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For capital expenses, FDOT toll revenue credits are used as a 20% nonfederal soft match (which effectively provides for 100% federal funding of capital expenses). The use of a soft match eliminates the need for the County to provide a cash outlay for capital expenses. According to applicable regulations, toll revenue credits may be used as soft match only for capital expenses. For operating expenses, however, the nonfederal share is provided through a combination of local funds and Florida Department of Transportation (FDOT) public transportation grant funds. Attached to this report are copies of the County's proposed grant application for the Section 5307 and Section 5339 programs. As required by Federal Transit Administration (FTA) regulations, the grant application was prepared using FTA's TransitAward Management System (TrAMS) software. As it has in the past, the FTA requires grantees to utilize its TrAMS software in the development, submittal, modification, and management of grants. For the combined FTA Section 5307/5339 application for FY 2022 (Attachment #1), the total proposed budget amount is $5,360,095. Of that amount, the federal portion is $3,804,712 which consists of $2,249,329 in capital expenditures and $1,555,383 in operating expenditures. For the nonfederal share of capital expenditures ($562,332), the County will use toll revenue credits as a soft match. For the nonfederal share of operating expenditures (50%), the match will consist of $777,691.50 in FDOT grants and $777,691.50 from Indian River County. In this case, the County's contribution consists of previously approved general fund monies budgeted specifically for this purpose. According to federal grant requirements, the designated recipient (Indian River County) must hold a public hearing to obtain the views of citizens on the proposed grant application. In keeping with that requirement, staff has published a notice of the public hearing. As a necessary prerequisite for submittal of the application, the MPO has included the proposed Section 5307/5339 funding in its FY 2022-2026 Transportation Improvement Program (TIP). The proposed grant application is also consistent with the MPO's adopted ten-year Transit Development Plan and 2045 Long Range Transportation Plan. To apply for the FTA funds, the Board of County Commissioners must adopt the attached resolution (Attachment #3), authorizing staff to submit the attached grant application. The resolution has been reviewed and approved by the County Attorney's Office. FUNDING For the local share of the nonfederal match, funding in the amount of $777,691.50 will be budgeted and available in the General Fund / Community Transportation Coordinator account (Account Number 00111041-088230). These funds are part of an allocation given to the Senior Resource Association to provide transit service in the county. A portion of these funds will be used in FY 2022, with the remainder being used in FY 2023. C:\Users\ufc-prod\AppData\local\Temp\BCL Tech nologies\easyPDF 8\@BCL@C81F3CAE\@BCL@C81F3CAE.docx 71