Rural Transit Invoice New Invoice May 15, 2007 Brett Harris, Ohio Dept of Transportation Brett.Harris@dot.state.oh.us (614) 466-7440

Invoice Formula Calculation of Non-Fed Share Total Operating Expenses (TOE) Less – Fare and Incidental Charter Revenues (FICRs) Equals = Net Operating Expense (NOE) Federal Funds Eligible (FFE) The lesser of 50% of NOE or Federal Contract Amount NOE minus FFE = Non-Federal Share (NFS) (no change in above formula calculation)

Invoice Formula Less Local Share Revenues (LSR) Except for Local Cash Other Allowable Federal Contract Revenue Advertising Revenue Contract Maintenance Revenue Investment Income Other Revenue Contributed Services State E&D Funds

Invoice Formula Local Share Calculation Eligible State Reimbursement (ESR) NFS minus LSR’s Less Available State Contract (ASC) Up to Maximum State Contract Amount = Local Cash Requirement ESR minus ASC

Formula TOE Minus FICRs = NOE Calc FFE NOE – FFE = NFS Less LSRs = ESR Less ASC = LCR

State Contract Payment Change 1/12 of State Contract Amount Only Overpayments are Adjusted

Example State Contract Amount: $12,000 1/12 regular monthly: $1,000 1st Quarter overpayment: $500 2nd Quarter underpayment: $400 Adjustment Months: May, August, November, February (Final)

1st Quarter 2nd Quarter 3rd Quarter Jan $1,000 Feb $1,000 Mar $1,000 Apr $1,000 May $500 1st Qtr Over Payment Adj. Jun $1,000 3rd Quarter Jul $1,000 Aug $1,000 2nd Qtr Under Payment Adj. Sept $1,000

State Payments Evenly Spreads State Funds Reduce Overpayments