approximately $2.2 million in
<br /> ■ OCTS's expenses exceed revenues, creating a funding gap revenues in FY2022 and $2.5 million in FY2023. About 13% of
<br /> that makes it difficult to provide needed transit services. revenues came from the federal government, with a mix of 5307
<br /> ■ OCTS utilizes federal, state, and local funding sources. and 5311 funds.Just under 10% came from North Carolina's Rural
<br /> Over 75% of funds come from local sources, including the Operating Assistance Program (ROAP). Over 75% of funds came
<br /> Orange County Transit Tax and other county funds. from local sources, including Orange County government funds,
<br /> ■ There are other federal, state, and local funds that OCTS Orange County Transit Plan transit tax reimbursements, fares, and
<br /> can utilize to increase its revenues. charges for services. Fares made up about 1% of OCTS revenues.
<br /> Figure 32: FY2022 and FY2023 OCTS Expenses
<br /> FY2022 FY2023
<br /> Category Demand Response Fixed Route Total Demand Response Fixed Route Total
<br /> Administrative $186,733 $80,028 $266,761 $338,612 $207,789 $546,401
<br /> Operating $591,229 $253,384 $844,613 $944,214 $513,389 $1,457,603
<br /> Capital $4,766 $2,042 $6,808 $0 $192,434 $192,434
<br /> Personnel $978,338 $244,585 $1,222,923 $1,184,426 $296,106 $1,480,532
<br /> Total Expenses $1,761,066 $335,454 $2,341,105 $1,282,826 $913,612 $3,676,970
<br /> Nelson\Nygaard Consulting Associates 5-1
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