AGENDA
FINANCE
& BUDGET COMMITTEE
Thursday,
June 19, 2003 - 9:30 A.M.
Call
to order:
Directors:
Paul
Hudson, Chair
Frank
Roberts, Vice Chair
John
Fasana
Don
Knabe
Allison
Yoh
Doug
Failing, Ex Officio
18.
RECEIVE report of the Chief Financial Officer.
19.
RECEIVE AND FILE FY03 Third Quarter Financial
Performance Report.
20.
AUTHORIZE the Chief Executive Officer to appoint Citigroup Global
Markets, Inc. (previously Salomon Smith Barney) as the senior managing
underwriter, with co-managers Goldman Sachs & Co., E. J. De La Rosa &
Co. and Backstrom McCarley Berry & Co. to
price and deliver the General Revenue Refunding Bonds, Series 2003-A in a negotiated bond sale.
21.
ADOPT a resolution authorizing the Chief Executive Officer and other
Authorized Officers under the resolution to annually transfer amounts from
the Surplus Account of the Bonds to a defeasance account held by the bond
trustee to retire a portion of the outstanding bonds.
22.
APPROVE
the following transit fund allocations totaling
approximately $1 billion to Los Angeles County Transit Operators and Cities for
Fiscal Year 2004:
A.
Transportation Development ACT (TDA), TDA interest, State Transportation
Assistance (STA), STA interest and Proposition A Discretionary fund allocations;
B.
Proposition C 40% allocation for the Bus Service Improvement Program,
Foothill Mitigation Program, the Transit Service Expansion Program and the Base
Restructuring Program;
C.
Proposition A and Proposition C Interest allocations;
D.
Proposition C 40% Municipal Operator Service Improvement Program
allocation;
E.
TDA
Article 8 Fund allocation;
F. Proposition A & C Local Return and TDA Article 3 allocations.
Lapsed TDA Article 3 funds (in the amount of $29,215) have been
reallocated to cities receiving less than $5,000.
This redistribution methodology has been approved by the Street &
Freeway Subcommittee and the Technical Advisory Committee;
G.
Proposition A Incentive Program allocation;
H.
Proposition C 5% Security Fund allocation; and
I. Federal Transit Act Section 5307 Capital Funding allocation.
(ALSO ON
PLANNING & PROGRAMMING COMMITTEE)
Consideration
of items not on the posted agenda, including: items to be presented and (if
requested) referred to staff; items to be placed on the agenda for action at a
future meeting of the Committee or Board; and/or items requiring immediate
action because of an emergency situation or where the need to take immediate
action came to the attention of the Committee subsequent to the posting of the
agenda.
COMMENTS
FROM THE PUBLIC ON ITEMS OF PUBLIC INTEREST WITHIN COMMITTEE’S SUBJECT MATTER
JURISDICTION
ADJOURNMENT