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DOTFTAU.S. Department of TransportationFederal Transit AdministrationApplication Federal Award Identification Number (FAIN)IA202300101Temporary Application Number181220229Award NameFormula 5311 Operating/RTAP/Planning/CapitalApplication
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Formula 5311 is a financial reporting document used by public transportation agencies to apply for federal funding under the Rural Transit Assistance Program (RTAP). It allows agencies to report their planned capital expenditures and operating expenses.
Public transportation agencies that receive or seek federal funding under the 5311 program are required to file the formula 5311 operating/RTAP planning/capital.
To fill out the formula 5311, agencies must provide detailed information about their operational costs, planned capital projects, sources of funding, and demographic data on their service area. Proper instructions and guidelines are often provided by the funding agency.
The purpose of formula 5311 is to ensure that rural public transit systems receive necessary funding for operational and capital projects, thereby improving transportation services in underserved areas.
Agencies must report operational expenses, planned capital expenditures, current funding sources, service area demographics, and projected ridership data on the formula 5311.
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