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: 5/17/2023 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# (EspaƱol) To give written or live public comment, please see the top of page 4
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2023-0260 10.PlanADOPT the Fiscal Year 2024 (FY24) Proposed Annual Audit Plan (Attachment A).   Not available Not available
2023-0274 11.Informational ReportRECEIVE AND FILE the Management Audit Services FY 2023 third quarter report.   Not available Not available
2023-0223 12.Public HearingCONSIDER: A. ADOPTING the proposed FY24 Budget as presented in the budget document (provided in a separate transmittal and posted on ); 1. AUTHORIZING $9.0 billion annual consolidated expenditures to achieve goals and objectives set forth by the Board adopted mission and goals; 2. AUTHORIZING a total of 10,842 FTEs, with 8,943 Represented FTEs and 1,899 Non-Represented FTEs; 3. AUTHORIZING an average 3.5% performance-based merit increase and a cost-of-living adjustment (COLA) of 2.5% on July 1st, 2023, and 2.5% on January 1st, 2024, for Non-Represented employees. The COLA will adjust the Non-Represented salary pay grade bands accordingly. The wage increases for Represented employees, in accordance with the pre-negotiated Collective Bargaining Agreements, is 3.5% plus step progression increases; 4. APPROVING the Life of Project (LOP) budgets for new capital projects; new capital projects with LOP exceeding $5.0 million are presented in Attachment B; 5. AMENDING the proposed budget to include any Board approve   Not available Not available
2023-0318  Informational ReportRECEIVE General Public Comment   Not available Not available