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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: 1/20/2016 1:00 PM Minutes status: Draft  
Meeting location: One Gateway Plaza, Los Angeles, CA 90012, 3rd Floor, Metro Board Room
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video: eComment: Not available  
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2015-1713 10.Informational ReportRECEIVE AND FILE status report on ridership trends and efforts taken as part of the Immediate Action Plan to increase ridership and improve customer service. Attachment A provides a status report on these actions.   Not available Not available
2015-1724 11.Informational ReportRECEIVE AND FILE the first quarter report of Management Audit Services (Management Audit) for the period ending September 30, 2015.   Not available Not available
2015-1306 13.ResolutionADOPT a resolution, Attachment A, that: A. AUTHORIZES the issuance of bonds by competitive sale to refund the Prop A Series 2008-A1, Series 2008-A2, Series 2008-A3 and Series 2008-A4 Bonds ("the 2008-A Bonds") in one or more transactions through August 31, 2016, consistent with the Debt Policy; B. APPROVES the forms of Notice of Intention to Sell Bonds, Notice Inviting Bids, Supplemental Trust Agreement, Bonds, and Preliminary Official Statement, all subject to modification as set forth in the resolution; and C. AUTHORIZES taking all action necessary to achieve the foregoing, including, without limitation, the further development and execution of bond documentation associated with the issuance of the bonds. (REQUIRES SEPARATE, SIMPLE MAJORITY BOARD VOTE.)   Not available Not available
2015-1231 12.PolicyCONSIDER: A. ADOPTING the Investment Policy, Attachment B, including the addition of 2 new Investment options outlined in Attachment A; B. APPROVING the Financial Institutions Resolution authorizing financial institutions to honor signatures of LACMTA Officials, Attachment C; and C. DELEGATING to the Treasurer or his/her designees, the authority to invest funds for a one year period, pursuant to California Government Code Section 53607.   Not available Not available
2015-1795 14.Informational ReportRECEIVE AND FILE status report on the implementation of Metro’s Pilot Business Interruption Fund (BIF) for small “mom and pop” businesses directly impacted by Metro construction activity within the Little Tokyo area of the Regional Connector transit rail project.   Not available Not available