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Transfer of Funds - Local Transportation Funds - Accountant Jensen
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Requested Action(s)
recommendation
Authorize Chairman to sign the Increase of Funds Request of $91,552.87 from Local Transportation Fund (LTF) 50710-50710-410081 (LTF ¼ Sales Tax) Transfer to Admin 527-3033-4712201 (LTF Contribution); This is the annual LTF disbursement.
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Financial Impact:
This transfer will be funded by LTF Reserves and will not have an impact.
Background Information:
These funds represent the annual Local Transportation Fund (LTF) contribution for the Tehama County Transportation Commission (TCTC) and Tehama County Transit Agency Board (TCTAB) administrative expenses. This funding supports staff time, operational costs, and other administrative expenses necessary to fulfill the planning, oversight, and management responsibilities of TCTC/TCTAB. These resources ensure compliance with state and federal transportation planning requirements while facilitating essential transportation programs and services for Tehama County.