City of Albuquerque - File #: R-14-137

• File #: R-14-137
• Type: Resolution
• Status: Enacted
• File created: 11/17/2014
• In control: City Council
• Final action: 6/22/2015
• Enactment date: 7/2/2015
• Enactment #: R-2015-060
• Title: C/S Establishing A Minimum Systemwide Farebox Recovery Ratio For The Transit Department's Fixed-Route Service (Benton, by request)
• Sponsors: Isaac Benton (By Request)

Date	Action By	Action	Result
7/2/2015	City Clerk	Published
6/30/2015	Mayor	Signed by the Mayor
6/30/2015	City Council	Sent to Mayor for Signature
6/22/2015	City Council	Passed	Pass
6/15/2015	City Council	Accepted with a recommendation Do Pass, As Substituted
6/8/2015	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass, as Substituted	Pass
6/8/2015	Finance & Government Operations Committee	Substituted	Pass
5/11/2015	Finance & Government Operations Committee	Postponed	Pass
3/9/2015	Finance & Government Operations Committee	Deferred	Pass
1/12/2015	Finance & Government Operations Committee	Deferred	Pass
11/17/2014	City Council	Introduced and Referred
11/17/2014	President	Referred

CITY of ALBUQUERQUE

TWENTY-FIRST COUNCIL

COUNCIL BILL NO.            C/S R-14-137                 ENACTMENT NO.   _________________

SPONSORED BY:                     Isaac Benton, by request

RESOLUTION

title

C/S Establishing A Minimum Systemwide Farebox Recovery Ratio For The Transit Department’s Fixed-Route Service (Benton, by request)

body

ESTABLISHING A MINIMUM SYSTEMWIDE FAREBOX RECOVERY RATIO FOR THE TRANSIT DEPARTMENT’S FIXED-ROUTE SERVICE. 

                     WHEREAS, the Transit Department seeks the establishment of a policy that provides guidance for the setting of the prices of fixed-route service fare products; and

                     WHEREAS, the Transit Department seeks a farebox recovery ratio policy that provides for equitable sharing of costs, guides the Department in the pricing of Transit fare products so that these products are reasonably priced for the public, while generating a reasonable level of operating revenue; and

                     WHEREAS,  the two prime determinants of a systemwide fixed-route farebox recovery ratio are the revenue generated from the use of assets that are utilized in the providing of fixed-route transit service and the cost incurred to operate, maintain and provide this service; and

                     WHEREAS, the Transit Department seeks to establish a minimum fixed-route, systemwide, farebox recovery ratio and recognizes that it could take some years to achieve this minimum ratio. 

BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:

SECTION 1. Definitions

                     A. Fixed-route, systemwide operating revenues are defined as revenues received from the sale of fare products and revenues received from advertising on buses, bus shelters, and/or on ABQ RIDE software applications. Revenues received by the Department from other governmental entities for the Department operating contractual fixed-route service are excluded from this definition.

                     B. Fixed-route, systemwide operating costs are defined as in the United States Department of Transportation, Federal Transit Administration, National Transit Database Glossary. Operating costs incurred by the Department for operating contractual fixed-route service for other governmental entities are excluded from this definition.

                     C. Fixed-route, systemwide farebox recovery ratio is defined as fixed-route, systemwide operating revenues divided by fixed-route, systemwide operating costs.

SECTION 2.   By February 1^st of each year, the Transit Department will post for public review, including but not limited to the Department’s Web page, performance measurements for all fixed-routes operated by the Transit Department for the previous fiscal year.

SECTION 3.                       The Mayor or his/her designated representative, the Transit Department Director, will through the annual operating budget propose changes to the Fare Ordinance and the fixed-route operating system that will achieve a minimum fixed-route, systemwide farebox recovery ratio of twenty-five percent (25%) by June 30, 2022.

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