Metro - File #: 2020-0548

• File #: 2020-0548
• Type: Informational Report
• Status: Filed
• File created: 8/5/2020
• In control: Board of Directors - Regular Board Meeting
• On agenda: 9/24/2020
• Final action: 9/24/2020
• Title: CONSIDER: A. APPROVING $2.1 billion in FY 2021 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; B. APPROVING fund exchanges in the estimated amount of $2,813,249 of Metro's TDA Article 4 allocation with Municipal Operators' shares of Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations; C. APPROVING fund exchanges in the estimated amount of $267,928 of Metro's Prop C 40% allocation with Antelope Valley's shares of Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations; D. APPROVING fund increases from $6.0 million to $9.0 million in FY 2021 for Tier 2 Operators. This allocation includes CARES ACT Equivalent Supplemental Funding as approved by the LACMTA Board of Directors; E. APPROVING the execution of...
• Sponsors: Finance, Budget and Audit Committee
• Indexes: Avalon, Budget, Budgeting, Bus transit operations, Coronavirus Aid, Relief, and Economic Security Act, Coronavirus Disease 2019 (COVID-19), Gateway Cities (Southeast LA County) Service Sector, Gateway Cities subregion, Guidelines, Informational Report, Low Carbon Transit Operations Program, Low-Income Fare is Easy (LIFE), Program, Proposition C, Resolution, Safety, Section 5307, Southern California Association Of Governments, Subsidies, Technical Advisory Committee, Transit operators, Transportation Development Act - Article 4, Transportation Development Act of 1971
• Related files: 2020-0714

Date	Action By	Action	Result
9/24/2020	Board of Directors - Regular Board Meeting
9/16/2020	Finance, Budget and Audit Committee

Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
SEPTEMBER 16, 2020

Subject
SUBJECT: FISCAL YEAR 2021 TRANSIT FUND ALLOCATIONS

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. APPROVING $2.1 billion in FY 2021 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;

B. APPROVING fund exchanges in the estimated amount of $2,813,249 of Metro's TDA Article 4 allocation with Municipal Operators' shares of Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations;

C. APPROVING fund exchanges in the estimated amount of $267,928 of Metro's Prop C 40% allocation with Antelope Valley's shares of Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations;

D. APPROVING fund increases from $6.0 million to $9.0 million in FY 2021 for Tier 2 Operators. This allocation includes CARES ACT Equivalent Supplemental Funding as approved by the LACMTA Board of Directors;
E. APPROVING the execution of local funding exchanges as appropriate in order to implement the Board approved CARES Act allocations;
F. 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 $330,000 with Metro's TDA Article 4 allocation;

G. APPROVING fund exchanges in the amount totaling $14.0 million of Metro's Federal Section 5307 share with Municipal Operators' shares of Federal Sections 5337 and 5339;

H. AUTHORIZING the Chief Executive Officer to adjust FY 2021 Federal Section 5307 (Urbanized Formula), Section 5339 (Bus and Bus Facilities) and Section 5337 (State of Good Repair) allocations upon receipt of final apportionments from the Federal Transit Authority and am...