1992 - 04-06-92 Regular Meeting - Laserfiche WebLink

Home Browse Search

vr„ 11 =139 • MEMORANDUM TO LEE COUNTY BOARD OF COMMISSIONERS March 24, 1992 Page Three PROJECTED COSTS AND FINANCING OF CONSOLIDATED SYSTEM 11 Exhibit 2 details the projected cost of operating the consolidated system in FY 1992-93; proposed costs are based on full year of operation. According to the implementation schedule, the administrative office for the Transportation Coordinator will be established first (July 1, 1992), with the six agencies beginning to buy service on a staggered schedule beginning on October 1, 1992. By December 1, 1992, all six agencies will have been consolidated into the system. Initially, it is proposed that existing agency funds be used to finance the system. The participating agencies would "buy" service from the Department for the Aging. Unfortunately, not all agency client transportation expenditures can be used for this purpose. Some current expenses relate to agency personnel, overhead, etc. that cannot be converted to funds for purchase of service. e FY 1992 - 93 Exhibit 3 also details the revenues that can be generated for the system. The potential gap in funding, estimated at $34,260, will be partially offset by a grant from the North Carolina Department of Transportation. A county cash match will be required. Lee County funds to begin the program are estimated to be $15,359. FY 1993 - 94 and Subsequent Years Beginning on July 1, 1993, Lee County will be eligible for additional NCDOT funding to implement the proposed consolidation program. NCDOT will make "Section 18" funding available to Lee County; this program can be used to pay for up to eighty (80%) of project administration costs. NCDOT will provide up to an additional ten (10%) percent in state matching funds. Lee County is required to pay the remainder, which can be made up of in-kind contributions. It is projected that Lee County will have greater than ten (10%) percent in-kind (See Exhibit 3). • 1-3