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TD:JFH:SG:Jw Santa Monlca, California
Cauncll Meeting: Harch 3, 1992
TO: Mayor and City Councll
FROM: Clty Staff
SUBJECT: Authorlze the City Manager to Flle updates to the Short
Range Transit Plan and Appllcatlons for Funds
Introduction
This report requests that the City Counc~l author~ze the C1.ty
Manager to flle updates to the Short Range Transit Plan (SRTP) ln
order for the Santa Monlca Munlcipal Bus Lines to remaln ellglble
for federal and state translt funds. In addl.tlon, this report
requests that the City CouncIl authorize the city Manager to flle
applicatlons for funds based on the SRTP.
Backqround
In accordance "'1 i th requlrements of the Los Angeles County
Transportation commlssion ( LACTC) and the Federal Transit
Admlnistratlon ( FT A) , every three years, the Clty Must submit an
SRTP I l.n order to remain eliglble for federal and state funding
asslstance. The SRTP examines existing serVlceSI serves as
]ustlficatlon for future proJects and presents a three-year
financlal plan for the Santa MonIca Municipal Bus Llnes.
A complete SRTP for fiscal years 1991-93 Ttl a s adopted by the City
Council on February 27, 1990. -rhlS year, and last, the LACTC and
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FTA require updated financlal and operatlng lnformation only. A
complete Plan w111 again be prepared In 1993.
Financial Analvs1s
A three-year flnanc1al forecast 1S conta1ned 1n the SRTP update.
F1nancial projections to be submitted for fiscal year 1992-93
will serve as the bas1s for preparat10n of the Transportat1on
Department budget, which will be consldered by the Clty Council
during the Clty budget process. Flscal years beyond 1992-93 will
aga1n be addressed ln next year's SRTP and In future C1ty
budgets.
The r-iunic1pal Bus Lines' flnancial plan forecasts the use of
transit sUbsldy funds based on its formula share of LACTC's
proJected countyw1de allocatlon of translt funds for f1scal years
1992-93 through 1994-95. For FY 1992-93, the formula allocat1on
funds to be rece1ved by the Transportation Department for
operating purposes are proJected at $9.3 rnll1on. In addition,
operat1ng revenues generated by the Bus Lines (fares, charter,
advert1s1ng, lnterest and lease revenues) are est1mated to rema1n
relat1vply stable at appraxlmately $8.3 !l'l11l1on. ProJected
capltal expendltures in the amount of $2.0 rnlllon are fully
funded from subsidy sources.
The SRTP also projects the Hunlcipal Bus Llnes' capltal program
for the next three years, includlng fleet replacement, facllity
lrnproveMent, equipment rodernlzatlon and other capltal needs.
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Recommendation
City staff recommends that the Clty Councll:
1) Authorlze the Clty I'1a'lager to flle the requlred updates to
the Short Range Translt Plan; and,
2) Authorize the Clty Hanager to file applications for transit
subsldy funds made avallable by the Los Angeles County
Transportatlon COIDIDlsslon.
Prepared by: J. F. Hutchlson, Dlrector of T~ansportatlon
Stephanle Grlffln, Senlor Admlnlstratlve Analyst
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