OCTA header

As of April, OCTA Board of Directors and committee meetings will again be held in person. Public comments will resume in-person or may be submitted prior to meetings. Please see the meeting agenda, which will be available at least 72 hours prior to the meeting at octa.legistar.com/Calendar.

Share to Facebook Share to Twitter Bookmark and Share
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

Title

Fiscal Year 2021-22 Third Quarter Budget Status Report

Overview

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.

Recommendation(s)

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.