Loading...
HomeMy WebLinkAboutAGENDA REPORT 1993 0616 CC REG ITEM 11EITEM �r. E• ACTION; j AGENDA REPORT CITY OF MOORPARK Qy TO: Honorable City Council FROM: Mary K. Lindley, Assistant to the City ManagerftJ-%- DATE: June 11, 1993 (CC meeting of June 16) SUBJECT: Extend Contract for Transit services with Antelope Valley Bus for Fiscal Year 1993/94 Background The City currently contracts with Antelope Valley Bus for transit services. The service consists of one 21 passenger bus that loops the City once every hour. Staff proposes that the contract with Antelope be renewed for FY 1993/94. The cost to the City for its transit services in fiscal years 1991/92 and 1992/93 was $91,600 annually. Transportation Development Act (TDA) funds were used to cover the cost of the transit service contract. As requested by the City, Antelope Valley Bus Service purchased a newer 21 passenger bus with wheelchair lift and air conditioning at no cost to the City. The cost of the City's transit service will increase 3% in 1993/94 to $93,900. In addition, the revenue collected from the bus fare is projected be approximately $8,000 in 1993/94. As you may recall, State regulation for the use of TDA funds require transit operators to meet the mandated fare box return by the third year of operation. The mandated fare box return ratio for the City is 14.9 %. If a jurisdiction fails to meet its fare box return ratio, it must make up the dollar difference with General Funds in the fourth year and every year thereafter, until it meets its goal. It's important to note that most jurisdictions do not meet their fare box return goals, as is the case with the other transit operators in Ventura County. Antelope Valley Bus Contract June 11, 1993 Page 2 Year three for Moorpark's transit service is FY 1992/93 and the City's can anticipate reaching fare box return ratio of 10 %. If the City wishes to continue to operate its transit system using TDA funds in FY 1993/94, it needs to allocate General Fund money to stay in compliance with TDA regulations. Staff proposes using $88,100 in TDA funds and $5,800 from the City's General Fund to pay for the transit service. Pending actual fare box return in June 1994, this funding allocation should meet TDA compliance. If the actual 1993/94 fare box return is lower then the City's estimate, additional General Funds will be required to make up the difference. Recommendation (roll call vote) Staff recommends that Council authorize the Mayor to sign a contract with Antelope Valley Bus, at a cost not to exceed $93,900, and allocate $88,100 in TDA funds and $5,800 in City General Funds for transit service in fiscal year 1993/94.