Submitted By: Holly Lang, Fiscal Manager
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Presentation By: Tammi Haslam
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Department: Growth Management
STAFF RECOMMENDATION (Motion Ready):
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Adopt Budget Resolution 2024-132 to accept and appropriate local matching funds in the amount of $188,903 from Marion County and $566,707 from the City of Ocala to support the Ocala/Marion County Public Transit System, SunTran, for a total of $755,610
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Operational Excellence
PROOF OF PUBLICATION:
N/A
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BACKGROUND: On September 19, 2023, the City of Ocala and Marion County entered into an interlocal agreement that outlined their respective financial support of SunTran. The percentage of support is determined each year based on the number of operating hours SunTran spends in either the City or County. The percentages between the City and County vary from year to year based on service changes identified in the current Transit Development Plan. For Fiscal Year 2023-24, the percentage split is 75 percent for the City and 25 percent for Marion County. In Fiscal Year 2023-24, the City budgeted $566,707 and Marion County budgeted $188,903, to be used as the local matches to SunTran grants.
FINDINGS AND CONCLUSIONS: Local matches are a requirement of the FTA and FDOT grants.
FISCAL IMPACT: The City budgeted $566,707 as its local match in account 494-381-000-000-19-38091 this fiscal year. Funds will be applied to various expense accounts in accounting string 494-050-451-544-54*. Marion County's match of $188,903 was adopted in its Fiscal Year 2023-24 Budget.
PROCUREMENT REVIEW: N/A
LEGAL REVIEW: N/A
ALTERNATIVE:
* Adopt with changes
* Deny
BUDGET RESOLUTION 2024-132
A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO ACCEPT AND APPROPRIATE LOCAL MATCHING FUNDS IN THE AMOUNT OF $188,903 FROM MARION COUNTY AND $566,707 FROM THE CITY OF OCALA TO SUPPORT THE OCALA/MARION COUNTY PUBLIC TRANSIT SYSTEM, SUNTRAN, FOR A TOTAL OF $...
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