Metro - Meeting of Finance, Budget and Audit Committee on 5/15/2019 at 12:00 PM

2019-0253

Mon, 09 Jun 2025 06:34:33 GMT

File #: 2019-0253
Ver.: 1
Agenda #: 7.
Type: Informational Report
Title: RECEIVE AND FILE the third quarter report of Management Audit Services (Management Audit) for the period ending March 31, 2019.
Action:
Result:

2019-0198

Mon, 09 Jun 2025 06:34:35 GMT

File #: 2019-0198
Ver.: 1
Agenda #: 37.
Type: Budget
Title: CONSIDER: A. ADOPTING the proposed FY20 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net): 1. AUTHORIZING $7.2 billion annual consolidated expenditures to achieve goals and objectives set forth by the Board adopted Metro Vision 2028 strategic plan; 2. AUTHORIZING a total of 10,219 FTEs with 8,482 Represented FTEs and 1,737 Non-Represented FTEs which includes an increase of 45 Non-Represented FTEs; 3. AUTHORIZING a 4% merit-based increase for Non-Represented wages which is in alignment with the Collective Bargaining Agreement with Metro’s union groups; 4. APPROVING the Life of Project (LOP) budgets for new capital projects with LOP exceeding $5 million presented in Attachment A; B. AMENDING FY20 Proposed Budget document by increasing Bus service hours from 7,019,376 to 7,094,376, which is higher than FY19 service level of 7,014,606; C. APPROVING the Reimbursement Resolution declaring Metro’s intention to issue debt in FY20 for capital projects, as shown in Attachment B, with the provision that actual debt i
Action:
Result:

2019-0228

Mon, 09 Jun 2025 06:34:35 GMT

File #: 2019-0228
Ver.: 1
Agenda #: 38.
Type: Program
Title: CONSIDER: A. APPROVING the Los Angeles County Metropolitan Transportation Authority’s (Metro) share of the Southern California Regional Rail Authority’s (SCRRA operated as “Metrolink”) FY 2019-20 Budget Transmittal dated April 22, 2019, in the amount of $111,341,440 along with Metro’s enhanced operations programs in the amount of $6,546,563 as listed in Attachment A for a totaling programming amount of $117,888,003; B. REPROGRAMMING the use of $3,237,526 in FY 2017-18 Operating Surplus to fund a portion of Metro’s share of Metrolink’s operating costs detailed in Attachment A; C. REPROGRAMMING up to $3,900,000 in surplus FY17 state of good repair funds to fund a portion of Metro’s share of Metrolink’s FY 20 rehabilitation and capital program listed in Attachment A; D. APPROVING additional funding for the San Bernardino Line 25% discount program in the amount of $2,190,969 to establish the life of project budget of $4,190,969; E. EXTENDING the lapsing dates for funds previously allocated to Metrolink for the Rehabilitation and Renovation Program as follows: · FY 2013-14 from
Action:
Result:

2019-0285

Mon, 09 Jun 2025 06:34:33 GMT

File #: 2019-0285
Ver.: 1
Agenda #:
Type: Informational Report
Title: RECEIVE General Public Comment
Action:
Result: