TO: AC Transit Board of Directors
FROM: Kathleen Kelly, Interim General Manager/Chief Executive Officer
SUBJECT: Application for Fiscal Year 2024-25 LCTOP Funds
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider adoption of Resolution No. 25-015 authorizing the Interim General Manager or her designee to file and execute applications and funding agreements with the California Department of Transportation (Caltrans) for allocations of the FY 2024-25 Low Carbon Transit Operations Program (LCTOP) funds for the Tempo Service Operating Assistance Project and the Fruitvale Corridor Transit Signal Priority Project, execute related Certifications and Assurances, and assign the Interim General Manager, or her designee, as the Authorized Agent for resulting LCTOP grants.
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
These LCTOP funds will support the Operating Budget and offset District Capital.
BUDGETARY/FISCAL IMPACT:
The District's annual share of these funds is $6,888,530. Additionally, this action includes $988,830 in cost savings from closed/closing projects.
Staff anticipates receiving the LCTOP allocations by December 2025. There is no matching requirement for these funds. The new funding will be included in the FY 2025-26 Operating Budget and the cost savings will be applied to Fruitvale TSP, which will reduce District Capital funds approved for the project.
BACKGROUND/RATIONALE:
The LCTOP program is administered by Caltrans and is funded by auction proceeds from the California Air Resource Board's (CARB) Cap and Trade Program, with proceeds distributed to transit operators annually using the State Transit Assistance (STA) formula.
The STA funding is distributed under two formula programs, with a portion of the funds distributed directly to transit operators based on their re...
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