4.A.14-2

Transcription

1 4.A.14-1

2 4.A.14-2

3 Administration and Projects Committee STAFF REPORT Meeting Date: June 2, 2016 Subject Summary of Issues FY Proposed Budget for the Contra Costa Transportation Authority and Congestion Management Agency (CMA) The FY Proposed Budget of $209.9 million is presented this month for review and comment by the APC. The budget includes: Expenditures of $209.9 million, including $116.4 million for projects; $57 million for congestion management, planning, and programs; $34.5 million for debt service; and $2 million for administration. Revenues of $121.5 million, including $35.7 million (17% of all revenues) from Federal, State and local sources, $84.9 million of sales tax revenues and $1 million of interest and other income. Bond proceeds of $45.5 million for capital projects. Other funding sources of $42.9 million, (prior year sales tax revenue programmed for specific projects and programs), which include $35.3 million for ongoing Measure J projects and programs and $7.6 million for Measure C projects. Recommendations Financial Implications Options Attachments (See APC Packet dated 6/2/16) Changes from Staff seeks APC recommendation for Authority approval of Resolution A adopting the Authority s following a public hearing on June 15, As discussed herein. The APC could direct revisions to the budget or request more information. A. Proposed Authority Budget for FY B. Resolution A The APC recommended approval of this item with minor updates to the 4.A.14-3

4 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 2 of 12 Committee staff report. Background The budget is a fiscal plan of revenues and expenditures, including funding sources for annual operations and capital expenditures consistent with the Authority s adopted Measure C and Measure J Strategic Plans. The Authority adopts an annual budget each June for the upcoming fiscal year that begins on July 1 st. The next step in the budget process is for the APC to receive and recommend the Proposed Budget which includes two changes since the presentation in May. The first change includes a reduction of $1,574,000 associated with the transfer of Regional Measure 2 (RM2) grant funds related to the Caldecott Tunnel to be completed in FY and the change in title for the position of Program Manager to Director of Programs. The Authority s proposed budget is $209.9 million for FY Staff will present an overview of the proposed budget, receive comments and return on June 15, 2016 to seek a recommendation for approval by the Authority Board following a public hearing. The Proposed Budget includes anticipated revenues and expenditures for next year in addition to the appropriation of prior year bond proceeds, Measure C and Measure J funds programmed to specific projects and programs. Sources: FY 2016 FY 2017 Change Sales Tax Revenues $ 82,400,000 $ 84,872,000 $ 2,472,000 Federal Revenues 5,070,806 4,165,546 (905,260) State Revenues 9,200,991 12,695,649 3,494,658 Local Revenues 45,398,826 18,798,720 (26,600,106) Investment/Other Income 957, ,000 40,000 Bonds Proceeds 80,495,678 45,500,000 (34,995,678) Other Sources 12,636,185 42,910,402 30,274,217 Total Sources $ 236,159,486 $ 209,939,317 $ (26,220,169) Uses: Proposed Projects Section $ 142,138,163 $ 116,405,741 $ (25,732,422) Programs Section 54,488,676 51,975,910 (2,512,766) Planning Section 7,915,963 5,014,681 (2,901,282) Administration Section 2,171,684 2,063,785 (107,899) Debt Service 29,445,000 34,479,200 5,034,200 Total Uses $ 236,159,486 $ 209,939,317 $ (26,220,169) 4.A.14-4

5 Additional detail of the above sources and uses are as follows: Sources Administration and Projects Committee STAFF REPORT June 2, 2016 Page 3 of 12 Sales Tax Revenues projected to be $84.9 million: This represents an increase of 3.0% compared to the budgeted sales tax revenue of $82.4 million for FY The first half of the fiscal year resulted in an increase of 6.2% over last year with growth in retail, construction and heavy equipment, auto sales and restaurants as consumers increased spending. The addition of sales tax associated with online sales continues to show improvement. However, the reduction of gas prices remains to be an impact. Contra Costa Transportation Authority Sales Tax Sectors Year to Year Comparison of Six Months Sales Tax Sectors FY2015 FY2016 $ Change % Change Retail Stores $ 8,148,700 $ 8,505,952 $ 357, % Construction & Heavy Equipment 5,134,296 5,513, , % Gas 3,958,806 3,387,353 (571,453) % Auto 4,845,444 5,405, , % Restaurant 3,780,775 4,206, , % Non-retail 601, , , % Grocery 1,581,021 1,608,600 27, % Office Equipment & Furniture 2,187,559 2,353, , % Public Utilities 1,591,638 1,619,222 27, % Top 15 $ 31,830,054 $ 33,363,628 $ 1,533, % Remaining 85 $ 9,567,308 $ 10,598,332 $ 1,031, % Total All $ 41,397,362 $ 43,961,960 $ 2,564, % Based on sales tax trends and current economic drivers, sales tax increases are expected to continue through calendar year 2016 and into The county is continuing to see increases in population growth and a reduction in the unemployment rate to 4.5%. The Consumer Price Index (CPI) increase was 3.2% for the calendar year Contra Costa County is poised for continued growth in the retail, workforce and housing industries. The strong economy in Contra Costa has resulted in consumers purchasing retail goods and larger items such as new automobiles and home improvements. Although gas prices have reduced, we continue to see increases in other categories. 4.A.14-5

6 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 4 of 12 Federal Revenues projected to be $4.2 million, including the following: Federal Demonstration Program revenues of $1.7 million, including $0.87 million to fund corridor study costs for the State Route 239 (SR239) project and $0.8 million to fund construction costs associated with Interstate 80 (I-80) San Pablo Dam Road Interchange Improvements. Federal Surface Transportation Program (STP) revenues of $0.16 million to fund planning costs related to deploying the SR4 Integrated Corridor Management (ICM). Federal STP revenues for CMA activities of $2.3 million, including $0.8 million from the Metropolitan Transportation Commission (MTC) for the Congestion Monitoring Program (CMP) support and $1.4 million for the new Planned Development Area (PDA) Investment and Growth Strategy. Congestion Mitigation and Air Quality (CMAQ) revenues of $0.22 million to fund continued participation in a three-county Real-time Ridesharing Pilot Program and the ongoing Commute Alternative program. State Revenues projected to be $12.3 million, including the following: State-Local Partnership Program (SLPP) revenues of $0.8 million for construction costs related to the SR4 East Widening. State Transportation Improvement Program (STIP) revenues of $9.3 million for costs of the I-80 San Pablo Dam Road Interchange Improvements. Transportation for Clean Air (TFCA) revenues of $1.5 million for TFCA support, activities and the Regional Rideshare program. State Transportation Planning, Programming, and Monitoring (PPM) revenues of $0.6 million to fund CMA activities associated with STIP and STP project monitoring and programming. 4.A.14-6

7 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 5 of 12 Local Revenues projected to be $19.2 million, including the following: RM2 revenues of $8.1 million, including construction costs of $1.1 million for SR4 East Widening, $1.9 million for Caldecott Tunnel 4th Bore, $0.7 million for the I-80 San Pablo Dam Road Interchange Improvements and $4.5 million for the I-680 Carpool Lane. Bay Area Toll Authority (BATA) revenues of $3.6 million, including $0.6 million for construction of SR4/SR160 Connector Ramps and $3 million for the I-680 Carpool Lane. East Contra Costa Regional Fee and Financing Authority (ECCRFFA) revenues of $0.4 million for utilities and construction of SR4/Balfour Road Interchange. Contributions from local Agency revenues of $6.1 million, including $5.9 million loan payback from Danville s Tri-Valley Transportation Development Funds on I-680 Auxiliary Lane Segment 2 for the I-680/SR4 Interchange and $0.2 million from Contra Costa County for the SR239 study. Investment Income projected to be $1.0 million or earnings on the Authority s cash portfolios: This represents an increase of $40,000 from the prior year. Bond Proceeds projected to be $45.5 million to fund Measure J capital project expenditures not funded from other sources: The Authority issued the 2015A sales tax revenue bond in October of 2015 generating $100 million in bond proceeds. Current projections estimate a balance of $45.5 million in proceeds remaining for capital projects in FY Issuing bonds is essential to accelerate project delivery compared to pay-as-you-go financing that otherwise would require many years to accumulate the resources necessary to fund large projects. Other Sources projected to be $42.9 million, including prior year revenues of the following: These other sources are the constant accumulation of sales tax revenue collected in prior years programmed to specific projects and programs as outlined in the adopted Measure J and Measure C strategic plans. The funds are tracked and restricted specifically for carrying out the particular project or program. The FY projects, planning and programs have sufficient resources available to fund these planned expenditures. Measure J expenditures exceed current year revenue projections by $33.7 million and will utilize current and prior year funding available and programmed for these specific planned project and programs. The projects, programs and The highlights include: 4.A.14-7

8 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 6 of 12 o $30.2 million for Capital Projects. o $0.3 million for Congestion Management, Transportation Planning, Facilities. o $2.6 million for Transportation for Livable Communities Project Grant projects. o $1.0 million for Pedestrian, Bicycle and Trail Facilities. o $0.5 million for Subregional Transportation Needs. o $1.2 million for Safe Transportation for Children. o $1.5 million for Express Bus, Bus and Paratransit Services. Measure C capital project expenditures will utilize accumulated revenues of $7.6 million to fund remaining Measure C projects. Uses Projects Section projected to be $116.4 million, including the following: Project Management expenditures of $2.1 million for related salaries and benefits, supplies and support for ongoing and new projects. This includes a decrease of $107,000 from the prior year for project management as a result of reallocation of staff time to alternate programs and an increase of $53,000 for contract services related to project management administrative functions, continued program support and services for the Intelligent Transportation Systems/Connected Vehicle (ITS/CV) and for GoMentum Station. Capital Project expenditures of $114.3 million for the estimated project expenditures anticipated during the FY The project expenditures for next fiscal year by category or corridor are as follows: Contra Costa Transportation Authority Planned Project Activities for FY Category or Corridor Amount Description Caldecott Tunnel (CIP1-9625) $3,342,685 The plant establishment work for the landscaping contract will continue on the Caldecott Tunnel Fourth Bore (Project 1001). Additional improvements that are a part of the Berkeley/Oakland agreement will continue. 4.A.14-8

9 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 7 of 12 Category or Corridor Amount Description BART East County Corridor Rail Extension (CIP2-9626) SR4 East Widening (CIP3-9627) Capital Corridor Rail Station Improvements (CIP4-9628) East County Corridors (CIP5-9629) I-680/SR242 Interchange Improvement (CIP6-9630) $17,018,555 Construction will largely be completed on the Maintenance Facility. Rail and other work in the median will be ongoing as part of Agreement No Elements of the station entry house at Hillcrest will continue and the vehicles will start arriving for the East County Rail Extension ebart (Project 2001). $5,046,300 For the SR4 Widening Project Somersville Road to SR160 (Project 1407/3001) construction closeout will occur on Segment 2 (Contra Loma/G Street), Segment 3A (Lone Tree Way/A Street) and Segment 3B (Hillcrest Avenue). Landscape design will continue with some possible phased installation (given drought restrictions) for the SR4 corridor. Additionally, Right-of-Way (ROW) closeout activities will occur for the Loveridge Road to Somersville (Projects 1406/3003) and Somersville Road to SR160. $4,413,394 Construction will continue for the Hercules Rail Station (Project 4001). $29,361,804 Construction closeout will finish for the SR4 Bypass/SR160 Ramp Connectors (Project 5001). Utility relocation will continue and construction will start for the SR4 Balfour Road Interchange (Project 5005). $454,985 Environmental clearance work will finish for the SR242/Clayton Road Southbound (SB) and Northbound (NB) ramps (Projects 6002 and 6004). Design work will continue and utility relocation work will start for the I-680/SR4 interchange, Phase 3 (Projects 1117/6001). 4.A.14-9

10 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 8 of 12 Category or Corridor Amount Description I-80 Improvements (CIP7 9631) I-680 Corridor (CIP8-9632) Richmond Parkway (CIP9-9633) BART Improvements (CCMP ) Subregional Major Streets Improvements (SPP ) $14,195,775 Utility relocations will finish and construction for the first phase will continue for the I-80/San Pablo Dam Road Interchange Improvements (Project 7002). Design will finish and construction will begin for the I- 80/Central Avenue Interchange Improvements (Project 7003). $8,013,968 Design work will continue for the I-680 SB High Occupancy Vehicle (HOV) Completion (Project 8001) now combined with the I-680 Express Lanes Project. Environmental work will finish and design work will continue for the I-680 North Segment Express Lanes Conversion (Project 8001). $881,237 Construction of Phase 2 for the Richmond Parkway Lighting (Project 9002) will occur pending securing additional funds. $7,532,156 Construction work will begin on several BART projects: Pleasant Hill BART Station Improvements (Project ), Walnut Creek Station TOD (Project ), Concord BART Plaza Redesign (Project ) and El Cerrito del Norte BART Station Modernization (Project ). $9,012,758 Design, ROW activities and/or construction will occur on several projects: Kirker Pass NB Truck Climbing Lane (Project 24004), Olympic Boulevard/Reliez Station Road (Project 24010), Rheem Boulevard Landslide Repair and Repaving (Project 24015), Clayton Road Bridge Replacement (Project 24016), Ivy Drive Pavement Rehabilitation (Project 24018), Clayton Road/Treat Boulevard/Denkinger Road Intersection Capacity Improvements (Project 24028), and Alhambra Creek Bridge (Project 24031). 4.A.14-10

11 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 9 of 12 Category or Corridor Amount Description Subregional Martinez Railroad Improvements (SPP ) I-680 Corridor (HAA1-9551) Regional Commuterway (TRAN9-9572) $553,295 A portion of the Martinez Intermodal Station Phase 3 (Projects 4002/27001) is also funded from this category. $13,152,440 Work that was postponed (due to drought restrictions) will finish on the landscaping phase of the I-680 Auxiliary Lanes, Segment 2 (Project 1106S2). Design and ROW will continue and utility relocation work will begin for the I-680/SR4 Interchange Improvements, Phase 3 (Projects 1117/6001). (Measure C). $102,500 The SR4 Widening, Somersville Road to SR160 (Projects 1407/3001) will finish the construction closeout (a portion is funded from this category of Measure C). (Tran II or 9581) $636,870 Construction will begin on the Atlas Road Bridge (Project 3111). (Measure C). Program Section projected to be $52 million: Program funding as outlined in the Expenditure Plan for a range of programs including Bus Services 8.4%, Commute Alternatives 1.0%, Paratransit 6.15%, Local Streets and Roads 20.09%, Express Bus 4.3%, and Safe Transportation for Children 4.55%, Transportation for Livable Communities Project Grants (TLC) 4.0%, Pedestrian, Bicycle and Trail Facilities (PBTF) 1.54%. Planning Section projected to be $5 million: Required services as the designated CMA for Contra Costa County per a Joint Powers Agreement with local jurisdictions. The CMA budget was approved by the Authority for circulation to the region s Public Managers Association (PMA) in April 2016 with the estimated local contribution to be $390 thousand. The PMA approved the proposed CMA budget on April 14, The highlights of the CMA budget include: $0.3 million for public outreach related to the 2016 Countywide Transportation Plan (CTP) and development of a new transportation expenditure plan; 4.A.14-11

12 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 10 of 12 $0.1 million to update the Action Plans to address SB 743 requirements; $0.16 million for CMP support and monitoring; $0.14 million for the completion of the Countywide Express Bus Study, Safe Routes to School (SR2S) Needs Assessment and Real Time Ride Sharing studies and programs; $0.15 million for the completion of the 2016 CTP Update Environmental Impact Report (EIR); $1.5 million for PDA-related planning studies managed by CCTA on behalf of MTC. Administrative Section projected to be $2.1 million, including the following: Administrative salaries and benefits of $688,185. This represents 0.81%, which is below the 1.0% limitation on administrative salary and benefits costs established by Measure J. Services and supplies of $1.4 million. The budget includes a $12,000 increase for the annual increase in the office lease and a decrease in several categories: $50,000 for professional services, $30,000 for temporary services and $10,000 in travel. The other expenditure categories include consultants, attorney fees, staff development, memberships, travel costs and office supplies. Debt Service projected to be $34.5 million to pay principal and interest on the Authority s bonds: The principal payment will be $15.3 million and the interest payment will be $19.2 million. Staffing Budget Discussion On April 15, 2015, the Authority approved Resolution (15-06-A) establishing the staff positions, salary ranges, and benefits for July 1, 2015 through June 30, The budget has been adjusted accordingly and increased by $0.17 million to $4.8 million for all Authority administrative, projects and program staffing based on the following information: Authorized full time equivalent positions remains at 20 (no new positions). The Authority s contribution rate for the employee s CalPERS Pension and Other Post Employment Health Care Benefits (OPEB) reflect no increases in contribution rates for FY Authorized CPI increase to salary ranges (not actual salaries) of 3.2%. This represents an increase of $0.17 million in salaries and benefits. Actual salary increases are approved by the Executive Director during the annual employee review process that takes into 4.A.14-12

13 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 11 of 12 account performance, job growth, added responsibilities and goals. This annual process is completed in July. Title change for the position of Program Manager to Director of Programs to clearly define the role of this position within the Authority. An allocation of staff time was developed for the budget (see Exhibit 8: Staff Budget Allocation). The allocation plan estimates the proportion of each staff member s time assigned to each of the Authority tasks and funding source. Staff costs are apportioned to departments (or orgs), such as administration, project management, programs, projects, and planning functions. Budget Control Policy The control threshold is 5% for operations and 10% for projects and programs consistent with Resolution A. For example, salaries and benefits (budget category level) cannot exceed the salaries and benefits amount in the adopted budget by 5% (or $5,000, whichever is greater). For projects and programs, the budget control is at the project category level since it can include several contracts or agreements. For example, SR4 East Widening CIP3 (project category level) cannot exceed the final annual expenditures in CIP3 by the amounts set in the budget by more than 10% (or $10,000, whichever is greater). Description of Exhibits Exhibit 1 is a table showing Revenues, Expenditures, and Changes in Fund Balance for All Fund Types combined. Exhibit 2 is a table showing Revenues, Expenditures, and Changes in Fund Balance by Each Fund Type separately. Exhibit 3 is a revenue line item budget detail for all funds. Exhibit 4 is an expenditure line item budget detail for Programs including Local Street Maintenance & Improvements 18.0% return to source funds. Exhibit 5 shows the line item expenditure budget detail for Projects. Measure C and Measure J projects are shown separately. Exhibit 6 is an expenditure line item budget detail for General Administration and Project Management. Authority-wide Services, Supplies, and Fixed Assets are usually contained in the Administration category. 4.A.14-13

14 Administration and Projects Committee STAFF REPORT June 2, 2016 Page 12 of 12 Exhibit 7 shows the line item expenditure budget detail for the CMA sections: Regional Planning and Growth Management, Congestion Management, and SCS Implementation. Exhibit 8 is the Staff Budget Allocation to the respective categories, funding source, and budgeted amounts. Exhibit 9 is the Salary & Benefits Budget Detail. Next Steps Following APC comments and direction, the Proposed Budget for FY will be presented to the Authority Board on June 15 th following a public hearing. 4.A.14-14

15 REVENUES Contra Costa Transportation Authority Exhibit 1: Summary Revenues, Expenditures, and Changes in Fund Balances All Fund Types - Combined Actual Original Amended Proposed Change (as of March 2016) (2)-(1) FY FY FY FY Increase Budget Budget (1) Budget (2) (Decrease) Sales Tax Revenues $ 79,454,678 $ 82,400,000 $ 82,400,000 $ 84,872,000 $ 2,472,000 Investment Income 1,128, , , ,000 40,000 Federal Surface Transportation Program - CMA 1,153,863 1,509,918 1,719, ,000 (901,789) Federal Surface Transportation Program - SR4 ICM Study - 200, , ,000 (40,000) Federal Surface Transportation Program - PDA Investment & Growth Strategy - 1,500,000 1,500,000 1,440,000 (60,000) Federal Surface Transportation Program - Climate Change Grant 455, , ,017 22,088 (238,928) Federal - VPPP Real Time Rideshare 10, , ,000 51,540 (238,460) Federal Surface Transportation Program - SCS 22, Federal Demonstration Program Funds (SR 239 Study) 1,036, ,000 1,100, ,918 (226,082) Federal Transit Administration New Freedom Funds - 96, Corridor Mobility Improvement Account (SR4 East Widening) 1,342,430 1,000, Corridor Mobility Improvement Account (East County Corridor SR4 Bypass) 3,249, Congestion Mitigation and Air Quality Imp Program - 70,000 70,000 70,000 - State Local Partnership Program (ebart) 1,322,875 1,700,000 2,000, ,000 (1,200,000) State Transportation Improvement Program (I-80) - 4,000,000 4,700,000 9,300,000 4,600,000 State Planning, Programming and Monitoring (PPM) 865, , , ,021 (139,955) State Community Based Transportation Plan (PDA Planning) ,000 60,000 Contributions from CMA Member Agencies 119, , , , ,745 Motor Vehicle Registration Surcharge (TFCA) 1,411,400 1,453,198 1,453,198 1,461,066 7,868 Regional Measure 2 (Caldecott Tunnel 4th Bore) 5,842,988 1,000, ,500 1,940,241 1,177,741 Regional Measure 2 (Route 4 East Commuterway) 1,259, Regional Measure 2 (SR 4 East Widening) 6,399,762 4,500,000 16,375,000 1,100,000 (15,275,000) Regional Measure 2 (I-680 Carpool Lane Gap Closure) 2,203,240 7,300,000 4,000,000 4,500, ,000 Regional Measure 2 (I-80) 1,130,166 2,900,000 3,800, ,000 (3,150,000) Bay Area Toll Authority (SR4/160) 19,492,476 11,260,000 15,385, ,000 (14,760,000) Bay Area Toll Authority (I-680 Carpool Lane) ,000 3,000,000 2,900,000 Contributions from City of Antioch (SR 4 East Widening) 321, , ,000 - (460,000) Contributions from Contra Costa County (SR 239 Study) 185,674 80,000 85, , ,907 Contributions from ECCRFFA (East County Corridor SR4 Bypass) 1,030,115 5,000,000 3,500, ,000 (3,135,000) Contributions from West Coast Home Builders (SR 4 Bypass) 52,172-45,040 - (45,040) Contributions from Town of Danville (I-680) 6,520, ,880,000 5,880,000 Contributions from Hercules (Rail Station) 960, , ,714 - (295,714) Escrow Account: Earnings and Rental Income 138, , , ,000 - Excess Land Sale - 500, , ,000 (70,000) Miscellaneous Revenues 125 2,000 2,000 2,000 - Total Revenues $ 137,110,252 $ 129,937,990 $ 143,027,623 $ 121,528,915 $ (21,498,708) 4.A.14-15

16 Exhibit 1: Summary Revenues, Expenditures, and Changes in Fund Balances All Fund Types - Combined EXPENDITURES Actual Original Amended Proposed Change (as of March 2016) (2)-(1) FY FY FY FY Increase Budget Budget (1) Budget (2) (Decrease) General Administration Salaries and Employee Benefits OTH29/Admin17 $ 2,834,289 $ 703,632 $ 709,084 $ 688,185 $ (20,899) Services, Supplies, and Capital Outlay OCP18d 1,408,817 1,522,600 1,462,600 1,375,600 (87,000) Projects Section Project Management Salaries and Benefits OTH40 1,178,833 1,637,018 1,816,508 1,709,118 (107,390) Project Management Services and Supplies OTH40 52, , , ,500 53,000 Highway and Arterial Projects I-680 Corridor HAA1 5,017,374 8,768,000 5,076,365 13,152,440 8,076,075 Rt. 4 East Corridor HAA3 5, ,000 1,000 Rt. 4 West Corridor HAA4 20,437 23,000 10,497 9,401 (1,096) Gateway/ Lamorinda Projects HAA5 88,081 20, ,641 - (173,641) Major Arterial Projects HAA , ,000 (72,241) Transit Regional Commuterway Category TRAN9 3,514, ,000 1,269, ,500 (1,167,407) Trails Regional Bicycle and Pedestrian Trails TRAL11-500, , ,870 Capital Improvement Projects Measure J: Caldecott Tunnel 4th Bore CIP1 9,181,402 7,387,214 7,870,719 3,342,685 (4,528,034) Measure J: BART East CC Rail Extension CIP2 38,519,683 51,572,704 45,301,075 17,018,555 (28,282,520) Measure J: SR4 East Widening CIP3 21,032,290 22,653,786 21,630,374 5,046,300 (16,584,074) Measure J: Capitol Corridor Rail Station Imp CIP4 1,112,901 1,365,270 2,641,490 4,413,394 1,771,904 Measure J: SR4 Bypass Elements CIP5 28,951,767 25,124,853 25,696,936 29,361,804 3,664,868 Measure J: I-680 and SR242 Interchange Imp CIP6 1,253,475 1,163,980 1,005, ,985 (550,199) Measure J: I-80 Corridor CIP7 4,603,860 8,168,001 10,953,186 14,195,775 3,242,589 Measure J: I-680 Corridor CIP8 2,301,413 7,853,132 6,570,903 8,013,968 1,443,065 Measure J: Richmond Parkway CIP9 7,422, , , , ,177 Subregional Projects Measure J: Subregional Bus Transit Enhancements SPP19-20,000 35, , ,000 Measure J: Subregional Major Streets Imp SPP24 10,924,770 7,822,675 8,044,352 9,012, ,406 Measure J: Subregional Martinez Railroad Imp SPP27 6,946 1,697, , ,295 (349,487) Countywide Capital and Maintenance Programs Measure J: BART Improvements CCMP10 378,890 5,362,605 2,425,443 7,532,156 5,106,713 4.A.14-16

17 Exhibit 1: Summary Revenues, Expenditures, and Changes in Fund Balances All Fund Types - Combined Actual Original Amended Proposed Change (as of March 2016) (2)-(1) FY FY FY FY Increase Budget Budget (1) Budget (2) (Decrease) Programs Section Program Management Salaries and Benefits Var 70, , , ,266 31,208 Programs Local Street Maintenance (18%) Program CCMP11 14,301,842 14,832,000 14,832,000 15,276, ,960 Additional Local Street Maintenance Program SPP23 1,660,603 1,722,160 1,722,160 1,773,825 51,665 Transportation for Livable Community (TLC) Project CCMP12 3,909,663 10,900,900 9,070,457 5,939,642 (3,130,815) Pedestrian, Bicycle and Trail Facilities CCMP13 1,048,151 1,969,600 2,358,380 2,322,616 (35,764) Bus Services OCP14 4,035,596 4,594,978 4,594,345 4,705, ,796 Express Bus Program OCP16 3,497,965 4,012,575 4,011,813 4,117, ,280 Bus Transit Enhancements SPP19 2,689,378 3,268,640 3,268,640 3,351,699 83,059 Paratransit Program OCP15 3,312,703 3,878,400 3,878,400 3,979, ,352 Additional Paratransit Program SPP20 783,160 1,147,600 1,147,600 1,176,028 28,428 Safe Transportation for Children SPP21 3,100,228 4,888,225 4,888,055 5,000, ,128 Commute Alternative Program OCP17 773,089 1,298,699 1,202,350 1,004,219 (198,131) Subregional Transportation Needs SPP28 3,567,156 3,963,527 1,860,720 1,623,542 (237,178) Transportation for Clean Air Program OTH45 1,164,679 1,384,698 1,384,698 1,404,944 20,246 Planning Section Regional Planning Salaries and Employee Benefits Var 280, , , ,970 60,492 Services, Supplies, and Capital Outlay Var 1,626,350 2,831,420 3,245,500 1,065,500 (2,180,000) Congestion Management Salaries and Employee Benefits Var 1,371,372 1,074, ,315 1,158, ,639 Services, Supplies, and Capital Outlay Var 868,591 1,265,250 1,439, ,250 (838,820) SCS Implementation - Salaries and Employee Benefits Var 91,259 98, , ,507 3,407 Services, Supplies, and Capital Outlay Var 68,596 1,622,500 1,667,500 1,527,500 (140,000) Debt Service Principal Repayment - Measure J Bonds Var 12,095,000 12,460,000 12,460,000 15,305,000 2,845,000 Interest and Related Fees - Measure J Bonds Var 15,809,803 20,485,000 16,985,000 19,174,200 2,189,200 Total Expenditures $ 215,934,771 $ 253,753,595 $ 236,159,486 $ 209,939,317 $ (26,220,169) Excess (Deficiency) of Revenues Over (Under) Expenditures $ (78,824,519) $ (123,815,605) $ (93,131,863) $ (88,410,402) $ 35,405,203 4.A.14-17

18 OTHER FINANCING SOURCES (USES) Interfunds Operating Transfers In (Out): Contra Costa Transportation Authority Exhibit 1: Summary Revenues, Expenditures, and Changes in Fund Balances All Fund Types - Combined Actual Original Amended Proposed Change (as of March 2016) (2)-(1) FY FY FY FY Increase Budget Budget (1) Budget (2) (Decrease) For TFCA $ (1,235,249) $ - $ - $ - $ - Measure C Fund 1,235, Measure C (Interfund Loan) - - (475,000) - 475,000 Measure J (Interfund Loan - Planning, CMA & Facilities) ,000 - (475,000) Debt Service Fund - (Project Funds) (79,011,149) (101,040,582) (80,495,678) (45,500,000) 34,995,678 Measure J Fund - (Project Funds) 79,011, ,040,582 80,495,678 45,500,000 (34,995,678) Measure J Fund - (Principal, Interest and Related Fees) (27,905,519) (32,945,000) (29,445,000) (34,479,200) (5,034,200) Debt Service Fund - (Principal, Interest and Related Fees) 27,905,519 32,945,000 29,445,000 34,479,200 5,034,200 Bond Proceeds (2015 Bonds) - 86,020, ,640,000 - (166,640,000) Premiums (Discount) (2015 Bonds) - 14,638,093 32,070,000 - (32,070,000) Issuance Costs (2015 Bonds) - (658,093) (99,221,000) - 99,221,000 Total Other Financing Source (Uses) $ - $ 100,000,000 $ 99,489,000 $ - $ (99,489,000) NET CHANGE IN FUND BALANCES: Excess (Deficiency) of Revenues and Financing Sources Over (Under) Expenditures and Other Financing Uses $ (78,824,519) $ (23,815,605) $ 6,357,137 $ (88,410,402) $ (94,767,539) BEGINNING FUND BALANCES (estimated) $ 230,931,506 $ 152,106,987 $ 152,106,987 $ 158,464,124 6,357,137 ENDING FUND BALANCES $ 152,106,987 $ 128,291,382 $ 158,464,124 $ 70,053,722 (88,410,402) 4.A.14-18

19 Exhibit 2: Revenues, Expenditures, and Changes in Fund Balances - Fund Types Proposed Special Debt Total Measure J Measure C Revenue Service FY Fund Fund Fund Fund Budget REVENUES Sales Tax Revenues $ 62,728,895 $ - $ 22,143,105 $ - $ 84,872,000 Investment Income 725, ,000 50,000 35, ,000 Federal Surface Transportation Program - CMA 818, ,000 Federal Surface Transportation Program - SR4 ICM Study 160, ,000 Federal Surface Transportation Program - PDA Investment & Growth Strategy 1,440, ,440,000 Congestion Mitigation and Air Quality Program - Climate Change Grant 22, ,088 Federal - VPPP Real Time Rideshare 51, ,540 Federal Demonstration Program Funds (SR 239 Study) 873, ,918 Federal Demonstration Program Funds (I-80) 800, ,000 Congestion Mitigation and Air Quality Imp Program ,000-70,000 State Local Partnership Program (ebart) 800, ,000 State Transportation Improvement Program (I-80) 9,300, ,300,000 State Planning, Programming and Monitoring (PPM) 615, ,021 State Community Based Transportation Plan (PDA Planning) 60, ,000 Contributions from CMA Member Agencies 389, ,562 Motor Vehicle Registration Surcharge (TFCA) - - 1,461,066-1,461,066 Regional Measure 2 (Caldecott Tunnel 4th Bore) 1,940, ,940,241 Regional Measure 2 (SR 4 East Widening) 1,100, ,100,000 Regional Measure 2 (I-680 Carpool Lane Gap Closure) 4,500, ,500,000 Regional Measure 2 (I-80) 650, ,000 Bay Area Toll Authority (SR4/160) 625, ,000 Bay Area Toll Authority (I-680 Carpool Lane) 3,000, ,000,000 Contributions from Contra Costa County (SR 239 Study) 218, ,479 Contributions from ECCRFFA (East County Corridor SR4 Bypass) 365, ,000 Contributions from Town of Danville (TVTDF) - 5,880, ,880,000 Escrow Account: Earnings and Rental Income 120, ,000 Excess Land Sale - 400, ,000 Miscellaneous Revenues 1,000 1, ,000 Total Revenues $ 91,303,744 $ 6,466,000 $ 23,724,171 $ 35,000 $ 121,528,915 4.A.14-19

20 Exhibit 2: Revenues, Expenditures, and Changes in Fund Balances - Fund Types EXPENDITURES Org Proposed Special Debt Total Measure J Measure C Revenue Service FY Fund Fund Fund Fund Budget General Administration Salaries and Employee Benefits OTH29 $ 688,185 $ - $ - $ - $ 688,185 Services, Supplies, and Capital Outlay OCP18d 1,375, ,375,600 Projects Section Project Management Salaries and Benefits OTH40 1,709, ,709,118 Project Management Services and Supplies OTH40 372, ,500 Highway and Arterial Projects I-680 Corridor HAA1-13,152, ,152,440 Rt. 4 East Corridor HAA3-1, ,000 Rt. 4 West Corridor HAA4-9, ,401 Major Arterial Projects HAA6-175, ,000 Transit Regional Commuterway Category TRAN9-102, ,500 Trails Trails TRAL11-636, ,870 Capital Improvement Projects Measure J: Caldecott Tunnel 4th Bore CIP1 3,342, ,342,685 Measure J: BART East CC Rail Extension CIP2 17,018, ,018,555 Measure J: SR4 East Widening CIP3 5,046, ,046,300 Measure J: Capital Corridor Rail Station CIP4 4,413, ,413,394 Measure J: SR4 Bypass Elements CIP5 29,361, ,361,804 Measure J: I-680 and SR242 Interchange Imp CIP6 454, ,985 Measure J: I-80 Corridor CIP7 14,195, ,195,775 Measure J: I-680 Corridor CIP8 8,013, ,013,968 Measure J: Richmond Parkway CIP9 881, ,237 4.A.14-20

21 Exhibit 2: Revenues, Expenditures, and Changes in Fund Balances - Fund Types Proposed Special Debt Total Measure J Measure C Revenue Service FY Fund Fund Fund Fund Budget Subregional Projects Measure J: Subregional Bus Transit Enhancements SPP19 420, ,000 Measure J: Subregional Major Streets Imp SPP24 9,012, ,012,758 Measure J: Subregional Martinez Railroad Imp SPP27 553, ,295 Countywide Capital and Maintenance Programs Measure J: BART Improvements CCMP10 7,532, ,532,156 Programs Section Program Management Salaries and Benefits Var 156, , ,266 Programs Local Street Maintenance Program CCMP ,276,960-15,276,960 Additional Local Street Maintenance Program SPP ,773,825-1,773,825 Transportation for Livable Community Project CCMP12 5,939, ,939,642 Pedestrian, Bicycle and Trail Facilities CCMP13 2,322, ,322,616 Bus Services Program OCP14 4,705, ,705,141 Express Bus Program OCP16 4,117, ,117,093 Bus Transit Enhancements SPP19 3,351, ,351,699 Paratransit Program OCP ,979,752-3,979,752 Additional Paratransit Program SPP20 1,176, ,176,028 Safe Transportation for Children SPP21 5,000, ,000,183 Commute Alternative Program OCP ,004,219-1,004,219 Subregional Transportation Needs SPP28 1,623, ,623,542 Transportation for Clean Air Program OTH ,404,944-1,404,944 Planning Section Regional Planning Salaries and Employee Benefits Var 552, ,970 Services, Supplies, and Capital Outlay Var 1,065, ,065,500 Congestion Management Salaries and Employee Benefits Var 1,158, ,158,954 Services, Supplies, and Capital Outlay Var 600, ,250 SCS Implementation Salaries and Employee Benefits Var 109, ,507 Services, Supplies, and Capital Outlay Var 1,527, ,527,500 4.A.14-21

22 Exhibit 2: Revenues, Expenditures, and Changes in Fund Balances - Fund Types Proposed Special Debt Total Measure J Measure C Revenue Service FY Fund Fund Fund Fund Budget Debt Service Principal Repayment - Measure J Bonds Var ,305,000 15,305,000 Interest and Related Fees - Measure J Bonds Var ,174,200 19,174,200 Total Expenditures $ 137,799,307 $ 14,077,211 $ 23,583,599 $ 34,479,200 $ 209,939,317 Excess (Deficiency) of Revenues Over (Under) Expenditures $ (46,495,563) $ (7,611,211) $ 140,572 $ (34,444,200) $ (88,410,402) OTHER FINANCING SOURCES (USES) Interfunds Operating Transfers In (Out) For Measure J Fund (2015 Bonds) (45,500,000) (45,500,000) Measure J - Projects (2015 Bonds) 45,500, ,500,000 For Measure J Debt Service Fund - Interest & Related Fees (34,479,200) (34,479,200) Measure J Debt Service Fund ,479,200 34,479,200 Total Other Financing Source (Uses) $ 11,020,800 $ - $ - $ (11,020,800) $ - NET CHANGE IN FUND BALANCES: Excess (Deficiency) of Revenues and Financing Sources Over (Under) Expenditures and Other Financing Uses $ (35,474,763) $ (7,611,211) $ 140,572 $ (45,465,000) $ (88,410,402) BEGINNING FUND BALANCES (estimated) $ 66,328,105 $ 24,043,487 $ 7,664,413 $ 60,428,119 $ 158,464,124 ENDING FUND BALANCES $ 30,853,342 $ 16,432,276 $ 7,804,985 $ 14,963,119 $ 70,053,722 4.A.14-22

23 Exhibit 3: Revenue Budget Detail ALL REVENUES FY FY Increase Budget Budget (Decrease) MEASURE J FUND $ 119,230,265 $ 91,303,744 $ (27,926,521) MEASURE C FUND $ 671,000 $ 6,466,000 $ 5,795,000 SPECIAL REVENUE FUNDS $ 23,066,358 $ 23,724,171 $ 657,813 DEBT SERVICE FUND $ 60,000 $ 35,000 $ (25,000) TOTAL REVENUES $ 143,027,623 $ 121,528,915 $ (21,498,708) MEASURE J FUND REVENUES DETAIL FY FY Increase Budget Budget (Decrease) Sales Tax Revenues $ 60,901,840 $ 62,728,895 $ 1,827,055 Investment Income 650, ,000 75,000 Federal Surface Transportation Program - CMA 1,719, ,000 (901,789) Federal Surface Transportation Program - SR4 ICM Study 200, ,000 (40,000) Federal Surface Transportation Program - PDA Investment & Growth 1,500,000 1,440,000 (60,000) Federal Congestion Mitigation & Air Quality - Climate Change Grant 261,017 22,088 (238,928) Federal Demonstration Program Funds (SR 239 Study) 1,100, ,918 (226,082) Federal Demonstration Program Funds (I-80) - 800, ,000 Federal - VPPP Real Time Rideshare 290,000 51,540 (238,460) State Local Partnership Program (ebart) 2,000, ,000 (1,200,000) State Transportation Improvement Program (I-80) 4,700,000 9,300,000 4,600,000 State Planning, Programming and Monitoring (PPM) 754, ,021 (139,955) State Community Based Transportation Plan (PDA Planning) 60,000 60,000 Contributions from CMA Member Agencies 222, , ,745 Regional Measure 2 (Caldecott Tunnel 4th Bore) 762,500 1,940,241 1,177,741 Regional Measure 2 (SR 4 East Widening) 16,375,000 1,100,000 (15,275,000) Regional Measure 2 (I-680 Carpool Lane Gap Closure) 4,000,000 4,500, ,000 Regional Measure 2 (I-80) 3,800, ,000 (3,150,000) Bay Area Toll Authority (SR4/160) 15,385, ,000 (14,760,000) Bay Area Toll Authority (I-680 Carpool Lane) 100,000 3,000,000 2,900,000 Contributions from City of Antioch (SR 4 East Widening) 460,000 - (460,000) Contributions from Contra Costa County (SR 239 Study) 85, , ,907 Contributions from ECCRFFA (East County Corridor SR4 Bypass) 3,500, ,000 (3,135,000) Contributions from Hercules (Rail Station) 295,714 - (295,714) Contributions from West Coast Home Builders (SR 4 Bypass) 45,040 - (45,040) Escrow Account: Earnings and Rental Income 120, ,000 - Miscellaneous Revenues 1,000 1,000 - TOTAL MEASURE J FUND $ 119,230,265 $ 91,303,744 $ (27,926,521) 4.A.14-23

24 Exhibit 3: Revenue Budget Detail MEASURE C FUND DETAIL FY FY Increase Budget Budget (Decrease) Investment Income $ 200,000 $ 185,000 $ (15,000) Contributions from Town of Danville (TVTDF) - 5,880,000 5,880,000 Excess Land Sale 470, ,000 (70,000) Miscellaneous Revenues 1,000 1,000 - TOTAL MEASURE C FUND REVENUE $ 671,000 $ 6,466,000 $ 5,795,000 SPECIAL REVENUE FUNDS DETAIL Sales Tax Revenues $ 21,498,160 $ 22,143,105 $ 644,945 Investment Income 45,000 50,000 5,000 Congestion Mitigation and Air Quality Imp Program 70,000 70,000 - Motor Vehicle Registration Surcharge (TFCA) 1,453,198 1,461,066 7,868 TOTAL SPECIAL REVENUE FUNDS $ 23,066,358 $ 23,724,171 $ 657,813 DEBT SERVICE FUNDS DETAIL Investment Income $ 60,000 $ 35,000 $ (25,000) TOTAL DEBT SERVICE FUNDS $ 60,000 $ 35,000 $ (25,000) 4.A.14-24

25 Exhibit 4: Expenditure Budget Detail Programs LOCAL STREET MAINTENANCE PROGRAM (18%) ORG: CCMP11 FY FY Increase Account Measure J Measure J (Decrease) Contributions to Local Jurisdictions 6111 $ 14,832,000 $ 15,276,960 $ 444,960 Total Local Street Maintenance Program (18%) $ 14,832,000 $ 15,276,960 $ 444,960 ADDITIONAL LOCAL STREET MAINTENANCE PROGRAM (2.09%) ORG: SPP23 Contributions to Local Jurisdictions 6111 $ 1,722,160 $ 1,773,825 $ 51,665 Total Additional Local Street Maintenance Program (2.09%) $ 1,722,160 $ 1,773,825 $ 51,665 TRANSPORTATIONS FOR LIVABLE COMMUNITY PROJECT GRANTS (5.0%) ORG: CCMP12 Grants provided for Community Projects 6111 $ 9,049,100 $ 5,881,000 $ (3,168,100) Project Management Tools & Monitoring ,357 58,642 37,285 Program Manager Salaries and Benefits ,990 39,128 12,138 FN 2: Estimated Fund Balance Available to Program N/A 7,987,145 11,888,164 Total Transportations for Livable Community Project Grants (5.0%) $ 9,097,447 $ 5,978,770 $ (3,118,677) PEDESTRIAN, BICYCLE AND TRAIL FACILITIES (1.5%) ORG: CCMP13 Grants provided for Community Projects 6111 $ 2,352,000 $ 2,305,100 $ (46,900) Program Management ,380 17,516 11,136 Program Manager Salaries and Benefits ,990 39,128 12,138 FN 2: Estimated Fund Balance Available to Program N/A 3,306,379 4,052,568 Total Pedestrian, Bicycle and Trail Facilities (1.5%) $ 2,385,370 $ 2,361,744 $ (23,626) 4.A.14-25

26 Exhibit 4: Expenditure Budget Detail Programs BUS SERVICES (5%) ORG: OCP14 FY FY Increase Account Measure J Measure J (Decrease) Contributions to Bus Transit Providers 6111 $ 4,470,745 $ 4,577,833 $ 107,088 3% Reserve 123, ,308 Program Manager Salaries and Benefits ,655 38,459 12,804 FN 2: Estimated Fund Balance Available to Program N/A 273, ,566 Total Bus Transit Improvement Program (5%) $ 4,620,000 $ 4,743,600 $ 119,892 EXPRESS BUS (4.3%) ORG: OCP16 Contributions to Express Bus Transit Providers 6111 $ 3,905,517 $ 4,007,608 $ 102,091 3% Reserve 106, ,485 Program Manager Salaries and Benefits ,387 32,403 1,016 FN 2: Estimated Fund Balance Available to Program N/A 138, ,767 Total Express Bus (4.3%) $ 4,043,200 $ 4,149,496 $ 103,107 BUS TRANSIT ENHANCEMENTS (3.36%) ORG: SPP19 Contributions to Bus Transit Providers 6111 $ 3,268,640 $ 3,351,699 $ 83,059 Total Bus Transit Enhancement (3.36%) $ 3,268,640 $ 3,351,699 $ 83,059 PARATRANSIT PROGRAM (4.1%) ORG: OCP15 Contributions to Paratransit Providers 6111 $ 3,878,400 $ 3,979,752 $ 101,352 Program Manager Salaries and Benefits ,657 56,427 1,770 FN 2: Estimated Fund Balance Available to Program N/A 5,983,828 6,523,871 Total Paratransit Program (4.1%) $ 3,933,057 $ 4,036,179 $ 103,122 4.A.14-26

27 Exhibit 4: Expenditure Budget Detail Programs ADDITIONAL PARATRANSIT PROGRAM (1.15%) FY FY Increase ORG: SPP20 Account Measure J Measure J (Decrease) Contributions to Paratransit Providers 6111 $ 1,147,600 $ 1,176,028 $ 28,428 Total Additional Paratransit Program (1.15%) $ 1,147,600 $ 1,176,028 $ 28,428 SAFE TRANSPORTATION FOR CHILDREN (4.545%) ORG: SPP21 Contributions to Safe Transportation for Children 6111 $ 4,888,055 $ 5,000,183 $ 112,128 Program Manager Salaries and Benefits ,025 7, FN 2: Estimated Fund Balance Available to Program N/A 2,037,216 3,607,062 Total Safe Transportation for Children (4.545%) $ 4,895,080 $ 5,007,432 $ 112,352 COMMUTE ALTERNATIVES (1%) ORG: OCP17 Contributions for Other Programs - TDM 6111 $ 809,950 $ 834,219 $ 24,269 Contributions for Other Programs - CMAQ ,000 70,000 - Contributions for Programs - VPPP Real Time Rideshare , ,000 (222,400) Program Manager Salaries and Benefits ,050 14, FN 2: Reimbursement (Use) of Reserves N/A 466, ,038 Total Commute Alternatives (1%) $ 1,216,400 $ 1,018,720 $ (197,680) SUBREGIONAL TRANSPORTATION NEEDS (1.53%) ORG: SPP28 Contributions for Other Programs - Subregional 6111 $ 1,260,720 $ 1,298,542 $ 37,822 Contributions for Studies (West, Central, SW) 5201/ , ,000 (275,000) Total Subregional Transportation (1.53%) $ 1,860,720 $ 1,623,542 $ (237,178) 4.A.14-27

28 Exhibit 4: Expenditure Budget Detail Programs FY FY Increase TRANSPORTATION FUNDING FOR CLEAN AIR (TFCA) Account Fund 220 TFCA Fund 220 TFCA (Decrease) ORG: OTH45 SALARIES AND BENEFITS Salaries 5011 $ 48,952 $ 43,399 $ (5,553) Overtime Vacation/Sick Leave ,119 8,117 (1,002) FICA (78) Retirement Expenses ,741 11,902 (1,839) Employee Group Insurance ,959 8,178 (781) Workers Compensation Insurance (80) Total Salaries and Benefits 5000 $ 82,304 $ 72,971 $ (9,333) CONTRIBUTIONS TO OTHER AGENCIES TFCA Program Funding Allocations 6111 $ 1,384,698 $ 1,404,944 $ 20,246 Total Contributions to Other Agencies $ 1,384,698 $ 1,404,944 $ 20,246 Total TFCA $ 1,467,002 $ 1,477,915 $ 10,913 TOTAL PROGRAMS BUDGET $ 54,488,676 $ 51,975,910 $ (2,512,766) FN: Footnote 1: The following Measure J programs based on formula program distributions: Adopted Proposed FY FY a. Local Street Maintenance Program 18.00% $ 14,832,000 $ 15,276, ,960 b. Additional Local Street Maintenance Program 2.090% $ 1,722,160 $ 1,773,825 51,665 c. Transportation for Livable Community Project Grants 3.559% $ 9,097,447 $ 5,978,770 (3,118,677) d. Additional Transportation for Livable Community Project Grants 0.400% $ - $ - - e. Pedestrian, Bicycle and Trail Facilities 1.500% $ 2,385,370 $ 2,361,744 (23,626) f. Additional Pedestrian, Bicycle and Trail Facilities 0.800% $ - $ - - g. Bus Services: 5.000% $ 4,120,000 $ 4,243, ,600 h. Express Bus: 4.300% $ 3,543,200 $ 3,649, ,296 i. Bus Transit Enhancement 3.360% $ 2,768,640 $ 2,851,699 83,059 j. Paratransit Program: 5.000% $ 4,120,000 $ 4,243, ,600 Amount available to program $3,479,752 ($84.9 million * 4.1%) k. Additional Paratransit Program 1.150% $ 947,600 $ 976,028 28,428 l. Safe Transportation for Children 4.545% $ 3,745,080 $ 3,857, ,352 m. Commute Alternatives 1.000% $ 824,000 $ 848,720 24,720 n. Subregional Transportation Needs 1.530% $ 1,260,720 $ 1,298,542 37,822 o. Ferry Service (FN 4) 2.250% $ - $ A.14-28

29 Exhibit 4: Expenditure Budget Detail Programs Footnote 2: Change in Restricted Reserves Measure J 6/30/2016 Net Reserves & 6/30/2017 balance Payments estimated balance Transportation for Livable Community Project Grants (a) $ 14,846,679 $ (2,958,515) $ 11,888,164 Pedestrian, Bicycle and Trail Facilities (b) $ 5,141,232 $ (1,088,664) $ 4,052,568 Bus Services (c) $ 782,566 $ (500,000) $ 282,566 Express Bus (c) $ 646,767 $ (500,000) $ 146,767 Paratransit Program (c), (d) $ 6,316,450 $ 207,421 $ 6,523,871 Safe Transportation for Children (c) $ 4,757,062 $ (1,150,000) $ 3,607,062 Commute Alternatives $ 595,102 $ 50,936 $ 646,038 Ferry Service (FN4) $ 11,294,453 $ 1,909,620 $ 13,204,073 a. Transportation for Livable Community Project Grants are budgeted and allocated after approval of the guidelines by the Authority as authorized in the Strategic Plan. b. Pedestrian, Bicycle and Trail Facilities Project Grants are budgeted and allocated after approval of the guidelines by the Authority as authorized in the Strategic Plan. c. Providers are advanced 90% of their annual allocation on a quarterly basis. The final 10% is a clean up payment based on actual sales tax receipts exceeding advances. If sales tax receipts are more/less than the 10% clean up, then the following fiscal year allocation is adjusted. d. On April 16, 2008 the Board approved to set aside funds to begin building a reserve for the Paratransit Program. This reserve would be used to pay for the excess amounts when it is above 5% in FY Furthermore, the Board approved that the funds would accrue interest income which would pay for management costs and a one time 3% annual allocation reserve. The management costs for FY is $54,657. The estimated ending balance is restricted by the Expenditure Plan. Footnote 3: TFCA/TDM Salaries and Benefits Limitation is: 5.00% $ 73,053 Budgeted Salaries and Benefits: Total 72,971 Residual to be funded by Planning Funds $ (82) Footnote 4: The Ferry Service Program per agreement between WETA, WCCTAC, City of Hercules and City of Richmond, it agreed to delay the allocation start date for Measure J funds for West County Ferry Service, in return for advancing funding for the Marina Way Parkway Grade Separation project. 4.A.14-29