Title
Fiscal Year 2020-21 Proposed Budget Amendment
Overview
Staff proposes a budget amendment to update the Orange County Transportation Authority’s Fiscal Year 2020-21 Approved Budget. This amendment better aligns the budget with anticipated revenue and expenditures through the balance of the fiscal year by reducing bus program revenues and expenditures based on reduced service levels, increasing the Express Lanes Expense budget, and adjusting the Los Angeles - San Diego - San Luis Obispo Rail Corridor Agency Deputy Managing Director from salary grade V to salary grade X.
Recommendation(s)
A. Amend the Orange County Transportation Authority’s Fiscal Year 2020-21 approved budget increasing the revenue and expense budget in the amount of approximately $4.7 million to accommodate updated budget assumptions for both revenue and expense items.
B. Amend the Orange County Transportation Authority’s Fiscal Year 2020-21 Personnel and Salary Resolution and budget to adjust the Los Angeles - San Diego - San Luis Obispo Rail Corridor Agency Deputy Managing Director position from a salary grade V to a salary grade X.