Metro - File #: 2017-0319

• File #: 2017-0319
• Type: Formula Allocation / Local Return
• Status: Passed
• File created: 5/5/2017
• In control: Finance, Budget and Audit Committee
• On agenda: 6/14/2017
• Final action: 6/22/2017
• Title: CONSIDER: A. APPROVING $2.1 billion in FY2018 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 LACMTA Board - approved policies and guidelines. Measure M allocations are subject to Board approval of Measure M guidelines. B. AUTHORIZING the Chief Executive Officer to adjust FY2018 Federal Section 5307 (Urbanized Formula), Section 5339 (Bus and Bus Facilities) and Section 5337 (State of Good Repair) allocations upon receipt of final apportionment from the Federal Transit Authority and amend FY2018 budget as necessary to reflect the aforementioned adjustment. C. APPROVING fund exchange in the amount of $6.0 million of Santa Monica's Big Blue Bus' FY2018 Federal Section 5307 formula share allocation with Metro's TDA Article 4 allocation. D. APPROVING fund exchange of Federal Section 5307 discretionary fund awarded to the Southern...
• Indexes: Budget, Budgeting, Formula Allocation / Local Return, Guidelines, Measure M, Resolution, Santa Monica, Section 5307, Southern California Association Of Governments, Technical Advisory Committee, Transit operators, Transportation Development Act - Article 4, Transportation Development Act of 1971, Westside Cities subregion, Westside/Central Service Sector

Date	Action By	Action	Result
6/14/2017	Finance, Budget and Audit Committee

Meeting_Body
FINANCE BUDGET AND AUDIT COMMITTEE
JUNE 14, 2017

Subject
SUBJECT: FISCAL YEAR 2018 TRANSIT FUND ALLOCATIONS

Action
ACTION: APPROVE FY2018 TRANSIT FUND ALLOCATIONS AND RELATED ACTIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. APPROVING $2.1 billion in FY2018 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 LACMTA Board - approved policies and guidelines. Measure M allocations are subject to Board approval of Measure M guidelines.

B. AUTHORIZING the Chief Executive Officer to adjust FY2018 Federal Section 5307 (Urbanized Formula), Section 5339 (Bus and Bus Facilities) and Section 5337 (State of Good Repair) allocations upon receipt of final apportionment from the Federal Transit Authority and amend FY2018 budget as necessary to reflect the aforementioned adjustment.

C. APPROVING fund exchange in the amount of $6.0 million of Santa Monica's Big Blue Bus' FY2018 Federal Section 5307 formula share allocation with Metro's TDA Article 4 allocation.

D. 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 $300,000 with Metro's TDA Article 4 allocation.

E. APPROVING fund exchanges in the amount totaling $11.2 million of Metro's share of Federal Section 5307 with Municipal Operators' shares of Federal Sections 5339 and 5337.

F. ADOPTING a resolution designating Transportation Development Act (TDA) and State Transit Assistance (STA) fund allocations are in compliance with the terms and conditions of the allocations (Attachment C); and

G. AUTHORIZING the Chief Executive Officer to negotiate and execute all necessary agreements to implement the above funding programs.


Issue
ISSUES
* Each year, transit operating and capital funds consisting of federal...