Orange County Transportation Authority  
Finance and Administration Committee Agenda  
Thursday, July 16, 2026 at 10:30 a.m.  
Board Room, 550 South Main Street, Orange, California  
To participate via Zoom: https://us02web.zoom.us/j/83074408202  
Committee Members  
Michael Hennessey, Chair  
Patrick Harper, Vice Chair  
Jamey M. Federico  
William Go  
Carlos A. Leon  
Vicente Sarmiento  
Mark Tettemer  
Call to Order  
Pledge of Allegiance  
Director Sarmiento  
Closed Session  
There are no Closed Session items scheduled.  
Special Calendar  
1.  
Taxable Sales Forecast - University of California, Los Angeles  
Sam Kaur/Andrew Oftelie  
Overview  
Orange County Transportation Authority contracts with several economic specialists to  
provide an annual 30-year taxable sales forecast for Measure M2. The latest forecasts  
were received in Spring 2026. William Yu, PhD, from University of California at Los  
Angeles Anderson Forecast will provide an update on the annual forecast and economic  
outlook for Orange County to the Finance and Administration Committee.  
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 June 18, 2026, Finance and Administration Committee  
Meeting.  
Attachments:  
Minutes  
3.  
Fiscal Year 2025-26 Internal Audit Plan, Fourth 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 update is for the fourth quarter of the fiscal year.  
Recommendation(s)  
Receive and file the fourth 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.  
Orange County Transportation Authority Internal Audit Department Fiscal Year  
2026-27 Internal Audit Plan  
Janet Sutter  
Overview  
At the direction of the Orange County Transportation Authority Board of Directors, the  
Internal Audit Department develops and implements an annual risk-based internal audit  
plan. Implementation of an annual internal audit plan assists management in evaluating the  
effectiveness and efficiency of projects, programs, and operations, while ensuring that  
adequate controls and safeguards are in place to protect the Orange County  
Transportation Authority’s assets and resources.  
Recommendation(s)  
A.  
Approve the proposed Orange County Transportation Authority Internal Audit  
Department Fiscal Year 2026-27 Internal Audit Plan.  
B.  
Direct the Executive Director of the Internal Audit Department to provide quarterly  
updates on the Orange County Transportation Authority Internal Audit Department  
Fiscal Year 2026-27 Internal Audit Plan.  
Attachments:  
Staff Report  
Attachment A  
5.  
Agreement for Electrical Services for the 91 Express Lanes Entrance Gantries  
Kirk Avila  
Overview  
On May 18, 2026, the Orange County Transportation Authority issued an invitation for bids  
for the 91 Express Lanes entrance gantry electrical services. Bids were received in  
accordance with the Orange County Transportation Authority’s procurement procedures for  
public works projects. Board of Directors’ approval is requested to execute the agreement.  
Recommendation(s)  
Authorize the Chief Executive Officer to negotiate and execute Agreement No. C250338  
between the Orange County Transportation Authority and High-Light Electric, Inc., the  
lowest responsive, responsible bidder, in the amount of $335,555, for electrical services  
for the 91 Express Lanes northbound and eastbound entrance gantries.  
Attachments:  
Staff Report  
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. Approximately 24,434  
square feet of vacant commercial property located at the southwest corner of Marguerite  
Parkway and Avery Parkway in the City of Mission Viejo and identified as a portion of  
assessor parcel nos. 740-014-01 and 740-014-05, 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 $1,950,000.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
Attachment D  
Regular Calendar  
7.  
Orange County Transportation Authority Investment and Debt Programs Report -  
May 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 May 31, 2026. During the  
month of May, one investment manager purchased a security that was not in compliance  
with the investment policy. As a result of the compliance violation, the investment manager  
was put on probation for one year pursuant to the requirements of the investment policy.  
Recommendation(s)  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
Discussion Items  
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 Thursday, August 20, 2026  
OCTA Headquarters  
550 South Main Street  
Orange, California  
Accessibility  
Any person with a disability requiring modification or accommodation to participate in this  
meeting should contact the Clerk of the Board's office at (714) 560-5676, no less than two  
business days prior to the meeting.  
Agenda Descriptions and Public Availability of Agenda Materials  
Agenda descriptions are intended to provide a general summary of items of business to be  
transacted or discussed. Posting the recommended actions does not indicate what action will be  
taken. The Board may take any action that it deems to be appropriate on the agenda item and is  
not limited in any way by the notice of the recommended action.  
All documents relative to the items referenced in this agenda are available for public inspection at  
www.octa.net or at OCTA Headquarters, 600 S. Main Street, Orange, CA.  
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