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<br /> Slide #6
<br /> New Governance — ILA Updated
<br /> "'^a1tG°ema a March 2023 ILA
<br /> Inlerlmlpgmnmenr Operating and Capital Funding
<br /> Between
<br /> nrenge[aun,y Agreement (e.g., Global Agreements)
<br /> Durban-sTapelHill{awbdreMeemin,11 nPlanningGrganl=t- required for funding.
<br /> •al Percentages no longer applies
<br /> geuarthydangle Brylon PubllC lrensppnat2pn Au[hpdry
<br /> Yhis Interbml Agreement Ithe"PgrcemenYl,is entered imo this y�daya(�(Lr[�023,W and
<br /> betwren Orange County,North❑nitro,a publk body poli[k and corporate of Me dateol NPM
<br /> camllnaf here lnaher"Orange Wuntsx'I,Durhamihapel XIII{errboro Metmpalilan Planning
<br /> D,ganbadon,ametmpallbn plennlrg arganimlbnlMrelneXer'nCHC MPp'dr"MPD'I and Beseamh October 2013 ILA
<br /> Triangle Regional Publk Transportation Authodly d/b/a GoTrlangle,a publk body tmlidc and mM,,w
<br /> of the 6ta,eo NMh Camlioe;each iMF.idually referred 1.as a'N rV and c0H.W IV life e m #7.) The Plan provides that all funding
<br /> h-1.e,",he themes';
<br /> W,tnessetb: for bus services will be appropriated
<br /> Wbereas.O.W0.ht,,DCXC MPOard Wrangle,all el which hayespeddc roles In the on the baes of the following
<br /> lmplementatkn Or publtt transit I^the Orerpe—W area,have determined that It Is In their ben
<br /> interen ro coordinate public mntlt pla"ning,NMI,&eayanskn,and mmtrudkn;and percentages: 64% of such funds to
<br /> Wh,,,'GaT"'"gle1,,regknal pudk uensponatkn—Wityc,,ted In e—da ,fh the CHT, 24
<br /> prm I—t of rv.C.6.5 I6 IM et seq.by mrlmrrcn[resdlutbn Pf Durha m.Or M Wak
<br /> e ceUMies °/ of such funds to TTA, and
<br /> °
<br /> enddulylnmrPpratldaaabodym,WrateandpWI,andyeslecl dh the ge—olP.w ietfonhi" 12°/ of such funds to OPT. The use of
<br /> N CG.S.Chapier LWA p Cte 26:antl °
<br /> Wlrereas.DCKK mtD is the Metropolitan Pbnning0,ganiiatten for the Durhem{hapel NlllCertllnro these bus services funds shall be
<br /> Urbanized 4rea,eslaNlsned pursuant l0 23 U.gC.l3a et sap.aM ieoognlxetl uMer the laws o+tNdh
<br /> [am1lydpunwntMNC•G.S,236-2nnd;and limited to support of new bus services
<br /> —ereaa,nrenge[npnrylsabndypollkenam�nret."eatedw"bdl.mryoretepmyemse"°""`" above and beyond the exiting transit
<br /> N[.GS]63A�31;antl
<br /> Whlea Gn*da�l.D[�[MPDadGra�a[Henry.ame�nther.,araPanie=,nanag.emem,ignetl system services in place at tome of
<br /> In 2Dlfi dIM"pereement seR ne PaM 111 Dnde stand nv df the Panles as la the Xpce and
<br /> fnntent oltheFWrclal Pbn'wMrh defined[Wecrea6on of["e Tn nAll Tax❑¢1ricL and the adoption of the local '/$ cent sales
<br /> Wheaeaa,GoT—en.hi.CG thercgionel publk,ransporbtbn autbdty that adminieteK,he Triangle tax in November 2012.
<br /> T..Dlndn pursuant ro N.GG.S 20SSOB;and
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<br /> Nishith Trivedi discussed how the program was previously broken up and now each city
<br /> is more accountable.
<br /> Slide #7
<br /> New Governance — Financial P & P
<br /> Tde°gk Tee Uhhkt Operating Fund Balance and Liquidity Policy
<br /> Or-, T—it
<br /> and Guidelines
<br /> Nna 61 Pdkies and Gudelines
<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 /> cnnfnD2s unrestricted
<br /> One-0-Ar,,I.nd I)e6—end J,mine &,.dG1idx,i her,......._._.............. : Capital Fund Balance—5%D of 10-year rolling
<br /> Fund Feb—end bgdddy Policy 2 horizon
<br /> N«d"..
<br /> Nar6e Gpinl Pled eahnm Pogry antl Gudehrles ...._.........
<br /> ....—..______Z
<br /> Pr«ed.. 3
<br /> OreW—.y TrelNk t1Oi l&PW—ehd AeNlhrevenaeM PakV eM..deer............,._.,.....,.....e
<br /> G.�inee: a
<br /> .ke Miry em Cutltle6........................._..._..,._.._._._,....................._......I._......................—...6
<br /> Deb pdiq 6
<br /> Inuresed CostdfaMkg Servkez IIRSh_.___.___._.__.__._...._____._..._.._.___....__._..._.__9
<br /> CurYdeaPtltry ._. ......_..._._.......__._.....----..._........_._._.....12
<br /> GPnel Si
<br /> nperering
<br /> Due Gpereting[ortpea 11—Ivdky...._..._....................__.__ _..._..._.-__..._..._..._._.12
<br /> Pd6Mt A:GTde,Wes'wevrinl Pdkies6Nmeduree IferrNrffC ,_........................_..........
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<br /> Nishith Trivedi said that there were new documents that were created to help with
<br /> transparency, accountability, and project delivery.
<br />
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