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BUDGET FINANCE COMMITTEE

Meeting Agenda Tahoe Regional Planning Agency June 12, 2015 128 Market Street 8:30 a.m. Stateline, NV 89449 All items on this agenda are action items unless otherwise noted. Items on the agenda may be taken out of order. The Board may combine two or more items for consideration. The Board may remove an item from the agenda or delay discussion relating to an item on the agenda at any time.

I. PUBLIC INTEREST COMMENTS All comments are to be limited to no more than five minutes per person. Comments made cannot be acted upon or discussed at this meeting, but may be placed on a future agenda for consideration.

II. RECOMMENDATION OF APPROVAL OF MINUTES OF MAY 8, 2015

III. DISCUSSION ITEMS

Item Action Requested Page A. Review and Acceptance of the District’s Financial

Statement of Operations for July 1, 2014 through April 30, 2015

Recommend Acceptance

28

B. Approval of Purchase Orders for Fiscal Year 2016’s Annual Budgeted Expenses for General Fund and Transit Operations Goods and Services Support, Including 2015 East Shore Express

Recommend Approval 78

C. Approval of Blanket Contract Amendments, Task Orders, and Purchase Orders for Board Authorized Capital Improvement Projects and Related Programs


D. Approval of Employee Retirement Plan Documents and Investment Policy Statements; Approval of Resolution 2015-008 Delegating Administration of the Retirement Plan to the District Manager; Approval of Amendments to TTD Human Resources Policies and Procedures


IV. ADJOURNMENT

TAHOE TRANSPORTATION DISTRICT (TTD)

TAHOE TRANSPORTATION COMMISSION (TTC) Meeting Agenda

Tahoe Regional Planning Agency June 12, 2015 128 Market Street 9:30 a.m. Stateline, NV 89449

All items on this agenda are action items unless otherwise noted. Items on the agenda may be taken out of order. The Board may combine two or more items for consideration. The Board may remove an item from the agenda or delay discussion relating to an item on the agenda at any time. I. CALL TO ORDER AND GENERAL MATTERS

A. Roll Call and Determination of Quorum of TTD/TTC B. Approval of Agenda for June 12, 2015 C. Approval of Minutes of May 8, 2015

II. PUBLIC INTEREST COMMENTS

At this time, members of the public shall have the opportunity to directly address the Board. All comments are to be limited to no more than five minutes per person. The Board is prohibited by law from taking immediate action on or discussing issues raised by the public that are not listed on this agenda. In addition, members of the public shall have the opportunity to directly address the Board after each item on which action may be taken is discussed by the public body, but before the public body takes action on the item.

III. BUDGET FINANCE COMMITTEE REPORT IV. TAHOE REGIONAL PLANNING AGENCY ADVISORY PLANNING COMMISSION

APPOINTEE REPORT V. TAHOE TRANSPORTATION COMMISSION (TTC) BUSINESS ITEMS

Items for Possible Action Action Requested Page A. Acceptance of the Nevada Department of

Transportation’s Tahoe Area Metropolitan Planning Organization Work Program for Fiscal Years 2016 through 2020 and Beyond

Acceptance 1

VI. ADJOURN AS TTC AND RECONVENE AS TTD VII. TAHOE TRANSPORTATION DISTRICT (TTD) CONSENT ITEMS

Items for Possible Action Action Requested Page A. Review and Acceptance of the District’s Financial

Statement of Operations for July 1, 2014 through April 30, 2015

Acceptance 28

B. Review and Acceptance of South Shore and Commuter Transit Contractor Report and Transit and Mobility Managers’ Updates for April 2015

Acceptance 38

VIII. TAHOE TRANSPORTATION DISTRICT (TTD) BUSINESS ITEMS

Items for Possible Action Action Requested Page A. Final Review of Approved FY 2016 Budget and

Associated Work Program Review and Possible Direction

41

B. Approval of Purchase Orders for Fiscal Year 2016’s Annual Budgeted Expenses for General Fund and Transit Operations Goods and Services Support, Including 2015 East Shore Express

Approval 78

C. Approval of Blanket Contract Amendments, Task Orders, and Purchase Orders for Board Authorized Capital Improvement Projects and Related Programs

Approval 81

D. Approval of Employee Retirement Plan Documents and Investment Policy Statements; Approval of Resolution 2015-008 Delegating Administration of the Retirement Plan to the District Manager; Approval of Amendments to TTD Human Resources Policies and Procedures

Approval 87

E. Presentation of Fiscal Year 2015 District Manager Evaluation, Discussion and Possible Action on Evaluators’ Recommendation

Discussion and Possible Action

166

IX. DISTRICT MANAGER REPORT X. LEGAL COUNSEL REPORT XI. BOARD, COMMISSION MEMBER AND STAFF COMMENTS XII. PUBLIC INTEREST COMMENTS XIII. ADJOURNMENT

COMPLIANCE WITH PUBLIC NOTICE REQUIREMENTS This notice and agenda has been posted at the TTD office and at the Stateline, Nevada post office. The notice and agenda has also been posted at the North Tahoe Conference Center in Kings Beach, the Incline Village GID office and the North Tahoe Chamber of Commerce and on the TTD website: www.tahoetransportation.org. For those individuals with a disability who require a modification or accommodation in order to participate in the public meeting, please contact Judi White at (775) 589-5502 or [email protected]. Nevada Open Meeting Law Compliance Written notice of this meeting has been given at least three working days before the meeting by posting a copy of this agenda at the principal office of the Board and at three other separate, prominent places within the jurisdiction of the Board not later than 9 a.m. of the third working day before the meeting. Written notice of this meeting has been given by providing a copy of this agenda to any person who has requested notice of the meetings of the Board. Such notice was delivered to the postal service used by the Board not later than 9 a.m. of the third working day before the meeting for transmittal to the requester by regular mail, or if feasible for the Board and the requester has agreed to receive the public notice by electronic mail, transmitted to the requester by electronic mail sent not later than 9 a.m. of the third working day before the meeting. Supporting materials were provided to any person requesting such materials and were made available to the requester at the time the material was provided to the members of the Board or, if provided to the members of the Board at the meeting, were made available to the requester at the meeting and are available on the TTD website: www.tahoetransportation.org. Please send requests for copies of supporting materials to Judi White at (775) 589-5502 or [email protected].

http://www.tahoetransportation.org/

Tahoe Transportation Board Meeting Minutes - May 2015

TAHOE TRANSPORTATION DISTRICT BUDGET FINANCE COMMITTEE MEETING MINUTES

May 8, 2015

Committee Members in Attendance: Will Garner, Placer County, Chair Steve Teshara, SS-TMA Ron Treabess, TNT-TMA Marsha Berkbigler, Washoe County

Others in Attendance: Carl Hasty, Tahoe Transportation District Alfred Knotts, Tahoe Transportation District George Fink, Tahoe Transportation District Joanie Schmitt, Tahoe Transportation District Judi White, Tahoe Transportation District Adam Spear, Esq., Legal Counsel

I. PUBLIC INTEREST COMMENTS No public interest comments were made.

II. RECOMMENDATION OF APPROVAL OF MINUTES OF MARCH 27, 2015

Mr. Treabess made the motion to recommend approval of the minutes of March 27, 2015. Mr. Teshara seconded the motion. The motion passed.

III. RECOMMENDATION OF APPROVAL OF MINUTES OF APRIL 10, 2015 Mr. Teshara made the motion to recommend approval of the minutes of April 10, 2015. Mr. Treabess seconded the motion. The motion passed.

IV. DISCUSSION ITEMS A. Review and Acceptance of the District’s Financial Statement of Operations for

July 1, 2014 through March 31, 2015 Ms. Schmitt reviewed this item. Action Requested: Recommend Acceptance Mr. Treabess made the motion to recommend acceptance of the Financial Statement of Operations for July 1, 2014 through March 31, 2015. Mr. Teshara seconded the motion. The motion passed unanimously.

B. Approve Execution of a Contract Amendment with Airport Mini Bus for The

Night Rider Shuttle Service for the 2015 Summer Season Mr. Spear reviewed this item. Mr. Treabess suggested adding Placer County to the list of entities listed under Section 10. Action Requested: Recommend Approval Mr. Treabess made the motion to recommend approval of the execution of a contract amendment with Airport Mini Bus for the Night Rider shuttle service

Tahoe Transportation Board Meeting Minutes – May 2015 2

for the 2015 summer season with the changes noted. Mr. Teshara seconded the motion. The motion passed unanimously.

C. Approve Execution of an Amendment to the Contract between TTD and

Airport Mini Bus for the North Lake Tahoe Express Shuttle Service and a Related Funding Agreement with Various Public and Private Entities Mr. Spear reviewed this item. Action Requested: Recommend Approval Mr. Treabess made the motion to recommend approval of the execution of an amendment to the contract between TTD and Airport Mini Bus for the North Lake Tahoe Express Shuttle Service and the related funding agreement. Mr. Teshara seconded the motion. The motion passed unanimously.

D. Approve Project Support Agreement with the Tahoe Fund for the Incline

Village to Sand Harbor Bike Path Mr. Hasty reviewed this item. Action Requested: Recommend Approval Mr. Treabess made the motion to recommend approval of an agreement with the Tahoe fund to provide funding to pay for a portion of the construction costs of the Incline Village to Sand Harbor Bike Path. Mr. Teshara seconded the motion. The motion passed unanimously.

E. Approval of a Task Order for Wood Rodgers to Provide Comprehensive

Program Management of TTD’s Capital Improvement Program Mr. Knotts reviewed this item. Action Requested: Recommend Approval Mr. Treabess made the motion to recommend approval of a task order for Wood Rodgers to provide comprehensive program management of the Capital Improvement Program. Mr. Teshara seconded the motion. The motion passed unanimously.

F. Direction and Possible Approval of the District’s Proposed Work Program and

Budget for Fiscal Year 2016 Mr. Hasty and Ms. Schmitt reviewed this item. Action Requested: Provide Direction and Recommend Possible Approval Mr. Treabess made the motion to recommend taking the proposed fiscal year 2016 work program and budget to the full Board for possible approval. Mr. Teshara seconded the motion. The motion passed unanimously.

V. ADJOURNMENT


TAHOE TRANSPORTATION DISTRICT / COMMISSION BOARD MEETING MINUTES

May 8, 2015

TTD/C Board Members in Attendance: Steve Teshara, SS-TMA, Chair Marsha Berkbigler, Washoe County, Vice Chair Austin Sass, City of South Lake Tahoe Tom Fortune, Member at Large Will Garner, Placer County Ron Treabess, TNT-TMA Sue Novasel, El Dorado County Nancy McDermid, Douglas County Mark Kimbrough, Carson City Sondra Rosenburg, NDOT Gary Arnold, Caltrans Mike Gabor, U.S. Forest Service

TTD/C Board Members Absent: Darrel Kizer, Washoe Tribe

Others in Attendance:

Carl Hasty, Tahoe Transportation District Alfred Knotts, Tahoe Transportation District Joanie Schmitt, Tahoe Transportation District George Fink, Tahoe Transportation District Aaron Langmayer, Tahoe Transportation District Nick Haven, Tahoe Regional Planning Agency Judi White, Tahoe Transportation District Adam Spear, Esq., Legal Counsel

I. TAHOE TRANSPORTATION DISTRICT AND TAHOE TRANSPORTATION

COMMISSION CALL TO ORDER AND ROLL

A. Roll Call and Determination of Quorum The meeting of the Tahoe Transportation District and Tahoe Transportation Commission was called to order by Chairman Teshara at 9:32 a.m., at the Tahoe Regional Planning Agency. Roll call was taken and it was determined a quorum was in attendance for the TTD/TTC.

B. Approval of TTD/TTC Agenda of May 8, 2015

Motion/second by Mr. Treabess/Ms. Novasel to approve the TTD/TTC agenda for today’s meeting. The motion passed unanimously.

C. Approval of TTD/TTC Meeting Minutes for March 27, 2015

Motion/Second by Mr. Treabess/Ms. Novasel to approve the TTD and TTC minutes. The motion passed, with Ms. McDermid abstaining.

D. Approval of TTD Meeting Minutes for April 10, 2015 Motion/Second by Mr. Sass/Mr. Treabess to approve the TTD minutes. The motion passed, with Ms. McDermid abstaining.


II. PUBLIC INTEREST COMMENTS

Mr. Hasty reminded the Board and audience that lunch would be served after the meeting to say farewell to Mr. Knotts and Mr. Kirkland.

III. BUDGET FINANCE COMMITTEE REPORT

Mr. Garner reported the committee reviewed the items and recommended the requested actions of the consent items and Business Items VIII.C. and VIII.E.

IV. TAHOE REGIONAL PLANNING AGENCY ADVISORY PLANNING

COMMISSION APPOINTEE REPORT Mr. Teshara reported that no meeting will be held in May and are preparing to accept assignments from the Governing Board strategic retreat at the June meeting.

V. TAHOE TRANSPORTATION COMMISSION (TTC) BUSINESS ITEMS

A. Recommend Approval of the Lake Tahoe Transportation Overall Work

Program for Fiscal Year 2015/2016 to the Tahoe Metropolitan Planning Organization Governing Board Mr. Haven reviewed this item. Action Requested: Recommend Approval Ms. McDermid made the motion to recommend approval of the Lake Tahoe Transportation Overall Work Program for fiscal year 2015/16 to the Tahoe Metropolitan Planning Organization Governing Board. Ms. Berkbigler seconded the motion. The motion passed unanimously.

VI. ADJOURN AS TTC AND RECONVENE AS TTD VII. TAHOE TRANSPORTATION DISTRICT (TTD) CONSENT ITEMS

A. Review and Acceptance of the District’s Financial Statement of Operations for

July 1, 2014 through March 31, 2015 B. Review and Acceptance of February and March 2015 South Shore and

Commuter Transit Contractor Report and Transit and Mobility Managers’ Updates for April 2015

C. Approve Execution of a Contract Amendment with Airport Mini Bus for The Night Rider Shuttle Service for the 2015 Summer Season

D. Approve Execution of an Amendment to the Contract between TTD and Airport Mini Bus for the North Lake Tahoe Express Shuttle Service and a Related Funding Agreement with Various Public and Private Entities

E. Adoption of Resolution 2015-006 Designating the District’s Transit System Program Manager as the Alternate Representative to Serve on the California Transit Insurance Pool Board of Directors for TTD

F. Adoption of Resolution 2015-007 Appointing Reliance Trust Company as Trustee for the TTD Retirement Plan and Authorizing Mass Mutual to Act as Its Agent

G. Approve Project Support Agreement with the Tahoe Fund for the Incline Village to Sand Harbor Bike Path


Ms. McDermid motioned to approve the consent calendar, Mr. Garner seconded the motion. The motion passed unanimously.

VIII. TAHOE TRANSPORTATION DISTRICT (TTD) BUSINESS ITEMS

A. Approve Award of Nevada Stateline to Stateline Bikeway South Demonstration Project – Phase 1D Improvements Construction Contract to Sierra Nevada Construction; Authorize Chairman and District Manager to Sign the Construction Contract; and Authorize the District Manager to Execute Contract Change Orders Not to Exceed Ten Percent of Total Construction Contract Mr. Knotts reviewed this item. Action Requested: Approval Ms. Berkbigler made the motion to award the Nevada Stateline to Stateline Bikeway South Demonstration Project – Phase 1D Improvements construction contract to Sierra Nevada Construction; to authorize the Chairman and District Manager to execute the construction contract; and to authorize the District Manager to execute contract change orders not to exceed ten percent of the contract amount. Ms. McDermid seconded the motion. The motion passed unanimously.

B. Approve Conversion of Compressed Natural Gas Station for the Exclusive Use of the TTD in Providing Transit Services and Approve Purchase of Control Upgrades Mr. Fink reviewed this item. The Board directed Staff to research and contact the other entities using the CNG Station regarding the possible closure and update the Board at the next meeting prior to possible approval. Action Requested: Approval

C. Approval of a Task Order for Wood Rodgers to Provide Comprehensive Program Management of TTD’s Capital Improvement Program Mr. Knotts reviewed this item. Action Requested: Approval Ms. McDermid made the motion to approve the task order for Wood Rodgers to provide comprehensive program management of TTD’s Capital Improvement Program, not to exceed $130,000. Ms. Berkbigler seconded the motion. The motion passed unanimously.

D. Authorize District Manager to Execute an Agreement with the United States Forest Service to Provide Technical Services for the Preparation of the Environmental Analysis for the Nevada Stateline to Stateline Bikeway Phase 3 Project Mr. Hasty reviewed this item. Action Requested: Approval


Ms. Berkbigler made the motion to authorize the District Manager to execute an agreement with the United States Forest Service to provide technical services for the preparation of the Environmental Analysis for the Project, in an amount not to exceed $340,000. Ms. McDermid seconded the motion. The motion passed unanimously.

E. Direction and Possible Approval of the District’s Proposed Work Program and Budget for Fiscal Year 2016 Mr. Hasty and Ms. Schmitt reviewed this item. Staff will bring the final Work Program and budget to the Board next month. Ms. McDermid left at 10:25 a.m. Action Requested: Direction and Possible Approval Mr. Treabess made the motion to approve the proposed Work Program and budget for fiscal year 2016. Ms. Berkbigler seconded the motion. The motion passed unanimously.

IX. DISTRICT MANAGER REPORT Mr. Hasty reminded the Board the Fanny Bridge project will be on Placer County’s Board of Supervisors agenda on May 19 and TRPA’s Governing Board agenda on May 27 for approvals. He reported Senator Gaines presented Senate Bill 231 to the California Senate committee, which voted unanimously in favor and the bill is now headed to the appropriations committee. He distributed the 2015 Nevada Unified Transportation Investment Plan Preview.

X. BOARD, COMMISSION MEMBER AND STAFF COMMENTS

Mr. Spear announced one of the three pending transit operations lawsuits has been successfully settled. Mr. Arnold commented that Caltrans is working on wrapping up their OWP cycle, the current Active Transportation Program grant, corridor planning efforts, the Regional Transportation Plan update. He also noted that the Complete Streets Plan now has a consultant who will start conducting outreach, and he will be looking at CTC’s Alta Mira facelift project. Mr. Fortune noted the Women’s AMGEN race started on time, despite the weather. Ms. Rosenburg noted NDOT is in the process of conducting county tours of their work plan. Mr. Garner noted Placer County’s Board of Supervisors will also be reviewing the TART branding at their meeting. He also noted Hwy 267 bus route will begin year-round service this upcoming fiscal year, through funding from the Town of Truckee and the Truckee Tahoe Airport District.


Mr. Treabess noted there was tentative approval of transportation funding, with the exception of the water shuttle, for TOT from Placer County’s Board of Supervisors at their last meeting and they are moving ahead with contracts. Mr. Kimbrough noted there were 70 attendees at the Trail Summit. Ms. Novasel noted the Black Bart project has been delayed until the fall. She is looking at ways to get more funding for road maintenance. Mr. Sass noted the City has decided to give up their commercial airline service certification; a new website, Speak Up SLT, launched last week; and they are applying for an ATP grant for bikeway connectivity between the middle school and Bijou Park. Ms. Berkbigler noted she has requested $6,000 for planning for Crystal Bay’s portion of the bike trail from the Washoe County grant program.

XI. PUBLIC INTEREST COMMENTS There were no public comments.

XII. ADJOURNMENT

The meeting adjourned at 11:24 a.m. Respectfully Submitted: Judi White Executive Assistant Clerk to the Board Tahoe Transportation District

(The above meeting was recorded in its entirety, anyone wishing to listen to the aforementioned tapes, please contact Judi White, Clerk to the Board, (775) 589-5502.)

NH/jw AGENDA ITEM: V.A.

MEMORANDUM Date: June 8, 2015 To: Tahoe Transportation Commission (TTC) Board of Directors From: TMPO Staff Subject: Acceptance of the Nevada Department of Transportation’s Tahoe Area

Metropolitan Planning Organization Work Program for Fiscal Years 2016 through 2020 and Beyond

Requested Action: Staff is requesting the Commission review and accept the Nevada Department of Transportation’s (NDOT) Tahoe Area Metropolitan Planning Organization Work Program for fiscal years 2016 through 2020 and beyond. Background: NDOT produces the Transportation System Projects (TSP) document in compliance with Title 23 of the Federal-Aid Highway Act and the Nevada Revised Statutes (NRS 408.203). This is done in cooperation with federal and regional agencies and local governments to make funding available for needed transportation improvements in Nevada. The TSP contains the following sections:

• Statewide Transportation Improvement Program (STIP) • Grouped Category Programs: Transportation Enhancement Program, Safety

Program • Landscape Projects • Annual Work Program: Short Range Element, Long Range Element (AWP)

The AWP section of the document illustrates Lake Tahoe projects planned for construction. Discussion: NDOT staff will give a presentation on their work program at the Board meeting. Additional Information: If you have any questions, please contact Nick Haven, [email protected] or 775-589-5256. Attachment:

A. NDOT TMPO Work Program

TTD/C Board Meeting Packet - June 12, 2015 -Page 1-

2015 Transportation Report

Tahoe MPO

ATTACHMENT A

NH/jw AGENDA ITEM: V.A.TTD/C Board Meeting Packet - June 12, 2015 -Page 2-

STATE OF NEVADA

DEPARTMENT OF TRANSPORTATION 1263 S. Stewart Street

Carson City, Nevada 89712

BRIAN SANDOVAL RUDY MALFABON, P.E., Director Governor

April 21, 2015

Dear Tahoe MPO Board,

Thank you for allowing the Nevada Department of Transportation to participate in the Tahoe MPO Commission meeting on June 12, 2015. This is a part of our annual county consultation process and will include an update on projects for the coming years. In addition, we will be there to listen to any concern or issue you may have regarding our transportation system.

Our agenda includes funding information, crash data and projects scheduled for your county. This packet will give you an overview of these items and the years they are scheduled for construction.

We will present the Annual Work Program for fiscal year 2016, which are scheduled for construction during the next fiscal year.

Our Short Range Elements (SRE) provide visibility into fiscal years 2017 through 2019. These work programs are on the radar provided we have the appropriate funding levels through our state and federal governments.

We will also share Long Range Elements (LRE) for work anticipated in year 2020 and beyond. These projects are in our system, but have not been scheduled or funded. In working with your county we look to identify future needs and issues to further transportation across our great state.

We look forward to presenting at your commission meeting.

Regards,

Rudy Malfabon, P.E. Director Nevada Department of Transportation

ATTACHMENT A


NDOT Mission, Vision, Core Values, and Goals

MissionProviding a better transportation system for Nevada through our unified and dedicated efforts.

VisionThe nation’s leader in delivering transportation solutions, improving Nevada’s quality of life.

Core Values• Integrity – Doing the right thing.• Honesty – Being truthful in your actions and your words.• Respect – Treating others with dignity.• Commitment – Putting the needs of the Department first.• Accountability – Being responsible for your actions.

GoalsAs one NDOT, our employees are key to successfully accomplishing our mission.

• Optimize safety.• Be in touch with and responsive to our customers.• Innovate.• Be the employer of choice.• Deliver timely and beneficial projects and programs.• Effectively preserve and manage our assets.• Efficiently operate the transportation system.

ATTACHMENT A


Board of Directors

Tom Fransway District 3

Len Savage District 2

Tom SkanckeDistrict 1

Frank MartinDistrict 1

Ron KnechtState Controller

Mark HutchisonLt Governor

Brian SandovalGovernor

Rudy MalfabonDirector

Tracy Larkin-ThomasonDeputy Director

Bill HoffmanDeputy Director

Robert NellisDeputy Administration

Sean SeverCommunications

Kevin LeeDistrict 3

Thor DysonDistrict 2

Mary MartiniDistrict 1

Reid KaiserOperations

Sondra RosenbergPlanning

Senior Staff

John TerryEngineering

ATTACHMENT A


NDOT County Consultation Process

The Nevada Department of Transportation (NDOT) supports the importance of outreach and communication, especially in the transportation planning and programming processes. An open exchange of information among a wide array of transportation users, government officials and tribal leaders results in better decision-making and more publicly supported programs and projects. With increasing demands on limited public resources, transportation programs and projects require strong public support through an open and collaborative planning process.

NDOT has chosen to perform annual Workshops and Tribal Consultation visits to specific locations in Nevada and has planned County Tour consultation visits to each of the 17 counties across the State. NDOT will also work directly with the FHWA and the Bureau of Indian Affairs (BIA) to annually update tribal transportation projects and Central Federal Lands Highway Division (CFLHD) projects for the Federal Lands Transportation Program and the Federal Lands Access Program. In addition, CFLHD performs annual in-state visits to discuss ongoing and potential projects. Tribal and CFLHD projects will be entered into the Work Program and/or STIP.

Meeting with each county commission and MPO across the state of Nevada is one piece of the puzzle to keep counties informed, engaged and a valuable part of the transportation process.

ATTACHMENT A


Safety Element

Crash Report

ATTACHMENT A


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580

50

50

50

395

50

395395A

88

28

757

206

431

529

207

878

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2.55

1.25M

iles

Crash DensityTahoe Area

7/1/2009 - 7/1/2014

The information included on this map has been compiled by NDOT staff from avariety of sources and is subject to change without notice. NDOT makes no representations or warranties, express or implied, as to accuracy, completeness, timeliness, or rights to the use of such information. This document is not intended for use as a survey product. NDOT shall not be liable for any general, special, indirect, incidental, or consequential damages including, but notlimited to, lost revenues or lost profits resulting from the use or misuse of theinformation contained on this map. Any sale of this map or information onthis map is prohibited except by written permission of NDOT.

Traffic Safety Engineering Division

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ATTACHMENT A


FY15 Recap

ATTACHMENT A


Note: All information presented is preliminary and subject to revision. Draft Date: June 13, 2014

Proposed Highway Projects for Plan Fiscal Year : 2015 - 2024

MPO: TMPO

Map Location Location / Project Description (Phase) - Fund Source Total Amount

DO20140006-15US 50, Deployment of CCTV and flow detectors at SR 28, Spooner Junction. DO 12.30 Deployment of CCTV and flow detectors at SR 28, Spooner Junction. (Const) District Contract

$200,000

CC199808-15SR 28, from the 0.13 M E of the CC/WA county line to the CC/WA county line. CC 3.82 to 3.95 Master Plan water quality and erosion control improvements. (PE, RW) SNPLMA, State Funded

$779,000

WA20140013-15SR 431, Mt Rose Hwy, at WA 0.14 Incline Village Maintenance Yard Reconstruct pavement for the Incline Village Maintenance Facility. State Forces

$138,000

NV20120007-15

Tahoe Transportation District. Lake Tahoe from Stateline to Zephyr Cove / Kingsbury Grade / Carson City Operating, Administrative Expenses for a Deviated Fixed Route and Demand Response Transit Service (Other) FTA Section 5311 Small Urban & Rural Public Transportation Local Project ID TRANS01

$1,620,954

NV20120167-15

Tahoe Area Regional Transit Operating, Administrative & Intercity Expenses for a Deviated Fixed Route and Demand Response Transit Service in Incline Village (Other) FTA Section 5311 Small Urban & Rural Public Transportation Local Project ID TRANS01

$312,451

XS20130015-15Hire a Mobility Manager to coordinate transit services around Lake Tahoe and into Urban areas. Tahoe Transportation District (Other) FTA Section 5311 Small Urban & Rural Public Transportation Local Project ID TRANS01

$100,000

ATTACHMENT A


of 3

Working w/ NDOT Workshop 12/18/14

1. Introduction Carl Hasty, TTD Nick Haven, TRPA Karen Fink, TRPA

Derek Kirkland, TTD Judy Weber, TRPA Chris Greb, NHP

Jon Erb, Douglas Co. PW Coy Peacock, NDOT Kristena Shigenaga, NDOT

PD Kiser, NDOT Safety Egr Lori Campbell, NDOT Safety Egr Michele Maher, NDOT Materials

Bob Madewell, NDOT Roadway Bill Story, NDOT Bike/Ped Catherine Cuccaro, NDOT

2. Local Public Agency (LPA)

-Process improvements? Kristena gave an update on the LPA program. They’re looking at other states LPA certification programs and hoping to get some best practices out them. They are also starting LPA partnering meetings to discuss the program as a whole, and discuss agency needs, state needs, federal needs, etc. It’s sort of a training forum. The LPA group is also tracking agreements to see how long they take to get through the process and how the process can be enhanced. They’re hoping docusign will expedite reviews (including legal and DBE).

Derek: Dean & Tonia have been helpful. He would like to have a separate meeting with the LPA group to discuss requirements and ways to speed up the process(es). Follow-up: Derek Kirkland stated “. I don't think a separate meeting is necessary at this point. Really we are interested in the certification process, and how we can do more ourselves without needing to send everything under the sun to NDOT for approval. An extra approval takes extra time. Bottom line is the LPA process is the LPA process... until the process changes physically not much we can do about it. Keep us in the loop on the direction NDOT takes for potential certification and allowing local agencies to do more without NDOT approving every step of the way.

3. Safety

-Cave Rock -Other locations?

Lori gave an overview of the Highway Safety Improvement Program. Changing from reactive (high crash location meetings) to proactive (systemic statewide proven countermeasures – like centerline rumblestrips, etc.). The Strategic Highway Safety Program has 5 critical emphasis areas. (Seat Belts, Impaired Driving, Lane Departures, Intersections, Pedestrians, and now Motorcycles). If anyone is interested in joining an emphasis group, let her know. Coordination efforts were discussed. Nick is updating the RTP now and would like to be kept in the loop. Also with the Safety Management Plans (SMPs – safety corridor plans) they are looking at doing a corridor study in the baisn and would like to coordinate it with and include safety. Follow-up: Lori will keep Nick involved in the Basin wide Corridor Study. PD gave an update on Cave Rock. A bicyclist was hit in the eastbound tunnel and lost a leg. Safety did an assement and held a meeting with stakeholders. (Traffic Ops, District, NHP, Do. Co. Sheriff, some attendees of today’s meeting, etc). Ideas were discussed to improve safety for bicyclists. Bicycle traffic (year round) has increased. Given tunnel restrictions and tribal concerns, physically changing the tunnel is unlikely. So other measures are being looked at (lighting, paint, lane restrictions, signage, etc.). Another followup meeting with

ATTACHMENT A


of 3

stakeholders will be scheduled after the first of the year. Hopefully by Spring there will be some firm recommendations. Coordination and communication among all the entities is key. Follow-up: We will notify TMPO when a project is selected as it will most likely be included in the FTIP. Other safety topics: A ped activated beacon in Incline Village was discussed, as well as striping and light phasing at SR 28 and Country Club Dr, and cable barrier along SR 28 at locations with no guardrail. Follow-up: We will notify TMPO when these projects are scheduled as they will be included in the FTIP/STIP. Save the Date: NV Traffic Safety Summit 3/24-25/2015 at the Reno Peppermill. Formulating agenda now. No fee. 4. 3R’s or Betterments

-Coordination with other projects or needs Michele Maher gave an overview of the NDOT 3R program. Betterments (chip seals etc.) are done through Maintenance and Asset Management, and the 3R Program (road reconstruction) is though the Materials division. The Kingsbury 3R project was done this year. Due to decreased funding and the cost of 3R projects, only 7-8 projects are done statewide per year. The US 50 at Tahoe, (outer year) 3R project, was discussed as was the importance of including shoulders, curbing and other bike/ped improvements. Kristena advised that the Project Development Committee (PDC) meets quarterly to update NDOT’s 5 year plan and that Leah Sirmin with FHWA used to pass the updated plans on to the MPOs. Christina Leach may not know this was being done. Follow-up: Leah was doing this before she left and Christina has not been on the email list for the PDC meetings. Once the E-STIP is complete this will be the list of projects scheduled. Tahoe is underserved for cell/broadband service and they’re looking at including utility corridors along with their projects (including bicycle projects). Coy discussed future planning enhancements, MPO/County planning Liasons and needs-based projects. The eSTIP is the first step. Carl wanted to know who in NDOT should be involved in their corridor planning. He wants to make sure to include the right people. Follow-up: Kevin Verre Verre, Kevin F (775-888-7712) [email protected] and Lee Bonner Bonner(775-888-7122) [email protected] 5. Transit

Tahoe is looking to create an integrated transit system. They’re working on it now. Should be ready for public comment and decision end of 2015/early 2016. Part of it is inter-regional connectivity. (Funding from NDOT Transit to do this). Transit safety, as related to the MAP-21 requirement to prove a safe transit fleet was discussed. (12/18/14 Michelle Gardner will contact Carl Hasty to discuss this further.) Roadway Systems Update (Bob Madewell): Bob gave an update on the new relinquishment manual. It’s going to the Transportation Board and there will be a hearing to adopt it on 1/12/15. It will be a temporary regulation (as this is a legislative year) until it’s converted next summer. There are no pending relinquishments for Tahoe, but urban boundary updates are also done through Roadway Systems. If the urban boundary was changed to include Stateline with South Lake Tahoe, as was recently done with Wendover, it could change it from a rural to an urban (over 5K) category. The advantage is there are different dollars available for urban roads vs rural roads.

ATTACHMENT A


mailto:[email protected]




of 3

Derek asked about parcel relinquishments. These are done through the Surplus Property Committee (which Bob is on) and they are simpler than roads. The area in question is off SR 28 at Incline Village. Derek will work with Bob on this. Follow-up: The issue of the parcels was discussed with Pedro in Project Management. He said he has and will talk again to TMPO about the parcels along SR28, but that it is an issue that will be addressed through the project design group. Indicated that it might not be feasible to transfer this area they want but he will coordinate withy TMPO and Dist. 2 on their request. As to the urban boundary, we are not ready to proceed with that yet. It will require us to work with FHWA, and california

6. Bike & Ped

-Lake Tahoe Bikeway next steps Tahoe is the lead on this. The goal is to have a Class 1 facility from Stateline to Stateline. Bill Story gave an update:

• AASHTO Bike/Ped performance measures were included in the funding extension. • US Bike Route System is progressing. • The new (NV) share the road license plate came out in December. 100% goes to the grant program which

is overseen by the Nevada Bicycle Advisory Board. • Complete Streets is a voluntary program through DMV. $2 per registration goes to counties that opt in.

Can be done at kiosk or online only. • There is a new FAQ bicycle book available. If interested in copies, contact Bill.

7. Transportation Alternatives Program (TAP)

-Program Improvements to application process The TAP program was discussed. There will be a call for projects in the spring, but we’re looking at reevaluating the process to identify issues early on. There was discussion about improving the process. MPOs should be included in the process. They can help with criteria and prioritization. Also how TAP projects connect/coordinate with long range plan projects (Tahoe Bike Plan, Tahoe RTP, etc) needs to be better connected. Better coordination up front also should include right of way, and project estimates.

8. 5 year plan

-Understanding the STIP & AWP -Draft NDOT projects

PIF Update The Project Initiation Form (PIF) was discussed at length, in addition to an update on the eSTIP and an overview of the Planning Process. There will be a follow up meeting with regard to the PIF and the eSTIP. Since the MPOs will be entering their projects directly into the eSTIP as well as their long range projects into the included RTP module, the PIF may not be the best path for the MPOs. Follow-up: Kevin Verre (775-888-7712) will create a Draft PIF Process which should be complete by the end of March and distributed for review and comment. The new workshop format was met with support.

ATTACHMENT A


TAP Projects

TransportationAlternatives

Program

ATTACHMENT A


Award Cycle 2015County Project Applicant Amount

CAMPO Western Nevada SRTS CoordinatorCarson City Health and Human Services $125,000

Carson City Freeway Shared Use Path Carson City $650,000

Clark Clark County Safe Routes to Schools (SRTS) Coordinator

Clark County School District $96,170

Douglas State Route 756, Centerville Road Bike Lane Douglas County $600,000County Road Improvements Minden $314,198

Elko HARP Trail Extension City of Elko $238,632

TMPO Nevada Stateline to Stateline Bikeway North Demo, Shared Use Path

TTD$650,000

Washoe Katherine Dunn Elementary School Pedestrian Improvements

Washoe County School District $26,000

Total $2,700,000

TRANSPORTATION ALTERNATIVES PROGRAMTAP Projects

FY16 TAP ProcessTransportation Alternatives Program

1. NDOT announces the TAP funding cycle is open (printed in newspapers across the State,advertised on the NDOT home page and via email-to interested parties)

2. Applications are received by the due date (electronically via the Project Initiation Form)www.nevadadot.com/pif

3. NDOT and FHWA review to verify that projects are TAP eligible.

4. TAP Scoring Committee receives, reviews and recommends a ranking of applications basedon established scoring criteria

5. NDOT staff compiles the list of TAP projects and provides to NDOT Director for approval.

6. Applicants are notified if they have been successful or if they need to reapply.

For more information please go to www.nevadadot.com/tap

ATTACHMENT A


http://www.nevadadot.com/pif

http://www.nevadadot.com/pif

http://www.nevadadot.com/tap

http://www.nevadadot.com/tap

FY16 $25,924,506

FY17-FY19 $6,652,816

Tahoe MPO Proposed Funding $104,577,322

Proposed – Subject to change

ATTACHMENT A


Annual Work Program / Short Range Element / Long Range Element

INTRODUCTION

This section of the Transportation System Projects document contains the ANNUAL WORK PROGRAM, SHORT RANGE ELEMENT, and LONG RANGE ELEMENT listed by County.

The ANNUAL WORK PROGRAM (AWP) includes: FY16 - Fiscal Year 2016• Construction projects NDOT intends to start work on or participate in during the coming

Federal Fiscal Year 2016• Construction projects NDOT plans to award to contractors• Major Maintenance work initiated by NDOT which may be completed by the end of the

Federal Fiscal Year 2016.

The AWP is considered the Department’s capital improvement program for the Federal Fiscal Year 2016. All projects are subject to the availability of state and federal funds as well as staff resources. Problems in financing, engineering, right-of-way acquisitions, or revised priorities may delay the completion of any project listed.

The SHORT RANGE ELEMENT (SRE) includes: FY17 – FY19• Construction projects proposed for Federal Fiscal Year 2017 – 2019,• Construction projects NDOT plans to award to contractors• Major maintenance work initiated by NDOT to be completed by FY17.

The LONG RANGE ELEMENT (LRE) identifies: FY20 and beyondConstruction projects the State, the four Metropolitan Planning Organizations, and local governments would like to have initiated within Federal Fiscal Years 2020 through 2025.

PROGRAM DEVELOPMENT DIVISIONNevada Department of Transportation

1263 South Stewart StreetCarson City, Nevada 89712 (775) 888-7122

ATTACHMENT A


How to read the Work Program table and data

DEFINITIONS OF PROJECT ID OR CODE(MAP LOCATION NUMBER)

PROJECT ID COLOR CODES USED ON MAPS:

PROJECT ID CODE: WA20160003-16

WA20160003-16: These Two Letters designate the county

WA20160003-16: Starting with the FY 2016 AWP these Four Number designate the Fiscal Year the Project was entered into the AWP

WA20160003-16: Starting with the FY 2016 AWP these Four Numbers are assigned to the Project to differentiate it from Other Projects within the same County andFiscal Year

WA20160003-16: These Two Numbers represents the Year the Project is to be funded

WA20160003-LRE: A Project or Phase of a Project that has not been scheduled for funding is listed as a Long Range Element (LRE)*

*When the Project or Phase is scheduled for funding it moves from the LRE to the AWP or to the Short Range Element and is assigned a Project ID Code.

Name Years Color

Annual Work Program Fiscal Year 2016 Red

Short Range Elements 2017 – 2019 Green

Long Range Elements 2020 and beyond Blue

COUNTY IDENTIFIER ABBREVIATIONS

CC – Carson City EU – Eureka County NY – Nye CountyCH – Churchill County HU – Humboldt County PE – Pershing CountyCL – Clark County LA – Lander County ST – Storey CountyDO – Douglas County LN – Lincoln County WA – Washoe CountyEL – Elko County LY – Lyon County WP – White Pine CountyES – Esmeralda County MI – Mineral County

ATTACHMENT A


FY16 Work Program

ATTACHMENT A


DO20110001-16

DO20140006-16

DO20130007-16

WA20140048-16

WA20140058-16

WA20140026-16

DO20130006-16

Fiscal Year 2016 Work Program

28

88

206

877

431

206

757

756

207

760

50

50

395

580

ALT395

Lake Tahoe TMPONDOT Projects:

Prepared by:Nevada Department of TransporationMay, 2015

This Map is for display purposes only.No liability is assumed for the informationdisplayed hereon.

ATTACHMENT A


Tahoe MPO FY16 Work Program

Map Location Location / Project Description (Phase) - Fund Source TotalDO20110001-16 US 50 from Cave Rock to SR 28 Spooner Junction. DO 6.95 to 12.30 Final

design and construction of slope stability, water quality and erosion control improvements. (Not completed in Phase A or Phase B) (Const) Unknown

$6,125,000

DO20140006-16 US 50, Deployment of CCTV and flow detectors at SR 28, Spooner Junction. DO 12.30 to 12.30 Deployment of CCTV and flow detectors at SR 28, Spooner Junction. (Other) District Contract

$200,000

DO20130007-16 US 50 at 3.50 M E of Jct Cedar Brook Dr. DO 12.00 Double Micro entire area in the Spooner Maintenance Yard (MY933). (Const) District Contract

$7,673

WA20140048-16 SR 431, Mt Rose Hwy WA 0.26 to 0.65 Highway Truck Escape Ramp (Const) Highway Safety Improvement Program (HSIP), State Match -Nevada

$4,100,000

WA20140026-16 SR 431, Mt Rose Hwy, Remove and Replace Concrete Barrier Rail. WA 0.01 to 2.25 Remove and Replace Concrete Barrier Rail. (Const) District Contract

$1,502,963

DO20130006-16 ARDO01 Access Rd from Highway 50 to the Spooner Maintenance Station. DO 0.00 to 0.17 Double Micro entire length and width of frontage road to entrance of the Spooner Maintenance Yard. (Const) District Contract

$9,691

NV20120167-16 Operating, Administrative & Intercity Expenses for a Deviated Fixed Route and Demand Response Transit Service in Incline Village (Other) FTA Section 5311 Small Urban & Rural Public Transportation

$486,179

WA20140058-16 Sweetwater Dr (in Incline Village) to Sand Harbor State Park. WA 2.45 to 5.00 Stateline to Stateline Bikeway - North Demo Project;

Construct shared use path from Sweetwater Dr (in Incline Village) to Sand Harbor State Park. (Const) Federal Appropriation, Local Funds (TMPO), Other, TAP Statewide - Flex

$8,350,000

NV20120007-16 Tahoe Transportation District. Lake Tahoe from Stateline to Zephyr Cove / Kingsbury Grade / Carson City Operating, Administrative Expenses for a Deviated Fixed Route and Demand Response Transit Service (Other) FTA Section 5311 Small Urban & Rural Public Transportation

$5,143,000

ATTACHMENT A


Short Range Elements

FY17 – FY19

ATTACHMENT A


Short Range Elements

WA20140049-18

28

88

206

877

431

206

757

756

207

760

50

50

395

580

ALT395

Lake Tahoe TMPONDOT Projects:

Prepared by:Nevada Department of TransporationMay, 2015

This Map is for display purposes only.No liability is assumed for the informationdisplayed hereon.

ATTACHMENT A


Tahoe MPO Short Term Elements FY17 –

FY19

Map Location Location / Project Description (Phase) - Fund Source Total

NV20120167-17 Operating, Administrative & Intercity Expenses for a Deviated Fixed Route and Demand Response Transit Service in Incline Village (Other) FTA Section 5311 Small Urban & Rural Public Transportation

$486,179

NV20120007-17 Tahoe Transportation District. Lake Tahoe from Stateline to Zephyr Cove / Kingsbury Grade / Carson City Operating, Administrative Expenses for a Deviated Fixed Route and Demand Response Transit Service (Other) FTA Section 5311 Small Urban & Rural Public Transportation

$3,066,637

WA20140049-18 SR 28 from 0.242 miles N of E Lakeshore Blvd to the NV/CA State line. WA 5.21 to 10.99 Mill 2.75", 2"PBS w/OG and re-establish crown (Const) State Funded - 3R

$3,100,000

ATTACHMENT A


Long Range Elements

FY20 and Beyond

ATTACHMENT A


Tahoe MPO Long Range Elements – FY20+

Map Location Location / Project Description (Phase) - Fund Source Total

DO20130005-00 US50/SR207 intersection South to Pioneer Trail intersection Realign roadway, reduce lanes and transit-bike-pedestrian lane (RW, Const) Caltrans - PLH, Caltrans - State Cash, Local Funds (TMPO), State Gas Tax

$72,000,000

ATTACHMENT A


Thank you for allowing the

Nevada Department of Transportation

to engage with the Commissioners, County

Staff and citizens of Tahoe MPO.

ATTACHMENT A


JS/jw AGENDA ITEM: VII.A.

MEMORANDUM

Date: June 8, 2015 To: Tahoe Transportation District (TTD) Board of Directors From: TTD Staff Subject: Review and Acceptance of the District’s Financial Statement of Operations for

July 1, 2014 through April 30, 2015 Action Requested: It is requested the Board accept the Financial Statement of Operations for the first ten months of fiscal year 2015, ending April 30, 2015. Fiscal Analysis: The District is currently in good financial standing. Background: Staff has completed analyzing financial information for the first ten months of fiscal year 2015 (FY15). The presentation of the financial information will highlight FY15 April activity and continues to detail the District’s funds: General, Capital Improvement Program (CIP), and Transit Operations. Discussion: General Fund – Overall, the District ended with an increase of $28,189 for April activity. The increase can be summarized as follows: District Operations $27,031 The Ridge Contribution $35,159 CNG Fueling Facility ($2) Trillium Fees $8,335 Rental Car Mitigation Fees (RCMF) $1,160 Avis (April) $1,160 The net result increased General Fund’s overall fund balance for the year to $303,176, which is $52,166 more than at the start of the fiscal year. General Fund Forecast – Ruffalo & Associates (Lobbyist) monthly $4,000 fee for April will be recorded in May. RCMF’s have increased $11,741 from $56,404 in FY14 to $68,145 in FY15 for the period July through April. Staff anticipates Douglas County’s $80,000 match fund contribution will occur in June, while contribution requests from the City of South Lake Tahoe, El Dorado County and Placer County will occur in FY 16.



CIP Fund – April activity resulted in an increase of $5 (Interest). Below is a brief recap of the April activity for the CIP fund. Funding Source Expenditures Grant Balance FLH Half Percent Round 5 $152,752 $2,029,373 TMPO $21,024 $322,226 Public Lands Highways Discretionary Fund Bikeway 1C $0 $56,761 Bikeway 1D $1,145 $796,878 US 50 $8,183 $520,813 Federal Transit Administration NDOT 5303 $11,868 $464,761 TTD Bus Purchases $0 $772,541 Placer County Bus Purchases $0 $125,000 Prop 1B PTMISEA – Vehicles (FTA 5308) $0 $335,573 PTMISEA – Transit System Modernization $0 $1,000,000 TSSSDRA – Yard Security $0 $27,158 Question 1 NV Bikeway $2,245 $1,420,116

Total Expenditures $197,217

The net result increased CIP’s overall fund balance for the year to $376, which is $63 more than at the start of the fiscal year. TTD received five new buses funded by the FTA 5308 grant and matched with Prop 1B funds in May, which will be transferred into the Transit Fund in June. The remaining four new buses are expected to be received at the beginning of August. Transit Fund- Overall, the District ended with a decrease of $71,406 for April activity. The decrease can be summarized as follows: South Shore Operations – Decrease $71,406 Total costs for Transit Operations incurred during April totaled $414,660. NDOT was invoiced $123,813. Contributions recognized totaled $72,633 (Vail $63,056, The Ridge $5,784, Douglas County $3,793). TDA funding recognized totaled $96,760 (LTF $67,160, STA $29,600). Farebox collections totaled $39,100 and Pass Sales totaled $10,905. Interest earned was $41. Depreciation totaled $68,474. CMAQ – No Activity SR 28 – East Shore Express – No Activity Mobility Management – Even Total costs for the program incurred for April totaled $12,869. NDOT was invoiced $7,079, with Douglas County providing the Nevada match of $373. Caltrans was invoiced $1,185, with the



Ridge contributing $486. Area 4 Agency on Aging was invoiced $3,192 and the Tahoe Truckee Community Foundation Grant contributed $437. Farebox totaled $117. The net result decreased Transit’s overall fund balance for the year to $4,783,126, which is $306,739 less than at the start of the fiscal year. Balance Sheet The detailed balance sheet as of April 30, 2015 is attached (Attachment A). The fixed asset balances, net of depreciation, include $3,150,397 in transit funds and $472,059 in the general fund of federalized obligations. Should the District choose to liquidate a federalized asset, permission from the governmental agency is required and their obligation takes priority. Additional Information: After the March Board approval to award the auditing services contract to Mayer Hoffman McCann, staff was informed Davis Farr acquired the Southern California auditing services from Mayer Hoffman McCann. Marc Davis is one of the primary partners and remains the In-Charge Auditor, IT Specialist and Engagement Shareholder for TTD. TTD has entered into an audit services agreement with Davis Farr, LLC on May 28, 2015. The audit team originally assigned to TTD remains the same, along with the original quoted pricing. If you have any questions or comments regarding this item, please contact Joanie Schmitt at (775) 589-5507 or [email protected]. Attachment:

A. April Financials


Tahoe Transportation DistrictBalance Sheet

As of April 30, 2015

TOTAL General CIP Transit GFAASSETSCash & Equivalents 1,328,426 294,096 261,065 773,266Accounts Receivable 1,930,702 38,493 544,360 1,347,850Prepaids 33,595 18,574 15,022*Capital Assets, Net Depreciation 3,639,351 3,639,351 520,528TOTAL ASSETS 6,932,075 351,163 805,424 5,775,488 520,528

LIABILITIESAccounts Payable 512,493 47,987 157,482 307,025Deferred Revenues 1,308,985 647,566 661,419Nevada State Bank - LOCEE Compensated Absences 23,918 23,918 48,469TOTAL LIABILITIES 1,845,397 47,987 805,048 992,362 48,469

NET POSITIONInvested in Capital Assets 4,140,945 4,140,945 643,592Unrestricted 1,155,244 206,010 314 948,921 -50,944Contingency FundCommitted Encumbrances 45,000 45,000SUB TOTAL NET POSITION 5,341,189 251,010 314 5,089,865 592,648

FY 15 Increase/(Decrease) to Net Position -254,510 52,166 63 -306,739 -120,589

TOTAL NET POSITION 5,086,679 303,176 376 4,783,126 472,059

TOTAL LIABILITIES & NET POSITION 6,932,075 351,163 805,424 5,775,488 520,528

* The fixed asset balances, net of depreciation, include $3,150,397 in transit funds and $424,106 in the governmental-wide fund account of federalized obligations. Should the District choose to liquidate a federalized asset, permission from the governmental agency is required and their obligation takes priority.

ATTACHMENT A

JS/jw AGENDA ITEM: VII.A.TTD/C Board Meeting Packet - June 12, 2015 -Page 31-

Tahoe Transportation DistrictStatement of Operations

July 1, 2014 through April 30, 2015

TOTAL General CIP Transit GFARevenuesFederal Grants 4,111,298 2,459,187 1,652,111State Funding 1,275,568 256,699 1,018,869Contributions 935,181 76,318 858,863General Revenues 202,183 158,798 43,385Charges for Services 780,029 224,245 555,784Special Items 5,052 2,707 63 2,282 7,400TOTAL REVENUES 7,309,311 462,068 2,715,948 4,131,295 7,400

ExpensesPersonnel 843,395 72,177 465,318 305,900Personnel - Compensated Absences 11,793 11,793 -2,474Admin Support 158,498 97,807 60,690Contracts 4,328,957 1,766,094 2,562,862Fuel 447,971 -1,359 449,330Depreciation 680,731 680,731 117,664Other Operating 924,252 339,834 69,094 515,324Capital Outlay 175,212 6,237 692 168,283 5,400Interest 413 413Other Funding Sources -7,400 -7,400 316,881 -316,881 7,400TOTAL EXPENSES 7,563,821 409,902 2,715,886 4,438,034 127,989

Increase / (Decrease) to Net Position -254,510 52,166 63 -306,739 -120,589

ATTACHMENT A


Tahoe Transportation DistrictGeneral Fund

Statement of OperationsJuly 1, 2014 through April 30, 2015

1st Qtr 2nd Qtr 3rd Qtr April 4th QtrYEAR TO

DATE

Board Approved

Budget Var %District

Ops RCMF CNGProgram

TotalsRevenuesGeneral Revenues Admin Support 36,839 54,678 55,638 11,343 11,343 158,498 212,599 74.55% 158,498 158,498 Miscellaneous 100 200 300 500 60.00% 300 300 Contributions 6,000 35,159 35,159 35,159 76,318 135,159 56.47% 76,318 76,318Total General Revenues 36,939 60,678 90,997 46,502 46,502 235,116 348,258 67.51% 235,116 0 0 235,116

Charges for Services Rental Car Mitigation Fees 30,146 14,693 22,146 1,161 1,161 68,145 75,000 90.86% 68,145 68,145 CNG Station Revenues 31,078 39,897 70,126 14,998 14,998 156,100 180,909 86.29% 156,100 156,100Total Charges for Services 61,224 54,590 92,272 16,159 16,159 224,245 255,909 87.63% 0 68,145 156,100 224,245

Special Items Sale of Fixed Assets 2,559 2,559 -100.00% 2,559 2,559 Interest Revenue 45 48 41 15 15 148 240 61.81% 148 148Total Special Revenues 45 2,607 41 15 15 2,707 240 1127.95% 2,707 0 0 2,707

TOTAL REVENUES 98,207 117,875 183,310 62,675 62,675 462,068 604,407 76.45% 237,823 68,145 156,100 462,068

ExpensesOperating Personnel 14,685 24,786 23,121 9,585 9,585 72,177 78,645 91.78% 69,812 2,365 72,177 Fuel -535 -214 -612 1 1 -1,359 3,600 -37.75% -1,359 -1,359 Repairs & Maintenance -554 1,007 453 400 113.15% 453 453 Insurance 936 936 936 312 312 3,120 3,744 83.33% 3,120 3,120 Facility Rent 5,837 6,258 6,664 2,065 2,065 20,823 25,547 81.51% 17,983 2,840 20,823 Facility Utilities 14,845 22,398 32,909 6,252 6,252 76,405 95,573 79.94% 4,058 72,347 76,405 Supplies 4,150 4,134 4,162 1,371 1,371 13,818 16,452 83.99% 13,818 13,818 Advertising & Public Relations 87 295 295 382 600 63.72% 382 382 Reproduction & Printing 282 282 1,200 23.53% 282 282 Postage 278 278 300 92.67% 278 278 Dues, Subscriptions & Publication 2,700 2,762 551 511 511 6,524 4,665 139.85% 6,524 6,524 License & Permits 772 772 2,100 36.76% 450 322 772 Professional Services 46,662 47,614 57,755 12,515 12,515 164,546 212,160 77.56% 98,157 66,389 164,546 Legal Services 1,054 1,054 1,200 87.83% 1,054 1,054 Auditing Services 10,685 5,200 1,765 17,650 23,650 74.63% 17,650 17,650 Bank Fee / CC Fees 210 141 1,805 87 87 2,244 2,000 112.19% 1,650 594 2,244 Transit Management - No Shore 20,000 20,000 20,000 100.00% 20,000 20,000 Training 1,000 0.00% Travel 1,476 424 4,111 1,479 1,479 7,490 8,950 83.69% 7,490 7,490 Taxes 907 1,283 1,187 12 12 3,389 3,500 96.83% 2,835 555 3,389 Miscellaneous Expenses -1 -1 607 0 0 604 5,220 11.58% 604 604Total Operating 102,839 135,167 138,160 34,486 34,486 410,651 510,506 80.44% 242,119 20,000 148,532 410,651

Capital Outlay Office & Equipment over $5000 6,000 6,000 -100.00% 6,000 6,000 Office & Equipment under $5000 237 237 -100.00% 237 237 CIP over $5000 Reimbursed Capital ExpensesTotal Capital Outlay 0 6,237 0 0 0 6,237 0 -100.00% 6,237 0 0 6,237

Interest Interest Expense 365 48 413 6,000 6.89% 413 413Total Interest Expense 0 365 48 0 0 413 6,000 6.89% 413 0 0 413

Other Financing Sources Preventive Maint (In) Capital Outlay (In) Out Transfer (In) Out -7,400 -7,400 -100.00% -7,400 -7,400Total Other Financing Sources 0 0 -7,400 0 0 -7,400 0 -100.00% -7,400 0 0 -7,400

TOTAL EXPENSES 102,839 141,769 130,808 34,486 34,486 409,902 516,506 79.36% 241,369 20,000 148,532 409,902

Increase/(Decrease) to Net Positio -4,632 -23,893 52,502 28,189 28,189 52,166 87,901 59.35% -3,546 48,145 7,568 52,166

Actual vs Budget Program YTDGeneral Fund

Activity

ATTACHMENT A


Tahoe Transportation DistrictCIP Fund


1st Qtr 2nd Qtr 3rd Qtr Apr 4th QtrYEAR TO

DATE

Board Approved

Budget Var %FLH

Rds 4 - 5 PLHD FTA FLAP / TAP Prop 1B Question 1Program

TotalRevenuesCapital Grant & Contributions FTA 5308 102,459 0 102,459 1,000,000 10.25% 102,459 102,459 FTA 5303 1,483 7,969 13,919 11,868 11,868 35,239 500,000 7.05% 35,239 35,239 FLH 1/2 Percent Funding 431,828 604,311 821,233 152,752 152,752 2,010,124 2,375,644 84.61% 2,010,124 2,010,124 Federal Lands Access Program (FLAP) 1,506,637 0.00% Public Lands Highways Discretionary (PL 118,897 75,076 43,790 9,328 9,328 247,092 1,307,619 18.90% 247,092 247,092 TMPO 43,250 21,024 21,024 64,274 -100.00% 64,274 64,274 Transportation Alternatives Pgm (TAP) 66,500 0.00% Prop 1B 22,760 208,252 709 231,721 709,683 32.65% 231,721 231,721 Question 1 11,802 6,894 4,037 2,245 2,245 24,978 18,488 135.10% 24,978 24,978 Contributions 34,750 0.00%Total Capital Grants & Contributions 586,771 1,004,961 926,938 197,216 197,216 2,715,886 7,519,321 36.12% 2,074,398 247,092 137,698 0 231,721 24,978 2,715,886

Special Items Interest Revenue 22 21 15 5 5 63 -100.00% 63 63Total Special Items 22 21 15 5 5 63 0 -100.00% 0 0 0 0 0 63 63

TOTAL REVENUES 586,793 1,004,982 926,953 197,221 197,221 2,715,948 7,519,321 36.12% 2,074,398 247,092 137,698 0 231,721 25,041 2,715,948

Expenses Personnel 117,912 148,801 145,953 52,653 52,653 465,318 562,937 82.66% 417,564 24,263 21,905 1,586 465,318 Contract Services 405,159 502,695 727,513 130,727 130,727 1,766,094 4,949,029 35.69% 1,528,286 215,494 8,692 13,623 1,766,094 Reproduction & Printing 200 200 17,550 1.14% 200 200 Rent Meeting Room 602 1,050 1,800 450 450 3,902 18,485 21.11% 3,902 3,902 Supplies 2,450 0.00% Advertising / Outreach 1,475 8,339 9,814 40,750 24.08% 7,387 2,427 9,814 Admin Support 22,863 34,371 33,629 6,944 6,944 97,807 125,932 77.67% 88,081 4,908 4,609 209 97,807 Postage 10,825 0.00% Subscriptions, Dues, & Publications 502 1,469 1,971 3,300 59.73% 1,971 1,971 License & Permits 12,480 610 13,090 100 13090.05% 3,530 9,560 13,090 Professional Services 15,965 2,399 1,058 5,560 5,560 24,981 120,500 20.73% 8,430 16,551 24,981 Legal Services 1,295 1,295 1,295 1,295

Actual vs Budget Program YTDCIP Activity

ATTACHMENT A


Tahoe Transportation DistrictCIP Fund



DATE

Board Approved

Budget Var %FLH

Rds 4 - 5 PLHD FTA FLAP / TAP Prop 1B Question 1Program

Total

Actual vs Budget Program YTDCIP Activity

Expenses Continued Training 779 1,563 2,342 10,000 23.42% 2,342 2,342 Travel - Per Diem 1,935 426 1,813 467 467 4,641 4,750 97.70% 4,316 324 4,641 Travel - Commercial Air 1,703 957 1,402 4,062 2,250 180.53% 3,639 423 4,062 Travel - Auto 945 426 1,010 415 415 2,796 5,030 55.59% 2,763 33 2,796Total Operating 579,564 694,689 926,843 197,216 197,216 2,398,313 5,873,888 40.83% 2,073,706 247,092 35,239 0 17,299 24,978 2,398,313

Capital Outlay Equipment over $5000 237,050 95 237,145 1,617,433 14.66% 97,724 139,421 237,145 Equipment under $5000 7,817 72,610 80,428 28,000 287.24% 692 4,735 75,001 80,428 CIP over $5000 0.00% Reimb Capital Expenses -7,817 -308,968 -95 -316,881 -1,645,433 19.26% -102,459 -214,422 -316,881Total Capital Outlay 0 692 0 0 0 692 0 -100.00% 692 0 0 0 0 0 692

Interest Interest 0.00%Total Interest 0 0 0 0 0 0 0 0.00% 0 0 0 0 0 0 0

Other Financing Sources Preventive Maint (In) 0.00% Capital Outlay (In) Out 7,817 308,968 95 316,881 1,645,433 19.26% 102,459 214,422 316,881 Transfer (In) Out 0.00%Total Other Financing Sources 7,817 308,968 95 0 0 316,881 1,645,433 19.26% 0 0 102,459 0 214,422 0 316,881

TOTAL EXPENSES 587,381 1,004,350 926,938 197,216 197,216 2,715,886 7,519,321 36.12% 2,074,398 247,092 137,698 231,721 24,978 2,715,886

Increase / (Decrease) to Fund Balance -589 632 15 5 5 63 0 -100.00% 0 0 0 0 0 63 63

ATTACHMENT A


Tahoe Transportation DistrictTransit Fund



DATE

Board Approved

Budget Var %S. Shore

Ops ESEMob

Mgmt CMAQProgram

TotalRevenuesGrants & Contributions

FTA 5311 - NDOT 385,004 378,457 530,629 130,892 130,892 1,424,982 1,925,000 74.03% 1,276,857 92,821 55,304 1,424,982

FTA 5311 - Cal Trans 69,064 63,436 132,500 132,500 100.00% 132,500 132,500

FTA 5317 - Cal Trans 1,198 7,732 4,845 1,185 1,185 14,961 45,008 33.24% 14,961 14,961

Older Americans Act - Area 4 5,993 4,239 5,623 3,192 3,192 19,047 50,000 38.09% 19,047 19,047

CMAQ - Cal Trans 3,949 17,792 7,985 3,752 3,752 33,477 -100.00% 33,477 33,477

USFS - SNPLMA 27,144 27,144 32,080 84.61% 27,144 27,144

RTAP - Cal Trans/NDOT 3,500 0.00%

LT License PLate Fund 49,846 1,421 51,267 68,781 74.54% 51,267 51,267

TDA - LTF 201,482 201,482 201,482 67,161 67,161 671,608 814,116 82.50% 671,608 671,608

TDA - STA 88,799 88,799 88,799 29,600 29,600 295,995 355,194 83.33% 295,995 295,995

Contributions 251,369 314,906 217,795 70,590 70,590 854,660 1,122,030 76.17% 842,068 12,592 854,660

In-Kind Contributions 377 3,826 3,826 4,203 6,120 68.67% 377 3,826 4,203

Total Grants & Contributions 1,084,224 1,078,264 1,057,158 310,196 310,196 3,529,843 4,554,329 77.51% 3,246,172 144,088 102,281 37,302 3,529,843

Charges for Services

FareBox Revenue 151,856 130,237 125,490 39,217 39,217 446,800 539,864 82.76% 431,448 14,877 475 446,800

Pass Sales 37,980 33,615 26,484 10,905 10,905 108,984 120,000 90.82% 108,984 108,984

Advertising Revenue 8,000 0.00%

Total Charges for Services 189,836 163,852 151,974 50,122 50,122 555,784 667,864 83.22% 540,432 14,877 475 0 555,784

Special Items

Sale of Fixed Assets 1,825 1,825 -100.00% 1,825 1,825

Insurance Claim Revenue 43,385 43,385 -100.00% 43,385 43,385

Interest Revenue 173 108 133 42 42 457 570 80.21% 457 457

Total Special Items 173 1,933 43,518 42 42 45,667 570 8011.77% 45,667 0 0 0 45,667

TOTAL REVENUES 1,274,234 1,244,050 1,252,650 360,361 360,361 4,131,295 5,222,763 79.10% 3,832,272 158,965 102,756 37,302 4,131,295

Expenses

Operating

Personnel 74,759 103,354 94,438 33,349 33,349 305,900 387,415 78.96% 236,488 3,211 66,201 305,900 Personnel - Compensated Absenc 2,523 7,287 419 1,564 1,564 11,793 6,000 196.55% 11,793 11,793 Contract Services 640,800 660,270 1,031,515 230,278 230,278 2,562,862 3,159,415 81.12% 2,472,871 79,010 10,981 2,562,862 Vehicle Fuel 129,598 116,436 163,054 40,242 40,242 449,330 771,529 58.24% 433,454 12,739 3,138 449,330 Sales Tax on Fuel 310 611 252 1,174 12,000 9.78% 1,174 1,174 Repair and Maintenance 5,373 37,927 -11,875 7,129 7,129 38,553 160,774 23.98% 38,553 38,553 Insurance 44,422 44,494 44,502 14,807 14,807 148,226 185,727 79.81% 146,008 2,218 148,226 Reproduction & Printing 3,874 1,578 101 53 53 5,606 16,300 34.39% 3,917 1,689 5,606 Facility Rent 39,921 29,240 29,797 9,932 9,932 108,890 148,785 73.19% 98,609 10,252 29 108,890 Facility Utilities 12,335 16,465 14,460 11,780 11,780 55,040 65,141 84.49% 53,601 1,438 55,040 Telephone 3,638 4,528 4,370 1,473 1,473 14,008 18,038 77.66% 14,003 5 14,008 Supplies 56 56 6,100 0.92% 56 56 Advertising & Public Relations 25,478 516 3,231 5,165 5,165 34,391 70,609 48.71% 2,687 22,590 1,055 8,059 34,391 Admin & Overhead Expense 13,976 20,307 22,009 4,398 4,398 60,690 86,667 70.03% 46,479 626 13,585 60,690 License & Permits 83 1,632 1,715 2,625 65.31% 1,715 1,715 Dues, Subscriptions and Publications 854 854 12,500 6.83% 854 854 Professional Services 35,278 18,163 10,025 2,336 2,336 65,802 88,786 74.11% 35,141 26,881 3,781 65,802 In Kind Prof Services 377 377 -100.00% 377 377 Legal Services 275 87 69 431 2,200 19.58% 431 431 Audit Fees 500 500 500 100.00% 500 500 Bank Fees 874 820 820 279 279 2,793 3,600 77.60% 2,793 2,793 Training 1,995 769 280 280 3,044 8,750 34.79% 3,044 3,044

Actual vs Budget Program YTDTO Fund Activity

ATTACHMENT A


Tahoe Transportation DistrictTransit Fund



DATE

Board Approved

Budget Var %S. Shore

Ops ESEMob

Mgmt CMAQProgram

Total

Actual vs Budget Program YTDTO Fund Activity

Expenses Continued Travel 312 545 3,563 226 226 4,646 8,900 52.21% 2,787 1,859 4,646 Reimbursed Travel 182 294 -587 -111 -100.00% -111 -111 Miscellaneous Expenses 0 86 86 200 43.05% 86 86 FareBox Replacement 3,159 19,797 6,288 29,243 -100.00% 29,243 29,243 Depreciation Expense 202,342 204,232 205,684 68,474 68,474 680,731 904,140 75.29% 680,731 680,731Total Operating 1,239,804 1,290,470 1,624,590 431,767 431,767 4,586,631 6,126,701 74.86% 4,287,608 158,965 102,756 37,302 4,586,631

Capital Outlay Equipment under $5000 8,797 75,808 84,606 28,000 302.16% 84,606 84,606 Disposal of Fixed Assets 6,490 83,677 -100.00% 83,677 83,677 Reimbursed Capital Expenses 77,187Total Capital Outlay 8,797 82,299 77,187 0 0 168,283 28,000 601.01% 168,283 0 0 0 168,283

Other Financing Sources Preventive Maint (In) Capital Outlay (In) Out -7,817 -308,968 -95 -316,881 -1,459,183 21.72% -316,881 -316,881 Transfer (In) OutTotal Other Financing Sources -7,817 -308,968 -95 0 0 -316,881 -1,459,183 21.72% -316,881 0 0 0 -316,881

TOTAL EXPENSES 1,240,784 1,063,800 1,701,682 431,767 431,767 4,438,034 4,695,518 94.52% 4,139,011 158,965 102,756 37,302 4,438,034

Increase / Decrease) to Fund Balan 33,449 180,249 -449,032 -71,406 -71,406 -306,739 527,245 -58.18% -306,739 0 0 0 -306,739

ATTACHMENT A


GF/jw AGENDA ITEM: VII.B.

MEMORANDUM

Date: June 8, 2015 To: Tahoe Transportation District (TTD) Board of Directors From: TTD Staff Subject: Review and Acceptance of South Shore and Commuter Transit Contractor Report

and Transit and Mobility Managers’ Updates for April 2015 Action Requested: It is requested the Board review and accept the monthly transit contractor report and the Transit and Mobility Managers’ updates for April 2015. Background: To inform the Board of the performance of the transit system, Staff will submit a monthly summary of key operational information. Transit Contractor Report: April’s combined fixed-route, ski shuttle and demand response ridership totaled 40,745. Heavenly Ski Resort’s last day of winter operations was April 19 and ski shuttle service was finished for the season. Mark Reynolds was the recipient of April’s Customer Service Award. Mark was recognized for his friendly demeanor and good mood with passengers. Jerry Rice is the recipient of April’s Safety Award. He demonstrates integrity with safe practices on the road and in the yard, creating a safe working environment. There were no vehicle incidents in April to report. Transit System Program Manager Report: April’s ridership data was derived from the GFI fare collection system and aggregated by Solutions for Transit’s Reporting Solution. Over the next few months, the presentation format of the statistical information will change to graphical representations with supporting data. Ultimately, the fare collection system coupled with the Reporting Solutions aggregation will improve accuracy, while reducing staff time to generate and process monthly reports. Last month, Staff brought a proposal to limit the CNG fueling station to TTD use only. Since then, Staff has been working with the City of South Lake Tahoe, Liberty Utilities, and Keolis to identify other options. Staff anticipates providing a revised course of action at the July Board meeting.


GF/jw AGENDA ITEM: VII.B.

Mobility Manager Report: The North Tahoe Truckee Transport (NTTT) program’s two grant objectives are unduplicated passengers (first time users) and one-way passenger trips. Through April 2015, there were:

• Unduplicated passengers: o Nevada County 18 out of 35 o Placer County 16 out of 20

• One-way passenger trips:

o Nevada County 96 out of 100 o Placer County 64 out of 80

We are anticipating a contract extension for this program through June 30, 2016. Caltrans approved the Enhanced Mobility for Seniors and Persons with Disabilities, Section 5310 applications for Mobility Management and regional demand response service. Final approval is expected from the California Transportation Commission in June 2015. Additional Information: If you have any questions or comments regarding this item, please contact George Fink at (775) 589-5325 or [email protected]. Attachment:

A. Ridership by Route: April 2015


RIDERSHIP BY ROUTE For the Period: 01-Apr-2015 thru 30-Apr-2015

Total Ridership: 40,745

ATTACHMENT A

GF/jw AGENDA ITEM: VII.B.TTD/C Board Meeting Packet - June 12, 2015 -Page 40-

CH/jw AGENDA ITEM: VIII.A.

MEMORANDUM

Date: June 8, 2015 To: Tahoe Transportation District (TTD) Board of Directors From: TTD Staff Subject: Final Review of Approved Fiscal Year 2016 Budget and Associated Work

Program Action Requested: Last month, the Board heard and approved the Fiscal Year 2016 (FY16) Budget and Work Program, subject to a final review in June for any additional direction. It is requested the Board discuss the final proposed work program and approved budget for FY16, providing feedback and any additional direction to Staff. Fiscal Analysis: The proposed summary budget of revenues and expenses is attached (Attachment A). With projects and transit, the projected budget totals approximately $10.7 million this coming fiscal year, approximately $2 million less than last fiscal year. The funding sources available for the work program in the coming fiscal year continue to be varied and complicated. In general, the project planning work will be supported by the Federal Lands Highway (FLH) half percent funds, Public Lands Highways, or Question 1 (NV) funds as the project phase dictates. This is the last year of funds from the FLH half percent source. This budget anticipates a grant extension through the fiscal year of the FLH funds. (Update: Discussions with Central Federal Lands Highways (CFLHD) staff indicate support for the extension; a formal request has been made to the TMPO, whom have in turn made a formal request to CFLHD).To balance the proposed budget, approximately $600,000 of FLH funds programmed for the ferry project were reprogrammed to other projects, and will need to be replaced with other sources to complete the environmental analysis and decision process of the ferry project. Staff has identified several potential replacement sources, and should one be acquired, a budget amendment would be made at a future date. Transit funding sources include Federal Transit Administration (FTA) funds from programs 5311, 5317, 5308, 5310, Nevada License Plate Fund, Transit Development Act (TDA), California Proposition 1B TSSSDRA and PTMISEA, and private sector contributions dependent on whether the use is transit operations or capital acquisition. Planning funds are 5303 and FHWA PL funds. Other funds available to the District are member and regional contributions to the District’s general fund. This is our weakest source of funding support.



The proposed budget includes merit increases for qualified staff and a fifteen percent budgeted increase in health insurance costs, based on indications by our plan provider. (Update: It appears that health costs may remain flat.) Work Program Analysis: This budget proposal anticipates partially backfilling the two vacant capital project positions through contractors and shifting existing staff into the balance of the work load. With that shift, the budget is including a new half time support position for fiscal grant management duties. Approval of this budget will leave the District with a staff of nine full-time and one half-time, down from eleven in FY 2015, including the District Manager, and provides the balance of its work through contract services. (Update: Discussions with interested parties may make it possible to fill one of the project management positions on a one-year contract basis, with continuation subject to additional funding.) Background: This proposed budget and work program will be the seventh full fiscal year since the Board hired a District Manager and subsequent staff. The capital and transit programs continue to make progress, although will be more challenged in the coming fiscal year as project planning funds wind down. Sustained funding to deliver the construction of all projects and advance the development of a regional transit system and services will be the overarching goal for the fiscal year. Discussion: The District’s FY16 work program and budget continues to reflect three major work areas: projects and capital program, administration and agency development, and transit. The Work Program for FY16 is found in Attachment B. The work program structure remains consistent with the past. The budget continues to be complex with numerous special funds used to operate and advance the District’s work program for projects and transit. The programs are operating at full capacity with:

• Construction commencing on another section of the South Demo Shared Use Trail on Laura Drive summer of 2015

• Final design and construction is expected to commence in FY16 for the SR 89/Fanny Bridge Community Revitalization Project and the North Demonstration Project along SR 28

• Environmental document preparation for the SR 28 Bike Trail Project (Central Corridor) south of Sand Harbor State Park and Spooner Summit will continue

• The environmental document for the US 50 South Shore Community Revitalization Project is expected to be released and move to decision in the 2016 fiscal year

• The last major project of the original set targeted in 2009, the Aquabus Cross-Lake Passenger Ferry, will continue through the environmental document development stage, funding dependent.

Planning work that commenced in FY 2015 will continue and be concluded in FY16:

• To address long-term plans for potential transit service connecting the Sacramento and Reno corridor areas with Tahoe and the Sierra

• Integrated regional transit system planning • Transit facility planning • Corridor Implementation Planning and updating the Regional Transportation Plan with

the Tahoe Metropolitan Planning Organization



Additional Information: If you have any questions or comments regarding this item, please contact Carl Hasty at [email protected] or (775) 589-5501. Attachments:

A. FY 2016 Approved Budget B. FY 2016 Work Program



Tahoe Transportation DistrictApproved FY 16 Budget

By Fund

TOTAL GENERAL CIP TO GFARevenuesFederal Grants 5,413,479 2,990,121 2,423,358State Funding 2,396,789 1,108,073 1,288,716Contributions 1,850,542 115,159 661,250 1,074,133General Revenues 262,048 262,048Charges for Services 762,504 80,000 682,504Special Items 10,810 240 10,570 1,500TOTAL REVENUES 10,696,172 457,447 4,759,444 5,479,281 1,500

ExpensesPersonnel 1,218,749 99,930 629,580 489,239 10,000Admin Support (ICAP) 261,548 104,980 156,568Contracts 6,069,609 2,931,169 3,138,440Fuel 615,100 600 614,500Other Operating 1,508,543 312,390 129,700 1,066,453Depreciation 924,684 924,684 75,000Capital Outlay 65,417 65,417 156,250Interest 3,000 3,000TOTAL EXPENSES 10,666,650 415,920 3,795,429 6,455,301 241,250

Other Funding SourcesIn (Revenues) -807,765 -807,765 -156,250Out (Expenses) 964,015 964,015TOTAL OTHER FUNDING SOURCES 156,250 0 964,015 -807,765 -156,250

Increase / (Decrease) to Fund Balance -126,728 41,527 0 -168,255 -83,500

General Fund 4%

Capital Improvement

Program 35% Transit

Fund 61%

Expenses by Fund Type

ATTACHMENT A

CH/jw AGENDA ITEM: VIII.A.TTD/C Board Meeting Packet - June 12, 2015 -Page 44-


Personnel Costs

FY 16 Budget Tops SR28 MM-CA MM-NV Area 4 SLT-STS FLH Rd 5 PLHD 1C PLHD 1D PLHD 2 Q1-NVBike FTA 5303 General TOTALPERSONNELSalaries & Wages 210,622 10,709 17,414 33,202 2,194 4,917 233,157 3,591 14,417 22,944 47,668 54,460 61,865 717,160Admin/Vac/Sick 52,657 2,677 4,353 8,300 548 1,229 58,290 898 3,604 5,735 11,917 13,615 15,609 179,432Allowance 805 38 115 5,259 38 384 308 460 573 7,980Medicare 3,829 195 316 603 40 89 4,302 65 262 421 868 994 1,132 13,116SUTA 3,440 168 308 580 41 89 3,174 52 192 266 683 747 771 10,511DAC MPP 21,127 1,074 1,741 3,329 219 492 23,737 359 1,445 2,325 4,791 5,483 6,244 72,366DAC Retirement 10,562 537 871 1,665 110 246 11,866 180 722 1,163 2,396 2,741 3,122 36,181Health Insurance 54,080 2,819 3,245 6,305 485 1,021 45,042 857 3,139 4,175 10,851 9,317 9,307 150,643Dental Insurance 4,249 227 249 488 37 79 3,779 70 257 346 934 758 734 12,207Life/STD Insurance 1,491 70 99 192 14 30 1,267 23 88 121 289 346 314 4,344Vision Care Insurance 711 37 48 93 7 14 636 11 42 57 152 135 133 2,076Workers Compensation 1,376 117 63 117 8 17 550 9 35 51 120 144 126 2,733Total Personnel 364,949 18,668 28,707 54,989 3,703 8,223 391,059 6,115 24,241 37,988 80,977 89,200 99,930 1,208,749

Projected Year End FY 2015

Prelim Budget

FY 2016 VarianceTransit Ops 298,638 364,949 22.2% Tahoe Transportation DistrictSR 28 -ESE 5,211 18,668 258.2% Payroll Reconciliation between FY 15 & FY 16Mob Mgmt - CA 22,001 28,707 30.5%Mob Mgmt - NV 63,500 54,989 -13.4% FY 15 Proposed Budget includes merit increase for staffArea 4 1,920 3,703 92.9% Includes Transportation Projects Mgr and Capital Program SpecialistSLT-STS - 8,223 100.0%FLH 1/2% 532,969 391,059 100.0% FY 16 Budget 1,208,749PLHD - 1C (Bikeway) 3,284 6,115 86.2% FY 15 Projected 1,080,925PLHD - 1D (Laura Dr) 6,500 24,241 100.0% Variance 127,824PLHD - 2 (US 50) 20,258 37,988 100.0% 11.8%Question 1 (NV Bikeway) 1,586 80,977 100.0% Variance ReconciliationFTA 5303 28,919 89,200 100.0% Admin Assistant 24 Hrs/Week, Full Benefits 33,262District Ops 96,139 99,930 3.9% Merit Increase 30,954Total 1,080,925 1,208,749 11.8% SSRP & Retirement on Merit Increase 3,715

Transit System Prgm Mgr (7/1 - 11/2) 28,305Health Care Increase Estimated at 15% 17,796

Personnel by Fund

Projected Year End FY 2015

Prelim Budget

FY 2016 Variance FY 16 includes Paid CTO 10,051Transit Ops 391,270 479,239 22.48% Mob Mgmt Reclass in FY 15 3,228CIP 593,516 629,580 6.08% Total 127,311General 96,139 99,930 3.94%Total 1,080,925 1,208,749 11.8% Difference (Dental, Life, Vision, etc.) 513

Transit Ops CIP General

Personnel Costs by Fund Type

Projected Year End… Prelim Budget…

ATTACHMENT A


Fiscal Year 2016 Salary Table

TTD Positions

Grade Position Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 Step 81 24,958 25,957 26,956 27,953 28,951 29,951 30,949 31,9472 26,955 28,033 29,112 30,191 31,269 32,348 33,427 34,5053 29,112 30,277 31,441 32,605 33,771 34,934 36,098 37,2644 Administrative Assistant 31,441 32,698 33,956 35,214 36,471 37,729 38,986 40,2445 33,956 35,314 36,673 38,030 39,389 40,747 42,105 43,4646 36,673 38,140 39,607 41,073 42,541 44,007 45,474 46,9417 39,607 41,190 42,774 44,358 45,944 47,528 49,111 50,6968 42,774 44,486 46,197 47,907 49,618 51,330 53,040 54,751

9 District Analyst 46,197 48,043 49,892 51,740 53,588 55,436 57,283 59,130

10Clerk of Board/DBE Liaison;

Transit Accountant 49,892 51,888 53,885 55,879 57,875 59,870 61,866 63,862

11 53,885 56,039 58,195 60,350 62,503 64,661 66,815 68,970

12 Mobility Manager 58,195 60,522 62,849 65,177 67,505 69,834 72,160 74,488

13 Controller 62,849 65,364 67,878 70,392 72,906 75,420 77,934 80,448

14Capital Program Specialist;

Transit Manager 67,878 70,592 73,308 76,024 78,739 81,453 84,168 86,884

15 Transit System Program Mgr 73,308 76,241 79,172 82,105 85,037 87,970 90,902 93,835

16 79,172 82,339 85,505 88,674 91,840 95,007 98,173 101,341

17 Transportation Projects Mgr 85,505 88,926 95,116 95,766 99,187 102,607 106,027 109,448

18 Legal Counsel 92,346 96,041 99,735 103,429 107,121 110,817 114,510 118,204

ATTACHMENT A



General Fund

FY 16 BudgetDistrict

OperationsRevenuesGeneral Revenues Admin Support 261,548 261,548 Contributions 115,159 115,159 Misc. 500 500Total General Revenues 377,207 377,207

Charges for Services Rental Car Mitigation Fees 80,000 80,000Total Charges for Services 80,000 80,000

Special Items Interest Revenue 240 240Total Special Revenues 240 240

TOTAL REVENUES 457,447 457,447

Expenses Personnel 99,930 99,930 Professional Services 161,100 161,100 Auditing Services 31,710 31,710 Legal Services 1,200 1,200 Facility Rent 21,840 21,840 Facility Utilities 6,000 6,000 Supplies 16,800 16,800 Insurance 3,500 3,500 Advertising & Public Relations 1,000 1,000 Reproduction & Printing 1,200 1,200 Postage 300 300 Dues, Subscriptions & Publications 13,690 13,690 License & Permits 500 500 Transit Management - No Shore 20,000 20,000 Training 5,000 5,000 Travel 13,050 13,050 Vehicle Fuel 600 600 Repairs & Maintenance 400 400 Modified Business Tax 4,800 4,800 Interest 3,000 3,000 Miscellaneous Expenses 10,300 10,300

TOTAL EXPENSES 415,920 415,920

Increase/(Decrease) to Fund Balance 41,527 41,527

ATTACHMENT A



General FundSupplemental Information

Administrative Support Revenue (10% ICAP) AmountCIP - Public Lands Highways Discretionary -Bikeway Phase C 3,112CIP - Public Lands Highways Discretionary -Bikeway Phase D 10,024CIP - Public Lands Highways Discretionary -US 50 12,801CIP - Federal Lands Highways - 1/2 Percent 64,673CIP - FTA 5303 11,870CIP - IVGID 2,500TO - Transit Operations 118,922TO - East Shore Express 14,572TO - NV Mobility Management 6,504TO - CA Mobility Management 3,317TO - Area 4 5,051TO - NV Specialized Transit System 3,735TO - CMAQ 4,467

Total Admin Support Revenue 261,548

Admininstrative Support Revenue by FundCIP 104,980TO 156,568Total 261,548

Professional ServicesTahoe Regional Planning Agency 51,600SCS - Financial Software Annual Fees & Support 29,000CipAce - Grant Management Software Annual Fees 10,000Compensation Study 7,500Raymond James Annual Fees 5,000TBD 10,000Ruffalo & Associates (Lobbyist) 48,000

Total Professional Services 161,100

TRPA Annual AssessmentProjected FY 16 96,240FY 15 92,883Increase 3,357

ATTACHMENT A



Capital Improvement Program Fund

FY 16 Budget

Capital Improvement

ProjectsTransit Capital

PurchasesRevenuesCapital Grants & Contributions FLH 1/2 Percent Funding 1,023,850 1,023,850 Public Lands Highways Discretionary (PLHD) 1,180,281 1,180,281 Question 1 533,977 533,977 FTA 5303 (Tahoe Basin Corridor) 397,321 397,321 FTA 5308 (Bus Purchases incl Placer Cty) 357,016 357,016 FTA 5310 (Van Purchase) 31,653 31,653 Prop 1B 574,096 574,096 Contributions/Grant Match 661,250 630,000 31,250TOTAL REVENUES 4,759,444 3,765,429 994,015

Expenses Personnel 629,580 629,580 Contract Services 2,931,169 2,931,169 Reproduction & Printing 1,500 1,500 Rent Meeting Room 13,450 13,450 Advertising / Outreach 17,925 17,925 Admin Support (ICAP) 104,980 104,980 Supplies 3,225 3,225 Subscriptions, Dues, & Publications 4,000 4,000 Professional Services 58,900 28,900 30,000 Training 10,330 10,330 Travel - Per Diem 9,420 9,420 Travel - Commercial Air 6,700 6,700 Travel - Auto 4,250 4,250Total Operating 3,795,429 3,765,429 30,000

Capital Outlay Equipment over $5000 900,735 900,735 Equipment under $5000 63,280 63,280 CIP over $5000 Reimb Capital Expenses -964,015 -964,015Total Capital Outlay 0 0 0

Other Financing Sources - Expenses Preventive Maint (In) Out Capital Outlay (In) Out 964,015 964,015 Transfer (In) OutTotal Other Financing Sources 964,015 0 964,015

TOTAL EXPENSES 4,759,444 3,765,429 994,015

Increase / (Decrease) to Fund Balance 0 0 0

ATTACHMENT A



Capital Improvement Program Supplemental Schedule

Expenses

CIP ProjectsFLH Half Percent 1,023,850$

CIP Development & Management 93,862SIP Development & Management 9,922US 50 2,960Waterborne Transit - FTA Alternative Analysis 173,165NV Stateline to Stateline Bikeway - So Demo 4,033SR 89 - Fanny Bridge 101,189Meeks Bay 15,019SR 28 Parking Lots 12,494Trans Sierra / Regional Revenue Development 218,935Tahoe Multi Modal Corridor Mgmt Plan 97,000Other 295,271

Public Lands Highways Discretionary 1,180,281$ Bikeway - 1C So Demo 34,227Bikeway - 1D Laura Drive 670,265US 50 475,789

Question 1 533,977$ Bikeway - 1D Laura Drive 40,000Bikeway - No Demo 145,277Bikeway - Central Corridor 348,700

FTA 5303 (Tahoe Basin Corridor) 397,321$

Contributions 630,000$ IVGID - Bikeway Central Corridor 300,000Placer County - SR 89 190,000TMPO - Tahoe Multi Modal Corridor Mgmt Plan 140,000

Total CIP Project Expenses 3,765,429$

ATTACHMENT A



Capital Improvement Program Supplemental Schedule

Transit Capital Purchases Expenses Transfer to TO Transfer to GFA

Bus Purchases Including Placer Cty 544,623$ 388,373 156,250Prop 1B - PTMISEA 154,220Prop 1B - TSSSDRA 2,137FTA 5308 232,016Placer County 156,250

Van Purchase 39,566$ 39,566Prop 1B - PTMISEA 7,913FTA 5310 - NDOT 31,653

AVL & Scheduler 261,000$ 261,000Prop 1B - PTMISEA - AVL 211,000Prop 1B - PTMISEA - Scheduler 50,000

Yard Lighting & Security 15,640$ 15,640Prop 1B - TSSSDRA 15,640

Shelter Lighting & Security 51,182$ 36,182Prop 1B - TSSSDRA 51,182

Two-Way Radios 52,004$ 52,004Prop 1B - TSSSDRA 52,004

Facility Improvements & CNG Modernizations 30,000$ 15,000Prop 1B - PTMISEA 30,000

Total Transit Capital Purchases 994,015$ Total Transfers 964,015$ 807,765$ 156,250$

Total CIP Expenditures 4,759,444

ATTACHMENT A



Transit Fund

FY 16 Budget Transit Ops SR 28 CMAQ

Mobility Mgmt

SLT-Specialized

Transit Services Area 4

RevenuesGrants & Contributions FTA 5311 - NDOT 2,080,450 1,838,992 147,626 93,832 *FTA 5311 F - Caltrans 42,272 42,272 FTA 5311 - Caltrans 110,997 110,997 *FTA 5310 - Caltrans 48,807 24,442 24,365 FTA 5317 - Caltrans 5,835 5,835 Older American Act 64,212 14,212 50,000 *Cty Based Medi-Cal Adm Act (CMAA) 2,500 2,500 CMAQ 64,785 64,785 RTAP 3,500 3,500 *NV State Lands 75,000 75,000 *Low Carbon - CA 34,128 34,128 Lake Tahoe License Plate Fund 10,000 10,000 Contributions 1,063,538 1,043,157 1,642 8,355 4,828 5,556 In Kind Contributions 10,595 10,595 TDA - LTF 804,833 804,833 TDA - STA 364,755 364,755Total Grants & Contributions 4,786,207 4,269,576 232,626 77,022 108,022 43,405 55,556

Charges for Services FareBox Revenue 530,504 516,000 14,504 Pass Sales 150,000 150,000 *Lease Back Revenue 2,000 2,000Total Charges for Services 682,504 668,000 14,504 0 0 0 0

Special Items Insurance Claims Sale of Fixed Assets -10,000 -10,000 Interest Revenue 570 570Total Special Items 10,570 10,570 0 0 0 0 0

TOTAL REVENUES 5,479,281 4,948,146 247,130 77,022 108,022 43,405 55,556

Operating Expenses Personnel 479,239 364,949 18,668 83,696 8,223 3,703 Contract Services 3,138,440 3,000,000 101,840 15,000 21,600 Vehicle Fuel 614,500 575,000 30,000 3,500 6,000 Sales Tax on Fuel 8,000 8,000 Repair and Maintenance 161,004 155,004 6,000 Insurance 250,800 246,300 3,500 1,000 Reproduction & Printing 12,750 5,000 2,000 3,000 750 2,000 Facility Rent 139,000 126,600 12,000 400 Facility Utilities 90,500 85,500 5,000 Telephone 17,500 17,500

ATTACHMENT A



Transit Fund

FY 16 Budget Transit Ops SR 28 CMAQ

Mobility Mgmt

SLT-Specialized


Operating Expenses Continued Supplies 2,950 1,500 150 500 500 300 Postage 400 200 200 Advertising & Public Relations 66,090 5,000 30,000 23,340 1,750 6,000 Admin Support (ICAP) 156,568 118,922 14,572 4,467 9,821 3,735 5,051 License & Permits 2,625 2,500 125 Dues, Subscriptions and Publications 2,500 2,500 Professional Services 237,892 193,490 29,200 3,500 1,000 10,702 Legal Services 3,200 3,200 Training 10,075 7,500 2,200 375 Travel 11,352 5,000 5,305 1,047 Farebox Replacement 49,215 49,215 Miscellaneous Expenses 600 600 Compensated Absences 10,000 10,000Total Operating Prior to Depreciation 5,465,200 4,934,065 247,130 77,022 108,022 43,405 55,556

Net Increase / (Decrease) prior to Deprec 14,081 14,081 0 0 0 0 0

Depreciation Expense 924,684 924,684 0 0 0 0 0

Capital Outlay Equipment under $5000 65,417 65,417 Disposal of Fixed AssetsTotal Capital Outlay 65,417 65,417 0 0 0 0 0

TOTAL EXPENSES 6,455,301 5,924,166 247,130 77,022 108,022 43,405 55,556

Other Funding Sources - Revenues Revenues Preventive Maint (In) Out Capital (In) Out -807,765 -807,765 Transfers (In) OutTotal Other Financing Sources -807,765 -807,765 0 0 0 0 0

Increase / Decrease) to Fund Balance -168,255 -168,255 0 0 0 0 0

*New Funding Sources

Operations SR 28 (ESE) SLT-STSTotal Budgeted Expenses 4,934,065 247,130 55,556

Revenue Hours 54,495 1,418 696

Cost per Revenue Hour 90.54 174.28 79.82

Hourly Rate

ATTACHMENT A



Transit FundSupplemental Information

Transit Fund ContributionsFY 16

BudgetTransit

Ops SR 28 CMAQMobility

Mgmt

SLT-Specialized


Vail Resorts 850,000 850,000Douglas Cty 50,000 46,423 3,577The Ridge 103,154 96,734 1,642 4,778STPUD 50,000 50,000Town of Truckee 5,556 5,556Barton Hospital 4,828 4,828

Total Contributions 1,063,538 1,043,157 0 1,642 8,355 4,828 5,556

In Kind ContributionsAdvertising - Outside TV 10,595 10,595

ATTACHMENT A



Governmental Fund Assets

GFA Total

RevenuesSale of Fixed Assets (STATA CNG BUS) 1,500Other Funding Sources (Placer Cty Bus Transfer) 156,250TOTAL REVENUES 157,750

ExpensesEE Compensated Absences 10,000Depreciation 75,000Disposal of Fixed Assets (Placer Cty Bus to Placer) 156,250TOTAL EXPENSES 241,250

Increase / (Decrease) to Fund Balance -83,500

ATTACHMENT A


Tahoe Transportation DistrictProposed Budget

FY 2016

WE Total General CIP Transit OpsWages & Benefits Hours

1 129,742 7,288 122,454 0 124,892 2,4342 574,012 349,596 224,416 0 177,349 3,3933 2,513,118 0 2,513,118 0 262,413 4,7514 6,520,783 35,482 30,000 6,455,301 492,721 10,8925 928,995 23,554 905,441 0 151,374 2,658

Total 10,666,650 415,920 3,795,429 6,455,301 1,208,749 24,128

11 Full Time Employees (2080 hrs/Yr/EE) 22,8801 Part Time Employee (24 Hr/Wk) 1,248Total Hours 24,128

ATTACHMENT A


FY 2015/2016 Work Program

ATTACHMENT B


FY 2016 WORK ELEMENTS WORK ELEMENT 1: TTD ADMINISTRATION AND OUTREACH

TASKS 1.1 – Board Relations, Policy Meetings, Community Relations 1.2 – Work Program and Budget Development and Management 1.3 – Report/Coordinate with TMPO and Federal Highways

WORK ELEMENT 2: PROGRAM MANAGEMENT FOR PROJECTS AND SERVICES TASKS

2.1 – Strategic Plan Development 2.2 – Capital Improvement Program Development and Management 2.3 – Service Improvement Program Development and Management 2.4 – Informed Decision Program Development and Management 2.5 – Fiscal Administration and Controls, Risk Management, Record Keeping

WORK ELEMENT 3: TTD PROJECT DEVELOPMENT AND IMPLEMENTATION

TASKS 3.1 – US 50/South Shore Community Revitalization Project 3.2 – Lake Tahoe Ferry/Waterborne Project 3.2.1 – FTA Alternatives Analysis (inactive as of FY12) 3.3 – Nevada Stateline to Stateline Bikeway Project 3.3.1 – South Demo-Phase I

3.3.1B – Construction (completed FY13) 3.3.1C – Construction (completed FY13) 3.3.1D – Laura Drive

3.3.2 – North Demo-Phase II 3.3.3 – Central Corridor-Phase III 3.4 – SR 89 Fanny Bridge Community Revitalization Project 3.5 – SR 28/431 Operational/Safety Improvement Project (completed FY13) 3.6 – Other Projects 3.7 – El Dorado East (inactive as of FY12) 3.8 – Transit Shelters 3.8.1 – California Phase I (completed FY12) 3.8.2 – Nevada Phase I (completed FY12) 3.8.3 – California Phase II (completed FY 13) 3.8.4 – Nevada Phase II (completed FY13) 3.8.5 – California Phase III (FY17) 3.8.6 – California Phase IV (no funding identified)

3.8.7 – Nevada Phase III – Washoe County Incline replacement (project withdrawn)

3.9 – Meeks Bay Bike Trail 3.10 – SR 28 Corridor Management Project 3.11 – Transit Capital Facility Plan 3.12 – Rocky Point/Hidden Beach Vista 3.13 – Forest Service Lot Expansion 3.14 – US 50 Park & Ride Lot

ATTACHMENT B


Tahoe Transportation District

Fiscal Year 2016 - 2 -

WORK ELEMENT 4: TTD TRANSIT SERVICE AND ASSET MANAGEMENT

TASKS 4.1 – Apply for and Manage Transit Grants 4.2 – Manage TTD Insurance Policy 4.3 – Manage TTD Assets and Procurement Process 4.4 – Liaison with Local and Regional Public and Private Transit Operators and

Transportation Management Associations 4.5 – Regional Transit Planning and Marketing Program 4.6 – North Shore Water Transit 4.7 – Transit System Administration

4.7.1 – Operational Decision 4.8 – Mobility Management 4.8.1 – Area 4 4.8.2 – Specialized Transit Services

WORK ELEMENT 5: CAPACITY DEVELOPMENT FOR PROJECTS AND TRANSIT SERVICE

TASKS 5.1 – State and Local Revenue Development for Transportation Program 5.2 – Legislative/ Association Coordination/ Development/ Outreach 5.3 – Planning and Resource Coordination/ Development (SCS, RPU) 5.4 – Tahoe Basin Corridor 5.4.1 – Trans-Sierra 5.4.2 – Ferry Oriented Development

ATTACHMENT B




WORK ELEMENT 001: TTD ADMINISTRATION AND OUTREACH PURPOSE To provide the District Board support and communication; development and management of the District work program and budget; District outreach and public awareness; Board administration and record keeping; and administrative coordination with Federal Highways, the Tahoe MPO (TMPO), the California Department of Transportation (Caltrans), the Nevada Department of Transportation (NDOT), and other transportation system partners. DISCUSSION Prior to each fiscal year, the TTD adopts a balanced annual operating budget which consists of anticipated revenues and expenditures related to the following: Administration, Capital Outlay, and Transit Operating Outlay. TTD budget estimates are based on prior year expenditures for recurring line items and anticipated level of effort based on professional judgment for new line items. Throughout the fiscal year, TTD staff monitors and administers the budget as necessary to ensure the line item costs are not exceeded and the fiscal solvency of the District is maintained. Should expenditures potentially exceed particular line items, TTD staff brings these matters before the Board for review and approval, after which the TTD budget is amended as approved. At the end of each fiscal year, TTD staff reconciles the TTD budget to evaluate adherence to the adopted budget and approved amendments, as well as for budget close-out, so carryover balances can be accounted for and reflected in the upcoming fiscal year budget. Additionally, this WE will directly support administrative tasks associated with the TTD Board activities, such as day-to-day communication with Board members, preparation of the monthly Board packets, including minutes, staff summaries, and recommendations; attendance at meetings to present staff recommendations; and follow-up actions as directed by the Board to foster coordination, consultation, and cooperation as part of the regional transportation planning and programming process. Other activities include staying cognizant of existing and pending local, state, and federal transportation issues, including laws, regulations, and legislation, which will be articulated to the Board as appropriate. Implementation at Lake Tahoe requires coordination and collaboration with representatives and constituents from business and private sector partners, the states of Nevada and California, the counties of El Dorado, Placer, Douglas, Washoe, Carson City, the incorporated City of South Lake Tahoe, and the United States Forest Service to achieve regional goals associated with mobility and the environment. As such, the TTD, with assistance from other appropriate partners, will develop project specific outreach strategies for planning studies and capital projects approved and endorsed by the TTD Board. Affected stakeholders will be proactively engaged through public announcements, public meetings, and print media. Additional emphasis will be placed on the continuing development of a TTD website where information can be disseminated on a broader scale, as well as where project specific information can be obtained. The website will also serve as a clearinghouse for TTD project-related documents. At the federal level, TTD staff will work directly with numerous offices of the Federal Highway Administration, the Federal Transit Administration, the US Forest Service, the Environmental Protection Agency, the US Postal Service and the US Department of Energy. At the state level, staff interacts with Caltrans, the California Transportation Commission, NDOT, and the Nevada State Transportation Board on transportation matters in planning, programming, design,

ATTACHMENT B




maintenance, and ITS, to name a few. TTD staff is involved with other agencies such as state parks departments, California Tahoe Conservancy, state lands departments, conservation districts, water agencies and others in an effort to coordinate projects and achieve regional environmental goals. Furthermore, the South Shore Transportation Management Association (SS/TMA), Truckee North Tahoe Transportation Management Association (TNT-TMA), North Lake Tahoe Resort Association (NLTRA), other Lake Tahoe partnerships, the League to Save Lake Tahoe are among the groups in which the TTD has partnership interests and which coordination is required. Lastly, this WE includes the coordination of activities and administrative obligations with the Tahoe MPO (TMPO).

Task 1.1 Board Relations, Policy Meetings, Community Relations

Task Description Schedule Priority Deliverables

• Board communications As needed Monthly Board packets

• Board packet development and public meetings

Monthly

• District community coordination, public outreach, and public relations

As needed

Task 1.2

Work Program and Budget Development and Management

Task Description Schedule Priority Deliverables • Develop annual TTD work program for

adoption by the TTD Board of Directors May 2016 Work Program

Budget Monthly budget

reports • Administer adopted work program Monthly

• Develop annual TTD operating budget for adoption by the TTD Board of Directors

May 2016

• Administer annually adopted TTD Budget Monthly

• FY15 TTD Budget reconciliation and close out

August 2015

Task 1.3

Report/Coordinate with TMPO and Federal Highways

Task Description Schedule Priority Deliverables • Communicate and coordinate with TMPO

on operations and planning Monthly Grant billings and

reports Annual meeting

• Report to CLFH and other federal agencies on program and operations

Quarterly or as needed

ATTACHMENT B




WE – 001 Estimated Funding

Source Amount CIP $ 122,454 General Fund 7,288 Total Funding $ 129,742

WE – 001 Estimated Staff Time Total Hours 2,434

ATTACHMENT B




WORK ELEMENT 002: PROGRAM MANAGEMENT FOR PROJECTS AND TRANSIT SERVICE SERVICES

PURPOSE This work element addresses the time necessary to provide administrative oversight and development of the District’s Capital Improvement and Transit Service programs. The strategic plan approach is to use an enterprise structure organized into three sub-program components. They are capital improvements, service improvements, and intelligence improvements. DISCUSSION The TTD is a bi-state regional transportation implementing agency. It uses a business enterprise approach in its operations. A traditional program management and project management process are to be used in the development and management of project activities. The District has established a series of services, processes, and tools to successfully implement a program of projects and transit services. In any given year, program management will be guided by a longer term vision and direction provided in a strategic plan. It will also be guided by a companion strategic plan long-term finance plan. Program management for the TTD is organized into three sub-components. They are capital improvements, service improvements, and intelligence improvements. The District will focus on qualitative results and cost effectiveness in its lead projects. The projects addressed are significant improvements identified in the Regional Transportation Plan (RTP) and the Basin’s Environmental Improvement Program (EIP). In order to improve project development, project delivery, and expedite project implementation, numerous public entities have developed and adopted a formalized Project Delivery Process (PDP) specific to their respective agencies process and project goals. Due to the various authorities and jurisdictions in the Tahoe Basin, a high level of coordination by a project proponent is essential to the success of the project. In an effort to involve all affected agencies and stakeholders as early as possible in the project, TTD has developed a PDP under WE 3 and each project developed follows this process. Service improvements differ from capital projects, addressing operating or support needs for both transit and capital projects. Among the types of services are transit, maintenance, marketing, public education and outreach to name a few. A public outreach campaign focused on the program of projects for transportation was initiated in FY 2010, and will be in its seventh year for FY 2016. Its intent is to foster public education and build public support for the RTP and the District’s capital projects. The campaign is informed and supported by work completed with the type of research described below. Good project and business decisions require timely information and analysis. This intelligence is critical to sound management of the overall program. The District will create and maintain a set of sensible, nimble, cost effective tools and processes that can be sustained over time. The types of tools include project management software, financial administration and budget management software for projects and program elements, geographic information system models, monitoring and evaluation data, public surveys and opinion tracking, evaluation of marketing effectiveness, and transit utilization data. Additional tasks under this WE include reviewing and approving invoices, as well as working directly with other funding agencies to improve efficiencies related to overall accounting and the issuance of funds for timely payment to vendors and contractors.

ATTACHMENT B




Task 2.1 Strategic Plan Development

Task Description Schedule Priority Deliverables • Adopt strategic plan and maintain June 2016 Strategic plan

Finance plan • Adopt finance plan and maintain June 2016

Task 2.2 Capital Improvement Program (CIP) Development and Management

Task Description Schedule Priority Deliverables • Ten-year CIP list developed and

maintained On-going CIP list

Continued implementation of CIP Mgmt Software

TIP software

• Consultation and coordination with partners

Monthly

• Software development and maintenance Monthly

Task 2.3 Service Improvement Program (SIP) Development and Management

Task Description Schedule Priority Deliverables • Consultation and coordination with

partners Monthly Project/Program

Campaign Website, on ground

project, media, materials

• Public Outreach/Program Campaign On-going

Task 2.4

Informed Decision Program (IDP) Development and Management

Task Description Schedule Priority Deliverables • Consultation and coordination with

partners Monthly Consultant activity

reports • Public Outreach/Program Campaign On-going

ATTACHMENT B




Task 2.5

Fiscal Administration and Controls, Risk Management, Record Keeping

Task Description Schedule Priority Deliverables • Build financial system and tools, review

and process TTD invoices from vendors/ contractors, perform financial controls and management

Monthly Audit Insurance

assessment and actions

Updated procedures Complete contract for

salary and benefits survey

Maintain finance software

• Provide and manage insurance and benefit services covering Board, staff, assets

Monthly

• Perform annual audit Sept. 2015

• Finalize TTD Purchasing Procedures August 2015

• Perform Salary and Benefits Survey August 2015

• Records management software October 2015




ATTACHMENT B




WORK ELEMENT 003: TTD PROJECT DEVELOPMENT AND IMPLEMENTATION PURPOSE To provide regional coordination and value-added project development support for identified regionally significant transportation projects provided through the TTD; to provide additional project implementation capacity for Lake Tahoe transportation projects; to provide dedicated project management resources to oversee the TTD project delivery program; to coordinate with TMPO planning and programming staff to ensure timely project delivery and use of funds. DISCUSSION Past clarification of legislation regarding the Federal Lands Highway program funding made available to the TMPO (half percent funding) allows for transportation planning and the development of transportation projects through the environmental document phase and permitting. Through the authority provided under Public Law 96-551, the TTD can develop and implement transportation improvements that are consistent with the Regional Transportation Plan. In utilizing the half percent funding, the TTD, through its District Manager, Project Manager and professional services consultant(s), will act as the lead agency for regionally significant transportation projects, programs and services. This implementation role adds capacity to transportation project delivery in the Lake Tahoe basin, and can assist with managing the implementation of large multi-county or multi-state projects based on its regional authority. Since embarking on this role, TTD and partners have successfully completed the following capital projects:

• California Shelter Project – Phases 1 and 2 • Nevada Shelter Project – Phases 1 and 2 • Nevada Stateline to Stateline Bikeway Project – Phases 1B and 1C • State Route 431/SR 28 Operational/Safety Improvement Project, also known as the

“Incline Gateway Project” The following project is scheduled for construction at the end of FY 15, with the project completed in the beginning of FY 16:

• Nevada Stateline to Stateline Bikeway Project – Phase 1D Other projects are anticipated to begin construction in FY 16:

• SR 89 Fanny Bridge Community Revitalization Project • Nevada Stateline to Stateline Bikeway Project - North Demo-Phase II • Meeks Bay Bike Trail • Rocky Point Parking

In order to achieve project consensus, improve project development, and expedite project implementation, numerous public entities have developed and adopted a formalized Project Delivery Process (PDP) specific to their respective agency’s role, process, and goals. Due to the various authorities and jurisdictions in the Tahoe Basin, a high level of coordination by a project proponent is essential to the success of the project, therefore it is essential that the TTD develop and implement a formal PDP. This PDP has relied on a portion of the capital funds to provide the resources to administer the projects funded with the half percent funding and manage the capital program. FY 16 includes the last of half percent funding allocations to be used for capital project development and program management. New capital project and

ATTACHMENT B




program management sources will need to be developed and/or secured to continue in future fiscal years. Below is an existing PDP developed and approved by the Lake Tahoe Basin Executives to expedite the implementation of Lake Tahoe Environmental Improvement Projects. This process is utilized by local (i.e., counties), state (i.e., Caltrans), and federal (i.e., USFS) EIP partners and serves as a foundation for the TTD PDP.

ATTACHMENT B




ATTACHMENT B




Task 3.1 US 50/South Shore Community Revitalization Project

Task Description Schedule Priority Deliverables • Perform Project Manager duties, such as

develop and maintain project schedule and budget, manage existing professional service agreements

On-going Special Studies Continue Public

Outreach campaign EIR/EIS 30% plans Public hearings and

comment period

• Attend and participate in Project Development Team (PDT) meetings

On-going

• Draft EIS/EIS/EIR Sept 2015 • Complete 30% preliminary engineering Sept 2015

• Initiate decision making process Nov 2015

Task 3.2

Lake Tahoe Ferry/Waterborne Project

Task Description Schedule Priority Deliverables • Perform Project Manager duties, as

above On-going Seek Administrative

Exemption Preliminary Plans Grant award Special Studies

• Develop preliminary design October 2015

• Secure funding to complete EIS/EIS/EIR March 2016

• Final field/technical studies June 2016

• Draft EIS/EIS/EIR October 2016

Task 3.3

Nevada Stateline to Stateline Bikeway Project


above On-going Develop Segment

Priority Plan • Attend and participate in PDT meetings On-going

Task 3.3.1

South Demo-Phase I

Task Description Schedule Priority Deliverables • Phase 1D construction Sept 2015 Complete

construction Complete monitoring

reports and implement necessary mitigation

• Phase 1D monitoring June 2016

ATTACHMENT B




Task 3.3.2

North Demo-Phase II

Task Description Schedule Priority Deliverables • Final plans and permits Sept 2015 Design for permit

Final plans and permits • Begin construction May 2016

Task 3.3.3

Central Corridor-Phase III

Task Description Schedule Priority Deliverables • Complete environmental assessment

document June 2016 Draft Environmental

Assessment

Task 3.4 SR 89 Realignment - Fanny Bridge Community Revitalization Project


above On-going Continue public

outreach Construction

Commence • Complete Reimbursable Agreement July 2015

• Secure last of construction funds Dec 2015

• Begin final design process July 2016

Task 3.8.7 Transit Shelter – Nevada Phase III – Washoe County Incline Replacement

Task Description Schedule Priority Deliverables • Project withdrawn

Task 3.9

Meeks Bay Bike Trail

Task Description Schedule Priority Deliverables • Final plans and permits August 2015 Final plans and

permits Grant award • Secure last of construction funding Dec 2015

• Start construction May 2016

ATTACHMENT B




Task 3.10 SR 28 Corridor Management Plan Project

Task Description Schedule Priority Deliverables • Continue implementation plan as identified

in Corridor Management Plan On-going Updates and PDT

participation

Task 3.11 Transit Capital Facility Plan

Task Description Schedule Priority Deliverables • Planning and feasibility study Dec 2015 Complete study

Task 3.12

Rocky Point/Hidden Beach Vista

Task Description Schedule Priority Deliverables • Preliminary engineering, environmental,

and final design Sept 2015 Final plans and

permits • Contract bid and award May 2016

Task 3.13

Forest Service Lot Expansion

Task Description Schedule Priority Deliverables • Preliminary engineering, environmental

and final design May 2016 Final plans and

permits

Task 3.14 US 50 Park & Ride Lot

Task Description Schedule Priority Deliverables • Preliminary engineering, environmental June 2016 EA complete


Source Amount CIP $ 2,513,118 Total Funding $ 2,513,118


ATTACHMENT B




WORK ELEMENT 004: TTD TRANSIT SERVICE AND ASSET MANAGEMENT PURPOSE To provide oversight and management of the TTD transit program, as well as TTD owned assets, in the interest of private and public entities which have a financial stake, as well as the citizens which they serve. Manage assets consistent with all applicable funding agreements, management agreements, Memorandums of Understanding, and operating agreements to ensure maximum benefit to the TTD and the public. Establish and monitor asset replacement program. DISCUSSION In an effort to achieve regional transportation goals, the TTD has implemented a wide range of transportation projects and transit services, ranging from owning and operating a public compressed natural gas fueling facility, to providing regional transit service, to the construction of transit passenger facilities. As such, the TTD has acquired various public and privately financed fixed assets which require operations, maintenance, and replacement in one form or another, as well as subject the TTD to liability. In addition, the District became the administrator and operator of the transit service at the south shore of Lake Tahoe in November of 2011. To ensure TTD sponsored projects and services are effectively implemented, TTD staff will provide continuous oversight of TTD operations and assets as part of this WE. TTD staff will establish and evaluate performance measures, milestones, and service levels related to the TTD transit program, as well as plan system improvements and expansion, where appropriate and where financially feasible and cost effective. Sustaining and expanding services will be accomplished by preparing and submitting operational and capital grant applications/requests and subsequent grant management. Additionally, to ensure success of existing and future transit services, regional marketing campaigns and related efforts will also take place under this WE, as will coordination with other local and regional providers and the North and South Shore Transportation Management Associations.

Task 4.1 Apply For and Manage Transit Grants

Task Description Schedule Priority Deliverables • Apply for operational and capital grants

through NDOT, Caltrans, Federal Transit Administration, and other funding opportunities

As necessary Grant compliance reports

• Submit grant requests for reimbursement and progress reports

Quarterly

• Track grant and match expenditures On-going

ATTACHMENT B




Task 4.2

Manage TTD Insurance Policy

Task Description Schedule Priority Deliverables • Maintain existing TTD insurance policy

to minimize liability to the District As necessary Premiums paid

Attend CalTIP Board meetings • Budget for and pay costs associated

with annual TTD insurance policy June 2016

Task 4.3

Manage TTD Assets and Procurement Process

Task Description Schedule Priority Deliverables • Establish and maintain TTD asset

inventory, tracking system, and replacement schedule

On-going Update inventory and follow up actions

Procure buses, parts, bus yard improvements

• Prepare and review Requests for Proposals, Request for Qualifications, Request for Bids consistent with established TTD Contracting and Purchasing Procedures

On-going

Task 4.4

Liaison with Local and Regional Public and Private Transit Operators and TMA’s

Task Description Schedule Priority Deliverables • Coordinate TTD services and regional

mobility efforts with Carson City, Douglas County, Washoe RTC, and Placer County TART

On-going Amend or develop cooperative agreements

Coordinate planning, outreach, messages • Prepare, attend, and participate in

monthly North and South Shore TMA meetings

Monthly

ATTACHMENT B




Task 4.5 Regional Transit Planning and Marketing Program

Task Description Schedule Priority Deliverables • Develop regional transit identity and

campaign with area providers June 2016 Outline strategy and

next steps Execute planning

grant tasks Develop Tahoe

regional brand and service sub-brands

• Plan inter-regional long term service and capital facility needs

June 2016

• Update materials and rider guides for accurate information

As necessary

• Conduct public outreach on transit As necessary

• Coordinate with local area planning efforts on transit and capital improvement proposals

As necessary

Task 4.6

North Shore Water Transit

Task Description Schedule Priority Deliverables • Due to lack of funding will not be in

service for summer of 2015 March 2016 Explore new funding

potentials

Task 4.7 Transit System Administration

Task Description Schedule Priority Deliverables • Renew Participation Agreements August 2015 Renewals

Contract 2015 seasonal

summer service Business plan for

future operations

• Develop new cost effective CNG system or move away from CNG use

January 2016

• Continue with fourth year of East Shore seasonal service

June 2016

• Implement revised West Shore seasonal trolley service to provide connection to west shore communities

June 2016

• Participation in CTA, APTA, CalACT On-going

• Develop transit services business plan for long term operations

Dec 2015

ATTACHMENT B




Task 4.8 Mobility Management

Task Description Schedule Priority Deliverables • Develop and implement specialized

transportation services for older adults and individuals with disabilities On-going

Connect community groups and transportation partners

Provide community outreach and training

Improve effectiveness, efficiency and quality of travel services

• Implement updated ADA Demand Response Policies and Procedures through outreach and training On-going

• Continue Regional Coordinating Council facilitation and participation with Social Services Transportation Advisory Council On-going

• Continue coordination with health and social service groups On-going

• Assist in recruiting volunteer drivers for existing volunteer driver programs On-going

• Participation and training through National Transit Institute, National Center for Mobility Management, and Easter Seals Project Action On-going


Source Amount Transit Operations $ 6,455,301 CIP 30,000 General Fund 35,482 Total Funding $ 6,520,783


ATTACHMENT B




WORK ELEMENT 005: CAPACITY DEVELOPMENT FOR PROJECTS & TRANSIT SERVICE

PURPOSE To work with the public, private sector, local, state, regional, and federal partners to obtain funding for capital project and transit services through new funding authorities and sources, as well as ensure that regional planning efforts benefit from TTD experience. DISCUSSION Financial resource shortages are a persistent problem for capital projects and transit services. Significant effort is needed to create and implement unified regional support for successful local, state, and federal initiatives. Nonetheless, significant opportunities exist to enhance the District’s and Region’s efforts, including working at the state legislative level in both states and developing steps for local efforts. Equally critical to the District’s long-term success are good, informed regional planning decisions. Significant long-term planning efforts are underway and it is in the District’s interest to be involved in the development of implementation policies and directions. With the successful stabilization of the south shore transit system; the north shore interest in expanding transit service to the Resort Triangle of North Lake, Truckee, and Squaw Valley; the successful introduction of the East Shore Express; and the cross-lake passenger ferry service in the environmental document preparation phase, the time has come for the District to undertake long-term implementation planning. The District has established a model with the State Route 28 National Scenic Byway Corridor Management Plan. The corridor approach to implementation planning will ensure that integrated transit service and project needs are identified and the opportunity is prepared to line up needed resources and agreements to accomplish them.

Task 5.1 State and Local Revenue Development for Transportation Program

Task Description Schedule Priority Deliverables • Secure new capital project development

and program management fund sources March 2016 Action Plan

• Local Self Help Program development August 2015

ATTACHMENT B




Task 5.2 Legislative/ Association Coordination/ Development/ Outreach

Task Description Schedule Priority Deliverables • California legislative program Monthly Formula change

Project funding Population

designation Project funding Collaboration

agreements

• Nevada legislative program Monthly

• Outreach and education Monthly

• CalCOG participation On-going

• Federal Transportation Bill Reauthorization

On-going

Task 5.3

Planning and Resource Coordination/ Development

Task Description Schedule Priority Deliverables • Coordinate with transportation and

regional land use planning initiatives Monthly Attend state/national

coordination or association meetings • Enhancement plans On-going

Task 5.4

Tahoe Basin Corridor

Task Description Schedule Priority Deliverables • Complete corridor plans, including Ferry

Oriented Development June 2016 PDT workshops Corridor plans RTP draft

participation Inter-regional transit

plan Short and long-range

transit plans for Tahoe

• Complete inter-regional (Trans Sierra) transit plan June 2016

• Complete short and long-range transit plans

June 2016



WE – 005 Estimated Staff Time Total Hours .......................................................... 2,658

ATTACHMENT B


JS/jw AGENDA ITEM: VIII.B.

MEMORANDUM

Date: June 8, 2015 To: Tahoe Transportation District (TTD) Board of Directors From: TTD Staff Subject: Approval of Purchase Orders for Fiscal Year 2016’s Annual Budgeted Expenses

for General Fund and Transit Operations Goods and Services Support, including 2015 East Shore Express

Action Requested: It is requested the Board approve $3,714,652 in purchase order capacity to procure necessary goods and services for the District’s general fund and transit operations for Fiscal Year 2016 (FY16), including 2015 East Shore Express (ESE). Fiscal Analysis: All expenditures associated with this request are accounted for in the FY16 budget. The ESE operations will be funded through farebox revenue, NDOT 5311 operating funds, Lake Tahoe License Plate funding, and State Parks funding. Work Program Analysis: All work associated with this effort will be captured under respective elements of the existing and proposed Work Programs and corresponding allotted staff time. Background: The TTD Board approved the FY16 Budget at the May Board Meeting. This annual purchase order request represents various monthly on-going goods and services included in the budget for FY16 that are considered routine and ordinary, such as auditing services, software support, contracted transit operations, etc. Please note that Staff is requesting only three months of fuel purchases as staff plans to request to release a Request for Proposals for fleet transit fueling next month. Additional purchase order approvals will be requested throughout the year for those goods and services as necessary. At the March 2015 meeting, the Board approved an amended ESE schedule which was to begin on June 6, 2015. Although work progressed with the set-up of the 2015 ESE, with the changes in staffing, the task order and purchase orders were not brought to the Board for approval prior to initiating the work. Discussion: Staff is requesting $3,714,652 in purchase order capacity, $90,710 for General Fund and $3,623,942 for Transit Operations, to address the initial needs and recommends approval. An itemized list of the purchase orders requested is included as Attachment A.


JS/jw AGENDA ITEM: VIII.B.

Additional Information: If you have any questions or comments regarding this item, please contact Joanie Schmitt at (775) 589-5507 or [email protected]. Attachment:

A. Purchase Order Request Detail


Account Description Vendor Amount

Accounting Services FY 15 Audit Fees Davis Farr LLP 31,710$

Professional ServicesAnnual Grant Management Software Subscription Fees / Support Keenology 10,000

Professional ServicesAnnual Accounting Software Support / Upgrades SCS 29,000

No. Shore Transit Mgmt Annual Support TNT/TMA 20,00090,710$

ContractsTransit Operator - includes S. Shore, SLT-Spec. Transit Svcs, ESE Diversified Transportation LLC 3,116,840$

* Fuel Fuel - Non CNG Flyers (July - Sept) 166,500$ Insurance Gen Liab & Vehicle Damage CalTip 250,800$ Advertising ESE Summer Campaign Smith & Jones 11,500$ Professional Services ESE Parking Lot Attendants MJT Enterprises (Blue Ribbon) 15,000$ Professional Services Transit Operator Yellow Taxi Cab 25,000$ Fuel / Contractor/ Prof Svcs Area 4 Town of Truckee 38,302$

3,623,942$

Total Purchase Order Requests 3,714,652$

General Fund

Total General Fund

Transit Fund

Total Transit Fund

Tahoe Transportation DistrictFY 16 Purchase Order Request Detail

ATTACHMENT A

JS/jw AGENDA ITEM: VIII.B.TTD/C Board Meeting Packet - June 12, 2015 -Page 80-

CH/jw AGENDA ITEM: VIII.C.

MEMORANDUM

Date: June 8, 2015 To: Tahoe Transportation District (TTD) Board of Directors From: TTD Staff Subject: Approval of Blanket Contract Amendments, Task Orders, and Purchase Orders

for Board Authorized Capital Improvement Projects and Related Programs Action Requested: It is requested the Board approve the following contract amendments, task orders, and purchase orders related to the District’s work program:

CONTRACTS

Firm Work Element

Type of Agreement Phase Description Cost

KME, Inc. Varies Contract Amendment Varies

Amend the existing blanket contract by increasing the not-to-exceed amount by $24,000, providing capacity for the proposed Task Order below.

$24,000

Exploration Services

Incorporated (ESI)

Varies Contract Amendment Varies


$100,000

Smith & Jones (S&J) Varies Contract

Amendment Varies


$80,000

WBH NV ENT LLC Varies Contract

Amendment Varies


$115,200

Ascent Environmental Varies Contract

Amendment Varies

Amend the existing blanket contract by increasing the not-to-exceed amount by $400,000, providing capacity for the proposed Task Order proposed below.

$400,000

Smith, Watts & Martinez, LLC 5.1.1 Contract

Amendment Outreach

Amend the existing contract by increasing the not-to-exceed amount by $45,000, providing capacity to continue California state funding advocacy/ legislative outreach at $5,000 per month for nine months from October 2015 to June 2016.

$45,000

Federal Highway Administration Varies Contract Varies

New blanket contract providing a not-to-exceed amount of $900,000 providing capacity for the proposed Task Orders below

$900,000



TASK ORDERS

Firm Work Element

Type of Agreement Phase Work to be Performed/Deliverable Cost

KME, Inc 3.3.2 Task Order

Planning/ Project

Management Support

Provide planning and project management support for the NV Bikeway Phase II North Demo, including coordination with multiple agencies, Task Order covers FY16.

$24,000

Lumos & Associates 3.3.3 Task Order Environmental

Analysis

Provide special studies for draft Environmental Review Analysis for the NV Bikeway Phase III Central Corridor Project

$100,000

ESI 3.1, 3.4 Task Order Public

Outreach Support

Provide Public Outreach support and on the ground Public Outreach Specialists for US 50/South Shore Community Revitalization Project and SR89 Fanny Bridge Community Revitalization Project

$100,000

Smith & Jones 3.1, 3.4 Task Order Public

Outreach Support

Provide Public Outreach support for US 50/South Shore Community Revitalization Project and SR89 Fanny Bridge Community Revitalization Project

$80,000

WBH NV ENT LLC 5.1.1 Task Order

Nevada State Legislative

Support

Provide government affairs support for CIP Projects, provide assistance with TTD’s funding strategy at the state and local levels including unified investment plan and local funding initiatives for FY16

$57,600

Ascent Environmental 3.3.3 Task Order Environmental

Analysis

Prepare and draft Environmental Review Analysis for the NV Bikeway Phase III Central Corridor Project

$400,000

Federal Highway

Administration 3.4 Task Order Final Design &

Permitting

Complete final design and permitting of SR 89 Fanny Bridge Community Revitalization Project

$190,000

Federal Highway

Administration 3.3.2 Task Order Final Design &

Permitting Complete final design and permitting of NV Bikeway Phase II North Demo $220,000

Purchase Orders

Firm Work Element

Type of Agreement Phase Work to be Performed/Deliverable Cost

Smith, Watts & Martinez, LLC 5.1.1 Purchase

Order

California State

Legislative Support

Provide California state funding advocacy and legislative outreach for TTD’s CIP projects at the state and local levels.

$15,000

Keenology 2.2 Purchase Order

Software Support

Provide software support FY 16 for CIPAce and Grant Management software.

$27,500



Fiscal Analysis: All expenditures associated with this item are accounted for in the approved 2015/16 budget.

Program Description Total Grantor Grant

Amount Match Match

Amount

CIP

KME, Inc. Task Order for SR 28 Corridor Project Management Support $24,000 Q1-NVBIKE $24,000 N/A N/A

CIP Lumos & Associates Task Order for WE 3.3.3 $100,000 Q1-NVBIKE $100,000 N/A N/A

CIP ESI Task Order for CIP Public Outreach $100,000

PLHD FLH ½%

AQ $100,000 N/A N/A

CIP Smith & Jones Task Order for CIP Public Outreach $80,000

PLHD FLH ½%

AQ $80,000 N/A N/A

CIP

WBH NV ENT LLC Task Order for NV Legislative and Trans Sierra Transportation Coalition Support $57,600 FLH ½% $57,600 N/A N/A

CIP Ascent Environmental Task Order for WE 3.3.3 $400,000

IVGID, FLH ½% $400,000 N/A N/A

CIP Smith, Watts & Martinez, LLC purchase order for WE 5.1.1 $15,000 FLH ½% $15,000 N/A N/A

CIP Keenology purchase order for WE 2.2 $27,500 FLH ½% $27,500 N/A N/A

CIP Federal Highway Administration for WE 3.4 $190,000

Placer County $190,000 N/A N/A

CIP Federal Highway Administration for WE 3.3.2 $220,000

Q1 Washoe County $220,000 N/A N/A

Work Program Analysis: All work associated with this effort is captured under respective elements of the approved FY 2016 Work Program and corresponding allotted staff time. Background and Discussion: Nevada Bikeway Phase II, North Demo (WE 3.3.2) Background: Karen Mullen, consultant with KME, Inc. has been under contract with the TTD since 2011 to assist Staff with development of the Nevada Stateline to Stateline Bikeway (NV Bikeway) Projects and SR 28 Corridor Management Plan (SR28 CMP). Karen has been involved with the NV Bikeway for a number of years and continues to be instrumental in agency and public relations for the project, communication coordination, and funding. In January 2014, the TTD, along with the Nevada Department of Transportation (NDOT), Central Federal Lands Highway Division (CFLHD), Federal Highways Administration, USFS, Washoe County, Carson City, Douglas County, and the Tahoe Regional Planning Agency,



entered into an agreement with the Federal Lands Access Program (FLAP) to identify and assign responsibilities for the environmental analysis, design, right-of-way, utilities, acquisition and construction as appropriate for this programed project and to ensure maintenance of the facilities for public use after any improvements are made. When FLAP funds are used for the development or construction of the project, NDOT and TTD collectively agree to provide the required local match. TTD will provide matching funds for the development of final construction plans, specifications, and cost estimates, and environmental approvals and permits for the portion of the project. Discussion: The North Demonstration Project includes the construction of three miles of new shared use path from Ponderosa Ranch Road to Sand Harbor, including retaining walls and bridges. The project includes expanded public parking near Ponderosa Road to alleviate congestion on SR28 and Lakeshore Blvd. and to provide access to the existing recreation trails, including the Tahoe Rim Trail and historic Flume Trail. The parking will serve as trailhead parking for the proposed Nevada Stateline to Stateline Bikeway. The project also includes relocation of shoulder parking through the expansion of no parking zones, including signage and physical barriers in select areas to prohibit parking where drivers pull into the non-paved areas. The total PE Costs are estimated at $1,705,000. $1,135,000 will come from NV FLAP Funds in FY 15 and the remaining $570,000 will come from local matching and tapered contributing funds. CFLHD will invoice TTD on a monthly basis for costs of PE incurred, in a total amount not to exceed $220,000. Staff recommends approval of the contract amendment and task order for KME Inc. for the period July 1, 2015 through June 30, 2016 to retain Karen for her continued assistance on these projects, and recommends approval of the first of several task orders for CFLHD. Nevada Bikeway Phase III, Central Corridor (WE 3.3.3) Background: At the October 10, 2014 TTD Board meeting, Staff presented the results of a fatal flaw analysis for the Project, prepared by Lumos and Associates (Lumos) for TTD and IVGID, which showed that co-location of the Phase 3 Bikeway Project and IVGID’s sewer effluent export line is feasible. Lumos has completed the 30% design and the Board approved execution of an agreement with TTD and the United States Forest Service to complete the Environmental Analysis for the Project. Discussion: FLAP funds were not programmed for the central corridor or eight mile stretch from Sand Harbor to Spooner Summit, so TTD is developing the environmental document for that segment, which involves Lumos and Ascent Environmental (Ascent) as contract resources for design and environmental. Staff recommends approval of the contract amendment and task orders for Lumos and Ascent.



SR 89 Fanny Bridge Community Revitalization Project (WE 3.4) Background: In January 2014, the TTD, along with Placer County, Tahoe City Public Utility District, California Department of Transportation, CFLHD, Federal Highways Administration – California Division, and United States Forest Service (USFS), entered into an agreement with FLAP to identify and assign responsibilities for the environmental analysis, design, right-of-way, utilities, acquisition and construction as appropriate for this programed project and to ensure maintenance of the facilities for public use after any improvements are made. When FLAP funds are used for the development or construction of this project, Placer County and TTD agree to provide a combined matching share to CFLHD equal to 21.5% of the total cost of the project. TTD will provide matching funds for the development of final construction plans, specifications, and cost estimates, and environmental approvals and permits for the portion of the project. Discussion: The SR 89 Fanny Bridge Community Revitalization Project involves construction of a replacement Truckee River crossing bridge and realignment of the approach roads to accommodate the bridge location. The project also includes three miles of bike trail and rehabilitation of the existing river crossing for bike and pedestrian use. The total cost for this element of the project is $840,000. $650,000 will come from FLAP Funds in FY 15 and the remaining $190,000 will come from local matching and contributing funds allocated by Placer County. TTD Funding and Outreach, for Capital Improvement Program (WE 2.4, 5.1) Background: The District’s public outreach and education program has three primary elements capital and transit program, specific capital projects, and government affairs. These levels of communication, outreach, and education have been important support elements of delivering the District’s program of work, as well as developing support for Lake Tahoe’s transportation vision. Discussion: As TTD is currently funded through various grants and does not have a dedicated annual funding source, Staff is proposing to continue using the services of ESI and S&J to assist Staff with the public outreach program. Until a more dedicated funding source is available, the use of consultants is more efficient and cost effective for TTD. ESI and S&J provide a variety of services for TTD, including:

• Website management • A variety of media management, including:

o daily tasks of tracking and updating social media o press release development o supplying community outreach specialists at both the north and south shores,

and o development of print materials for projects

• Assisting Staff with meeting facilitation • Managing the public perception of projects • On the ground public communication for projects, and • Providing assistance for TTD’s funding strategy



Unless other funding sources are found, the primary focus of outreach work for ESI and S&J will be project related for the SR89/Fanny Bridge Community Revitalization Project, including the Meeks Bike Path; and the US 50 South Shore Community Revitalization Project. Mr. Watts will work to address the District’s and Lake’s transportation needs in Sacramento, and Mr. Harris will focus on the Nevada side at the state and local level for program and project funding. Staff is proposing to continue working with ESI, S&J, Smith Watts & Martinez, and WBH to continue moving the public outreach/funding strategy forward. Staff recommends approval of the contract amendments and task orders identified in the tables above for ESI, S&J, Smith, Watts & Martinez and WBH for the upcoming FY16. TTD CIPAce and Grants Management Software (WE 2.2) Background: Four years ago, the District contracted with Keenology Corporation (CIP Planner) to implement their CIPAce Capital Improvement Program (CIP) management software. Since that date, Staff has integrated the software into daily operations and now manages all projects and project-related professional service contracts, task orders, purchase orders, and budget forecasting through the CIPAce program. The CIPAce program is linked to the District’s financial software, Microsoft Dynamics NAV, providing real time information for project budgets and expenditures. Two years ago, the District added a module to implement the Grants Management Software. Since that date, Staff has integrated the software into daily operations and now manages all grants through the grants management software. Discussion: In order to maintain the effectiveness of CIPAce and grant management, Staff recommends continuing working with Keenology Corp. (dba CIP Planner), developer of TTD’s CIP software, with software updates and support for the grant management software and CIPAce software throughout FY16. Staff recommends approval of the purchase order identified in the tables above for Keenology for the upcoming FY16. Additional Information: If you have any questions or comments regarding this item, please contact Carl Hasty at (775) 589-5500 or [email protected].



AS/jw AGENDA ITEM: VIII.D.

MEMORANDUM

Date: June 8, 2015 To: Tahoe Transportation District (TTD) Board of Directors From: TTD Staff Subject: Approval of Employee Retirement Plan Documents and Investment Policy Statements;

Approval of Resolution 2015-008 Delegating Administration of the Retirement Plan to the District Manager; Approval of Amendments to TTD Human Resources Policies and Procedures

Action Requested: Staff requests that the Board take the following action:

1. Approve the District’s employee retirement plan documents (Attachment A) and investment policy statements (Attachment B).

2. Approve Resolution 2015-008 delegating day-to-day administration of the retirement plan to the District Manager (Attachment C).

3. Approve amendments to the TTD Human Resources Policies and Procedures to reflect the new retirement plan.

Fiscal Analysis: The District will pay $4,500 to Raymond James to serve as Investment Advisor to the District in connection with its plan decisions and to provide education to employees regarding investment options. Those fees will decline in future years. The District will pay $1,319 to Traveler’s Insurance for Fiduciary Liability insurance coverage in connection with the plan. Mass Mutual provides platform and administrative services and its fees are paid directly from employee accounts, along with fees to Reliance Trust Company for trustee services. The Benefits Advantage serves as the Third Party Administrator for the plan and its fees are paid by Mass Mutual. The employer contributions to employee accounts are included in FY 15’s budget under personnel costs. Annual fees and expenses are recorded in the General fund and allocated to the grants as part of Admin Support. Background: Prior to 2009, the District was staffed by employees of TRPA. In 2009, the District hired its first employee. At that time, District payroll was handled by TRPA, District employees received the same benefits as TRPA employees and followed TRPA’s personnel policies. In 2012, the District began administering its own payroll services, which included direct employee and employer contributions to the retirement plan. However, the District was not directly involved in any management decisions regarding the plan or plan choices. The plan was considerably less than what is offered by either state’s PERS (both of which have combined contribution rates closer to 27% annually). In May 2014, the Board authorized the District to increase the employer contributions to the plan from 8% of an employee’s salary to 12% of an employee’s salary, effective July 1, 2014. Employees have continually been encouraged to match the contribution. In August 2014, the Board approved the establishment of a standalone retirement plan for District employees, that would accommodate the employer contribution



increase and give the District greater control over benefit decisions, while continuing to develop as a fully formed entity separate from TRPA per annual auditor recommendations. Discussion: The District has contracted with Joe Ciaramitaro of Raymond James to serve as Investment Advisor to the District in connection with plan decisions regarding investments and investment options, and to provide education service to employees regarding individual investment options under the plan. Mr. Ciaramitaro is the managing director and senior vice president with Raymond James. He is a certified financial planner with emphasis in retirement plans. He has worked with Raymond James for 12 years and in the industry for 28 years. Mr. Ciaramitaro is a fiduciary of the District in connection with plan decisions regarding investments and investment options, and a fiduciary to District employees in connection with education and individual investment advice. The District has contracted with Mass Mutual to provide the investment platform for the plan, along with recordkeeping and administrative services. Mass Mutual has experience with government entities and this type of plan. It manages approximately $1.5 billion in assets in Nevada. The platform provides excellent investment choices, including index fund options, and it has a competitive fee structure for small plans. It offers excellent technology services and customer service, including payroll assistance. The District contracted with Reliance Trust Company for related trustee services and its fees are paid by Mass Mutual. The District has purchased a Fiduciary Liability coverage insurance policy from Travelers in connection with the retirement plan. The District has errors and omissions coverage for staff and board members under the insurance coverage it has as a member of the California Transit Indemnity Pool (CalTIP). However, the CalTIP coverage expressly excludes coverage for errors and omissions in connection with retirement plans. The District’s Fiduciary Liability coverage from Travelers will provide coverage for staff and board members acting in connection with the retirement plan. At the advice and direction of Mr. Ciaramitaro, the District contracted with The Benefits Advantage to serve as its Third Party Administrator and draft the plan documents (Attachment A). TTD, like many governmental entities, does not participate in the Social Security system. Under the plan documents, an “8% employer contribution” is deposited into an employer controlled 401(a) account as the Social Security replacement component of the plan, which will then be invested in a conservative growth fund at the advice and recommendation of Mr. Ciaramitaro as the District’s Investment Advisor. Another “4% employer contribution” is deposited into an employee controlled 401(a) account and invested at the discretion of the employee. Employees have the option, and are encouraged, to make voluntary contributions into a traditional 457(b) account or a ROTH 457(b) account up to annual contributions limits determined by the IRS ($18,000 in 2015). Mr. Ciaramitaro educates employees about investment strategy and investment choices under the plan. The Benefits Advantage is required to notify the District if changes to the Internal Revenue Code require any amendments to the plan documents in the future. Mr. Ciaramitaro has assisted the District in drafting and designing Investment Policy Statements for the plan (Attachment B). The Investment Policy Statements will guide action and decision-making in connection with the plan. Upon the advice of Mr. Ciaramitaro, the District Manager and Legal Counsel will act as a committee responsible for making decisions regarding the investment of the employer controlled accounts and for reviewing investment options under the plan and adding and replacing investment options as necessary. Mr. Ciaramitaro will provide regular statements and reports regarding the performance of the investment options, which will document the reasonableness of the committee’s efforts and facilitate prudent decision-making by the committee. The committee will report



to the TTD Board of Directors at least annually regarding the status of the plan and committee decisions regarding investment options. In order to facilitate administration of the retirement plan, Staff recommends that the Board adopt a resolution delegating all day-to-day administration of the plan to the District Manager, with the exception of decisions regarding creation or dissolution of the plan, amendments to plan documents, eligibility for participation and contribution amounts (Attachment C). Finally, the current TTD Human Resources Policies and Procedures manual references the TRPA retirement plan and will need to be amended to reflect the new TTD retirement plan. Additional Information: If you have any questions or comments regarding this item, please contact Carl Hasty at [email protected] or (775) 589-5500. Attachments:

A. Retirement Plan Documents B. Investment Policy Statements C. Resolution 2015-008


TAHOE TRANSPORTATION DISTRICT 401(A) PLAN

ATTACHMENT A

AS/jw AGENDA ITEM: VIII.D.TTD/C Board Meeting Packet - June 12, 2015 -Page 90-

TABLE OF CONTENTS

ARTICLE I DEFINITIONS

ARTICLE II ADMINISTRATION

2.1 POWERS AND RESPONSIBILITIES OF THE EMPLOYER ................................................................................................ 7

2.2 DESIGNATION OF ADMINISTRATIVE AUTHORITY .......................................................................................................... 7

2.3 ALLOCATION AND DELEGATION OF RESPONSIBILITIES .............................................................................................. 7

2.4 POWERS AND DUTIES OF THE ADMINISTRATOR .......................................................................................................... 7

2.5 RECORDS AND REPORTS ................................................................................................................................................ 8

2.6 APPOINTMENT OF ADVISERS .......................................................................................................................................... 8

2.7 INFORMATION FROM EMPLOYER ................................................................................................................................... 8

2.8 PAYMENT OF EXPENSES ................................................................................................................................................. 8

2.9 MAJORITY ACTIONS .......................................................................................................................................................... 9

ARTICLE III ELIGIBILITY

3.1 CONDITIONS OF ELIGIBILITY ........................................................................................................................................... 9

3.2 EFFECTIVE DATE OF PARTICIPATION ............................................................................................................................ 9

3.3 DETERMINATION OF ELIGIBILITY .................................................................................................................................... 9

3.4 CESSATION OF ELIGIBILITY ............................................................................................................................................. 9

3.5 REHIRED EMPLOYEES AND BREAKS IN SERVICE ......................................................................................................... 9

3.6 ELECTION NOT TO PARTICIPATE .................................................................................................................................... 10

3.7 OMISSION OF ELIGIBLE EMPLOYEE; INCLUSION OF INELIGIBLE EMPLOYEE ........................................................... 10

ARTICLE IV CONTRIBUTION AND ALLOCATION

4.1 FORMULA FOR DETERMINING EMPLOYER CONTRIBUTION ........................................................................................ 10

4.2 TIME OF PAYMENT OF EMPLOYER CONTRIBUTION ..................................................................................................... 10

4.3 ALLOCATIONS ................................................................................................................................................................... 10

4.4 MAXIMUM ANNUAL ADDITIONS ....................................................................................................................................... 12

4.5 PLAN-TO-PLAN TRANSFERS (OTHER THAN ROLLOVERS) FROM DEFINED CONTRIBUTION QUALIFIED PLANS ............................................................................................................................................................. 13

4.6 PARTICIPANT DIRECTED INVESTMENTS........................................................................................................................ 14

ARTICLE V VALUATIONS

5.1 VALUATION OF THE TRUST FUND ................................................................................................................................... 15

5.2 METHOD OF VALUATION .................................................................................................................................................. 15

ARTICLE VI DETERMINATION AND DISTRIBUTION OF BENEFITS

6.1 DETERMINATION OF BENEFITS UPON RETIREMENT ................................................................................................... 15

6.2 DETERMINATION OF BENEFITS UPON DEATH............................................................................................................... 15

6.3 DISABILITY RETIREMENT BENEFITS ............................................................................................................................... 16

6.4 DETERMINATION OF BENEFITS UPON TERMINATION .................................................................................................. 16

6.5 DISTRIBUTION OF BENEFITS ........................................................................................................................................... 17

6.6 DISTRIBUTION OF BENEFITS UPON DEATH ................................................................................................................... 17

6.7 LATEST TIME OF DISTRIBUTION...................................................................................................................................... 17

ATTACHMENT A


6.8 REQUIRED MINIMUM DISTRIBUTIONS ............................................................................................................................ 17

6.9 DISTRIBUTION FOR MINOR OR INCOMPETENT INDIVIDUAL ........................................................................................... 19

6.10 LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN ......................................................................................... 20

6.11 IN-SERVICE DISTRIBUTION OF EMPLOYER CONTRIBUTIONS ..................................................................................... 20

6.12 QUALIFIED DOMESTIC RELATIONS ORDER DISTRIBUTION ......................................................................................... 20

6.13 DIRECT ROLLOVER ........................................................................................................................................................... 20

6.14 RESTRICTIONS ON DISTRIBUTIONS OF ASSETS TRANSFERRED FROM A MONEY PURCHASE PLAN ................... 21

6.15 CORRECTIVE DISTRIBUTIONS ......................................................................................................................................... 21

ARTICLE VII AMENDMENT, TERMINATION AND MERGERS

7.1 AMENDMENT ..................................................................................................................................................................... 21

7.2 TERMINATION .................................................................................................................................................................... 22

7.3 MERGER, CONSOLIDATION OR TRANSFER OF ASSETS .............................................................................................. 22

ARTICLE VIII MISCELLANEOUS

8.1 PARTICIPANT'S RIGHTS ................................................................................................................................................... 22

8.2 ALIENATION OF BENEFITS ............................................................................................................................................... 22

8.3 PLAN COMMUNICATIONS, INTERPRETATION AND CONSTRUCTION .......................................................................... 23

8.4 LEGAL ACTION .................................................................................................................................................................. 24

8.5 PROHIBITION AGAINST DIVERSION OF FUNDS ............................................................................................................. 24

8.6 EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE .................................................................................................. 24

8.7 INSURER'S PROTECTIVE CLAUSE .................................................................................................................................. 24

8.8 RECEIPT AND RELEASE FOR PAYMENTS ...................................................................................................................... 24

8.9 ACTION BY THE EMPLOYER ............................................................................................................................................ 24

8.10 APPROVAL BY INTERNAL REVENUE SERVICE .............................................................................................................. 24

8.11 ELECTRONIC MEDIA ......................................................................................................................................................... 24

8.12 PLAN CORRECTION .......................................................................................................................................................... 24

ARTICLE IX PARTICIPATING EMPLOYERS

9.1 ADOPTION BY OTHER EMPLOYERS ................................................................................................................................ 25

9.2 REQUIREMENTS OF PARTICIPATING EMPLOYERS ....................................................................................................... 25

9.3 DESIGNATION OF AGENT ................................................................................................................................................. 25

9.4 EMPLOYEE TRANSFERS .................................................................................................................................................. 25

9.5 PARTICIPATING EMPLOYER CONTRIBUTION AND FORFEITURES .............................................................................. 25

9.6 AMENDMENT ..................................................................................................................................................................... 25

9.7 DISCONTINUANCE OF PARTICIPATION .......................................................................................................................... 25

9.8 ADMINISTRATOR'S AUTHORITY ...................................................................................................................................... 26

ARTICLE X MULTIPLE EMPLOYER PROVISIONS

10.1 ELECTION AND OVERRIDING EFFECT ............................................................................................................................ 26

10.2 PROVISIONS APPLIED SEPARATELY (OR JOINTLY) FOR PARTICIPATING NON-AFFILIATED EMPLOYERS ...................................................................................................................................................................... 26

10.3 HIGHLY COMPENSATED EMPLOYEE STATUS ............................................................................................................... 26

10.4 SERVICE ............................................................................................................................................................................. 26

10.5 REQUIRED MINIMUM DISTRIBUTIONS ............................................................................................................................ 26

10.6 COOPERATION AND INDEMNIFICATION ......................................................................................................................... 26

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10.7 INVOLUNTARY TERMINATION .......................................................................................................................................... 27

10.8 VOLUNTARY TERMINATION ............................................................................................................................................. 27

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TAHOE TRANSPORTATION DISTRICT 401(A) PLAN

THIS AGREEMENT, hereby made and entered into on the date specified on the signature page by and between Tahoe Transportation District (herein referred to as the "Employer") and Reliance Trust Company (herein referred to as the "Trustee").

W I T N E S S E T H:

WHEREAS, the Employer desires to recognize the contribution made to its successful operation by its Employees and to reward such contribution by means of a Retirement Plan for those Employees who qualify as Participants hereunder;

NOW, THEREFORE, effective July 1, 2014, (hereinafter called the "Effective Date"), the Employer hereby establishes a Retirement Plan and creates this Trust (which plan and trust are hereinafter called the "Plan") for the exclusive benefit of the Participants and their Beneficiaries, and the Trustee hereby accepts the Plan on the following terms:

ARTICLE I DEFINITIONS

1.1 "Account" means any separate notational account established and maintained by the Administrator for each Participant under the Plan. The term "Participant's Account" or "Participant's Account Balance" generally means the sum of all Accounts being maintained for the Participant, which represents the Participant's total interest in the Plan. Section 6.8 contains a definition of "Participant's Account Balance" for purposes of that Section. To the extent applicable, a Participant may have any (or all) of the following notational Accounts:

(a) the Nonelective Contribution Account

(b) the Social Security Replacement Account

(c) the Transfer Account 1.2 "Administrator" means the Employer unless another person or entity has been designated by the Employer pursuant to Section 2.2 to administer the Plan on behalf of the Employer. 1.3 "Affiliated Employer" means any corporation which is a member of a controlled group of corporations (as defined in Code §414(b)) which includes the Employer; any trade or business (whether or not incorporated) which is under common control (as defined in Code §414(c)) with the Employer; any organization (whether or not incorporated) which is a member of an affiliated service group (as defined in Code §414(m)) which includes the Employer; and any other entity required to be aggregated with the Employer pursuant to Regulations under Code §414(o). 1.4 "Alternate Payee" means an alternate payee pursuant to a eligible domestic relations order that meets the requirements of applicable law. 1.5 "Anniversary Date" means the last day of the Plan Year. 1.6 "Annual Additions" means, for purposes of applying the limitations of Code §415, the sum credited to a Participant's Accounts for any Limitation Year of (1) Employer contributions, (2) Employee after-tax contributions, (3) Forfeitures, (4) amounts allocated to an individual medical account, as defined in Code §415(l)(2) which is part of a pension or annuity plan maintained by the Employer, (5) amounts derived from contributions paid or accrued which are attributable to post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code §419A(d)(3)) under a welfare benefit plan (as defined in Code §419(e)) maintained by the Employer and (6) allocations under a simplified employee pension plan.

Annual Additions shall not include restorative payments. A restorative payment is a payment made to restore losses to a Plan resulting from actions by a fiduciary for which there is reasonable risk of liability for breach of a fiduciary duty under applicable federal or state law, where Participants who are similarly situated are treated similarly with respect to the payments. Generally, payments are restorative payments only if the payments are made in order to restore some or all of the Plan's losses due to an action (or a failure to act) that creates a reasonable risk of liability for such a breach of fiduciary duty (other than a breach of fiduciary duty arising from failure to remit contributions to the Plan). This includes payments to the Plan made pursuant to a court-approved settlement, to restore losses to the Plan on account of the breach of fiduciary duty (other than a breach of fiduciary duty arising from failure to remit contributions to the Plan). Payments made to the Plan to make up for losses due merely to market fluctuations and other payments that are not made on account of a reasonable risk of liability for breach of a fiduciary duty are not restorative payments and generally constitute contributions that are considered Annual Additions.

Annual Additions shall not include: (1) The direct transfer of a benefit or employee contributions from a qualified plan to this Plan

(unless required by an applicable regulation); (2) rollover contributions (as described in Code §§401(a)(31), 402(c)(1), 403(a)(4), 403(b)(8), 408(d)(3), and 457(e)(16)); (3) repayments of loans made to a Participant from the Plan; or (4) repayments of amounts described in Code §411(a)(7)(B) (in accordance with Code §§411(a)(7)(C)) and 411(a)(3)(D). 1.7 "Basic Compensation" means the Participant's wages as defined in Code §3401(a) and all other payments of compensation by the Employer (in the course of the Employer's trade or business) for which the Employer is required to furnish the Participant a written statement under Code §§6041(d), 6051(a)(3) and 6052 (Form W-2 wages), as well as amounts that would have been received

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and includible in taxable compensation but for an election under Code §125(a), Code §132(f)(4), Code §402(e)(3), Code §402(h)(1)(B), Code §402(k), or Code §457(b), plus Military Differential Pay. Compensation must be determined without regard to any rules under Code §3401(a) that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Code §3401(a)(2)).

Basic Compensation for any Self-Employed Individual (with respect to the Employer maintaining the Plan) shall be equal to such individual's Earned Income.

Basic Compensation shall not include amounts paid as Compensation to a nonresident alien, as defined in Code §7701(b)(1)(B), who is not a Participant in the Plan to the extent the compensation is excludable from gross income and is not effectively connected with the conduct of a trade or business within the United States. 1.8 "Beneficiary" means the person (or entity) to whom the share of a deceased Participant's interest in the Plan is payable. In addition, Section 6.8 ("Minimum Required Distributions") contains a definition of "designated Beneficiary" for purposes of that Section. 1.9 "Code" means the Internal Revenue Code of 1986, as amended or replaced from time to time. 1.10 "Compensation" means a Participant's Basic Compensation, adjusted by this Section, actually paid during the Compensation Computation Period, adjusted as follows:

(a) including the following adjustments for amounts that are paid after a Participant's severance from employment with the Employer.

(1) Regular pay. Compensation shall include regular pay after severance of employment if paid by the later of 2 1/2 months after a Participant's severance from employment with the Employer or the end of the Limitation Year that includes the date of the Participant's severance from employment with the Employer, and if:

(i) The payment is regular compensation for services during the Participant's regular working hours, or compensation for services outside the Participant's regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments; and (ii) The payment would have been paid to the Participant prior to a severance from employment if the Participant had continued in employment with the Employer.

(2) Leave cashouts. Compensation shall include post-severance leave cash-outs paid by the later of 2 1/2 months after a Participant's severance from employment with the Employer or the end of the Limitation Year that includes the date of the Participant's severance from employment with the Employer if those amounts would have been included in the definition of Compensation if they were paid prior to the Participant's severance from employment with the Employer, and the amounts are for unused accrued bona fide sick, vacation, or other leave, but only if the Participant would have been able to use the leave if employment had continued.

(3) Deferred Compensation. Compensation shall include post-severance deferred compensation paid by the later of 2 1/2 months after a Participant's severance from employment with the Employer or the end of the Limitation Year that includes the date of the Participant's severance from employment with the Employer if those amounts would have been included in the definition of Compensation if they were paid prior to the Participant's severance from employment with the Employer maintaining the Plan, and the amounts are received pursuant to a nonqualified unfunded deferred compensation plan, but only if the payment would have been paid if the Participant had continued in employment with the Employer and only to the extent that the payment is includible in the Participant's gross income.

(b) Dollar Limitation. Compensation in excess of $200,000 (or such other amount provided in the Code) shall be disregarded for all purposes. Such amount shall be adjusted for increases in the cost-of-living in accordance with Code §401(a)(17)(B), except that the dollar increase in effect on January 1 of any calendar year shall be effective for the Compensation Computation Period beginning with or within such calendar year. For any "determination period" of less than twelve (12) months, the Compensation limit shall be an amount equal to the Compensation limit for the calendar year in which the "determination period" begins multiplied by the ratio obtained by dividing the number of full months in the short "determination period" by twelve (12). A "determination period" is not less than twelve (12) months solely because a Participant's Compensation does not include Compensation paid during a "determination period" while the Participant was not a Participant in the Plan.

(c) Non-eligible Employee. If any Employees are excluded from the Plan, then Compensation for any such Employees who become eligible or cease to be eligible to participate in the Plan during a Plan Year shall only include Compensation while such Employees are Eligible Employees of the Plan.

1.11 "Compensation Computation Period" means the Plan Year. 1.12 "Contract" or "Policy" means any life insurance policy, retirement income policy or annuity contract (group or individual) issued pursuant to the terms of the Plan. In the event of any conflict between the terms of this Plan and the terms of any contract purchased hereunder, the Plan provisions shall control. 1.13 "Custodian" means a person or entity that has custody of all or any portion of the Plan assets.

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1.14 "Directed Account" means that portion of a Participant's interest in the Plan with respect to which the Participant has directed the investment in accordance with the Participant Direction Procedures. 1.15 "Early Retirement Date." This Plan does not provide for a retirement date prior to Normal Retirement Date. 1.16 "Earned Income" means with respect to a Self-Employed Individual, the net earnings from self-employment in the trade or business with respect to which the Plan is established, for which the personal services of the individual are a material income-producing factor. For this purpose, a self-employed individual means a sole proprietor who owns the entire interest in the Employer or a partner (or member in the case of a limited liability company treated as a partnership or sole proprietorship for federal income tax purposes) who owns more than ten percent (10%) of either the capital interest or the profits interest in the Employer and who receives income for personal services from the Employer. Net earnings will be determined without regard to items not included in gross income and the deductions allocable to such items. Net earnings are reduced by contributions by the Self-Employed Individual to a qualified Plan to the extent deductible under Code §404. In addition, net earnings shall be determined with regard to the deduction allowed to the Self-Employed Individual by Code §164(f).

If Compensation is defined to exclude any items of Compensation (other than safe harbor adjustments permitted under the Code §414(s) Regulations or limiting Compensation to periods of Plan participation), then for purposes of determining the Compensation of a Self-Employed Individual, Earned Income shall be adjusted by multiplying Earned Income by the percentage of total compensation that is included for the eligible Participants who are Nonhighly Compensated Employees. That percentage is determined by calculating the percentage of each Nonhighly Compensated eligible Participant's total Compensation prior to excluding any non-safe harbor adjustments that are included in the definition of Compensation and averaging those percentages.

For purposes of the preceding paragraph, "common law participant" means a Participant who is neither a Highly Compensated Employee nor a Self-Employed Individual, "includible compensation" means the amount of Compensation taken into account in determining the amount of such contribution for "common law participants," and "total compensation" means the amount of Compensation that would have been taken into account in determining such contribution for "common law participants" if (1) no element of Compensation had been excluded in determining such contribution, and (2) all of the following are included in Compensation: any amount which is contributed by the Employer at the election of the Participant pursuant to a salary deferral agreement and which is not includible in the gross income of the Participant by reason of Code §125, Code §132(f)(4), Code §402(e)(3), Code §402(h)(1)(B), Code §402(k) or Code §457(b), and employee contributions described in Code §414(h)(2) that are treated as Employer contributions.

However, to the extent that the amount of "includible compensation" for "common law participants" includes any amount which is

contributed by the Employer at the election of the Participant pursuant to a salary deferral agreement and which is not includible in the gross income of the Participant by reason of Code §125, Code §132(f)(4), Code §402(e)(3), Code §402(h)(1)(B), Code §402(k) or Code §457(b), and employee contributions described in Code §414(h)(2) that are treated as Employer contributions, then those amounts shall be added back to Earned Income after making the adjustment described in the preceding paragraph. 1.17 "Effective Date of the Plan" means July 1, 2014. 1.18 "Eligible Employee" means any Employee, except as provided below, and except as provided in any other particular provision for the limited purposes of such provision. The following Employees shall not be eligible to participate in this Plan:

(a) Employees of Affiliated Employers, unless such Affiliated Employers have specifically adopted this Plan in writing. (b) An individual shall not be an Eligible Employee if such individual is not reported on the payroll records of the Employer as a common law employee. In particular, it is expressly intended that individuals not treated as common law employees by the Employer on its payroll records and out-sourced workers, are neither Employees nor Eligible Employees, and are excluded from Plan participation even if a court or administrative agency determines that such individuals are common law employees and not independent contractors. However, this paragraph shall not apply to partners or other Self-Employed Individuals unless the Employer treats them as independent contractors. (c) Unless or until otherwise provided, Employees who became Employees as the result of a "Code §410(b)(6)(C) transaction" will not be Eligible Employees until the expiration of the transition period beginning on the date of the transaction and ending on the last day of the first Plan Year beginning after the date of the transaction. A Code §410(b)(6)(C) transaction is an asset or stock acquisition, merger, or similar transaction involving a change in the Employer of the Employees of a trade or business that is subject to the special rules set forth in Code §410(b)(6)(C).

1.19 "Employee" means any common law employee, Self-Employed Individual, Leased Employee or other person to the extent that the Code treats such an individual as an employee of the Employer for purposes of the Plan, such as (for certain purposes) any person who is employed by an Affiliated Employer. 1.20 "Employer" means Tahoe Transportation District (also known as the signatory Employer) and any successor which shall maintain this Plan; and any predecessor which has maintained this Plan. The Employer is an entity, with principal offices in the State of Nevada. In addition, where appropriate, the term Employer shall include any Participating Employer. 1.21 "Fiduciary" means any person who (a) exercises any discretionary authority or discretionary control respecting management of the Plan or exercises any authority or control respecting management or disposition of its assets, (b) renders investment advice for a fee or other compensation, direct or indirect, with respect to any monies or other property of the Plan or has any authority or responsibility to do so, or (c) has any discretionary authority or discretionary responsibility in the administration of the Plan.

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1.22 "Fiscal Year" means the Employer's accounting year. 1.23 "Forfeiture." Under this Plan, Participant accounts are 100% Vested at all times. Any amounts that may otherwise be forfeited under the Plan pursuant to Section 6.10 shall be used to reduce the contribution of the Employer or be used to pay any administrative expenses of the Plan.

For purposes of this Plan, any Forfeiture will be disposed of not later than the end of the Plan Year following the Plan Year in which the Forfeiture occurred. 1.24 "Former Employee" means an Employee who has severed employment with the Employer or an Affiliated Employer. 1.25 "415 Compensation" means the Participant's Basic Compensation during the Compensation Computation Period as adjusted by this Section.

(a) Post-Severance Pay. 415 Compensation shall include payments paid after severance from employment that, absent a severance from employment, would have been paid to the Employee had the Employee continued in employment with the Employer to the extent that such amounts are described below:

(1) Post-severance regular pay. 415 Compensation shall include regular pay after severance of employment if the payment is regular compensation for services during the Participant's regular working hours, or compensation for services outside the Participant's regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments, and such amounts are paid by the later of 2 1/2 months after severance from employment or by the end of the Limitation Year that includes the date of such severance from employment.

(2) Post-severance leave cash-outs. Leave cash-outs shall be included in 415 Compensation if those amounts would have been included in the definition of 415 Compensation if they were paid prior to the Participant's severance from employment, and the amounts are payment for unused accrued bona fide sick, vacation, or other leave, but only if the Participant would have been able to use the leave if employment had continued, and such amounts are paid by the later of 2 1/2 months after severance from employment or by the end of the Limitation Year that includes the date of such severance from employment.

(3) Post-severance deferred compensation. In addition, deferred compensation shall be included in 415 Compensation if the compensation would have been included in the definition of 415 Compensation if it had been paid prior to the Participant's severance from employment, and the compensation is received pursuant to a nonqualified unfunded deferred compensation plan, but only if the payment would have been paid at the same time if the Participant had continued in employment with the Employer and only to the extent that the payment is includible in the Participant's gross income, and such amounts are paid by the later of 2 1/2 months after severance from employment or by the end of the Limitation Year that includes the date of such severance from employment.

1.26 "414(s) Compensation" means 415 Compensation or any other definition of compensation that satisfies the nondiscrimination requirements of Code §414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be the Plan Year or some other uniform 12-month period ending in the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year (or other 12-month period described in the preceding sentence) in which an Employee was a Participant. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year. 1.27 "Highly Compensated Employee" means an Employee described in Code §414(q) and the Regulations thereunder, and generally means any Employee who:

(a) for the "look-back year" had 415 Compensation from the Employer in excess of $80,000. The $80,000 amount is adjusted at the same time and in the same manner as under Code §415(d), except that the base period is the calendar quarter ending September 30, 1996.

The "determination year" means the Plan Year for which testing is being performed, and the "look-back year" means the

immediately preceding twelve (12) month period. In determining who is a Highly Compensated Employee, Employees who are nonresident aliens and who received no earned

income (within the meaning of Code §911(d)(2)) from the Employer constituting United States source income within the meaning of Code §861(a)(3) shall not be treated as Employees. If an Employee who is a nonresident alien has U.S. source income, that Employee is treated as satisfying this definition if all of such Employee's U.S. source income from the Employer is exempt from U.S. income tax under an applicable income tax treaty. Additionally, all Affiliated Employers shall be taken into account as a single employer and Leased Employees within the meaning of Code §§414(n)(2) and 414(o)(2) shall be considered Employees unless such Leased Employees are covered by a plan described in Code §414(n)(5) and are not covered in any qualified plan maintained by the Employer. The exclusion of Leased Employees for this purpose shall be applied on a uniform and consistent basis for all of the Employer's retirement plans. Highly Compensated Former Employees shall be treated as Highly Compensated Employees without regard to whether they performed services during the "determination year." 1.28 "Highly Compensated Participant" means, for a particular Plan Year, a Participant who meets the definition of a Highly Compensated Employee in effect for that Plan Year. 1.29 "Hour of Service" means (1) each hour for which an Employee is directly or indirectly compensated or entitled to Compensation by the Employer for the performance of duties (these hours will be credited to the Employee for the computation period

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in which the duties are performed); (2) each hour for which an Employee is directly or indirectly compensated or entitled to compensation by the Employer (irrespective of whether the employment relationship has terminated) for reasons other than performance of duties (such as vacation, holidays, sickness, jury duty, disability, lay-off, military duty or leave of absence) during the applicable computation period (these hours will be calculated and credited pursuant to Department of Labor regulation §2530.200b-2, which is incorporated herein by reference); (3) each hour for which back pay is awarded or agreed to by the Employer without regard to mitigation of damages (these hours will be credited to the Employee for the computation period or periods to which the award or agreement pertains rather than the computation period in which the award, agreement or payment is made). The same Hours of Service shall not be credited both under (1) or (2), as the case may be, and under (3).

Notwithstanding (2) above, (i) no more than 501 Hours of Service will be credited to an Employee on account of any single continuous period during which the Employee performs no duties (whether or not such period occurs in a single computation period); (ii) an hour for which an Employee is directly or indirectly paid, or entitled to payment, on account of a period during which no duties are performed is not required to be credited to the Employee if such payment is made or due under a plan maintained solely for the purpose of complying with applicable worker's compensation, or unemployment compensation or disability insurance laws; and (iii) Hours of Service are not required to be credited for a payment which solely reimburses an Employee for medical or medically related expenses incurred by the Employee.

For purposes of (2) above, a payment shall be deemed to be made by or due from the Employer regardless of whether such payment is made by or due from the Employer directly, or indirectly through, among others, a trust fund, or insurer, to which the Employer contributes or pays premiums and regardless of whether contributions made or due to the trust fund, insurer, or other entity are for the benefit of particular Employees or are on behalf of a group of Employees in the aggregate.

Each Employee shall be credited with such Employee's actual Hours of Service.

For purposes of this Section, Hours of Service will be credited for employment with any Affiliated Employers. The provisions of Department of Labor regulations §§2530.200b-2(b) and (c) are incorporated herein by reference. 1.30 "Investment Manager" means any Fiduciary described in Section 2.1(b). 1.31 "Late Retirement Date" means a Participant's actual Retirement Date after having reached Normal Retirement Date. 1.32 "Leased Employee" means any person (other than an Employee of the recipient Employer) who, pursuant to an agreement between the recipient Employer and any other person or entity ("leasing organization"), has performed services for the recipient (or for the recipient and related persons determined in accordance with Code §414(n)(6)) on a substantially full time basis for a period of at least one year, and such services are performed under primary direction or control by the recipient Employer. Contributions or benefits provided a Leased Employee by the leasing organization which are attributable to services performed for the recipient Employer shall be treated as provided by the recipient Employer. Furthermore, Compensation for a Leased Employee shall only include Compensation from the leasing organization that is attributable to services performed for the recipient Employer.

A Leased Employee shall not be considered an employee of the recipient Employer if: (a) such employee is covered by a money purchase pension plan providing: (1) a non-integrated employer contribution rate of at least ten percent (10%) of compensation, as defined in Code §415(c)(3), (2) immediate participation, and (3) full and immediate vesting; and (b) leased employees do not constitute more than twenty percent (20%) of the recipient Employer's nonhighly compensated work force. 1.33 "Limitation Year" means the Plan Year. All qualified plans maintained by the Employer must use the same Limitation Year. Furthermore, unless there is a change to a new Limitation Year, the Limitation Year will be a twelve (12) consecutive month period. In the case of an initial Limitation Year, the Limitation Year will be the twelve (12) consecutive month period ending on the last day of the initial Plan Year. If the Limitation Year is amended to a different twelve (12) consecutive month period, the new Limitation Year must begin on a date within the Limitation Year in which the amendment is made. The Limitation Year may only be changed by a Plan amendment. Furthermore, if the Plan is terminated effective as of a date other than the last day of the Plan's Limitation Year, then the Plan is treated as if the Plan had been amended to change its Limitation Year (to end on the date of plan termination). 1.34 "Military Differential Pay" means any differential wage payments made to an individual that represents an amount which, when added to the individual's military pay, approximates the amount of compensation that was paid to the individual while working for the Employer. An individual receiving a differential wage payment, as defined by Code §3401(h)(2), is treated as an Employee of the Employer making the payment.

The Plan is not treated as failing to meet the requirements of any provision described in Code §414(u)(1)(C) (or corresponding plan provisions) by reason of any contribution or benefit which is based on the differential wage payment. The preceding sentence applies only if all Employees of the Employer performing service in the uniformed services described in Code §3401(h)(2)(A) are entitled to receive differential wage payments (as defined in Code §3401(h)(2)) on reasonably equivalent terms and, if eligible to participate in a retirement plan maintained by the Employer, to make contributions based on the payments on reasonably equivalent terms (taking into account Code §§410(b)(3), (4), and (5)). 1.35 "Nonelective Contribution" means any Employer contribution (including a contribution made at the Employer's discretion) to the Plan. 1.36 "Nonelective Contribution Account" means the separate account established and maintained by the Administrator for each Participant with respect to the Participant's total interest in the Plan resulting from Nonelective Contributions. 1.37 "Nonhighly Compensated Employee" means any Employee who is not a Highly Compensated Employee.

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1.38 "Nonhighly Compensated Participant" means a Participant who is not a Highly Compensated Employee. 1.39 "Normal Retirement Age" means the Participant's 65th birthday. 1.40 "Normal Retirement Date" means the date a Participant attains Normal Retirement Age. 1.41 "1-Year Break in Service" means the applicable computation period during which an Employee has not completed more than 500 Hours of Service with the Employer. However, the Employer may amend the Plan to provide a lesser number of Hours of Service in a Plan amendment for eligibility purposes, vesting purposes, or accrual purposes without adversely affecting the Plan's reliance on the IRS advisory letter. Further, solely for the purpose of determining whether a Participant has incurred a 1-Year Break in Service, Hours of Service shall be recognized for "authorized leaves of absence" and "maternity and paternity leaves of absence." Years of Service and 1-Year Breaks in Service shall be measured on the same computation period.

For purposes of this definition, "authorized leave of absence" means an unpaid, temporary cessation from active employment with the Employer pursuant to an established nondiscriminatory policy, whether occasioned by illness, military service, or any other reason.

Furthermore, for purposes of this definition, "maternity and paternity leave of absence" means an absence from work for any period by reason of the Employee's pregnancy, birth of the Employee's child, placement of a child with the Employee in connection with the adoption of such child, or any absence for the purpose of caring for such child for a period immediately following such birth or placement. For this purpose, Hours of Service shall be credited for the computation period in which the absence from work begins, only if credit therefore is necessary to prevent the Employee from incurring a 1-Year Break in Service, or, in any other case, in the immediately following computation period. The Hours of Service credited for "maternity and paternity leaves of absence" shall be those which would normally have been credited but for such absence, or, in any case in which the Administrator is unable to determine such hours normally credited, eight (8) Hours of Service per day. The total Hours of Service required to be credited for "maternity and paternity leaves of absence" shall not exceed the number of Hours of Service needed to prevent the Employee from incurring a 1-Year Break in Service. 1.42 "Participant" means any Employee or Former Employee who has satisfied the requirements of Sections 3.1 and 3.2 and entered the Plan and is eligible to accrue benefits under the Plan. In addition, the term "Participant" also includes any individual who was a Participant (as defined in the preceding sentence) and who must continue to be taken into account under a particular provision of the Plan (e.g., because the individual has an Account Balance in the Plan). 1.43 "Participant Direction Procedures" means such instructions, guidelines or policies, the terms of which are incorporated herein, as shall be established pursuant to Section 4.6 and observed by the Administrator and applied to Participants who have Participant Directed Accounts. 1.44 "Participating Employer" means an Employer who adopts the Plan pursuant to Section 10.1. 1.45 "Plan" means this instrument, including all amendments thereto. 1.46 "Plan Year" means the Plan's accounting year of twelve (12) months commencing on July 1 of each year and ending the following June 30. 1.47 "Qualified Military Service" means military service described by Code §414(u). Notwithstanding any provision of this Plan to the contrary, contributions, benefits and service will be provided in accordance with Code §414(u). 1.48 "Regulation" means the Income Tax Regulations as promulgated by the Secretary of the Treasury or a delegate of the Secretary of the Treasury, and as amended from time to time. 1.49 "Retirement Date" means the date as of which a Participant retires whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date. 1.50 "Self-Employed Individual" means an individual who has Earned Income for the taxable year from the trade or business for which the Plan is established, and, also, an individual who would have had Earned Income but for the fact that the trade or business had no net profits for the taxable year. A Self-Employed Individual shall be treated as an Employee. 1.51 "Spouse" means, a spouse as determined under federal tax law. 1.52 "Terminated Participant" means a person who has been a Participant, but whose employment has been terminated other than by death or retirement. 1.53 "Total Vested Benefit" means the total Participant's Vested Account balances derived from Employer and Employee Contributions, including rollover contributions, whether Vested before or upon death. 1.54 "Transfer Account" means the separate account established and maintained by the Administrator for each Participant with respect to the Participant's total interest in the Plan resulting from amounts transferred to or merged into this Plan from a direct plan-to-plan transfer in accordance with Section 4.5.

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1.55 "Trustee" means the person or entity named as trustee herein or in any separate trust forming a part of this Plan, and any successors, effective upon the written acceptance of such person or entity to serve as Trustee. 1.56 "Trust Fund" means the assets of the Plan and Trust as the same shall exist from time to time. 1.57 "Valuation Date" means the Anniversary Date and may include any other date or dates deemed necessary or appropriate by the Administrator for the valuation of the Participants' Accounts during the Plan Year, which may include any day that the Trustee, any transfer agent appointed by the Trustee or the Employer or any stock exchange used by such agent, is open for business. Nothing in this Plan requires or implies a uniform Valuation Date for all Accounts; thus certain valuation provisions that apply to an Account that is not valued on each business day will have no application, in operation, to an Account that is valued on each business day. 1.58 "Vested" means the nonforfeitable portion of any account maintained on behalf of a Participant. 1.59 "Year of Service" means the computation period of twelve (12) consecutive months, herein set forth, and during which an Employee has at least 1,000 Hours of Service. However, the Employer may amend the Plan to provide a lesser number of Hours of Service in a Plan amendment for eligibility purposes, vesting purposes, or accrual purposes without adversely affecting the Plan's reliance on the IRS advisory letter.

A Year of Service for eligibility purposes is not credited until the end of a participation computation period.

The computation period shall be the Plan Year if not otherwise set forth herein. Notwithstanding the foregoing, for any short Plan Year, the determination of whether an Employee has completed a Year of

Service shall be made in accordance with Department of Labor regulation §2530.203-2(c).

Years of Service with any Affiliated Employer shall be recognized commencing with an Employee's first day of employment with the Affiliated Employer. Furthermore, Years of Service with any predecessor employer that maintained the Plan shall be recognized.

In the event the method of crediting service is amended from the elapsed-time method to the hour-of-service method, an Employee will receive credit for Years of Service equal to:

(a) The number of Years of Service equal to the number of 1-year Periods of Service credited to the Employee as of the date of the amendment; and (b) In the computation period which includes the date of the amendment, a number of Hours of Service (using the Hours of Service equivalency method elected in the Plan) to any fractional part of a year credited to the Employee under this Section as of the date of the amendment.

ARTICLE II

ADMINISTRATION 2.1 POWERS AND RESPONSIBILITIES OF THE EMPLOYER

(a) Appointment of Trustee and Administrator. In addition to the general powers and responsibilities otherwise provided for in this Plan, the Employer shall be empowered to appoint and remove the Trustee and/or the Administrator from time to time as it deems necessary for the proper administration of the Plan to ensure that the Plan is being operated for the exclusive benefit of the Participants and their Beneficiaries in accordance with the terms of the Plan and the Code. The Employer may appoint counsel, specialists, advisers, agents (including any nonfiduciary agent) and other persons as the Employer deems necessary or desirable in connection with the exercise of its fiduciary duties under this Plan. The Employer may compensate such agents or advisers from the assets of the Plan as fiduciary expenses (but not including any business (settlor) expenses of the Employer), to the extent not paid by the Employer.

(b) Appointment of Investment Manager. The Employer may appoint, at its option, an Investment Manager (qualified under the Investment Company Act of 1940 as amended), investment adviser, or other agent to provide investment direction to the Trustee with respect to any or all of the Plan assets. Such appointment shall be given by the Employer in writing in a form acceptable to the Trustee and shall specifically identify the Plan assets with respect to which the Investment Manager or other agent shall have authority to direct the investment.

2.2 DESIGNATION OF ADMINISTRATIVE AUTHORITY

The Employer may appoint any person, including, but not limited to, the Employees of the Employer, to perform the duties of the Administrator. Any person so appointed shall signify acceptance by filing written acceptance with the Employer. Upon the resignation or removal of any individual performing the duties of the Administrator, the Employer may designate a successor. 2.3 ALLOCATION AND DELEGATION OF RESPONSIBILITIES

If more than one person is serving as Administrator, the responsibilities of each Administrator may be specified by the Employer

and accepted in writing by each Administrator. In the event that no such delegation is made by the Employer, the Administrators may allocate the responsibilities among themselves, in which event the Administrators shall notify the Employer and the Trustee in writing of such action and specify the responsibilities of each Administrator. The Trustee thereafter shall accept and rely upon any documents

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executed by the appropriate Administrator until such time as the Employer or the Administrators file with the Trustee a written revocation of such designation. 2.4 POWERS AND DUTIES OF THE ADMINISTRATOR

The primary responsibility of the Administrator is to administer the Plan for the exclusive benefit of the Participants and their Beneficiaries, subject to the specific terms of the Plan. The Administrator shall administer the Plan in accordance with its terms and shall have the power and discretion to construe the terms of the Plan and to determine all questions arising in connection with the administration, interpretation, and application of the Plan. Benefits under this Plan will be paid only if the Administrator decides in its discretion that the applicant is entitled to them. Any such determination by the Administrator shall be conclusive and binding upon all persons. The Administrator may establish procedures, correct any defect, supply any information, or reconcile any inconsistency in such manner and to such extent as shall be deemed necessary or advisable to carry out the purpose of the Plan; provided, however, that any procedure, discretionary act, interpretation or construction shall be done in a nondiscriminatory manner based upon uniform principles consistently applied and shall be consistent with the intent that the Plan shall continue to be deemed a qualified plan under the terms of Code §401(a). The Administrator shall have all powers necessary or appropriate to accomplish the Administrator's duties under the Plan.

The Administrator shall be charged with the duties of the general administration of the Plan as set forth under the terms of the Plan, including, but not limited to, the following:

(a) the discretion to determine all questions relating to the eligibility of Employees to participate or remain a Participant hereunder and to receive benefits under the Plan;

(b) the authority to review and settle all claims against the Plan, including claims where the settlement amount cannot be calculated or is not calculated in accordance with the Plan's contribution or allocation formula. This authority specifically permits the Administrator to settle disputed claims for benefits and any other disputed claims made against the Plan; (c) to compute, certify, and direct the Trustee with respect to the amount and the kind of benefits to which any Participant shall be entitled hereunder;

(d) to authorize and direct the Trustee with respect to all discretionary or otherwise directed disbursements from the Trust Fund; (e) to maintain all necessary records for the administration of the Plan; (f) to interpret the provisions of the Plan and to make and publish such rules for regulation of the Plan as are consistent with the terms hereof;

(g) to determine the size and type of any Contract to be purchased from any insurer, and to designate the insurer from which such Contract shall be purchased; (h) to compute and certify to the Employer and to the Trustee from time to time the sums of money necessary or desirable to be contributed to the Plan; (i) to consult with the Employer and the Trustee regarding the short and long-term liquidity needs of the Plan in order that the Trustee can exercise any investment discretion (if the Trustee has such discretion) in a manner designed to accomplish specific objectives;

(j) to determine the validity of, and take appropriate action with respect to, any eligible domestic relations order received by it; and (k) to assist any Participant regarding the Participant's rights, benefits, or elections available under the Plan.

2.5 RECORDS AND REPORTS

The Administrator shall keep a record of all actions taken and shall keep all other books of account, records, policies, and other data that may be necessary for proper administration of the Plan and shall be responsible for supplying all information and reports to the Internal Revenue Service, Participants, Beneficiaries and others as required by law. 2.6 APPOINTMENT OF ADVISERS

The Administrator, or the Trustee with the consent of the Administrator, may appoint counsel, specialists, advisers, agents (including nonfiduciary agents) and other persons as the Administrator or the Trustee deems necessary or desirable in connection with the administration of this Plan, including but not limited to agents and advisers to assist with the administration and management of the Plan, and thereby to provide, among such other duties as the Administrator may appoint, assistance with maintaining Plan records and the providing of investment information to the Plan's investment fiduciaries and to Plan Participants. 2.7 INFORMATION FROM EMPLOYER

The Employer shall supply full and timely information to the Administrator on all pertinent facts as the Administrator may require in order to perform its function hereunder and the Administrator shall advise the Trustee of such of the foregoing facts as may be pertinent to

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the Trustee's duties under the Plan. The Administrator may rely upon such information as is supplied by the Employer and shall have no duty or responsibility to verify such information. 2.8 PAYMENT OF EXPENSES

All reasonable expenses of administration may be paid out of the Plan assets unless paid by the Employer. Such expenses shall include any expenses incident to the functioning of the Administrator, or any person or persons retained or appointed by any named Fiduciary incident to the exercise of their duties under the Plan, including, but not limited to, fees of accountants, counsel, Investment Managers, agents (including nonfiduciary agents) appointed for the purpose of assisting the Administrator or the Trustee in carrying out the instructions of Participants as to the directed investment of their accounts (if permitted) and other specialists and their agents, and other costs of administering the Plan. Until paid, the expenses shall constitute a liability of the Trust Fund. In addition, unless specifically prohibited under statute, regulation or other guidance of general applicability, the Administrator may charge to the Account of an individual Participant a reasonable charge to offset the cost of making a distribution to the Participant, Beneficiary, or Alternate Payee. If liquid assets of the Plan are insufficient to cover the fees of the Trustee or the Administrator, then Plan assets shall be liquidated to the extent necessary for such fees. In the event any part of the Plan assets becomes subject to tax, all taxes incurred will be paid from the Plan assets. Until paid, the expenses shall constitute a liability of the Trust Fund. 2.9 MAJORITY ACTIONS

Except where there has been an allocation and delegation of administrative authority pursuant to Section 2.3, if there is more than one Administrator, then they shall act by a majority of their number, but may authorize one or more of them to sign all papers on their behalf. Alternatively, the Administrators may allocate authority amongst themselves in a written document signed by all Administrators.

ARTICLE III ELIGIBILITY

3.1 CONDITIONS OF ELIGIBILITY

(a) Eligibility. Any Eligible Employee shall be eligible to participate hereunder on the date of such Employee's employment with the Employer.

3.2 EFFECTIVE DATE OF PARTICIPATION

(a) Effective date of participation. An Eligible Employee shall become a Participant effective as of the date on which such Employee satisfies the eligibility requirements of Section 3.1, provided said Employee is still employed as of such date. If an Eligible Employee is not employed as of such date, the Eligible Employee's Effective Date of Participation shall be determined in accordance with Section 3.2(e).

(b) Latest effective date of participation. Notwithstanding any provision in the Plan to the contrary, an Eligible Employee who has satisfied the minimum age and service requirements of Code §410(a)(1)(A) (including the rule at Code §410(a)(1)(B)(i)) and who is otherwise entitled to participate, will become a Participant no later than the earlier of (1) six (6) months after such requirements are satisfied, or (2) the first day of the first Plan Year after such requirements are satisfied, unless the Employee separates from service before such participation date.

(c) Ineligible to eligible classification. If an Employee, who has satisfied the Plan's eligibility requirements and would otherwise have become a Participant of the Plan, shall go from a classification of an ineligible Employee to an Eligible Employee, such Employee shall become a Participant of the Plan on the date such Employee becomes an Eligible Employee or, if later, the date that the Employee would have otherwise entered the Plan had the Employee always been an Eligible Employee.

(d) Eligible to ineligible classification. If an Employee who has satisfied the Plan's eligibility requirements and would otherwise become a Participant of the Plan shall go from a classification of an Eligible Employee to an ineligible class of Employees, such Employee shall become a Participant of the Plan on the date such Employee again becomes an Eligible Employee, or, if later, the date that the Employee would have otherwise entered the Plan had the Employee always been an Eligible Employee. However, if such Employee incurs five (5) consecutive 1-Year Breaks in Service, eligibility will be determined under the Break in Service rules set forth in Section 3.5(d).

(e) Effective date of participation upon reemployment. If an Eligible Employee is not employed on the Effective Date of Participation as described in the preceding provisions of this Section 3.2, but is reemployed before a 5-Year Break in Service, then such Eligible Employee shall become a Participant on the date of reemployment, or, if later, the date that the Employee would have otherwise entered the Plan had the Employee not terminated employment. If such Employee incurs five (5) consecutive 1-Year Breaks in Service, eligibility will be determined under the Break in Service rules set forth in Section 3.5(d).

3.3 DETERMINATION OF ELIGIBILITY

The Administrator shall determine the eligibility of each Employee for participation in the Plan based upon information furnished by the Employer. Such determination shall be conclusive and binding upon all persons, as long as the same is made pursuant to the Plan. 3.4 CESSATION OF ELIGIBILITY

In the event a Participant shall go from a classification of an Eligible Employee to an ineligible Employee, then such Participant shall continue to Vest for each Year of Service completed while an ineligible Employee, until such time as the Participant's Account is forfeited or

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distributed pursuant to the terms of the Plan. Additionally, the Participant's interest in the Plan shall continue to share in the earnings of the Trust Fund. 3.5 REHIRED EMPLOYEES AND BREAKS IN SERVICE

(a) Rehired Participant/immediate re-entry. If any Former Employee who had been a Participant is reemployed by the Employer, then the Employee shall become a Participant as of the reemployment date, unless the Employee is not an Eligible Employee, or the Employee does not satisfy the eligibility conditions taking into account prior service to the extent such prior service is not disregarded pursuant to Section 3.5(d) below. If all such prior service is disregarded, then the rehired Eligible Employee shall be treated as a new hire.

(b) Rehired Eligible Employee who satisfied eligibility. If any Eligible Employee had satisfied the Plan's eligibility requirements but, due to a severance of employment, did not become a Participant, then such Eligible Employee shall become a Participant as of the later of (1) the entry date on which he or she would have entered the Plan had there been no severance of employment, or (2) the date of his or her re-employment. Notwithstanding the preceding, if the rehired Eligible Employee's prior service is disregarded pursuant to Section 3.5(d) below, then the rehired Eligible Employee shall be treated as a new hire. (c) Rehired Eligible Employee who had not satisfied eligibility. If any Eligible Employee who had not satisfied the Plan's eligibility requirements is rehired after a severance from employment, then such Eligible Employee shall become a Participant in the Plan in accordance with the eligibility requirements set forth in Section 3.1 and the entry date requirement set forth in Section 3.2. However, in applying any shift in an eligibility computation period, the Eligible Employee is not treated as a new hire unless prior service is disregarded in accordance with Section 3.5(d) below.

(d) Rule of parity for eligibility and vesting. In the case of a Former Employee who under the Plan does not have a nonforfeitable right to any interest in the Plan resulting from Employer contributions, Years of Service before a period of consecutive 1-Year Breaks in Service will not be taken into account if the number of consecutive 1-Year Breaks in Service equal or exceed the greater of (A) five (5) or (B) the aggregate number of pre-break Years of Service. Such aggregate number of Years of Service will not include any Years of Service disregarded under the preceding sentence by reason of a prior period of five (5) consecutive 1-Year Breaks in Service.

A Former Employee shall participate in the Plan as of the date of reemployment, or if later, as of the date that the Former Employee would otherwise enter the Plan pursuant to Section 3.1 and Section 3.2 taking into account all service not disregarded in this subsection.

3.6 ELECTION NOT TO PARTICIPATE

(a) Irrevocable election not to participate. An Employee may not elect voluntarily not to participate in the Plan. 3.7 OMISSION OF ELIGIBLE EMPLOYEE; INCLUSION OF INELIGIBLE EMPLOYEE

If, in any Plan Year, any Employee who should be included as a Participant in the Plan is erroneously omitted and discovery of such omission is not made until after a contribution by the Employer for the year has been made and allocated, or any person who should not have been included as a Participant in the Plan is erroneously included, then the Employer shall apply the principles described by, and take corrective actions consistent with, the IRS Employee Plans Compliance Resolution System ("EPCRS") (see Section 9.12).

ARTICLE IV CONTRIBUTION AND ALLOCATION

4.1 FORMULA FOR DETERMINING EMPLOYER CONTRIBUTION

For each Plan Year, the Employer shall contribute to the Plan:

(a) Non-Elective Contribution - The District shall contribute 4% of the Compensation of all Participants eligible to share in allocations, which amount shall be a Non-elective Contribution (sometimes herein referred to as the District Contribution). (b) Social Security Replacement Contribution - The District, on behalf of each Participant, shall contribute the Social Security Replacement Contribution. The amount of the Social Security Replacement Contribution will be 8% of the Compensation of all Participants eligible to share in allocations. Each Participant's Social Security Replacement Contribution Account and Non-Elective Contribution account shall be 100% Vested at all times and shall not be subject to Forfeiture for any reason. (c) Form of contribution. All contributions by the Employer shall be made in cash or in such property as is acceptable to the Trustee. The Employer may make its contribution to the Plan in the form of property only if such contribution does not constitute a prohibited transaction under the Code.

(d) Union Employees. Regardless of any provision in this Plan to the contrary, Employees whose employment is governed by a collective bargaining agreement between the Employer and "employee representatives" under which retirement benefits were the subject of good faith bargaining shall be eligible to participate in this Plan to the extent of employment covered by such

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agreement provided the agreement provides for coverage in the Plan. The contributions and allocations under this Plan shall be those set forth in the collective bargaining agreement, which is hereby incorporated by reference. For this purpose, the term "employee representatives" does not include any organization more than half of whose members are employees who are owners, officers, or executives of the Employer. The provisions of this subsection only apply if no more than two percent (2%) of the Employees covered pursuant to the agreement are professionals as defined in Regulation §1.410(b)-9.

4.2 TIME OF PAYMENT OF EMPLOYER CONTRIBUTION

Unless otherwise provided by a particular provision of the Plan, or by contract or law, the Employer may make its contribution to the Plan for a particular Plan Year at such time as the Employer, in its sole discretion, determines. If the Employer makes a contribution for a particular Plan Year after the close of that Plan Year, then the Employer will designate to the Administrator the Plan Year for which the Employer is making its contribution. 4.3 ALLOCATIONS

(a) Separate accounting. The Administrator shall establish and maintain an account in the name of each Participant to which the Administrator shall credit as of each Anniversary Date, or other Valuation Date, all amounts allocated to a particular Account of each such Participant as set forth herein.

(b) Allocation of contributions. The Employer shall provide the Administrator with all information required by the Administrator to make a proper allocation of the Employer contributions for each Plan Year. Within a reasonable period of time after the date of receipt by the Administrator of such information, the Administrator shall allocate such contribution as follows:

(1) Nonelective Contributions. With respect to the Nonelective Contribution made on behalf of each Participant pursuant

to Section 4.1(a), to each such Participant's Nonelective Contribution Account.

(2) Entitlement to Nonelective Contribution. Any Participant employed during the Plan Year shall be eligible to share in the Nonelective Contribution for the year.

(3) Social Security Replacement Contribution. With respect to the Social Security Replacement Contribution made on behalf of each Participant pursuant to Section 4.1(b), to each such Participant's Social Security Replacement Contribution Account.

(4) Entitlement to Social Security Replacement Contribution. Any Participant employed during the Plan Year shall be eligible to share in the Social Security Replacement Contribution for the year.

(c) Allocation of earnings. As of each Valuation Date before the current valuation period allocation of Employer contributions, any earnings or losses (net appreciation or net depreciation) of the Trust Fund shall be allocated in the same proportion that each Participant's nonsegregated accounts bear to the total of all Participants' nonsegregated accounts as of such date. Earnings or losses with respect to a Participant's Directed Account shall be allocated in accordance with Section 4.6.

(d) Incoming transfers. Participants' transfers from other qualified plans deposited in the general Trust Fund shall share in any earnings and losses (net appreciation or net depreciation) of the Trust Fund in the same manner provided above. Each segregated account maintained on behalf of a Participant shall be credited or charged with its separate earnings and losses.

(e) Delay in processing transactions. Notwithstanding anything in this Section to the contrary, all information necessary to properly reflect a given transaction may not be available until after the date specified herein for processing such transaction, in which case the transaction will be reflected when such information is received and processed. Subject to express limits that may be imposed under the Code, the processing of any contribution, distribution or other transaction may be delayed for any legitimate business reason or force majeure (including, but not limited to, failure of systems or computer programs, failure of the means of the transmission of data, the failure of a service provider to timely receive values or prices, and the correction for errors or omissions or the errors or omissions of any service provider). The processing date of a transaction will be binding for all purposes of the Plan. (f) Recapture account. The Administrator in its discretion may use a "recapture Account" to pay non-settlor Plan expenses and may allocate funds in the Account (or excess funds therein after payment of Plan expenses) as earnings or as otherwise permitted by applicable law. The Administrator will exercise its discretion in a reasonable, uniform and nondiscriminatory manner. A "recapture Account" is an account designated to receive amounts which a Plan service provider receives in the form of 12b-1 fees, sub-transfer agency fees, shareholder servicing fees or similar amounts (also known as "revenue sharing"), which are received by the service provider from a source other than the Plan and which the service provider may remit to the Plan. (g) Late trading and market timing settlement. In the event the Plan becomes entitled to a settlement from a mutual fund or other investment relating to late trading, market timing or other activities, the Administrator will allocate the settlement proceeds to Participants and Beneficiaries in accordance with Department of Labor Field Assistance Bulletin 2006-01 or other applicable law.

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4.4 MAXIMUM ANNUAL ADDITIONS

(a) Maximum permissible amount. Notwithstanding the foregoing, the maximum Annual Additions credited to a Participant's Accounts for any Limitation Year shall equal the lesser of:

(1) $52,000 adjusted annually as provided in Code §415(d) pursuant to the Regulations, or (2) one-hundred percent (100%) of the Participant's 415 Compensation for such Limitation Year.

The percentage limitation in paragraph (2) above shall not apply to: (1) any contribution for medical benefits (within the

meaning of Code §419A(f)(2)) after separation from service which is otherwise treated as an annual addition, or (2) any amount otherwise treated as an annual addition under Code §415(l)(1).

For any short Limitation Year, the dollar limitation in paragraph (1) above shall be reduced by a fraction, the numerator of

which is the number of full months in the short Limitation Year and the denominator of which is twelve (12).

(b) Excess Annual Additions defined. For purposes of this Article, the term "Excess Annual Additions" for any Participant for a Limitation Year means a Participant's Annual Additions under this Plan and such other plans of the Employer or Affiliated Employer that are in excess of the maximum permissible amount of this Section 4.4 for a Limitation Year. The Excess Annual Additions will be deemed to consist of the Annual Additions last allocated, except that Annual Additions attributable to a simplified employee pension will be deemed to have been allocated first, followed by Annual Additions to a welfare benefit fund or individual medical account, and then by Annual Additions to a plan subject to Code §412, regardless of the actual allocation date.

(c) Annual Additions can cease when maximum permissible amount reached. If the Employer contribution that would otherwise be contributed or allocated to the Participant's Accounts would cause the Annual Additions for the Limitation Year to exceed the maximum permissible amount, then the amount that would otherwise be contributed or allocated will be reduced so that the Annual Additions for the Limitation Year will equal the maximum permissible amount, and any such amounts which would have been allocated to such Participant may be allocated to other Participants.

(d) Multiple Plans. The following provisions apply if a Participant is covered by more than one qualified plan maintained by the Employer.

(1) If a Participant participates in more than one defined contribution plan maintained by the Employer that have different Anniversary Dates, then the maximum permissible amount under this Plan shall equal the maximum permissible amount for the Limitation Year minus any Annual Additions previously credited to such Participant's Accounts under all such plans during the Plan's Limitation Year. (2) If a Participant participates in both a defined contribution plan subject to Code §412 and a defined contribution plan not subject to Code §412 maintained by the Employer which have the same Anniversary Date, then Annual Additions will be credited to the Participant's Accounts under the defined contribution plan subject to Code §412 prior to crediting Annual Additions to the Participant's Accounts under the defined contribution plan not subject to Code §412.

(3) If a Participant participates in more than one defined contribution plan not subject to Code §412 maintained by the Employer which have the same Anniversary Date, then the maximum permissible amount under this Plan shall equal the product of (A) the maximum permissible amount for the Limitation Year minus any Annual Additions previously credited under subsections (1) or (2) above, multiplied by (B) a fraction (i) the numerator of which is the Annual Additions which would be credited to such Participant's Accounts under this Plan without regard to the limitations of Code §415 and (ii) the denominator of which is such Annual Additions for all plans described in this subsection.

(e) Aggregation of Plans. For purposes of applying the limitations of Code §415, all defined contribution plans (without regard to whether a plan has been terminated) ever maintained by the Employer (or a "predecessor employer") under which the Participant receives Annual Additions are treated as one defined contribution plan. The "Employer" means the Employer that adopts this Plan and all members of a controlled group or an affiliated service group that includes the Employer (within the meaning of Code §414(b), Code §414(c), Code §414(m) or Code §414(o)), except that for purposes of this subsection, the determination shall be made by applying Code §415(h), and shall take into account tax-exempt organizations under Regulation §1.414(c)-5, as modified by Regulation §1.415(a)-1(f)(1). For purposes of this paragraph:

(1) A former employer is a "predecessor employer" with respect to a Participant in a plan maintained by an Employer if the Employer maintains a plan under which the Participant had accrued a benefit while performing services for the former Employer, but only if that benefit is provided under the plan maintained by the Employer. For this purpose, the formerly affiliated plan rules in Regulation §1.415(f)-1(b)(2) apply as if the Employer and predecessor Employer constituted a single employer under the rules described in Regulation §§1.415(a)-1(f)(1) and (2) immediately prior to the cessation of affiliation (and as if they constituted two, unrelated employers under the rules described in Regulation §§1.415(a)-1(f)(1) and (2) immediately after the cessation of affiliation) and cessation of affiliation was the event that gives rise to the predecessor employer relationship, such as a transfer of benefits or plan sponsorship. (2) With respect to an Employer of a Participant, a former entity that antedates the Employer is a "predecessor employer" with respect to the Participant if, under the facts and circumstances, the employer constitutes a continuation of all or a portion of the trade or business of the former entity.

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(f) Break-up of an affiliated employer or an affiliated service group. For purposes of aggregating plans for Code §415, a "formerly affiliated plan" of an employer is taken into account for purposes of applying the Code §415 limitations to the Employer, but the formerly affiliated plan is treated as if it had terminated immediately prior to the "cessation of affiliation." For purposes of this paragraph, a "formerly affiliated plan" of an Employer is a plan that, immediately prior to the cessation of affiliation, was actually maintained by one or more of the entities that constitute the Employer (as determined under the employer affiliation rules described in Regulation §§1.415(a)-1(f)(1) and (2)), and immediately after the cessation of affiliation, is not actually maintained by any of the entities that constitute the Employer (as determined under the employer affiliation rules described in Regulation §§1.415(a)-1(f)(1) and (2)). For purposes of this paragraph, a "cessation of affiliation" means the event that causes an entity to no longer be aggregated with one or more other entities as a single employer under the employer affiliation rules described in Regulation §§1.415(a)-1(f)(1) and (2) (such as the sale of a subsidiary outside a controlled group), or that causes a plan to not actually be maintained by any of the entities that constitute the Employer under the employer affiliation rules of Regulation §§1.415(a)-1(f)(1) and (2) (such as a transfer of plan sponsorship outside of a controlled group). (g) Mid-year aggregation. Two or more defined contribution plans that are not required to be aggregated pursuant to Code §415(f) and the Regulations thereunder as of the first day of a Limitation Year do not fail to satisfy the requirements of Code §415 with respect to a Participant for the Limitation Year merely because they are aggregated later in that Limitation Year, provided that no Annual Additions are credited to the Participant's Account after the date on which the plans are required to be aggregated.

(h) Correction of Excess Annual Additions. Notwithstanding any provision of the Plan to the contrary, if Annual Additions exceed the limit on Annual Additions for any Participant, then the Plan may only correct such excess in accordance with the Employee Plans Compliance Resolution System ("EPCRS") (see Section 9.12). (i) Time when Annual Additions credited. An Annual Addition is credited to the account of a Participant for a particular Limitation Year if it as allocated to the Participant's account under the Plan as of any date within that Limitation Year. However, an amount is not deemed allocated as of any date within a Limitation Year if such allocation is dependent upon participation in the Plan as of any date subsequent to such date.

For purposes of this subsection, Employer contributions are not deemed credited to a Participant's Account for a particular Limitation Year unless the contributions are actually made to the Plan no later than thirty (30) days after the end of the period described in Code §404(a)(6) applicable to the taxable year with or within which the particular Limitation Year ends. In the case of an Employer that is exempt from federal income tax (including a governmental employer), Employer contributions are treated as credited to a Participant's Account for a particular Limitation Year only if the contributions are actually made to the Plan no later than the 15th day of the tenth calendar month following the end of the calendar year or Fiscal Year with or within which the particular Limitation Year ends.

4.5 PLAN-TO-PLAN TRANSFERS (OTHER THAN ROLLOVERS) FROM DEFINED CONTRIBUTION QUALIFIED PLANS

(a) Transfers into this Plan. With the consent of the Administrator (such consent must be exercised in a nondiscriminatory manner and applied uniformly to all Participants), amounts may be transferred (within the meaning of Code §414(l)) to this Plan from other tax qualified plans under Code §401(a), provided that the plan from which such funds are transferred permits the transfer to be made, the funds are not subject to the notice and consent requirements of Code §417 (i.e., qualified joint and survivor annuity requirements), and the transfer will not jeopardize the tax exempt status of the Plan or Trust or create adverse tax consequences for the Employer (e.g., the transfer conforms to the provisions of Regulation §1.411(d)-4). Prior to accepting any transfers to which this Section applies, the Administrator may require satisfactory evidence that the amounts to be transferred meet the requirements of this Section. The transferred amounts shall be allocated to the Transfer Account of the Participant.

At the time of the transfer, the nonforfeitable percentage of the funds under the transferor plan shall apply, but thereafter

shall increase (if applicable) for each Year of Service that the Participant completes after such transfer in accordance with the Vesting provisions of this Plan applicable to the type of Account represented by the transferred funds (e.g., transferred nonelective funds will be subject to the vesting schedule applicable to Nonelective Contributions under this Plan). If the vesting schedule applicable to a Transferred Account changes as a result of this paragraph, such change will be treated as an amendment to the vesting schedule for each affected Participant.

(b) Accounting of transfers. The Transfer Account of a Participant shall be held by the Trustee pursuant to the provisions of this Plan and may not be withdrawn by, or distributed to the Participant, in whole or in part, except as provided in paragraph (d) of this Section. The Trustee shall have no duty or responsibility to inquire as to the propriety of the amount, value or type of assets transferred, nor to conduct any due diligence with respect to such assets; provided, however, that such assets are otherwise eligible to be held by the Trustee under the terms of this Plan. (c) Restrictions on elective deferrals. Except as permitted by regulations (including Regulation §1.411(d)-4), amounts attributable to elective deferrals (as defined in Regulation §1.401(k)-6) that are transferred from another qualified plan in a plan-to-plan transfer (other than a direct rollover) shall be subject to the distribution limitations provided for in Code §401(k)(2) and the Regulations.

(d) Distribution of Transfer Account. At Normal Retirement Date, or such other date when the Participant or the Participant's Beneficiary shall be entitled to receive benefits, the Transfer Account of a Participant shall be used to provide additional benefits to the Participant or the Participant's Beneficiary. Any distributions of amounts held in the Transfer Account shall be made in a manner which is consistent with and satisfies the provisions of Sections 6.5 and 6.6, including, but not limited to, all notice and consent requirements of Code § 411(a)(11) and the Regulations thereunder. Furthermore, the Transfer Account shall be

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considered as part of a Participant's benefit in determining whether an involuntary cash-out of benefits may be made without Participant consent. (e) Segregation. The Administrator may direct that Employee transfers made after a Valuation Date be segregated into a separate account for each Participant until such time as the allocations pursuant to this Plan have been made, at which time they may remain segregated or be invested as part of the general Trust Fund or be directed by the Participant pursuant to Section 4.6.

(f) Protected benefits. Notwithstanding anything herein to the contrary, a transfer directly to this Plan from another qualified plan (or a transaction having the effect of such a transfer) may not result in the impermissible elimination or reduction of any "Section 411(d)(6) protected benefit" (as described in Section 8.1(e)). (g) Separate Accounts. With respect to each Participant's Transfer Account, separate sub-accounts shall be maintained to the extent necessary to carry out the provisions of this Plan.

4.6 PARTICIPANT DIRECTED INVESTMENTS

(a) Directed investments allowed. Participants may, subject to a procedure established by the Administrator (the Participant Direction Procedures) and applied in a uniform nondiscriminatory manner, direct the Trustee, in writing (or in such other form which is acceptable to the Trustee), to invest their entire NonElective Contribution Accounts in specific assets, specific funds or other investments permitted under the Plan and the Participant Direction Procedures. That portion of the interest of any Participant so directing will thereupon be considered a Participant's Directed Account.

The Participant’s Social Security Replacement Contribution account will not be subject to Participant direction.

(b) Establishment of Participant Direction Procedures. The Administrator will establish Participant Direction Procedures, to be applied in a uniform and nondiscriminatory manner, setting forth the permissible investment options under this Section, how often changes between investments may be made, and any other limitations and provisions that the Administrator may impose on a Participant's right to direct investments. (c) Administrative discretion. The Administrator may, in its discretion, include or exclude by amendment or other action from the Participant Direction Procedures such instructions, guidelines or policies as it deems necessary or appropriate to ensure proper administration of the Plan, and may interpret the same accordingly.

(d) Allocation of earnings. As of each Valuation Date, all Participant Directed Accounts shall be charged or credited with the net earnings, gains, losses and expenses as well as any appreciation or depreciation in the market value using publicly listed fair market values when available or appropriate as follows:

(1) to the extent that the assets in a Participant's Directed Account are accounted for as pooled assets or investments, the allocation of earnings, gains and losses of each Participant's Directed Account shall be based upon the total amount of funds so invested in a manner proportionate to the Participant's share of such pooled investment; and

(2) to the extent that the assets in the Participant's Directed Account are accounted for as segregated assets, the allocation of earnings, gains and losses from such assets shall be made on a separate and distinct basis.

(e) Plan will follow investment directions. Investment directions will be processed as soon as administratively practicable after proper investment directions are received from the Participant. No guarantee is made by the Plan, Employer, Administrator or Trustee that investment directions will be processed on a daily basis, and no guarantee is made in any respect regarding the processing time of an investment direction. Notwithstanding any other provision of the Plan, the Employer, Administrator or any discretionary Trustee reserves the right to not value an investment option on any given Valuation Date for any reason deemed appropriate by the Employer, Administrator or discretionary Trustee. Furthermore, the processing of any investment transaction may be delayed for any legitimate business reason or force majeure (including, but not limited to, failure of systems or computer programs, failure of the means of the transmission of data, the failure of a service provider to timely receive values or prices, and correction for errors or omissions or the errors or omissions of any service provider). The processing date of a transaction will be binding for all purposes of the Plan and considered the applicable Valuation Date for an investment transaction.

(f) Other documents. Any information regarding investments available under the Plan, to the extent not required to be described in the Participant Direction Procedures, may be provided to the Participant in one or more written documents (or in any other form including, but not limited to, electronic media) which are separate from the Participant Direction Procedures and are not thereby incorporated by reference into this Plan.

ARTICLE V

VALUATIONS 5.1 VALUATION OF THE TRUST FUND

The Administrator shall direct the Trustee, as of each Valuation Date, to determine the net worth of the assets comprising the Trust Fund as it exists on the Valuation Date. In determining such net worth, the Trustee shall value the assets comprising the Trust Fund at their fair market value as of the Valuation Date and may deduct (when applicable) all expenses for which the Trustee has not yet been paid by the Employer or the Trust Fund. The Trustee may update the value of any shares held in the Participant Directed Account by reference to the number of shares held by that Participant, priced at the market value as of the Valuation Date.

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5.2 METHOD OF VALUATION

In determining the fair market value of securities held in the Trust Fund which are listed on a registered stock exchange, the Administrator shall direct the Trustee to value the same at the prices they were last traded on such exchange preceding the close of business on the Valuation Date. If such securities were not traded on the Valuation Date, or if the exchange on which they are traded was not open for business on the Valuation Date, then the securities shall be valued at the prices at which they were last traded prior to the Valuation Date. Any unlisted security held in the Trust Fund shall be valued at its bid price next preceding the close of business on the Valuation Date, which bid price shall be obtained from a registered broker or an investment banker. In determining the fair market value of assets other than securities for which trading or bid prices can be obtained, the Trustee, if a discretionary Trustee, may appraise such assets itself, or in its discretion, employ one or more appraisers for that purpose and rely on the values established by such appraiser or appraisers.

ARTICLE VI DETERMINATION AND DISTRIBUTION OF BENEFITS

6.1 DETERMINATION OF BENEFITS UPON RETIREMENT

(a) Normal Retirement. Every Participant may terminate employment with the Employer and retire for the purposes hereof on the Participant's Normal Retirement Date. However, a Participant may postpone the termination of employment with the Employer to a later date, in which event the participation of such Participant in the Plan, including the right to receive allocations pursuant to Section 4.3, shall continue until such Participant's Late Retirement Date. Upon a Participant's Retirement Date, or as soon thereafter as is practicable, the Administrator shall direct the distribution, at the election of the Participant, of the Participant's interest in the Plan (or any portion thereof), in accordance with Section 6.5.

6.2 DETERMINATION OF BENEFITS UPON DEATH

(a) Distribution upon death. Upon the death of a Participant before the Participant's Retirement Date or other termination of employment, the Administrator shall direct, in accordance with the provisions of Sections 6.6 and 6.7, the distribution of all amounts credited to such Participant's Account to the Participant's Beneficiary.

(b) Determination of death benefit by Administrator. The Administrator may require such proper proof of death and such evidence of the right of any person to receive payment of the value of the account of a deceased Participant as the Administrator may deem desirable. The Administrator's determination of death and of the right of any person to receive payment shall be conclusive.

(c) Beneficiary designation. The Beneficiary of the death benefit payable pursuant to this Section shall be made on a form satisfactory to the Administrator. A Participant may at any time revoke a designation of a Beneficiary or change a Beneficiary by filing written notice (or in such other form as permitted by the Internal Revenue Service) of such revocation or change with the Administrator.

(d) Beneficiary if no beneficiary elected by Participant. In the event no valid designation of Beneficiary exists with respect to all or a portion of the death benefit, or if the Beneficiary of such death benefit is not alive at the time of the Participant's death and no contingent Beneficiary has been designated, then to the extent that such death benefit is not automatically payable to the surviving Spouse in accordance with the other provisions of this Section, such death benefit will be paid in the following order of priority to:

(1) the Participant's surviving Spouse; (2) the Participant's issue, including adopted children, per stirpes; (3) the Participant's surviving parents, in equal shares; or (4) the Participant's estate.

If the Beneficiary does not predecease the Participant, but dies prior to distribution of the death benefit, the death benefit will

be paid to the Beneficiary's designated Beneficiary (or there is no designated Beneficiary, to the Beneficiary's estate).

(e) Divorce revokes spousal beneficiary designation. Notwithstanding anything in this Section to the contrary, if a Participant has designated the Spouse as a Beneficiary, then a divorce decree that relates to such Spouse shall revoke the Participant's designation of the Spouse as a Beneficiary unless the decree or a eligible domestic relations order (within the meaning of Applicable law) provides otherwise or a subsequent beneficiary designation is made.

(f) Death Benefits for Qualified Military Service. In the case of a death occurring on or after January 1, 2007, if a Participant dies while performing Qualified Military Service, the Participant's Beneficiary is entitled to any additional benefits (including any ancillary life insurance or other survivor benefits that would have been provided under the Plan) as if the Participant had resumed employment and then terminated employment on account of death. Moreover, the Plan will credit the Participant's Qualified Military Service as service for vesting purposes as though the Participant had resumed employment under USERRA immediately prior to the Participant's death.

(h) Simultaneous Death of Participant and Beneficiary. If a Participant and his or her Beneficiary should die simultaneously, or under circumstances that render it difficult or impossible to determine who predeceased the other, then unless the Participant's

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Beneficiary designation otherwise specifies, the Administrator will presume conclusively that the Beneficiary predeceased the Participant. (i) Slayer statute. The Administrator may apply slayer statutes, or similar rules which prohibit inheritance by a person whom he or she stands to inherit, under applicable state laws without regard to federal pre-emption of such state laws.

6.3 DISABILITY RETIREMENT BENEFITS

(a) Disability Benefits. No disability benefits, other than those payable upon termination of employment, are provided in this Plan.

6.4 DETERMINATION OF BENEFITS UPON TERMINATION

(a) Payment on termination of employment. If a Participant's employment with the Employer is terminated for any reason other than death or attainment of the Participant's Retirement Date, then such Participant shall be entitled to such benefits as are provided hereinafter pursuant to this Section 6.4.

Distribution of the funds due to a Terminated Participant shall be made on the occurrence of an event which would result in

a distributable event had the Terminated Participant remained in the employ of the Employer (upon the Participant's death or Normal Retirement). However, at the election of the Participant, the Administrator shall direct the distribution of the entire Vested portion of the Terminated Participant's Account be payable to such Terminated Participant as soon as administratively feasible after termination of employment. Any distribution under this paragraph shall be made in a manner which is consistent with and satisfies the provisions of Section 6.5, including, but not limited to, all notice and consent requirements of Code § 411(a)(11) and the Regulations thereunder.

(b) Full vesting. A Participant shall be fully Vested immediately upon entry into the Plan.

(c) Vesting of employer contributions upon amendment. The computation of a Participant's nonforfeitable percentage of the Participant's Account attributable to Employer contributions shall not be reduced as the result of any direct or indirect amendment to this Plan.

In the event that the Plan is amended to change the vesting schedule of the Participant's Account (or any portion of such

Account), or if the Plan is amended in any way that directly or indirectly affects the computation of the Participant's nonforfeitable percentage of the Participant's Account (or any portion of such Account), then each Participant shall vest in accordance with the greater of the vested percentage (based on the Participant's service credit at the time of such determination) determined under the pre-amendment schedule or the vested percentage (for the same duration of service) determined under the post-amendment schedule.

6.5 DISTRIBUTION OF BENEFITS

(a) The Administrator, pursuant to the election of the Participant, shall direct the Trustee to distribute to a Participant or such Participant's Beneficiary the amount (if any) to which the Participant (or Beneficiary) has become entitled under the Plan in one lump-sum payment in cash.

6.6 DISTRIBUTION OF BENEFITS UPON DEATH

(a) The death benefit payable pursuant to Section 6.2 shall be paid to the Participant's Beneficiary in one lump-sum payment in cash subject to the rules of Section 6.8.

(b) Notwithstanding any provision in the Plan to the contrary, distributions upon the death of a Participant shall comply with the requirements of Section 6.8.

6.7 LATEST TIME OF DISTRIBUTION

Except as limited by Section 6.8, whenever a distribution is to be made, or a series of payments are to commence, the distribution or series of payments may be made or begun as soon as practicable. Notwithstanding anything in the Plan to the contrary, unless a Participant otherwise elects, payments of benefits under the Plan will begin not later than the sixtieth (60th) day after the close of the Plan Year in which the latest of the following events occurs: (a) the date on which the Participant attains the earlier of age 65 or the Normal Retirement Age specified herein; (b) the tenth (10th) anniversary of the year in which the Participant commenced participation in the Plan; or (c) the date the Participant terminates service with the Employer. The failure of a Participant and, if applicable, the Participant's Spouse, to request a distribution shall be deemed to be an election to defer the commencement of payment of any benefit until the time otherwise permitted under the Plan.

Notwithstanding the foregoing, the failure of a Participant to consent to a distribution that is immediately distributable (within the meaning of Section 6.5), shall be deemed to be an election to defer the commencement of payment of any benefit sufficient to satisfy this Section.

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6.8 REQUIRED MINIMUM DISTRIBUTIONS

(a) General Rules

(1) Precedence. The requirements of this Section shall apply to any distribution of a Participant's interest in the Plan and take precedence over any inconsistent provisions of the Plan. (2) Requirements of Treasury Regulations Incorporated. All distributions required under this Section will be determined and made in accordance with the Regulations under Code §401(a)(9) and the minimum distribution incidental benefit requirement of Code §401(a)(9)(G).

(b) Time and manner of distribution

(1) Required beginning date. The Participant's entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant's required beginning date.

(2) Death of Participant before distributions begin. If the Participant dies before distributions begin, the Participant's entire death benefit will be distributed, or begin to be distributed, as follows:

(i) If the Participant or Beneficiary elects, distributions to the designated beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or, if the Participant's surviving Spouse is the Participant's designated beneficiary, by December 31 of the calendar year in which the Participant would have attained age 70 1/2, if later. Alternatively, the Participant or Beneficiary may elect to have distribution of the Participant's death benefit be completed by the December 31 of the calendar year containing the fifth anniversary of the Participant's death. In the absence of any election (including the failure to commence required minimum distributions described by this Section by the December 31 of the calendar year immediately following the calendar year in which the Participant died), distribution of the Participant's death benefit shall be completed by December 31 of the calendar year containing the fifth anniversary of the Participant's death.

(ii) If there is no beneficiary as of September 30 of the year following the year of the Participant's death, the distribution of the Participant's death benefit will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant's death.

(iii) If the Participant's surviving Spouse is the Participant's sole designated beneficiary and the surviving Spouse dies after the Participant but before distributions to the surviving Spouse begin, this Section 6.8(b), other than this paragraph, will apply as if the surviving Spouse were the Participant. Thus, in all such cases, the time at which distributions must commence (or be completed by) shall be determined solely by reference to the year that the Participant died, and not the year in which the Participant would have attained age 70 1/2.

For purposes of this Section 6.8(b), unless a surviving Spouse is electing to commence benefits based upon the date

that the Participant would have attained age 70 1/2, distributions are considered to begin on the Participant's required beginning date. If the surviving Spouse election applies, distributions are considered to begin on the date distributions are required to begin to the surviving Spouse under Section 6.8(b).

(3) Forms of distribution. Unless the Participant's interest is distributed in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with Sections 6.8(c) and 6.8(d). All distributions under this Section shall be made in a manner which is consistent with and satisfies the provisions of Sections 6.5 and 6.6, including, but not limited to, all notice and consent requirements of Code § 411(a)(11) and the Regulations thereunder.

(c) Required minimum distributions during Participant's lifetime

(1) Amount of required minimum distribution for each distribution calendar year. During the Participant's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:

(i) the quotient obtained by dividing the Participant's Account balance by the distribution period in the Uniform Lifetime Table set forth in Regulation §1.401(a)(9)-9, using the Participant's age as of the Participant's birthday in the distribution calendar year; or

(ii) if the Participant's sole designated beneficiary for the distribution calendar year is the Participant's Spouse and the Spouse is more than 10 years younger than the Participant, the quotient obtained by dividing the Participant's Account balance by the number in the Joint and Last Survivor Table set forth in Regulation §1.401(a)(9)-9, using the Participant's and Spouse's attained ages as of the Participant's and Spouse's birthdays in the distribution calendar year.

(2) Lifetime required minimum distributions continue through year of Participant's death. Required minimum distributions will be determined under this Section 6.8(c) beginning with the first distribution calendar year and up to and including the distribution calendar year that includes the Participant's date of death.

(d) Required minimum distributions after Participant's death

(1) Death on or after date distributions begin.

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(i) Participant survived by designated beneficiary. If the Participant dies on or after the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant's death is the quotient obtained by dividing the Participant's Account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant's designated beneficiary, determined as follows:

(A) The Participant's remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. (B) If the Participant's surviving Spouse is the Participant's sole designated beneficiary, the remaining life expectancy of the surviving Spouse is calculated for each distribution calendar year after the year of the Participant's death using the surviving Spouse's age as of the Spouse's birthday in that year. For distribution calendar years after the year of the surviving Spouse's death, the remaining life expectancy of the surviving Spouse is calculated using the age of the surviving Spouse as of the Spouse's birthday in the calendar year of the Spouse's death, reduced by one for each subsequent calendar year.

(C) If the Participant's surviving Spouse is not the Participant's sole designated beneficiary, the designated beneficiary's remaining life expectancy is calculated using the age of the beneficiary in the year following the year of the Participant's death, reduced by one for each subsequent year.

(ii) No designated beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant's death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant's death is the quotient obtained by dividing the Participant's Account balance by the Participant's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

(2) Death before date distributions begin.

(i) Participant survived by designated beneficiary. Except as provided in Section 6.8(b)(3), if the Participant dies before the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant's death is the quotient obtained by dividing the Participant's Account balance by the remaining life expectancy of the Participant's designated beneficiary, determined as provided in Section 6.8(d)(1).

(ii) No designated beneficiary. If the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant's death, distribution of the Participant's entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant's death.

(iii) Death of surviving Spouse before distributions to surviving Spouse are required to begin. If the Participant dies before the date distributions begin, the Participant's surviving Spouse is the Participant's sole designated beneficiary, and the surviving Spouse dies before distributions are required to begin to the surviving Spouse under Section 6.8(b)(2), this Section 6.8(d)(2) will apply as if the surviving Spouse were the Participant.

(e) Definitions. For purposes of this Section, the following definitions apply:

(1) "Designated beneficiary" means the individual who is designated as the Beneficiary under the Plan and is the designated beneficiary under Code §401(a)(9) and Regulation §1.401(a)(9)-4, Q&A-4.

(2) "Distribution calendar year" means a calendar year for which a minimum distribution is required. For distributions beginning before the Participant's death, the first distribution calendar year is the calendar year immediately preceding the calendar year which contains the Participant's "required beginning date." For distributions beginning after the Participant's death, the first distribution calendar year is the calendar year in which distributions are required to begin under Section 6.8(b). The required minimum distribution for the Participant's first distribution calendar year will be made on or before the Participant's "required beginning date." The required minimum distribution for other distribution calendar years, including the required minimum distribution for the distribution calendar year in which the Participant's "required beginning date" occurs, will be made on or before December 31 of that distribution calendar year.

(3) "Life expectancy" means the life expectancy as computed by use of the Single Life Table in Regulation §1.401(a)(9)-9, Q&A-1. (4) "Participant's account balance" means the "Participant's account balance" as of the last Valuation Date in the calendar year immediately preceding the Distribution calendar year (valuation calendar year) increased by the amount of any contributions made and allocated or Forfeitures allocated to the account balance as of dates in the valuation calendar year after the Valuation Date and decreased by distributions made in the valuation calendar year after the Valuation Date. For this purpose, the Administrator may exclude contributions that are allocated to the account balance as of dates in the valuation calendar year after the Valuation Date, but that are not actually made during the valuation calendar year. The account balance for the valuation calendar year includes any amounts rolled over or transferred to the Plan either in the valuation calendar year or in the Distribution calendar year if distributed or transferred in the valuation calendar year.

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(5) "Required beginning date" means, with respect to any Participant, April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 or the calendar year in which the Participant retires, except that benefit distributions to a 5-percent owner must commence by April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2.

(6) "5-percent owner" means a Participant who is a 5-percent owner as defined in Code §416 at any time during the Plan Year ending with or within the calendar year in which such owner attains age 70 1/2. Once distributions have begun to a 5-percent owner under this Section they must continue to be distributed, even if the Participant ceases to be a 5-percent owner in a subsequent year.

6.9 DISTRIBUTION FOR MINOR OR INCOMPETENT INDIVIDUAL

If, in the opinion of the Administrator, a Participant or Beneficiary entitled to a distribution is not able to care for his or her affairs because of a mental condition, a physical condition, or by reason of age, then the Administrator shall direct the distribution to the Participant's or Beneficiary's guardian, conservator, trustee, custodian (including under a Uniform Transfers or Gifts to Minors Act) or to his or her attorney-in-fact or to other legal representative, upon furnishing evidence of such status satisfactory to the Administrator. The Administrator and the Trustee do not have any liability with respect to payments so made and neither the Administrator nor the Trustee (or Insurer) has any duty to make inquiry as to the competence of any person entitled to receive payments under the Plan. 6.10 LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN

In the event that all, or any portion, of the distribution payable to a Participant or Beneficiary hereunder shall, at the later of the Participant's attainment of age 62 or Normal Retirement Age, remain unpaid solely by reason of the inability of the Administrator to ascertain the whereabouts of such Participant or Beneficiary, the amount so distributable may, in the sole discretion of the Administrator, either be treated as a Forfeiture pursuant to the Plan or be paid directly to an individual retirement account described in Code §408(a) or an individual retirement annuity described in Code §408(b). In addition, if the Plan provides for mandatory distributions and the amount to be distributed to a Participant or Beneficiary does not exceed $1,000, then the amount distributable may, in the sole discretion of the Administrator, either be treated as a Forfeiture, or be paid directly to an individual retirement account described in Code §408(a) or an individual retirement annuity described in Code §408(b) at the time it is determined that the whereabouts of the Participant or the Participant's Beneficiary cannot be ascertained. In the event a Participant or Beneficiary is located subsequent to the Forfeiture, such benefit shall be restored, first from Forfeitures, if any, and then from an additional Employer contribution if necessary. Upon Plan termination, the portion of the distributable amount that is an eligible rollover distribution as defined in Plan Section 6.13 may be paid directly to an individual retirement account described in Code §408(a) or an individual retirement annuity described in Code §408(b) (consistent with the requirements of Section 8.2). However, regardless of the preceding, a benefit that is lost by reason of escheat under applicable state law is not treated as a Forfeiture for purposes of this Section nor as an impermissible forfeiture under the Code. 6.11 IN-SERVICE DISTRIBUTION OF EMPLOYER CONTRIBUTIONS

(a) Distributions Upon Deemed Severance. The Plan permits distributions upon a deemed severance of employment. Except with respect to amounts described by Section 6.14, severance from employment is deemed to occur if a Participant performs service in the uniformed services (as defined in Code §414(u)(12)(B)) on active duty for a period of more than 30 days, even if the Participant is receiving Military Differential Pay. However, the Plan will not distribute such Participant's Account on account of this deemed severance unless the Participant specifically elects to receive a benefit distribution hereunder.

6.12 ELIGIBLE DOMESTIC RELATIONS ORDER DISTRIBUTION

All benefits provided to a Participant in this Plan shall be subject to the rights afforded to any Alternate Payee under a eligible domestic relations order. Furthermore, a distribution to an Alternate Payee shall be permitted if such distribution is authorized by a eligible domestic relations order, even if the affected Participant has not separated from service and has not reached the earliest retirement age. For the purposes of this Section, the terms "eligible domestic relations order" and "earliest retirement age" shall have the meaning ascribed under applicable law.

A domestic relations order that otherwise satisfies the requirements for a eligible domestic relations order ("EDRO") will not fail to be a EDRO: (i) solely because the order is issued after, or revises, another domestic relations order or EDRO; or (ii) solely because the order is issued after the Participant's death. 6.13 DIRECT ROLLOVER

(a) Right to direct rollover. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this Section, a distributee may elect, at the time and in the manner prescribed by the Administrator, to have all or only a portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover. However, if less than the entire amount of an eligible rollover distribution is paid directly to an eligible retirement plan, the minimum partial rollover must equal at least $500.

(b) Definitions. For purposes of this Section the following definitions shall apply:

(1) Eligible rollover distribution. An "eligible rollover distribution" means any distribution described in Code §402(c)(4) and generally includes any distribution of all or any portion of the balance to the credit of the distributee, except that an eligible rollover distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the distributee or the joint lives (or joint life

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expectancies) of the distributee and the distributee's Designated Beneficiary, or for a specified period of ten (10) years or more; any distribution to the extent such distribution is required under Code §401(a)(9); the portion of any other distribution(s) that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities); and any other distribution reasonably expected to total less than $200 during a year.

(2) Eligible retirement plan. An "eligible retirement plan" is an individual retirement account described in Code §408(a), an individual retirement annuity described in Code §408(b), (other than an endowment contract), a qualified trust (an employees' trust) described in Code §401(a) which is exempt from tax under Code §501(a) and which agrees to separately account for amounts transferred into such plan from this Plan, an annuity plan described in Code §403(a), an eligible deferred compensation plan described in Code §457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality thereof which agrees to separately account for amounts transferred into such plan from this Plan, and an annuity contract described in Code §403(b) that accepts the distributee's eligible rollover distribution. The definition of eligible retirement plan shall also apply in the case of a distribution to a surviving Spouse, or to a Spouse or former Spouse who is an Alternate Payee. In the case of a "distributee" who is a non-Spouse designated beneficiary, (1) the direct rollover may be made only to a traditional or Roth individual retirement account that is established on behalf of the designated non-Spouse beneficiary for the purpose of receiving that distribution and that will be treated as an inherited IRA pursuant to the provisions of Code §402(c)(11), and (2) the determination of any required minimum distribution required under Code §401(a)(9) that is ineligible for rollover shall be made in accordance with IRS Notice 2007-7, Q&A 17 and 18. Roth IRA rollover. A Participant may elect to roll over directly an eligible rollover distribution to a Roth IRA described in Code §408A(b).

(3) Distributee. A "distributee" includes an Employee or Former Employee. In addition, the Employee's or Former Employee's surviving Spouse and the Employee's or Former Employee's Spouse or former Spouse who is an Alternate Payee, are distributees with regard to the interest of the Spouse or former Spouse. (4) Direct rollover. A "direct rollover" is a payment by the Plan to the "eligible retirement plan" specified by the distributee.

(c) Non-Spouse Beneficiary Rollover. A non-Spouse Beneficiary who is a "designated beneficiary" under Code §401(a)(9)(E) and the Regulations thereunder, by a direct trustee-to-trustee transfer ("direct rollover"), may roll over all or any portion of his or her distribution to an individual retirement account the beneficiary establishes for purposes of receiving the distribution. In order to be able to roll over the distribution, the distribution otherwise must be an "eligible rollover distribution."

(1) Certain requirements not applicable. Any distribution made prior to January 1, 2010 is not subject to the "direct rollover" requirements of Code §401(a)(31) (including Code §401(a)(31)(B)), the notice requirements of Code §402(f) or the mandatory withholding requirements of Code §3405(c)). (2) Trust Beneficiary. If the Participant's named Beneficiary is a trust, the Plan may make a direct rollover to an IRA on behalf of the trust, provided the trust satisfies the requirements to be a "designated Beneficiary."

(d) Participant Notice. A Participant entitled to an eligible rollover distribution must receive a written explanation of his/her right to a direct rollover, the tax consequences of not making a direct rollover, and, if applicable, any available special income tax elections. The notice must be provided no less than thirty (30) days and no more than 180 days (90 days for Plan Years beginning before January 1, 2007) before such distribution. The direct rollover notice must be provided to all Participants, unless the total amount the Participant will receive as a distribution during the calendar year is expected to be less than $200.

6.14 RESTRICTIONS ON DISTRIBUTIONS OF ASSETS TRANSFERRED FROM A MONEY PURCHASE PLAN

Notwithstanding any provision of this Plan to the contrary, to the extent that any optional form of benefit under this Plan permits a distribution prior to the Employee's attainment of Normal Retirement Age, death, disability, or severance from employment, and prior to Plan termination, the optional form of benefit is not available with respect to benefits attributable to assets (including the post-transfer earnings thereon) and liabilities that are transferred, within the meaning of Code §414(l), to this Plan from a money purchase pension plan qualified under Code §401(a) (other than any portion of those assets and liabilities attributable to after-tax voluntary employee contributions or to a direct or indirect rollover contribution). 6.15 CORRECTIVE DISTRIBUTIONS

Nothing in this Article shall preclude the Administrator from making a distribution to a Participant, to the extent such distribution is made to correct a qualification defect in accordance with Section 9.12.

ARTICLE VII AMENDMENT, TERMINATION AND MERGERS

7.1 AMENDMENT

(a) General rule on Employer amendment. The Employer shall have the right at any time to amend this Plan, subject to the limitations of this Section. However, any amendment which affects the rights, duties or responsibilities of the Trustee or Administrator may only be made with the Trustee's or Administrator's written consent. Any such amendment shall become effective as provided therein upon its execution. The Trustee shall not be required to execute any such amendment unless the amendment affects the duties of the Trustee hereunder.

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(b) Permissible amendments without affecting reliance. The Employer may make the modifications described below without affecting reliance on the terms of the Plan. An Employer that amends the Plan for any other reason may not rely on the advisory letter that the terms of the Plan meet the qualification requirements of the Code. Permitted changes include: adding options permitted by the Plan; adding or deleting provisions that are optional under the volume submitter specimen plan; changing effective dates within the parameters of the volume submitter specimen plan; adding a list of benefits that must be preserved as protected benefits within the meaning of Code §411(d)(6) and the Regulations thereunder; amending provisions dealing with the administration of the Trust; a change to the name of the Plan, Employer, Trustee, Custodian, Administrator or any other fiduciary; the Plan Year; the Limitation Year (subject to the provisions of Section 1.33; amendments to conform to the requirements of Act Section 402(a) (relating to named fiduciaries), Act Section 503 (relating to claims procedures), or DOL Field Assistance Bulletin 2008-01 (relating to the duty to collect delinquent contributions); amendments to adjust the limitations under Code §§ 415, 402(g), 401(a)(17) and 414(q)(1)(B) to reflect annual cost-of-living increases; and any sample or model amendment published by the IRS (or other required good-faith amendments) which specifically provide that their adoption will not cause the plan to be treated as an individually designed plan.

(c) Sponsoring practitioner amendments. The Employer (and every Participating Employer) expressly delegates authority to the sponsoring organization of this Volume Submitter Plan (i.e., the "volume submitter practitioner") the right to amend the Plan by submitting a copy of the amendment to each Employer (and Participating Employer) who has adopted this Volume Submitter Plan, after first having received a ruling or favorable determination from the Internal Revenue Service that the Volume Submitter Plan as amended qualifies under Code §401(a) (unless a ruling or determination is not required by the IRS). However, the volume submitter practitioner shall cease to have the authority to amend on behalf of an Employer that adopts an impermissible plan type or impermissible plan provision (as described in Section 24.03 of IRS Revenue Procedure 2011-49 and any subsequent guidance). The volume submitter practitioner will maintain a record of the Employers that have adopted the Plan, and the practitioner will make reasonable and diligent efforts to ensure that adopting Employers adopt new documents when necessary. This subsection supersedes other provisions of the Plan to the extent those other provisions are inconsistent with this subsection.

(d) Impermissible amendments. No amendment to the Plan shall be effective if it authorizes or permits any part of the Trust Fund (other than such part as is required to pay taxes and administration expenses) to be used for or diverted to any purpose other than for the exclusive benefit of the Participants or their Beneficiaries or estates, or causes any reduction in the amount credited to the account of any Participant, or causes or permits any portion of the Trust Fund to revert to or become property of the Employer.

(e) Anti-cutback restrictions. Except as permitted by applicable law, no Plan amendment or transaction having the effect of a Plan amendment (such as a merger, plan transfer or similar transaction) shall be effective if it eliminates or reduces any protected benefit or adds or modifies conditions relating to protected benefits which results in a further restriction on such benefits unless such protected benefits are preserved in operation with respect to benefits accrued as of the later of the adoption date or effective date of the amendment in accordance with applicable law. The term protected benefits shall have the meaning ascribed to it under applicable law. An amendment which has the effect of decreasing a Participant's Account balance with respect to benefits attributable to service before the amendment shall be treated as reducing an accrued benefit. The preceding shall not apply to a Plan amendment that eliminates or restricts the ability of a Participant to receive payment of his or her Account under a particular optional form of benefit if the amendment provides a single-sum distribution form that is otherwise identical to the optional form of benefit being eliminated or restricted. For this purpose, a single-sum distribution form is otherwise identical only if the single-sum distribution form is identical in all respects to the eliminated or restricted optional form of benefit (or would be identical except that it provides greater rights to the Participant) except with respect to the timing of payments after commencement.

7.2 TERMINATION

(a) Termination of Plan. The Employer shall have the right at any time to terminate the Plan by delivering to the Trustee and Administrator written notice of such termination. Upon any full or partial termination, all amounts credited to the affected Participants' Accounts shall become 100% Vested as provided in Section 6.4 and shall not thereafter be subject to forfeiture.

(b) Distribution of assets. Upon the full termination of the Plan, the Employer shall direct the distribution of the assets of the Plan to Participants in a manner which is consistent with the provisions of Section 6.5 except that no Participant or spousal consent is required. Distributions to a Participant shall be made in cash or through the purchase of irrevocable nontransferable deferred commitments from an insurer. Except as permitted by Regulations, the termination of the Plan shall not result in the reduction of Section 411(d)(6) protected benefits in accordance with Section 8.1(e).

(c) Abandoned plan. If the Employer, in accordance with DOL guidance, abandons the Plan, then the Trustee or other party permitted to take action as a qualified terminal administrator, may terminate the Plan in accordance with applicable IRS regulations and other guidance.

7.3 MERGER, CONSOLIDATION OR TRANSFER OF ASSETS

This Plan may be merged or consolidated with, or its assets and/or liabilities may be transferred to any other plan and trust, only if the benefits which would be received by a Participant of this Plan, in the event of a termination of the Plan immediately after such transfer, merger or consolidation, are at least equal to the benefits the Participant would have received if the Plan had terminated immediately before the transfer, merger or consolidation, and such transfer, merger or consolidation does not otherwise result in the elimination or reduction of any Section 411(d)(6) protected benefits in accordance with Section 8.1(e).

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ARTICLE VII MISCELLANEOUS

8.1 PARTICIPANT'S RIGHTS

This Plan shall not be deemed to constitute a contract between the Employer and any Participant or to be a consideration or an inducement for the employment of any Participant or Employee. Nothing contained in this Plan shall be deemed to give any Participant or Employee the right to be retained in the service of the Employer or to interfere with the right of the Employer to discharge any Participant or Employee at any time regardless of the effect which such discharge shall have upon the Employee as a Participant of this Plan. 8.2 ALIENATION OF BENEFITS

(a) General rule. Subject to the exceptions provided below, and as otherwise permitted by the Code, no benefit which shall be payable to any person (including a Participant or the Participant's Beneficiary) shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, or charge the same shall be void; and no such benefit shall in any manner be liable for, or subject to, the debts, contracts, liabilities, engagements, or torts of any such person, nor shall it be subject to attachment or legal process for or against such person, and the same shall not be recognized, except to such extent as may be required by law.

(b) Exception for EDRO. Subsection (a) shall not apply to an eligible domestic relations order defined under applicable law. The Administrator shall establish a written procedure to determine the eligible status of domestic relations orders and to administer distributions under such eligible orders. Further, to the extent provided under an eligible domestic relations order, a former Spouse of a Participant shall be treated as the Spouse or surviving Spouse for all purposes under the Plan. (c) Exception for certain debts to Plan. Subsection (a) shall not apply to an offset to a Participant's accrued benefit against an amount that the Participant is ordered or required to pay the Plan with respect to a judgment, order, or decree issued, or a settlement entered into in accordance with Code §§401(a)(13)(C) and (D).

8.3 PLAN COMMUNICATIONS, INTERPRETATION AND CONSTRUCTION

(a) Applicable laws. This Plan and Trust shall be construed and enforced according to the Code and the laws of the State of Nevada, other than its laws respecting choice of law, to the extent not preempted by federal law. (b) Single subsections. This Plan and Trust may contain single subsections. The existence of such single subsections shall not constitute scrivener's errors.

(c) Separate Accounts. Unless otherwise specified by a particular provision, the term "separate account" does not require a separate fund, only a notational entry in a recordkeeping system.

(d) Headings. The headings and subheadings of this Plan have been inserted for convenience of reference and are to be ignored in any construction of the provisions hereof. (e) Masculine and feminine. Wherever any words are used herein in the masculine, feminine or neuter gender, they shall be construed as though they were also used in another gender in all cases where they would so apply. (f) Singular and plural. Whenever any words are used herein in the singular or plural form, they shall be construed as though they were also used in the other form in all cases where they would so apply. (g) Tense. Whenever any words are used herein in the past or present tense, they shall be construed as though they were also used in the other form in all cases where they would so apply. (h) Administrator's discretion. The Administrator has total and complete discretion to interpret and construe the Plan and to determine all questions arising in the administration, interpretation and application of the Plan. Any determination the Administrator makes under the Plan is final and binding upon any affected person. The Administrator must exercise all of its Plan powers and discretion, and perform all of its duties in a uniform and nondiscriminatory manner. (i) Communications. All Participant or Beneficiary notices, designations, elections, consents or waivers must be made in a form the Administrator (or, as applicable, the Trustee or Insurer) specifies or otherwise approves. Any person entitled to notice under the Plan may waive the notice or shorten the notice period unless such actions are contrary to applicable law. (j) Evidence. Anyone, including the Employer, required to give data, statements or other information relevant under the terms of the Plan ("evidence") may do so by certificate, affidavit, document or other form which the person to act in reliance may consider pertinent, reliable and genuine, and to have been signed, made or presented by the proper party or parties. The Administrator, Trustee and Insurer are protected fully in acting and relying upon any evidence described under the immediately preceding sentence. (k) Plan terms binding. The Plan is binding upon all parties, including but not limited to, the Employer, Trustee, Insurer Administrator, Participants and Beneficiaries.

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(l) Parties to litigation. Except as otherwise provided by applicable law, a Participant or a Beneficiary is not a necessary party or required to receive notice of process in any court proceeding involving the Plan, the Trust or any Fiduciary. Any final judgment (not subject to further appeal) entered in any such proceeding will be binding upon all parties, including the Employer, the Administrator, Trustee, Insurer, Participants and Beneficiaries. (m) Fiduciaries not insurers. The Trustee, Administrator and the Employer in no way guarantee the Plan assets from loss or depreciation. The Employer does not guarantee the payment of any money which may be or becomes due to any person from the Plan. The liability of the Employer, the Administrator and the Trustee to make any distribution from the Trust at any time and all times is limited to the then available assets of the Trust. (n) Construction/severability. The Plan, the Trust and all other documents to which they refer, will be interpreted consistent with and to preserve tax qualification of the Plan under Code §401(a) and tax exemption of the Trust under Code §501(a) and also consistent with the Act and other applicable law. To the extent permissible under applicable law, any provision which a court (or other entity with binding authority to interpret the Plan) determines to be inconsistent with such construction and interpretation is deemed severed and is of no force or effect, and the remaining Plan terms will remain in full force and effect. (o) Uniformity. All provisions of this Plan shall be interpreted and applied in a uniform, nondiscriminatory manner. In the event of any conflict between the terms of this Plan and any Contract purchased hereunder, the Plan provisions shall control.

8.4 LEGAL ACTION

In the event any claim, suit, or proceeding is brought regarding the Trust and/or Plan established hereunder to which the Trustee, the Employer or the Administrator may be a party, and such claim, suit, or proceeding is resolved in favor of the Trustee, the Employer or the Administrator, they shall be entitled to be reimbursed from the Trust Fund for any and all costs, attorney's fees, and other expenses pertaining thereto incurred by them for which they shall have become liable. 8.5 PROHIBITION AGAINST DIVERSION OF FUNDS

(a) General rule. Except as provided below and otherwise specifically permitted by law, it shall be impossible by operation of the Plan or of the Trust, by termination of either, by power of revocation or amendment, by the happening of any contingency, by collateral arrangement or by any other means, for any part of the corpus or income of any Trust Fund maintained pursuant to the Plan or any funds contributed thereto to be used for, or diverted to, purposes other than the exclusive benefit of Participants or their Beneficiaries.

(b) Mistake of fact. In the event the Employer shall make an excessive contribution under a mistake of fact, the Employer may demand repayment of such excessive contribution at any time within one (1) year following the time of payment and the Trustee shall return such amount to the Employer within the one (1) year period. Earnings of the Plan attributable to the contributions may not be returned to the Employer but any losses attributable thereto must reduce the amount so returned.

8.6 EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE

The Employer, Administrator and Trustee, and their successors, shall not be responsible for the validity of any Contract issued hereunder or for the failure on the part of any insurer to make payments provided by any such Contract, or for the action of any person which may delay payment or render a Contract null and void or unenforceable in whole or in part. 8.7 INSURER'S PROTECTIVE CLAUSE

Except as otherwise agreed upon in writing between the Employer and the insurer, an insurer which issues any Contracts hereunder shall not have any responsibility for the validity of this Plan or for the tax or legal aspects of this Plan. The insurer shall be protected and held harmless in acting in accordance with any written direction of the Trustee, and shall have no duty to see to the application of any funds paid to the Trustee, nor be required to question any actions directed by the Trustee. Regardless of any provision of this Plan, the insurer shall not be required to take or permit any action or allow any benefit or privilege contrary to the terms of any Contract which it issues hereunder, or the rules of the insurer. 8.8 RECEIPT AND RELEASE FOR PAYMENTS

Any payment to any Participant, the Participant's legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the Employer. 8.9 ACTION BY THE EMPLOYER

Whenever the Employer under the terms of the Plan is permitted or required to do or perform any act or matter or thing, it shall be done and performed by a person duly authorized by its legally constituted authority. 8.10 APPROVAL BY INTERNAL REVENUE SERVICE

Notwithstanding anything herein to the contrary, if, pursuant to an application for qualification filed by or on behalf of the Plan by the time prescribed by law for filing the Employer's return for the taxable year in which the Plan is adopted, or such later date that the Secretary of the Treasury may prescribe, the Commissioner of Internal Revenue Service or the Commissioner's delegate should determine that the Plan does not initially qualify as a tax-exempt plan under Code §§401 and 501, and such determination is not

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contested, or if contested, is finally upheld, then if the Plan is a new plan, it shall be void ab initio and all amounts contributed to the Plan by the Employer, less expenses paid, shall be returned within one (1) year after the date the initial qualification is denied, and the Plan shall terminate, and the Trustee shall be discharged from all further obligations. If the disqualification relates to an amended plan, then the Plan shall operate as if it had not been amended. 8.11 ELECTRONIC MEDIA

The Administrator may use any electronic medium to give or receive any Plan notice, communicate any Plan policy, conduct any written Plan communication, satisfy any Plan filing or other compliance requirement and conduct any other Plan transaction to the extent permissible under applicable law. A Participant or a Participant's Spouse, to the extent authorized by the Administrator, may use any electronic medium to make or provide any Beneficiary designation, election, notice, consent or waiver under the Plan, to the extent permissible under applicable law. Any reference in this Plan to a "form," a "notice," an "election," a "consent," a "waiver," a "designation," a "policy" or to any other Plan-related communication includes an electronic version thereof as permitted under applicable law. Notwithstanding the foregoing, any Participant or Beneficiary notices and consent that are required pursuant to the Code must satisfy Regulation §1.401(a)-21. 8.12 PLAN CORRECTION

The Administrator in conjunction with the Employer may undertake such correction of Plan errors as the Administrator deems necessary, including correction to preserve tax qualification of the Plan under Code §401(a) or to correct a fiduciary breach. Without limiting the Administrator's authority under the prior sentence, the Administrator, as it determines to be reasonable and appropriate, may undertake correction of Plan document, operational, demographic and employer eligibility failures under a method described in the Plan or under the IRS Employee Plans Compliance Resolution System ("EPCRS") or any successor program to EPCRS. The Administrator, as it determines to be reasonable and appropriate, also may undertake or assist the appropriate Fiduciary or Plan official in undertaking correction of a fiduciary breach.

ARTICLE IX PARTICIPATING EMPLOYERS

9.1 ADOPTION BY OTHER EMPLOYERS

Notwithstanding anything herein to the contrary, with the consent of the Employer and Trustee, any other corporation or entity, whether an Affiliated Employer or not, may adopt this Plan and all of the provisions hereof, and participate herein and be known as a Participating Employer, by a properly executed document evidencing said intent and will of such Participating Employer (e.g., a participation agreement signed by the Participating Employer). Except as specifically provided otherwise, the provisions of this Article shall apply to each Participating Employer, whether or not the Participating Employer is an Affiliated Employer. 9.2 REQUIREMENTS OF PARTICIPATING EMPLOYERS

(a) Same provisions applicable to all Participating Employers. Each such Participating Employer shall be required to use the same Trustee as provided in this Plan, and each Participating Employer agrees to be bound by the terms of the Plan and Trust as adopted and maintained by the Employer that is the signatory to this Plan document. Any requirement set forth in the Plan that refers to the exclusive benefit rule shall be applied as if all Participating Employers (whether or not an Affiliated Employers) were one employer.

(b) Holding and investing assets. The Trustee may, but shall not be required to, commingle, hold and invest as one Trust Fund all contributions made by Participating Employers, as well as all increments thereof.

(c) Payment of expenses. Unless the Employer otherwise directs, any expenses of the Plan which are to be paid by the Employer or borne by the Trust Fund shall be paid by each Participating Employer in the same proportion that the total amount standing to the credit of all Participants employed by such Employer bears to the total standing to the credit of all Participants.

9.3 DESIGNATION OF AGENT

Each Participating Employer shall be deemed to be a party to this Plan; provided, however, that with respect to all of its relations with the Trustee and Administrator for the purpose of this Plan, each Participating Employer shall be deemed to have designated irrevocably the Employer as its agent. Unless the context of the Plan clearly indicates the contrary, the word "Employer" shall be deemed to include each Participating Employer as related to its adoption of the Plan. 9.4 EMPLOYEE TRANSFERS

In the event an Employee is transferred between Participating Employers, accumulated service and eligibility shall be carried with the Employee involved. No such transfer shall effect a termination of employment hereunder, and the Participating Employer to which the Employee is transferred shall thereupon become obligated hereunder with respect to such Employee in the same manner as was the Participating Employer from whom the Employee was transferred. 9.5 PARTICIPATING EMPLOYER CONTRIBUTION AND FORFEITURES

Any contribution or Forfeiture subject to allocation shall be determined and allocated separately by each Participating Employer, and shall be allocated only among the Participants who are employed by the Employer or Participating Employer making the contribution or recognizing the Forfeiture. On the basis of the information furnished by the Administrator, the Trustee shall keep

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separate books and records concerning the affairs of each Participating Employer hereunder and as to the accounts and credits of the Employees of each Participating Employer. The Trustee may, but need not, register Contracts so as to evidence that a particular Participating Employer is the interested Employer hereunder, but in the event of an Employee transfer from one Participating Employer to another, the employing Participating Employer shall immediately notify the Trustee thereof. 9.6 AMENDMENT

Any Participating Employer hereby authorizes the Employer to make amendments on its behalf, unless otherwise agreed among all affected parties. 9.7 DISCONTINUANCE OF PARTICIPATION

Any Participating Employer shall be permitted to discontinue or revoke its participation in the Plan at any time. At the time of any such discontinuance or revocation, satisfactory evidence thereof and of any applicable conditions imposed shall be delivered to the Trustee. The Employer shall have the right to discontinue or revoke the participation in the Plan of any Participating Employer by providing 45 days notice to such Participating Employer. The Trustee shall thereafter transfer, deliver and assign Contracts and other Trust Fund assets allocable to the Participants of such Participating Employer to such new Trustee as shall have been designated by such Participating Employer, in the event that it has established a separate qualified retirement plan for its employees provided, however, that no such transfer shall be made if the result is the elimination or reduction of any Section 411(d)(6) protected benefits as described in Section 8.1(e). If a separate plan has not been established, the Trustee shall retain such assets for the Employees of said Participating Employer pursuant to the provisions of Article VII hereof. In no such event shall any part of the corpus or income of the Trust Fund as it relates to such Participating Employer be used for or diverted for purposes other than for the exclusive benefit of the Employees of such Participating Employer. 9.8 ADMINISTRATOR'S AUTHORITY

The Administrator shall have authority to make any and all necessary rules or regulations, binding upon all Participating Employers and all Participants, to effectuate the purpose of this Article.

ARTICLE X MULTIPLE EMPLOYER PROVISIONS

10.1 ELECTION AND OVERRIDING EFFECT

(a) Non-Affiliated Employers Adopting the Plan. If an Employer that is not an Affiliated Employer adopts this Plan (as described in Section 10.1), then the provisions of this Article shall (1) apply to each such Participating Employer as of the Effective Date specified in its participation agreement and (2) supersede any contrary provisions in the Plan. If this Article applies, then the Plan shall be a multiple employer plan as described in Code §413(c). In this case, the Employer and each Participating Employer that is not an Affiliated Employer acknowledge that the Plan is a multiple employer plan subject to (1) the rules of Code §413(c) and the Regulations thereunder, which are hereby incorporated by reference, (2) specific annual reporting requirements, and (3) special application requirements when requesting a determination letter from the Internal Revenue Service regarding the qualified status of the Plan. The participation agreement must identify the Participating Employer and provide for the Participating Employer's signature.

10.2 PROVISIONS APPLIED SEPARATELY (OR JOINTLY) FOR PARTICIPATING NON-AFFILIATED EMPLOYERS

(a) Separate status. The Administrator will apply the definition of Compensation and perform the tests listed in this Section, separately for each Participating Employer other than an Affiliated Employer of such Participating Employer. For this purpose, the Employees of each Participating Employer (and its Affiliated Employers), and their allocations and accounts, shall be treated as though they were in separate plan. Any correction action, such as additional contributions or corrective distributions, shall only affect the Employees of the Participating Employer (and its Affiliated Employers, if any). The tests subject to this separate treatment are:

(1) Nondiscrimination testing described in Code §401(a)(4) and the applicable Regulations. (2) Coverage testing described in Code §410(b) and the Regulations. (3) Status as a Highly Compensated Employee under Section 1.27.

(b) Joint status. Any requirement set forth in the Plan that refers to the exclusive benefit rule shall be applied as if all Participating Employers (whether or not an Affiliated Employers) were one employer. In addition, the following tests shall be performed for the Plan as whole, without regard to employment by a particular Participating Employer:

(1) Applying the limitation on Annual Additions described in Section 4.4, including the related Compensation definition. (2) Applying the minimum participation requirements of Code §410(a).

10.3 HIGHLY COMPENSATED EMPLOYEE STATUS

Status as a Highly Compensated Employee under Section 1.27 shall be determined separately with respect to each Participating Employer (and all its Affiliated Employers).

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10.4 SERVICE

An Employee's service includes all Hours of Service and Years of Service with each Participating Employer (and all its Affiliated Employers). An Employee who terminates employment with one Participating Employer and immediately commences employment with another Participating Employer (or any of its Affiliated Employers) has not separated from service and has not had a severance from employment. 11.5 REQUIRED MINIMUM DISTRIBUTIONS

If a Participant is a 5-percent owner (under Section 6.8(e)(6)) of any Participating Employer for which the Participant is an Employee in the Plan Year the Participant attains age 70 1/2, then the Participant's required beginning date under Section 6.8 shall be the April 1 of the calendar year following the close of the calendar year in which the Participant attains age 70 1/2. 10.6 COOPERATION AND INDEMNIFICATION

(a) Cooperation. Each Participating Employer agrees to timely provide all information the Administrator deems necessary to ensure the Plan is operated in accordance with the requirements of the Code and will cooperate fully with the signatory Employer, the Plan, the Plan fiduciaries, and other proper representatives in maintaining the qualified status of the Plan. Such cooperation will include payment of such amounts into the Plan, to be allocated to employees of the Participating Employer, which are reasonably required to maintain the tax-qualified status of the Plan. (b) Indemnity. Each Participating Employer will indemnify and hold harmless the Administrator, the signatory Employer and its subsidiaries; officers, directors, shareholders, employees, and agents of the signatory Employer; the Plan; the Trustees, Fiduciaries, Participants and Beneficiaries of the Plan, as well as their respective successors and assigns, against any cause of action, loss, liability, damage, cost, or expense of any nature whatsoever (including, but not limited to, attorney's fees and costs, whether or not suit is brought, as well as IRS plan disqualifications, other sanctions or compliance fees or DOL fiduciary breach sanctions and penalties) arising out of or relating to the Participating Employer's noncompliance with any of the Plan's terms or requirements; any intentional or negligent act or omission the Participating Employer commits with regard to the Plan; and any omission or provision of incorrect information with regard to the Plan which causes the Plan to fail to satisfy the requirements of a tax-qualified plan.

10.7 INVOLUNTARY TERMINATION

The signatory Employer shall have the power to terminate the participation of any Participating Employer (hereafter the terminated employer") in this Plan. If and when the signatory Employer wishes to exercise this power, the following shall occur:

(a) Notice. The signatory Employer shall give the terminated employer a notice of the signatory employer's intent to terminate the terminated employer's status as a Participating Employer of the Plan. The signatory Employer will provide such notice not less than thirty (30) days prior to the date of termination unless the signatory Employer determines that the interest of Plan Participants requires earlier termination. (b) Spin-off. The signatory Employer shall establish a new defined contribution plan, using the provisions of this Plan with any modifications contained in the terminated employer's participation agreement, as a guide to establish a new defined contribution plan (hereinafter the "spin-off plan"). The signatory Employer will direct the Trustee to transfer (in accordance with the rules of Code §414(l) and the provisions of Section 8.3) the Accounts of the Employees of the terminated employer to the spin-off plan. The terminated employer shall be the administrator, and sponsor of the spin-off plan. The trustee of the spin-off plan shall be the person or entity designated by the terminated employer, or, in the absence of any such designation, the chief executive officer of the terminated employer. If state law prohibits the terminated employer from serving as Trustee, the Trustee is the president of a corporate terminated employer, the managing partner of a partnership terminated employer, the managing member of a limited liability company terminated employer, the sole proprietor of a proprietorship terminated employer, or in the case of any other entity type, such other person with title and responsibilities similar to the foregoing. However, the signatory Employer shall have the option to designate an appropriate financial institution as Trustee instead if necessary to protect the interest of the Participants. The signatory Employer shall have the authority to charge the terminated employer or the Accounts of the Employees of the terminated employer a reasonable fee to pay the expenses of establishing the spin-off plan.

(c) Transfer. If the terminated employer selects this option, the Administrator shall transfer (in accordance with the rules of Code §414(l) and the provisions of Section 4.7) the Accounts of the Employees of the terminated employer to a qualified plan the terminated employer maintains. To exercise this option, the terminated employer must deliver to the signatory Employer or Administrator in writing the name and other relevant information of the transferee plan and must provide such assurances that the Administrator shall reasonably require to demonstrate that the transferee plan is a qualified plan. (d) Participants. The Employees of the terminated employer shall cease to be eligible to accrue additional benefits under the Plan with respect to Compensation paid by the terminated employer, effective as of the date of termination. To the extent that these Employees have accrued but unpaid contributions as of the date of termination, the terminated employer shall pay such amounts to the Plan or the spin-off plan no later than thirty (30) days after the date of termination, unless the terminated employer effectively selects the Transfer option under subsection (c)(2) above. (e) Consent. By its signature on the participation agreement, the terminated employer specifically consents to the provisions of this Article and agrees to perform its responsibilities with regard to the spin-off plan, if necessary.

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10.8 VOLUNTARY TERMINATION

A Participating Employer (hereafter "withdrawing employer") may voluntarily withdraw from participation in this Plan at any time. If and when a withdrawing employer wishes to withdraw, the following shall occur:

(a) Notice. The withdrawing employer shall inform the signatory Employer and the Administrator of its intention to withdraw from the Plan. The Withdrawing Employer must give the notice not less than thirty (30) days prior to the effective date of its withdrawal. (b) Procedure. The withdrawing employer and the signatory Employer shall agree upon procedures for the orderly withdrawal of the withdrawing employer from the plan. Such procedures may include any of the optional spin-off or transfer options described in the preceding Section. (c) Costs. The withdrawing employer shall bear all reasonable costs associated with withdrawal and transfer under this Section. (d) Participants. The Employees of the withdrawing employer shall cease to be eligible to accrue additional benefits under the Plan as to Compensation paid by the withdrawing employer, effective as of the effective date of withdrawal. To the extent that such Employees have accrued but unpaid contributions as of the effective date of withdrawal, the withdrawing employer shall contribute such amounts to the Plan or the spin-off plan promptly after the effective date of withdrawal, unless the accounts are transferred to a qualified plan the withdrawing employer maintains.

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SIGNATURE(S)


DATE EMPLOYER

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Copyright 2002-2015 The Benefit Advantage 1

ADOPTION AGREEMENT SECTION 457(b) DEFERRED COMPENSATION PLAN

NOTE: This Plan (Adoption Agreement and Basic Plan Document) has not been approved by the Internal Revenue Service. It must be reviewed by qualified counsel to ensure that it is appropriate for its intended use. The undersigned adopting employer hereby adopts this Plan. The Plan is intended to qualify as an "eligible deferred compensation plan" within the meaning of Code section 457(b). The Plan shall consist of this Adoption Agreement, its related Basic Plan Document and any related Appendix and Addendum to the Adoption Agreement. Unless otherwise indicated, all Section references are to Sections in the Basic Plan Document. COMPANY INFORMATION 1. Name of adopting employer (Plan Sponsor): Tahoe Transportation District 2. Address: PO Box 499. 3. City: Zephyr Cove 4.State: Nevada 5. Zip: 89448 6. Phone number: 775-589-5507 7. Fax number: _ 8. Plan Sponsor EIN: 68-0360922 9. Plan Sponsor fiscal year end: _June 30_________ 10. State of organization of Plan Sponsor: Nevada 11. The term "Company" includes the Plan Sponsor and the following entities: __________. PLAN INFORMATION A. GENERAL INFORMATION 1. Plan name: a. Tahoe Transportation District b. 457(b) Plan 2. Effective Date: 2a. Original effective date of Plan: June 1, 2015 2b. Is this a restatement of a previously-adopted plan?

[ ] Yes [ X ] No 2c. If A.2b is "Yes", effective date of Plan restatement: ____________________.

NOTE: If A.2b is "No", the Effective Date shall be the date specified in A.2a, otherwise the date specified in A.2c; provided, however, that when a provision of the Plan states another effective date, such stated specific effective date shall apply as to that provision.

3. Plan Year means each 12-consecutive month period ending on June 30 (e.g. December 31). NOTE: The Plan Year should correspond to the Participant's taxable year which in most cases is the calendar year.

Plan Type 4. Type of Plan:

i. [ ] Plan maintained by a tax-exempt entity within the meaning of Code section 457(e)(1)(B). ii. [ X ] Governmental Plan maintained by a state or related entity within the meaning of Code section 457(e)(1)(A).

Plan Features 5. Employer/Employee contributions permitted (check all that apply):

a. [ ] Matching Contributions. b. [ ] Nonelective Contributions. c. [ X ] Participant Deferral Contributions. d. [ X ] If A.5c is selected and the Plan is a Governmental Plan, Roth Deferrals are permitted. e. If Roth Deferrals are permitted, enter the effective date of the Roth Deferrals: (no earlier than

January 1, 2011).

Compensation 6. Definition of Compensation (check all that apply):

a. [ X ] Base salary. b. [ X ] The additional pay specified in A.7.

7. If A.6.b is selected, enter the additional pay: All wages subject to W-2 8a. Are there any exclusions from the definition of Compensation:

ATTACHMENT A



[ ] Yes [ X ] No 8b. If A.8a is "Yes", enter the exclusions from the definition of Compensation: __________ 8c. Exclude pay earned before participation in Plan from definition of Compensation:

[ X ] Yes [ ] No Unless "No" is checked, Compensation shall include only that compensation which is actually paid to the Participant by the Company during that part of the Plan Year the Participant is eligible to participate in the Plan. Otherwise, Compensation shall include that compensation which is actually paid to the Participant by the Company during the Plan Year.

B. ELIGIBILITY Eligible Employee

NOTE: If the Plan is not a Governmental Plan, participation in the Plan must be limited to a select group of management or highly compensated employees within the meaning of Title 1 of the ERISA.

1. Subject to the conditions and limitations of B.2 through B.4, the term Eligible Employee shall include Employees who are also (check all that apply): a. [ ] Officers of the Company in the following positions: b. [ ] Other management or highly compensated employees in the following classifications/positions: All c. [ ] Employees listed in an appendix to the Adoption Agreement. d. [ ] All Employees except: those who are not elected. e. [X ] All Employees. NOTE: Only a Governmental Plan may select B.1.d or B.1.e.

2. Indicate whether an independent contractor may participate in the Plan: [ ] Yes [ X ] No

Eligible Employee - Other 3. In addition to the requirements in B.1, the following additional conditions must be met in order for an Employee to

become an Eligible Employee (check all that apply): a. [ ] Must be approved by the Chief Executive Officer of the Plan Sponsor. b. [ ] Must be approved by the Chief Executive Officer of the Employee's employing entity. c. [ ] Must be approved by the Board of the Plan Sponsor. d. [ ] Must be approved by the Board of the Employee's employing entity. e. [ ] Other requirements listed in B.4.

4. If B.3.e is selected, enter other requirements: __________ Requirements for Participation

An Eligible Employee shall become eligible to participate in the Plan upon meeting the following conditions in B.5 through B.6:

5. Minimum service requirement for an Eligible Employee to become eligible to be a Participant in the Plan: i. [ X ] None. ii. [ ] Completion of: __________ iii. [ ] Other: __________

6. Frequency of entry dates: i. [ ] first day of each calendar month ii. [ ] first day of each plan quarter iii. [ ] first day of the first month and seventh month of the Plan Year iv. [ ] first day of the Plan Year v. [ X ] Other: Immediately

Modifications 7a. Indicate whether there are any modifications to the requirements specified in B.1 - B.6:

[ ] Yes [ X ] No 7b. If B.7a is "Yes", specify the modifications: __________.

ATTACHMENT A



ADOPTION AGREEMENT SECTION 457(b) DEFERRED COMPENSATION PLAN

NOTE: This Plan (Adoption Agreement and Basic Plan Document) has not been approved by the Internal Revenue Service. It must be reviewed by qualified counsel to ensure that it is appropriate for its intended use. The undersigned adopting employer hereby adopts this Plan. The Plan is intended to qualify as an "eligible deferred compensation plan" within the meaning of Code section 457(b). The Plan shall consist of this Adoption Agreement, its related Basic Plan Document and any related Appendix and Addendum to the Adoption Agreement. Unless otherwise indicated, all Section references are to Sections in the Basic Plan Document. COMPANY INFORMATION 1. Name of adopting employer (Plan Sponsor): Tahoe Transportation District 2. Address: PO Box 499. 3. City: Zephyr Cove 4.State: Nevada 5. Zip: 89448 6. Phone number: 775-589-5507 7. Fax number: _ 8. Plan Sponsor EIN: 68-0360922 9. Plan Sponsor fiscal year end: _June 30_________ 10. State of organization of Plan Sponsor: Nevada 11. The term "Company" includes the Plan Sponsor and the following entities: __________. PLAN INFORMATION A. GENERAL INFORMATION 1. Plan name: a. Tahoe Transportation District b. 457(b) Plan 2. Effective Date: 2a. Original effective date of Plan: June 1, 2015 2b. Is this a restatement of a previously-adopted plan?

[ ] Yes [ X ] No 2c. If A.2b is "Yes", effective date of Plan restatement: ____________________.

NOTE: If A.2b is "No", the Effective Date shall be the date specified in A.2a, otherwise the date specified in A.2c; provided, however, that when a provision of the Plan states another effective date, such stated specific effective date shall apply as to that provision.

3. Plan Year means each 12-consecutive month period ending on June 30 (e.g. December 31). NOTE: The Plan Year should correspond to the Participant's taxable year which in most cases is the calendar year.

Plan Type 4. Type of Plan:

i. [ ] Plan maintained by a tax-exempt entity within the meaning of Code section 457(e)(1)(B). ii. [ X ] Governmental Plan maintained by a state or related entity within the meaning of Code section 457(e)(1)(A).

Plan Features 5. Employer/Employee contributions permitted (check all that apply):

a. [ ] Matching Contributions. b. [ ] Nonelective Contributions. c. [ X ] Participant Deferral Contributions. d. [ X ] If A.5c is selected and the Plan is a Governmental Plan, Roth Deferrals are permitted. e. If Roth Deferrals are permitted, enter the effective date of the Roth Deferrals: (no earlier than

January 1, 2011).

Compensation 6. Definition of Compensation (check all that apply):

a. [ X ] Base salary. b. [ X ] The additional pay specified in A.7.

7. If A.6.b is selected, enter the additional pay: All wages subject to W-2 8a. Are there any exclusions from the definition of Compensation:

ATTACHMENT A



[ ] Yes [ X ] No 8b. If A.8a is "Yes", enter the exclusions from the definition of Compensation: __________ 8c. Exclude pay earned before participation in Plan from definition of Compensation:

[ X ] Yes [ ] No Unless "No" is checked, Compensation shall include only that compensation which is actually paid to the Participant by the Company during that part of the Plan Year the Participant is eligible to participate in the Plan. Otherwise, Compensation shall include that compensation which is actually paid to the Participant by the Company during the Plan Year.

B. ELIGIBILITY Eligible Employee

NOTE: If the Plan is not a Governmental Plan, participation in the Plan must be limited to a select group of management or highly compensated employees within the meaning of Title 1 of the ERISA.

1. Subject to the conditions and limitations of B.2 through B.4, the term Eligible Employee shall include Employees who are also (check all that apply): a. [ ] Officers of the Company in the following positions: b. [ ] Other management or highly compensated employees in the following classifications/positions: All c. [ ] Employees listed in an appendix to the Adoption Agreement. d. [ ] All Employees except: those who are not elected. e. [X ] All Employees. NOTE: Only a Governmental Plan may select B.1.d or B.1.e.

2. Indicate whether an independent contractor may participate in the Plan: [ ] Yes [ X ] No

Eligible Employee - Other 3. In addition to the requirements in B.1, the following additional conditions must be met in order for an Employee to

become an Eligible Employee (check all that apply): a. [ ] Must be approved by the Chief Executive Officer of the Plan Sponsor. b. [ ] Must be approved by the Chief Executive Officer of the Employee's employing entity. c. [ ] Must be approved by the Board of the Plan Sponsor. d. [ ] Must be approved by the Board of the Employee's employing entity. e. [ ] Other requirements listed in B.4.

4. If B.3.e is selected, enter other requirements: __________ Requirements for Participation

An Eligible Employee shall become eligible to participate in the Plan upon meeting the following conditions in B.5 through B.6:

5. Minimum service requirement for an Eligible Employee to become eligible to be a Participant in the Plan: i. [ X ] None. ii. [ ] Completion of: __________ iii. [ ] Other: __________

6. Frequency of entry dates: i. [ ] first day of each calendar month ii. [ ] first day of each plan quarter iii. [ ] first day of the first month and seventh month of the Plan Year iv. [ ] first day of the Plan Year v. [ X ] Other: Immediately

Modifications 7a. Indicate whether there are any modifications to the requirements specified in B.1 - B.6:

[ ] Yes [ X ] No 7b. If B.7a is "Yes", specify the modifications: __________.

ATTACHMENT A



C. ELECTIONS/CONTRIBUTIONS 1a. If A.5c is selected (Participant Deferrals permitted), minimum Participant contribution: None (leave blank or enter "0"

if none) 1b. If A.5c is selected (Participant Deferrals permitted), maximum Participant contribution: one hundred percent

(100%). 2. If A.5c is selected (Participant Deferrals permitted), a Participant may defer accumulated sick pay, accumulated

vacation pay, and back pay: [ X ] Yes [ ] No

Matching Contributions 3. If A.5a is "Yes" (matching contributions are permitted), specify method to allocate matching contributions (Section

5.01(b)): i. [ ] Pursuant to the formula specified in C.4. ii. [ ] An amount and allocation formula as determined by the Company.

4. If A.5a is "Yes" (matching contributions are permitted), and C.3.i is selected, indicate the formula to allocate such contributions: __________.

5. If A.5a is "Yes" (matching contributions are permitted), indicate any requirements that must be met in the applicable Plan Year to receive an allocation of such contributions: __________. NOTE: If C.5 is blank or "None", there are no additional requirements for a Participant to receive an allocation of matching contributions.

Nonelective Contributions 6. If A.5b is "Yes" (nonelective contributions are permitted), specify method to allocate nonelective contributions

(Section 5.01(b)): i. [ ] In the ratio that each Participant's Compensation bears to the Compensation of all eligible Participants. ii. [ ] Pursuant to the formula specified in C.7. iii. [ ] An amount and allocation formula as determined by the Company.

7. If A.5b is "Yes" (nonelective contributions are permitted) and C.6.ii is selected, indicate the formula to allocate such contributions: __________.

8. If A.5b is "Yes" (nonelective contributions are permitted), indicate any requirements that must be met in the applicable Plan Year to receive an allocation of such contributions: __________. NOTE: If C.8 is blank or "None", there are no additional requirements for a Participant to receive an allocation of nonelective contributions.

Transfers/Rollovers 9. Transfers/rollover contributions are permitted (Section 5.03 and 5.04):

[ X ] Yes [ ] No NOTE: If the Plan is not a Governmental Plan and C.9 is "Yes", Section 5.03 shall apply. If the Plan is a Governmental Plan and C.9 is "Yes", Section 5.03 and 5.04 shall apply.

D. EARNINGS/TRUST Earnings 1. A Participant's Accounts shall be credited with earnings in the following manner:

i. [ ] Fixed rate specified in D.2. ii. [ ] Predetermined investment(s) specified in an appendix to the Adoption Agreement. iii. [ X ] Predetermined investment(s) as specified by the Plan Administrator. iv. [ ] Mid-term applicable federal rate (as defined pursuant to Code section 1274(d)) for January 1 of the calendar

year. NOTE: If the Plan is a Governmental Plan, D.1 must be a predetermined investment.

2 If D.1.i (fixed rate) is selected, specify the rate: __________. NOTE: If the rate specified in D.2 is a published rate, and the entry in D.2 does not specify when the rate is redetermined, such rate shall be redetermined at the beginning of each Plan Year.

3. If D.1.ii or D.1.iii (predetermined investments) is selected, specify the extent to which a Participant may choose among the predetermined investments: i. [ ] A Participant may not choose among predetermined investments. ii. [ ] As of each Valuation Date.

ATTACHMENT A



iii. [ ] As of the first day of each Plan Year. iv. [ X ] Pursuant to Plan Administrator procedures.

4a. If D.1.ii or D.1.iii (predetermined investments) is selected and D.3.ii, D.3.iii or D.3.iv is selected (Participant direction is allowed), the Plan provides conditions and/or limitations to the Participant's right to select investments: [ ] Yes [ X ] No

4b. If D.1.ii or D.1.iii (predetermined investments) is selected and D.3.ii, D.3.iii or D.3.iv is selected (Participant direction is allowed) and D.4a is "Yes", enter the conditions and/or limitations: __________.

Grantor Trust 5. If the Plan is not a Governmental Plan, specify the extent to which the Company shall establish a grantor trust to pre-

fund its obligations for benefits hereunder (Section 7.02(a)): i. [ ] No grantor trust shall be established. ii. [ ] The Company may, in its sole discretion, establish a grantor trust. iii. [ ] The Company shall establish a grantor trust. NOTE: If the Plan is a Governmental Plan, the Plan shall establish a Trust pursuant to Section 7.02(b).

Valuation Date 6a. Enter Valuation Date:

i. [ ] Last day of Plan Year ii. [ ] Last day of each Plan quarter iii. [ ] Last day of each month iv. [ X ] Each business day v. [ ] Other

6b. If D.6a.v is selected, enter the Valuation Date: __________________ (Must be at least annually). E. VESTING FOR COMPANY CONTRIBUTIONS Vesting Service Rules 1. Indicate the method of determining vesting service: __________.

NOTE: Unless otherwise specified in E.1, a Participant shall earn one year of vesting service for each calendar year in which he is credited with 1,000 hours of service with the Employer.

Vesting Exceptions 2. Provide for full vesting for a Participant who Terminates employment with the Employer after attainment of Normal

Retirement Age while an Employee (Section 5.06): [ ] Yes [ ] No

3. Provide for full vesting for a Participant who Terminates employment with the Employer due to death while an Employee (Section 5.06): [ ] Yes [ ] No

4. Provide for full vesting for a Participant who Terminates employment with the Employer due to disability while an Employee (Section 5.06): [ ] Yes [ ] No

5a. Provide for full vesting for a Participant upon the circumstances described in E.5b (Section 5.06): [ ] Yes [ ] No

5b. If E.5a is "Yes", describe the other circumstances: __________. 6a. Company contribution vesting schedule:

[ ] 100% [ ] 3-7 Year Graded [ ] 2-6 Year Graded [ ] 1-5 Year Graded [ ] 1-4 Year Graded [ ] 5 Year Cliff [ ] 3 Year Cliff [ ] 2 Year Cliff [ ] Other [ ] Pursuant to another plan.

6b. If E.6a is "Other", enter other vesting schedule: __________ 6c. If E.6a is "Pursuant to another plan", enter name of other plan: __________ Special Forfeiture Provisions 7a. Provide for special forfeiture provisions (Section 5.06(c)):

[ ] Yes [ X ] No 7b. If E.7a is "Yes", describe any event that shall result in a complete forfeiture of that portion of the Participant's Account

specified in E.7c: __________.

ATTACHMENT A



7c. If E.7a is "Yes", a Participant meeting the conditions of E.7b shall forfeit the following portion of his or her Account even if such Account is otherwise fully vested: __________.

F. DISTRIBUTIONS

NOTE: All distributions are subject to the minimum distribution requirements of Code section 401(a)(9).

Normal Retirement 1. Normal Retirement Age means Attainment of age: 65.

NOTE: Normal Retirement Age must be on or after the earlier of: (i) age 65, or (ii) the age at which Participants have the right to retire under a basic defined benefit pension plan of the Employer (or money purchase plan if no defined benefit plan). An earlier age may apply for eligible plans of qualified police or firefighters. The age selected may not be later than age 70-1/2.

Time of Payment for Reasons other than Death 2. Benefits may not commence later than the date specified below (Section 6.01):

i. [ X ] The earlier of the Required Beginning Date or the number of years specified in F.3 after the Participant's Termination.

ii. [ ] The earlier of the Required Beginning Date or Normal Retirement Age. iii. [ ] Required Beginning Date. NOTE: If F.2.ii is selected, payment may not be made earlier than that specified in Section 6.01.

3. If F.2.i is selected (number of years after Termination), enter the number years after the Participant's Termination during which benefits must commence (Section 6.01): 10. NOTE: If zero is entered in F.3, distributions shall commence on the 61st day following the distribution event.

Form of Payment for Reasons other than Death 4a. Optional forms of payment payable for reasons other than death of the Participant (check all that apply):

i. [ X ] A single lump sum payment. ii. [ ] Annual installment payments for a period of years (payable on an annual basis) which extends for no longer

than the number of years specified in F.4b. iii. [ ] Other optional form of benefit specified in F.4c.

4b. If F.4a.ii (annual installments) is selected, enter the maximum number of years over which payments may be made: __________. NOTE: May not extend beyond the life expectancy of the Participant and Beneficiary.

4c. If F.4a.iii (Other) is selected, describe other optional form of benefit: _________. Payment on Participant Death 5. Distributions on account of the death of the Participant shall be made in accordance with one of the following payment

forms (Section 6.05): i. [ ] Pay entire remaining Account by end of the first calendar year following the date of death. ii. [ X ] Participant's Beneficiary shall be entitled to make any elections as to timing and form of distribution as were

available to the Participant at the time of death subject to the minimum distribution requirements of Code section 401(a)(9).

Unforeseeable Emergency 6a. A Participant may receive a distribution upon the occurrence of an unforeseeable emergency (Section 6.04):

[ ] Yes [ X ] No 6b. If F.6a is "Yes", A.5c (Participant Deferral Contributions) is selected, the Plan is a Governmental Plan, and Roth

Deferrals are permitted, permit unforeseeable emergency distributions from Roth Deferral Accounts: i. [ ] Yes ii. [ ] Yes - But only if the withdrawal from the Roth Deferral Account qualifies as a "qualified distribution" within

the meaning of Code section 402A(d)(2). iii. [ ] No

ATTACHMENT A



Small Distributions 7. A Participant may make a one-time election to receive a distribution of a small balance ($5,000 or less) as permitted by

Code section 457(e)(9)(A) (Section 6.03): [ ] Yes [X ] No

Medium of Payment 8. Medium of distribution from the Plan:

i. [ ] Cash only ii. [ ] Cash or in-kind iii. [ ] In-kind only

Transfers 9a. Specify whether transfers may be made to another plan (Section 6.08):

[ X ] Yes [ ] No NOTE: Governmental Plans are also subject to the direct rollover rules in Section 6.09.

9b. If the Plan is a Governmental Plan, specify whether service credit transfers may be made to another defined benefit governmental plan (Section 6.10): [ ] Yes [ X ] No

Death or Disability during Qualified Military Service 10a. For benefit accrual purposes, a Participant that dies or becomes disabled while performing qualified military service

will be treated as if he had been employed by the Company on the day preceding death or disability and terminated employment on the day of death or disability pursuant to Code section 414(u)(9) (Section 6.12): [ ] Yes [ X ] No

10b. If F.10a is "Yes", enter the effective date:_____________________ (must be on or after January 1, 2007). Loans/Inservice 11. If the Plan is a Governmental Plan, specify whether Participant loans may be made (Section 6.13):

[ X ] Yes [ ] No 12. If the Plan is a Governmental Plan and C.9 permits rollover contributions, specify whether a Participant may receive an

inservice withdrawal of his rollover Account (Section 6.07): [ X ] Yes [ ] No

13. Specify whether a Participant may receive an inservice withdrawal of his Account upon attainment of age 70-1/2: [ X ] Yes [ ] No

G. PLAN OPERATIONS Plan Administration 1a. Designation of Plan Administrator (Section 7.01):

i. [ X ] Plan Sponsor ii. [ ] Committee appointed by Plan Sponsor iii. [ ] Other

1b. If G.1a.iii is selected, Name of Plan Administrator: _____________________ 2a. Type of indemnification for the Plan Administrator (and if applicable, the Trustee):

i. [ X ] Standard according to Section 7.03. ii. [ ] Custom.

2b. If G.2a.ii (Custom) is selected, indemnification for the Plan Administrator (and if applicable, the Trustee) is provided pursuant to an Addendum to the Adoption Agreement.

H. MISCELLANEOUS Failure to properly fill out the Adoption Agreement may result in the failure of the Plan to achieve its intended tax consequences and may further result in significant tax penalties. The Plan shall consist of this Adoption Agreement, its related Basic Plan Document #457B and any related Appendix and Addendum to the Adoption Agreement.

ATTACHMENT A



The undersigned agree to be bound by the terms of this Adoption Agreement and Basic Plan Document and acknowledge receipt of same. The Plan Sponsor caused this Plan to be executed this _____ day of ________________, 2015.

TAHOE TRANSPORTATION DISTRICT Signature:________________________________ Print Name: ______________________________ Title/Position:___________________

V2.00-2.00

ATTACHMENT A


ATTACHMENT A


Investment Policy Statement


Retirement Plan

I. Introduction The Tahoe Transportation District is the plan sponsor (“Plan Sponsor”) of a retirement plan for its employees (the “Plan”) consisting of a 457(b) deferred compensation plan and 401(a) defined contribution plan. The District Manager and Legal Counsel shall serve as the plan committee (the “Committee”) that will make decisions in connection with the Plan. Each participant directs the investment of his or her accounts in the Plan. The Plan is intended to provide participants with a long-term savings vehicle and a source of significant retirement income. The Plan will offer participants investment options from a range of asset categories and investment alternatives which will enable participants to invest according to their individual risk profiles and investment needs. II. Purpose This investment policy statement (this “IPS”) establishes guidelines and policies with respect to the Plan and is intended to:

1. Guide the Committee in the ongoing selection and retention of investment options to be offered to participants;

2. Establish appropriate guidelines to monitor the performance of investment options offered to participants; and

3. Establish a meaningful basis for the Plan Sponsor and the Committee to meet their fiduciary responsibilities in connection with the Plan.

III. Responsibilities

1. Committee

The Committee will respect and observe the guidelines provided herein. The Committee will make all decisions regarding the selection and retention of investment

options for participants. The Committee will monitor, supervise, control and account for Plan expenses, costs, fees, and

all other forms of compensation that may have been paid in connection with the Plan. The Committee shall ensure that all such items are appropriately applied, utilized and documented.

The Committee will retain the services of a third-party Investment Fiduciary Consultant and Investment Advisor (the “Investment Consultant”) to help guide the Committee through a disciplined investment process. The Committee has retained the services of Joe Ciaramitaro with Raymond James and Associates, as its Investment Consultant.

The Committee will enter into agreements to retain the services of any platform providers, trustees, third-party administrators and other parties necessary to provide the Plan, and the District Manager is designated and appointed to act on behalf of the Plan Sponsor in connection with those agreements.

The Committee will report to the Plan Sponsor as provided herein.

2. Investment Consultant The Investment Consultant has advised the Committee on this IPS and will advise the

Committee on any amendment hereto. The Investment Consultant will serve as a fiduciary to the Plan Sponsor and as a co-fiduciary

to participants as contracted for in a separate document and reflected in this IPS. The Investment Consultant will guide the Committee through a disciplined investment process

to select investment options and evaluate performance on an on-going basis.

ATTACHMENT B


The Investment Consultant will document the investment process used and the information supporting Committee decisions in connection with the Plan, including regular financial statements and reports.

The Investment Consultant will ensure that the Plan includes a reasonable range of investments options.

The Investment Consultant will serve as the Plan’s relationship manager with participants and conduct participant education and training and respond to questions from participants, both before and after enrollment.

IV. Investment Options The Committee will offer investment options in the following categories:

Aggressive Growth Growth Growth and Income Income Conservative Global/International Small Cap Mid Cap Age based or risk based funds

The investment options within these categories will be managed by different fund managers. All funds and fund managers will have some or all of the following characteristics: At least 5 years of supportable performance track record in one of the available share classes; A positive alpha for 5 years or a fund manager change within the prior three years; Fund manager must have 3 years or longer tenure; A clearly distinguishable investment style; A standard deviation that is reasonable for the fund manager's investment style; 3-5 year annualized returns that equals or exceeds benchmark for risk adjusted returns; A beta for 3 years that is reasonable for the fund manager's investment style; and A peer group ranking that places the fund in the top 50% on either a 3 or a 5 year basis.

The terms alpha, beta and standard deviation shall have the meanings assigned thereto in Exhibit A. The Investment Consultant will report to the Committee with the above referenced detail regarding fund and fund managers. The Investment Consultant will provide a record of the analytical process used by the Committee and Investment Consultant in identifying acceptable fund and fund manager characteristics. The Committee may maintain one investment option as the “default” investment for purposes of mapping and non-directed contributions. V. Investment Option Performance and Evaluation The Committee will meet quarterly with the Investment Consultant to review and assess each fund and fund manager and the results achieved by each investment option. This assessment will be based on a comparison to the benchmarks identified in the fund and fund manager characteristics sheet, and a comparison to other investment options with similar fund objectives. The Investment Consultant will provide the following information and reports:

Investment Management Report Annually Investment Perspectives Annually Investment Returns Annually Participant Statements Quarterly

ATTACHMENT B


Fluctuating rates of rates of return characterize the securities markets, particularly during short term time periods. Recognizing that short term fluctuations may cause variations in performance, the Committee will evaluate performance from a long term perspective. Examples of events or situations which would cause the Committee to consider replacement or elimination of investment options include the following:

1. Failure to satisfy the fund and fund manager characteristics identified in Section IV above; 2. Material violation of the investment option’s risk guidelines and/or investment parameters; 3. The investment option’s departure from its investment discipline; 4. Significant and material changes in the investment option’s management, personnel, financial

standing, or industry reputation; or 5. Failure to meet the Plan’s record keeper communication, reporting or operating requirements as

they may exist from time to time. The Committee will provide an annual report to the Plan Sponsor regarding the performance of investment options, and any resulting replacement, elimination or addition of investment options. VI. Education Materials The Investment Consultant will provide the following materials to participants as necessary, but at least annually, in order to meet the educational needs of participants both at enrollment and throughout the life of the Plan: Retirement calculators; Information on web access; Retirement planning guides; Fund and fund manager information; and Any other necessary educational materials.

Acknowledgement

The Committee acknowledges its receipt of this IPS and agrees to its terms and conditions. Carl Hasty, District Manager Date Adam Spear, Legal Counsel Date

The Financial Consultant acknowledges its receipt of this IPS and agrees to its terms and conditions. Joe Ciaramitaro, Raymond James Date

ATTACHMENT B


Exhibit A

“Standard Deviation” is a measure of a fund’s volatility or variability in expected return. As such, it is a measure of risk since risk can be defined as the uncertainty of the expected return. Higher Standard Deviation Numbers indicate higher historical volatility. Standard Deviation is most often used as a measure of risk relative to other securities or indexes. While Standard Deviation does not measure all aspects of investment risk is an important step in measuring volatility and is ideal for measuring a mutual fund portfolio. “Beta” is a measure of a fund’s volatility relative to the market. An index relevant to the security’s stated investment category or peer group is used as a proxy for the market, and is considered to have a beta of 1.00. Therefore, if a fund has a Beta of 1.22, then it has been historically 22% more volatile than the market for the period of years shown. If a fund has a beta of .85, then it has historically been 15% less volatile than the market for the period of years shown. This is why Beta is used as a compliment to Standard Deviation. “Alpha” is a measure of risk adjusted return. The number represents the difference between the security’s actual performance and the performance anticipated in light of the security’s risk posture and market behavior. A positive Alpha indicates that the manager has been successful security selection or market timing or strategic allocation, and has produced a rate of return which is more than commensurate with the fund’s risk posture. Alpha measures value added based on risk taken by the manager in their respective category.

ATTACHMENT B


Investment Policy Statement


Social Security Replacement Account

I. Introduction The Tahoe Transportation District is the plan sponsor (“Plan Sponsor”) of a retirement plan which includes a 401(a) social security replacement account (the “Account”) for its employees. The District Manager and Legal Counsel shall serve as the plan committee (the “Committee”) that will make decisions in connection with the Account. II. Purpose This investment policy statement (this “IPS”) establishes guidelines and policies with respect to the Account and is intended to:

1. Guide the Committee in its selection and retention of an investment option for the Account; 2. Establish appropriate guidelines to monitor the performance of that investment option; and 3. Establish a meaningful basis for the Plan Sponsor and the Committee to meet their fiduciary

responsibilities in connection with the Account. III. Responsibilities

1. Committee

The Committee will respect and observe the guidelines provided herein. The Committee will make all decisions regarding the selection and retention of an investment

option for the Account. The Committee will monitor, supervise, control and account for expenses, costs, fees, and all

other forms of compensation that may have been paid in connection with the Account. The Committee shall ensure that all such items are appropriately applied, utilized and documented.

The Committee will retain the services of a third-party Investment Fiduciary Consultant and Investment Advisor (the “Investment Consultant”) to help guide the Committee through a disciplined investment process. The Committee has retained the services of Joe Ciaramitaro with Raymond James and Associates, as its Investment Consultant.

The Committee will enter into agreements to retain the services of any platform providers, trustees, third-party administrators and other parties necessary to provide the Account, and the District Manager is designated and appointed to act on behalf of the Plan Sponsor in connection with those agreements.

The Committee will report to the Plan Sponsor as provided herein.

2. Investment Consultant The Investment Consultant has advised the Committee on this IPS and will advise the

Committee on any amendment hereto. The Investment Consultant will serve as a fiduciary to the Plan Sponsor and as a co-fiduciary

to participants as contracted for in a separate document and reflected in this IPS. The Investment Consultant will guide the Committee through a disciplined investment process

to select an investment option for the Account and evaluate performance on an on-going basis. The Investment Consultant will document the investment process used and the information

supporting Committee decisions in connection with the Account, including regular financial statements and reports.

The Investment Consultant will serve as the Plan’s relationship manager with participants and conduct participant education and training and respond to questions from participants, both before and after enrollment.

ATTACHMENT B


IV. Investment Option Selection The Committee will work with the Investment Consultant to select a moderate risk fund from the age based or risk based fund category as the investment option for the Account. The selected moderate risk fund will compare favorably to other funds in its category when benchmarked against those funds. The objective of the investment option will be to mitigate investment risk while achieving a reasonable rate of return after the payment of administrative expenses. The fund and fund manager for the investment option will have some or all of the following characteristics: At least 5 years of supportable performance track record in one of the available share classes; A positive alpha for 5 years or a fund manager change within the prior three years; Fund manager must have 3 years or longer tenure; A clearly distinguishable investment style; A standard deviation that is reasonable for the fund manager's investment style; 3-5 year annualized returns that equals or exceeds benchmark for risk adjusted returns; A beta for 3 years that is reasonable for the fund manager's investment style; and A peer group ranking that places the fund in the top 50% on either a 3 or a 5 year basis.

The terms alpha, beta and standard deviation shall have the meanings assigned thereto in Exhibit A. The Investment Consultant will report to the Committee with the above referenced detail regarding the fund and fund manager. The Investment Consultant will provide a record of the analytical process used by the Committee and Investment Consultant in identifying acceptable fund and fund manager characteristics. V. Investment Option Performance and Evaluation The Committee will meet quarterly with the Investment Consultant to review and assess the fund and fund manager and the results achieved by the Account. This assessment will be based on a comparison to the benchmarks identified in the fund and fund manager characteristics sheet, and a comparison to other investment options with similar fund objectives. The Investment Consultant will provide the following information and reports:

Investment Management Report Annually Investment Perspectives Annually Investment Returns Annually Participant Statements Quarterly

Fluctuating rates of rates of return characterize the securities markets, particularly during short term time periods. Recognizing that short term fluctuations may cause variations in performance, the Committee will evaluate performance from a long term perspective. Examples of events or situations which would cause the Committee to consider replacement or elimination of the investment option include the following:

1. Failure to satisfy the fund and fund manager characteristics identified in Section IV above; 2. Material violation of the investment option’s risk guidelines and/or investment parameters; 3. The investment option’s departure from its investment discipline; 4. Significant and material changes in the investment option’s management, personnel, financial

standing, or industry reputation; or 5. Failure to meet the Plan’s record keeper communication, reporting or operating requirements as

they may exist from time to time. The Committee will provide an annual report to the Plan Sponsor regarding the performance of the Account, and any resulting replacement of the investment option.

ATTACHMENT B


Acknowledgement

The Committee acknowledges its receipt of this IPS and agrees to its terms and conditions. Carl Hasty, District Manager Date Adam Spear, Legal Counsel Date

The Financial Consultant acknowledges its receipt of this IPS and agrees to its terms and conditions. Joe Ciaramitaro, Raymond James Date

ATTACHMENT B


Exhibit A

“Standard Deviation” is a measure of a fund’s volatility or variability in expected return. As such, it is a measure of risk since risk can be defined as the uncertainty of the expected return. Higher Standard Deviation Numbers indicate higher historical volatility. Standard Deviation is most often used as a measure of risk relative to other securities or indexes. While Standard Deviation does not measure all aspects of investment risk is an important step in measuring volatility and is ideal for measuring a mutual fund portfolio. “Beta” is a measure of a fund’s volatility relative to the market. An index relevant to the security’s stated investment category or peer group is used as a proxy for the market, and is considered to have a beta of 1.00. Therefore, if a fund has a Beta of 1.22, then it has been historically 22% more volatile than the market for the period of years shown. If a fund has a beta of .85, then it has historically been 15% less volatile than the market for the period of years shown. This is why Beta is used as a compliment to Standard Deviation. “Alpha” is a measure of risk adjusted return. The number represents the difference between the security’s actual performance and the performance anticipated in light of the security’s risk posture and market behavior. A positive Alpha indicates that the manager has been successful security selection or market timing or strategic allocation, and has produced a rate of return which is more than commensurate with the fund’s risk posture. Alpha measures value added based on risk taken by the manager in their respective category.

ATTACHMENT B


TAHOE TRANSPORTATION DISTRICT RESOLUTION NO. 2015-008

A RESOLUTION DELEGATING ADMINISTRATION OF THE TAHOE TRANSPORTATION DISTRICT EMPLOYEE RETIREMENT PLAN TO

THE DISTRICT MANAGER

WHEREAS, the Tahoe Transportation District (TTD) is a governmental employer under Code section 414(d) and not subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA); and

WHEREAS, TTD does not participate in the Social Security system; and WHEREAS, TTD has established a new standalone employee retirement plan consisting

of a deferred compensation plan, a defined contribution plan, and a social security replacement plan (the “Retirement Plan”); and

WHEREAS, delegating administrative responsibilities to staff in connection with the

Retirement Plan will improve administrative efficiency and reduce the amount of administrative work required of the Board of Directors.

NOW, THEREFORE, BE IT RESOLVED, that the TTD Board of Directors delegates all

day-to-day administration of the Retirement Plan to the District Manager or his designee except for decisions regarding the creation or dissolution of the Retirement Plan, amendments to the Retirement Plan documents, eligibility for participation and contribution amounts.

The District Manager is hereby authorized and directed to take any and all further actions

deemed necessary or desirable in carrying out the foregoing intentions of the Board as set forth in this resolution.

PASSED AND ADOPTED by the TTD Board of Directors at its regular meeting held on

June 12, 2015 by the following vote: Ayes: Nays: Abstain: Absent: _____________________________ Steve Teshara, Chair Tahoe Transportation District

ATTACHMENT C


ST/jw AGENDA ITEM: VIII.E.

MEMORANDUM

Date: June 8, 2015 To: Tahoe Transportation District (TTD) Board of Directors From: Executive Director Evaluators Steve Teshara, Board Chair Marsha Berkbigler, Vice Chair Subject: Presentation of Fiscal Year 2015 District Manager Evaluation, Discussion and

Possible Action on Evaluators’ Recommendation Action Requested: Following the presentation and discussion, it is requested the Board consider the findings and recommendations presented as an outcome of the Fiscal Year 2015 (FY 2015) District Manager Performance Evaluation process. Fiscal Analysis: All expenditures associated with this item are accounted for in the FY 2016 Work Program and associated budget as adopted by the TTD Board on May 8, 2015. Background: Carl Hasty serves the Board as District Manager based on an Agreement for Services. In FY 2013, the Board and Carl agreed on an annual evaluation process. Previously, the evaluation was conducted every two years. Currently, the District Manager salary is $120,000 per year. Consistent with Agreement Section 7, the evaluation process includes the following: a. The TTD Chair and one other TTD Board member shall meet to review the District

Manager’s performance for the prior year and evaluate whether his performance meets, exceeds, or falls below expectations for each of the duties in Section 6 and the objects in Exhibit A in the Agreement;

b. The District Manager shall prepare a self-evaluation for each of the duties in Section 6 and the objectives in Exhibit A in the Agreement;

c. The TTD Chair and other Board member shall meet and confer with the District Manager regarding their initial determination and the District’s Manager’s self-evaluation, and identify any areas of disagreement;

d. The TTD Chair and the other Board member shall finalize a written determination as to whether the District Manager’s performance meets, exceeds, or falls below expectations, of each of the duties in Section 6, the objectives in Exhibit A, and list of additional performance objectives provided as part of the previous year’s evaluation.

e. The TTD Chair and other Board member shall present their written determination to the TTD Board. The District Manager shall have the opportunity to address the Board at that meeting.


ST/jw AGENDA ITEM: VIII.E.

f. Following discussion, the TTD Board shall vote as to whether the District Manager’s overall performance meets or falls below expectations for the prior year.

For this evaluation cycle, Board Chair requested and secured the participation of Vice Chair Marsha Berkbigler to join him in conducting this year’s evaluation process. With this report, the evaluators confirm that steps a through e, above, have been accomplished. The attachments to this report represent the evaluators’ findings and support the recommendations below. Also attached for reference is Carl’s FY 2015 self-evaluation. Discussion: The evaluators have determined that Carl Hasty’s performance as District Manager during FY 2015 has met or exceeded the Board’s expectations as defined in Section 6 and Exhibit A of the Agreement for Services, and the objectives provided to the Manager as part of his FY 2014 evaluation.

Consistent with the provisions of Exhibit C, Salary and Benefits, the evaluators recommend for Board approval that the District Manager receive a four percent salary increase for FY 2016 based on his FY 2015 Performance Evaluation.

The evaluators also recommend the list, below, of specific District Manager objectives for FY 2016. Carl has identified these objectives with the concurrence of the evaluators. Specific additional District Manager objectives for FY 2016:

1. Bring US 50 Community Revitalization Project forward for certification and approval. 2. Bring a Business Plan or RFP forward for District Transit Operations. 3. Complete Corridor Plans, Short and Long-Range Transit Plans, and Transit Facility Plan. 4. Provide public outreach and construction oversight for the North Demonstration Trail

Project (Eastshore), SR 89/Fanny Bridge Community Revitalization Project, and Meeks Bay Bike Trail Project.

5. Complete Highway 28 (Eastshore) Central Corridor Trail Project Environmental Document.

6. Identify funding to advance completion of the Cross Lake Passenger Ferry Project Environmental Document.

7. Aggressively pursue funding streams to maintain and/or advance District program elements.

Additional Information: If you have any questions or comments regarding this item, please contact Steve Teshara at (775) 589-5500. Attachments:

A. Performance Review prepared by Evaluators B. District Manager’s Self-Evaluation


Performance Evaluation Carl Hasty, District Manager Tahoe Transportation District Period: July 1, 2014 through June 30, 2015 (FY-2015) Evaluators: Steve Teshara, TTD Board Chair Marsha Berkbigler, Vice Chair Evaluation Standards The following standards have been adopted by the Board to be used to evaluate the District Manager on performance objectives established the prior year and on the other duties listed in Section 6 of the Agreement for Services between the Board and Manager. A. Exceeds Expectations • Achieved all significant aspects of objectives and exceeded some; • Demonstrated requisite skills and knowledge and took initiative to enhance or increase skills; • Sought out innovative solutions to accomplish objectives and incorporated continuous

improvement into results. B. Meets Expectations • Achieved significant aspects of objectives; • Demonstrated requisite skills and knowledge and applied them to achieve objectives; • Achievement of objectives required more coaching than normally expected. C. Below Expectations • Failed to achieve significant aspects of objectives; • Demonstrated lack of significant skills, knowledge and experience; • Performance improvement plan is necessary Performance Evaluation Rating 1. Skill and proficiency in carrying out assignments. Meet/Exceed 2. Possesses and uses skills and knowledge to perform job competently. Meet/Exceed 3. Skill at planning, organizing and prioritizing workload. Meet/Exceed (For himself and direct reports) 4. Holds self accountable for assigned responsibilities. Meet/Exceed Sees tasks through to completion in a timely manner. Note: Some delays in task/project completion were beyond Manager’s control. 5. Proficiency at improving work methods and procedures as a means toward greater efficiency. Meet/Exceed 6. Communicates effectively with direct reports, staff, peers, and customers. Meet/Exceed 7. Ability to work independently. Meet/Exceed 8. Ability to work cooperatively work staff, District partners, customers/public. Meet/Exceed

ATTACHMENT A

ST/jw AGENDA ITEM: VIII.E.TTD/C Board Meeting Packet - June 12, 2015 -Page 168-

9. Willingness to take on additional responsibilities. Meet/Exceed Note: Carl continues to demonstrate an ability to adapt to changing circumstances. 10. Reliability (attendance, punctuality, meeting deadlines). Meet/Exceed 11. Adeptness at analyzing facts, problem solving, decision-making, and Meet/Exceed demonstrating good judgment. Additional Performance Competencies 12. Displays fairness towards all staff. Meet/Exceed 13. Identifies performance expectations, gives timely feedback and Meet/Exceed conducts formal performance appraisals. 14. Helps employees to see potential for developing their skills; assists Meet/Exceed them in eliminating barriers to their development. 15. Delegates responsibility where appropriate, based on employees Meet/Exceed ability and potential. 16. Takes timely and appropriate corrective/disciplinary action with Meet/Exceed employees. 17. Takes steps to create and develop diverse TTD workforce and promote Meet/Exceed inclusive environment. Performance Objectives Established as part of 2014 Evaluation 1. Long Range Transit Planning internal and external to the Basin, including Meet/Exceed facilities. Note: Staff position established to lead this work, in addition to contract with HDR and establishment of Project Development Teams (PDT). 2. Implement Corridor Planning to address termini for the ferry Meet/Exceed (at a minimum) and all of Tahoe corridors, dependent on funding. Note: Funding secured for corridor planning (not just for ferry project), consultant team selected, stakeholders identified and invited and two workshops held to date. 3. Complete and bring forward the business case analysis for transportation Meet/Exceed investments. Note: Refer to Carl’s “Brief Explanation” in his self-evaluation. 4. Advance Tahoe funding language in the federal transportation bill Meet/Exceed (Reauthorization of MAP-21) and in California legislation. Note: Refer to Carl’s “Brief Explanation” in his self-evaluation. 5. Complete and bring forward 2015 and 2016 funding initiatives. Meet/Exceed Note: Refer to Carl’s comprehensive “Brief Explanation” in his self-evaluation.

ATTACHMENT A


6. Bring the SR 89/Fanny Bridge project forward for decision and Meet/Exceed construction award. Note: Refer to Carl’s “Brief Explanation” in his self-evaluation. 7. Bring the US 50 project forward and prepped for decision in late Meet 2015, early 2016. Note: Refer to Carl’s “Brief Explanation” in his self-evaluation. Some of the delays in advancing this project were related to the additional time and focus required to ensure success in securing approvals for the SR 89/Fanny Bridge project. In addition, some delays were related to factors beyond the direct control of the District Manager. 8. Advance the “North Demo” trail project to begin construction. Meet Note: Some delays in advancing this project were beyond District Manager’s control. 9. List specific activities as part of employees professional development Meet to be completed in upcoming year. Note: Refer to Carl’s “Brief Explanation” in his self-evaluation. 10. In the coming year, how will you provide guidance and assistance for the Meet/Exceed* employees to accomplish his/her goals? Carl’s Response: “As with last year, I will work with the Chair and Board to advance my work program goals. I have found that tack to be very beneficial and helpful in moving forward efficiently.” *Rating based on Carl’s use of this approach during the FY 2014-2015 period. Additional Evaluator Comments In addition to the Recommendation presented for Board consideration, the evaluators provide the following comments: • We commend Carl for initiating the practice of providing a District overview and briefing for

new members of the Board of Directors. We urge this practice be continued. • We encourage Carl to continue his focus on the importance of partnership relations for both

projects and planning initiatives. • The Board supports Carl’s efforts to ensure the District is able to engage and retain project

delivery capacity on staff in addition to what capacity can be provided by consultants.

ATTACHMENT A


June 2015 Page 1

Performance Review Form

Job Definition 1. Attach a current position description; if applicable, make note of any significant changes since last year’s performance review.

Performance Competencies (Depending on position, some competencies may be more relevant than others.)

Exceptional: Performance is consistently superior and significantly exceeds position requirements.

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le Highly Effective: Performance frequently exceeds position requirements.

Proficient: Performance consistently meets position requirements.

Inconsistent: Performance meets some, but not all position requirements.

Unsatisfactory: Performance consistently fails to meet minimum position requirements; employee lacks skills required or fails to utilize necessary skills.

New/Not Applicable: Employee has not been in position long enough to have demonstrated the essential elements of the position and will be reviewed at a later agreed upon date.

1. Skill and proficiency in carrying out assignments

Brief explanation:

2. Possesses and uses skills and knowledge to perform the job competently

Brief explanation:

3. Skill at planning, organizing and prioritizing workload (For self and direct reports, if applicable)

Brief explanation:

4. Holds self accountable for assigned responsibilities; sees tasks through to completion in a timely manner

Brief explanation:

5. Proficiency at improving work methods and procedures as a means toward greater efficiency

Brief explanation:

6. Communicates effectively with supervisor, peers, and customers

Brief explanation:

7. Ability to work independently

Brief explanation:

8. Ability to work cooperatively with supervision or as part of a team

Brief explanation:

Employee’s Name: Carl Hasty

Title: District Manager

Supervisor: Chair/Board

Review Period: FY 15

ATTACHMENT B



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9. Willingness to take on additional responsibilities

Brief explanation:

10. Reliability (attendance, punctuality, meeting deadlines)

Brief explanation:

11. Adeptness at analyzing facts, problem solving, decision-making, and demonstrating good judgment

Brief explanation:

Additional performance competencies for employees with supervisory responsibilities

12. Displays fairness towards all subordinates.

Brief explanation: I will give my staff every opportunity to perform and develop themselves and their work. I view each on the team as an important investment. I seek a dedicated, stable, and high performance team here for the long run.

x

13. Identifies performance expectations, gives timely feedback and conducts formal performance appraisals.

Brief explanation: I have high expectations of staff and do not micro manage. I conduct all staff appraisals in June to coincide with the fiscal year.

x

14. Helps employees to see the potential for developing their skills; assists them in eliminating barriers to their development.

Brief explanation: My approach is one of mentor to staff. I try to make myself very available and coach. I look for their potential and work to keep staff on the edge of their comfort zone, including myself, since so much of what we have to accomplish demands new breakthroughs.

x

15. Delegates responsibility where appropriate, based on the employee’s ability and potential.

Brief explanation: As noted above since we are a small and highly performing organization delegation, self-motivation, and competency are key elements to the District’s success by its staff. Delegation is instrumental in our team working environment

x

16. Takes timely and appropriate corrective/disciplinary action with employees.

Brief explanation: This is rare in our work in terms of disciplinary action. Typical relational or task oriented corrections and direction are made as needed.

x

ATTACHMENT B



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17. Takes specific steps to create and develop their diverse workforce and to promote an inclusive environment.

Brief explanation: Our work requires an extremely inclusive environment both on staff and between our partners for us to be successful. It is part of our culture and we discuss it, monitor it often, and adjust often to maintain success.

x

ATTACHMENT B


Performance Objectives Given at Last Evaluation

1. Expectations and Goals:

• Long range transit planning internal to the basin and external to the basin, including facilities.

Brief explanation: This planning is underway. Funding has been secured and a contract let with HDR. Project Development Teams (PDTs) have been established and the first workshops held. This work is expected to be completed in FY16. • Implementation corridor planning addressing the termini for the ferry at a minimum and all of

Tahoe corridors dependent on funding.

Brief explanation: This planning work has commenced. Funding was secured and a contract let with HDR. This work is combined with the long range transit planning. It will also provide the basis for an update of the Regional Transportation Plan or RTP. PDT's have been established for the corridors and the first work sessions held. This work is expected to be completed in FY16. Staff has also been tasked with preparing a potential P3 proposal for funding this project. • Complete and bring forward the business case analysis for transportation investments.

Brief explanation: The business case analysis work is completed for transportation investments. The work contracted with CH2MHill and Derek Morse Associates resulted in a Trans Sierra Transportation Plan and corresponding Economic Analysis document. The former oriented as a public education piece, and the latter as a more technical economic analysis evaluating three funding scenarios; their impact on the larger 11 county bi-state area; and their impact on each county. This work has begun to become part of the District's outreach message and education on the needs, demands, and benefits to Tahoe and surrounding area supporting transportation investments. I now look to use it more and develop coordinated messaging efforts with Trans Sierra partners in FY16. • Advance funding language in the federal transportation and California bills.

Brief explanation: The District's effort to assign a population and density number to the MPO designation has resulted in California bill SB 231, and is working its way through the legislative process in the current session. This bill would open the door to additional changes in other transportation funding sources, but targets STA sources for transit. On the federal side, language has been vetted and developed in consultation with delegation staff, FHWA staff, and FTA staff. That language has also been vetted with delegation staff in conjunction with the proposed reauthorization of the Lake Tahoe Restoration Act. The expected goal and outcome is to be incorporated in the reauthorization bill for transportation. The success of that goal is dependent on the choices of Congressional leadership in FY 2016.

ATTACHMENT B


• Complete and bring forward 2015 and 2016 funding initiatives.

Brief explanation: The District has brought forward and worked on several funding initiatives, including other respective legislation. Among the initiatives have been grant applications for transit services, including renewal of the mobility program efforts, Bluego services, restoration of west shore service, and working with NV State Parks to secure new match sources for the East Shore service. The District's project application for California Active Transportation Program (ATP) securing the balance of construction funds for its Federal Lands Access Program (FLAP) projects was unsuccessful in FY 15. The District has worked diligently to successfully retain the FLAP funds for those projects.

The District has achieved an excellent proactive working relationship with both Caltrans and Central Federal Lands Highway Division (CFLHD) for these projects. With the support of both Caltrans and CFLHD, the District has submitted an FY16 ATP application to secure the last construction funds needed for the FLAP bundle. The approval of SR89 Fanny Bridge Community Revitalization Project has also secured an additional $4.27 million in FLAP funds for the bundle. The same diligence has been expended on the North Demo Project to arrive at a revised scope and budget for the first three miles of bike trail, expanded parking facilities, erosion control, and removal of uncontrolled roadside parking.

All of these projects are complicated in numerous ways: the number of organizations and approvals, funding sources and restrictions, technical challenges, politically, coordination, and consultation to name a few. Securing funding and approvals is but one set of major steps that mark a milestone, the next steps progression into construction and administration/oversight and bring with them, the same demand for diligence, time, communication, and public outreach.

Other funding initiatives lead or initiated by the District this past year included the Unified Plan for Transportation Investments in Nevada. This project began in FY14 with the MPOs and NDOT in Nevada advocating for an educational program to address the state's transportation system funding needs for the long-term. This resulted in the production of an educational piece calling for the creation of a statewide unified strategic investment plan modeled after the successful efforts in Utah. The resultant work illustrates how Nevada is looking at a 57% funding shortfall for its transportation system needs, including transit. The District also supported AB 431 to create an Interim Legislative Committee for Transportation to foster a Unified Plan development and prepare for the 2017 session to address funding sources. This bill was not successful. The District will remain active on this effort in FY16 because of its importance to Tahoe's program. The District also supported the amendment for AB 413 for a statewide indexing ballot initiative. The combination of these efforts has successfully brought the District recognition for its support and leadership on transportation needs amongst its peers and within political circles important to its future success.

A local funding initiative of the District has been the Connecting Communities effort in Douglas County. Working with the County staff and business community in both the valley and at the Lake, this effort has moved forward over the fiscal year and supported the Commission to take action on the three options legislatively available to them to establish local transportation funding sources- the nickel gas tax, sales tax, and utility franchise tax. This support effort will continue in 2016 and is expected to evolve into the index ballot effort needed for 2016. In other local efforts, the District continues to participate and support the transit vision in Placer County and the self-help effort for 2016.

• Bring the SR89 project forward for decision and construction award.

Brief explanation: This project was successfully brought forward through four separate board hearings and decisions: the District's, TRPA's Advisory Planning Commission, Placer County Board of Supervisors, and the Tahoe Regional Planning Agency. These approvals trigger the NEPA approval by CFLHD and complete the CEQA, TRPA, and NEPA approval process, successfully bringing to a close one project chapter and opening another. Clearing this major hurdle brings the project to new territory and advances it to final design construction. One funding hurdle remains and that is the final programming of the balance of construction funds from California sources.

Final design is expected to be completed in the first half of FY16, a contractor secured, and the first phases of the project commence construction next construction season. The District's challenge will be to fund staff and outreach time for the project in the first half of the fiscal year, made easier once the last of construction funds are programmed.

ATTACHMENT B


• Bring the US50 project forward and prepped for decision in late FY 15, early FY 16.

Brief explanation: The Project Report and housing reports which form the basis for the environmental document analysis for the project have been completed this fiscal year. The SR89 project approval process took longer than expected, so the US 50 project has been pushed out a quarter. Taking lessons learned from the rollout of SR89, the District will begin to focus its outreach on the US 50 project in the first half of FY16, with the draft environmental document expected to be ready in the second quarter. Certification and the approval process are expected to commence in the third quarter and likely not be completed until the last quarter.

• Advance the North Demo project to begin construction.

Brief explanation: The North Demo Project has progressed slower than expected, primarily due to sorting out the final scope and budget relevant to the FLAP approval requirements. Seventy percent design is expected to be completed by the end of this fiscal year for the first mile, and advance for the balance of the project by the first quarter of FY16. Construction will not commence until next construction season. Work has continued to develop the long-term maintenance agreements amongst partners with a final draft in the review and signing process now.

The North Demo Project did not result in the full scope made in the FLAP application, and so has resulted in two parts- the first three miles and expanded developed parking and what the District is calling the Central Corridor. The Central Corridor is the next eight mile stretch from Sand Harbor to Spooner Summit. Thirty percent design and initiation of the environmental document analysis is underway and is expected to be completed in FY16. This includes the integration of IVGID's replacement sewer pipeline and additional developed parking, including a Spooner Summit park and ride.

2. List specific activities as part of employee’s professional development to be completed in upcoming year.

• I want to focus on capital program development/management and organizational development training.

Brief explanation: I did not find and participate in formal training in this area. I did spend considerable time researching, consulting with others, and reviewing other models addressing the needs and challenges the District faced this year with staffing changes and funding realities. I will continue to look for any training or resources that will help the District address its near and long-term operations for transit, capital projects, and planning.

3. In the coming year, how will you provide guidance and assistance for the employee to accomplish his/her goals?

• I will work with the Chair and Board to advance work program goals.

Brief explanation: As with last year, I will work with the Chair and Board to advance my work program goals. I have found that tack to be very beneficial and helpful in moving forward effectively.

Goal Setting and Development Planning

1) List expectations and goals for the coming year:

• Bring US 50 forward for certification and approval • Bring a business plan or RFP forward for transit operations • Complete corridor plans, short and long range transit plans, and transit facility plan • Provide public outreach and construction oversight for Meeks, Fanny, and SR28 • Complete Central Corridor environmental document • Find funding to advance completion of ferry environmental document • Aggressively pursue funding streams to maintain and/or advance District program elements

ATTACHMENT B


Employee Comments

This annual performance review will become part of your personnel file. Please sign below to acknowledge that you have received this document.

Employee’s Signature: Date:

Supervisor’s Signature: Date:

ATTACHMENT B
