Orange County Transportation Authority  
Finance and Administration Committee Agenda  
Wednesday, June 14, 2023 at 10:30 a.m.  
Board Room, 550 South Main Street, Orange, California  
Committee Members  
Michael Hennessey, Chairman  
Patrick Harper, Vice Chairman  
Andrew Do  
Jamey Federico  
Brian Goodell  
Steve Jones  
Vicente Sarmiento  
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  
Public Availability of Agenda Materials  
All documents relative to the items referenced in this agenda are available for public inspection at  
Main Street, Orange, California.  
Meeting Access and Public Comments on Agenda Items  
Members of the public can either attend in-person or listen to audio live streaming of the Board  
In-Person Comment  
Members of the public may attend in-person and address the Board regarding any item. Please  
complete a speaker’s card and submit it to the Clerk of the Board or notify the Clerk of the Board  
the item number on which you wish to speak. Speakers will be recognized by the Chairman at the  
time the agenda item is to be considered. Comments shall be limited to three minutes.  
Written Comment  
Written public comments may also be submitted by emailing them to, 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 Jones  
Special Calendar  
Taxable Sales Forecast - University of California, Los Angeles  
Sam Kaur/Andrew Oftelie  
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 2023. 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.  
Consent Calendar (Items 2 through 8)  
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  
Approve the May 24, 2023 minutes of the Finance and Administration Committee meeting.  
Lost and Found Operations, Internal Audit Report No. 23-513  
Jonathan Thompson/Janet Sutter  
The Internal Audit Department of the Orange County Transportation Authority has  
completed an audit of lost and found operations. Based on the audit, controls are generally  
adequate and operating; however, one recommendation has been made to improve  
controls over handling and recording of cash and check deposits.  
Direct staff to implement one recommendation provided in Lost and Found Operations,  
Internal Audit Report No. 23-513.  
Kirk Avila  
91 Express  
In March 2022, Cofiroute USA, LLC deployed a new back-office system on the 91 Express  
Lanes. As part of the contractual requirements, an agreement with an escrow agent is  
required to hold the back-office system source code. To protect the investments the  
Orange County Transportation Authority and the Riverside County Transportation  
Commission have made to the back-office system, source code verification is being  
requested for the items held in escrow and for future major functionality releases deposited  
in escrow. A source code verification provides assurance that the material deposited in  
escrow is correct and complete by ensuring that the deposit can be rebuilt into a working  
application. Board of Directors’ approval is requested for NCC Group Escrow Associates,  
LLC, to provide source code verifications for the 91 Express Lanes back-office system.  
Authorize the Chief Executive Officer to negotiate and execute sole source Purchase  
Order No. C32478 between the Orange County Transportation Authority and NCC Group  
Escrow Associates, LLC, in the amount of $102,500, for verifications of the 91 Express  
Lanes back-office system source code for a three-year and seven-month term.  
91 Express Lanes Update for the Period Ending - March 31, 2023  
Kirk Avila  
The Orange County Transportation Authority has owned and managed the operations of  
the 91 Express Lanes since January 2003.  
Since that time, traffic volumes and toll  
revenues have fluctuated with the changes in the economy and the added capacity to the  
State Route 91 corridor. Over the last quarter, there were approximately 4.7 million trips  
taken on the 91 Express Lanes in Orange County. This report focuses on the operational  
and financial activities for the period ending March 31, 2023.  
Receive and file as an information item.  
Orange County Transportation Authority Investment and Debt Programs Report -  
April 2023  
Robert Davis/Andrew Oftelie  
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 April 30, 2023.  
Receive and file as an information item.  
Environmental Mitigation Program Endowment Fund Investment Report for March  
31, 2023  
Robert Davis/Andrew Oftelie  
The Orange County Transportation Authority has developed  
Natural Community  
Conservation Plan/Habitat Conservation Plan, acquired conservation properties, and  
funded habitat restoration projects to mitigate the impacts of Measure M2 freeway  
programs. The California Community Foundation manages the non-wasting endowment  
required to fund the long-term management of the conservation properties. Each quarter,  
the California Community Foundation publishes a comprehensive report detailing the  
composition of the pool and its performance.  
Receive and file as an information item.  
Cooperative Agreement with the City of Laguna Beach for Federal Transit  
Administration, State Transit Administration, SB 1 (Chapter 5, Statutes of 2017)  
State of Good Repair, and Cap and Trade Funds for Public Transit Services  
Sam Kaur/Andrew Oftelie  
The City of Laguna Beach and its municipally owned Laguna Beach Municipal Transit  
Lines are eligible to receive funding from the Federal Transit Administration Section 5307  
Urbanized Area Formula Program Funds, Federal Transit Administration Section 5339  
Bus and Bus Facilities Program funds, State Transit Assistance funds, State of Good  
Repair funds provided through SB 1 and Cap and Trade funds. Board of Directors’  
approval is requested to execute a new cooperative agreement to provide the City of  
Laguna Beach with additional Federal Transit Administration, State Transit Assistance,  
SB 1 State of Good Repair and Cap and Trade funds for the next five fiscal years  
beginning fiscal year 2023-24 through fiscal year 2027-28.  
Authorize the Orange County Transportation Authority Chief Executive Officer to negotiate  
and execute Cooperative Agreement No. C-3-2477 between the Orange County  
Transportation Authority and the City of Laguna Beach, for a maximum cumulative amount  
not to exceed $1,743,712 for Federal Transit Administration funding, $2,225,913 for State  
Transit Assistance funding, including SB 1 augmentation, $299,011 for State of Good  
Repair funds provided through SB 1, and $174,524 for Cap and Trade funds, totaling  
$4,443,160 for the next five fiscal years commencing fiscal year 2023-24 through fiscal  
year 2027-28, for providing public transit services and operating assistance.  
Regular Calendar  
There are no Regular Calendar items scheduled.  
Discussion Items  
Public Comments  
Chief Executive Officer's Report  
Committee Members' Reports  
Closed Session  
There are no Closed Session items scheduled.  
The next regularly scheduled meeting of this Committee will be held:  
10:30 a.m. on Wednesday, June 28, 2023  
OCTA Headquarters  
Board Room  
550 South Main Street  
Orange, California