HomeMy WebLinkAboutAgenda Statement 1977/06/14 Item 19~.~ ~ VI 411V LI'7 YlJlfl
COUNCIL AGENDA STATEMENT Item No. 19
For meeting of 6-14-77
ITEM TITLE ResolutionOl~Q~(p~Approving Submittal of a Local Transportation
Fund (.LTF) Claim for Fiscal Year 1977-78
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SUBMITTED BY Director of Public Works/City Engineer /P~~ ~~/
ITEM EXPLANATION (4/5TH'S VOTE REQUIRED YES_ NO X )
On April 1, 1977, staff submitted an LTF claim to the Comprehensive
Planning Organization to assist the operation of the Chula Vista Transit
System during Fiscal Year 1977-78. A copy is attached.
The LTF claim for the upcoming fiscal year totals $390,720 toward a total
estimated expenditure of $614,000. Approximately $75,000 of the claim
and $190,000 of the proposed budget are earmarked for major capital pro-
jects including construction of the transit center and bus stop improve-
ments. The balance of the funds, $424,000, is for operating expenses.
A summary of recent transit finances follows:
FY 77-78
FY 75-76 FY 76-77 PROJECTED
Audited) (Estimated) Operating Capita
Expenditures ($204,739) ($315,000) ($424,000) ($190,000)
Revenues
•Farebox $ 54,905 $ 68,000 $ 79,000 --
~FAU Grant -- -- -- $115,000
eLTF 120,5.54 207,G00 315,000 75,000
•City 29,280 40,000 30,000 --
•Total $204,739 $315,000 $424,000 $190,000
The figures for FY 76-77 are estimated based on expenditures to date and
projected revenues. It is possible that the City may be able to increase
its LTF claim and reduce its general fund contribution, but that cannot
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Agreement Resolution X Ordinance_ Plat Notification List_
Other ir.mF ~ia;mi ENVIRONMENTAL DOCUMENT: Attached Submitted on
FINANCIAL IMPACT
Projected FY 77-78 cost to City - $30,000.
STAFF RECOMMENDATION
Adopt resolution approving submittal of LTF claim for FY 77-78.
BOARD/COMMISSION RECOMMENDATION
~ p p g O V E D
by the
COUNCIL ACTION City Council
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Chula Viu Val C".l-~~crnia
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AGENDA ITEM NO. lg
Supplemental Page 2
The figures for FY 77-78 are provisional and are subject to change
by budgetary changes, capital project completion, and/or modifica-
tions by the Comprehensive Planning Organization. Council action
is required to meet a submittal deadline of July 1, 1977. If changes
in the claim are necessary they will be accomplished by amendment
after July 1, 1977.