Meeting_Body
MEASURE M INDEPENDENT TAXPAYER OVERSIGHT COMMITTEE
OCTOBER 3, 2024
Subject
SUBJECT: ORAL REPORT ON LOCAL RETURN
Action
ACTION: ORAL REPORT
Heading
RECOMMENDATION
Title
RECEIVE oral report on Local Return programmed revenues and uses for Los Angeles County jurisdictions to support discussion on the effective and efficient use of funds.
Issue
ISSUE
To support the discussion on Local Return revenue amounts programmed and usage by each Los Angeles County local jurisdiction. This report provides the required quarterly update and presents the status of Local Return funding in the first quarter of fiscal year 2025 (FY25). This includes audit updates, a summary of Measure M fund uses within the first quarter, and updates on current points of concern with Metro’s Board of Directors.
Equity_Platform
EQUITY PLATFORM
Under Board-adopted guidelines, this item enables the programming of funds to recipients to support the implementation of various transportation projects and improvements throughout the region. Through the process of public input, the engagement during local decision making and project implementation, cities and unincorporated areas of the county are empowered to appropriately and equitably address the needs of their communities.
Attachments
ATTACHMENTS
Attachment A - Local Return Presentation
Prepared_by
Prepared by: Chelsea Meister, Manager, Transp. Planning, Local Programming,
(213) 922-5638
Susan Richan, Director, Local Programming, (213) 922-3017
Cosette Stark, DEO, Local Programming, (213) 922-2822
Reviewed_By
Reviewed by: Nalini Ahuja, Chief Financial Officer, (213) 922-3088