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Finance, Budget and Audit Committee Agenda*

Location & Date

Metro Board Room, One Gateway Plaza, 3rd Floor, Los Angeles
Wednesday, May 20, 2015 1:00 p.m.

Agenda

Call to Order

Directors:

Mark Ridley-Thomas, Chair
Paul Krekorian, Vice Chair
James Butts
Diane DuBois
Hilda Solis
Carrie Bowen, non-voting memberr

Officers:

Phillip Washington, Chief Executive Officer
Michele Jackson, Board Secretary
Karen Gorman, Acting Ethics Officer
Karen Gorman, Inspector General
County Counsel, General Counsel

14. ADOPT the FY16 Budget. [HANDOUT]

15. APPROVE Access Services Proposition C local funding request in an amount not-to-exceed $84,164,299 for FY 15/16.  This amount includes:

A. $82,077,993 – Access Services Operating Funds; and

B. $2,086,306 – paid directly to the Southern California Regional Rail Authority (Metrolink) for its participation in the Board-adopted Access Free Fare Program. [HANDOUT]

15.1 CONSIDER Motion by Directors Knabe and DuBois that:

A. the MTA Board of Directors formally support the Access Services Petition for Rulemaking that asks for an amendment to the DOT’s regulations concerning Americans with Disabilities Act paratransit fares, which would allow the Access Services coordinated fare to continue as it has for the last two decades;

B. the MTA Board of Directors support the Access Services request that, while the Petition for Rulemaking is pending, the Department, through the Federal Transit Administration, suspend enforcement of triennial findings with regard to paratransit fares against Access Services and its member agencies; and

C. Report back to the Board in November of this year on the status of the ASI request.

16. ADOPT a resolution on the Measure R Program authorizing:

A. a short-term borrowing program not to exceed $300,000,000;

B. the execution and delivery of documents related to the short-term borrowing program; and

C. the pledge of revenues and other security for such subordinate obligations and super subordinate obligations. [HANDOUT]

(REQUIRES SEPARATE, SIMPLE MAJORITY BOARD VOTE)

62. APPROVE Metro to Participate in the City of Los Angeles Bonding Assistance Program and Request for Proposal Process.

17. RECEIVE AND FILE response to Motion #55 from May 2014 with respect to item A3 to assess whether additional resources are required to meet growing demand of the Rider Relief Transportation Program. [HANDOUT]

18. RECEIVE report from the Chief Executive Officer.

Consideration of items not on the posted agenda, including: items to be presented and (if requested) referred to staff; items to be placed on the agenda for action at a future meeting of the Committee or Board; and/or items requiring immediate action because of an emergency situation or where the need to take immediate action came to the attention of the Committee subsequent to the posting of the agenda.

COMMENTS FROM THE PUBLIC ON ITEMS OF PUBLIC INTEREST WITHIN COMMITTEE’S SUBJECT MATTER JURISDICTION

ADJOURNMENT

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