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Transit Assets

Overview

Transit Assets

Transit Asset Management (TAM) is a key component of the federal performance-based planning process. FTA published the TAM Final Rule on July 26, 2016 (effective date of October 1, 2016) to define the term state of good repair and to establish minimum Federal requirements for transit asset management that apply to all recipients and subrecipients of chapter 53 funds that own, operate, or manage public transportation capital assets. The TAM Final Rule divides providers into two categories based on size of fleet: Tier I and Tier II. In the CRTPO Planning Area, CATS is a Tier I agency and ICATS and Union County Transit are Tier II agencies. The distinctions in requirements for Tier I and Tier II agencies are detailed in the sections below.

Performance Measures & Targets

The TAM performance measures in the tables below were established as part of the TAM Final Rule. Transit operators who are recipients or subrecipients of chapter 53 funds are required to submit TAM targets to the National Transit Database (NTD) annually. CATS adopted the current TAM targets in May 2020. NCDOT, on behalf of the Tier II agencies in the state, adopted the current TAM targets in April 2020.

Please note: TAM targets are updated annually by CATS and NCDOT on the behalf of the Tier II agencies.

CATS TAM Targets

Asset Category: Rolling Stock

% of revenue vehicles within a particular asset class that have met or exceeded their Useful Life Benchmark (ULB)

Vehicle ClassTypeUseful Life Benchmark (ULB)FY22 Target
CATS
FY22 Target
NCDOT
BROver-the-road Bus14 years69%N/A
BUBus12 years (CATS)
14 years (NCDOT)
13%20%
CUCutaway Bus5 years (CATS)
10 years (NCDOT)
11%20%
LRLight Rail30 years6%N/A
MVMini-van8 years0%20%
SRStreetcar30 years6%N/A
VNVan5 years (CATS)
8 years (NCDOT)
48%20%
Asset Category: Rolling Stock Table

Asset Category: Equipment

% of non-revenue vehicles within a particular asset class that have met or exceeded their Useful Life Benchmark (ULB)

Vehicle ClassTypeUseful Life Benchmark (ULB)FY22 Target
CATS
FY22 Target
NCDOT
AOAutomobile
(non-revenue)
8 years43%20%
AOTrucks and Other Rubber Tire Vehicles14 years43%20%
AOSteel Wheel Vehicles25 years50%N/A
Asset Category: Equipment table

Asset Category: Facilities

% of facilities with a condition rating below 3.0 on the FTA Transit Economic Requirements Model (TERM) Scale

Facility TypeUseful Life Benchmark (ULB)FY22 Target
CATS
FY22 Target
NCDOT
Administrative and MaintenanceN/A0%20%
Passenger and ParkingN/A3%20%
Asset Category: Facilities table

Asset Category: Infrastructure

% of track segments with performance restrictions

Infrastructure TypeUseful Life Benchmark (ULB)FY22 Target
CATS
FY22 Target
NCDOT
LRLight RailN/A8%N/A
SRStreetcar RailN/A5%N/A
Asset Category: Infrastructure table

*Targets established by CATS and NCDOT in 2021 and adopted by CRTPO Board in 2022.

Transit operators must update their TAM targets annually.  MPOs are encouraged to update their TAM targets when they update their TIP or MTP.

Plans

As part of the TAM Final Rule, every agency that owns, operates, or manages capital assets used to provide public transportation and receives federal financial assistance under 49 U.S.C. Chapter 53 as a recipient or subrecipient must develop a TAM Plan. The TAM Final Rule required initial TAM plans to be developed by October 1, 2018. A TAM Plan update is required at least every four years but the plan can be amended at any time.

Tier I agencies must develop their own TAM plan and comply with all nine elements defined in the TAM Final Rule. Tier II agencies may develop their own plans or participate in a group TAM plan, which is compiled by a group TAM plan sponsor (generally the State DOT). Tier II agencies are responsible for only the first four plan elements (as outlined in the TAM Final Rule).

CATS developed its TAM plan in October 2018. NCDOT completed its group TAM plan on behalf of the Tier II agencies in October 2018. Both agencies are required to update these plans by October 2022.
 

Reporting

Transit operators do not submit their TAM plans to FTA, although they must be available for review and ongoing oversight. Transit operators are required to share their TAM plans with State DOT and MPO planning partners.

Transit operators are required to report annually to FTA’s NTD based on their system’s fiscal year end:

  • January 1st – June 30th: Report by last business day of October
  • July 1st – September 30th: Report by last business day of January
  • October 1st – December 31st: Report by last business day of April

Submissions must include asset inventory data, condition assessments and performance results, projected targets for the next fiscal year, and a narrative report on changes in transit system conditions and the progress toward achieving previous performance targets.

CRTPO reported its TAM targets to NCDOT and CATS in the form of a resolution.

Accountability & Transparency

In progress
 

Additional Resources