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File #: 2022-0313   
Type: Budget Status: Passed
File created: 5/3/2022 In control: Board of Directors - Regular Board Meeting
On agenda: 6/23/2022 Final action: 6/23/2022
Title: CONSIDER: A. APPROVING $2.9 billion in FY 2022-23 (FY23) 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 $3,323,653 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 $975,482 of Metro's Prop C 40% allocation with Antelope Valley, Santa Clarita, Burbank and Pasadena's shares of Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations; D. APPROVING fund exchange in the amount of $ 170,195 of Metro's TDA Article 4 allocations with La Mirada Transit's share of FY17 Federal Section 5307 and $199,062 of Metro's TDA Article 4 ...
Sponsors: Finance, Budget and Audit Committee
Indexes: Avalon, Budget, Burbank, Commerce, Coronavirus Disease 2019 (COVID-19), Federal Transit Administration, Gateway Cities (Southeast LA County) Service Sector, Grant Aid, Guidelines, Low Carbon Transit Operations Program, Low-Income Fare is Easy (LIFE), Pasadena, Program, Proposition C, Resolution, Ridership, Safety, San Fernando Valley Service Sector, Santa Clarita, Section 5307, Southern California Association Of Governments, Technical Advisory Committee, Transfers, Transit operators, Transportation Development Act - Article 4, Transportation Development Act of 1971
Attachments: 1. Attachment A - FY23 Transit Fund Allocations, 2. Attachment B - TDA and STA Resolution, 3. Attachment C - FY22 Federal Final Actual Transit Fund Allocations, 4. Attachment D - Summary of Significant Info, Methodologies and Assumptions
Meeting_Body
FINANCE, BUDGET, AND AUDIT COMMITTEE
JUNE 15, 2022

Subject
SUBJECT: FISCAL YEAR 2022-23 TRANSIT FUND ALLOCATIONS

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. APPROVING $2.9 billion in FY 2022-23 (FY23) 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 $3,323,653 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 $975,482 of Metro's Prop C 40% allocation with Antelope Valley, Santa Clarita, Burbank and Pasadena's shares of Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations;

D. APPROVING fund exchange in the amount of $ 170,195 of Metro's TDA Article 4 allocations with La Mirada Transit's share of FY17 Federal Section 5307 and $199,062 of Metro's TDA Article 4 allocations with Arcadia Transit's share of FY17 Federal Section 5307;

E. APPROVING Two-year lag funding for $842,476 to Torrance Transit, Commerce Transit, and Long Beach Transit for the transitioned services from Metro as follows:

1. The transfer of Metro Line 256 to City of Commerce Municipal Bus Lines consisting of 102,930 Revenue Miles and corresponding fundings in the amount of $184,608;

2. The transfer of a portion of Metro Line 130 to Torrance Transit consisting of 231,006 Revenue Miles and corresponding funding in the amount of $414,163;

3. The transfer of the eastern segment of Metro line 130 to Long Beach Transit consisting of 135,893 Revenue Miles and corresponding funding in the amount of $243,705;

F. APPROVING base funding increase from $6.0 million to $7.4 milli...

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