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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: 3/15/2023 1:30 PM Minutes status: Draft  
Meeting location: Los Angeles County Metropolitan Transportation Authority One Gateway Plaza 3rd Floor Board Room
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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2023-0030 9.Informational ReportRECEIVE AND FILE the Management Audit Services FY 2023 second-quarter report.   Not available Not available
2023-0048 10.PolicyCONSIDER: A. ADOPTING the Investment Policy in Attachment A; B. APPROVING the Financial Institutions Resolution authorizing financial institutions to honor signatures of LACMTA Officials, Attachment B; 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 (“Code”) Section 53607.   Not available Not available
2023-0098 11.Informational ReportRECEIVE AND FILE status report on Access Services - ADA Paratransit.   Not available Not available
2023-0054 12.ContractAUTHORIZE the Chief Executive Officer to award ten- (10) year bench Contract Nos. PS45150000 through PS45150007, for investment management services, to the firms listed below, for a total not-to-exceed amount of $12,393,750 for the initial five-year base term, plus $12,393,750 for the five-year option term, for a combined not-to-exceed amount of $24,787,500, effective April 1, 2023, subject to resolution of protest(s), if any: A. Discipline 1: Intermediate duration fixed income managers 1.1 LM Capital Group, LLC 1.2 RBC Global Asset Management (U.S.), Inc. 1.3 Chandler Asset Management, Inc. 1.4 US Bancorp Asset Management, Inc. 1.5 Payden & Rygel B. Discipline 2: Short-term duration fixed income managers 2.1 CSM Advisors, LLC dba CS McKee 2.2 Longfellow Investment Management Co., LLC 2.3 US Bancorp Asset Management, Inc. 2.4 Loop Capital Asset Management 2.5 Payden & Rygel 2.6 RBC Global Asset Management (U.S.), Inc.   Not available Not available
2023-0004 13.ResolutionADOPT a Resolution (Attachment A) that authorizes the issuance and sale of up to $330 million in aggregate principal amount of the Proposition C Sales Tax Revenue Refunding Bonds in one or more series, and the taking of all other actions necessary in connection with the issuance of the refunding bonds. (REQUIRES SEPARATE, SIMPLE MAJORITY BOARD VOTE)   Not available Not available
2023-0101 14.Informational ReportRECEIVE AND FILE the Fiscal Year 2024 (FY24) Budget Development Status Update.   Not available Not available
2023-0154  Informational ReportRECEIVE General Public Comment   Not available Not available