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Home My WebLink AboutAGENDA REPORT 2003 0820 CC REG ITEM 10JITEM � 0 & -0) Moorpark City Council AGENDA REPORT TO: Honorable City Council FROM: John Brand, Senior Management Analyst (0 DATE: August 4, 2003 (CC meeting of August 20, 2003) SUBJECT: Consider Resolution Authorizing the City's FY 2003/2004 Transportation Development Act Claim. BACKGROUND Each year the City Council is asked to approve a resolution authorizing the City Manager to submit a claim for the City's Transportation Development Act (TDA) funds. The City is required to file this claim annually in order to receive the funds. TDA revenue is generated from a Yv, sales tax that must first be spent on transit projects. After meeting any "unmet transit needs that could be reasonably met using TDA funds," the remaining local TDA funds may be used for streets and road related purposes. If approved, the City would claim its entire apportionment of $1,123,008. DISCUSSION The funds are apportioned to the ten cities and the county using a formula based on population. The City's FY 2003/2004 TDA apportionment is $1,123,008. This year's TDA apportionment is about $194,952 more than last year, when the FY 2002/2003 TDA apportionment was $928,056. Economic conditions and changing consumer spending habits affect the amount of TDA sales tax revenue that is generated. In FY 2001/2002 it was $1,052,297 and in FY 2000/2001, the TDA apportionment was $801,178. TDA revenue is the funding source for the City's transit system, including the Senior Dial -A -Ride and the ADA (Americans with Disabilities Act) Paratransit Dial -A -Ride that use subsidized taxicabs as the service provider, as well as the Moorpark City Transit fixed routes. Transit planning efforts by Community C F..., `.✓" q CC Meeting of August 20, 2003 Page 2 Services Department staff is also funded with TDA revenue. Capital costs, such as buses, are often funded with federal grants. Usually only the local matching funds (typically twenty percent) comes from TDA funds. TDA funds the City's share of the VISTA -East (Ventura Intercity Service Transportation Authority) regional bus. An annual $400,000 countywide contribution to Metrolink operating costs is taken "off the top" of TDA funds prior to apportioning the funds among the county jurisdictions, as are funds for the Ventura County Transportation Commission (VCTC). The carry over is used to reduce the amount of transit funds needed in the subsequent year. After transit expenses are met, the remainder is available for streets and roads. In anticipation of the City's annual TDA allocation, the TDA revenue from this claim and the associated expenditure of funds were included in the FY 2003/2004 budget. At time of budget preparation, staff estimated that apportionment would be $1,045,277, with Transit (8c) requiring $567,500 of the total TDA apportionment for the City, and the remaining TDA revenue going to the Street and Roads Fund (8a). The final TDA apportion amount available to the City is $77,731 more than the $1,045,277 anticipated. It is important to note that the TDA revenue apportionment does not necessarily match the City budget expenditure apportionment. This is due to annual carry -over of unspent TDA funds from year to year within the transit and streets and roads revenue accounts. By spending down the carry -over of transit funds from previous years, staff recommends that the City reduce its transit claim to $500,000. This, combined with the higher than expected apportionment, will afford a $145,000 increase in the 8a Streets and Roads revenue while still funding all of the transit expenditures approved in the budget. The claim can be considered for approval at this time, and the revenue budget adjustment will be made when the Council considers the midyear budget adjustment. STAFF RECOMMENDATION Adopt Resolution Nc claim for the City sign the claim for Attachment TDA Staff Report 2003 -2004 2003- , authorizing the FY 2003/2004 TDA of Moorpark, authorizing the City Manager to submittal to VCTC. RESOLUTION NO. 2003- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AUTHORIZING THE FILING OF A CLAIM FOR FISCAL YEAR 2003/2004 TRANSPORTATION DEVELOPMENT ACT FUNDS. WHEREAS, the Transportation Development Act (TDA) , as amended (Public Utilities Code Section 99200 et seq.), provides for the allocation of funds from the Local Transportation Fund and the State Transit Assistance Fund, for use by eligible claimants for various transportation purposes; and WHEREAS, pursuant to the provisions of the TDA, as amended, and pursuant to the applicable rules and regulations thereunder (Cal. Code of Regulations Sections 6600 et seq.) , a prospective claimant wishing to receive an allocation from the Local Transportation Fund or the State Transit Assistance Fund shall file its claim with the Ventura County Transportation Commission; and WHEREAS, the City has a need for these funds for both transit and street purposes in 2003/2004; and WHEREAS, the City is eligible for an estimated amount of $1,123,008 in Transportation Development Act Funds, Article 8 monies for Fiscal Year 2003/2004. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That the City Manager and or his designee is authorized to execute and file the City's 2003/2004 TDA Claim in the amount of $1,123,008, broken down as follows: 1. $623,008- Local Transportation Funds Article 8a (Streets and Roads) 2. $500,000 - Local Transportation Funds Article 8c (Transit) - - J TDA Reso Page 2 SECTION 2. The City Clerk is directed to transmit a copy of this resolution to the Ventura County Transportation Commission. SECTION 3. The City Clerk shall certify to the adoption of the resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 20th day of August, 2003. Patrick Hunter, Mayor ATTEST: Deborah S. Traffenstedt, City Clerk