SR-6-K (80)
61\
TD:JFH:SG/f:trans\users\jackie\srtpsr Santa Mon1ca, Cal APAJi2 1994
council Meeting: April 12, 1994
TO: Mayor and city council
FROM: city Staff
SUBJECT: Authorize the C1ty Manager to File Updates to the Short
Range Transit Plan and Applications for Funds
Introduction
This report requests that the C1ty Council authorize the City
Manager to file a Short Range Transit Plan (SRTP) update to
permit the Santa Monica Municipal Bus Lines to rema1n eligible
for federal and state transit funds. In add1t1on, this report
requests that the City council authorize the City Manager to file
applications for funds based on the SRTP.
Background
In accordance with the requirements of the Los Angeles County
Metropolitan Transportation Authority (MTA) , the Southern
Ca11forn1a Association of Governments (SCAG) and the Federal
Transit Admin1strat1on (FTA) , every three years the City must
file a Short Range Transit Plan (SRTP) 1n order to remain
eligible for federal and state fund1ng assistance. The SRTP
examines existing services, serves as justificat10n for future
projects and presents a four-year financial plan for the Santa
Monica Municipal Bus L1nes.
- 1 - i 6:K!mi
,
A complete SRTP for fiscal years 1994-1997 was adopted by the
City Council on March 23, 1993. This year and next, the MTA and
FTA require updated financial and operating information only.
Flnancial Analysis
The Municipal Bus Lines' flnancial plan utilizes funding
projections based on its share of MTA's projected county-wide
formula allocation of transit funds for fiscal years 1994-95
through 1997-98. For FY 1994-95, the formula allocation funds to
be used by the Transportation Department for operations are
projected at $10.3 mlllion. In additlon, local operating
revenues (fares, charter, advertlsing, interest, lease and
Proposition A Local Return revenues) are estimated at $8.2
million. PrOJected capital expendltures ln the amount of $5.1
mllllon are fully funded from subsidy sources.
Financial projections to be submitted for fiscal year 1994-95
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 1994-95 wlll
again be addressed in next year's SRTP and in future City
budgets.
BUdget/Financial Impact
There are no immediate budget or financial impacts associated
with the recommendations contained in this report.
- 2 -
Recommendation
city staff recommends that the City Council:
1) Authorize the City Manager to flle the requlred Short Range
Transit Plan updates with the Los Angeles County Metropolitan
Transportation Authority and the Southern California Association
of Governments.
2) Authorize the Clty 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 Transportatlon
S. Griffln, Senlor Administrative Analyst
- 3 -