SPECIAL FUNDS
Fund 146: i SHUTTLE FUND This fund was established to account for operation of iShuttle services in the Irvine Business Center (IBC) and Irvine Spectrum areas. In January 2011, the City entered into a cooperative agreement with the Orange County Transportation Authority (OCTA) to transfer $121.3 million of Proposition 116 funds to OCTA in exchange for a 30-year funding stream for iShuttle operations and maintenance, bus purchases and/or leases, and support costs up to a maximum annual obligation provided in the agreement. The City is responsible for providing an annual contribution to OCTA of ten percent of the operating expenditures.
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FY 2023-25 Adopted Budget
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