File #: 25-1240    Version: 1 Name:
Type: Action Item Status: Committee Approval
File created: 9/4/2025 In control: Clipper Executive Board
On agenda: 10/20/2025 Final action:
Title: Request to Authorize Use of Clipper Float Account Interest for Reimbursement of Transit Operator Fare Revenue Losses Request for approval to amend the Clipper Operating Budget for Fiscal Year 2025-26 to add $1,000,000 in Clipper Float Account Interest funds for contingency to reimburse transit operators for lost Clipper fare revenue resulting from verified system outages and configuration errors.
Attachments: 1. 3b_24-1240_1_Budget Amendment_Lost Fare Revenue, 2. 3b_24-1240_2_Estimated Clipper Fare Revenue Loss on July 1 2025
Date Ver.Action ByActionResultAction DetailsMeeting DetailsAudio/Video
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Subject:

Title

Request to Authorize Use of Clipper Float Account Interest for Reimbursement of Transit Operator Fare Revenue Losses

 

Request for approval to amend the Clipper Operating Budget for Fiscal Year 2025-26 to add $1,000,000 in Clipper Float Account Interest funds for contingency to reimburse transit operators for lost Clipper fare revenue resulting from verified system outages and configuration errors.

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Presenter:

Presenter

Kelley Jackson, MTC, and Angus Davol, MTC

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Recommended Action:

Action

Approval

 

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Attachments: