Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Financial Authorization
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request for discussion and possible action on the allocation of FY24 METRO Transfers.
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Background and Discussion:
Request for discussion and possible action on the allocation of FY24 METRO Transfers. FY24's METRO revenue amounts to $54,935,000, of which approximately $38,103,488 is anticipated to be certified on the August 6, 2024 meeting of Commissioners Court. It is anticipated that the remaining approximately $16,381,512 will be certified once METRO approves of the remaining invoices already submitted by Engineering. The total amount is an increase of $10.7M from last year due to a period of slightly longer than 12 months since the previous revenue transfer.
Once Commissioners Court provides direction on what amounts or percentages to allocate to each precinct, the Office of Management and Budget (OMB) will submit the budget transfers for the precincts on the following meeting of Commissioners Court. As additional revenue is certified, OMB will return with transfers on the Commissioners Court meeting subsequent to any revenue certification.
Since FY19-20, Commissioners Court has allocated METRO funding to precincts equally (25% to each commissioner precinct). Commissioners Court may choose to continue this method of allocation or approve a different allocation method. OMB recommends that a common methodology be used for all funds transferred in FY24.
Expected Impact:
Increased funding for eligible projects.
Alternative Options:
Commissioners Court could retain these funds ...
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