1. Rural Transit Invoice New Invoice
May 15, 2007
Brett Harris, Ohio Dept of Transportation
(614)

2. 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)

3. 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

4. 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

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

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

10. 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)

11. 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

12. State Payments
Evenly Spreads State Funds
Reduce Overpayments