THE TRANSPORTATION DEPARTMENT/TRANSIT DIVISION AND THE OFFICE OF MANAGEMENT AND BUDGET RECOMMEND APPROVAL OF THE ABOVE MOTION.
The Transit Division (BCT) receives annual formula grants from the Federal Transit Administration (FTA) for transit capital assistance which ranging between approximately $22M and $25M per year. For formal compliance with the County processes, staff is requesting approval to amend the budgets within the Transit Capital Grant Funds for Fiscal Year 2012 for the purchase of replacement transit support vehicles (sedans and vans) currently being leased under the pilot lease program. The vehicle leases will begin expiring mid June 2017.
This budget transfer will also allow staff to expedite the use of older FTA grants for active projects, a grant management policy that the FTA has supported and encouraged. Upon approval, a budget transfer request will be submitted to the FTA through its internet-based electronic grant management system.
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