Metro - File #: 2018-0193

• File #: 2018-0193
• Type: Budget
• Status: Agenda Ready
• File created: 4/12/2018
• In control: Finance, Budget and Audit Committee
• On agenda: 6/20/2018
• Title: CONSIDER: A. APPROVING $2.3 billion in FY 2019 Transit Fund Allocations for Los Angeles County jurisdictions, transit operators and Metro operations as shown in Attachment A. These allocations comply with federal, state and local regulations and LACMTA Board approved policies and guidelines; B. APPROVING fund exchange in the amount of $6.0 million of Santa Monica's Big Blue Bus' FY 2019 Federal Section 5307 formula share allocation with Metro's TDA Article 4 allocation; C. 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 amount of $300,000 with Metro's TDA Article 4 allocation; D. APPROVING fund exchanges in the amount totaling $11.4 million of Metro's Federal Section 5307 share with Municipal Operators' shares of Federal Sections 5337 and 5339; E. AUTHORIZING the Chief Executive Officer to adjust FY 2019 Federal Section 5307 (Urbanized Formula), Sec...
• Sponsors: Finance, Budget and Audit Committee
• Indexes: Budget, Budgeting, Formula Funds, Guidelines, Low Carbon Transit Operations Program, Resolution, Santa Monica, Section 5307, Senate Bill 1, 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
• Related files: 2018-0442

Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
JUNE 20, 2018

Subject
SUBJECT: FISCAL YEAR 2019 TRANSIT FUND ALLOCATIONS

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. APPROVING $2.3 billion in FY 2019 Transit Fund Allocations for Los Angeles County jurisdictions, transit operators and Metro operations as shown in Attachment A. These allocations comply with federal, state and local regulations and LACMTA Board approved policies and guidelines;

B. APPROVING fund exchange in the amount of $6.0 million of Santa Monica's Big Blue Bus' FY 2019 Federal Section 5307 formula share allocation with Metro's TDA Article 4 allocation;

C. 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 amount of $300,000 with Metro's TDA Article 4 allocation;

D. APPROVING fund exchanges in the amount totaling $11.4 million of Metro's Federal Section 5307 share with Municipal Operators' shares of Federal Sections 5337 and 5339;

E. AUTHORIZING the Chief Executive Officer to adjust FY 2019 Federal Section 5307 (Urbanized Formula), Section 5339 (Bus and Bus Facilities) and Section 5337 (State of Good Repair) allocations upon receipt of final apportionments from the Federal Transit Authority and amend FY 2019 budget as necessary to reflect the aforementioned adjustment;

F. AUTHORIZING the Chief Executive Officer to negotiate and execute all necessary agreements to implement the above funding programs;

G. ADOPTING a resolution designating Transportation Development Act (TDA) and State Transit Assistance (STA) fund allocations are in compliance with the terms and conditions of the allocations (Attachment D); and

H. APPROVING amendment to the FY 2018 State Transit Assistance Fund Allocations and Senate Bill 1 Transit Formula Fund allocations (Attachment B).

Issue
ISSUE

Each year, transit operating and capital fun...