Metro - File #: 2017-0102

• File #: 2017-0102
• Type: Informational Report
• Status: Filed
• File created: 2/15/2017
• In control: Finance, Budget and Audit Committee
• On agenda: 3/15/2017
• Final action: 3/15/2017
• Title: RECEIVE AND FILE FY18 Budget Development Update.
• Sponsors: Finance, Budget and Audit Committee
• Indexes: 7th Street/Metro Center Station, Airport Metro Connector (AMC) Station Project, All Door Boarding, Azusa, Budget, Budgeting, Bus Acquisitions, Bus Maintenance Projects, Bus rapid transit, Construction, Crenshaw/LAX Transit Corridor Project, Gold Line Foothill Extension 2A, Gold Line Foothill Extension 2B, Informational Report, Labor, Light rail transit, Light rail vehicles, Los Angeles International Airport, Los Angeles Union Station, Maintenance, Maintenance of way, Measure M, Measure R, Metro Blue Line, Metro Crenshaw Line, Metro Divisions, Metro Exposition Line, Metro Gold Line, Metro Green Line, Metro Purple Line, Metro Rail A Line, Metro Rail C Line, Metro Rail E Line, Metro Rail K Line, Metro Rail L Line, Metro Red Line, Metro Vision 2028 Plan, Non-revenue Vehicles, Outreach, Patsaouras Plaza Busway Station, Procurement, Purchasing, Rail transit, Railroad commuter service, Railroad facilities, Regional Connector Transit Corridor Project, Revenue Service, Ridership, Rolling stock, Safety, Safety and security, Security, State Of Good Repair, Transit buses, Transit centers, Transit System, Twenty-eight by '28 Initiative, Vehicle fleets, Vehicle maintenance, Willowbrook/Rosa Parks Station

Meeting_Body
FINANCE, BUDGET, AND AUDIT COMMITTEE
MARCH 15, 2017

Subject/Action
SUBJECT: FY18 BUDGET DEVELOPMENT UPDATE
ACTION: RECEIVE AND FILE

Heading
RECOMMENDATION

Title
RECEIVE AND FILE FY18 Budget Development Update.

Issue
ISSUE
Metro is continuing the development of its FY18 Budget. This is the second in a series of monthly updates to the Board on this process. This report will present and describe projects and programs that will account for more than half of Metro's FY18 budget. Further, these elements demonstrate the incorporation of Measure M priorities, which put additional requirements on existing staff and will require the creation of new projects and addition of new staff in FY18.
This report provides a budget development update on the following topics:
* Public outreach efforts
* Fare revenue projections, based on preliminary assumptions for ridership
* Projections for service levels for directly-operated Metro bus and rail services
* Budget and descriptive information on efforts to maintain a state of good repair for our bus and rail fleet and facilities, as well as for regional transit facilities, like Union Station.
* Transit construction projects, which are funded through Measures R and M

Discussion
DISCUSSION
Public Outreach Update
The prior FY18 Budget update report provided a comprehensive overview of the public and key stakeholder outreach efforts that are being included as part of the FY18 Budget development process.
An interactive Online Budgeting Tool, which engages the public in the budgeting process by walking users through a series of questions to garner input on their individual transportation priorities, was made available on February 12, 2017. The first round of stakeholder Budget workshops will be completed in March at the regularly scheduled Service Council Meetings, as well as at internal stakeholder meetings for the Technical Advisory Committee, Streets & Freeways Subcommittee, Bus Operations Subcommittee, Citiz...