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TD:JFH:SGjf:trans\users\jackie\srtpsr Santa Monica, California
Council Meeting: March 21, 1995
TO: Mayor and City Council
FROM: City Staff
SUBJECT: Authorize the City Manager to File Updates to the Short
Range Transit Plan and Applications for Funds
Introduction
This report requests that the city Council authorize the City
Manager to file a Short Range Transit Plan (SRTP) update to
permit the Santa Monica Municipal Bus Lines to remain eligible
for federal and state transit funds. In addition, this report
requests that the City Council authorize the city Manager to file
applications for funds based on the SRTP.
Backaround
In accordance with the requirements of the Los Angeles County
Metropolitan Transportation Authority (MTA), the Southern
California Association of Governments (SCAG) and the Federal
Transit Administration (FTA) , every three years the City must
file a Short Range Transit Plan (SRTP) in order to remain
eligible for federal and state funding assistance. The SRTP
examines existing services, serves as justification for future
projects and presents a four-year financial plan for the Santa
Monica Municipal Bus Lines.
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MAR 2 1 1995
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A complete SRTP for fiscal years 1994-1997 was adopted by the
City council on March 23, 1993. This year and last, the MTA and
FTA required updated financial and operating information only. A
complete Plan will again be prepared in 1996.
Financial Analvsis
The Municipal Bus Lines' financial plan utilizes funding
projections based on its share of MTA's projected county-wide
formula allocation of transit funds for fiscal years 1995-96
through 1998-99. For FY 1995-96, the formula allocation funds to
be used by the Transportation Department for operations are
projected at $10.3 million. In addition, local operating
revenues (fares, charter, advertising, interest, lease and
Proposition A Local Return revenues) are estimated at $8.4
million. Projected capital expenditures in the amount of $4.7
million are fully funded from subsidy sources.
Financial projections to be submitted for fiscal year 1995-96
will serve as the basis for preparation of the Transportation
Department budget, which will be considered by the city Council
during the City budget process. Fiscal years beyond 1995-96 will
again be addressed in next year's SRTP and in future City
budgets.
Budqet/Financial Imoact
There are no immediate budget or financial impacts associated
with the recommendations contained in this report.
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Recommendation
city staff recommends that the City Council:
1) Authorize the City Manager to file the required Short Range
Transit Plan updates with the Los Angeles County Metropolitan
Transportation Authority and the Southern California Association
of Governments.
2) Authorize the City Manager to file applications for transit
subsidy funds made available by the Los Angeles County
Metropolitan Transportation Authority.
Prepared by: J. F. Hutchison, Director of Transportation
S. Griffin, Senior Administrative Analyst
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