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R97-70 AUTHORIZING DOWNSTATE OPERATING ASSISTANCE AGREEMENT
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R97-70 AUTHORIZING DOWNSTATE OPERATING ASSISTANCE AGREEMENT
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4/18/2016 3:26:59 PM
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Resolution/Ordinance
Res Ord Num
R97-70
Res Ord Title
AUTHORIZING THE EXECUTION OF DOWNSTATE OPERATING ASSISTANCE AGREEMENT FOR MASS TRANSIT FOR FY'97
Approved Date
5/5/1997
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ITEM 5 - ELIGIBLE OPERATING EXPENSES <br /> Eligible operating expenses consist of the following: <br /> (a) employee wages and benefits; <br /> (b) materials, fuels and supplies; <br /> (c) rental of facilities; <br /> (d) taxes other than income taxes; <br /> (e) payment for debt service (including principal and interest) on equipment or I <br /> facilities owned by Grantee; <br /> (� equipment purchases which do not exceed $5,000; <br /> (g) administrative costs associated with capital projects which aze not reimbursed <br /> elsewhere; <br /> (h) repairs to buildings, equipment or vehicles which do not extend the useful life <br /> of same; <br /> (i) reasonable expenses and compensation for Grantee's board members or trustees; <br /> and <br /> (j) any other expenditure which the Department determines is an eligible operating <br /> expense according to generally accepted standard accounting practices for <br /> public transportation operations. <br /> ITEM 6 - INELIGIBLE OPERATING EXPENSES <br /> Ineligible operating expenses include: <br /> (a) depreciation; <br /> (b) amortization or depreciation of any intangible assets; <br /> (c) debt service on capital assets acquired with the assistance of capital grant funds <br /> provided by the State; <br /> (d) profit or return on investments; <br /> (e) excessive payments to associated entities; <br /> (� any expense eligible for federal funding under a capital assistance program; <br /> (g) costs reimbursed under Sections 6 or 8 of the Federal Transit Act, as amended <br /> (49 App. U.S.C.A. Sections 1605 and 1607) or under any other federal, state or <br /> local program; <br /> 3 <br />
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