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8
<br /> 1 Slide #6
<br /> New Governance — ILA Updated
<br /> en,=It March 2023 ILA
<br /> IMerkvY Aher.mrnr
<br /> k [n Operating and Capital Funding
<br /> Agreement (e.g., Global Agreements)
<br /> required for funding.
<br /> "....�.�.�.■ryaoril r'ubNc 3ranwrtY;on.unMo.�,v
<br /> • Percentages no longer applies
<br /> Thn�Me.ix.l.�rr,.,em[iet'+"rcme�l'I.I.rMered�moiw,sy, J.y ar y.�[Lv'�]F3.Iry and
<br /> he[ween or.rKe[antf.eortn Cua&.r,ap.4lk bogy goY[k owpara,.of[be,eYe of Marek
<br /> i.ro4u fner9knha'M.ryt COw'rtv'1.Pwha�9p9F 1,bF(anparp Mnrapakan Nanrrd
<br /> October 2013 ILA
<br /> I.yrg.r".yaM AMi'era^+u�rul..�wl[�,Iry yRda WT.wfl+.s pW✓e FtM pYrv..M cmlwr+fa
<br /> »y kae on mlW:.unwd Ywb .rc.d d.,a�,�.na niknnea.attrdee #7.)The Plan provides that all funding
<br /> for bus services will be appropriated
<br /> Mrirv.a�Onn3•faw.nlyr.CKn[MIY]aMf_irl.rg4.dloaWJrhlum,pnrh rob.w[b on the baes of the following
<br /> M:: �a .n rd ry3iKloan.n'e+lKparpa[m,ntp uw,ba..e.vnnundlhY len•+,nw b..[
<br /> a`ras,W.��„r. '94=.. I,..�.•„an,.4 b a� percentages: 64% of such funds to
<br /> CHT, 24% of such funds to TTA, and
<br /> anstansor r.e.�s lffk603.elaq.weave .war nvruwbKn.W+m.nawalnwuMk.
<br /> .roduef+uw.9a'--1 bedf I-.+.,+v^^ft”—n enw..,.n[avb- 1'`�6/p of such funds to OPT. The use of
<br /> MCG 5.CMytr]S'Ja+.e44]f�aM
<br /> wn•r,.,.DC1K WO 11 ft M„,•pwn.n rang oW�far tn.a,rf—ch ,]HM4. — these bus services funds shall be
<br /> Lktw..ud 6m+,rilaHMN vorloa.A la 23 u.3C IM 0 f aM r..rW-.i 1M1+..,of—
<br /> [crawinrlwn[voMa.GSr3rn3aas;am limited to support of new bus services
<br /> Whnrax Warp[quMy bappdr pvWk=.d awwr.,.mtb snnA Ue cmpor.[eµwars ss[MU.n
<br /> above and beyond the exiting transit
<br /> ,Mx.9...carrk*k.acwc Mro.rd a.�.tor,nn.,m .tbars,...a.ek.ta.n.areeirent^�ned system services in place at tome of
<br /> moan[rt�re-r�grceme^t unir�rmrn 4r.Mwlw'4.aeia�a�ge Divx vynre;.r tv vrre xane.na
<br /> afi. ,r a •� the adoption of the local % cent sales
<br /> M9.er..,.g•rrt.�r>r.e[.su.e.e�v.�.l we4 i.,n.ur.,.[lo«r no�nr[h.[,a.wsa.cwe*,fir tax in November 2012.
<br /> aaa Msv.a prryano fa Y:GGS.[63f0;sM
<br /> 2
<br /> 3 Nishith Trivedi discussed how the program was previously broken up and now each city
<br /> 4 is more accountable.
<br /> 5
<br /> 6 Slide #7
<br /> New Governance — Financial P & P
<br /> •'•�°1.DIM3 Operating Fund Balance and Liquidity Policy
<br /> and Guidelines
<br /> nn..rcw vaa:rk.wd yuldelYns
<br /> • Billing, Payment and Reimbursement Policy
<br /> and Guidelines
<br /> • Debt Policy and Guidelines
<br /> Reviewed by SWG
<br /> = Approved by BOCC and Go Triangle
<br /> • Increased Cost of Existing Services(ICES)
<br /> • Carryover Policy
<br /> • Bus Operating Cost Per Hour Policy
<br /> • operating Fund Balance—90 days
<br /> n unrestricted
<br /> a.n.ao.w eer�.aneu,vl�rPoa...aw1 _ Capital Fund Balance—5%of 10-year rolling
<br /> ................._. . horizon
<br /> c�nrc�,.i.w e.wva•wrv,..e c•knw, _.................. .._.
<br /> _--------..__..-- ...3
<br /> Or.rR Ls.lMhNb�FgM�rr•rd�Wv�4+l1YIkY and Pddr4rca...._......�..�_
<br /> Crwdearwa. 4
<br /> nru wi.T d 6•LAne. .._........�...�..��F
<br /> ....................... ------------ ------
<br /> Mrn d[alal CidAY�Asr.iraa PC[11,........-...............
<br /> .�......m....�.....—...a—.....—......e......,..9
<br /> enopnYin3 ival.•r�our.W ky_......_....__......_......._..............._......._......._......_......
<br /> _........1.
<br /> Uibk A:G Td.r*k Fv ,WP ki ift. u.fro-reArrne]..._......................._.................
<br /> .1i
<br /> 7 7
<br /> 8 Nishith Trivedi said that there were new documents that were created to help with
<br /> 9 transparency, accountability, and project delivery.
<br /> 10
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