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OUTBOARD ORIENTATION <br /> June 5, 2025 <br /> 2. Financial Policies & Procedures (FPP) <br /> This section provides a comprehensive financial framework for implementing the transit plans. It <br /> includes the following policies and guidelines: <br /> • Fund Balance and Liquidity <br /> • Billing, Payment, and Reimbursement <br /> • Debt Management <br /> • Increased Cost of Existing Services (ICES) <br /> • Carryover Policy (initially approved in 2021) <br /> • Bus Operating Cost per Hour <br /> • Reference Exhibit: GoTriangle Financial Policies & Procedures <br /> 3. Work Program Amendment Policies <br /> This component outlines the thresholds and approval protocols for amending the annual transit <br /> work programs. It distinguishes between minor and major amendments and clarifies the roles of the <br /> SWG Administrator and GoTriangle in processing and reviewing amendments during designated <br /> cycles. <br /> 4. SWG Bylaws & Operating Procedures <br /> These bylaws define how the Staff Working Group operates, elected officers, and collaborates to <br /> develop and implement the annual transit work programs. <br /> 40 <br />