HomeMy WebLinkAboutR-2018-135 City Authorizing To Execute An Interlocal Agreement With Broward County, For The 2018 Transportation System Surtax; Providing For Conflicts; Further Providing For An Effective Date. RESOLUTION NO. 2018-135
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING THE PROPER CITY OFFICIALS TO
EXECUTE AN 1NTERLOCAL AGREEMENT WITH BROWARD COUNTY,
FOR THE 2018 TRANSPORTATION SYSTEM SURTAX; PROVIDING FOR
CONFLICTS; FURTHER PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, because of the urgent need for transportation system improvements
throughout Broward County ("County"); on June 5, 2018, the Broward County Commission
voted to place a proposed "Transportation System Surtax Levy" of one percent (1%) on the
November 6,2018 ballot; and
WHEREAS, Broward County and the Metropolitan Planning Organization ("MPO") are
requesting that each municipality within the County enter into an Interlocal Agreement ("ILA") to
support the "Transportation System Surtax";
WHEREAS, the County and the municipalities are entering into the Agreement to
demonstrate their commitment to work together to protect the health, safety, and welfare of
residents and visitors, including education of the electorate, consistent with state law
requirements, on the importance of the Ballot Proposal;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH, FLORIDA:
Section 1. That the above "Whereas" clauses are ratified and confirmed, and they are
made a part of and incorporated into this Resolution by this reference.
Section 2. That the proper City officials are authorized to execute an Interlocal
Agreement with Broward County and the Metropolitan Planning Organization for the
Transportation System Surtax.
Section 3. That the City Manager and City Attorney are authorized to make minor
revisions to the Agreement as are deemed necessary and proper for the best interests of the City.
Section 4. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 5. That this Resolution shall become effective immediately upon its passage
and adoption.
PASSED AND ADOPTED on September 25, 2018.
ATTEST:
THOMAS SCHNEIDER, CMC TAMARA JA S
CITY CLERK �'�9 ��� MAYOR
APPROVED AS TO t
RM AND CORRECTNESS:
r) 4 / ij
THOM S J. R
CITY ATTO EY
2 RESOLUTION#2018-135
TRANSPORTATION SYSTEM SURTAX INTERLOCAL AGREEMENT
This Transportation System Surtax Interlocal Agreement (the "Agreement") is
entered into by and between Broward County, a political subdivision of the State of Florida
(the "County"), the municipalities that formally approve this Agreement and execute and
return to the County a signature page bearing the above legend, each of which is a
municipal corporation within Broward County existing under the laws of the State of
Florida (collectively, the "Municipalities"), and the Broward County Metropolitan Planning
Organization, duly organized and existing under Section 339.175, Florida Statutes (the
"MPO"
Recitals
A. Because of the urgent need for transportation system improvements, the
County Commission voted on June 5, 2018, to place on the November 6, 2018, ballot, for
consideration by the countywide electorate, a proposed transportation surtax levy of one
percent (1%) (the "Ballot Proposal"). On June 5, 2018, the County Commission also
enacted Ordinance No. 2018-29, the Broward County Transportation Surtax Ordinance,
which is codified in Section 31Y2-71, et seq., Broward County Code of Ordinances, and
which, among other things:
1. Levied the surtax subject to subsequent voter approval;
2. Established a transportation surtax trust fund into which all surtax proceeds
will be deposited;
3. Established an independent oversight board (the"Oversight Board")to ensure
transparency and objectivity in the review of applications for funding from
surtax proceeds;
4. Established a seven (7) member entity (the "Appointing Authority")to appoint
the members of the Oversight Board. One of the members is a designee of
the Broward League of Cities; and
5. Provided a process by which any municipality within Broward County may
apply for project funding from surtax proceeds, which process includes a
request that the MPO review and rank all municipal projects based on each
project's ability to alleviate traffic congestion and enhance connectivity.
B. The County and the Municipalities enter into this Agreement to demonstrate
their commitment to work together to protect the health, safety, and welfare of their mutual
residents and visitors, including by educating the electorate, consistent with state law
requirements, on the critical importance of the Ballot Proposal.
1
C. The County Commission, the governing body of each of the Municipalities,
and the MPO enter into this Agreement on behalf of their respective entities after having
made the following findings:
1. Without a dedication of substantial new revenues, the existing transit
system within Broward County will not be sustainable, alternative modes of
transportation will not be realized, and traffic congestion will continue to
worsen;
2. The ten-year Transportation Development Plan approved by the County
Commission on January 9, 2018, identifies that the County's transit system
will be substantially underfunded by 2025, despite the current dedication of
substantial ad valorem tax revenues to subsidize transit operations;
3. The proposed transportation surtax would enable the advancement of
transportation and premium transit projects presently identified in the MPO's
Commitment 2045 Metropolitan Transportation Plan and the current five-
year Transportation Improvement Program, and would provide funding for
roadway capital investment projects that would improve safety, reduce
congestion, and advance multimodal mobility options for residents and
visitors, which projects are currently infeasible for reasons including a lack
of dedicated revenue for operations and maintenance; and
4. Critically, the proposed transportation surtax would provide a dedicated
funding source that would enable the County to leverage revenues
contributed by residents and visitors to obtain federal transportation grants
available only to grant applicants that can demonstrate the financial
resources to build, operate, and maintain, through their useful lives, major
transportation projects, thereby bringing back to Broward County more of
the tax dollars paid by local residents and businesses that would otherwise
be allocated to other counties and states. The proposed surtax would
enable the County to compete directly for, and work collaboratively with
other governmental and private partners to acquire, certain discretionary
state and federal funding to advance the mobility goals of the region.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Agreement
I. Recitals. The above-stated Recitals are true and correct and are incorporated
herein by this reference.
II. Applications for Fundin-g. All municipal projects included within the Regional
Mobility&Transportation Enhancements Surtax Initiative, which will be considered by the
County Commission on September 13, 2018 (the "Current Municipal Projects"), shall be
deemed to have been properly submitted by the Municipalities to the County consistent
2
with Section 31%Z-75(h), Broward County Code of Ordinances, and are not required to be
resubmitted. There are seven hundred nine (709) Current Municipal Projects, with an
estimated total cost of $2.8 billion (including the City Project Contingency). All of these
projects have been submitted to the MPO for review, ranking, and prioritization, consistent
with Section IV below.
III. Eligibility. While the Transportation Surtax Ordinance prioritizes funding for
municipal projects that will relieve traffic congestion and increase connectivity, the
following municipal projects may be considered for funding:
A. Street lighting - Improvements to lighting systems along a public road that
illuminate the right-of-way for vehicles, pedestrians, and bicyclists. A lighting justification
report consistent with Broward County and FDOT policies is required for these
improvements to be considered;
B. Drainage - Improvements to a public road storm water system that address
drainage deficiencies, provided the drainage improvements only address storm water
runoff from a public roadway. Improvements to address runoff from private roads and
developments are not eligible;
C. Buffer/Sound Walls - Improvements that are consistent with the Florida
Department of Transportation's noise decibel level criteria;
D. Fiber-optic - Improvements supporting only communications for the public
transportation system, provided that the proposed improvements have received approval
from the maintaining and operating agency(ies). Shared conduit may not be considered
for surtax funding;
E. Landscaping - Only improvements within the public road right-of-way that
meet the applicable design criteria may be considered for funding;
F. Parking - Improvements used for park-and-ride or other transit-oriented
development parking that serves the public. Garages directly related to a transportation
project that serves the public will be considered, provided the parking fees do not exceed
costs associated with securing, operating, and maintaining the facility; and
G. Road Improvements - Resurfacing and road repairs, pavement markings,
signage, guardrails,ADA accommodations, and traffic calming projects are eligible. High-
end decorative lighting, decorative road signage, brick pavers, and similar items are not
eligible.
IV. MPO Review and Ranking. For all Current Municipal Projects and all future
municipal projects submitted to the MPO (collectively, "Submitted Municipal Projects"),
the MPO agrees to review, rank, and prioritize the projects based upon each project's
ability to alleviate traffic congestion and enhance connectivity. The parties hereto
acknowledge that the MPO might lack adequate resources to review, rank, and prioritize
3
the Submitted Municipal Projects prior to calendar year 2020. The impact of this is
addressed in Section V below. The MPO's obligation under this paragraph shall be
subject to: (a) the County and MPO entering into an agreement for the County to fund,
from Transportation Surtax Proceeds (as defined below), the MPO's actual, reasonable
costs of meeting this obligation; and (b)the County, MPO, and Municipalities representing
a majority of the population of Broward County entering into a separate agreement to
establish the methodologies and criteria pursuant to which the MPO will review, rank, and
prioritize the applicable projects.
V. Surtax Proceeds for Submitted Municipal Projects.
A. If the proposed surtax levy is approved by the voters in the November 6,
2018, election, the net amount of transportation surtax proceeds the County receives from
the Florida Department of Revenue ("FDOR") shall be defined as the "Transportation
Surtax Proceeds." The amount of Transportation Surtax Proceeds currently estimated to
be received during the thirty-year levy is approximately$15.6 billion.
B. Section 212.055, Florida Statutes, which authorizes the levy of the
proposed surtax, was recently amended to require, prior to the conducting of the
referendum, completion of an independent"performance audit of the program associated
with the surtax adoption proposed by the county." In connection with that audit, the
County submitted to the state's Office of Program Policy Analysis and Government
Accountability a table attached hereto as Exhibit A (the "Table"). The Table shows the
amount of Transportation Surtax Proceeds currently projected to be received by the
County and the current intended use of such proceeds.
C. The row of the Table titled "City Projects" represents the County's current
estimate of the amount of money available and intended in good faith to be utilized during
the thirty-year tax levy to fund Submitted Municipal Projects approved by the Oversight
Board (a separate row of the Table addresses Community Bus Service).
D. Consistent with Section 212.055(1)(d), Florida Statutes, the County
Commission hereby determines it appropriate and the County hereby commits that, for
each applicable year during which Transportation Surtax Proceeds are received by the
County, an amount equal to a minimum of ten percent(10%) of the Transportation Surtax
Proceeds received by the County that year, less the amount directly paid from
Transportation Surtax Proceeds for Community Bus Service as outlined below, shall be
used to fund Submitted Municipal Projects in the order of ranking by the MPO (with the
highest-ranked project receiving the first funding). The timing and process of providing
such funding shall be consistent with applicable law including Section 129.01, Florida
Statutes. If there is insufficient funding remaining within such ten percent (10%)
commitment (less Community Bus Service funding)to fund the highest-ranked Submitted
Municipal Project that remains unfunded (i.e.,the next project that would receive funding),
the County Commission may, at its option, either (i) exceed the ten percent (10%)
commitment (less Community Bus Service funding) by funding the highest-ranked
unfunded project or (ii) not fund that project and add the difference between the amount
4
of funding provided and the ten percent(10%) commitment (less Community Bus Service
funding) to the amount to be funded the following year. Notwithstanding anything in this
Agreement to the contrary, no Transportation Surtax Proceeds may be used to fund any
Submitted Municipal Project: (i) submitted by a municipality that is not a party to this
Agreement; (ii) that has not been approved by the Oversight Board; or (iii) to the extent
utilization of Transportation Surtax Proceeds on such project would be impermissible
under applicable law. Additionally, this ten percent (10%) commitment shall be reduced
in any year to the extent requested expenditures for Submitted Municipal Projects
prioritized by the MPO are below ten percent (10%) of Transportation Surtax Proceeds
received during such year less Community Bus Service funding for such year. Funding
of Submitted Municipal Projects and Community Bus Service shall be accomplished
through interlocal agreements between the County and the applicable Municipalities. The
unincorporated area of the County shall be considered a municipality eligible to receive
funding committed under this section, and projects proposed on behalf of the
unincorporated area of the County shall constitute Submitted Municipal Projects. Each
Municipality agrees to keep any and all Transportation Surtax Proceeds it receives in a
segregated financial account, and agrees not to comingle such proceeds with any other
funds.
E. Community Bus Service. Transportation Surtax Proceeds will be used to
directly fund all reasonable and necessary operating, maintenance, and capital costs of
existing Community Bus Service and improved or new Community Bus Service, subject
to the following conditions and subject to such expenditures being approved by the
Oversight Board. Funding of Community Bus Service is not subject to any review or
ranking by the MPO. To receive surtax funding, the Community Bus Service must meet
or exceed the standard of 7.1 passengers per revenue service hour per route(the County
has the discretion to increase this standard based on future population and ridership
growth, in which event the increased standard must be met to be eligible for surtax
funding). Notwithstanding anything to the contrary stated in this Agreement, the County
shall not be obligated to fund in any year Community Bus Service in an amount exceeding
ten percent (10%) of the Transportation Surtax Proceeds received by the County during
that year.
F. Potential Limitation for Calendar Year 2019. Notwithstanding anything in
this Agreement to the contrary, if the MPO is unable to review, rank, and prioritize
Submitted Municipal Projects prior to calendar year 2020, the County shall fund during
calendar year 2019 the Community Bus Service described in paragraph E above, and the
differential (the amount of the ten percent commitment less the amount of 2019 surtax
funding for such Community Bus Service) shall be added to the funding for Submitted
Municipal Projects in 2020.
VI. Condition Precedent to Effectiveness of this Agreement; Joining After the
Agreement Becomes Effective. This Agreement shall become effective only if, on or
before September 30, 2018, the MPO and municipalities representing a majority of the
population of Broward County formally approve, execute, and return the executed
Agreement to the County, with a contemporaneous copy e-mailed to the County
5
Administrator and County Attorney at the e-mail addresses provided below. Any
municipality may join the Agreement after it becomes effective. No municipality is eligible
to receive any Transportation Surtax Proceeds prior to that municipality becoming a party
to this Agreement. Additionally, if a municipality has not joined the Agreement on or
before September 30, 2018, that municipality shall not be eligible to receive any
Transportation Surtax Proceeds received by the County in 2019 (whether or not such
proceeds are added to the 2020 funding as referenced in paragraph F above).
VII. Reporting. Audit, and Related Requirements. The County and each
Municipality receiving funding pursuant to this Agreement agree to fully comply with the
Reporting Requirements specified on Exhibit B, agree to fully comply and otherwise fully
cooperate with the auditing, project review, and oversight requirements stated in
Section 31'h-75, Broward County Code of Ordinances, as same may be amended by the
County (provided that such amendment(s) apply equally to the County), and agree that all
of their respective expenditures of Transportation Surtax Proceeds will be consistent with
applicable law and with the conditions, if any, of the approval received by the Oversight
Board. The obligations stated in this paragraph shall survive expiration or earlier
termination of this Agreement.
Vlll. Term of Agreement. This Agreement shall remain in full force and effect until all
Transportation Surtax Proceeds received by any party pursuant hereto have been
expended and thereafter until ninety (90) days after the Oversight Board has completed
its review of each applicable party's final audit. If the Ballot Measure is not approved by
majority vote in connection with the November 6, 2018, election, this Agreement shall be
null and void ab initio.
IX. No Impact on Future Levies. Nothing in this Agreement shall impact in any way,
whatsoever, any future ballot question (whether placed on a ballot in 2019 or any time
thereafter) seeking to impose, extend, or increase any levy of any surtax, or impact in any
way any distribution from any such new, extended, or increased levy.
X. Funding Limited to Transportation Surtax Proceeds. The County's funding
obligations under this Agreement shall be met solely through the use of Transportation
Surtax Proceeds, and funding provided shall be consistent with applicable law including
Section 129.01, Florida Statutes.
XI. Pledge of Support. To the full extent permissible under applicable law, all parties
pledge to support the approval of the Ballot Measure and agree to work cooperatively to
enhance the regional transportation system. Nothing stated in this section shall be
interpreted to impede the free speech rights of any individual.
XII. Amendment. This Agreement may be amended by a written document formally
approved by the County and by such Municipalities that, at the time the amendment is
being considered, both (i) constitute a majority of the Municipalities that are a party to the
Agreement, and (ii) cumulatively represent more than fifty percent (50%) of the County's
total population. The MPO's written approval of any amendment shall only be required if
6
the amendment purports to modify any express obligation of the MPO hereunder. Any
properly approved amendment shall be binding on all parties hereto.
XIII. Governing Law, Venue, and Waiver of Jury Trial. This Agreement shall be
interpreted and construed in accordance with, and governed by, the laws of the State of
Florida. The parties agree that the exclusive venue for any lawsuit arising from, related
to, or in connection with this Agreement shall be in the state courts of the Seventeenth
Judicial Circuit in and for Broward County, Florida. BY ENTERING INTO THIS
AGREEMENT, EACH PARTY HERETO HEREBY EXPRESSLY WAIVES ANY AND
ALL RIGHTS THAT PARTY MAY HAVE TO A TRIAL BY JURY OF ANY CAUSE OF
ACTION OR CLAIM ARISING FROM, RELATED TO, OR IN CONNECTION WITH THIS
AGREEMENT.
XIV. Counterparts. This Agreement may be executed in counterparts, and such
counterparts together shall constitute one and the same instrument.
XV. Further Actions. If an audit conducted in connection herewith or in connection
with Chapter 31 Y2, Broward County Code of Ordinances, documents any misspent funds
or other violation of this Agreement, the party in violation shall promptly take all
reasonable and required actions to correct the violation. This provision shall survive the
expiration or earlier termination of this Agreement.
XVI. Notices. Any notice under this Agreement shall be provided -by email to the
following recipients:
As to the County: Broward County Administrator
Current e-mail: bhenry(-broward.org
With a copy to: Broward County Attorney
Current e-mail: ameyers _broward.org
As to Municipality: Manager/Administrator
Name and current e-mail provided on signature
page
With a copy to: Municipal Attorney
Name and current e-mail provided on signature
page
MPO: MPO Executive Director
Current e-mail: stuartg@browardmpo.org
With a copy to: MPO General Counsel
Current e-mail: agabriel .wsh-law.com
7
A party's notice address may be changed at any time by that party, provided that party
provides notice of such change consistent with the requirements of this section.
XVII. Entire Agreement. This Agreement constitutes the entire agreement between the
parties and supersedes any other agreement, representation, or communication, whether
oral or written, between the parties relating to the subject matter of this Agreement.
XVII1. Headings. The section and subsection headings in this Agreement are inserted
for convenience only and shall not affect in any way the meaning or interpretation of this
Agreement.
XIX. Joint Preparation. The preparation of this Agreement has been a joint effort of
the parties hereto, and the resulting document shall not, solely as a matter of judicial
construction, be construed more severely against any party.
XX. Severability. In the event any portion of this Agreement is found by a court of
competent jurisdiction to be invalid, the remaining provisions shall continue to be effective
and the parties agree to negotiate in good faith to modify the invalidated portion of the
Agreement in a manner designed to effectuate the original intent of the parties.
XXI. Advice of Counsel. Each party acknowledges and agrees that it has had the
opportunity to consult with and be represented by counsel of its choice in connection with
the negotiation and drafting of this Agreement.
[The remainder of this page left blank intentionally]
8
IN WITNESS WHEREOF, the parties have made and executed this Agreement on
the respective dates under each signature: BROWARD COUNTY, by its Board of County
Commissioners, signing by and through its Mayor or Vice-Mayor, duly authorized to
execute same by Board action on the 21st day of August, 2018; each Municipality signing
by and through its authorized officer or official, duly authorized to execute same by official
action taken on the date identified on its signature page; and the MPO signing by and
through its authorized officer or official, duly authorized to execute same by official action
taken on the date identified on its signature page.
BROWARD COUNTY
ATT ST: BROWARD COUNTY, by and through
its Board of County Commissioners
B ward County Administrator, as B
ex officio Clerk of the Broward County Mayor
Board of County Commissioners ///�/��� �'/�
�� day of�__, 2018
Approved as to form by:
Andrew J. Meyers
Broward County Attorney
Governmental Center, Suite 423
115 South Andrews Avenue
Fort Lauderdale, Florida 33301
Telephone: (954) 357-7600
Telecopier: (954) 357-7641
By: aid
Andrew J. M yers
Broward County Attorney
Z� day of AqA 2018
9
TRANSPORTATION SYSTEM SURTAX INTERLOCAL AGREEMENT
IN WITNESS WHEREOF, the parties hereto have made and executed this Agreement on the
respective dates under each signature: City of Dania Beach through its City Commission,
signing by and through its Mayor authorized to execute same by Commission action on the
day of , 2018.
CITY:
CITY OF DANIA BEACH,FLORIDA,
ATTEST: a Florida municipal corporation
THOMAS SCHNEIDER, CMC TAMARA JAMES
CITY CLERK MAYOR
Dated: ,2018
APPROVED AS TO FORM AND
CORRECTNESS: ROBERT BALDWIN
CITY MANAGER
rbaldwingdaniabeachfl. og_v
Dated: , 2018
THOMAS J.ANSBRO
CITY ATTORNEY
tansbro@daniabeachfl.gov
Dated: , 2018
10
MPO Signature Page
TRANSPORTATION SYSTEM SURTAX INTERLOCAL AGREEMENT
MPO to provide its own valid signature page (to be valid, the signature page must
include notice information and date of formal action approving the Agreement)
11
Exhibit A
30-Year Financial Summary Regional Mobility and
Transportation Surtax Initiative
OPERATING
Costs k30-Year
Period
Status Quo-Existing Transit Operations 7,170,163
Paratransit Operations 7,849,760
New 30-yr.Bus Service Plan 0,485,324
New IJght Rall Transit(lRT) 7,566,886
Public Works 0,473,592
Transit Security-Operations 5,150,831
Total Operating Costs 8,696,555
Revenues period
Status uo-Existin Transit Operations 8,261 812
Paratransit Operations(State Transportation Disadvantaged Pro ram Grants) 6,635 092
Public Works $0
State 81ock Grants-New Bus $286,681 546
State Block Grants-New LRT $92,141,848
All Other New Revenue 351,240,271
Farebox Revenues.New Bus $1014,411 624
Farebox Revenues-New LRT 212,635033
Total Operating Revenues $6,182,007,227
0 eratin Revenues Minus Operating Costs ($7,246,689,328)
New Surtax Fundinq for O eratin 7 246 689 328
CAPITAL
Costs 30-Year Period
Status Quo-Existing Transit Capital $952,717,S49
Paratransit Vehicles $164 268 523
New 30- r.Bus Service Plan New Vehicles $208 226 320
New 30 r.Bus Service Plan(Replacement Vehlcles) 1370,447,855
New LRT Infrastructure $ 145 799,008
New LRT Vehicles $194 290 841
Public Works $1 445 131 915
New SRT/Ra Id Bus Infrastructure $396,749,505
New Transit Infrastucture IT/Sec.Malnt.Fac.Shelters/NTCs/P-R $737,550 537
Planning SlUdleglPassencler Surveys 108,244,632
Total Capital Casts 6 733,426,694
Revenues 30-Year Period
Status Quo-Existing Transit Ca Ital $837,47 658
Federal Transit Administration FTA Bus&Bus Facilities Formula Grants New $16 984,854
FTA Formula Grants New Bus) $142,67 770
FTA Formula Grants(New LRT) $53,051,568
FTA State of Good Repair Formula Grants(New LRT) $62,953 800
Other New Public Works Grants(FDOT,MPO FHWA) $90,000,000
FTA/FDOT New Starts/Small Starts Discretionary Grants(New LRT/BR-0 $815,141 042
Other New Disc.Grants 25%FTA+25%FDOT 63 470 793
Total Capital Revenues $2,650,747,485
Capital Revenues Minus Capital Costs ($4,082,679,210)
New Surtax Funding for Capital $4,OBZ679,210
Projected 1-cent Sales Tax Revenue $15,629 448 616
(Less 50/c of Total Surtax Revenue) ($781,472,431)
Remaining Annual Surtax Revenue $14,847,976,185
(Broward Co.Operating&Capital Deficit) ($11,329,368,538)
Total Broward Co.Contingency $960,414,552
CttyAifocWon(Mtntmum l0%of Suitax Revenue):,
Direct Funding of Community Shuttle Capital and O&M $539,665,526
City Projects $2,700,000,000
City Project Contingency $100,000,000
TOTAL $3,339,665,526
A-1
Exhibit A: Regional Mobility and Transportation Surtax Initiative 30-YEAR DETAILED PLAN
rcro 2019 2020 1031 2022 SOD1 2024 202; 1 1026 2027 "is
W-Q.. E...9 T..O Nona 1114302 Sid Sii1944,391 tt7499)506 si2427t 141 s111.OI1.406 029.067.411 1132,0a476i SM.791,3111
Pauuan010 rattan 1 722,766 s32349601 f34S0%l fl 6WS81 f38,8005s6 141,212626 N7031690 $4690."S $493SI.ttll f51.s21661
Npw)0 .oW 5eml4 Pun 111 11 7 613 S18.141,056 57656206D S]d 94443 35}OS4 S59515519 $72,1127,03 SA06nw Sgs'"Djug 5103,793,953
lkw LdghtR961ranR1111 SO fD SO SO 16,584,7T7 )S"n'! 1 W52% S7,141762 /25447,110 Sl 6"Xi
1Y14o Vlals 30 m67350 S79D.261 $1,460824 $1034271 $2,726,111 334o1,161 t799S275 /538,}20 Sa900149
lunfd 3ttur a11dK 53600000 2 W0 $ 17 800 K'" 6725IOS S7316546 S21141T6. 74M- S 53)1 1 316
ToWO nN G••b $140172,937 t17140,40S [19991410% D7410040 $2"11 90 i247902,1171 4761430,289 1278U7911 Uit it OOP t77 U3 pf
RVus00b• 2019 2020 2021 2021 2U3 2024 2029 2035 20V 2029
SNIW Wift Taw OPaN 5127. 601 9I2},01 624 s128S41072 31M120,060 6179 37U6 SIAS )S4 $129.704276 SIM.M S" WOOLOOZ SI30.U1211
PAf,"m4 Opomdoni 1ut4 TA utka RxWan ram 0-h 11.928001 17%ilal 14,004954 ti017023 14007444 S4125,369 KJOA2 4}11159 54253 1 293992
Pu016"kW t0 so Sol so SO 0 s0 60 10 0
Sula Bbak Genu•NQW aW SBS4306 31.lo1169 S1,12 t14 $t0 14S $701)90S S309,t03 H681dv s5,240.976 t 101lsl 16,746.932
51419 M Ganes•NOw IRT so 30 30 So S427,975 $440014 64 U8 76b0 616791731 51730120
AA 01A41 Itaw R4MnW S)01.54) O21 !S>G1/ iD1600 S 7112.10 0,884,010 S5411051 S7419941 $7,991,151
f 40oA R-nu43•Naw eW 51023953 Sa}tAN] 109274 15045745 SI 6609M S13103110 St0.5664M Sl8 IN s1191 731) !]611)19
1! d 17 9 4
Tnn10 eratl' 0.49Mtw f i,1,80i U3 766.77 91 0,997 46 U41,170,99 t111 ]1, 11 97,I74161,608,460 i144 i 711 S37f 4D, t Ill,A/194
0 roN R.-1,11-o W1 Gab 114,506.244 f37.19D665 S44,026,U21 117949.25) (57117851547 is01111f,649) 111,U1,7O4 (3141.14L277) 316h1a7 931
Now 9u 1Fulldl ter ntl t21660{ 09660 M029 U2 9197U 111U SOT If)24 M9 99 )i/ i11U Sd4 t{1 6/77) 6T 7670!
CAPITAL
Gan &M,)KODO
1 2021 Son 241/S714a 1)) 173267 342431 N6 t24 tl155U fN O]I 1)S {2a20,761 S}f,t)2,7i1 it 757 s2 39 OS2
1I,216 1 Sd0 010"a 440 fl 440 U167/0 400f 0
t S4}284 id Moll 4))C90 f1 GB6,61) S17AW430 fI1977,t4B t1,4W 621 61 6S4.721 4 413,211
0 to O to 10 s0 s0 o f0
SA9 AM N92329t5 1M331035 iN V/tl 01S $22150,490 SM.S98490 76 717701 44 318 125 tu105
TVenk sD 2T 6441M s0 so to 361721167 Ws0 o
lVakf t7910917 $1a34 1 3 262,I24 SAMAR 540.4431s0 "145 51 101 S4 60 12 sa1765651
9RTI0.6NMu INmtUWi0r4 S 600.000 i 029180 511.361.761SII764M7 t7 866.9)7 f7199}941 t77177710 tl 20121 SI 8S7)78
11MTumt Nu1tWiW 7T et1NIm1.Wt IaafPitC R $55]I8314 37 M2612 13436.104 311911260 tl 0H001 $1.00)I Vckmum 117.13R.1 7W7 7
a u
T9b1 9 /1 4 6 ..........
) t i ti f) [111 1, 101 f / 1 t1 0
Rw9n 2019 SOSD 2021 ]0 3U7 202i 20D 3026 202 2021
;.talta6•1NSIN -w cow 1ls-056,010 t 112.610 0140110i1 {33.U)Oil 1H,a44}66 ;147So ssl 124814.681 u 962351 to W]010 i7SK Tn
7 61 Tuni4 AdmHki-lrtk INS 66W ratkm r-6 G0H 14" 6949 t 1)91i 4161m 31)f397 1271416 l]•10547 6199171 14 i HDA462 IS17,114
1TAll"111 Gun N /W t770.J10 S989619 1139 dos S19 S31 7N ml 14,014 1IM1977 87010 A42&754
1fA/gmula GumY NM 1 t0 10 0 t0 $390,147 i87 t3 187 syglal SWAM 11,34(,)10
MA 3W4 WG9a1 Y OnnubGranff Rn7 LRtl to Sol t0 to s0 s0 SO to So so
OIIIN Naw I.M.Wan OrenH rtl6T r114VA 53000000 00001000 Oba SI ig0000 S)'00Oa0 800000 S7 i0000a Sl ON go 000 000 IXOAOQO
"AjFDOrl44 Stal A95YrtefWtW-d GWh f"IRT SO to t0 1,1947 401 $1941 491 11 8 9S7 $140,7U.510 $13161 ie9 t S6UU2 9 9i 990
0
on Ib Rw4m1n i )D 9 ,3 T 4 11 \ 1 7 2f ]T,90,I t 4S $1 5 4 7 {
G R11Rw uOt NIXw CA N41 Gtb S1006406593 Ismanam i)01.B7F.771 f270,147,645 (181.141,03/ 51714D,559 S)IS961396 U18OVA96 391750 U f736,91T/67
9 t 45 f101t.241,0111 11211421519 \
Pro 1•ant•nTaY0. 2U99636D ID>29t 76 i3U0 f18 i118 tl 01 f]1713b 117 ]0701]910 40 17677 I N 1 II 6 44 I
Il•H S46 of Tonl Swta•Rwtnue 510,149.913) lIJ.B(A,6AJ1 (518,)52,1)7 ife,d41,675) t19,166,5711 ("9,879,341 Ism4lS,8114 (12D11611101 111.533.715 1);114,6D1
R•m W An4R61 S.MX 0.awnu8 S192 MS N7 S330,1142114 31 UOIfi 3tdto8059 1267,771,806 317702791 W7901795 6SOU111142 1400,13t,271 420177110
(Br9wA00a,0 At1n M1OS b10e04V z51S,056899 1114,4A6,710 i751,947,7031 12,41096,901 3169,5)S,fT9 s7U,130,240 S716.895,115 WIP1169.010) (t7346V.145 S409.691,354
T E 9r- t'm nN • do 161411913 111069N1 $24,679,M $U,473,121 123-98d0o7 t3650603 631 bi3 10 t27 KI" t29180741
tld11 NIN dm 1091 5u W R4 .i.
DV41 FOOMP 0G MmUftft ObuNn Ca IWI 8M 01N $11,204,1191 10641210 $11477841 110013,022 U26]7660 07 U2U 110,697690 114254,431 111391 224 1141ti 1S
city Bro u 60 12 7447U 623115191 42.M/9f0 tD+Ud000 08062039 14111173/ 41 61940 tb 98,461 11700E O3
CR Pro t0onlf to 1416 46 1
0 426006E 11168E 6 N/66,466 ;1166,i8d 116166E 1464d6 $0
TOTAL 013 S94 391 1137 117U UI a9041 697 3S0 672 19f al9 i]3 107 93D 09) 6i]79 091 181 7\Di6 690 810 a51 7U,0i7)p
page 7
A'2
Exhibit A: Regional Mobility and Transportation Surtax Initiative
OPERATING 2019 2030 2031 103E 2073 3014 2025 10IB 3017 103E
sblN 0•ErtJ Honor ntant sNl>@46D tNJ,691 s15 fI50J46 O11 f15]erd 406 It51 wl W1 f1 aN fl6 1/86 f16],O317fi LLOJ071/3 NNw1 wl
P+utransk nlian0 fs56M,WS Ss9011,)70 ' 'sum N4lS•1.593 f701s9,s31 114,6109N 110,IN.150 683,915,421 t69 m w6 6941W I
Nxw 10 .M SersYe 717n Sll J19 w0 f171655,717 f179 w66J7 17 654)1 t+79 )96 f1511I1161 St$6.05253 $Iw,34467S 417171 ON ft61914.417
kYw Ilor,M11 DOW LA S2140.0% 11A,M 3,2 349,610343 151llS253 S51.86501I SS1,4%961 f619N.15) S64700.96S IfASSAM $686491762
PutA Worth I501,19) 1410,411 tu 141 f6/6J 973 1?3 156 S7,P)82e 16110.ow 5867211% 69ossm1
rransA Seaur Mann 2687)2 S114W 7051 1 i 0))w7 702E ri IIIs915 11 413 133O5695 0U66 0,501.011
TeWO raU Cm4 347955095 76/076077 $40 211881 $414,402770 $43711,141160, 400911 71 N71908 8/ 1496 S500U 316951078 15331660/7
Ravanu40 20" 2030 2411 701E 2033 2014 2631 2036 2031 2016
Slaluf •C.11 TImd fl)4JS14S 6137.230S1 S1340516m SIN.876,550 $173710.901 3136,S55791 1177411,429 SI6D9970 f1391551621
4P61-14 albb SNI9 Tbs a aw-lb P am Wu N.1N,9 N 4 9 $J 74 453
PIU4k Walt 0 0 t0 so so 60 to s0 to f0
Smla Back Granb•lbw Dm t7V1038 17971,59S 1031851 tem7S70 1 140,911 811691 168941 $11,01 001 5II,SSI545 S119S4440
Elmo 6'05k nnnb•Ik+v l6t 511810)) f 15494 f 71e971 13M141 /7436.226 t3,09311 N.063.$1? 14,206,084 i4.112,267 91,46222E
ellOmn lh sRwOnue I1616) Sf Il9)29 fl W1710 fll JN ne f1196J.115 112521116 t1 m11s 6I4,2419f9 1 27E 115.1 74
Paa8o1 Re1enua•)pn Bus {15.177.9t1 $2/710177 $19613026 7 740491 S3)0001761 34 751224 $15,012,406 $38.9R,4W 1 wJ 4113m375
it retlM7an•I ♦ 4 S76 7414 7w11 799 1 + 7 3M
ffi 7
ua4 1112,US,f97 /111,201,7U $107,3N181 f20D260.931 $205,176,020 f200,0 17 f 1 16B,U 17701 9171 6] 3 876E f]0 7 1f
op.. RR74mra minw.op. Colt f301113114I t177704,88+ 17013911T1 f214,1417977 612r4743,n01 f141.051,990 Sll0.1Jf.]9P 677036Ba401 f191 SSa)fifi flOt,i66869
Ra f v nal fs1 ttl f18]f177/1 171 N IU 10 U7 t21 111111 riT }11 N]U0 1 !1 N6 ]U MM 1)d 11 U 9 A1100 166 U01 86/10
Cash 01 20 f0f1 # O11 7071 201! ]6 0 1078
9111.Q.,-ban PAW 0041 02614115 71wm 6191010.14) SHAM?" 292w 7 WASUS 01.014.855 $325021.10
Nb0Mbr1 V9hkW $4166119 11331 LO J{ 111 4,10410 412 U7 SOfd 611 t52/1sm fS467♦w 15701)f9 55,029139
Iks1 E0 .lWf lenkd lken NM YehkMt SO tl{761111 1929730 60 SIf OOd617 N.1 111 t0 /16400.111 S410434 0
N9w X. .Bus farrita man Samml Ven41tt1 t0 60 514,147,m1 404/210 01S129t0 612.7/4.1f/ 111 flt.dtl 119,70771 di)91
IIM Inhafuu0 rtl f2S0525)% sm.omns {7]4H 411 111 9191E 18119793E 4139795E 10 10 So
Rqv RT,AMkkf t 595917 10 t0 SO tU l 8m 0 t0 o 0
P.m Waks N0.71l d1 f16f 7t01 S19 9t SSE N 110.W1 II9/9 n1 7171 fl 146E 9m f3SB9t134 1,1 71
09w 0AT&Pw smlg .m. tl 37 t01 1270 4677 JI&S15,211 )730171] /131 MI 916571674 $19,256,411 t15.521,416 S11.01ull IITS O61
kCw T-W MR-1- f117e1667 $1/195319 111,67 190 $21,181463 SI 76SN5 $10.150.104 116456,16E t16,949AS1 022 766 1267 414
4 7
7ata1 Caf11 i 1 7 677 1 f/7 M 7 6 1 /17 /14 1 f 9F 0 1 0 i t AP 4
It— 2038 7030 201, 2032 0 2614 lose 2429 20" 2031
imm Q.6•f1bH 1-1C m f71717.ml $24,07DID17 t 41 111 67 76)4N 127,110,201 11746110 IN,849438 121214,2N t1 t03W) tE 99/m
tnblal TYu0X A0mIn7uN1uM RA 0 M1Bus ra4Ali6t lgmub reams NCw fN 9X7 6181012 t199bw "W9N 1629901 6M 4 t61E16S 7//14 141E 76
fTA fpmub Glamf Naw 1 !SAW t/931 069 t! 17 IN SOW HI 5 t91 117 t 1 17N IS 4N 7 1 fS WJ ft IJB f 115 16
rU ram,b Matt Nrn LR 11N Uo II3463m S737f U1 f7.771171 t17111I 11 E77 71 22,629.115, 12,62111% IMAMS 6287611E
FYA 9awMGbtl ralmuU Gl,lml RIw LRI f0 67w800 tlwom 6109600 MAN f2.1751m t2.Woo 12471.200 S747 2m S4,240,600
W11MI WOlb66bnY)C0)t MO.),I m0 t39w000 11000.000 f) Dm $3. 000 t Owwo 11000.00D 53,00t000 n000coo, nommo
rfN007 U9n 6u045m10 sum OelleuaN faanb lbw LAT t11 47 461 97944.9w t0 So 7641006 t/179379 1101101,411 18,6/7450 ittJ1,714 t920SU7
PT 7 4 7 9 l ) ♦4 I 4
eV t'a RtwnYH 617 1 1 16 f I7 1 7 1 11 / 1 166 3 40 1M1200'10
/ f SIZI.M.O17 (0115.46f.367 WS1114D3i6 (570 /II),B20,B99 358309616 7 ) 4 > 0 909 11IA 11 f1100 9 6 S 2069021 S47Shc1 )L 5717/ }7(t11,114,911 {J],f54,>DO f]♦,601,48) (3T6,263,)l3) (W.147,6t6) (016,648.4P11 .1701 S7e,106,9I6 ({]6,065,p)J6471f11f1/ 4317 711 /41l171117 /1)410181 $490048741 641J010019 $511021 730 ftlt6 f17/,OIL710 $54 454 NBerd Ce.a lalln Ap MI.41h S41d.J61.)17 0191,367,461 1197.091.366 1364,464,40T) N50,w0.751) f 417,317061 i334.119,741 .3477 f40437/]OS f301,1784eSBroward Co.COMl f 211699U 020E 69 $3646]246 $30U119] 6111200E 3 9 op 3 b6111 27 3!9!!n0 1173141ECb Atldk9 NIA-" 0%6f 1u ..u6ObatlM410 a/csmmk fhultw"P"and0 /1)424.06 t16841,)L 01101 187 W101990 201ati60 111 007 $17,359,317 61 10'SUbf f6 7fl6C Pro 12177 114 $26771646 W,92 40] 5609e U1 6711d6419 41 17 f 14» 314 147 8091/77/ A 9077DMY Ore t C0M1 0 0 26f deb 4 IB U6 0 118 4U N Sds U6 N 1f1661 I lU dUTOTA 111 fl ]61 1441t13f1 f2E0109724 .11 U19s! f41001 )1 t690N If0 16s,7t469) 663 $1 12120w9 611TU/674
P.I.2
A-3
Exhibit A: Regional Mobility and Transportation Surtax Initiative
OPERATING
Cab 2039 Sw0 SH1 3H3 2043 20N 1w} m46 iwr. 2w1
Suluf vb-84aun ir+nW rgibn)
NPmexa4ani4.Bvt S+tIrMan[ic Dun SDfI 99,w1304.016390 R321D 0J 52426)I.055298 3f215153718661.065691 Sf2Itl291,015J59.O61w1 3S521391167,.B0G71117,9811E f119w)05156,OISNI $32104}81169J775.61I0E5f1 ff11o531 4S11 009799 SIfO>83165 5174,111,411
09117 3N)
SILO eM 30i fIfA S9i,e)1 1271.W7.4]i
tMw 0l karl furwtfl0.7) S>4707,235 f72914111 514.01f 4iD S77dG5.912 N9,583,B89 SB197190b $314 545 386,964485 189577.349 492,159,540
Puge WakD 49,]841Vi f9.910.6)D f10,515375 f10,70733161135]tl7B 5115874i6 3124D 1i6 fIt1591S S17]5,4f1 {140J5 WS
Tran1850:ut a0ens J6I7111 7720589 787E m1 )94)11J SA 0635tl8 N18t S5G S4 1 4+17 78 1875/5S f79698 , 11
TeblO aratl Cab }660 H173 t581,H Sf9 /6a]000 tl51 fB2) J496/ }HD197316 367/058,156 56H fOB lDO 111 69 5 151 4f3 i)1190-9—t9
Pevenuu 2010 SHE 2041 2042 7a43 2044 304S lw6 ]NI 1018
5btvt u0.6kn U.- 10b.$ St 014574 SI4 N5,013 S141857 144 S1A7,IOL172 4143,711.310 1144.665.712 5145,676,779 5146, 5/ SIi7,587,340 $149,501.J61
POMhantd alai Stile 4aM00Mi RMlvank M1 um OMaO H791.009 f4,840817 S4089 4S N938,170 SOVA19 f5.031.394 $5017.769 f51 W6 35170.07E 0.241931
Rigb Waln to 10 t0 so $2 to to so to So
Stile awkG BO•N.0. S17,93700 St1SS6564 $14024132 414,445.517 f1511861Gi9 S15,709,541 MAW? 116911/7) 517 R1.651 SI/,W9.)6i
fbk blal Grsnb•N§+v lkt N.596.IOE T319{S N,17d OD1 fE 011.1H t5,fI7,953 153E0141 55487986
i5657675 t1177101 55.99}870
Atl Ot00r flew BNnnve 1901699 $17106.610 $17676BS8 1120),IW 19 W7d23 31961443E $20.70771 S21121015 1SEI.IN.S7t 77.479703
Farabm lbrmwl•Naw gut ml .23) '41960381 149,620330 HIMS1120 f53731110 W.W.606 SS7153234 f59941166 1 tb 166968
f u23•fkw 7 D ISB9687 1177 ......
9 8N 1 5 d]653 MAMA
Tetal0 ISU keYanuu 6235,L38,317 $300,77170 $7H,203.731 $248,009342 f38f716,357 $2EImI tll7 f26 5 3946 t 61.H9A01 {37).790,419 1 700m,735
0 -m k0VUw01 MInw0 tatl Caib 11326,405,655 (SN7.56510607 (050,797121) (4174,716.622) (094.110,3A9) (S4f7,76),339) 11431,54.011 (5453.246,760 H71,f60.065 (1403,A30.053
M dv k fu6dln Iar O tl 5 6 40}i 0 1 9 2361.060 1 63SC707,321274 1 3 81E 1 *3017201e9 241 763 319 1431 504 451 S453,20,1so f 72 f 10 0f6 1405,410.003
C9bb, 1010 1040 2041 1041 2047 20 4 2049 2046 3947 2046
S 0O •-1Wi Tb BG $21.10S,fe3 4 M. 3 13AW7677 f1537132 SJ6139,540 $36020319 11777 012 315S10S $39371981 $40231311
Wra9bnwt Venkkt 1oI0}2 411703 S 670751 f 977061 612146H }],SOMA VAMP 116.1eo 0.439996 tox?595
Newm .Ouf$arvBe FUn IkB Ytbtltl 1991l JW i 17]418 H t0 060386S 3D 10 f 111 i06 10 id
ItMm f,bu}Se.ka POn 0.§ tdmml YCIM") so 1717S6.112 f25771193 69,23)S27 to d9 741 571,M,141 WAVE! 1S9.7S410)
NM LRT Inhaliintl0k $0 f0 f0 SD fd So {0 to
N¢w 111ME,,- o 30 0 30 0 SO t0 fd 10 to
mn�--
--mwf']IX11 49,344.fSS f79MN7 JH 554249)a 351491386 158U?.j$ 140.060A770 310439967 4521E ODO M mAG
T Wtlnhaibutlme30 SD SO 30 SD f0t0 70 N f0
anM lnlrauvbw¢IT !}1 ii 565 $24986215 19 W4 W0 S23B4B4O8] i}433.716 R2 114,11) f 78]Jf41 fE]416.ii2 519961§4 DSO dGl870 4 7CeabH60041642 t311 1 8St 1 m 31 f $1 et7 14341 G3 Wo 71 %a1ea2041 1042 r 1Nf Sw4 1040 20/1 10/ 2048
•EabO TrYiSSG i l 200765 4]611719 11U17131 11147i)2E 631915096 $323WH3 37814f56 ttlo tremb MlmMlhiblbn ITA A tit T4t41rla,tanaula 0nO NM+ 7199f6 t742%47 1)45810 sms818 SI61.21/ t)W.498 SJH 999 ] 0 80.199 f7 1%
mvk Granu NM Bw 1112N 137391 s41W/68 f 26i 16B 36,194A03 t J2080 i 1100 G 17 7J OUsi S 555151
rmuk fdMlS Nen lk17,876,J14f16117ft 17W831S f362B 715 37,629111 92.629.315 $2.61o315 fL82031S S161DJI5 32.621,11S
I¢q Gb600.c aFgmuY naNiE 800 N E 6W 14,140600 14750200 S4,7folaw t415030D S47f0200 N,)S 7o0 D{)5 700 fd750.100
ew Wq4 Warb Otaflb F00TNM MIA 13.004000 u000,000 S 000000 f3tl00000 t1D04bor1 f)000000 t1000000 S] wo f oo0 51,000,00OT fk+r SUdV5ma05Om tleeUwna G-t,II§w t0.150. $0 W to 30 so 0 10 t0 so Stl
9 f fl6n S fSA6122110 118.671.403 019211.M M AbIlAy 128.915.650S 1 923 11 Lon C
Tefa IW fv6nuel f6 3 41 t 31 B61 905 t {I,BIO 3sy 4 } l9 9 74A64,301 $74,343,827
G kel kavanuu Mlnuf l OalCmb $000.700 $1$270767 649,104,3441 {7010)f,916 $53,815.B03 574,71 l6/ D40,150203 W518.131 S? jS135,430854
N uWkfu 134L31312OR $40,220142u O3I 91i 618 d 0 i7 0 BDI 40 D 71f 0 3
9!a fedi eent 6alM Tak ewanw $602,104,017 $60891 411 01 ]ei O/t {01]2/)B9E 639 DItl 05 {677 dlt H amos3 f11484 f07 .733740m 7u 40950
(t9u 599 el Tbtai SBlb+ftw4nu¢) 129.445,701 $30,443621 3)i,35)6551 t]1,f 11.e0a1 $)2,979.900) (S3),ed9,331 034757 03) uSr727.9b57 ($36,607,4/S 3Jf 670,047)
0.tmelnl A A 1 1563,316,816 3578141,804 f5tCONA02 t610115714 H26609108 $642 112 d6b802230 /67/776 Ht 66970d2211 }t1e612,902
10remJd Ca.O raUnabfa kal DPOtill NaB,)10.855T 13D070,101 fA0A,00i 66} S'sw),53] Siba,5Jb,190) ($451,479,708) 1021.734,6561 f49I,1dI.561 (15}1061,765 13070,b50f)d
TeW Aroward Ce.Centl a 36493310 34271ev 1770731d> 0749S13D 634,739.360 619508350 10106 tt] N1 u1/9 1] Bd 9l1 {177N f7i
..AIIBwUaD'MlgmOm f0%W B R5ven09 t
01ree1 tvndl tf Cemm9nil ehldUa Ca ltal and0 M It l7B 16d $29713.49} 19,636 i3S 21344727 f30'051GD }17500770 11,189 E u910E H 41d 416,619 1107d lm
Cky 9ro iS9 570 N7 {1911/6895 i1397H SSB SfS 7l9 mi fill 98]}9B 121733 B56 f9D,814000 SH 2H 11 /0]7B9 betl !0 tit 70
tll Pro CO I n rc i t6 868 H 1tB 666 N 161 N6 f1 160 686 14 it6 668 4 16/666 N 186 d68 i4 16 66B 4 166 d66 $1 t66 tl/7
TOTAL $24901 474 $1030HD16 $103,KU4 $160,730,"I SiJ9Il54]i $149,410,002 11E7,6E0100 W"0741 $131371,971 17B 7J4 di0
Page 3
A-4
Exhibit B - Reporting Requirements
The County and each Municipality shall submit to the Oversight Board an annual detailed
report of the progress made in carrying out their respective projects funded through the
surtax. The report shall be audited by an independent CPA, with an opinion as to whether
the financial information is presented in accordance with Generally Accepted Accounting
Principles and whether the projects are in accordance with the ILA. The audit shall
contain sufficient information for the Oversight Board to determine if the project
expenditures conform to this Agreement and applicable law. In this regard, the report
must include cumulative financial information for each individual project undertaken
pursuant to this Agreement.
The annual report must conform to the report format presented below and must include
the following three sections:
Section One presents expenditures for the current year and the cumulative expenditures
for each project as follows:
1) A description of the project;
2) The projected costs of the project as originally approved by the Oversight
Board;
3) The cumulative expenditures for the project up to the beginning of the year
being reported;
4) The expenditures for the project for the current report year; and
5) The total cumulative expenditures for the project as of the end of the current
year being reported.
Section Two presents the Statement of Revenue, Expenditures, and Changes in Fund
Balance for the separate account/fund established for any and all Surtax funds received
pursuant to this Agreement, and includes:
1) Revenue received by source;
2) The project expenditures;
3) Administrative costs including, as applicable, salaries, contractual services,
and capital outlay;
4) Debt service, including principal and interest;
5) Other expenditures; and
6) The beginning and ending fund balances.
Section Three presents the Balance Sheet for the Surtax fund.
The annual report should include appropriate footnote disclosures in support of the items
presented in sections one to three and include disclosure of any issue of noncompliance
with this Agreement or applicable law. The following is a sample format of the required
report.
B-1
Sample Format for Financial Information for the Annual Report
XYZ Municipality/County Receiving Surtax Funding for Fiscal Year Ended September 30, 201x
Section 1: Project Expenditures(to include detail on Project components of each approved project)
Description Project Project Expenditures Current Cumulative
Budget through Prior Expenditures Expenditures
FY
Project 1 ## ## ## ##
(Show detail of expenditures by budget line
item
Project 2 ## ## ## ##
(Show detail of expenditures by budget line
item
Total ## ## ## ##
Section II: Statement of Revenue, Expenditures&Changes in Fund Balance
Revenues:
Surtax Receipts
Other
Interest #,
Total Revenues #
Project/Activity Expenditures total from Section I, Current Expenditures) $#,###,###
Administrative Costs:
Salaries
Contractual Services ,
Capital Outlay
Total Administrative Costs # ,#
Debt Service:
Principal # ,
Interest # •
Total Debt Service ,
Other Expenditures # ,
Total Expenditures
Excess of Revenues Over Expenditures # ,#
Fund Balance October 1
Fund Balance September 30 ##,# #
Section III: Balance Sheet
Assets in detail
Liabilities and Fund Balances in detail
B-2