Appendix 0:TIP Financial Plan.

Financial Plan


Federal regulations require the TIP to be financially constrained, specifically:

"The TIP shall be financially constrained by year and include a financial plan that demonstrates which projects can be implemented using current revenue sources and which projects are to be implemented using proposed revenue sources."


The financial plan must be developed in cooperation with the state and the transit operator(s) . INDOT and the transit operators have provided estimates of available federal, state, and non-federal funds, which have been utilized in the development of this plan. Only projects for which construction and operating funds can reasonably be expected to be available have been included in the TIP. The TIP includes all projects and funding strategies using funds from Titles 23 and 49, USC, other federal funds, local sources, state assistance, and private sector participation under Public-Private Partnership agreements.


A total of $939, 144,629 in federal revenues and $928,907,87 4 of federal expenditures are forecast during the 2018-2021 time period. The Federal Funding Summary Table displays the federal revenues and anticipated expenditures.


Revenues.

Federal revenue projections come from anticipated highway and transit appropriations authorized by the Fixing America ' s Surface Transportation Act or "FAST Act", which is the source of federal assistance for surface transportation projects for INDOT, Local Public Agencies (LPA ' s) , transit operators, and INDOT. NIR PC cooperates with INDOT and the transit operators to develop reasonable four-year appropriation estimates based on current (SFY 201 7) allocation figures and then projects these over the four years of the TIP. In most cases Federal Revenue is flat-lined (i.e., no year-to-year increases are forecast) .


MPO-Allocated Funds.

NIRPC allocates funds from both the FHWA and FTA to projects in both the Indiana portion of the Chicago UZA and Indiana portion of the Michigan City-LaPorte UZA. These funds include Surface Transportation Block Grant Program (STBG) , Highway Safety Improvement Program (HSIP), Transportation Alternatives Program (TAP), Congestion Mitigation/ Air Quality Program ( CMAQ), and Section 1 64 Safety Funds from FHWA. FTA funds allocated include Section 5307 /5340, State of Good Repair (SOGR) , Sec 5339 Bus Capital, and Sec 5310 Bus Capital/Operating.

Federal Funding Summary Table


Federal Revenue Source


2018


2019


2020


2021


Total


FHWA Revenue - Chicago

$

18,861.630

$

18,861.630

$

18,861,630

$

18,861,630

$

75,446,520

UZA


FHWA Revenue - Michigan

$

2, 112,562

$

2, 1 12,562

$

2, 1 12,562

$

2, 1 12,562

$

8,450,248

City UZA

$

6,980,644

$

550,000

$

-

$

-

$

7,530,644

(2014 PYB) - Chicago UZA


FHWA Revenue - Carryover

(2014 PYB) Michigan City

$

-

$

l.041,271

$

-

$

-

$

1.041,271

UZA


FHWA Revenue -INDOT STBG

Ill, STBG IV, Local Bridge &

$

10,931.216

$

3,904,632

$

186,240

$

103,392

$

15,125,480

TAP

$

3,629,247

$

1,767,504

$

-

$

-

$

5,396,751

Earmarks, SMFR


NPS Projects


$


-


$


2,200,000


$


-


$


-


$


2,200,000


FHWA Revenue - INDOT

$

98,813,507

$

42,923,421

$

66,255,015

$

20,693,893

$

228,685,836

Sponsored Projects


FTA Revenue - Section

$

16,230,000

$

1 1,964,600

$

12,203,892

$

12,447,970

$

52,846,462

5307/5340 Chicago UZA


FTA Revenue - Section

$

1,821.510

$

910,755

$

910,755

$

910,755

$

4,553,775

5307/5340 Michigan City UZA


FTA Revenue - Commuter

Rail State of Good Repair

$

35,265,358

$

18,163,405

$

18,526,673

$

18,897,206

$

90,852,642

(SOGR)


FTA Revenue - New Start

$

-

$

63,095,000

$

129,960,000

$

108,960,000

$

302,015,000

(Commuter Rail)

$

-

$

60,000,000

$

60,000,000

$

25,000,000

$

145,000,000

Capacity

Total Federal Revenue $ 194,645,674 $ 227,494,780 $ 309,016,767 $ 207, 987,408 $ 939,144,629


image

image

image

image


Federal Expense by Mode

2018

2019

2020

2021

Total


LPA Expense

$ 32,739,818

$ 26,21 1.975

$ 22,484.486

$ 31,976,521

$ 113.412,800


INDOT Expense

$ 98,813,507

$ 42,923.421

$ 66,255,015

$ 20,693,892

$ 228,685,835

NPS Expense

$ -

$ 2,200,000

$ -

$ -

$ 2,200.000


Transit Expense

$ 62,511.135

$ 155,754,225

$ 213.486,673

$ 152,857,206

$ 584,609,239

Total Federal Expense

$ 194,064,460

$ 227,089,621

$ 302,226, 174

$ 205,527,619

$ 928,907,874


Variance

$ 581,214

$ 405,159

$ 6,790,593

$ 2,459,789

$ 10,236,755