Finance and Administration Committee

Agenda — 43 items

1. 1 Committee Members
2. 2 Michael Hennessey, Chairman Patrick Harper, Vice Chairman 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 OCTA. 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 0:08
17. 19 Director Do
18. 20 Closed Session ▶ jump to 0:48
19. 21 There are no Closed Session items scheduled.
20. 22 Special Calendar ▶ jump to 0:55
21. 1. Investment Management Presentation 24-5440 ▶ jump to 1:08
22. 2. Committee Meeting 2024 Schedule 24-5445 adopted Pass ▶ jump to 30:56
23. 3. Roles and Responsibilities of the Finance and Administrative Committee 24-5447
24. 26 Consent Calendar (Items 4 through 9)
25. 4. Approval of Minutes - January 10, 2024 24-5418
26. 5. Approval of Minutes - November 29, 2023
27. 6. Audit Responsibilities of the Finance and Administration Committee
28. 30 PAGE BREAK
29. 7. Fiscal Year 2023-24 Internal Audit Plan, Second Quarter Update 24-5389
30. 8. Accounts Payable Operations, Internal Audit Report No. 23-504
31. 33 PAGE BREAK
32. 9. Orange County Transportation Authority Investment and Debt Programs Report - December 2023
33. 35 Regular Calendar
34. 36 There are no Regular Calendar items scheduled.
35. 37 Discussion Items
36. 10. 405 Express Lanes Operational Update 24-5424
37. 11. Public Comments
38. 12. Chief Executive Officer's Report
39. 13. Committee Members' Reports
40. 14. Adjournment
41. 43 The next regularly scheduled meeting of this Committee will be held:
42. 44 10:30 a.m. on Wednesday, February 14, 2024
43. 45 OCTA Headquarters Board Room 550 South Main Street Orange, California