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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: 9/14/2022 1:30 PM Minutes status: Draft  
Meeting location: Watch online: 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  
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2022-0530 14.PolicyAUTHORIZE the Chief Executive Officer to renew existing group insurance policies covering Non-Contract and AFSCME employees, including long term disability coverage for Teamster employees, and life insurance for all full time Metro employees, for the one-year period beginning January 1, 2023.   Not available Not available
2022-0453 15.Informational ReportRECEIVE AND FILE Office of the Inspector General (OIG) Final Report on the Statutorily Mandated Audit of Miscellaneous Expenses for the Period of January 1, 2022 to March 31, 2022.   Not available Not available
2022-0413 16.ContractAUTHORIZE the Chief Executive Officer to: A. EXECUTE Modification No. 155.01 to Contract No. OP02461010-MAINT with Cubic Transportation Systems, Inc., (Cubic) for maintenance support services of fare collection equipment at Metro stations related to the Crenshaw/LAX (K Line) Transit Project and Regional Connector Project, in the amount of $1,054,539 from $383,998,282 to $385,052,821; and B. NEGOTIATE the contract modification value based on final Revenue Operation Dates of both projects in an amount not-to-exceed $200,000 above $1,054,539.   Not available Not available
2022-0466 17.ResolutionADOPT a resolution that authorizes the Chief Executive Officer and/or other Designated Officers to renew and/or replace the existing direct-pay letter of credit (“LOC”) with respect to the Measure R Short-Term Borrowing Program, Attachment A. (REQUIRES SEPARATE, SIMPLE MAJORITY VOTE OF THE BOARD)   Not available Not available
2022-0589  Informational ReportRECEIVE General Public Comment   Not available Not available