Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Finance, Budget and Audit Committee Agenda status: Final
Meeting date/time: 11/21/2024 10:00 AM Minutes status: Draft  
Meeting location: One Gateway Plaza, Los Angeles, CA 90012, 3rd Floor, Metro Board Room
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2024-0842 10.ContractAUTHORIZE the Chief Executive Officer to award a firm fixed unit rate Contract No. PS124467000 to US Bank National Association (U.S. Bank N.A.) for custodial banking services in an amount Not-to-Exceed (NTE) $1,193,550 for the three-year base term and $397,850 for each of the two, one-year option terms, for a total NTE amount of $1,989,250, effective April 1, 2025, subject to the resolution of any properly submitted protest(s), if any.   Not available Not available
2024-1021 11.Informational ReportRECEIVE AND FILE the Management Audit Services FY 2025 First Quarter Report.   Not available Not available
2024-0998 12.ProgramCONSIDER: A. ADOPTING the revised Proposition A 5% of 40% Incentive Guidelines (Attachment A); and B. AUTHORIZING the Chief Executive Officer to amend existing agreements between Los Angeles County Metropolitan Transportation Authority (Metro) and Local Transit Operators to incorporate guideline amendments, and execute all necessary future agreements as pertains to this program.   Not available Not available
2024-0968 13.Oral Report / PresentationRECEIVE oral report on the preparation for initiating the FY26 budget development process.   Not available Not available
2024-1052  Informational ReportRECEIVE General Public Comment   Not available Not available