File #: 2005-0235    Version: 1
Type: Ordinance Status: Passed
File created: 7/18/2005 In control: Regional Transit Committee
On agenda: Final action: 8/22/2005
Enactment date: 8/29/2005 Enactment #: 15258
Title: AN ORDINANCE adopting 2006 Transit Program Financial Policies.
Sponsors: Pete von Reichbauer
Indexes: Transportation
Attachments: 1. Ordinance 15258.pdf, 2. 2005-0235 staff report.doc, 3. 2005-0235 Transmittal Letter.doc, 4. A. 2006 Transit Program Financial Policies
Drafter
Clerk 05/20/2005
title
AN ORDINANCE adopting 2006 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 2006 Transit Program Financial Policies, Attachment A to this ordinance, are hereby approved.