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8 <br /> FY26 Annual Work Program <br /> The 2023 Interlocal Agreement (ILA) introduced new requirements to enhance transparency, <br /> accountability, and efficiency in transit project management. A key addition is the requirement for project <br /> sponsors to enter into Multi-Year Capital and Operating Global Agreements, ensuring a structured and <br /> detailed approach to project planning and execution. <br /> Comprehensive Participation Agreement (CPA) <br /> Following the ILA's adoption, a Comprehensive Participation Agreement (CPA) was developed and <br /> approved by Orange County, Go Triangle, DCHC MPO, and the voting members of the Orange County <br /> Staff Work Group. The CPA outlines the content of the Global Agreements and sets a firm deadline of <br /> June 30, 2025, for agreement approval to maintain project eligibility for reimbursement. <br /> Required Components of Global Agreements: <br /> Each Global Agreement must include: <br /> • Project Sponsor <br /> • Project Scope <br /> • Purpose and Goals <br /> • Boundaries <br /> • Schedule <br /> • Estimated Budget <br /> • Reporting and Performance Standards or Metrics <br /> To streamline the approval process and enhance transparency, individual project sheets within the Work <br /> Program are designed to serve as exhibits for the Global Agreements. This template-based approach <br /> simplifies the approval process while ensuring clear accountability to governing boards and the public. <br /> Reporting and Updates <br /> In alignment with the 2023 ILA, project sponsors are required to submit bi-annual project updates <br /> detailing progress on implementation and performance metrics outlined in the project sheets. These <br /> updates will be integrated into Q2 and Q4 reports, providing stakeholders with regular, accessible insights <br /> into project expenditures and implementation progress. <br /> Framework for Improved Transparency <br /> While the new processes and reporting structures are still being refined, the Work Program establishes <br /> a robust framework to ensure consistent, transparent, and accessible reporting. This approach empowers <br /> governing bodies, project sponsors, and the public to monitor and evaluate the efficient use of transit <br /> resources, fostering trust and accountability. <br />