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CVTA TAC discusses regional cash‑flow and a vision "wish list" for future projects; staff to send data to finance
Summary
TAC reviewed a consolidated regional spend‑down spreadsheet for projects already awarded regional CVTA funds and agreed to forward the existing spend‑down schedules to the CVTA finance committee for analysis.
CVTA staff shared a summary spreadsheet that breaks projected CBTA regional spend‑down by jurisdiction and fiscal year and asked members for feedback on completeness and formatting. Chet said the table shows awarded regional funds and the expected timing for when jurisdictions plan to spend those funds, and explained the tool is intended both to match current allocations and to help the authority plan longer‑term financing strategies such as issuing bonds.
Members agreed the spreadsheet currently contains existing allocated projects (about 45 projects from prior rounds) and that a separate vision or wish‑list of future regionally eligible projects should be added to the database. Joe and others said large, long‑lead projects (interchanges, new alignments, BRT build‑outs) should be included so finance staff can understand the order‑of‑magnitude need when considering bonding or other financing. Chet suggested a phased approach: jurisdictions provide project name, order‑of‑magnitude cost, and an approximate target fiscal year (for example, FY30) rather than detailed quarter‑by‑quarter cash flows.
Members asked that VDOT‑administered projects be clearly attributed to sponsoring localities in the summary so the regional table does not appear to crowd all entries under VDOT. Dorona requested a footnote clarifying which projects are VDOT‑administered versus jurisdiction‑administered.
TAC agreed to refer the existing spend‑down schedules to the CVTA finance committee (motion approved). Chet said he will share the consolidated cash‑flow table with finance staff (Rebecca Longacre was named as a finance contact during discussion) and work with jurisdictions to collect vision/wish‑list inputs by October 9 so the item can be discussed at the October 16 TAC meeting.
Ending: Staff will circulate the consolidated cash‑flow spreadsheet to finance staff and will collect wish‑list project entries from jurisdictions (project name, order‑of‑magnitude cost, and an approximate target fiscal year) for further finance analysis.
