File #: 2002-0441    Version:
Type: Ordinance Status: Passed
File created: 9/16/2002 In control: Regional Transit Committee
On agenda: Final action: 10/21/2002
Enactment date: 11/1/2002 Enactment #: 14506
Title: AN ORDINANCE adopting 2003 Transit Program Financial Policies.
Sponsors: Rob McKenna
Indexes: Transportation
Attachments: 1. Ordinance 14506.pdf, 2. 2002-0441 revised staff report, 3. A. 2002 Transit Program Financial Policies, dated October 16, 2002, 4. A. 2003 Transit Program Financial Policies
Drafter
Clerk 10/17/2002
title
AN ORDINANCE adopting 2003 Transit Program Financial Policies.
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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 2003 Transit Program Financial Policies, Attachment A to this ordinance, are hereby approved.