Meeting_Body
FINANCE, BUDGET, AND AUDIT COMMITTEE
OCTOBER 18, 2023
Subject
SUBJECT: PREPARATION FOR INITIATING THE FY25 BUDGET DEVELOPMENT PROCESS
Action
ACTION: RECEIVE ORAL REPORT
Heading
RECOMMENDATION
Title
RECEIVE oral report on the preparation for initiating the FY25 budget development process.
Equity_Platform
EQUITY PLATFORM
Staff will be completing the FY25 Metro Budget Equity Assessment Tool (MBEAT), which has been modified into two questionnaires to best assess equity impacts from Metro’s large-scale projects as well as department-level budgets. Staff will also be undergoing the Equity Focus Communities (EFC) Budget Assessment and will provide updates throughout the FY25 budget process.
As with recent years, Metro will continue extensive public outreach around the annual budget process to best shape the agency’s budget development around stated priorities from Metro customers and marginalized communities in Greater Los Angeles.
Attachments
ATTACHMENTS
Prepared_by
Prepared by: Irene Fine, Senior Executive Officer, (213) 922-4420
Melissa Wang, Deputy Chief Financial Officer, (213) 922-6024
Reviewed_By
Reviewed by: Nalini Ahuja, Chief Financial Officer, (213) 922-3088
