Orange County Transportation Authority  
Finance and Administration Committee Agenda  
Thursday, April 16, 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 Federico  
Closed Session  
There are no Closed Session items scheduled.  
Special Calendar  
1.  
Investment Management Presentation - PFM Asset Management  
Robert Davis/Andrew Oftelie  
Overview  
PFM Asset Management is one of four firms contracted by the Orange County  
Transportation Authority to oversee the Managed Investment Portfolio. Representatives  
from PFM Asset Management will provide an overview of their firm, share market insights,  
and present an update on Orange County Transportation Authority’s portfolio.  
Attachments:  
Presentation  
Consent Calendar (Items 2 through 12)  
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 19, 2026, Finance and Administration Committee  
meeting.  
Attachments:  
Minutes  
3.  
Fiscal Year 2025-26 Internal Audit Plan, Third Quarter Update  
Janet Sutter  
Overview  
The Orange County Transportation Authority Board of Directors adopted the Orange  
County Transportation Authority Internal Audit Department Fiscal Year 2025-26 Internal  
Audit Plan on July 14, 2025. This report provides an update on activities for the third  
quarter of the fiscal year.  
Recommendation(s)  
Receive and file the third quarter update to the Orange County Transportation Authority  
Internal Audit Department Fiscal Year 2025-26 Internal Audit Plan as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
4.  
Contractor Safety Management Program, Internal Audit Report No. 26-506  
Jonathan Thompson/Janet Sutter  
Overview  
The Internal Audit Department of the Orange County Transportation Authority has  
completed an audit of the Contractor Safety Management Program. Based on the audit,  
the program could be improved by revising policy and safety specifications to better align  
with expectations, developing methods to ensure applicable project managers are  
identified and aware of their responsibilities, providing timely training and/or instructions to  
project managers, and formalizing the process for documenting safety activities and  
reporting within the Origami system.  
Recommendation(s)  
Direct staff to implement two recommendations provided in Contractor Safety  
Management Program, Internal Audit Report No. 26-506.  
Attachments:  
Staff Report  
Attachment A  
5.  
Cooperative Agreements with Special Services Agencies for Provision of OC  
ACCESS-Eligible Transportation, Internal Audit Report No. 26-509  
Gabriel Tang/Janet Sutter  
Overview  
The Internal Audit Department of the Orange County Transportation Authority has  
completed an audit of contract compliance and invoice review controls related to  
cooperative agreements with special services agencies for provision of alternative OC  
ACCESS-eligible transportation services. Based on the audit, controls are adequate.  
Internal Audit identified areas of noteworthy accomplishment.  
Recommendation(s)  
Receive and file Cooperative Agreements with Special Services Agencies for Provision of  
OC ACCESS-Eligible Transportation, Internal Audit Report No. 26-509, as an information  
item.  
Attachments:  
Staff Report  
Attachment A  
6.  
Approval to Sell Surplus Land for the Interstate 5 Improvement Project Between  
State Route 73 and Oso Parkway  
Joe Gallardo/James G. Beil  
Overview  
The Orange County Transportation Authority’s Interstate 5 Improvement Project between  
State Route 73 and Oso Parkway required the acquisition of property rights from public  
and private parties, adjacent to the existing freeway and city streets. Now approximately  
10,148 square feet of vacant commercial property, located at the corner of Camino  
Capistrano and Avery Parkway in the City of Laguna Niguel and identified as Assessor  
Parcel No. 637-231-01, is recommended to be sold as surplus land by the Orange County  
Transportation Authority. Therefore, staff is seeking approval to sell the vacant land as  
surplus land under the Surplus Land Act (Government Code Section 54220 et seq.).  
Recommendation(s)  
A.  
Direct staff to sell the surplus land located within the Interstate 5 Improvement  
Project between State Route 73 and Oso Parkway.  
B.  
Authorize the Chief Executive Officer to negotiate and execute the necessary  
documents to complete the sale of the surplus land for the offer price of $172,516.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
Attachment D  
7.  
405 Express Lanes Update for the Period Ending - December 31, 2025  
Kirk Avila  
Overview  
The Orange County Transportation Authority oversees the operations of the 405 Express  
Lanes, which commenced on December 1, 2023. During the month of December 2025,  
transactions increased 11.5 percent while trips grew by 12.4 percent on the 405 Express  
Lanes. For the quarter ending December 2025, transactions totaled 18.5 million and trips  
were 4.7 million. This report focuses on the operational and financial activities for the  
period ending December 31, 2025.  
Recommendation(s)  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
8.  
91 Express Lanes Update for the Period Ending - December 31, 2025  
Anthony Rodriguez  
Overview  
The Orange County Transportation Authority has owned and managed the operations of  
the 91 Express Lanes since January 2003. Since then, traffic volumes and toll revenues  
have fluctuated with changes in the economy and the added capacity to the State Route 91  
corridor. During the month of December 2025, approximately 1.86 million trips were taken,  
and over 5.57 million trips were made during the last quarter of calendar year 2025 on the  
91 Express Lanes in Orange County. This report focuses on the operational and financial  
activities for the period ending December 31, 2025.  
Recommendation(s)  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
9.  
Amendment  
to  
the  
91 Express  
Lanes  
Riverside  
County  
Transportation  
Commission / Orange County Transportation Authority Facility Agreement  
Anthony Rodriguez  
Overview  
The 91 Express Lanes Riverside County Transportation Commission / Orange County  
Transportation Authority Facility Agreement prescribes the funding transfers between the  
two agencies for costs incurred for the rental of administrative offices and any shared  
operational expenses in relation to the 91 Express Lanes. An amendment is needed to  
account for the reimbursement of anticipated shared operating costs incurred by the  
Riverside County Transportation Commission for the period July 1, 2026, through June 30,  
2027.  
Recommendation  
Authorize the Chief Executive Officer to negotiate and execute Amendment No. 11 to  
Agreement No. C-5-3828 between the Orange County Transportation Authority and the  
Riverside County Transportation Commission in the amount of $550,000 for the  
reimbursement of shared operational expenses through June 30, 2027.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
10.  
Approval of the Fiscal Year 2026-27 Local Transportation Fund Claim for Laguna  
Beach Public Transportation Services  
Sam Kaur/Andrew Oftelie  
Overview  
The Laguna Beach Municipal Transit Lines, a department within the City of Laguna Beach,  
is eligible to receive funding from the Local Transportation Fund in Orange County for  
providing public transportation services throughout the city. To receive the funds, the  
Laguna Beach Municipal Transit Lines must file a claim against the Local Transportation  
Fund with the Orange County Transportation Authority.  
Recommendation(s)  
A.  
Approve the Laguna Beach Municipal Transit Lines Fiscal Year 2026-27 Local  
Transportation Fund Claim for public transportation services in the amount of  
$1,480,411.  
B.  
Authorize the Chief Executive Officer of the Orange County Transportation Authority  
to  
issue  
allocation/disbursement  
instructions  
to  
the  
Orange  
County  
Auditor-Controller in the amount of the claim.  
Attachments:  
Staff Report  
11.  
Approval of the Fiscal Year 2026-27 Local Transportation Fund Claim for Public  
Transportation and Community Transit Services  
Sam Kaur/Andrew Oftelie  
Overview  
The Orange County Transit District is eligible to receive funding from the Local  
Transportation Fund for providing public transportation and community transit services  
throughout Orange County. To receive the funds, the Orange County Transit District must  
file a claim against the Local Transportation Fund with the Orange County Transportation  
Authority.  
Recommendation(s)  
A.  
Approve the Orange County Transit District Fiscal Year 2026-27 Local  
Transportation Fund Claim for public transportation services in the amount of  
$205,036,189, and for community transit services in the amount of $10,869,295 for  
a total claim amount of $215,905,484.  
B.  
Authorize the Chief Executive Officer to issue allocation/disbursement instructions  
to the Orange County Auditor-Controller in the full amount of the claims.  
Attachments:  
Staff Report  
12.  
Orange County Transportation Authority Investment and Debt Programs Report -  
February 2026  
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 February 28, 2026. 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  
Regular Calendar  
13.  
Orange County Transportation Authority Fiscal Year 2026-27 Budget Workshop  
Preview  
Victor Velasquez/Andrew Oftelie  
Overview  
The Orange County Transportation Authority is developing the fiscal year 2026-27  
proposed budget, which identifies available revenues and costs associated with providing  
transportation services and programs for Orange County.  
The fiscal year 2026-27  
proposed budget will be reviewed in detail during an informal workshop following the May  
11, 2026, Orange County Transportation Authority Board of Directors meeting.  
Recommendation(s)  
Review the fiscal year 2026-27 proposed budget in a workshop setting following the  
regularly scheduled Orange County Transportation Authority Board of Directors meeting on  
May 11, 2026.  
Attachments:  
Staff Report  
Presentation  
Discussion Items  
14.  
15.  
16.  
17.  
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, May 21, 2026  
OCTA Headquarters  
550 South Main Street  
Orange, California