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9.0 FARE REVENUE <br /> 9.1 Revenue Apportionment. All revenue received from ORCA sales will be distributed from ORCA <br /> Accounts held by the Regional ORCA Operations Team (ROOT) in accordance with the following: <br /> 9.1.1 Revenue received from the sale of products usable only on a single Agency's <br /> transportation service shall be remitted to that Agency. <br /> 9.1.2 Revenue received from the sale of E-purse value will be deposited to the E-purse Account <br /> held by the ROOT on behalf of the Agencies and shall be distributed to each Agency <br /> according to the use made of said E-purse value for payment of fare for travel on each <br /> Agency's transportation services. <br /> 9.1.3 Revenue received from the sale of regional pass products valid on multiple Agencies <br /> shall be distributed among those participating Agencies in proportion to the total value of <br /> the transportation services used on each Agency during the pass validity period. <br /> 9.1.4 Revenue received from the sale of Business Passport products which are valid on <br /> multiple Agencies shall be distributed among those Agencies based on the pricing <br /> methodology selected by the business entity contracting for transit services. <br /> 9.1.5 An Agency may submit a claim for fare revenue not distributed to it through the revenue <br /> apportionment process. A claim shall state the reason the Agency believes it is entitled <br /> to the revenue claimed and shall be supported by documentation. All claims will be <br /> reviewed by a committee established by the Joint Board, which shall make a <br /> recommendation to the ORCA Director. If a claim is approved by the ORCA Director, it <br /> will be processed by the ROOT Agency. <br /> 9.2 Funds Settlement. <br /> 9.2.1 Each Agency shall establish a Settlement Account pursuant to Section 7.1.9. Each <br /> Agency shall establish an automated clearinghouse (ACH) authorization with its own <br /> bank to allow the transfer of funds to and from each Agency's Settlement Account and <br /> the ORCA Accounts held by the ROOT, and authorize the ROOT to initiate daily net <br /> settlements between the various Agency accounts and the ORCA Accounts pursuant to <br /> Section 8.0. Agencies shall designate the bank accounts that will be used in the net <br /> settlement process, and establish the ACH authorization as outlined in Section 8.0 of this <br /> Agreement. <br /> 9.2.2 The Agencies acknowledge that the ROOT will use a net daily settlement process to <br /> simplify and reduce the number of transfers necessary to accomplish reconciliation. <br /> 9.2.2.1 Revenues received from sales of pass products will be distributed to the <br /> Agencies' accounts approximately thirty (30) days after the end of the month <br /> in which the pass was valid. <br /> 9.2.2.2 Revenues received from sales of E-purse will be distributed to the Agencies' <br /> bank accounts approximately three (3) days after the value was used for fare <br /> payment. Transactions involving transfers between Agencies will be subject to <br /> a reapportionment process thirty (30) days following the transaction. <br /> 26 <br />