Share to Facebook Share to Twitter Bookmark and Share
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: 6/15/2022 1:30 PM Minutes status: Draft  
Meeting location: Watch online: http://boardagendas.metro.net Listen by phone: Dial 888-251-2949 and enter Access Code: 8231160# (English) or 4544724# (Español)
To give written or live public comment, please see the top of page 4
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video: eComment: Not available  
Attachments:
File #Agenda #TypeTitleActionResultAction DetailsAudio
2022-0225 13.Formula Allocation / Local ReturnCONSIDER: A. AUTHORIZING the Chief Executive Officer to negotiate and execute all necessary agreements between Los Angeles County Metropolitan Transportation Authority (LACMTA) and the Cities for their Capital Reserve Account as approved; and B. ESTABLISHING new Local Return funded Capital Reserve Accounts for the Cities of La Puente (Proposition C), Montebello (Proposition A), San Marino (Proposition A), and Rolling Hills (Measure R and Measure M).   Not available Not available
2022-0194 14.ProgramAUTHORIZE the Chief Executive Officer to negotiate and purchase Public Entity excess liability policies with up to $300 million in limits at a cost not to exceed $23 million for the 12-month period effective August 1, 2022, to August 1, 2023.   Not available Not available
2022-0318 15.ResolutionADOPT: A. Findings and Recommendations (Attachment A) for allocating fiscal year (FY) 2022-23 Transportation Development Act (TDA) Article 8 funds estimated at $37,668,206 as follows: · In the City of Avalon there are no unmet transit needs that are reasonable to meet, therefore TDA Article 8 funds (Attachment B) in the amount of $220,402 may be used for street and road projects, or transit projects, as described in Attachment A; · In the Cities of Lancaster and Palmdale, there are no unmet transit needs that are reasonable to meet; in the Cities of Lancaster and Palmdale and the unincorporated portions of North County transit needs can be met through using other existing funding sources. Therefore, the TDA Article 8 funds in the amount of $8,952,102 and $8,658,196 (Lancaster and Palmdale, respectively) may be used for street and road purposes and/or transit, as long as their transit needs continue to be met; · In the City of Santa Clarita, there are no unmet transit needs that are reasonable to meet; in the City of Santa Clarita, and the unincorporated portions of the Santa Clari   Not available Not available
2022-0313 16.BudgetCONSIDER: A. APPROVING $2.9 billion in FY 2022-23 (FY23) 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 LACMTA Board approved policies and guidelines; B. APPROVING fund exchanges in the estimated amount of $3,323,653 of Metro’s TDA Article 4 allocation with Municipal Operators’ shares of Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations; C. APPROVING fund exchanges in the estimated amount of $975,482 of Metro’s Prop C 40% allocation with Antelope Valley, Santa Clarita, Burbank and Pasadena’s shares of Low Carbon Transit Operations Program. Funding will be adjusted based on LCTOP actual allocations; D. APPROVING fund exchange in the amount of $ 170,195 of Metro’s TDA Article 4 allocations with La Mirada Transit’s share of FY17 Federal Section 5307 and $199,062 of Metro’s TDA Article 4 allocations with Arcadia Transit’s share of FY17 Federal Section 5307; E. APPROVING Two-year lag fu   Not available Not available
2022-0341 17.BudgetCONSIDER: A. APPROVING local funding request for Access Services (Access) in an amount not to exceed $156,094,281 for FY23. This amount includes: 1. Local funds for operating and capital expenses in the amount of $153,651,022; 2. Local funds paid directly to Metrolink for its participation in Access’ Free Fare Program in the amount of $2,443,259; and B. AUTHORIZING the Chief Executive Officer (CEO) to negotiate and execute all necessary agreements to implement the above funding programs.   Not available Not available
2022-0255 18.BudgetCONSIDER: A. APPROVING programming the Los Angeles County Metropolitan Transportation Authority’s (“Metro”) share of the Southern California Regional Rail Authority’s (SCRRA) FY 2022-23 Operating, Rehabilitation, and Capital Budget in the amount of $171,180,124; B. EXTENDING the lapsing dates for funds previously allocated to Metrolink for the Rehabilitation and Renovation Program and Capital projects as follows: · FY 2014-15 extended from June 30, 2023 to June 30, 2024 - $3,423 · FY 2016-17 extended from June 30, 2023 to June 30, 2024 - $286,000 · FY 2018-19 extended from June 30, 2023 to June 30, 2025 - $1,651,187 · 94SCRALINK extended from June 30, 2023 to June 30, 2024 - $245,242 · 94-DORANSCRRA extended from June 30, 2022 to June 30, 2023 - $137,029 · 94SCRRAMRLUS extended from June 30, 2022 to June 30, 2023 - $69,725 · MRBRIGHTRX extended from June 30, 2022 to June 30, 2023 - $226,990; C. APPROVING the FY23 Transfers to Other Operators’ payment rate of $1.10 per boarding to Metro and an EZ Pass reimbursement cap to Metro of $5,592,000; and D. AUTHORIZING th   Not available Not available
2022-0357  Informational ReportRECEIVE General Public Comment   Not available Not available