File #: 2007-0483    Version:
Type: Ordinance Status: Passed
File created: 9/17/2007 In control: Regional Transit Committee
On agenda: Final action: 10/1/2007
Enactment date: 10/12/2007 Enactment #: 15914
Title: AN ORDINANCE adopting 2008-2009 Transit Program Financial Policies.
Sponsors: Reagan Dunn
Indexes: Financial Policies, transit
Attachments: 1. 15914.pdf, 2. 0919 Revised Staff Report Transit Financial Policies.doc, 3. 0919 Staff Report Transit Financial Policies.doc, 4. 2007-0483. Attachment 1 to Ordinance.doc, 5. A. 2008 Transit Program Financial Policies, 6. A. 2008-2009 Transit Program Financial Policies, dated September 19, 2007, 7. A. 2008-2009 Transit Program Financial Policies, dated September 19, 2007
Title
AN ORDINANCE adopting 2008-2009 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 every two years 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 2008-2009 Transit Program Financial Policies, Attachment A to this ordinance, are hereby approved.