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File #: 22-4235   
Type: Orange County Transportation Authority Item Status: Passed
File created: 5/24/2022 In control: Finance and Administration Committee
On agenda: 6/8/2022 Final action: 6/13/2022
Title: Fiscal Year 2021-22 Third Quarter Budget Status Report
Sponsors: Anthony Baruch, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A


Fiscal Year 2021-22 Third Quarter Budget Status Report


Orange County Transportation Authority staff has implemented the fiscal year 2021-22 budget.  This report summarizes the material variances between the budget and actual revenues and expenses through the third quarter of fiscal year 2021-22.


A.                     Receive and file as an information item.


B.                     Approve a budget transfer of $6 million in the Orange County Transportation Authority Fiscal Year 2021-22 Budget from the Services and Supplies major object to the Capital/Fixed Assets major object to accommodate a change in accounting practices issued by the Governmental Accounting Standards Board.