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WEST SAN LEANI)RO SHUTTLE BUSINESS IMPROVENI ENT DISTRICT ANNUAL REPORT KV 2010 -11 2009 -10 Expenditures Expenditures for FY 2009 -10 were approximately $341.000, less than FY 2008-09 and less than the FY2009 -10 Adopted budget due to reduced expenditures for consulting, marketing and advertising. Adherence to the operating schedule also maintained costs by preventing overage in personnel wages. Income for the fiscal year was less than projected as the BID fees received was $16.000 less than projected due to downsizing of businesses (reduction in workforce). Lifeline Grant funding from the MTC was also $120.000 less than budgeted clue to delays in processing and being awarded. The $195.000 grant funding that was expected in FY 2009 -10 will be spread out to the following years (see next section). In order to cover these shortfalls, the Redevelopment Agency contribution. which was zero in FY 2009 -10 but had been $100,000 to $200.000 in FY 2006 -07 through FY 2003 -09, was increased to $50.000. 2010 -11 Proposed Budget The LINKS budget for FY 2010 -11 can be found on page 5. The proposed expenditures total $339,920, slightly less than $340.732 the actual expenditures in FY 2009 -10. The following is a narrative of other items of interest. • 131D revenue is projected at $120,000. about the same as the FY 2009 -10 Actuals amounting to $119,247. • The $195,000 grant funding from MTC that was expected in FY 2009 -10 was delayed and will now be dispersed as $75.000 in 2010 calendar year and as $120,000 in 2011 calendar year. In addition. the funding to be received is expected to be less than the total amount since they were awarded as specific percentages against higher operating expenses. The cost reimbursement basis for 2010 was up to 23% percent of the total expenses up to $75.000 and for 2011 it was up to 29% percent of the total expenses up to $120.000. The total expenses that were projected for those years were $420.000 per year. Since operating expenses have • been kept at much lower amounts the expected reimbursement may be lower than the maximum reimbursements, absent a revised agreement with MTC. The FY 2010 -11 Budget on page 5 show an estimate of the grant funding that will be received during the fiscal year. not the maximum award amount. • The SLTMO will continue to pursue additional grant funding for FY 2010 -11 and beyond. such as the Transportation Fund for Clean Air (TFCA) grant funding administered by the Alameda County Congestion Management Agency (ACCMA). A TFCA grant of $66.605 is anticipated for FY 2010 -11 although the funds are unlikely to be received prior to FY 2011-12. due to the reimbursement process. 41Pagc