TO: AC Transit Board of Directors
FROM: Salvador Llamas, General Manager/Chief Executive Officer
SUBJECT: ACTC Master Program Funding Agreement
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider authorizing the General Manager, or his designee, to execute a Master Program Funding Agreement (MPFA) with the Alameda County Transportation Commission (ACTC), for the programming and allocation of Measure BB and Vehicle Registration Fees (VRF).
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
The Master Program Funding Agreement (MPFA) enables the District to receive annual Direct Local Distribution (DLD) funds without additional agreements and provides reliable timing for these key operating funds.
BUDGETARY/FISCAL IMPACT:
There is no direct fiscal impact. The Master Program Funding Agreement is a baseline funding agreement that enables annual funds to be received without additional administrative agreements.
BACKGROUND/RATIONALE:
Alameda County Transportation Commission (ACTC) administers Measure B, Measure BB, and VRF Programs directly to eligible jurisdictions, including AC Transit, by a prescribed distribution formula in the respective Transportation Expenditure Plans. These formula-based funds are known as Direct Local Distribution (DLD) funds. These funds are distributed annually to the District for transit and paratransit needs.
In 2016, the District entered into ten-year Master Program Funding Agreements (MPFAs) with ACTC for DLD funds. The current MPFA is set to expire on June 30, 2026. To ensure the continued and uninterrupted distribution of formula funds, ACTC is working with the District to execute an updated agreement by June 30, 2026.
The new agreement does not contain significant functional changes from the prior agreement. The new agreement extends the agreement ...
Click here for full text