Metro - File #: 2024-0337

• File #: 2024-0337
• Type: Formula Allocation / Local Return
• Status: Passed
• File created: 5/10/2024
• In control: Finance, Budget and Audit Committee
• On agenda: 6/20/2024
• Final action: 6/27/2024
• Title: CONSIDER: A. APPROVING $3.2 billion in fiscal year 2024-25 (FY25) 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 Metro Board approved policies and guidelines; B. APPROVING fund exchanges in the estimated amount of $3,566,564 of Metro's Transportation Development Act (TDA) Article 4 allocation with Municipal Operators' shares of the Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations; C. APPROVING fund exchanges in the estimated amount of $1,056,205 of Metro's Proposition (Prop) C 40% allocation with Antelope Valley, Santa Clarita, Burbank, and Glendale's shares of the Low Carbon Transit Operations Program (LCTOP). Funding will be adjusted based on LCTOP actual allocations; D. APPROVING fund exchange in the amount of $780,652 of Metro's TDA Article 4 allocations with Claremont's share o...
• Sponsors: Planning and Development (Department)
• Indexes: Arroyo Verdugo subregion, Avalon, Budget, Budgeting, Burbank, Bus Acquisitions, Claremont, Federal Transit Administration, Formula Allocation / Local Return, Gateway Cities (Southeast LA County) Service Sector, Gateway Cities subregion, Glendale, Grant Aid, Guidelines, Low Carbon Transit Operations Program, NextGen Bus Study, Pasadena, Plan, Proposition C, Purchasing, Resolution, San Fernando Valley Service Sector, San Fernando Valley subregion, Santa Clarita, Section 5307, Southern California Association Of Governments, Subsidies, Technical Advisory Committee, Torrance, Transfers, Transit operators, Transit System, Transportation Development Act - Article 4, Transportation Development Act of 1971

Date	Action By	Action	Result
6/27/2024	Board of Directors - Regular Board Meeting

Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
JUNE 20, 2024

Subject
SUBJECT: FISCAL YEAR 2024-25 TRANSIT FUND ALLOCATIONS

Action
ACTION: APPROVE RECOMMENDATION

Heading
RECOMMENDATION

Title
CONSIDER:

A. APPROVING $3.2 billion in fiscal year 2024-25 (FY25) 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 Metro Board approved policies and guidelines;

B. APPROVING fund exchanges in the estimated amount of $3,566,564 of Metro's Transportation Development Act (TDA) Article 4 allocation with Municipal Operators' shares of the Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations;

C. APPROVING fund exchanges in the estimated amount of $1,056,205 of Metro's Proposition (Prop) C 40% allocation with Antelope Valley, Santa Clarita, Burbank, and Glendale's shares of the Low Carbon Transit Operations Program (LCTOP). Funding will be adjusted based on LCTOP actual allocations;

D. APPROVING fund exchange in the amount of $780,652 of Metro's TDA Article 4 allocations with Claremont's share of FY19-FY23 Federal Section 5307 funding;

E. 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 $360,000 with Metro's TDA Article 4 allocation, the second year of a three-year agreement;

F. APPROVING fund exchanges in the amount totaling $15.6 million of Metro's Federal Section 5307 share with Municipal Operators' shares of Federal Sections 5337 and 5339;

G. APPROVING an additional $422,893 to the previously approved amount for the City of Pasadena, to purchase nine buses for servicing lines 177 and 256 in a new amount not to exceed $4,546,716, as part of the NextGen Bus Plan;

H. AUTHORIZING the Chief Executive Officer to adjust FY25 Federal...