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Finance and Administration Committee

September 25, 2024 ·10:30 AM FINAL

Conf. Room 07-08

Agenda PDF 📹 Watch video Official record ↗

Agenda — 47 items

  1. 1 Committee Members
  2. 2 Michael Hennessey, Chair Patrick Harper, Vice Chair Jamey Federico Stephanie Klopfenstein Tam T. Nguyen Vicente Sarmiento
  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. read into the record
  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 listen to audio live streaming of the Board and 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 0:01
  16. 18 Pledge of Allegiance ▶ jump to 0:06
  17. 19 Director Harper
  18. 20 Closed Session ▶ jump to 0:09
  19. 21 There are no Closed Session items scheduled.
  20. 22 Special Calendar ▶ jump to 0:10
  21. 23 There are no Special Calendar matters.
  22. 24 Consent Calendar (Items 1 through 9) ▶ jump to 1:18
  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. 1. Approval of Minutes approved and passed Pass
  25. 2. Agreement No. C-4-1816 with Woodruff & Smart for Legal Services, Internal Audit Report No. 25-503 24-5779 approved and passed Pass
  26. 3. Investments: Compliance, Controls, and Reporting, January 1 through June 30, 2024, Internal Audit Report No. 25-502 24-5780 approved and passed Pass
  27. 4. 91 Express Lanes Update for the Period Ending - June 30, 2024 24-5669 approved and passed Pass
  28. 30 Page Break
  29. 5. Amendments to the Cooperative User Fee Processing Agreement for Interoperable Toll Processing and Revenue Collection 24-5734 approved and passed Pass
  30. 6. Fiscal Year 2023-24 Fourth Quarter Grant Reimbursement Status Report 24-5419 approved and passed Pass
  31. 33 Page Break
  32. 7. Orange County Transportation Authority Investment and Debt Programs Report - July 2024 24-5492 approved and passed Pass
  33. 8. Environmental Mitigation Program Endowment Fund Investment Report for June 30, 2024 24-5496 approved and passed Pass
  34. 36 Page Break
  35. 9. Annual New York Credit Update - July 2024 24-5498 ▶ jump to 1:29
  36. 38 Regular Calendar
  37. 10. 2024 Measure M2 Sales Tax Forecast 24-5406 receive and file information item ▶ jump to 5:22
  38. 11. Potential Refunding of the Measure M2 Sales Tax Revenue Bonds, Series 2010A (Taxable Build America Bonds) 24-5638 approved and passed Pass ▶ jump to 22:51
  39. 41 Discussion Items
  40. 12. Public Comments ▶ jump to 39:41
  41. 13. Chief Executive Officer's Report ▶ jump to 39:43
  42. 14. Committee Members' Reports ▶ jump to 41:00
  43. 15. Adjournment ▶ jump to 42:04
  44. 46 The next regularly scheduled meeting of this Committee will be held:
  45. 47 10:30 a.m. on Wednesday, October 23, 2024
  46. 48 OCTA Headquarters Board Room 550 South Main Street Orange, California
  47. 49 Rollcall ▶ jump to 1:39