The Legislative Audit Committee has introduced a bill that modifies the definition of "operating costs" for the Regional Transportation District (RTD). Key aspects of the bill include:
Revised Definition: "Operating costs" will now encompass all operating expenditures, excluding depreciation.
Simplified Reporting: This change aims to streamline RTD's reporting of cost-efficiency metrics by removing the need to account for depreciation separately.
This adjustment is expected to provide a clearer picture of RTD's operational expenses by focusing on actual expenditures, thereby enhancing transparency and facilitating more straightforward financial assessments.
Summary
Legislative Audit Committee. Currently, for purposes of
reporting cost efficiency metrics, the regional transportation district is required to calculate operating costs by including depreciation and excluding costs incurred in long-term planning and development of mass transportation and rapid transit infrastructures and the costs incurred as a result of providing transportation services mandated by the federal Americans with Disabilities Act of 1990. The bill changes the definition of operating costs to mean all operating expenditures, excluding depreciation.
