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provide ADA service to Pleasanton residents to be $330,000 in Fiscal Year 2022/23, <br /> $412,000 in Fiscal Year 2023/24, and $471,000 in Fiscal Year 2024/25. <br /> In consideration of an equitable revenue sharing option, Nelson Nygaard developed <br /> different funding options for the City and LAVTA to consider. Options provided all <br /> Pleasanton MTC TDA 4.5 funds and a portion of MBB funds to LAVTA. The suggested <br /> revenue sharing arrangement was based on retaining the Pleasanton Rides program <br /> without impact to the general fund, maintaining an adequate Measure BB reserve fund <br /> balance to purchase program vehicles, and providing some City transportation specific <br /> funds to LAVTA. <br /> DISCUSSION <br /> The table below is divided into three sections to show: <br /> 1. Estimated transportation-specific funds for Pleasanton Rides available (before <br /> revenue sharing with LAVTA) <br /> 2. Estimated LAVTA costs to provide ADA service to Pleasanton residents and City <br /> revenue sharing subsidy to LAVTA <br /> 3. Estimated expenses and revenues for Pleasanton Rides, after revenue sharing <br /> with LAVTA as well as City costs to continue Pleasanton Rides, accounting for <br /> Measure BB reserves. <br /> The timeframe for these estimates is January 1, 2023 to June 30, 2025. The <br /> Memorandum of Understanding (Attachment 1) reflects the same timeframe. This <br /> financial model assumes: <br /> 1 . Pleasanton Rides will continue service Monday — Friday, 8 a.m. -5 p.m. <br /> 2. City will continue to purchase vehicles for the program with Measure BB <br /> reserves. The cost to the City to purchase vehicles is less than the increased <br /> cost for the service provider to purchase and own vehicles. <br /> 3. City will share the transportation-specific funds with LAVTA: <br /> a. Fiscal Year 2022/23 (half of a year) — 50% of City MTC TDA 4.5 and <br /> 12.5% of Measure BB funds (12.5% is based on a full year at 25%) <br /> b. Fiscal Year 2023/24 - 100% of City MTC TDA 4.5 and 30% of Measure BB <br /> funds <br /> c. Fiscal Year 2024/25 - 100% of City MTC TDA 4.5 and 35% of Measure BB <br /> funds. <br /> Estimates assume the City will purchase a vehicle annually, budgeted at $115,000 from <br /> program reserves, for the next three years. As the table shows, Pleasanton Rides will <br /> be able to operate with no general fund subsidy, although with a decreasing reserve <br /> fund. The table further shows a 2.5-year revenue sharing increase to LAVTA of <br /> $193,800. <br /> Page 3 of 5 <br />