Orange County Transportation Authority

Finance and Administration Committee Agenda

Wednesday, June 25, 2025 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

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

Chair Hennessey

Closed Session

There are no Closed Session items scheduled.

Special Calendar

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 2025. Jerry Nickelsburg, PhD, and 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 5)

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.

Approval of Minutes

Clerk of the Board

Recommendation(s)

Approve the minutes of the June 11, 2025 Finance and Administration Committee

meeting.

Attachments:

Minutes

Project Controls, Internal Audit Report 25-513

Gabriel Tang/Janet Sutter

Overview

The Internal Audit Department of the Orange County Transportation Authority has

completed an audit of the Project Controls function within the Capital Programs Division.

Based on the audit, project changes are properly documented and approved, invoices are

properly reviewed and approved, and project master schedules, monthly progress reports,

and capital action plans are timely prepared and distributed. One recommendation has

been made to improve verification of consultant-billed labor hours.

Recommendation(s)

Direct staff to implement one recommendation provided in Project Controls, Internal Audit

Report No. 25-513.

Attachments:

Staff Report

Attachment A

Orange County Transportation Authority Internal Audit Department Fiscal Year

2025-26 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)

Approve the proposed Orange County Transportation Authority Internal Audit

Department Fiscal Year 2025-26 Internal Audit Plan.

Direct the Executive Director of the Internal Audit Department to provide quarterly

updates on the Orange County Transportation Authority Internal Audit Department

Fiscal Year 2025-26 Internal Audit Plan.

Attachments:

Staff Report

Attachment A

Fiscal Year 2024-25 Third Quarter Budget Status Report

Victor Velasquez/Andrew Oftelie

Overview

Orange County Transportation Authority staff have implemented the fiscal year 2024-25

budget. This report summarizes the material variances between the budget and actual

revenues and expenses through the third quarter of fiscal year 2024-25.

Recommendation(s)

Receive and file as an information item.

Attachments:

Staff Report

Attachment A

Regular Calendar

There are no Regular Calendar items scheduled.

Discussion Items

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 Wednesday, July 23, 2025

OCTA Headquarters

Board Room

550 South Main Street

Orange, California