Reso 2008-153 - Laserfiche WebLink

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WEST SAN LEANDRO SHUTTLE BUSINESS IMPROVEMENT DISTRICT ANNUAL REPORT FY 2008-09 The Executive Director, SLTMO and City staff will continue to examine if it is economically feasible to expand the LINKS service to Merced Street, Williams Street and Fairway Drive corridors in West San Leandro. In addition, they will continue to explore fmancially viable technologies that will improve the operations and service of LINKS. 2007-08 Actual Budget LINKS was not successful in securing a BAAQMD grant in FY 2007-08 and only $32,000 in TFCA grant funds from the Metropolitan Transportation Commission (MTC) remained. As a result, the Redevelopment Agency provided one-time gap funding of $160,000, significantly more than the $56,000 to $82,000 provided annually in the past. Although the Agency supports a portion of LINKS cost of operation, the Agency directed LINKS to diversify the revenue stream. Expenditures for FY 2007-08 were approximately $30,000 (7.8%) less than the adopted budget. The decrease in program costs can be attributed to decreasing operation costs of MV Transportation services as a result of the use of gasoline shuttles which are more cost effective than diesel or CNG shuttles. 2008-09 Proposed Budget There are several major changes to the LINKS budget for FY 2008-09. First, the proposed expenditure budget will be approximately $400,000, an approximate 5% increase over the proposed budget for 2007-08. This increased cost is a direct result of the anticipated increase in the costs associated with the shuttle operations related to fuel, labor and insurance, and the increased contingency figure. The following is a narrative of other budgeted items for. • Effective July 1, 2008, some of the Executive Director's duties were transferred to San Leandro Redevelopment Agency staff. A copy of the letter from the Executive Director outlining his duties and responsibility is attached as Exhibit C. The responsibilities assumed by the City of San Leandro's Finance Department and the Redevelopment Agency staff are included as Exhibit D. • LINKS was successful in securing a TFCA grant for $165,000 over a two year period. The FY 2008-09 budget reflects $82,500 in TFCA grant funds. • The Redevelopment Agency will provide funding of up to $140,500, to fund the budgetary gap after collecting BID fees and the grant funding. A three-year Lifeline grant from the Alameda County CMA in the amount of $405,000 is pending. Preliminary reports from the CMA show that the SLTMO application is at the top of the priority list for award. The award of this grant would reduce Agency contribution by $75,000 in FY 2008-09, but might not be received until FY 2009-10. 5 I ~'