Title
Bylaw 2022-06 - Public Transportation Utility
Proposed Motions
1. That the 2021 $18,894 transit program surplus is withdrawn from the Long-Term Sustainability Restricted Surplus to offset the 2022 transit program costs.
2. That Bylaw 2022-06 receive first reading.
3. That Bylaw 2022-06 receive second reading.
4. That Bylaw 2022-06 be presented for third reading at this meeting.
5. That Bylaw 2022-06 receive third and final reading.
Body
Administration Recommendation
1. Administration supports the proposed motions, as presented.
Purpose
To set the 2022 Utility Charge rate to recover 50% of the net costs to deliver transit service to Acheson Industrial Area.
Summary
The Public Transportation Utility Bylaw 2022-06 collects Utility Charges from services lots in Acheson Industrial Area. Following Council's decision made on June 12, 2018, that Parkland County will share the Public Transportation utility costs by 50%, the Utility Charge in this bylaw is set to collect 50% of the net costs to deliver transit service. The transit service includes one commuter route from Edmonton and an on-demand shuttle service within Acheson.
The estimated total cost for transit service in 2022 is $520,900. The estimated revenue from ticket sales is $34,500, leaving the estimated net cost to deliver the service in 2022 at $486,400. This value accounts for ticket sales projections. In 2021 based on the estimated budget, the Public Transportation Utility Charge and general taxation over collected by $18,894 when compared to actual year end expenses. The 2022 Public Transportation utility net cost of $486,400 should be adjusted by reducing this amount by the $18,894 surplus, resulting in the 2022 Public Transportation utility net adjusted cost being reduced to $467,506. Therefore, the total 2022 50% cost share value is $233,753 (50% of $467,506). This sets the Utility Charge rate at $0.09258 for each $1,000 of assessed value. Under the 2022 Bylaw, 445 businesses will be se...
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