File #: 2003-0223    Version: 1
Type: Ordinance Status: Passed
File created: 5/19/2003 In control: Regional Transit Committee
On agenda: Final action: 6/2/2003
Enactment date: 6/12/2003 Enactment #: 14663
Title: AN ORDINANCE adopting 2004 Transit Program Financial Policies.
Sponsors: Rob McKenna
Indexes: Financial Policies, Transportation
Attachments: 1. Ordinance 14663.pdf, 2. 2003-0223 staff report 05-21-03 RTC meeting, 3. A. 2004 Transit Program Financial Policies
Drafter
Clerk 05/15/2003
Title
AN ORDINANCE adopting 2004 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 2004 Transit Program Financial Policies, Attachment A to this ordinance, are hereby approved.
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