Metro - File #: 2016-0454

• File #: 2016-0454
• Type: Formula Allocation / Local Return
• Status: Passed
• File created: 5/19/2016
• In control: Finance, Budget and Audit Committee
• On agenda: 6/15/2016
• Final action: 6/23/2016
• Title: CONSIDER: A. APPROVING $1.8 billion in FY2017 Transit Fund Allocations for Los Angeles County jurisdictions, transit operators and Metro operations as shown in Attachment A. These allocations comply with federal and state regulations and LACMTA Board policies and guidelines. 1. Planning and Administrative allocations of Transportation Development Act (TDA), Proposition A, Proposition C and Measure R in the amount of $73.4 million as shown in Attachment A, page 2 Line 37. 2. Bus Transit Subsidies of State and Local funds in the amount of $934.9 million as shown in Attachment A, page 3. 3. Allocation of Federal Formula Grants in the amount of $349.1 million as shown in Attachment A, pages 12-13. 4. Proposition A Incentive Programs in the amount of $15.3 million as shown in Attachment A, pages 19-21. 5. Proposition A Local Return, Proposition C Local Return, Measure R Local Return, TDA Article 3 (Pedestrian and Bikeways) and TDA Article 8 (Streets and Highways) for $496.4 million...
• Sponsors: Planning and Development (Department)
• Indexes: Budget, Budgeting, Formula Allocation / Local Return, Grant Aid, Guidelines, Measure R, Proposition A, Proposition C, Resolution, Santa Monica, Section 5307, Southern California Association Of Governments, Technical Advisory Committee, Transit operators, Transportation Development Act - Article 4, Transportation Development Act of 1971, Westside Cities subregion, Westside/Central Service Sector

Date	Action By	Action	Result
6/23/2016	Board of Directors - Regular Board Meeting
6/15/2016	Finance, Budget and Audit Committee

Meeting_Body

FINANCE BUDGET AND AUDIT COMMITTEE
JUNE 15, 2016

Subject/Action
SUBJECT: FISCAL YEAR 2017 TRANSIT FUND ALLOCATIONS

ACTION: APPROVE FY2017 TRANSIT FUND ALLOCATIONS
AND RELATED ACTIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. APPROVING $1.8 billion in FY2017 Transit Fund Allocations for Los Angeles County jurisdictions, transit operators and Metro operations as shown in Attachment A. These allocations comply with federal and state regulations and LACMTA Board policies and guidelines.

1. Planning and Administrative allocations of Transportation Development Act (TDA), Proposition A, Proposition C and Measure R in the amount of $73.4 million as shown in Attachment A, page 2 Line 37.

2. Bus Transit Subsidies of State and Local funds in the amount of $934.9 million as shown in Attachment A, page 3.

3. Allocation of Federal Formula Grants in the amount of $349.1 million as shown in Attachment A, pages 12-13.

4. Proposition A Incentive Programs in the amount of $15.3 million as shown in Attachment A, pages 19-21.

5. Proposition A Local Return, Proposition C Local Return, Measure R Local Return, TDA Article 3 (Pedestrian and Bikeways) and TDA Article 8 (Streets and Highways) for $496.4 million as shown in Attachment A, pages 22-24.

B. AUTHORIZING the Chief Executive Officer to adjust FY2017 Federal Section 5307 (Urbanized Formula), Section 5339 (Bus and Bus Facilities) and Section 5337 (State of Good Repair) allocations upon receipt of final apportionment from the Federal Transit Authority and amend FY2017 budget as necessary to reflect the aforementioned adjustment.

C. APPROVING fund exchange in the amount of $6 million of Santa Monica's Big Blue Bus' FY2017 Federal Section 5307 formula share allocation with Metro's TDA Article 4 allocation.

D. APPROVING fund exchange of Federal Section 5307 discretionary fund awarded to the Southern California Regional Transit Training Consortium (SCRTTC) through Long Beach Transit in the ...