File #: 2004-0244    Version: 1
Type: Ordinance Status: Passed
File created: 5/17/2004 In control: Regional Transit Committee
On agenda: Final action: 7/6/2004
Enactment date: 7/14/2004 Enactment #: 14959
Title: AN ORDINANCE adopting 2005 Transit Program Financial Policies.
Sponsors: Rob McKenna
Indexes: Finance, Transportation
Attachments: 1. Ordinance 14959.pdf, 2. 2004-0244 attach A 2005 transit financial policies.doc, 3. 2004-0244 staff report, 4. 2004-0244 staff report 05-19-04 RTC.doc, 5. 2004-0244 staff report attach 2 2004 transit financial plan.xls, 6. 2004-0244 staff report attach 4 methodology letter May 28, 2004.doc, 7. 2004-0244 staff report attach 6.xls, 8. 2004-0244 staff report attach 7 Custom Bus April 2004.doc, 9. A. 2005 Transit Program Financial Policies
Drafter
Clerk 05/10/2004
Title
AN ORDINANCE adopting 2005 Transit Program Financial Policies.
Body
PREAMBLE:
Adopted transit financial policies require maintenance of a multiyear financial plan and cash flow projection of six years or more, estimating service growth, operating expenses, capital requirements, reserves and debt service.  The transit financial policies are reviewed annually by the regional transit committee, which may recommend policy changes to guide development of a new six-year transit financial plan.
      BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
 
      SECTION 1.  The 2005 Transit Program Financial Policies, Attachment A to this ordinance, are hereby approved.
ad requirements
none