Metro Business Plan & Budget Fy2017
FINAL 11/7/16 METRO BUSINESS PLAN & BUDGET FY2017 FY SHAPING THE FUTURE 2017Metropolitan Transit Authority of Harris County, Texas September 7, 2016 Ms. Carrin F. Patman Chair of the Board Metropolitan Transit Authority Dear Ms. Patman: Please find attached the proposed FY2017 Business Plan & Budget for METRO, which includes the Operating, Capital, and Debt Service Budgets, as well as the projected transfer to the General Mobility Program. Section 451.102 of the Texas Transportation Code requires the Board of Directors of the Metropolitan Transit Authority of Harris County to adopt an annual budget which specifies major expenditures by type and amount prior to commencement of a fiscal year. In accordance with the code, we have prepared the proposed FY2017 Business Plan & Budget for the Board’s consideration at its September meeting. The annual budgets represent the maximum annual expenditure authorized by the Board to fund METRO’s FY2017 Business Plan. In accordance with Board-approved procedures, it is recommended that the Board adopt the following budgets for the Metropolitan Transit Authority of Harris County for Fiscal Year 2017 (October 1, 2016 – September 30, 2017). Operating Budget $ 568,071,000 Capital Budget $ 178,220,000 Debt Service Budget $ 99,308,000 Transfer to the General Mobility Program $ 169,842,000 A Public Hearing on the proposed FY2017 Business Plan & Budget is scheduled to be held at noon on Wednesday, September 21, 2016, in the Second Floor Board Room of the METRO Administration Building. The proposed FY2017 Business Plan & Budget is scheduled for approval by the Board at the regular September meeting scheduled for Thursday, September 22, 2016 at 10:00am.
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