March 11, 2010

 

REPORT OF THE FINANCE-AUDITING COMMITTEE

 

Honorable Board of Directors
Golden Gate Bridge, Highway
  and Transportation District

Honorable Members:

A meeting of the Finance-Auditing Committee was held in the Board Room, Administration Building, Toll Plaza, San Francisco, California, on Thursday, March 11, 2010, at 10:46 a.m., Chair Stroeh presiding.

Committee Members Present (6): Chair Stroeh; Directors Cochran, Eddie, Moylan and Sobel; President Boro (Ex Officio)

Committee Members Absent (3): Vice Chair Pahre; Director Elsbernd and Grosboll

Other Directors Present (3): Directors Kerns, McGlashan and Reilly

Staff Present: General Manager Celia G. Kupersmith; District Engineer Denis Mulligan; Auditor-Controller Joseph M. Wire; Secretary of the District Janet S. Tarantino; Attorney David J. Miller; Deputy General Manager/Bus Transit Division Teri W. Mantony; Deputy General Manager/Ferry Transit Division James P. Swindler; Deputy General Manager/Administration and Development Z.W Johnson; Executive Assistant to the General Manager Amorette Ko; Assistant Clerk of the Board Patsy Whala

Visitors Present: None

 

     
1.

Authorize Actions Relative to the Application and Award of FY 09/10 California Transit Security Grant Program Funds

In a memorandum to Committee, Capital and Grant Programs Manager Gayle Prior, Auditor-Controller Joseph Wire and General Manager Celia Kupersmith reported on staff’s recommendation to approve actions relative to the application and award of FY 09/10 California Transit Security Grant Program funds (Transit Security Grant Program).

The report stated that in November 2006, California voters approved Proposition 1B, the Highway Safety, Traffic Reduction, Air Quality and Port Security Bond Act of 2006, which provides $20 billion in State General Obligation Bonds for approximately 14 different categories of transportation projects. One bond category, the Transit System Safety, Security and Disaster Response Program, will be administered by the California Emergency Management Agency. The funds from this Program are available to State Transit Assistance eligible agencies, including the District.

The report also stated that, as part of the Transit Security Grant Program, project applicants are required to adopt a resolution appointing individuals or positions to act on behalf of the applicant and its governing body and to provide related certifications and assurances. The Transit Security Grant Program includes funds, in the amount of $802,488.00, to support the District’s Advanced Communications and Information Systems project and is included in the FY 09/10 Capital Budget. A copy of the report is available in the Office of the District Secretary and on the District’s web site.

Staff recommended and the Committee concurred by motion made and seconded by Directors EDDIE/MOYLAN to forward the following recommendation to the Board of Directors for its consideration:

RECOMMENDATION

The Finance-Auditing Committee recommends that the Board of Directors authorize the General Manager or her designee to execute for and on behalf of the District any actions necessary, including executing and submitting related certifications and assurances, grant applications and agreements relative to the FY 09/10 California Transit Assistance Grant Program administered by the California Emergency Management Agency.

Action by the Board at its meeting of March 12, 2010 – Resolution
NON-CONSENT CALENDAR

AYES (6): Chair Stroeh; Directors Cochran, Eddie, Moylan and Sobel; President Boro (Ex Officio)
NOES (0): None
ABSENT (3): Vice Chair Pahre; Director Elsbernd and Grosboll

     
2.

Authorize Actions Relative to the Application and Award of FY 09/10 Public Transportation Modernization, Improvement and Service Enhancement Account Funds

In a memorandum to Committee, Capital and Grant Programs Manager Gayle Prior, Auditor-Controller Joseph Wire and General Manager Celia Kupersmith reported on staff’s recommendation to approve actions relative to the application and award of FY 09/10 Public Transportation Modernization, Improvement and Service Enhancement Account (PTMISEA) funds.

The report stated that in November 2006, California voters approved Proposition 1B, the Highway Safety, Traffic Reduction, Air Quality and Port Security Bond Act of 2006, which will provide almost $20 billion in State General Obligation Bonds for approximately 14 different categories of transportation projects. One bond category, the PTMISEA funds, will be administered by California Department of Transportation. The project applicants are required to assign an Authorizing Agent to act on behalf of the applicant and its governing body to provide related certifications and assurances in order to secure PTMISEA funds.

The PTMISEA funds will support four District transit capital projects, as follows:

  a. $3,022,922.00 for the District for Larkspur Channel and Berth Dredging;
  b. $608,632.00, on behalf of Marin Transit, for the purchase of two 34-passenger Shuttle Buses to Muir Woods;
  c. $209,162.00, on behalf of the City of San Rafael, for Canal Neighborhood Transit Improvements; and,
  d. $75,119.00, on behalf of Marin County, for the Marin Transit Hub.
     
 

A copy of the report is available in the Office of the District Secretary and on the District’s web site.

Staff recommended and the Committee concurred by motion made and seconded by Directors EDDIE/MOYLAN to forward the following recommendation to the Board of Directors for its consideration:

RECOMMENDATION

The Finance-Auditing Committee recommends that the Board of Directors authorize the General Manager or her designee to execute for and on behalf of the Golden Gate Bridge, Highway and Transportation District any actions necessary, including executing and submitting related certifications and assurances, grant applications and agreements relative to the FY 09/10 California Public Transportation Modernization, Improvement and Service Enhancement Account Program administered by the California Department of Transportation.

Action by the Board at its meeting of March 12, 2010 – Resolution
NON-CONSENT CALENDAR

AYES (6): Chair Stroeh; Directors Cochran, Eddie, Moylan and Sobel; President Boro (Ex Officio)
NOES (0): None
ABSENT (3): Vice Chair Pahre; Director Elsbernd and Grosboll

     
3.

Public Comment

There was no public comment.

     
4.

Adjournment

All business having been concluded, the meeting was adjourned at 10:47 a.m.

     

 

Respectfully submitted,

/s/ J. Dietrich Stroeh, Chair
Finance-Auditing Committee