Metro - File #: 2015-0450

• File #: 2015-0450
• Type: Motion / Motion Response
• Status: Passed
• File created: 5/1/2015
• In control: Finance, Budget and Audit Committee
• On agenda: 7/15/2015
• Final action: 6/25/2015
• Title: APPROVED: A. the summary of delegated Chief Executive Officer fund type assignments; and B. receiving and filing this information as a response to Motion 5.1 which directed staff to undertake a Fiscal Stability Overview and Funding Commitments Inventory, subject to further review and validation.
• Sponsors: Finance, Budget and Audit Committee, Planning and Programming Committee
• Indexes: Ara Najarian, Audit, Board approved a Motion, Budgeting, Call For Projects, Call For Projects Deobligation, Call for Projects Recertification, Capital Project, Construction, Debt, Eric Garcetti, Federal Transit Administration, Grant Aid, Hilda Solis, Jacquelyn Dupont-Walker, James Butts, John Fasana?, Long Range Transportation Plan, Mark Ridley-Thomas, Measure R, Mike Bonin, Motion / Motion Response, New Starts Program, Paul Krekorian, Policy, Project, Proposition A, Proposition C, Rehabilitation (Maintenance), Short Range Transportation Plan, State Of Good Repair, Strategic planning, Transportation Infrastructure Finance and Innovation Act of 1998

Date	Action By	Action	Result
6/25/2015	Board of Directors - Regular Board Meeting	APPROVED	Pass
6/17/2015	Planning and Programming Committee
6/17/2015	Finance, Budget and Audit Committee
6/17/2015	Finance, Budget and Audit Committee

Meeting_Body
REVISED
FINANCE, BUDGET AND AUDIT COMMITTEE
PLANNING AND PROGRAMMING COMMITTEE
JUNE 17, 2015

Subject/Action
SUBJECT: FISCAL STABILITY OVERVIEW AND FUNDING COMMITMENTS INVENTORY (2014 SHORT RANGE TRANSPORTATION PLAN FINANCIAL UPDATE)

ACTION: APPROVE THE SUMMARY OF DELEGATED CHIEF EXECUTIVE OFFICER FUND TYPE ASSIGNMENTS

Heading
RECOMMENDATION

Title
APPROVED:

A. the summary of delegated Chief Executive Officer fund type assignments; and

B. receiving and filing this information as a response to Motion 5.1 which directed staff to undertake a Fiscal Stability Overview and Funding Commitments Inventory, subject to further review and validation.

Issue
ISSUE

In March 2015, the Board of Directors approved motion 5.1, directing staff to undertake a Fiscal Stability Overview and Funding Commitments Inventory (Attachment A, hereafter "the Motion"). In response to that Motion staff is providing all of the attached information, including the SRTP Financial Forecast Update. The SRTP is a ten-year action plan identifying project priorities, schedules and a financial forecast of costs and available resources for the FY2015-2024 time frame.

Discussion
DISCUSSION

Strategic Financial Planning and Programming (formerly "Capital Planning") is responsible for recommending the programming of countywide transportation funds to the Metro Board of Directors, including securing them in a strategic manner that enables the Metro Board to accomplish the Long Range Transportation Plan (LRTP). As part of that responsibility, it provides financial forecasts for the use of these funds, such as the SRTP, which categorizes and prioritizes near-term projects identified in the Board-adopted LRTP. These documents drive the statutorily required Transportation Improvement Program for Los Angeles County.

Fiscal Stability and Funding Commitments Inventory in SRTP

The Motion requests a consolidated budgetary statement on all Metro Transi...