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Special Board Meeting - FY12 Budget Workshop and Public Hearing Agenda*

Location & Date

Metro Board Room, One Gateway Plaza, 3rd Floor, Los Angeles
Wednesday, May 18, 2011 2:30 p.m.

Agenda

Call to Order

Directors

Michael Antonovich, Chair
Ara Najarian, Vice Chair
Diane DuBois
Gloria Molina
Pam O'Connor
Michael Miles, non-voting member

Officers

Arthur T. Leahy, Chief Executive Officer
Michele Jackson, Board Secretary
Karen Gorman, Ethics Officer
Karen Gorman, Acting Inspector General County Counsel, General Counsel

Budget Public Hearing

  1. FY2012 Proposed Budget.
    1. Opening Remarks.
    2. Open Public Hearing
      1. Statement of the MTA Board Secretary concerning publication of notices and dissemination of public information
      2. Staff presentation of FY2012 Proposed Budget
      3. Public Comment
      4. Motion to Close Hearing

Budget Workshop

  1. CONSIDER:
    1. adopting the proposed FY12 budgetas presented in the budget document (provided as a separate transmittal);
    2. approving the total budgeted salaries and benefits for each union/non-contract group as required by the Position Authorization and Compensation policy;
    3. approving the life-of-project budget for all new capital projects as presented in the proposed budget document including 16 new projects with a life-of-project budget over $5.0 million;
    4. approving the amendments to increase expenditures for requests submitted subsequent to preparation of the FY12 proposed budget; and
    5. approving the Reimbursement Resolution declaring Metro's intention to issue debt in FY12 for capital projects.  Debt issuance will require separate Board approval.

ADJOURNMENT

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