THE TRANSPORTATION DEPARTMENT/TRANSIT DIVISION 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 range between $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 the purchase of transit fixed route buses.
The Transit Division is reallocating remaining budgeted funds from projects that have either been completed, funded with alternate sources of funding or programmed in newer grant years. The transfers affecting specific grant years are as follows within the Transit Capital Grant Fund 39000:
2011 Formula Grant $ 3,524,660
2012 Formula Grant $ 4,163,881
2013 Formula Grant $ 1,329,780
2014 Formula Grant $ 2,240,135
2015 Formula Grant $12,519,641
2016 Formula Grant $ 1,598,672
2017 Formula Grant $ 1,764,798
These budget transfers will allow staff to expedite the use of older FTA grants for current projects such as the bus procurement, which is a grant management policy that the FTA has supported and encouraged.
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