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AG 2015 12 14
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AG 2015 12 14
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Last modified
12/15/2015 4:02:00 PM
Creation date
11/27/2017 10:40:27 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/14/2015
Board
Board of Commissioners
Meeting Type
Regular
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Cabarrus County Transit System Final Report - September 2015 <br />Of note is that CCTS has rarely needed to revise its budget, but when it does happen it is <br />almost always to cover operating expenses. Occasionally, the County will allocate additional <br />funds to CCTS at a later point in the year, as appears to have happened in 2014. CCTS has <br />never built up a reserve fund even though it is highly encouraged by NCDOT -PTD. <br />The County provides substantial financial support for COTS; on average 35 percent of <br />CCTS funding comes from local sources. The only request that has not been granted to <br />CCTS is for Cabarrus County to handle maintenance of CCTS vehicles in- house. <br />CCTS budget and expenses nearly cancel out every year. However, due to a drop in RGP <br />ridership in FY 2014, CCTS did not expend all allocated RGP funds and returned $23,272 <br />to the state. Due to decreases in the number of RGP trips over the past two years, CCTS <br />has not requested its full allocation of ROAP funding from the state for FY 2015. The close <br />inter - relation between CCTS and the County's financial support sometimes makes it <br />difficult to isolate the fully allocated costs of the transit trips (which is explored in the <br />following section). <br />Fully Allocated Funding Model <br />A Fully Allocated Cost Model (FACM) developed by ITRE /NCDOT -PTD was provided to the <br />consultant loaded with the most recent `actual expenses' that were available. Both vehicle - <br />miles and vehicle -hours cost and rate output are generated by the model, as follows: <br />Table 13: Fully Allocated Cost Model - FY 2015 <br />FY 2015 Fully Allocated Cost Model (FACM) - without in -kind and fleet information <br />Per Hour of <br />Cost and Rate Outputs - without Grants <br />Per Hour of <br />Per Mile of <br />Per <br />Per HR /PAX <br />Discounted <br />Service <br />Service <br />Passenger <br />of Service <br />Base Rate <br />$27.54 <br />$1.65 <br />$13.64 <br />$9.36 <br />Rate with Program Reserve <br />$27.54 <br />$1.65 <br />$13.64 <br />$9.36 <br />Rate with Capital Reserve <br />$27.54 <br />$1.65 <br />$13.64 <br />$9.36 <br />Rate w� Program & Capital Reserve <br />$27.54 <br />$1.65 <br />$13.64 <br />$9.36 <br />FY2015 Fully Allocated Cost Model (FACM) - with in -kind and fleet information <br />Cost and Rate Outputs - with Grants <br />Per Hour of <br />Per Mile of <br />Per <br />Per HR /PAX <br />Discounted <br />Service <br />Service <br />Passenger <br />of Service <br />Base Rate <br />$28.55 <br />$1.71 <br />$14.15 <br />$9.86 <br />Rate with Program Reserve <br />$28.55 <br />$1.71 <br />$14.15 $9.86 <br />Rate with Capital Reserve <br />$29.37 <br />$1.76 1 <br />$14.55 <br />$10.27 <br />Rate w� Program & Capital Reserve <br />$29.37 <br />$1.76 <br />$14.55 <br />$10.27 <br />The consultant generated a version of the model with in -kind expenses to explore the <br />possibility of using the documented in -kind contribution as a match for future grants. The <br />consultant conferred with ITRE to ensure that the rates looked reasonable. <br />Fares and Billing <br />Fares paid by the general public to CCTS are $3.00 per one -way trip and ADA trips are <br />$2.00 per one -way trip, regardless of distance. According to COTS, there has not been a <br />Attachment number 1 \n <br />F -3 Page 136 <br />
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