File #: 2006-0232    Version: 1
Type: Ordinance Status: Passed
File created: 5/15/2006 In control: Regional Transit Committee
On agenda: Final action: 5/30/2006
Enactment date: 6/1/2006 Enactment #: 15487
Title: AN ORDINANCE adopting the 2007 Transit Program Financial Policies.
Sponsors: Reagan Dunn
Indexes: Financial Policies
Attachments: 1. 15487.pdf, 2. 2006-0232 staff report (05-17-06).doc, 3. 2006-0232 transmittal letter.doc, 4. A. 2007 Transit Program Financial Policies, 5. A. 2007 Transit Program Financial Policies
Drafter
Clerk 05/11/2006
title
AN ORDINANCE adopting the 2007 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 2007 Transit Program Financial Policies, Attachment A to this ordinance, are hereby approved.
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