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File #: 25-6250   
Type: Orange County Transportation Authority Item Status: Committee Ready - Regular Calendar
File created: 5/15/2025 In control: Finance and Administration Committee
On agenda: 6/11/2025 Final action:
Title: Reserve Policy Update
Sponsors: Sean Murdock, Andrew Oftelie
Attachments: 1. Staff Report, 2. Attachment A, 3. Attachment B

Subject

title

Reserve Policy Update

overview

Overview

The Orange County Transportation Authority is committed to prudent fiscal management and maintaining the ability to fund its programs and services during times of economic uncertainty. The Orange County Transportation Authority has a history of maintaining reserves to mitigate the impacts of financial risks to the programs it operates.  Staff is proposing to update the reserve policy to increase the minimum balance requirement for the general liability reserve.

recommendation

Recommendation(s)

Adopt the Proposed Reserve Policy dated June 23, 2025, and implement the policy in current and future financial plans.