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HomeMy WebLinkAboutres2011-025 WHATCOM COUNTY COUNCIL AGENDA BILL NO. AB2011 - 267 CLEARANCES Initial Date Date Received in Council Office Agenda Date As*igned to: g PW Committee/ Originator: JPR . 3. t, U J , E a p V E D 8/9/2011 Introduction Public Hearing/ Division Head: JPR 7A0 9/13/1011 . . Adoption Dept. Head: ,if,' s *et ( AUG 62 2011 Prosecutor: Drf f9X// 1 V � ATCONl. COUNTY COUNCIL Purchasing/Bud: - • . Executive: • , ', Ø\/ i -d -- v f lie TITLE :'• DOCUMENT: Resolution in the matter of the Whatcom County Six-Year Transportation Improvement Program for the years 2012 through 2017 ATTACHMENTS: 1. Memo to County Executive and Council Attachment "A " — 2012-2017 Capital Project Priority Order and Financial Distribution by Year Attachment `B1-B4"- Road Fund Balance, Revenue, Expenditure, and Capital Funding Projections Attachment "C" — Roadway Priority Rating Program Attachment "D" — Bridge Report Attachment "E" — Bicycle Pedestrian Advisory Committee — Email Commentary 2. 2012-2017 Six Year Transportation Improvement Program Resolution Exhibit "A " — 2012-2017 Six-Year Transportation Improvement Program Exhibit `B"- 2012-2025 Fourteen-Year Ferry Capital Program SEPA review required? ( ) Yes ( X ) NO Should Clerk schedule a hearing? ( X ) Yes ( ) NO SEPA review completed? ( ) Yes ( X ) NO Requested Date: 9/13/2011 SUMMARY STATEMENT OR LEGAL NOTICE LANGUAGE: (If this item is an ordinance or requires a public hearing, you must provide the language for use in the required public notice. Be specific and cite RCW or WCC as appropriate. Be clear in explaining the intent of the action.) Each year the County is required to update its Six-Year Transportation Improvement Program (STIP), per RCW 35. 77. 010 and RCW 36. 81. 121. The STIP includes the capital elements of the first six years of the Fourteen- Year Ferry Program. The STIP is intended as a planning tool for local, state and federally funded projects and is designed to identify projects for preliminary engineering, right-of-way purchase and/or construction. COMMITTEE ACTION: COUNCIL ACTION: 8 / 09 / 2011 : Discussed and moved forward to 8 / 09 / 2011 : Introduced Council 9 / 13 / 2011 : Council Amended & Approved 7 -0 Res . 2011 - 025 Related County Contract #: Related File Numbers: Ordinance or Resolution Number: Res . 2011 -025 Please Note: Once adopted and signed, ordinances and resolutions are available for viewing and printing on the County 's website at: www. co. whatcom. wa. us/council. PROPOSED BY : Public Works SPONSORED BY : Consent INTRODUCED : 8/9/ 2 (111 RESOLUTION NO 7011 - 075 WHATCOM COUNTY SIX-YEAR TRANSPORTATION IMPROVEMENT PROGRAM FOR THE YEARS 2012 THROUGH 2017 WHEREAS , pursuant to RCW 36 . 81 . 121 , Whatcom County is required to prepare and adopt a Six-Year Transportation Improvement Program each year; and WHEREAS , pursuant to RCW 36 . 54 . 015 , Whatcom County is required to prepare a Fourteen -Year Ferry Capital Program each year; and WHEREAS , following adoption of the Six-Year Transportation Improvement Program , the law required an annual review of the work accomplished under the program and a determination of current transportation needs ; and WHEREAS , based upon the findings of the annual review, and after a public hearing , a revised Six-Year Transportation Improvement Program shall be adopted ; and WHEREAS , pursuant to RCW 36 . 81 . 121 , the Six-Year Transportation Improvement Program and Fourteen -Year Ferry Capital Program must be consistent with the County comprehensive plan pursuant to RCW 36 . 70A ; and WHEREAS, the Six-Year Transportation Improvement Program attached hereto as Exhibit "A" has been reviewed and determined to be consistent with the County's comprehensive plan ; and WHEREAS , the Fourteen -Year Ferry Capital Program attached hereto as Exhibit " B" has been reviewed and determined to be consistent with the County's comprehensive plan ; NOW, THEREFORE , BE IT RESOLVED by the Whatcom County Council as follows : Page 1 1 . That the Whatcom County Six-Year Transportation Improvement Program for the years 2012 through 2017 , which is attached hereto as Exhibit "A", including the capital elements of the first six-years of the Fourteen -Year Ferry Capital Program , which is attached hereto as Exhibit " B", is hereby adopted . 2 . That the County Engineer is directed to file a copy of the same with the County Road Administration Board and the State Secretary of Transportation . APPROVED this 13th day of September , 2011 . 01 c\ NATO J 0 . . WHATCOM COUNTY COUNCIL A11 �: s O COUNTY • • WHATCOM COUNTY, WASHINGTON • r ,9•-•::-. %rat E Dana'-growls 1 'a if$ @Pk ofjhe Cbuncil Sam . Crawford , Council Chair _ . • % t `��� APPROVED D' AS-'rOtO - ' Devy24D , Dan Gibson , Civil Deputy Prosecutor Page 2 . a Washington State Department of Transportation Six Year Transportation Improvement Program Exhibit "A" Agency: Whatcom County From 2012 to 2017 Co. No.: 37 Co. Name: Whatcom Co. `"` Hearing Date: 9/13/2011 Adoption Date: 9/13/2011 City No.: 0000 MPO/RTPO: NON/WCCG Amend Date: Resolution No.: 2011-025 I Project Identification ' Project Costs in Thousands of Dollars A PIN/Federal Aid No. B. Bridge No. = m "" Expenditure Schedule Federally Funded c s, m l o c 02 Fund Source Information p Projects Only d o H : c a C. Project Tide E a a e .0 10 ; ° E f n v s Federal Funding (Local Agency) I C o p_ = D. Street/Road Name or Number oR w EL Required d i State Local Total Envir E Beginning MP or Road - Ending MP or Road _ Start fund Cost b Fund ; F. Describe Work to be Done I a {mm/dd/yyyy) : Code 1 Phase ' Code i Funds Funds Funds 1st 2nd i 3rd T Type (MWyy) 2 3 4 5 6 J 7 8 9 10 11 12 I 13 ' 14 I 15 16 17 18 19 20 21 07 1 E 1 CN 1/1/2012 I RAP ! 80 201 100 1001 iii 03 S 0.84 P Lincoln Road - I T 3 26190 C !from: 0.1 w of Shintaffer Rd to: Harborview Road W 3 Jfecsstrucuon and non-motorized enhancements. i I 1__..._ Totals 80 20 100 100 "_ .. 07 2 12 S 0.30 C PE 1/1/2012 RAP 50 ..."_, _,.._, 50 .50 RW 1/1/2012 RAP 1001 100 100 CE Birch BayLyndenRd/PortalWy 05 G CN 5/1/2013 STP(R) i 1050 RAP 550 ` 1600 1600 ° 121580 / 30410 03 0 from: to: i P ' # ISl9nauzaton I 1 T 4/1/2013 i _ t 1 W Totals 1 ,050 700 1750 150 1600 t J PEI 1/1/2012 Discretionary 60 60 60 00 3 € 12 S I 1 C RW 1/1/2012 151 15 15 CE Rural Road Safely Program 06 ; I G i Various } 0 P CN 6/1/2012 Discretionary 1239 1239 1239 i €I€ :from: to: i 03 i • I Various safety improvements on Rural Roads. ? T 1 4/1/2012 W .. .. ..,. ....._ ' . L. _„_ _ . ,. .Totals. 1 ,299 .15 1314 . 1314 „ ..,m . _ _. ......._. ...... .. 1.14 T 07 4 12 P PEI 1/1/2012 30 30 3D Birch Bay Drive Pedestrian Facility 05 (' P l I 20010 32 j w from: Alderson Road to: Harborview Road I S i IPedestrian & non-motorized enhancements I• ; • 1 _ ,. . ..._....... ..._"_ "._ i Totals.. 30 30. , _.. 30 i PE 1/1/2012 ' [ 50 50 201 30 07 ( 5 12 p 0.10 C 1 Birch Bay Lynden Road/Blaine Road SR 548 05 I G 21580 I I 0 'horn: to: P S inteection improvements. I rs I T _ I w " Totals _.... 50 50 20 _._. _..... ... .. ...... . . ... i i PE i 1/1/2012 l I 30 30 30 ' 00 6 O6 { S ! 0.25 , P CN I 6/1/2012 I 270 270 270 I Point Roberts Transportation lmprovemenl 32 jj i T ' I W ( from: to: I i C € Project location to be determined in 2010. ' ... _ I __ i Totals 300 300 3®_ Report Date: September 74, 2011 Page 1 v. 5.7 - Supersedes previous editions a. Washington State Department of Transportation Exhibit "A" Six Year Transportation Improvement Program Agency: Whatcom County From 2012 to 2017 Co. No.: 37 Co. Name: Whateam Co. Hearing Date: 9/13/2011 Adoption Date: 9/1312011 City No.: 0000 MPOlRTPO: NON/WCCG ._. Amend Date: Resolution No.: 2071-025•' Project Identification I i Project Costs to Thousands of Dollars i .- ... :__._. _ _.. Federally Funded A. PIN/Federal Aid No. B. Bridge No. i _ t o m Fund Source Information Expenditure Schedule Projects Only 2 n c .° ! C. Project Title I Er' 3 ` m 1 °o ; (Local Agenc ) t, m o E I o a 9 ' U 2 Federal Funding R/V1l Li U a Z D. Street/Road Name or Number r i m Y o Phase Federal Federal State 4th Required E. Beginning MP or Road - Ending MP or Road E ~ 1 to- s o Start Fund Cost by Fund State Local Total Envir. Date I i mm/d Funds Funds. Funds 1st 2nd 3rd I Thru Type F. Describe Work to be Done a d/ywy) Code Phase Code 6th (MM/Yl� 1 E 2 ? 3 4 5 6 . 7. . .. 8 9 10 11 12 13 14 15 i6 t 17 18 19 20 I 21 07 7 13 S 0.1 T CN 7/1/2012 STP(R) 470 1 93 563 563 Bay Road Fish Passage Culvert P I CE Yes I23500 ; w torn: to: 3 Fish passage advert, 7/1/2012 Fi Totals 470 93 563 563 17 8 PE 1/1/2012 50 50 50 i 07 S l 3.07 ' , CN 6/1/2012 I 700 € 700 700 Lake Whatcom Boulevard i i a 44120 from: Strawberry PL Rd, to: Lake Louise Rd" F Structural overlay Totals 750 750 750 07 9 PEI 1/1/2012 ' ., .. `_.. . .. . . . . . , _ ._..._ ... a Hannepan Road 07 I S 1.51 CN I 6/1/2012 € 400 400 400 1 55110 I E 'from: Scott Ditch to: Lynden C/L Structural overlay I (. _._... _.. ..",..-._. Totals 440 440 440 .., . 16 10 05 P 0,26 C PE 1 6/1/2012 I I I f 1ao I 1001 100 mmµ West Bakerview Road i 06 P 75010 T from: Bennett Drive to: Bellingham City Limits tt Re-channelization and pedestrian improvements. 2 P i. .. ._ . _ ..,.... . ! .. . . Totals ._ 100 100 i00 1 I JJ i i PE 1/1/2013 I [ 40I `40I 40 f_._..__ — ____ . ...... .1 07 I 11 i 07 P 4,0 i P CN 6/1/2013 1 € 400 t 400 4001 E Smith Rd/Everson Goshen Rd T ( i I 55230 / 55080 t ! l ; . l from: to: Pavement rehabilitation 4.. _ Totals 440 440 440 07 12 05 P 0.30 i P PE 1/1/2013 I I { 10 10I I i0 . , Slater Road Intersections 12 T . 14760 I C 'from: to: w Install turn lanes at Imhof Road and Ferndale Road. I > ?.,.... E Totals _ ... ... 10 10 10 V. 5.7 - Supersedes previous editions Report Date: September 14, 2011 Page 2 suop pa sno!Aaad sapas.iadns - L'S .A £ a6ed L LOZ 'PI. 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'rs i ti { _..w • Overview This program provides a blueprint for the effective , efficient, and continuing operation of the Whatcom County Ferry System . Capital improvements are scheduled based on 83 years of experience operating and maintaining the system , while complying with applicable regulations . Inevitably, priorities and available funds for the ferry system will change over the fourteen years projected in this program . Therefore , the intention of the program is to be a guide indicating long-range improvements and anticipated revenues and expenditures . Strict adherence is not required . Enacted in 1975 , Revised Code of Washington (RCW) 36 . 54.015 states "The legislative authority of every county operating ferries shall prepare, with the advice and assistance of the county engineer, a fourteen year long range capital improvement plan embracing all major elements of the ferry system . Such plan shall include a listing of each major element of the system showing its estimated current value , its estimated replacement cost, and its amortization period . " Table 1 : Ferry System Current and Replacement Values - 2009 meets applicable requirements, showing the current value , replacement cost, and amortization periods for the vessels and facilities. The current value of the MN Whatcom Chief is the book value , calculated from the depreciated original construction cost and any depreciated improvements/major repairs . The facilities' current value is book value : original cost less depreciation plus depreciated improvements . RCW 36.81 . 121 ( 1 ) states " . . . the legislative authority of each county, after one or more public hearings thereon , shall prepare and adopt a comprehensive transportation program for the ensuing six calendar years . . . And for those counties operating ferries shall also include a separate section showing proposed capital expenditures for ferries , docks , and related facilities . Copies of the program shall be filed with the county road administration board and the secretary of transportation not more than thirty days after its adoption by the legislative authority. . . " Subsection (2 ) requires expanded information on how a county will spend all its money on the various facets of the transportation program . This RCW Section was enacted in 1961 . The capital expenditure portion of Subsection ( 1 ) is satisfied by: Table 2 : Projected Revenues defines the known and/or anticipated sources of operating and capital project funding for the 14-Year Plan . Table 3 : Projected Expenditures includes all other expenditures on the system that meet Subsection (2 ) requirements . Operational expenditures are delineated between vessel and non-vessel costs . U . S . Coast Guard regulations currently require the ferries to be dry-docked every two years , however to extend the life , - 2 - improve reliability and protect our capital investment Whatcom County schedules dry-docking every year for its vessel . The landings are inspected regularly as required by the National Bridge Inspection Standards administered through the Washington State Department of Transportation . The inspection report helps identify and schedule major maintenance and replacement of these facilities . This RCW section also provides the reporting requirement and timing of program submission , as well as establishing the annual update requirement. Additionally, the Federal Highway Administration requires all agencies within a Metropolitan Planning Organization to develop and annually update the long range Transportation Improvement Plans and their Biennial Element. Whatcom County updates this 14-Year plan each year and incorporates the results into the Six-Year Transportation Improvement Program . Major Project Analysis . Pending sufficient grant funding (est. $850 , 000) , a complete replacement of the current wheelhouse is planned to improve control operations with modern equipment, improve access and compliance with ADA, and to improve safety of vehicle loading/unloading operations . There is $70 , 000 in 2012 and $ 5 , 000 in 2013 for design of each of these pilot house upgrades . Gooseberry Point dock improvements include $250 , 000 for structural steel painting/sealing in 2012 . There is an additional $ 100 , 000 included in 2013 for associated dock components that have significant deterioration concerns . For 2012 , $ 100 , 000 is included to address ferry queuing issues and traffic congestion on Haxton Way, and $200 , 000 for ferry parking facilities due to expiration of parking lot lease . Lummi Island dock improvements include $200 , 000 for structural steel painting/sealing and miscellaneous dock upgrades in 2012 . Major Maintenance/Reconstruction Pile, dolphin & fender work: Major pile dolphin and fender work replacement is scheduled as funding and operational periods allow. Vessel dry-docking : US Coast Guard regulations require periodic inspections of all ferry vessels . In addition to yearly certifications , each vessel is required to be dry-docked every two years , with an underwater hull survey required as part of the annual certification between dry dockings . Whatcom County schedules dry-docking every year. The engine overhaul , vessel painting , hull repairs , and other major and minor repairs occur during dry-docking. Propulsion engine overhauls occur every third year. Generator engines are overhauled on a six-year cycle . Engines - 3 - are replaced every seventh overhaul . Every three to five years , a vessel survey is conducted to assess the vessel' s overall condition , establish the fair market value , estimate replacement cost, and provide a detailed hull strength assessment. This survey is used in part to determine the requirements for hull plating and framing replacement, and is also a requirement of the current insurance carrier. Minor Maintenance General minor maintenance is continual on the ferry, landings, aprons, and waiting facilities. The costs and extent of the work is unpredictable and frequently, problems must be repaired immediately upon detection. Routine maintenance such as building painting and roof cleaning is more predictable and scheduled in advance. History of the Ferry System The ferry system is the only link for the majority of Lummi Island residents and vehicles to the mainland at Gooseberry Point. Total annual passenger use is stable with vehicle trips of 110 ,405 and 197 , 980 total passengers during 2010 . Following is a brief chronology outlining the history of the Whatcom County Ferry System . YEAR/EVENT 1926 Lummi Shore Road from Bellingham was completed and a ferry, the Central , owned by Whatcom County and large enough to hold six small Model-T Fords started making scheduled runs between Lummi Island and Gooseberry Point. . 1929 The slightly larger Chief Kwina replaces the Central . 1950 Gooseberry Point terminal built. 1962 The MN Whatcom Chief begins service . 1978 Lummi Island terminal is relocated . 1982 New lift mechanism installed on transfer span at Lummi Island . Gooseberry Point pier refurbished 1987 Gooseberry Point Transfer span , wing walls and dolphins replaced 1997 Major refurbishment of Gooseberry point landing accomplished 2002 20-Year Plan Phase 1 Process and report completed . 2005 . Major Status Report on Ferry System 2006 Lummi Island Dock preservation project (Bearing Seats Rebuild ) . Major corrosion repair to vessel hull . Completed design package for a 35-car replacement vessel . Completed design package for urgent electrical/structural terminal repairs . First Rate Increase in 5 years . 2008 Rate Increase . 2009 Rate adjustment 2009 Emergency wing wall replacement on Lummi Island . 2010 Emergency wing wall replacement on Lummi - 4 - TABLE 1 . FERRY SYSTEM CURRENT AND REPLACEMENT VALUES - 2009 VESSELS MN Whatcom Current Statistics Chief LENGTH (ft) 94 BEAM (ft) 44 DISPLACEMENT (tons) 78 YEAR BUILT 1962 CAPACITY -- Passengers 100 CAPACITY -- Cars 20 CURRENT INSURED VALUE - 2009 $970,000 TOTAL CURRENT VALUE - 2009(1 ) I $970,0001 Replacement Statistics YEAR 2010 CAPACITY -- Passengers 100. CAPACITY -- Cars 20 REPLACEMENT VALUE - 2009(2) $3, 750, 000 TOTAL - REPLACEMENT VALUE - 2009 1 $3,750,000 FACILITIES REPLACE MENT CURRENT REPLACEMENT LOCATION YEAR BUILT YEAR BOOK VALUE(4) VALUE - 2009(5) Lummi Island Landing Transfer Span 1982 2022 $ 195, 000 $ 1 ,990 ,000 Dock 1978 2018 $23,000 $360,000 Dolphins/Wingwall(3) 1978 2018 $485,000 $ 1 , 750,000 Parking Lots 2005 2045 $50 ,000 $85,000 Passenger Waiting/Office 1978 2018 $ 10, 000 $25,000 Subtotal - Lummi Island Landing $763,0001 $4,210,000 Gooseberry Point Landing Transfer Span 1987 2027 $445, 000 $2,200,000 Dock 1997 2037 $87,000 $590,000 Dolphins/Wingwall(3) 1997 2037 $640,000 $ 1 , 750,000 Subtotal - Gooseberry Point Landing $1 ,172,000 $4,540,000 TOTAL FACILITIES VALUE TOTAL VESSEL & FACILITIES VALUE 4 _s t ' � ` NOTES : (1 ) Depreciated Columbia Sentinel Engineers (2008) Value plus Depreciated Improvements (2) Appreciated Columbia Sentinel Engineers (2008 ) Replacement Value (3) Replace with Steel Pilings (4) Estimated using a 40-year life and straightiine depreciation (including depreciated improvements) (5) Replacement value based on cost estimates by Art Anderson Associates (2007) - 5 - Lummi Island Ferry 14-Year Capital Program Table 2. Expenditures 2012-2025 Page 1 , All in 000's . I 20121 20131 20141 20151 20161 20171 2018 Operating Expenses Vessel Operations Personnel 1 ,089 1 , 130 1 , 170 1 ,211 1 ,254 1 ,299 1 , 338 Fuel & Operating Supplies 482 595 730 757 780 799 824 Insurance 70 70 70 70 70 75 77 Other Operating Expenses( 1 ) 603 621 640 659 679 699 720 Total Vessel Operations 2 ,244 2,416 2,610 2, 697 2, 783 2,872 2 , 959 Other Operations Administration 224 232 240 248 257 266 274 Parking Lots Lummi Island 11 12 12 12 13 13 13 Gooseberry Pt. 89 90 91 91 92 92 95 Staging Areas Lummi Island 13 14 14 14 15 15 15 Gooseberry Pt. 13 14 14 14 15 15 15 Docks Lummi Island 42 43 43 44 45 45 46 Gooseberry Pt. 42 43 43 44 45 45 46 Total Operating Expenses 2,678 2, 864 3,067 3, 164 3,265 3, 363 3,465 Capital Expenditures Major Vessel Upgrades 70 5 Gooseberry Point Docks 250 100 Staging 100 Parking 200 Lummi Island Docks 200 Staging Parking Total Capital Program Costs 820 105 - - - - - Total Costs 3,498 2,969 3,067 3, 164 3,265 3,363 3,465 NOTES : ( 1 ) Includes dry dock costs - 6 - . Lummi Island Ferry 14-Year Capital Program Table 2 . Expenditures 2012-2025 Page 2, all in 000's 20191 20201 20211 20221 20231 20241 2025 Operating Expenses Vessel Operations Personnel 1 , 378 1 ,419 1 ,462 1 , 506 1 , 551 1 , 598 1 ,646 Fuel & Operating Supplies 858 892 892 928 965 1 ,003 1 ,044 Insurance 79 81 84 86 89 92 94 Other Operating Expenses( 1 ) 742 764 787 810 835 860 886 Total Vessel Operations 3,056 3, 157 3, 225 3,330 3,440 3, 552 3,669 Other Operations Administration 282 291 299 308 318 327 337 Parking Lots Lummi Island 14 14 14 15 15 16 16 Gooseberry Pt. 98 101 104 107 110 113 117 Staging Areas Lummi Island 16 16 16 17 17 18 19 Gooseberry Pt. 15 16 16 17 17 18 18 Docks Lummi Island 47 49 50 52 53 55 57 Gooseberry Pt. 47 49 50 52 53 55 57 Total Operating Expenses 3, 576 3, 692 3,776 3, 898 4,024 4, 155 4,289 Capital Expenditures Major Vessel Upgrades Gooseberry Point Docks Staging Parking Lummi Island Docks Staging Parking Total Capital Program Costs - - - - - - - Total Costs 3,576 3,692 3,776 3,898 4,024 4,155 4,289 NOTES: ( 1 ) Includes dry dock costs - 7 - Lummi Island Ferry 14-Year Capital Program Table 3. Revenues 2012-2025, All in 000's 2012 2013 2014 2015 2016 2017 2018 Category Punch Card Fares (3) 1 ,085 1 , 132 1 ,221 1 ,264 1 ,309 1 ,344 1 ,388 Cash Fares (4) 271 283 305 316 327 336 347 (Memo 55% of Operating Cost) ( 1 ) 1 ,356 1 ,415 1 ,527 1 ,580 1 ,636 1 ,680 1 ,735 MVFT Deficit Subsidy 160 160 160 160 160 170 170 County Road Fund Subsidy 1 , 134 1 ,289 1 ,380 1 ,424 1 ,469 1 ,513 1 ,559 Total Revenues 2,680 2,864 3,067 3, 164 3,265 3,363 3,464 Total Expenditures (2) 2,680 2,864 3,067 3, 164 3,265 3,363 3,464 Net Unfunded - - - - - - . . . . . . . . Category 2019 2020 2021 2022 2023 2024 2025 Punch Card Fares 1 ,437 1 ,488 1 ,525 1 ,579 1 ,635 1 ,692 1 ,751 Cash Fares 359 372 381 395 409 423 438 (Memo 55% of Operating Cost) ( 1 ) 1 ,797 1 ,861 1 ,906 1 ,973 2,043 2, 115 2, 189 MVFT Deficit Subsidy 170 170 170 170 170 170 170 County Road Fund Subsidy 1 ,609 1 ,661 1 ,699 1 ,754 1 ,811 1 ,869 1 $30 Total Revenues 3,576 3,692 3,775 3,897 4,024 4, 154 4,289 Total Expenditures (2) 3,576 3,692 3,775 3,897 4,024 4, 154 4,289 Net Unfunded - - - - - - - Note 1 : After Subtracting the MVFT Deficit Subsidy. Note 2: As Shown On Table 2. Note 3: Equal to 80% of Fares Note 4: Equal to 20% of Fares - 8 -