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Finance and Administration Committee

June 12, 2024 ·10:30 AM FINAL

Conf. Room 07-08

Agenda PDF 📹 Watch video Official record ↗

Agenda — 53 items

  1. 1 Committee Members
  2. 2 Michael Hennessey, Chair Patrick Harper, Vice Chair Andrew Do 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.
  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 0:08
  16. 18 Pledge of Allegiance ▶ jump to 0:35
  17. 19 Director Federico
  18. 20 Closed Session ▶ jump to 0:45
  19. 21 There are no Closed Session items scheduled.
  20. 22 Special Calendar ▶ jump to 0:52
  21. 1. Taxable Sales Forecast - University of California, Los Angeles 24-5417 receive and file information item ▶ jump to 1:42
  22. 24 Consent Calendar (Items 2 through 14) ▶ jump to 78:29
  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 approved and passed Fail
  25. 27 PAGE BREAK
  26. 3. Liability Claims Management, Internal Audit Report No. 24-510 24-5674 approved and passed Pass
  27. 4. Flexible Spending Account Program, Internal Audit Report No. 24-511 24-5672 approved and passed
  28. 5. Amendment to the 91 Express Lanes Riverside County Transportation Commission / Orange County Transportation Authority Facility Agreement 24-5613 approved and passed Pass
  29. 6. 91 Express Lanes Update for the Period Ending - March 31, 2024 24-5614 approved and passed Pass
  30. 7. Resolution to Establish the Orange County Transportation Authority General Fund Appropriations Limit for Fiscal Year 2024-25 24-5414 approved and passed Pass
  31. 8. Resolution to Establish the Orange County Local Transportation Authority/Measure M2 Appropriations Limit for Fiscal Year 2024-25 24-5415 approved and passed Pass
  32. 9. Fiscal Year 2023-24 Third Quarter Grant Reimbursement Status Report 24-5422 approved and passed Pass
  33. 35 PAGE BREAK
  34. 10. Third Quarter Fiscal Year 2023-24 Procurement Status Report 24-5639 approved and passed Pass
  35. 11. Agreement for Medical Clinic Services 24-5645 approved and passed Pass
  36. 38 PAGE BREAK
  37. 12. Orange County Transportation Authority Investment and Debt Programs Report - April 2024 24-5490 approved and passed Pass
  38. 13. Environmental Mitigation Program Endowment Fund Investment Report for March 31, 2024 24-5497 approved and passed Pass
  39. 41 PAGE BREAK
  40. 14. Reserve Policy Update 24-5661 approved and passed Pass
  41. 43 Regular Calendar
  42. 15. Annual Update to Investment Policy 24-5499 approved and passed Pass ▶ jump to 78:56
  43. 45 PAGE BREAK
  44. 16. Proposed Overall Disadvantaged Business Enterprise Goal for Federal Transit Administration-Assisted Contracts for Federal Fiscal Years 2025-27 24-5640 approved and passed Pass ▶ jump to 86:24
  45. 47 Discussion Items
  46. 17. 405 Express Lanes Operational Update 24-5427
  47. 18. Public Comments ▶ jump to 87:39
  48. 19. Chief Executive Officer's Report ▶ jump to 87:41
  49. 20. Committee Members' Reports ▶ jump to 91:23
  50. 21. Adjournment ▶ jump to 91:25
  51. 53 The next regularly scheduled meeting of this Committee will be held:
  52. 54 10:30 a.m. on Wednesday, June 26, 2024
  53. 55 OCTA Headquarters Board Room 550 South Main Street Orange, California