Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting.
March 2014 Version - Tier 1 updates
Chairwoman Bartlett and Director Do, along with Vice Chairman Tim Shaw and OCTA CEO Darrell Johnson, met directly with representatives of Fitch in New York earlier this year to discuss the successes of the 91 Express Lanes.
Recommendation Direct staff to implement three recommendations provided in Review of Oversight Controls and Contract Compliance Related to the Anaheim Canyon Station Improvements Project, Internal Audit Report No. 23-515.
This bargaining session was after OCTA and the union met on approximately 40 previous occasions. The tentative agreement is still subject to ratification by members of the coach operators’ union, Teamsters Local 952. That ratification vote is expected later this week. The agreement must also get final approval from the OCTA Board of Directors.
Available public transportation and paratransit services are insufficient to meet the needs of the target population or equipment needs replacement to ensure continued service (i.e., service at capacity; service parameters, routes, hours and/or needs are not met due to eligibility and/or trip criteria; projected future need; lack of or need of ...
Additional language was added that local agencies must certify that the Measure M2 (M2) signage requirements have been met when submitting an initial payment. An additional precept was added to clarify that the ten percent cap on construction change orders applies to the original scope as submitted in the application.
Overview The Internal Audit Department of the Orange County Transportation Authority has completed an audit of Facilities Maintenance operations. Based on the audit, Facilities Maintenance complies with maintenance requirements of the Facilities Maintenance Plan, with few exceptions; however, the Internal Audit Department recommended the Facilities Maintenance Plan be reviewed and updated ...
Renewed Measure M M2 is a 30-year, multibillion-dollar program extension of the original Measure M (approved in 1990) with a new slate of planned projects and programs. These include improvements to the County freeway system, streets and roads network, expansion of the Metrolink system, more transit services for seniors and the disabled as well as funding for the cleanup of roadway storm water ...
As part of the SAR reporting process, OCTA will verify local agency operations and maintenance expenditures to ensure local match commitments are being met. Local agencies must complete Form 10-17 (see sample in chapter 10) for each ECP grant as part of their SAR updates.