Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.

Meeting Details

Meeting Name: Finance, Budget and Audit Committee Agenda status: Final
Meeting date/time: 5/21/2026 10:00 AM Minutes status: Draft  
Meeting location: One Gateway Plaza, Los Angeles, CA 90012, 3rd Floor, Metro Board Room
Watch online: https://boardagendas.metro.net Listen by phone: Dial 888-978-8818 and enter Access Code: 5647249# (English) or 7292892# (Español) To give written or live public comment, please see the top of page 4
Published agenda: Agenda Agenda Published minutes: Not available  
Agenda packet: Not available
Meeting video: eComment: Not available  
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2025-0958 20.ContractAUTHORIZE the Chief Executive Officer to award the following five-year indefinite delivery/indefinite quantity (IDIQ) firm fixed unit price contracts for TAP fare media for Metro and TAP Partner agencies for a total Not-To-Exceed (NTE) amount of $30,149,315 for the initial three-year term, and $11,975,535 for the first, one-year option, and $12,028,294 for the second, one-year option, for a total NTE cumulative amount of $54,153,144, inclusive of sales tax, effective July 1, 2026, subject to the resolution of any properly submitted protest(s) if any. Discipline 1 - TAP Contactless Smart Cards Manufacturing 1) Idemia America Corp. (PS128860000) 2) Giesecke & Devrient ePayments America Inc. (PS128860001) 3) Paragon ID High Point US, Inc. (PS128860002) 4) Cole Ticket Solutions (PS128860003) Discipline 2 - Card Fulfillment and Distribution 1) Giesecke & Devrient ePayments America Inc. (PS128860004)   Not available Not available
2026-0278 21.Informational ReportRECEIVE AND FILE the Management Audit Services FY 2026 Third Quarter Report.   Not available Not available
2026-0209 22.Public HearingCONSIDER: A. ADOPTING the proposed FY27 Budget as presented in the budget document (provided in a separate transmittal and posted on metro.net ); 1. AUTHORIZING $9.7 billion annual consolidated expenditures to achieve goals and objectives set forth by the Board adopted mission and goals; 2. AUTHORIZING a total of 12,321 FTEs, of which 10,024 are Represented FTEs and 2,297 are Non-Represented FTEs; 3. AUTHORIZING an average 3% 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 4.0%; 4. AUTHORIZING a 5% adjustment to current Non-Represented job pay grade levels to reflect best practice (see Attachment A); 5. APPROVING the Life of Project (LOP) budgets exceeding $5.0 million for new capital projects and LOP budget increases for existing projects exceeding $1.0 million. Project details are presented in Attachment B; 6. AUTHORIZE the CEO to execute Metrolink’s continuing resolution to extend F   Not available Not available
2026-0302 23.BudgetCONSIDER: A. APPROVING $2.9 billion in Fiscal Year 2026-27 (FY27) Transit Fund Allocations for Los Angeles County jurisdictions, transit operators, and Metro Operations as shown in Attachment A. These allocations comply with federal, state, and local regulations and Metro Board approved policies and guidelines. Federal and state fund allocations are subject to actual fund apportionments; B. APPROVING fund exchanges in the estimated amount of $4,748,679 of Metro’s Transportation Development Act (TDA) Article 4 allocation with Municipal Operators’ shares of the Low Carbon Transit Operations Program (LCTOP). Funding will be adjusted based on LCTOP actual allocations, and the FY27 Budget will be amended as necessary to reflect the adjustments; C. APPROVING fund exchanges in the estimated amount of $1,046,112 of Metro’s Proposition (Prop) C 40% allocation with Antelope Valley, Santa Clarita, Burbank, and Glendale’s shares of the LCTOP. Funding will be adjusted based on LCTOP actual allocations, and the FY27 Budget will be amended as necessary to reflect the adjustments; D. APP   Not available Not available
2026-0315 24.Informational ReportADOPT the Fiscal Year 2027 (FY27) Proposed Annual Audit Plan (Attachment A).   Not available Not available
2026-0352  Informational ReportRECEIVE General Public Comment   Not available Not available