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Cabarrus County Transit System Final Report - September 2015 Of note is that CCTS has rarely needed to revise its budget, but when it does happen it is almost always to cover operating expenses. Occasionally, the County will allocate additional funds to CCTS at a later point in the year, as appears to have happened in 2014. CCTS has never built up a reserve fund even though it is highly encouraged by NCDOT -PTD. The County provides substantial financial support for COTS; on average 35 percent of CCTS funding comes from local sources. The only request that has not been granted to CCTS is for Cabarrus County to handle maintenance of CCTS vehicles in- house. CCTS budget and expenses nearly cancel out every year. However, due to a drop in RGP ridership in FY 2014, CCTS did not expend all allocated RGP funds and returned $23,272 to the state. Due to decreases in the number of RGP trips over the past two years, CCTS has not requested its full allocation of ROAP funding from the state for FY 2015. The close inter - relation between CCTS and the County's financial support sometimes makes it difficult to isolate the fully allocated costs of the transit trips (which is explored in the following section). Fully Allocated Funding Model A Fully Allocated Cost Model (FACM) developed by ITRE /NCDOT -PTD was provided to the consultant loaded with the most recent `actual expenses' that were available. Both vehicle - miles and vehicle -hours cost and rate output are generated by the model, as follows: Table 13: Fully Allocated Cost Model - FY 2015 FY 2015 Fully Allocated Cost Model (FACM) - without in -kind and fleet information Per Hour of Cost and Rate Outputs - without Grants Per Hour of Per Mile of Per Per HR /PAX Discounted Service Service Passenger of Service Base Rate $27.54 $1.65 $13.64 $9.36 Rate with Program Reserve $27.54 $1.65 $13.64 $9.36 Rate with Capital Reserve $27.54 $1.65 $13.64 $9.36 Rate w� Program & Capital Reserve $27.54 $1.65 $13.64 $9.36 FY2015 Fully Allocated Cost Model (FACM) - with in -kind and fleet information Cost and Rate Outputs - with Grants Per Hour of Per Mile of Per Per HR /PAX Discounted Service Service Passenger of Service Base Rate $28.55 $1.71 $14.15 $9.86 Rate with Program Reserve $28.55 $1.71 $14.15 $9.86 Rate with Capital Reserve $29.37 $1.76 1 $14.55 $10.27 Rate w� Program & Capital Reserve $29.37 $1.76 $14.55 $10.27 The consultant generated a version of the model with in -kind expenses to explore the possibility of using the documented in -kind contribution as a match for future grants. The consultant conferred with ITRE to ensure that the rates looked reasonable. Fares and Billing Fares paid by the general public to CCTS are $3.00 per one -way trip and ADA trips are $2.00 per one -way trip, regardless of distance. According to COTS, there has not been a Attachment number 1 \n F -3 Page 136