Laserfiche WebLink
EXAMPLES <br /> <br /> Cumulative Local <br /> 1. Amount Paid to <br /> Match <br /> Treasurer/ACTA Short fall <br /> Obligations <br /> Citv X $ 600,000 $ 700,000 <br /> Citv Y $ 300,000 $ 300,000 <br /> Citv Z $ 300,000 $ 200,000 <br /> TOTAL $1,200,000 $1,200,000 $0 <br /> <br />In this example, even though City Z is $100,000 behind in its cumulative obligation <br />to ACTA, there is no shortfall, and hence City Z owes no additional revenues, <br />because ACTA has received the total amount of the cumulative Local Match <br />obligation through that fiscal year. <br /># <br />Cumulative Local <br /> 2. Amount Paid to <br /> Match <br /> Treasurer/ACTA Shortfall <br /> Obligations <br /> Citv X $ 600,000 $ 700,000 <br /> Citv Y $ 300,000 $ 300,000 <br /> CitvZ $ 300,000 $ 150,000 <br /> TOTAL $1,200,000 $1,150,000 $50,000 <br /> <br />In this example, there is a $50,000 shortfall. City Z will need to fund the $50,000 <br />shortfall from sources other than TVTD Fees. <br /> <br />Joint Exercise of Powers Agreement Page 9 of 21 <br />TVTD Fees for Traffrc Mitigation June 2, 1998 <br /> <br /> <br />