Metro - File #: 2019-0198

• File #: 2019-0198
• Type: Budget
• Status: Agenda Ready
• File created: 3/28/2019
• In control: Finance, Budget and Audit Committee
• On agenda: 5/15/2019
• 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...
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: Alignment, Budget, Budgeting, Bus Maintenance Projects, Capital Project, Construction, Contracts, Crenshaw/LAX Transit Corridor Project, Debt, Electrification, Fuels, Funding plan, Gateway Cities (Southeast LA County) Service Sector, Gateway Cities subregion, Government funding, Labor, Light rail transit, Long Beach, Los Angeles International Airport, Los Angeles Union Station, Maintenance, Maintenance of way, Maintenance practices, Metro Blue Line, Metro Crenshaw Line, Metro Exposition Line, Metro Gold Line, Metro Purple Line, Metro Rail A Line, Metro Rail D Line, Metro Rail E Line, Metro Rail K Line, Metro Vision 2028 Plan, Metrolink, Operations and Maintenance, Outreach, Policy Advisory Council, Professional Services, Project, Regional Connector Transit Corridor Project, Regional transportation, Resolution, Rolling stock, State Of Good Repair, Strategic planning, Subsidies, Transit buses, Transit System, Twenty-eight by '28 Initiative, Westside Subway Extension/Purple Line Extension Phase 2, Willowbrook/Rosa Parks Station
• Related files: 2019-0454

Meeting_Body
BUDGET PUBLIC HEARING
FINANCE, BUDGET AND AUDIT COMMITTEE
MAY 15, 2019

Subject
SUBJECT: FISCAL YEAR 2020 (FY20) BUDGET

Action
ACTION: ADOPT THE FY20 BUDGET

Heading
RECOMMENDATION

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 issuance will require separate Board approval; and

D. AUTHORIZING the Non-Represented salary paygrade band to increase 2% to be more aligned with current market conditions.



Issue
ISSUE

California Public Utilities Code Section 130105 requires Metro to adopt an annual budget to manage the revenues and expenses of the agency's projects and programs. The budget is the legal authorization to obligate and spend funds and to implement Board policy. It includes all operating, capital, planning and programming, subsidy funds, debt service requirements, and general fund activities for the fiscal year. The legal level of control is at the fund level. Total annual expenditures cannot exceed the fin...