TO: AC Transit Board of Directors
FROM: Kathleen Kelly, Interim General Manager/Chief Executive Officer
SUBJECT: Application for FY 2025-26 Operating Funds
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider adoption of Resolution No. 25-014 authorizing the Interim General Manager, or her designee, to file and execute applications and funding agreements with the Metropolitan Transportation Commission (MTC) for Fiscal Year (FY) 2025-26 allocations of Transportation Development Act (TDA), State Transit Assistance (STA), Assembly Bill 1107 (AB 1107), Regional Measure 2 (RM2) bridge toll revenues and Regional Measure 3 (RM3) bridge toll revenues.
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
This is an annual application for funds that together contribute up to a third of the District's operating revenues each year.
BUDGETARY/FISCAL IMPACT:
Approval of Resolution 25-014 would allow AC Transit to apply for and receive up to approximately $189.2 million in operating funds for FY 2025-26. The exact amount each funding source provides will vary based on adjustments from the relevant collecting agencies. The funding details are provided in Table 1.
BACKGROUND/RATIONALE:
Each fiscal year, AC Transit submits a combined application to MTC for allocation of multiple formula-based funds that support the District's operating budget. This combined application for allocation of multiple operating funds is often referred to as AC Transit's annual "operating claim". The amount applied for is based on a fund estimate developed by MTC in early spring and is often refined over the course of the year as revenues are realized.
Based on MTC's fund estimate, AC Transit's FY25-26 "operating claim" will be:
Table 1: FY 2025-2026 "Operating Claim" Revenues
Fund Source
FY25-26 Amount
Change over FY24-25
T...
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