Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2022-2023 Annual Transit Budget to Provide Funds for the Purchase of a Vehicle for Use Within the McKinney Urban Transit District
Summary
COUNCIL GOAL: Goal #5: Enhance the Quality of Life in McKinney
5F: Enhance connectivity to parks and civic facilities, schools/education centers, libraries, health care providers, commercial centers, etc.
MEETING DATE: January 17, 2023
DEPARTMENT: Department of Housing and Community Development
CONTACT: Akia Pichon, Transit Services Administrator
Jasmine Stillwell, Transit Services Coordinator
RECOMMENDED CITY COUNCIL ACTION:
• Approve Ordinance
ITEM SUMMARY:
• This Ordinance amends the Fiscal Year 2022-2023 Annual Budget by appropriating $126,597 in the Urban Transit District Fund to provide funding for an urban transit bus, and of that amount $101,277 is funded by the Federal Transit Administration, $20,618 is funded by Transportation Development Credits, and $4,702 is funded by the General Fund.
• This ordinance also amends the budget by appropriating $4,702 from the General Fund balance and transferring it to the Urban Transit District Fund to provide the local match.
BACKGROUND INFORMATION:
• The McKinney Urban Transit District approved this replacement rolling stock purchase on June 28, 2022. This purchase will be completed in accordance with FTA and TXDOT regulations.
FINANCIAL SUMMARY:
• This Ordinance amends the Fiscal Year 2022-2023 Annual Budget by appropriating $126,597 in the Urban Transit District Fund to provide funding for an urban transit bus, and of that amount $101,277 is funded by the Federal Transit Administration, $20,618 is funded by Transportation Development Credits, and $4,702 is funded by the General Fund.
• This ordinance also amends the budget by appropriating $4,702 from the General Fund balance and transferring it to the Urban Transit District Fund to provide the local match.
BOARD OR COMMISSION RECOMMENDATION:
• N/A