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File #: 2017-0279   
Type: Public Hearing Status: Passed
File created: 4/21/2017 In control: Finance, Budget and Audit Committee
On agenda: 5/17/2017 Final action: 5/25/2017
Title: CONSIDER: A. ADOPTING the proposed FY18 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net); and B. APPROVING the addition of 129 positions, including 22 contract and 107 non-contract full-time equivalent positions, as presented in Attachment A; and C. APPROVING the Life of Project (LOP) budgets for new capital projects with LOP exceeding $5 million, included in the proposed FY18 Budget and presented in Attachment B; and D. ADOPTING Life of Project (LOP) budget of $118.9 million for Blue Line Signaling Rehabilitation and Operational State of Good Repair Improvements that incorporates system compatibility, safety features, and new technology to improve headways during service interruptions, further described in Attachment B; and E. AMENDING the proposed budget to add $8.2 million for engineering support and advanced utility relocation designs on Metro Orange Line Grade Separation (project submitted after proposed budget was publis...
Attachments: 1. Attachment A - FTE Request for FY18, 2. Attachment B - FY18 New Capital Projects, 3. Attachment C - Reimbursement Resolution of Metro for Fiscal Year 2018, 4. Attachment D - FY18 Public Outreach
Meeting_Body
REVISED
BUDGET PUBLIC HEARING
FINANCE, BUDGET AND AUDIT COMMITTEE
MAY 17, 2017

Subject/Action
SUBJECT: FISCAL YEAR 2018 (FY18) BUDGET
ACTION: ADOPT THE FY18 BUDGET
Heading

RECOMMENDATION
Title
CONSIDER:

A. ADOPTING the proposed FY18 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net); and

B. APPROVING the addition of 129 positions, including 22 contract and 107 non-contract full-time equivalent positions, as presented in Attachment A; and

C. APPROVING the Life of Project (LOP) budgets for new capital projects with LOP exceeding $5 million, included in the proposed FY18 Budget and presented in Attachment B; and

D. ADOPTING Life of Project (LOP) budget of $118.9 million for Blue Line Signaling Rehabilitation and Operational State of Good Repair Improvements that incorporates system compatibility, safety features, and new technology to improve headways during service interruptions, further described in Attachment B; and

E. AMENDING the proposed budget to add $8.2 million for engineering support and advanced utility relocation designs on Metro Orange Line Grade Separation (project submitted after proposed budget was published); and

F. AMENDING the proposed budget to add $1 million for the Comprehensive Operational Analysis (COA), which is a comprehensive service restructuring study; and

G. APPROVING the Reimbursement Resolution declaring Metro's intention to issue debt in FY17 18 for capital projects, as shown in Attachment C, with the provision that actual debt issuance will require separate Board approval.

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 gen...

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