HomeMy WebLinkAbout01-16-2018 Item 07 Transit Asset Managemetn (TAM) Plan
Meeting Date: 1/16/2018
FROM: Daryl Grigsby, Director of Public Works
Prepared By: Gamaliel Anguiano, Transit Manager
SUBJECT: TRANSIT ASSET MANAGEMENT (TAM) PLAN
RECOMMENDATION
Approve submittal of The City of San Luis Obispo’s TAM Plan and Goal (Attachment A) to the
Federal Transit Administration (FTA).
DISCUSSION
Transit asset management (TAM) is a business model that prioritizes funding based on the
condition of transit assets in order to achieve or maintain transit networks in a state of good
repair (SGR). In July 2016, FTA issued a final rule requiring transit agencies to maintain—and
document—minimum TAM standards. The new standards will help transit agencies keep their
systems operating smoothly and efficiently.
Every agency must develop a transit asset management (TAM) plan if it owns, operates, or
manages capital assets used to provide public transportation and receives federal financial
assistance under 49 U.S.C. Chapter 53 as a recipient or subrecipient. Each transit provider must
designate an Accountable Executive (49 CFR 625.5) to ensure appropriate resources for
implementing the agency's TAM plan. There are two tiers for agencies that covers nine elements.
Tier I agencies must comply with all nine elements of the TAM plan. Tier II agencies are
responsible only for the top four elements. The City of San Luis Obispo (SLO) falls under Tier II
and must comply with the following four elements:
1. An inventory of assets – Maintain a register of capital assets and information about
those assets.
2. A condition assessment of inventoried assets – Rate each assets' physical state; to be
completed for assets an agency has direct capital responsibility for, should be at a
level of detail sufficient to monitor and predict performance of inventoried assets.
3. Description of a decision support tool – Perform an analytic process or utilize a tool
that (1) assists in capital asset investment prioritization and/or (2) estimates capital
needs over time; does not necessarily mean software.
4. A prioritized list of investments – Maintain a prioritized list of projects or programs
to manage or improve the SGR of capital assets.
Transit Asset Management (TAM) Plan
The attached TAM plan inventories qualifying federally funded assets of $50,000 or more,
namely vehicles and facilities. Staff has used the FTA provided template to create the City’s
Transit TAM Plan. The essence of SLO Transit’s proposed TAM Plan is for all revenue vehicles
to be no more than 25% beyond the FTA-defined useful life standard in terms of years or miles
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as the established goal; barring lacking the financial means to replace them. Th equipment goal is
set based on current age and when the replacement is tentatively set to take place.
FISCAL IMPACT
There are no impacts the City’s General Fund for submitting a TAM Plan. And while the plan
has no direct impact on the Transit Enterprise Fund for establishing a goal, there are some
adverse and potential impacts to the fund if a plan were not submitted to the Federal Transit
Administration, as it is a requirement for all federal transit fund recipients.
ALTERNATIVES
1. Deny submittal of the proposed SLO Transit TAM Plan. However, this is not advised as
it could jeopardize future federal funding.
2. Direct Staff to adjust to the SLO Transit TAM Plan goals to some other amounts.
Attachments:
a - SLO TAM Plan
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