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File #: 2021-0208   
Type: Public Hearing Status: Passed
File created: 4/1/2021 In control: Board of Directors - Regular Board Meeting
On agenda: 5/27/2021 Final action: 5/27/2021
Title: A. ADOPTING the proposed FY22 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net); 1. AUTHORIZING $8.0 billion annual consolidated expenditures to achieve goals and objectives set forth by the Board adopted mission and goals; and 2. AUTHORIZING a total of 10,347 FTEs with 8,630 Represented FTEs and 1,717 Non-Represented FTEs (see Attachment E); and 3. AUTHORIZING an average 3.5% performance-based merit increase for Non-Represented employees. The wage increase for Represented employees, in accordance with the pre-negotiated Collective Bargaining Agreements, is an average 5%; and 4. AUTHORIZING a 2.0% adjustment to current Non-Represented job pay grade levels to reflect best practice. There is minimal impact to the budget and current employees' salaries (see Attachment D); and 5. APPROVING the Life of Project (LOP) budgets for new capital projects; new capital projects with LOP exceeding $5.0 million are presented in Attachment A...
Sponsors: Finance, Budget and Audit Committee
Indexes: Agreements, Audit, Authorization, Budget, Capital Project, Construction, Coronavirus Disease 2019 (COVID-19), Coronavirus Response and Relief Supplemental Appropriations Act of 2021, Debt, Government funding, Local transportation, Outreach, Public Hearing, Questionnaires, Regional transportation, Resolution, Senate Bill 1, Service Authority For Freeway Emergencies, Southern California Association Of Governments, State Of Good Repair, Subsidies, Supplemental Appropriation, Transit operators, Transit System, Transportation Development Act of 1971, Vaccination
Attachments: 1. Attachment A-FY22 New Capital Projects, 2. Attachment B-FY22 Reimbursement Resolution, 3. Attachment C-FY22 Budget Public Outreach, 4. Attachment D-Compensation Adjustment, 5. Attachment E-FY22 Non-Represented and Represented FTEs, 6. Presentation
Related files: 2021-0397, 2021-0343, 2021-0440
Meeting_Body
BUDGET PUBLIC HEARING
FINANCE, BUDGET AND AUDIT COMMITTEE
MAY 19, 2021
Subject
SUBJECT: FISCAL YEAR 2022 (FY22) BUDGET
Action
ACTION: ADOPT THE FY22 BUDGET
Heading
RECOMMENDATION
Title
A. ADOPTING the proposed FY22 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net);

1. AUTHORIZING $8.0 billion annual consolidated expenditures to achieve goals and objectives set forth by the Board adopted mission and goals; and

2. AUTHORIZING a total of 10,347 FTEs with 8,630 Represented FTEs and 1,717 Non-Represented FTEs (see Attachment E); and

3. AUTHORIZING an average 3.5% performance-based merit increase for Non-Represented employees. The wage increase for Represented employees, in accordance with the pre-negotiated Collective Bargaining Agreements, is an average 5%; and

4. AUTHORIZING a 2.0% adjustment to current Non-Represented job pay grade levels to reflect best practice. There is minimal impact to the budget and current employees' salaries (see Attachment D); and

5. APPROVING the Life of Project (LOP) budgets for new capital projects; new capital projects with LOP exceeding $5.0 million are presented in Attachment A; and

6. AMENDING the proposed budget to include any Board approved actions currently under consideration such as the Fareless System Initiative, from now to end of fiscal year (June 30, 2021); and

B. APPROVING the Reimbursement Resolution declaring Metro's intention to issue debt in FY22 for capital projects, as shown in Attachment B, 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 re...

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