Orange County Transportation Authority  
Finance and Administration Committee Agenda  
Wednesday, March 26, 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 - 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 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 March 12, 2025 Finance and Administration Committee  
meeting.  
Attachments:  
Minutes  
3.  
Transit Field Supervision, Internal Audit Report No. 25-508  
Jonathan Thompson/Janet Sutter  
Overview  
The Internal Audit Department of the Orange County Transportation Authority has  
completed an audit of transit field supervision. Based on the audit, field supervision  
activities are effectively performed and recorded, and in accordance with guidelines and  
standards set by management.  
Recommendation(s)  
Receive and file Transit Field Supervision, Internal Audit Report No. 25-508, as an  
information item.  
Attachments:  
Staff Report  
Attachment A  
4.  
Investments: Compliance, Controls, and Reporting, July 1 through December 31,  
2024, Internal Audit Report No. 25-511  
Gabriel Tang/Janet Sutter  
Overview  
The Internal Audit Department has completed an audit of investments for the period July 1  
through December 31, 2024. Based on the audit, the Orange County Transportation  
Authority complied with its debt, investment, and reporting policies and procedures;  
however, the Internal Audit Department made a recommendation to enhance the review of  
the monthly Investment and Debt Programs Reports.  
Recommendation(s)  
Direct staff to implement  
a
recommendation provided in Investments: Compliance,  
Controls, and Reporting, July 1 through December 31, 2024, Internal Audit Report No.  
25-511.  
Attachments:  
Staff Report  
Attachment A  
5.  
Fiscal Year 2024-25 Second Quarter Budget Status Report  
Victor Velasquez/Andrew Oftelie  
Overview  
Orange County Transportation Authority staff has implemented the fiscal year 2024-25  
budget. This report summarizes the material variances between the budget and actual  
revenues and expenses through the second quarter of fiscal year 2024-25.  
Recommendation(s)  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
6.  
Sole Source Agreement for Health Insurance Brokerage Services  
Bea Maselli/Maggie McJilton  
Overview  
The Orange County Transportation Authority contracts with the Public Risk Innovation,  
Solutions, and Management to participate in a purchasing insurance pool for employee  
health and welfare insurance benefits. Pool members are required to have Alliant  
Insurance Services, Inc. as their primary broker of record. To continue participation in the  
pool, a new broker agreement is necessary. A proposal was solicited and received from  
Alliant Insurance Services, Inc. as a sole source procurement for health insurance  
brokerage services. Board of Directors’ approval is required for the firm to provide the  
services.  
Recommendation(s)  
Authorize the Chief Executive Officer to negotiate and execute sole source Agreement No.  
C-5-3980 between the Orange County Transportation Authority and Alliant Insurance  
Services, Inc., in the amount of $640,000, for a five-year term, effective June 1, 2025  
through May 31, 2030, to provide health insurance brokerage services.  
Attachments:  
Staff Report  
Regular Calendar  
There are no Regular Calendar items scheduled.  
Discussion Items  
7.  
Fiscal Year 2025-26 Budget Assumptions  
Victor Velasquez/Andrew Oftelie  
Overview  
Staff is in the process of developing the fiscal year 2025-26 annual budget. Staff will be  
presenting revenue and expenditure assumptions for the committee’s consideration.  
Attachments:  
Presentation  
8.  
Public Comments  
9.  
Chief Executive Officer's Report  
Committee Members' Reports  
10.  
11.  
Adjournment  
The next regularly scheduled meeting of this Committee will be held:  
10:30 a.m. on Wednesday, April 23, 2025  
OCTA Headquarters  
Board Room  
550 South Main Street  
Orange, California