Programs

Funding ››
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There are many kinds of capital funds available in TransAM. Different types of funds are distinguished by belonging to different Programs which address a specific set of needs and/or objectives. Funding Programs are set up by administrators and are viewable to all users. To review the different funding programs, perform the following:


  1. From the Main Menu select the Funding icon and hover over Programs to bring up a sub-menu of the different programs.
  2. Click on a specific program (e.g. 5337, TIGER, etc.) to navigate to the selected program's detail page.
  3. Alternatively, you can click on the Programs link to navigate to a table view of all the programs.


From both the program table, or detail page you can view the following attributes of the program: Name, Description, Details, Source (Federal, State, Local, Other), Type (Formula or Discretionary), Inflation Rate (if formula), Life of $ (yrs), Percent Match, and Valid From.



See the following properties for a funding program management:


Program

Property

Description

Example

Name

The name of the program

5307, 5310, 5311, 1514 Bond, etc.

Description

A brief description of the program.

e.g. 5307: Urbanized Area Formula Program

Details

Additional details for the program

5307: This program provides grants to Urbanized Areas (UZA) for public transportation capital, planning, job access and reverse commute projects, as well as operating expenses in certain circumstances. FTA apportions funds to designated recipients, which then allocate funds to state and local governmental authorities, including public transportation providers.

Type

Formula: Funds that are distributed to agencies by formula. The agency generally receives the funds on an annual basis.

Discretionary: Funds that are distributed by a competitive or discretionary process. These funds may not be provided to an agency in any given fiscal year.


While the exact amount of formula monies a transit agency will receive in out years is not known it can generally be approximated.

Formula Programs: 5307, 5311, 1517, ACT 3 ASG, etc.

Discretionary Programs: 5310, 5324, 5339, TIGER, etc.

Inflation Rate (if Formula)

If you have a formula program, you can enter the default inflation rate by which you expect the buckets amounts to increase. This allows a user to create multiple buckets for multiple years at the same time, reflecting the set rate of inflation.

0%, 1.1%, 2%, etc.

Source

Defines whether a bucket comes from a federal, state, or local source. When making a funding request buckets created from a program will be located within their source.

Federal, State, or Local

Life of $

Depending on a bucket's program, the money might have to be spent within a certain period. This field defines that period.

3 years, 4 years, 5 years. Blank indicates there is no set life of the bucket's money.

Percent Match

When an agency is rewarded funds from the feds or state, the grantee is expected to provide funds from sources other than the funds provided through such grant in an amount that is at least equal to the amount.

Federal funds awarded under this program may not cover more than 80% of the total costs of the project being funded. The applicant must identify the source of the 20% non-federal portion of the total project costs and how match funds will be used. An agency can use State funds to cover the remaining 20% of the project cost; however, the state fund might also have its own match requiring for instance that the state program may not cover more than 96.775% of the remaining 20%. The remaining percentage would have to be covered by local funds.

Valid From/Valid To

The fiscal year range in which buckets can be created from the program.