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A summary of the substantive new policies that will be enacted by the MPFA and <br />Implementation Guidelines follows: <br />• Timely Use of Funds/Reserve Fund Policy: Increase the accountability of the City in <br />planning for and expending funds <br />• Rescission of Fund Policy: Fund redistribution mechanisms for enforcement of the <br />Timely Use of Funds Policy <br />• Transportation PMoses Only Policy: Improved definition of authorized fund use <br />• Non-Substituti n of Fund Polic : Requires City to supplement existing revenues used for <br />transportation rather than replace these funds <br />• Fund Exchange Policy: Specifies that fund exchanges must be made for transportation <br />purposes <br />• Staff Cost Limitations Policy: Eliminates the ability to charge indirect costs to funds <br />• Bicycle/Pedestrian Plan and Complete Streets Policy: Requires the City to keep its <br />Bicycle/Pedestrian Plan up to date and adopt a "Complete Streets" policy <br />• Pavement Condition Index (PCI) Reportiag: Requires the City to report its PCI and our <br />plan to improve it <br />IICh-fp011depi$1ES1_Transl0utside AgendOACTOFunding AgreementlFTCPrepMemoACTCMPFA-02-01-2012. doex <br />