Metro - File #: 2023-0346

• File #: 2023-0346
• Type: Program
• Status: Passed
• File created: 5/10/2023
• In control: Finance, Budget and Audit Committee
• On agenda: 6/14/2023
• Final action: 6/22/2023
• Title: CONSIDER: A. APPROVING $3.3 billion in FY 2023-24 (FY24) 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 Metro Board approved policies and guidelines; B. APPROVING an adjustment to Tier 2 Operator funding for the Cities of Burbank, Glendale, Los Angeles, and Pasadena from a capped amount of $6 million to $8.2 million for FY24 that will be adjusted annually by the Consumer Price Index (CPI) in subsequent years; C. APPROVING fund exchanges in the estimated amount of $4,471,049 of Metro's Transportation Development Act (TDA) Article 4 allocation with Municipal Operators' shares of the Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations; D. APPROVING fund exchanges in the estimated amount of $984,952 of Metro's Proposition (Prop) C 40% allocation with Antelope Valley, Santa Clarita, Burban...
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: Arroyo Verdugo subregion, Budget, Budgeting, Burbank, Call For Projects, Federal Transit Administration, Glendale, Grant Aid, Growing States/High-Density States Formula Grants, Guidelines, La Mirada, Low Carbon Transit Operations Program, Metrolink Antelope Valley Line, North Los Angeles County subregion, Pasadena, Program, Proposition C, Redondo Beach, Resolution, Safety, San Fernando Valley Service Sector, San Fernando Valley subregion, Santa Clarita, Section 5307, Southern California Association Of Governments, Technical Advisory Committee, Transfers, Transit operators, Transit System, Transportation Development Act - Article 4, Transportation Development Act of 1971, Zero Emissions
• Related files: 2023-0467, 2023-0411

Date	Action By	Action	Result
6/22/2023	Board of Directors - Regular Board Meeting

Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
JUNE 14, 2023

Subject
SUBJECT: FISCAL YEAR 2023-24 TRANSIT FUND ALLOCATIONS

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. APPROVING $3.3 billion in FY 2023-24 (FY24) 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 Metro Board approved policies and guidelines;

B. APPROVING an adjustment to Tier 2 Operator funding for the Cities of Burbank, Glendale, Los Angeles, and Pasadena from a capped amount of $6 million to $8.2 million for FY24 that will be adjusted annually by the Consumer Price Index (CPI) in subsequent years;

C. APPROVING fund exchanges in the estimated amount of $4,471,049 of Metro's Transportation Development Act (TDA) Article 4 allocation with Municipal Operators' shares of the Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations;

D. APPROVING fund exchanges in the estimated amount of $984,952 of Metro's Proposition (Prop) C 40% allocation with Antelope Valley, Santa Clarita, Burbank, and Glendale's shares of the Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations;

E. APPROVING Two-year lag funding in the amount of $273,680 for the transfer of the eastern segment of Metro line 130 to Long Beach Transit. The transfer will consist of 132,959 Revenue Miles;

F. APPROVING fund exchange in the amount of $320,133 of Metro's TDA Article 4 allocations with La Mirada Transit's share of FY18 and FY19 Federal Section 5307;

G. 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 $360,000 with Metro's TDA Article 4 allocation;

H. APPROVING fund exchanges in the amount totaling $16.2 milli...