Metro - File #: 2018-0021

• File #: 2018-0021
• Type: Informational Report
• Status: Agenda Ready
• File created: 1/30/2018
• In control: Finance, Budget and Audit Committee
• On agenda: 3/14/2018
• Title: RECEIVE AND FILE FY19 Budget Development Update.
• Sponsors: Finance, Budget and Audit Committee
• Indexes: Airport Metro Connector (AMC) Station Project, Azusa, Budget, Budgeting, Claremont, Construction, Council Of Governments, Division 20, Full Funding Grant Agreement, Gold Line Foothill Extension 2A, Gold Line Foothill Extension 2B, Highway planning, Informational Report, Link Union Station, Los Angeles International Airport, Los Angeles Union Station, Measure M, Measure R, Metro Blue Line, Metro Exposition Line, Metro Gold Line, Metro Purple Line, Metro Rail A Line, Metro Rail B Line, Metro Rail D Line, Metro Rail E Line, Metro Rail L Line, Metro Red Line, Metro Vision 2028 Plan, Metrolink, Metrolink Antelope Valley Line, Metrolink San Bernardino Line, Outreach, Program, Project, Railroad commuter service, Regional Connector Transit Corridor Project, Subsidies, Testing, Twenty-eight by '28 Initiative, Westside Subway Extension/Purple Line Extension Phase 1, Westside Subway Extension/Purple Line Extension Phase 2, Westside Subway Extension/Purple Line Extension Phase 3

Meeting
FINANCE, BUDGET, AND AUDIT COMMITTEE
MARCH 14, 2018

Subject
SUBJECT: FY19 BUDGET DEVELOPMENT UPDATE

Action
ACTION: RECEIVE AND FILE

Heading
RECOMMENDATION

Title
RECEIVE AND FILE FY19 Budget Development Update.

Issue
ISSUE
This report is the second in a series of FY19 Budget development updates leading to the FY19 Budget adoption for Board consideration in May 2018. In this report, staff will present the Transit Project Construction/Planning, Highway, and Regional Rail programs for FY19. This report will describe the agency's implementation plans to meet the Measure M / Measure R (MM/MR) priorities as well as the current status of the expanded public outreach efforts to obtain public and stakeholder input.
...Discussion
DISCUSSION
Transit Infrastructure, Highway and Regional Rail
The preliminary FY19 budget is balanced at approximately $6.5 billion estimated expenditures. This report focuses primarily on Transportation Infrastructure Development Programs. As shown in Figure 1, this category represents almost one third, 32% or $2.2 billion, of the preliminary FY19 Proposed Budget. It includes Transit Construction and Planning Activities ($1,674.8 million), Highway Expansion ($304.5 million), and Regional Rail / Metrolink Projects ($178.3 million).






Figure 1: FY19 Preliminary Budget Percentage by Program

Transit Project Construction/Planning
Westside Purple Line Extension (WSE PLE), including the Division 20 expansion required for enabling revenue operations at the completion of subway extensions, Regional Connector and Crenshaw LAX projects combined account for 87%, or $1,461.3 million, of the $1,674.8 million Transit Project Construction/Planning program budget proposed for FY19. The table in Figure 2 below shows the program breakdown by major projects. It identifies year over year budget changes at the project level and the respective project Life of Project (LOP) expenditure rate anticipated by the end of FY19.





Figure ...