ITEM TITLE:
Title
Consider authorizing the Chairman to sign three annual certifications, one of which contains the end of year reporting numbers from the prior fiscal year (FY 23-24) that will be used to help determine the allocation amount from the state public transit revolving fund for fiscal year 2025, along with two other required annual state certifications.
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INITIATOR: Christine James, Planning Director
STAFF INFORMATION SOURCE: Ryan Landers, LATS General Manager
BACKGROUND: Section 4031 of Title 69 of the Oklahoma Statutes created a revolving fund for the Oklahoma Department of Transportation (ODOT) designated as the “Public Transit Revolving Fund” for the purpose of establishing, expanding, improving and maintaining rural and urban public transportation services.
The funding allocated from the Public Transit Revolving Fund to LATS is budgeted for the purpose of establishing, expanding, improving and maintaining rural and urban public mass transportation service. Available funds may also be used for local share or matching funds for the purpose of federal capital or operating grants. Prior to the allocation of funds from the Public Transit Revolving Fund, LATS is required to provide ODOT reporting numbers from the previous year along with a proposed budget for the monies for the upcoming fiscal year, and the signed required annual certifications.
One of the numbers on the Trip Statistics Certification, Total Revenue Mile, is still be calculated but should be available at the meeting.
EXHIBIT: Trip Statistics Certification
Availability To The General Public Certification
Service To The Elderly And Disabled Certification
FY 23-24 Agreement
KEY ISSUES: None
FUNDING SOURCE: N/A
STAFF RECOMMENDED COUNCIL ACTION: Authorize the Chairman to sign three certifications containing end of year reporting numbers from the prior fiscal year (FY 23-24) that will be used to determine the allocation amount from the state revolving fund for fiscal year 2025, along with two other required annual state certifications.