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Finance and Administration Committee

April 23, 2025 ·10:30 AM FINAL

Board Room

Agenda PDF 📹 Watch video Official record ↗

Agenda — 50 items

  1. 1 Committee Members
  2. 2 Michael Hennessey, Chair Patrick Harper, Vice Chair Mike Carroll Jamey M. Federico 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 31:34
  16. 18 Pledge of Allegiance ▶ jump to 38:06
  17. 19 Director Leon
  18. 20 Closed Session
  19. 21 There are no Closed Session items scheduled. ▶ jump to 38:10
  20. 22 Special Calendar
  21. 1. Proposed Fiscal Year 2025-26 Southern California Regional Rail Authority Budget 25-6123 receive and file information item ▶ jump to 31:40
  22. 24 Consent Calendar (Items 2 through 8) approved and passed Pass ▶ jump to 72:19
  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 25-6183 approved and passed Pass
  25. 27 page break
  26. 3. Fiscal Year 2024-25 Internal Audit Plan, Third Quarter Update 25-6186 approved and passed
  27. 4. Independent Accountants’ Report on Applying Agreed-Upon Procedures, City of Buena Park 25-6204 approved and passed Pass
  28. 30 page break
  29. 5. Independent Accountant’s Report on Applying Agreed-Upon Procedures, City of Orange 25-6205 approved and passed Pass
  30. 6. Orange County Transportation Authority Investment and Debt Programs Report - February 2025 25-5993 approved and passed
  31. 33 page break
  32. 7. Approval of the Fiscal Year 2025-26 Local Transportation Fund Claim for Laguna Beach Public Transportation Services 25-6066 approved and passed Pass
  33. 8. Approval of the Fiscal Year 2025-26 Local Transportation Fund Claim for Public Transportation and Community Transit Services 25-6067 approved and passed Pass
  34. 36 page break
  35. 37 Regular Calendar
  36. 9. Orange County Local Transportation Authority Measure M2 Agreed-Upon Procedures Reports, Year Ended June 30, 2024 25-6207 approved and passed Pass ▶ jump to 99:44
  37. 39 page break
  38. 10. Orange County Local Transportation Authority Report on Compliance with the Measure M2 Ordinance, Year Ended June 30, 2024 25-6208 approved and passed Pass ▶ jump to 100:23
  39. 11. Orange County Transportation Authority Fiscal Year 2025-26 Budget Workshop Preview 25-6016 receive and file information item ▶ jump to 95:37
  40. 42 page break
  41. 43 Discussion Items
  42. 12. Measure M2 Sales Tax Revenue Refunding Bonds (Limited Tax Bonds), Series 2025 Pricing Summary 25-6175 receive and file information item ▶ jump to 113:32
  43. 13. Public Comments ▶ jump to 123:21
  44. 14. Chief Executive Officer's Report ▶ jump to 123:27
  45. 15. Committee Members' Reports ▶ jump to 124:15
  46. 16. Adjournment ▶ jump to 124:20
  47. 49 The next regularly scheduled meeting of this Committee will be held:
  48. 50 10:30 a.m. on Wednesday, May 14, 2025
  49. 51 OCTA Headquarters Board Room 550 South Main Street Orange, California
  50. 52 Rollcall ▶ jump to 38:29