File #: 2015-0704   
Type: Formula Allocation / Local Return Status: Passed
File created: 5/26/2015 In control: Finance, Budget and Audit Committee
On agenda: 6/17/2015 Final action: 6/25/2015
Title: APPROVED ON CONSENT CALENDAR: A. approving $1.8 billion in FY2016 Transit Fund Allocations for Los Angeles County jurisdictions, transit operators and Metro operations as shown in Attachments A through E and are further described in Attachment F. 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 $70.4 million as shown in Attachment A, Line 37; 2. Bus Transit Subsidies of State and Local funds in the amount of $939.5 million as shown in Attachment B and includes: 3. $6.0 million for the continuation of the Tier 2 Operators Funding Program 4. Allocation of Federal Formula Grants in the amount of $333.6 million as shown in Attachment C. 5. Proposition A Incentive Programs in the amount of $14.7 million as shown in Attachment D. 6. Proposition A Local Return, Proposition C L...
Sponsors: Board of Directors - Regular Board Meeting
Indexes: Budget, Budgeting, Formula Allocation / Local Return, Formula Funds, Grant Aid, Guidelines, Local Returns, Long Beach, Measure R, Program, Proposition A, Proposition C, Resolution, Santa Monica, Section 5307, Southern California Association Of Governments, State laws, Subsidies, Technical Advisory Committee, Transit buses, Transit operators, Transportation Development Act - Article 4, Transportation Development Act of 1971, Westside Cities subregion, Westside/Central Service Sector
Attachments: 1. FY16 FAP Attachments
Meeting_Body
FINANCE BUDGET AND AUDIT COMMITTEE
JUNE 17, 2015

Subject/Action
SUBJECT: FISCAL YEAR 2016 TRANSIT FUND ALLOCATIONS

ACTION: APPROVE FY2016 TRANSIT FUND ALLOCATIONS AND RELATED ACTIONS

Heading
RECOMMENDATIONS

Title
APPROVED ON CONSENT CALENDAR:

A. approving $1.8 billion in FY2016 Transit Fund Allocations for Los Angeles County jurisdictions, transit operators and Metro operations as shown in Attachments A through E and are further described in Attachment F. 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 $70.4 million as shown in Attachment A, Line 37;

2. Bus Transit Subsidies of State and Local funds in the amount of $939.5 million as shown in Attachment B and includes:

3. $6.0 million for the continuation of the Tier 2 Operators Funding Program

4. Allocation of Federal Formula Grants in the amount of $333.6 million as shown in Attachment C.

5. Proposition A Incentive Programs in the amount of $14.7 million as shown in Attachment D.

6. Proposition A Local Return, Proposition C Local Return, Measure R Local Return, TDA Article 3 (Pedestrian and Bikeways) and TDA Article 8 (Street and Highways) for $476.1 million as shown in Attachment E.

B. authorizing the Chief Executive Officer to adjust FY2016 Federal Section 5307 (Urbanized Formula), Section 5339 (Bus and Bus Facilities) and Section 5337 (State of Good Repair) estimated allocations upon receipt of final apportionment from the Federal Transit Authority and amend FY2016 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' FY2016 Federal Section 5307 formula share allocation with Metro's TDA Article 4 allocation.

D. approving fund exchange of Federal Section 5...

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