Orange County Transportation Authority  
Finance and Administration Committee Agenda  
Thursday, February 19, 2026 at 10:30 a.m.  
Board Room, 550 South Main Street, Orange, California  
Committee Members  
Michael Hennessey, Chair  
Patrick Harper, Vice Chair  
Jamey M. Federico  
William Go  
Carlos A. Leon  
Vicente Sarmiento  
Mark Tettemer  
Accessibility  
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 Leon  
Closed Session  
There are no Closed Session items scheduled.  
Special Calendar  
1.  
Committee Meeting 2026 Schedule  
Michael Hennessey  
Overview  
Committee Chair Hennessey will lead a discussion regarding the 2026 meeting schedule  
for the Finance and Administration Committee.  
Recommendation(s)  
Approve the 2026 Finance and Administration Committee meeting calendar.  
Attachments:  
Calendar  
2.  
Roles and Responsibilities of the Finance and Administrative Committee  
Darrell E. Johnson  
Overview  
Roles and responsibilities for the Finance and Administrative Committee are reviewed  
periodically for any appropriate changes or additions.  
Recommendation(s)  
Approve the 2026 Finance and Administrative Committee Roles and Responsibilities.  
Attachments:  
Roles and Responsibilities  
3.  
Investment Management Presentation - Payden & Rygel  
Robert Davis/Andrew Oftelie  
Overview  
Payden & Rygel is one of four firms contracted by the Orange County Transportation  
Authority to oversee the Managed Investment Portfolio. Representatives from Payden &  
Rygel 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 4 through 10)  
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.  
4.  
Approval of Minutes  
Clerk of the Board  
Recommendation(s)  
Approve the minutes of the January 15, 2026, Finance and Administration Committee  
meeting.  
Attachments:  
Minutes  
5.  
Audit Responsibilities of the Finance and Administration Committee  
Janet Sutter  
Overview  
The Finance and Administration Committee of the Board of Directors of the Orange  
County Transportation Authority serves as an audit committee in its oversight of audit  
activities. Annually, the Board of Directors approves the audit responsibilities of the  
Finance and Administration Committee to reaffirm these responsibilities.  
Recommendation(s)  
Approve the audit responsibilities of the Finance and Administration Committee.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
6.  
Board  
Member  
Compensation,  
Mileage  
Reimbursements,  
and  
Training  
Requirements, Internal Audit Report No. 26-507  
Gabriel Tang/Janet Sutter  
Overview  
The Internal Audit Department of the Orange County Transportation Authority has  
completed an audit of Board Member compensation, mileage reimbursements, and  
training requirements. Based on the audit, controls over processing compensation and  
mileage reimbursements are adequate and functioning, however, weaknesses were  
identified in notification and tracking of mandatory training requirements, and  
documentation and implementation of practices for determining Board Member eligibility  
to receive mileage reimbursements.  
Recommendation(s)  
Direct staff to implement two recommendations provided in Board Member  
Compensation, Mileage Reimbursements, and Training Requirements, Internal Audit  
Report No. 26-507.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
7.  
Approval  
Estimates  
of  
Local  
Transportation  
Fund  
Fiscal  
Year  
2026-27 Apportionment  
Sam Kaur/Andrew Oftelie  
Overview  
The Orange County Transportation Authority, as the transportation planning agency and  
county transportation commission for Orange County, is responsible for developing  
estimates used in apportioning revenues earned and deposited in the Orange County  
Local Transportation Fund. Transportation Development Act regulations require that the  
apportionments for fiscal year 2026-27 be determined, and prospective claimants be  
advised of the amounts.  
Recommendation(s)  
Approve the Local Transportation Fund fiscal year 2026-27 apportionment estimates and  
authorize the Chief Executive Officer to advise all prospective claimants of the amounts of  
all area apportionments from the Orange County Local Transportation Fund.  
Attachments:  
Transmittal  
Staff Report  
8.  
Local Transportation Fund Claims for Fiscal Year 2026-27  
Sam Kaur/Andrew Oftelie  
Overview  
The Orange County Transit District is eligible to receive funding from the Local  
Transportation Fund for providing public transportation services throughout Orange County.  
To receive these funds, the Orange County Transit District, as the public transit and  
community transit services operator, must file claims with the Orange County  
Transportation Authority, the transportation planning agency for Orange County.  
Recommendation(s)  
Adopt Orange County Transit District Resolution No. 2026-009 authorizing the filing of  
Local Transportation Fund claims, in the estimated amounts of $205,036,189 to support  
public transportation and $10,869,295 for community transit services.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
9.  
Orange County Transportation Authority Investment and Debt Programs Report -  
December 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 December 31, 2025. The  
report has been reviewed and is consistent with the investment practices contained in the  
Board of Directors’ approved investment policy.  
Recommendation(s)  
Receive and file as an information item.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
10.  
Amendment to Agreement for System Management and Business Analyst Support  
Services  
Victor Velasquez/Andrew Oftelie  
Overview  
On February 13, 2023, the Orange County Transportation Authority Board of Directors  
approved an agreement with Carpe Datum to provide system management and business  
analyst support services for the various financial systems used by the Financial Planning  
and Analysis Department, for a two-year initial term, with three, one-year option terms.  
Board of Directors’ approval is requested to amend the agreement to exercise the second  
option term to continue services for an additional one-year period effective April 1, 2026  
through March 31, 2027.  
Recommendation(s)  
Authorize the Chief Executive Officer to negotiate and execute Amendment No. 3 to  
Agreement No. C-2-2575 between the Orange County Transportation Authority and Carpe  
Datum to exercise the second option term, in the amount of $319,000, to provide system  
management and business analyst support services, effective April 1, 2026 through March  
31, 2027. This will increase the maximum obligation to a total contract value of $999,340.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Regular Calendar  
There are no Regular Calendar items scheduled.  
Discussion Items  
11.  
12.  
13.  
14.  
Public Comments  
Chief Executive Officer's Report  
Committee Members' Reports  
Adjournment  
The next regularly scheduled meeting of this Committee will be held:  
10:30 a.m. on Thursday, March 19, 2026  
OCTA Headquarters  
550 South Main Street  
Orange, California