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File #: 2022-0243   
Type: Public Hearing Status: Passed
File created: 4/7/2022 In control: Board of Directors - Regular Board Meeting
On agenda: 5/26/2022 Final action: 5/26/2022
Title: CONSIDER: A. ADOPTING the proposed FY23 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net); 1. AUTHORIZING $8.8 billion annual consolidated expenditures to achieve goals and objectives set forth by the Board adopted mission and goals; and 2. AUTHORIZING a total of 10,596 FTEs with 8,778 Represented FTEs and 1,818 Non-Represented FTEs; and 3. AUTHORIZING an average 3.5% performance-based merit increase for Non-Represented employees. The wage increases for Represented employees, in accordance with the pre-negotiated Collective Bargaining Agreements, is an average 3.5% (except for SMART); and 4. 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 5. AMENDING the proposed budget to include any Board approved actions currently under consideration, from now to the end of fiscal year (June 30, 2022); and 6. AMENDING the proposed...
Indexes: Agreements, Airport Metro Connector, Authorization, Budget, Capital Project, Construction, Debt, Government funding, Jobs, Los Angeles International Airport, NextGen Bus Study, Outreach, Policy, Public Hearing, Regional transportation, Research, Research management, Resolution, Safety, Safety and security, San Gabriel, State Of Good Repair, Strategic planning, Subsidies, Surveys, Transit System
Attachments: 1. Attachment A - FY23 New Capital Projects, 2. Attachment B - FY23 Reimbursement Resolution, 3. Attachment C - FY23 Public Outreach (Public Comments), 4. Attachment D - Public Inquiry and Board Follow-Ups, 5. Attachment E - FY23 New Non-Represented Pay Grade, 6. Presentation
Meeting_Body
REVISED
BUDGET PUBLIC HEARING
FINANCE, BUDGET AND AUDIT COMMITTEE
MAY 18, 2022
Subject
SUBJECT: FISCAL YEAR 2023 (FY23) BUDGET

Action
ACTION: ADOPT THE FY23 BUDGET

Heading
RECOMMENDATION
Title
CONSIDER:

A. ADOPTING the proposed FY23 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net);

1. AUTHORIZING $8.8 billion annual consolidated expenditures to achieve goals and objectives set forth by the Board adopted mission and goals; and

2. AUTHORIZING a total of 10,596 FTEs with 8,778 Represented FTEs and 1,818 Non-Represented FTEs; and

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

4. 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

5. AMENDING the proposed budget to include any Board approved actions currently under consideration, from now to the end of fiscal year (June 30, 2022); and

6. AMENDING the proposed budget by $3.2 million, taking it from $6.8 million to $10.0 million for Crenshaw Northern for a technical correction; and

B. APPROVING the Reimbursement Resolution declaring Metro's intention to issue debt in FY23 for capital projects, as shown in Attachment B, with the provision that actual debt issuance will require separate Board approval; and

C. APPROVING the addition of one new Non-Represented pay grade to alleviate the pay progression and maintain a consistent pay range from mid-point to mid-point as shown in Attachment E; and


D. APPROVING pay grade upgrade for the Board Clerk job classification.

SOLIS AMENDMENT: With that, I would like propose an amendment to this item that directs Metro staff to explore, if feasible, utilizing that excess $35 million for n...

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