Subject
title
Approval of the Orange County Transportation Authority’s Proposed Fiscal Year 2024-25 Budget and Personnel and Salary Resolution
overview
Overview
The Orange County Transportation Authority Fiscal Year 2024-25 Proposed Budget presents a balanced plan of sources and uses of funds while providing for the current and future transportation needs of Orange County. A public hearing on the Orange County Transportation Authority Fiscal Year 2024-25 Proposed Budget was held at the Board of Directors’ meeting on June 10, 2024. The budget is required to be approved on or before June 30, 2024. The Board of Directors will also be asked to approve the Personnel and Salary Resolution as part of the budget approval process.
recommendation
Recommendation(s)
A. Approve by Resolution the Orange County Transportation Authority’s Proposed Fiscal Year 2024-25 Budget.
B. Approve the Proposed Personnel and Salary Resolution for fiscal year 2024-25.
C. Approve the update to the Policy for Compensation, Benefits, Reimbursement of Expenses and Mandatory Training for Members of the Board of Directors.
D. Authorize the Chief Executive Officer, or his designee, to negotiate and execute the software and hardware licensing, maintenance, and emergency support purchase orders, and/or agreements.
E. Approve the fiscal year 2024-25 Orange County Transportation Authority member agency contribution to the Southern California Regional Rail Authority operating subsidy, in an amount up to $50,331,477, conditionally based on all other member agencies agreement to the contribution. In addition, approve the capital and rehabilitation expenditure budget contingent upon all member agencies’ approval of their respective capital and rehabilitation budgets. The Orange County Transportation Authority’s portion of the costs for capital is $1,173,150 and $37,930,330 for rehabilitation.