Metro - File #: 2018-0080

• File #: 2018-0080
• Type: Informational Report
• Status: Agenda Ready
• File created: 2/28/2018
• In control: Finance, Budget and Audit Committee
• On agenda: 4/11/2018
• Title: RECEIVE AND FILE report on FY 2019 Budget Development Status.
• Sponsors: Finance, Budget and Audit Committee
• Indexes: Access Services Inc., Blue Line Improvement, Budget, Budgeting, Bus Acquisitions, Bus Maintenance Projects, Bus transit operations, Congestion Management Program, Construction, Contracts, Grant Aid, Informational Report, Labor, Light rail transit, Local transportation, Low-Income Fare is Easy (LIFE), Maintenance, Maintenance facilities, Maintenance of way, Maintenance practices, Measure M, Measure R, Metro Blue Line, Metro Gold Line, Metro Green Line, Metro Orange Line, Metro Rail A Line, Near zero emissions, Operations and Maintenance, Outreach, Pilot studies, Plan, Policy Advisory Council, Procurement, Program, Project, Public Hearing, Purchasing, Rail transit, Regional transportation, Rehabilitation (Maintenance), Revenue Service, Ridership, Rolling stock, State Of Good Repair, Subsidies, Testing, Transit buses, Vehicle maintenance, Zero Emission Bus (ZEB) Master Plan, Zero Emissions

Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
APRIL 11, 2018

Subject
SUBJECT: FISCAL YEAR 2019 (FY19) BUDGET DEVELOPMENT STATUS

Action
ACTION: RECEIVE AND FILE

Heading
RECOMMENDATION

Title
RECEIVE AND FILE report on FY 2019 Budget Development Status.

Issue
ISSUE
Metro is continuing the development of the FY19 Budget. This report is third in a series of monthly budget development updates that will lead to a proposed budget for adoption in May 2018.
In the past status reports, the FY19 Budget progress discussed the factors that impact sales tax forecast and cost inflation, as well as the process that guides the budget development to achieve the Board and CEO goals in a fiscally sound manner. The second report itemized the proposed Transit Project Construction/Planning, Highway, Regional Rail programs, and Metro's implementation plans to meet Measure M/Measure R (MM/MR) priorities for the coming fiscal year. Both reports presented a status of the continued efforts to expand public outreach program in order to maximize stakeholder input.
The primary focus of this report will be on Metro Transit and Subsidy Funding programs. Metro Transit consists of Bus and Rail Operations, Maintenance, and State of Good Repair (SGR) to Metro's transit assets. Metro Bus and Rail Transit service generates Fare Revenue to help offset some of the operating costs; therefore, projected Fare Revenues forecast will be presented as well. Subsidy Funding represents a direct funding to regional partners to carry out local transportation and transit needs. This includes subsidies paid to local jurisdictions, Municipal Operators, Access Services, and funding for other programs such as Fare Assistance.
Staff will also provide a status of continued public outreach efforts to obtain public and stakeholder input.
DISCUSSION
FY19 Budget Program Summary
Metro performs four major core business functions, planner, builder, operator, and funding partner of transportation prog...