File #: 2016-0114   
Type: Informational Report Status: Filed
File created: 2/3/2016 In control: Executive Management Committee
On agenda: 2/17/2016 Final action: 2/17/2016
Title: RECEIVE AND FILE status report on FY17 Preliminary Capital Budget.
Sponsors: Finance, Budget and Audit Committee
Indexes: Azusa, Budget, Budgeting, Bus Acquisitions, Funding plan, Informational Report, Light rail vehicles, Maintenance, Measure R, Metro Purple Line, Metro Rail D Line, Metro Vision 2028 Plan, Plan, Program, Project, Ridership, Safety, Safety and security, State Of Good Repair, Twenty-eight by '28 Initiative, Westside Subway Extension/Purple Line Extension Phase 1, Westside Subway Extension/Purple Line Extension Phase 2
Attachments: 1. Attachment A - Prog Summary, 2. Attachment B - New Requests, 3. Attachment C - Presentation
Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
FEBRUARY 18, 2016
FINANCE, BUDGET AND AUDIT COMMITTEE
FEBRUARY 17, 2016

Subject/Action
SUBJECT: FY17 PRELIMINARY CAPITAL BUDGET
ACTION: RECEIVE AND FILE

Heading
RECOMMENDATION

Title
RECEIVE AND FILE status report on FY17 Preliminary Capital Budget.
Issue
ISSUE
The FY17 Capital Program currently valued at $2.02 billion represents the annual cashflow of a multi-year plan totaling $15.5 billion to improve the transportation system for Los Angeles County. This program is a plan to deliver transit expansion projects funded and leveraged through Measure R. The program also includes projects for maintaining Metro assets in a state of good repair with a strong emphasis on safety and security improvements. The preliminary FY17 Capital Program will be included and finalized as part of the overall agency budget to be considered for Board adoption in May.

Discussion
DISCUSSION
Transit expansion continues in FY17. In partnership with our Federal funding partners, Measure R has allowed Metro to deliver on our promise for regional mobility. As we expand our transportation network, we continue to focus on maintaining our assets in a state of good repair. Together, all elements of the Capital Program serve as an economic growth engine for the region, contributing to the transformation of local communities by improving transportation infrastructure, creating jobs and delivering on the promise of improved mobility.


A summary of the $2.02 billion preliminary FY17 Capital Program and a description of each category are shown below. Additional program level details are shown in Attachment A.
Category
FY17 Cashflow Estimate ($ in millions)
Measure R Transit Expansion
$1,681
State of Good Repair & Asset Improvements
296
New Projects - First Year Investment
42
Total
$2,020

Measure R Transit Expansion
The completion of the Gold Line Foothill Extension 2A to Azusa and the Expo 2 Extension to Santa...

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