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Finance and Administration Committee

June 11, 2025 ·10:30 AM FINAL

Board Room

Agenda PDF 📹 Watch video Official record ↗

Agenda — 43 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. 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.
  4. 5 Agenda Descriptions
  5. 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.
  6. 7 Public Availability of Agenda Materials
  7. 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.
  8. 9 Meeting Access and Public Comments on Agenda Items
  9. 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
  10. 12 In-Person Comment
  11. 13 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.
  12. 14 Page Break
  13. 15 Written Comment
  14. 16 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.
  15. 17 Call to Order ▶ jump to 30:50
  16. 18 Pledge of Allegiance ▶ jump to 30:52
  17. 19 Director Go
  18. 20 Closed Session ▶ jump to 30:54
  19. 21 There are no Closed Session items scheduled.
  20. 22 Special Calendar ▶ jump to 30:58
  21. 1. Taxable Sales Forecast - Chapman University 25-6054 receive and file information item
  22. 24 Consent Calendar (Items 2 through 6) ▶ jump to 80:34
  23. 25 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.
  24. 2. Approval of Minutes 25-6251 approved and passed Pass
  25. 27 Page Break
  26. 3. Declare Surplus Property for the Interstate 5 Improvement Project Between State Route 73 and Oso Parkway 24-5568 approved and passed Pass
  27. 29 Page Break
  28. 4. Orange County Transportation Authority Investment and Debt Programs Report - April 2025 25-5995 approved and passed Pass
  29. 5. Environmental Mitigation Program Endowment Fund Investment Report for March 31, 2025 25-6006 approved and passed Pass
  30. 32 Page Break
  31. 6. Third Quarter Fiscal Year 2024-25 Procurement Status Report 25-6119 approved and passed Pass
  32. 34 Regular Calendar
  33. 7. Reserve Policy Update 25-6250 approved and passed Pass ▶ jump to 95:19
  34. 36 Page Break
  35. 37 Discussion Items
  36. 8. Public Comments ▶ jump to 95:23
  37. 9. Chief Executive Officer's Report ▶ jump to 95:26
  38. 10. Committee Members' Reports ▶ jump to 95:40
  39. 11. Adjournment ▶ jump to 95:47
  40. 42 The next regularly scheduled meeting of this Committee will be held:
  41. 43 10:30 a.m. on Wednesday, June 25, 2025
  42. 44 OCTA Headquarters Board Room 550 South Main Street Orange, California
  43. 45 Rollcall ▶ jump to 57:10