The City of Williams Lake has approved the BC Transit 2020-21 Annual Operating Agreement amendment for the Williams Lake Para-Transit Service to address revenue shortfalls.
The amendment allocates $116,195 under the joint Federal-Provincial COVID-19 Safe Restart Program funding. The funding allocation is based on forecasted fare revenue losses and COVID related expenses.
The amended agreement shows a revenue shortfall of $40,356 and also shows a reduction in the local government share of costs from $560,869 to $324,954, which is a reduction of $235,915.
| 2019/2020 agreement | 2020/2021 agreement | Amended 2020/2021 agreement | |
| Total Revenues | $111,789 | $119,093 | $78,737 |
| Total Operating Costs | $1,021,173 | $1,020,011 | $1,021,011 |
| Total Costs | $1,187,005 | $1,164,401 | $1,095,359 |
| Net Local Government Share of Costs | $560,189 | $500,869 | $324,954 |
This additional reduction to the Safe Restart Funding allocation is due to the reduced costs and transfer of some funds from the fleet reserves earlier this year.
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