News

June 8, 2023 – 3:00 p.m. CST
Via Zoom

Typically, transit agencies receive federal grant funds from several categories; including Section 5307 – Urbanized Area Formula, Section 5309 – Capital Investment, Section 5310 – Enhanced Mobility of Seniors and Individuals with Disabilities, Section 5337 – State of Good Repair, Section 5339 – Bus and Bus Facilities, Congestion Mitigation/Air Quality Improvement Program (CMAQ), and Surface Transportation Block Grant Program (STBG). In FY2020 and FY2021, transit received additional grant funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSAA), and the American Rescue Plan Act of 2021 (ARP) to help compensate for reduced revenues from sales tax and fares and cover additional coronavirus-related costs.
Join us for a transit-agency-only discussion on federal funds draw and use strategies.

Participants will:

• Learn the factors that agencies consider in developing strategies to draw, match, and use federal funds.
• Examine the specific aspects of federal regulations influencing agency decisions, including the use of toll credits.
• Obtain insight on the funding objectives developed by sister agencies and the resulting specific strategies employed.
• Hear the relief fund approaches used by agencies in light of these strategies.
• Gain awareness of local efforts by agencies to secure federal discretionary funding.

TFLEx members may join this call free of charge. In the Zoom app enter the meeting ID and passcode sent via email. Please check your inbox. For more information contact Joe Costello, Costello Consulting, (708) 606-0811, costelloconsultingcorporation@gmail.com.

Participants will earn 1.0 CPE credit.

Field of Study: Finance

Additional Information
Prerequisites: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based

The Transit Finance Learning Exchange (2300 Downing Avenue, Westchester, IL) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.NASBARegistry.org.

January 12 3:00 CST	Forum Call (via Zoom) Borrowing & investing in a higher interest rate environment, ESG, treasury trends
February 9 3:00 CST	Accounting SIG (Special Interest Group) Call (via Zoom) Implementation of GASB 87 & 96 on leases
March 9 3:00 CST	Forum Call (via Zoom) OPEB (Other Post-Employment Benefits) liabilities – agency funding strategies.
April 3-4 Valley Metro Phoenix, AZ	Spring Workshop Strategies to Meet Changed Supply and Demand – Maximizing Ridership in the Face of Changed Travel Patterns and Labor Shortages
May 11 3:00 CST	Accounting SIG Call (via Zoom) Implementation of GASB 94 – Public-Private and Public-Public Partnerships (for years beginning after 6/15/22)
June 8 3:00 CST	Forum Call (via Zoom) Federal funds draw and use strategies (including the use of toll / transportation development credits)
July 13 3:00 CST	Treasury SIG Call (via Zoom) Treasury update on the higher interest rate and credit tightening environment
August 17 3:00 CST	Forum Call (via Zoom) COVID relief funds – financial implications of the timing and use of funds from CARES, CRRSA, and ARP.
September 18-19 CATA State College, PA	Fall Workshop Perfect Storms & Fiscal Cliffs – Battling Rising Costs, Falling Revenues, & Relief Funds Depletion
October 19 3:00 CST	Treasury SIG Call (via Zoom) Payment systems – Agency experience and successes with mobile payment apps & reloadable cards
November 16 3:00 CST	Forum Call (via Zoom) Decarbonization – financial impact of efforts to reduce emissions including vehicle cost, range issues, fleet size
December 14 3:00 CST	Accounting SIG Call (via Zoom) Accounting software implementation – level of effort, integration, cost, technical support requirements

Continuing Education Credits:  1 hour for Forum & SIG Calls – 14 hours for workshops

Key presentations are available on-line https://tflex.org/home/workshops/spring-2023-phoenix/

The Fall 2023 TFLEx workshop will be held at Centre Area Transportation Authority (CATA), State College, PA on September 18-19.

Strategies to Meet Changed Supply and Demand

April 3-4, 2023

Phoenix, Arizona

Host agency: Valley Metro
Host hotel: Hyatt Place, 150 W. Adams St., Phoenix, AZ 85003 Phone: 602-388-4888

Tickets are $225 for each attendee. Register now at Eventbrite.

Please note that workshops are limited to member agencies participants only, no vendors or sales. If you are a potential member, please contact TFLEx.

Below are files related to the workshop, the cover sheet, the agenda, and the CPE objectives.