Fiscal Impact
A fiscal note shows the financial impact of a given legislative action.
License agreements for 2023 Shared Bike and Scooter Program - Fiscal Note
Yes
Public Works
07500-6850600 Project 68518TPP
No
All vendors meet the requirements of the license agreements, deliver the proposed services and products, and appropriately pay fees. Bike and scooter use and ridership are expected to increase annually. Mobility fee structure in the license agreement addresses base administrative costs, increased administrative costs due to above average ridership, and any parking infrastructure. The base administrative costs includes one (1) new FTE to manage the program.
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| Mobility Fees | $175,000 | $175,000 | $175,000 | $175,000 | $175,000 |
| Total Revenues | $175,000 | $175,000 | $175,000 | $175,000 | $175,000 |
| Expenditures | |||||
| Mobility Administration | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
| Mobility Infrastructure | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 |
| Total Expenditures | $175,000 | $175,000 | $175,000 | $175,000 | $175,000 |
| Net Budgetary Impact (Revenue-Exp.) | $0 | $0 | $0 | $0 | $0 |
Yes
Personnel Impact
List all FTEs created or eliminated by this request
| FTE Details | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| Change in FTE Count | $1 | $1 | $1 | $1 | $1 |
Not Applicable