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File #: 100507    Version: Name: Funding RTS Routes and Associated ADA Service Outside the City Limits (B)
Type: Discussion Item Status: Passed
File created: 5/5/2011 In control: Audit and Finance Committee
On agenda: 8/20/2015 Final action: 9/3/2015
Title: Funding RTS Routes and Associated ADA Service Outside the City Limits (NB)
Attachments: 1. 100507_RTS Proposed Policy_20101130.PDF, 2. 100507_Revised Formula_20110127.pdf, 3. 100507_spreadsheets_20110217.pdf, 4. 100507_Service Rate Policy_20110217.PDF, 5. 100507_FinalRecommendedServiceRates_20110404.pdf, 6. 100507_MOD_Presentation_20110505.pdf

Title

Funding RTS Routes and Associated ADA Service Outside the City Limits (NB)

 

Explanation

This item was discussed at the November 30, 2010, January 27, 2011 and April 4, 2011 Audit and Finance Committee meetings, leading to City Commission approval of a revised RTS service rate policy on May 5, 2011.  On August 29, 2011, the City and County Commissions jointly discussed this issue.  On September 1, 2011, the City Commission approved a motion to establish a FY12 Base Level Transit Services rate of $61 per hour and directed staff to develop a plan for establishing and funding a Capital Replacement Fund. 

 

As directed by the City Commission, RTS worked with the Budget and Finance Department to establish accounts for capital replacement.  As of June 24, 2015, the total balance of these accounts is $183,089; RTS uses these funds as the local match for vehicle replacement grants.

 

Fiscal Note

As of June 24, 2015, the total balance of the Capital Replacement funds is $183,089.

 

Recommendation

The Audit and Finance Committee: 1) accept the staff report; and 2) request that the City Commission remove this item from the referral list.




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