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Finance and Administration Committee

February 19, 2026 ·10:30 AM FINAL

Board Room

Agenda PDF 📹 Watch video Official record ↗

Agenda — 47 items

  1. 1 Committee Members
  2. 2 Michael Hennessey, Chair Patrick Harper, Vice Chair Jamey M. Federico William Go Carlos A. Leon Vicente Sarmiento Mark Tettemer
  3. 3 Accessibility
  4. 4 Any person with a disability who requires a modification or accommodation in order to participate in this meeting should contact the Orange County Transportation Authority (OCTA) Clerk of the Board's office at (714) 560-5676, no less than two business days prior to this meeting to enable OCTA to make reasonable arrangements to assure accessibility to this meeting.
  5. 5 Agenda Descriptions
  6. 6 Agenda descriptions are intended to give members of the public a general summary of items of business to be transacted or discussed. The posting of the recommended actions does not indicate what action will be taken. The Committee may take any action which it deems to be appropriate on the agenda item and is not limited in any way by the notice of the recommended action.
  7. 7 Public Availability of Agenda Materials
  8. 8 All documents relative to the items referenced in this agenda are available for public inspection at www.octa.net or through the Clerk of the Board’s office at the OCTA Headquarters, 600 South Main Street, Orange, California.
  9. 9 Meeting Access and Public Comments on Agenda Items
  10. 10 Members of the public can either attend in-person or access live streaming of the Committee meetings by clicking this link: https://octa.legistar.com/Calendar.aspx
  11. 11 In-Person Comment
  12. 12 Members of the public may attend in-person and address the Board regarding any item within the subject matter jurisdiction of the Orange County Transportation Authority. Please complete a speaker’s card and submit it to the Clerk of the Board and notify the Clerk regarding the agenda item number on which you wish to speak. Speakers will be recognized by the Chair at the time of the agenda item is to be considered by the Board. Comments will be limited to three minutes. The Brown Act prohibits the Board from either discussing or taking action on any non-agendized items.
  13. 13 Page Break
  14. 14 Written Comment
  15. 15 Written public comments may also be submitted by emailing them to ClerkOffice@octa.net, and must be sent by 5:00 p.m. the day prior to the meeting. If you wish to comment on a specific agenda Item, please identify the Item number in your email. All public comments that are timely received will be part of the public record and distributed to the Board. Public comments will be made available to the public upon request.
  16. 16 Call to Order ▶ jump to 0:06
  17. 17 Pledge of Allegiance
  18. 18 Director Leon
  19. 19 Closed Session
  20. 20 There are no Closed Session items scheduled.
  21. 21 Special Calendar
  22. 1. Committee Meeting 2026 Schedule 25-6479 approved and passed Pass ▶ jump to 31:28
  23. 2. Roles and Responsibilities of the Finance and Administrative Committee 25-6480 approved and passed Pass ▶ jump to 35:16
  24. 24 page break
  25. 3. Investment Management Presentation - Payden & Rygel 26-6624 receive and file information item ▶ jump to 0:43
  26. 26 Consent Calendar (Items 4 through 10) adopted Pass ▶ jump to 35:45
  27. 27 All items on the Consent Calendar are to be approved in one motion unless a Committee Member or a member of the public requests separate action or discussion on a specific item.
  28. 4. Approval of Minutes 26-6724 approved and passed Pass
  29. 5. Audit Responsibilities of the Finance and Administration Committee 26-6712 approved for the Board - Consent Pass
  30. 30 page break
  31. 6. Board Member Compensation, Mileage Reimbursements, and Training Requirements, Internal Audit Report No. 26-507 26-6706 approved for the Board - Consent Pass
  32. 7. Approval of Local Transportation Fund Fiscal Year 2026-27 Apportionment Estimates 26-6587 approved for the Board - Consent Pass
  33. 33 page break
  34. 8. Local Transportation Fund Claims for Fiscal Year 2026-27 26-6588 approved for the Board - Consent Pass
  35. 9. Orange County Transportation Authority Investment and Debt Programs Report - December 2025 26-6605 approved for the Board - Consent Pass
  36. 36 page break
  37. 10. Amendment to Agreement for System Management and Business Analyst Support Services 26-6711 approved for the Board - Consent Pass
  38. 38 Regular Calendar
  39. 39 There are no Regular Calendar items scheduled.
  40. 40 Discussion Items
  41. 11. Public Comments ▶ jump to 36:00
  42. 12. Chief Executive Officer's Report ▶ jump to 36:01
  43. 13. Committee Members' Reports ▶ jump to 38:59
  44. 14. Adjournment ▶ jump to 39:00
  45. 45 The next regularly scheduled meeting of this Committee will be held:
  46. 46 10:30 a.m. on Thursday, March 19, 2026
  47. 47 OCTA Headquarters 550 South Main Street Orange, California