One Gateway Plaza, Los Angeles, CA 90012,  
3rd Floor, Metro Board Room  
Agenda - Final  
Thursday, July 16, 2026  
10:00 AM  
Listen by phone: Dial 888-978-8818 and enter Access Code:  
5647249# (English) or 7292892# (Español)  
To give written or live public comment, please see the top of page 4  
Finance, Budget and Audit Committee  
METROPOLITAN TRANSPORTATION AUTHORITY BOARD AGENDA RULES  
(ALSO APPLIES TO BOARD COMMITTEES)  
PUBLIC INPUT  
A member of the public may address the Board on agenda items, before or during the Board or  
Committee’s consideration of the item for one (1) minute per item, or at the discretion of the Chair.  
request to address the Board must be submitted electronically using the tablets available in the Board  
Room lobby. Individuals requesting to speak will be allowed to speak for a total of three (3) minutes  
per meeting on agenda items in one minute increments per item. For individuals requiring translation  
service, time allowed will be doubled. The Board shall reserve the right to limit redundant or repetitive  
comment.  
A
The public may also address the Board on non-agenda items within the subject matter jurisdiction of  
the Board during the general public comment period, which will be held at the beginning and /or end of  
each meeting. Each person will be allowed to speak for one (1) minute during this General Public  
Comment period or at the discretion of the Chair. Speakers will be called according to the order in  
which their requests are submitted. Elected officials, not their staff or deputies, may be called out of  
order and prior to the Board’s consideration of the relevant item.  
Notwithstanding the foregoing, and in accordance with the Brown Act, this agenda does not provide an  
opportunity for members of the public to address the Board on any Consent Calendar agenda item  
that has already been considered by a Committee, composed exclusively of members of the Board, at  
a
public meeting wherein all interested members of the public were afforded the opportunity to  
address the Committee on the item, before or during the Committees consideration of the item, and  
which has not been substantially changed since the Committee heard the item.  
In accordance with State Law (Brown Act), all matters to be acted on by the MTA Board must be  
posted at least 72 hours prior to the Board meeting. In case of emergency, or when a subject matter  
arises subsequent to the posting of the agenda, upon making certain findings, the Board may act on  
an item that is not on the posted agenda.  
TECHNOLOGY DISRUPTIONS - Although staff will do their due diligence to restore service, if joining  
the meeting virtually, please be aware that the Committee or Board may continue its meeting not  
withstanding a technical disruption that prevents members of the public from attending or observing  
the meeting via the two-way telephonic service or two-way audio visual platform.  
CONDUCT IN THE BOARD ROOM  
-
The following rules pertain to conduct at Metropolitan  
Transportation Authority meetings:  
REMOVAL FROM THE BOARD ROOM - The Chair shall order removed from the Board Room any  
person who commits the following acts with respect to any meeting of the MTA Board:  
a. Disorderly behavior toward the Board or any member of the staff thereof, tending to interrupt the  
due  
and orderly course of said meeting.  
b. A breach of the peace, boisterous conduct or violent disturbance, tending to interrupt the due and  
orderly course of said meeting.  
c. Disobedience of any lawful order of the Chair, which shall include an order to be seated or to  
refrain from addressing the Board; and  
d. Any other unlawful interference with the due and orderly course of said meeting.  
INFORMATION RELATING TO AGENDAS AND ACTIONS OF THE BOARD  
Agendas for the Regular MTA Board meetings are prepared by the Board Clerk and are available prior  
to the meeting in the MTA Records Management Department and on the Internet. Every meeting of  
the MTA Board of Directors is recorded and is available at https://www.metro.net or on CD’s and as  
DISCLOSURE OF CONTRIBUTIONS  
The State Political Reform Act (Government Code Section 84308) requires that  
a party to a  
proceeding coming before an agency involving a license, permit, or other entitlement for use including  
all contracts (other than competitively bid contracts that are required by law, agency policy, or agency  
rule to be awarded pursuant to  
a competitive process , labor contracts, personal employment  
contracts, contracts valued under $50,000, contracts where no party receives financial compensation,  
contracts between two or more agencies, the periodic review or renewal of development agreements  
unless there is a material modification or amendment proposed to the agreement, the periodic review  
or renewal of competitively bid contracts unless there are material modifications or amendments  
proposed to the agreement that are valued at more than 10 percent of the value of the contract or fifty  
thousand dollars ($50,000), whichever is less, and modifications of or amendments to any of the  
foregoing contracts, other than competitively bid contracts), shall disclose on the record of the  
proceeding any contributions in an amount of more than $500 made within the preceding 12 months  
by the party, or the party’s agent, to any officer of the agency. When a closed corporation is party to,  
or participant in, such a proceeding, the majority shareholder must make the same disclosure. Failure  
to comply with this requirement may result in the assessment of civil or criminal penalties.  
ADA REQUIREMENTS  
Upon  
request,  
sign  
language  
interpretation,  
materials  
in  
alternative  
formats  
and  
other  
accommodations are available to the public for MTA-sponsored meetings and events. All requests for  
reasonable accommodations must be made at least three working days (72 working hours) in  
advance of the scheduled meeting date.  
Please telephone (213) 364-2837 or (213) 922-4600  
between 8 a.m. and 5 p.m., Monday through Friday. Our TDD line is (800) 252-9040.  
Requests can also be sent to boardclerk@metro.net.  
LIMITED ENGLISH PROFICIENCY  
A Spanish language interpreter is available at all Committee and Board Meetings. All other languages  
must be requested 72 hours in advance of the meeting by calling (213) 364-2837 or (213) 922-4600.  
Live Public Comment Instructions can also be translated if requested 72 hours in advance.  
Requests can also be sent to boardclerk@metro.net.  
HELPFUL PHONE NUMBERS AND EMAIL  
Copies of Agendas/Record of Board Action/Recordings of Meetings - (213) 922-4880 (Records  
Management Department) - https://records.metro.net  
General Information/Rules of the Board - (213) 922-4600  
Internet Access to Agendas - https://www.metro.net  
TDD line (800) 252-9040  
Board Clerk Email - boardclerk@metro.net  
NOTE: ACTION MAY BE TAKEN ON ANY ITEM IDENTIFIED ON THE AGENDA  
Live Public Comment Instructions:  
Live public comment can be given by telephone or in-person.  
The Meeting begins at 10:00 AM Pacific Time on July 16, 2026; you may join the call 5  
minutes prior to the start of the meeting.  
Dial-in: 888-978-8818 and enter  
English Access Code: 5647249#  
Spanish Access Code: 7292892#  
Public comment will be taken as the Board takes up each item. To give public  
comment on an item, enter #2 (pound-two) when prompted. Please note that the  
live video feed lags about 30 seconds behind the actual meeting. There is no lag  
on the public comment dial-in line.  
Instrucciones para comentarios publicos en vivo:  
Los comentarios publicos en vivo se pueden dar por telefono o en persona.  
La Reunion de la Junta comienza a las 10:00 AM, hora del Pacifico, el 16 de Julio de 2026.  
Puedes unirte a la llamada 5 minutos antes del comienso de la junta.  
Marque: 888-978-8818 y ingrese el codigo  
Codigo de acceso en ingles: 5647249#  
Codigo de acceso en espanol: 7292892#  
Los comentarios del público se tomaran cuando se toma cada tema. Para dar un  
comentario público sobre una tema ingrese # 2 (Tecla de numero y dos) cuando  
se le solicite. Tenga en cuenta que la transmisión de video en vivo se retrasa  
unos 30 segundos con respecto a la reunión real. No hay retraso en la línea de  
acceso telefónico para comentarios públicos.  
Written Public Comment Instruction:  
Written public comments must be received by 5PM the day before the meeting.  
Please include the Item # in your comment and your position of “FOR,” “AGAINST,”  
"GENERAL COMMENT," or "ITEM NEEDS MORE CONSIDERATION."  
Email: BoardClerk@metro.net  
Post Office Mail:  
Board Administration  
One Gateway Plaza  
MS: 99-3-1  
Los Angeles, CA 90012  
CALL TO ORDER  
ROLL CALL  
APPROVE Consent Calendar Items: 24, 25, 26, 27, and 28.  
Consent Calendar items are approved by one motion unless held by a Director for discussion  
and/or separate action.  
CONSENT CALENDAR  
24. SUBJECT:  
EXCESS LIABILITY INSURANCE PROGRAM  
RECOMMENDATION  
AUTHORIZE the Chief Executive Officer to negotiate and purchase Public  
Entity excess liability policies with up to $300 million in limits at a  
not-to-exceed premium of $31 million for the 12-month period effective  
August 1, 2026, to August 1, 2027.  
Attachments:  
25. SUBJECT:  
CYBERSECURITY LIABILITY INSURANCE PROGRAM  
RECOMMENDATION  
AUTHORIZE the Chief Executive Officer to negotiate and purchase a  
cybersecurity liability insurance policy with up to $50 million in limits at a  
cost not-to-exceed $2.7 million for the 12-month period effective September  
1, 2026, to September 1, 2027.  
Attachments:  
26. SUBJECT:  
FY26 LOCAL RETURN CAPITAL RESERVE ACCOUNTS  
RECOMMENDATION  
CONSIDER:  
A. ESTABLISHING new Local Return funded Capital Reserve Accounts for  
the Cities of Bell (Measure M), Beverly Hills (Measure M), Compton  
(Proposition C), Lawndale (Proposition C and Measure M), Lynwood  
(Proposition C), Palmdale (Proposition C, Measure R, Measure M),  
Palos Verdes Estates (Proposition C), Rolling Hills Estates (Proposition  
C, Measure R, Measure M), Rosemead (Proposition C), San Dimas  
(Proposition C, Measure M), Santa Monica (Proposition C, Measure M),  
Sierra Madre (Proposition A), and Torrance (Proposition C), and  
amending the Local Return funded Capital Reserve Account for the City  
of Lomita (Proposition C) (Attachment A); and  
B. AUTHORIZING the Chief Executive Officer to negotiate and execute all  
necessary agreements between Los Angeles County Metropolitan  
Transportation Authority (LACMTA) and the Cities in Recommendation  
A for their Capital Reserve Accounts as approved.  
Attachments:  
27. SUBJECT:  
FY27 TRANSPORTATION DEVELOPMENT ACT (TDA)  
ARTICLE 8 FUND PROGRAM  
RECOMMENDATION  
ADOPT:  
A. FINDINGS and RECOMMENDATIONS (Attachment A) for allocating  
Fiscal Year 2027 (FY27) Transportation Development Act (TDA) Article  
8 funds (Attachment B) estimated at $35,546,436 as follows:  
1. In the City of Avalon, there are no unmet transit needs that are  
reasonable to meet. Therefore, TDA Article 8 funds in the amount of  
$167,800 may be used for street and road projects or transit  
projects;  
2. 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 the Antelope Valley,  
transit needs can be met by using other existing fund sources.  
Therefore, TDA Article 8 funds in the amount of $8,817,477 for  
Lancaster and $8,288,185 for Palmdale may be used for street and  
road projects or transit projects, if transit needs continue to be met;  
3. 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 Clarita Valley, existing transit  
needs can be met through the recommended actions using other  
fund sources. Therefore, $11,526,141 in TDA Article 8 funds for the  
City of Santa Clarita may be used for street and road projects or  
transit projects, if transit needs continue to be met;  
4. In the Los Angeles County Unincorporated areas of North County,  
the areas encompassing both the Antelope Valley and the Santa  
Clarita Valley, transit needs are met with other fund sources such as  
Proposition A and Proposition C Local Return. Therefore, TDA  
Article 8 funds in the amount of $6,746,833 may be used for street  
and road projects or transit projects, if transit needs continue to be  
met; and  
B. A RESOLUTION (Attachment C) making a determination of unmet  
public transportation needs in the areas of Los Angeles County outside  
the Metro service area.  
Attachments:  
28. SUBJECT:  
TECHNICAL ENHANCEMENT AND BUSINESS PROCESS  
ADVISORY SERVICES  
RECOMMENDATION  
AUTHORIZE the Chief Executive Officer (CEO) to:  
A. AWARD a five-year on-call firm fixed unit rate Contract No.  
PS132584000 to KPMG LLP to provide custom application development  
and maintenance in Oracle, Salesforce, and Microsoft SharePoint in the  
Not to Exceed (NTE) amount of $12,198,522, subject to the resolution of  
any properly submitted protest(s), if any;  
B. AWARD a five-year on-call firm fixed unit rate Contract No.  
PS132584001 to Crowe LLP to provide business improvement process  
studies related to Metro financial/accounting functions in the NTE  
amount of $1,562,830, subject to the resolution of any properly  
submitted protest(s), if any; and  
C. AWARD a five-year on-call firm fixed unit rate Contract No.  
PS132584002 to KPMG LLP to provide organizational and resource  
planning and management in the NTE amount of $1,201,825, subject to  
the resolution of any properly submitted protest(s), if any.  
Attachments:  
NON-CONSENT  
29. SUBJECT:  
CONSOLIDATED AUDIT FOR FISCAL YEAR 2025  
RECOMMENDATION  
RECEIVE AND FILE the Consolidated Audit Financial and Compliance  
Reports completed by Vasquez and Company (Vasquez) and Simpson and  
Simpson (Simpson), certified public accountants, for the fiscal year ended  
June 30, 2025 (FY25).  
Attachments:  
30. SUBJECT:  
ACCESS SERVICES FISCAL YEAR 2027 PROPOSED  
BUDGET  
RECOMMENDATION  
CONSIDER:  
A. APPROVING local funding request for Access Services (Access) in  
an amount not to exceed $240,986,909 for FY27. This amount  
includes:  
1. Local funds for operating and capital expenses in the amount of  
$238,218,046  
2. Local funds paid directly to Metrolink for its participation in  
Access’ Free Fare Program in the amount of $2,768,863  
B. AMENDING the FY27 Budget by $27,150,139 to fully fund  
Recommendation A; and  
C. AUTHORIZING the Chief Executive Officer (CEO) to negotiate and  
execute all necessary agreements to implement the above funding  
program.  
Attachments:  
SUBJECT:  
GENERAL PUBLIC COMMENT  
RECEIVE General Public Comment  
Consideration of items not on the posted agenda, including: items to be presented and (if  
requested) referred to staff; items to be placed on the agenda for action at a future meeting of  
the Committee or Board; and/or items requiring immediate action because of an emergency  
situation or where the need to take immediate action came to the attention of the Committee  
subsequent to the posting of the agenda.  
COMMENTS FROM THE PUBLIC ON ITEMS OF PUBLIC INTEREST WITHIN  
COMMITTEE’S SUBJECT MATTER JURISDICTION  
Adjournment