|
|
Type:
|
Informational Report
|
Status:
|
Agenda Ready
|
|
On agenda:
|
3/18/2020
|
Final action:
|
|
|
Title:
|
RECEIVE AND FILE the Fiscal Year 2021 (FY21) Budget Development Update for Transit Operations, Maintenance, and Asset State of Good Repair (SGR).
|
|
Indexes:
|
Budget, Budgeting, Bus Acquisitions, Bus Maintenance Projects, Bus Operations Control Center, Cleaning, Construction, Customer service, Fire detection systems, Fuels, Informational Report, Labor, Light rail vehicles, Maintenance, Maintenance facilities, Maintenance management, Maintenance of way, Maintenance practices, Metro Divisions, Metro Orange Line, Metro Red Line, Metro Vision 2028 Plan, MicroTransit Pilot Program, NextGen Bus Study, Operations and Maintenance, Outreach, Procurement, Rail Operations Control Center, Railroad facilities, Retrofitting, Revenue Service, Rolling stock, Safety, Safety and security, Schedule maintenance, Security, State Of Good Repair, Supervisory Control And Data Acquisition, Testing, Track components, Tracking systems, Transit centers, Tunnel lining, Vehicle fleets, Vehicle maintenance, Ventilation systems, Zero Emission Bus (ZEB) Master Plan, Zero Emissions, Zoning
|
Meeting_Body FINANCE, BUDGET, & AUDIT COMMITTEE MARCH 18, 2020 Subject SUBJECT: FISCAL YEAR 2021 BUDGET DEVELOPMENT UPDATE - TRANSIT OPERATIONS, MAINTENANCE, AND ASSET STATE OF GOOD REPAIR Action ACTION: RECEIVE AND FILE Heading RECOMMENDATION Title RECEIVE AND FILE the Fiscal Year 2021 (FY21) Budget Development Update for Transit Operations, Maintenance, and Asset State of Good Repair (SGR). Issue ISSUE This report is the third in a series of budget development updates leading up to the FY21 Budget adoption for Board consideration in May 2020. This update highlights the preliminary proposed budget to achieve Metro Vision 2028, maintain transit infrastructure in a State of Good Repair (SGR), and deploy Metro Bus and Rail services to meet changing customer transit needs. The report focuses on SGR and Operations and Maintenance programs. Bus and Rail service levels were presented to the Customer Experience, Safety, and Operations Committee in February 2020. Consequently, the resource needs are planned to support the service level and will be discussed in this status update report. The dollars estimated to deliver planned SGR projects and Bus/Rail service are preliminary. They are subject to change as the budget development process continues. Discussion DISCUSSION State of Good Repair (SGR) The SGR program proposes asset replacement and improvement projects based on the condition of capital assets and the ability to operate at a full level of performance. It aims to maintain existing transit infrastructure at a high level of safety, transit quality, and reliable operability. Criteria used to evaluate and prioritize Metro asset refurbishment and replacement include industry standards, age-based condition assessment, and asset modernization needs due to obsolescence or technology advancements. Metro provides the necessary resources to keep the transit system in a state of good repair. In FY21, $525 million is allocated to maintain Metro's B... Click here for full text
|