Orange County Transportation Authority  
Finance and Administration Committee Agenda  
Wednesday, March 12, 2025 at 10:30 a.m.  
Board Room, 550 South Main Street, Orange, California  
Committee Members  
Michael Hennessey, Chair  
Patrick Harper, Vice Chair  
Mike Carroll  
Jamey M. Federico  
Carlos A. Leon  
Vicente Sarmiento  
Mark Tettemer  
Any person with a disability who requires a modification or accommodation in order to participate  
in this meeting should contact the Orange County Transportation Authority (OCTA) Clerk of the  
Board's office at (714) 560-5676, no less than two business days prior to this meeting to enable  
OCTA to make reasonable arrangements to assure accessibility to this meeting.  
Agenda Descriptions  
Agenda descriptions are intended to give members of the public a general summary of items of  
business to be transacted or discussed. The posting of the recommended actions does not  
indicate what action will be taken. The Committee may take any action which it deems to be  
appropriate on the agenda item and is not limited in any way by the notice of the recommended  
action.  
Public Availability of Agenda Materials  
All documents relative to the items referenced in this agenda are available for public inspection at  
www.octa.net or through the Clerk of the Board’s office at the OCTA Headquarters, 600 South  
Main Street, Orange, California.  
Meeting Access and Public Comments on Agenda Items  
Members of the public can either attend in-person or access live streaming of the Committee  
meetings by clicking this link: https://octa.legistar.com/Calendar.aspx  
In-Person Comment  
Members of the public may attend in-person and address the Board regarding any item within the  
subject matter jurisdiction of the Orange County Transportation Authority. Please complete a  
speaker’s card and submit it to the Clerk of the Board and notify the Clerk regarding the agenda  
item number on which you wish to speak. Speakers will be recognized by the Chair at the time of  
the agenda item is to be considered by the Board. Comments will be limited to three minutes. The  
Brown Act prohibits the Board from either discussing or taking action on any non-agendized  
items.  
Written Comment  
Written public comments may also be submitted by emailing them to ClerkOffice@octa.net, and  
must be sent by 5:00 p.m. the day prior to the meeting. If you wish to comment on a specific  
agenda Item, please identify the Item number in your email. All public comments that are timely  
received will be part of the public record and distributed to the Board. Public comments will be  
made available to the public upon request.  
Call to Order  
Pledge of Allegiance  
Director Federico  
Closed Session  
There are no Closed Session items scheduled.  
Special Calendar  
1.  
Investment Management Presentation - Chandler Asset Management  
Robert Davis/Andrew Oftelie  
Overview  
Chandler Asset Management is one of four firms contracted by the Orange County  
Transportation Authority to oversee the Managed Investment Portfolio. Representatives  
from Chandler Asset Management will provide an introduction to their firm, along with  
market insights and an update on Orange County Transportation Authority’s portfolio.  
Attachments:  
Presentation  
Consent Calendar (Items 2 through 6)  
All items on the Consent Calendar are to be approved in one motion unless a Committee  
Member or a member of the public requests separate action or discussion on a specific item.  
2.  
Approval of Minutes  
Clerk of the Board  
Recommendation(s)  
Approve the minutes of the February 26, 2025 Finance and Administration Committee  
meeting.  
Attachments:  
Minutes  
3.  
Orange County Transportation Authority Internal Audit Department Peer Review  
Janet Sutter  
Overview  
An external quality assurance, or peer review, of the Internal Audit Department of the  
Orange County Transportation Authority has been completed. The peer review found that  
the Internal Audit Department’s quality control system was suitably designed and operating  
effectively to provide reasonable assurance of compliance with Generally Accepted  
Government Auditing Standards for the period January 1, 2022 through December 31,  
2024.  
Recommendation(s)  
Receive and file the Orange County Transportation Authority Internal Audit Department  
Peer Review as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
4.  
Orange County Transportation Authority Investment and Debt Programs Report -  
January 2025  
Robert Davis/Andrew Oftelie  
Overview  
The Orange County Transportation Authority has a comprehensive investment and debt  
program to fund its immediate and long-term cash flow demands. Each month, the  
Treasurer submits  
a
report detailing investment allocation, performance, compliance,  
outstanding debt balances, and credit ratings for the Orange County Transportation  
Authority’s debt program. This report is for the month ending January 31, 2025. The report  
has been reviewed and is consistent with the investment practices contained in the  
investment policy.  
Recommendation(s)  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
5.  
Environmental  
Mitigation  
Program  
Endowment  
Fund  
Investment  
Report  
for  
December 31, 2024  
Robert Davis/Andrew Oftelie  
Overview  
The Orange County Transportation Authority has developed  
a
Natural Community  
Conservation Plan/Habitat Conservation Plan, acquired conservation properties, and  
funded habitat restoration projects to mitigate the impacts of Measure M2 freeway  
programs. The California Community Foundation manages the non-wasting endowment  
required to fund the long-term management of the conservation properties. Each quarter,  
the California Community Foundation publishes a comprehensive report detailing the  
composition of the pool and its performance.  
Recommendation(s)  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
6.  
Second Quarter Fiscal Year 2024-25 Procurement Status Report  
Pia Veesapen/Andrew Oftelie  
Overview  
The second quarter procurement status report summarizes the procurement activities for  
information purposes to the Orange County Transportation Authority Board of Directors.  
This report focuses on procurement activity from October 1, 2024 through December 31,  
2024, that was approved by the Board of Directors during this period. The second quarter  
procurement status report also projects future procurement activity for the third quarter as  
identified in the fiscal year 2024-25 budget.  
Recommendation(s)  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
Attachment D  
Attachment E  
Attachment F  
Attachment G  
Regular Calendar  
There are no Regular Calendar items scheduled.  
Discussion Items  
7.  
Public Comments  
8.  
Chief Executive Officer's Report  
Committee Members' Reports  
9.  
10.  
Adjournment  
The next regularly scheduled meeting of this Committee will be held:  
10:30 a.m. on Wednesday, March 26, 2025  
OCTA Headquarters, Board Room  
550 South Main Street  
Orange, California