Meeting_Body
FINANCE, BUDGET, & AUDIT COMMITTEE
APRIL 15, 2020
Subject
SUBJECT: FISCAL YEAR 2021 BUDGET DEVELOPMENT UPDATE - TRANSIT OPERATIONS, MAINTENANCE, AND ASSET STATE OF GOOD REPAIR
Action
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE AND FILE the Fiscal Year 2021 (FY21) Budget Development Update for Transit Operations, Maintenance, and Asset State of Good Repair (SGR).
Issue
ISSUE
This report is the third in a series of budget development updates leading up to the FY21 Budget adoption for Board consideration in May 2020. This update highlights the preliminary proposed budget to achieve Metro Vision 2028, maintain transit infrastructure in a State of Good Repair (SGR), and deploy Metro Bus and Rail services to meet changing customer transit needs. The report focuses on SGR and Operations and Maintenance programs. Bus and Rail service levels were presented to the Customer Experience, Safety, and Operations Committee in February 2020. Consequently, the resource needs are planned to support the service level and will be discussed in this status update report. The dollars estimated to deliver planned SGR projects and Bus/Rail service are preliminary. They are subject to change as the budget development process continues.
Discussion
DISCUSSION
State of Good Repair (SGR)
The SGR program proposes asset replacement and improvement projects based on the condition of capital assets and the ability to operate at a full level of performance. It aims to maintain existing transit infrastructure at a high level of safety, transit quality, and reliable operability. Criteria used to evaluate and prioritize Metro asset refurbishment and replacement include industry standards, age-based condition assessment, and asset modernization needs due to obsolescence or technology advancements.
Metro provides the necessary resources to keep the transit system in a state of good repair. In FY21, $525 million is allocated to maintain Metro's B...
Click here for full text