| Finance Committee - January 30, 2007 |
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AGENDA FINANCE COMMITTEEMeeting Notice 1. Roll Call 2. Approval of Minutes of the December 12, 2006 Meeting - ACTION* (attachment) 3. Recommend Approval of the 2007 State and Federal Legislative Programs - ACTION* (attachment) Every year in January/February the Authority adopts a Legislative Program to guide the agency's transportation advocacy efforts at the state and federal levels. This year's program continues many of the themes from the previous legislative sessions and emphasizes issues of local control, funding flexibility, pricing and streamlining of project delivery mechanisms. All of these are necessary, particularly at a time when California voters approved Proposition 1B, which allocates over $19 billion for transportation purposes but requires hefty local match contributions. Our focus is to advocate for San Francisco priorities, support legislation that secures or increases funding for Authority projects, and encourage the Legislature to consider legislation that expedites delivery of San Francisco projects. On the federal side, the proposed program is focused on ensuring that the San Francisco's transportation priorities are adequately addressed through both formula and discretionary funding programs, as well as in discussions about the next 6year surface transportation bill (the successor to SAFTEA-LU), and on maximizing the capture of federal funding through the annual appropriations process. Our Legislative Program also continues to look for ways to address long term funding issues for transit and paratransit services. We are seeking a recommendation to approve the 2007 State and Federal Legislative Programs. 4. Recommend Acceptance of the Audit Report for FY 2005/06 – ACTION* (attachment) Under the Authority's Fiscal Policy, Authority financial transactions and records are to be audited annually by an independent, certified public accountant. The audit for the fiscal year ending June 30, 2006 was completed by the independent certified public accounting firm of Macias, Gini & O'Connell LLP (MGO), in accordance with generally accepted auditing standards. For the fiscal year ending June 30, 2006, MGO has issued an unqualified (clean) opinion, stating that the financial statements presented fairly, in all material respects, the respective financial position of the governmental activities, each major fund and the aggregate remaining fund information of the Authority, and the respective changes in financial position. No federal single audit was required or performed as there were no federal grant expenditures during FY2005/06. There were no findings reported during the independent auditor review of the Authority's internal control over financial reporting and compliance. The audit report is attached. We are seeking a recommendation to accept the Audit Report for FY2005/06. 5. Introduction of New Items – INFORMATION 6. Public Comment 7. Adjournment Please Note: that the meeting proceedings can be viewed live at http://www.sfgov.org/sfgtv or that evening at 6:00 pm on Cable Channel 26 in San Francisco, with a repeat on the weekend (either Saturday or Sunday evening). To know the exact cablecast times for weekend viewing, please call SFGTV at (415) 557-4293 on Friday when the cablecast times have been determined. In order to assist the City's efforts to accommodate persons with severe allergies, environmental illnesses, multiple chemical sensitivity or related disabilities, attendees at all public meetings are reminded that other attendees may be sensitive to various chemical based products. Please help the City accommodate these individuals. To obtain a disability-related modification or accommodation, including auxiliary aids or services, to participate in the meeting, please contact Pooja Jhunjhunwala at 415.522.4800 at least two business days before the meeting. Lobbyist Registration and Reporting Requirements: Individuals and entities that influence or attempt to influence local legislative or administrative action may be required by the San Francisco Lobbyist Ordinance [SF Campaign & Governmental Conduct Code, Sec. 2.100] to register and report lobbying activity. For more information about the Lobbyist Ordinance, please contact the S.F. Ethics Commission at 30 Van Ness Ave., Suite 3900, San Francisco, CA 94102, telephone (415) 581-2300; or website www.sfgov.org/ethics. |
