ATTACHMENT B
SUMMARY OF MAJOR CAPITAL IMPROVEMENT PLAN
REVISED POLICIES RELATING TO SUBMITTAL OF ANNUAL REPORT • The approved Measure I Capital Improvement Plan is due to SBCTA by September 1st. • Total planned expenditures are limited to 150% of estimated Measure I Local Street Program (pass-through) revenue over the five-year period plus carryover funds from previous fiscal year’s revenue, and any revenue resulting from bond secured by pass-through revenue. • The expenditure of Measure I pass-through revenue is limited to those projects listed in the current year of your CIP. Funding can be moved between projects listed if needed. However, a revised CIP is no longer necessary if expenditures exceed the CIP estimate. • Jurisdictions must meet the Maintenance of Effort (MOE) requirements by maintaining General Fund expenditures for transportation purposes at the MOE base year level adopted by the SBCTA Board and including a statement in the Resolution listing the base year level.
Jurisdictions that have a $0 MOE base year level are not required to include this statement in the Resolution.
• As noted in the cover letter, the distinction between Categorical Projects and Named Projects has been removed per updates to the Local Street Program policies. Therefore, Categorical Projects are no longer limited to 50% of the estimated fiscal year revenue. For eligible and ineligible project expenditures, please see the revised Local Street Program polices in Attachment G.
• Capacity enhancements must be listed as a named project rather than being included in a citywide program.
Measure I 2010-2040 Strategic Plan Policies are in the process of being updated on our website, so please see Attachment H for revised CIP Policies.