Agenda - 02-25-2025; 7-c - Draft Orange County Fiscal Year 2026 Annual Work Program for Transit

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7 FY26 Annual Work Program FY 2026 ORANGE TRANSIT WORK PROGRAM FY 2026 Revenues The FY26 Work Program anticipates $13,070.351 million in local revenues sourced from the following funding mechanisms authorized by North Carolina law: 1. Half-Cent Local Option Sales Tax o Largest revenue source, administered by GoTriangle, implemented in 2013. o Expected FY26 revenue: $11,845,000. 2. $3 County Vehicle Registration Fee o Projected FY26 revenue: $369,050. 3. $7 County Vehicle Registration Fee o Dedicated to funding public transportation systems. o Projected FY26 revenue: $856,301. FY 2026 Expenditures Expenditures are categorized into operations and capital budgets. 1. Projected Operations Expenditures: $ 8,282,746 • Service Enhancements: Operations continue all service improvements from the 2022 Orange Transit Plan with no cuts to existing services. 2. Projected Capital Expenditures: $ 14,498,134 Carry Forward with FY 26 request of$ 6,319,446 • North-South Bus Rapid Transit (N-S BRT): $8,000,000 carry forward for the N-S BRT. • Transit Infrastructure Projects: Details available in project sheets. Fund Balance Utilization • The FY26 Work Program proposes shifting $1,531,841 from a projected $4.2 million fund balance at the end of FY25 to cover additional needs while maintaining fiscal stability. Framework for Sustainability The FY26 Work Program balances expected revenues with planned expenditures, ensuring continued progress on critical transit projects while maintaining a fiscally responsible approach. It prioritizes operational continuity, capital development (notably the N-S BRT), and transparent financial administration. This proactive methodology underscores Orange County's commitment to enhancing transit services while ensuring accountability to stakeholders.