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TO: |
Local Advisory Council |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Viola Miller, Chief Financial Officer |
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PRESENTER(S): |
Viola Miller, Chief Financial Officer |
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Daniel Hofer, Director of Capital Programs and Support |
TITLE:
title
Consultation on Proposed 2026-2030 Five-Year Capital Plan Amendment
end
AGENDA ITEM TYPE:
LAC - Consultation
RECOMMENDATION:
Consult and provide feedback regarding the proposed amendment to the 2026-2030 Five Year Capital Plan to reflect increased revenues and costs associated with two capital projects related to the purchase of Compressed Natural Gas (CNG) buses and Low-Emission Diesel buses.
BACKGROUND:
Board of Trustees Policy No. 2.1 Financial Planning requires the Executive Director to develop a 5-Year Capital Plan to be approved by the Board of Trustees after consultation with the Local Advisory Council (LAC). LAC consultation and Board approval are also sought when amendments to the approved plan are necessary.
DISCUSSION:
The following Amendment is proposed for consultation with the Local Advisory Council: modification to the existing 2026-2030 Five Year Capital Plan. The proposed Amendment will add $42,487,000 to the overall 2026-2030 Five Year Capital Plan.
2026-2030 Five Year Capital Plan
The proposed changes to the Five Year Capital Plan will update two capital projects related to the purchase of Compressed Natural Gas (CNG) buses and Low-Emission Diesel buses. These adjustments are necessary to incorporate the two recently awarded 5339(c) Federal Grants.
The combined award amount of these grants is $41.8 million (detailed below) which does not include the UTA required match of $7.4 million for a total funding amount of $49.2 million. Of the UTA local match amount, $6.7 million is previously planned match and already included in the current approved plan, leaving a needed additional match of $0.7 million; therefore, the amendment adds the remaining $42.5 million to the Capital Plan.
New Grant Award Funding Being Recognized
REV244- Clean Diesel Bus Purchase- 2025 5339(c) Grant: $20.5 million
REV245- CNG Bus Purchase- 2025 5339(c) Grant: $21.3 million
ALTERNATIVES:
If changes are needed, there may be delays in the acquisition of the service vehicles associated with this amendment.
FISCAL IMPACT:
2026-2030 Five Year Capital Plan
The impact to the Five Year Capital Plan will be an overall increase of $42,487,000 to the total Five Year Plan amount increasing from $1,069,129,000 to $1,111,616,000. This increase in expense will be offset by incorporating $41,805,200 in new- grant funds, and $681,800 in UTA funds.
The increase in grant funds is due to the recently awarded 5339 formula fund grants for the purchase of new CNG and low-emission buses, as described in the discussion section above.
ATTACHMENTS:
• 2026-2030 Five-Year Capital Plan Detail (Amendment 1)