RES 2026017 - Laserfiche WebLink

Alameda CTC Agreement No.A26-00XX and the San Francisco Bay Area Rapid Transit in meeting its responsibilities under the American with Disabilities Act(ADA). 4. Measure BB DLD funds may be further distributed to individual cities within each planning area based on a formula refined by PAPCO and approved by the COMMISSION. RI?CIPIENT''s allocations are subject to change based on updated annual population figures. 5. The Paratransit Program Implementation Guidelines provide program eligibility and fund usage guidelines,definitions,additional requirements,and guideline adoption details.Said guidelines are hereby incorporated into this AGREEMENT by reference. ARTICLE II:PAYMENTS AND EXPENDITURES A. ALAMEDA CTC'S DUTIES AND OBLIGATIONS 1. Within five working days of actual receipt of the monthly Measure BB sales tax revenues and VRF revenues from the California Department of Tax and Fee Administration,the bond trustee,or the California Department of Motor Vehicles,Alameda CTC shall remit to the RECIPIENT its designated amount of available DLD funds disbursed on a monthly basis by the formulas described above. 2. ALAMEDA CTC shall annually update Measure BB and VRF fund revenue projections and the resulting fund allocation formulas to reflect the most current population using the California Department of Finance's annual population estimates (Report E-1 published in May);maintained road mileage from the California Department of Transportation;and the number of registered vehicles in each Alameda County subarea,using registered vehicle data provided by the California Department of Motor Vehicles,as it is made available.ALAMEDA CTC shall use the updated Measure BB and VRF program allocation formulas in the allocations beginning July 1 of each new fiscal year,which is from July 1 to June 30. 3. ALAMEDA CTC shall report monthly to the public the amount of Measure BB,and VRF revenues distributed to RECIPIENt'by each fund type monthly and for the fiscal year. 4. ALAMEDA CTC shall provide for an independent annual audit of its financial statements including revenues and expenditures and its calculation of the allocation formula for distributing Measure BB and VRF revenues to the various recipients,and render an annual report to the COMMISSION within 180 days following the close of the fiscal year. 5. AI„AMEDA CTC shall provide timely notice to RECIPIENT prior to conducting an audit of expenditures made by RECIPIENT to determine whether such expenditures are in compliance with this AGREEMENT,Measure BB Expenditure Plan,or the VRF Expenditure Plan. Page 4 of 9