Finance Committee - February 9, 2016

FINANCE COMMITTEE  packet  agenda

Meeting Notice

Date: Tuesday, February 9, 2016; 11:30 a.m.

Location: Committee Room 263, City Hall

Commissioners: Mar (Chair), Breed (Vice Chair), Campos, Kim, Yee and Wiener (Ex Officio)

Clerk: Steve Stamos

 

1. Roll Call

Consent Calendar

2. Approve the Minutes of the January 12, 2016 Meeting – ACTION*  minutes

3. Internal Accounting and Investment Report for the Six Months Ended December 31, 2015 – INFORMATION*  memo

The Transportation Authority’s Fiscal Policy directs staff to give a quarterly report of expenditures including a comparison to the approved budget. The Transportation Authority’s Investment Policy directs that a review of portfolio compliance be presented along with the quarterly report.

End of Consent Calendar

4. State and Federal Legislative Update – ACTION*  attachment

Every month, we provide an update on state and federal legislation and, when appropriate, seek recommendations to adopt new positions on active legislation. The attached matrix tracks the latest activity on state bills and the positions previously adopted by the Transportation Authority. We are recommending the following new positions this month: support positions on Assembly Bill (AB) 1591 (Frazier), AB 1574 (Chiu), Assembly First Extraordinary Session (ABX1) 18 (Linder), Senate Bill 812 (Hill) and SB 824 (Beall); and an oppose position on AB 1550 (Gomez). One of the main discussions in Sacramento is how to raise revenue for transportation. Following the legislative matrix, there is an attached table which compares the three main proposals on the table.

5. Road Charge Pilot Program Update – INFORMATION*  memo

In 2014 the California Legislature called for a Road Charge Pilot Program to study a system where drivers could pay for road maintenance and repairs based on the number of miles they drive, rather than how much gas they consume. The free pilot program will inform the Legislature’s decision on whether moving forward with a full-scale permanent road charge program, potentially replacing the gas tax, is worthwhile. The California Road Charge Technical Advisory Committee (TAC) was created by the California Transportation Commission in January 2015, and released its final recommendations for the pilot study on January 15, 2016. The pilot program is scheduled to begin sometime in the summer of 2016. We will present an overview of the TAC’s recommendations and upcoming next steps, and provide information on how to sign up as a participant to the pilot program.

6. Introduction of New Items – INFORMATION

During this segment of the meeting, Committee members may make comments on items not specifically listed above, or introduce or request items for future consideration.

7. Public Comment

8. Adjournment


* Additional materials

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Please note that the meeting proceedings can be viewed live or on demand after the meeting at www.sfgovtv.org. To know the exact cablecast times for weekend viewing, please call SFGovTV at (415) 554-4188 on Friday when the cablecast times have been determined.

The Legislative Chamber (Room 250) and the Committee Room (Room 263) in City Hall are wheelchair accessible. Meetings are real-time captioned and are cablecast open-captioned on SFGovTV, the Government Channel 26. Assistive listening devices for the Legislative Chamber and the Committee Room are available upon request at the Clerk of the Board's Office, Room 244. To request sign language interpreters, readers, large print agendas or other accommodations, please contact the Clerk of the Authority at (415) 522-4800. Requests made at least 48 hours in advance of the meeting will help to ensure availability.

The nearest accessible BART station is Civic Center (Market/Grove/Hyde Streets). Accessible MUNI Metro lines are the F, J, K, L, M, N, T (exit at Civic Center or Van Ness Stations). MUNI bus lines also serving the area are the 5, 6, 7, 9, 19, 21, 47, and 49. For more information about MUNI accessible services, call (415) 701-4485.

There is accessible parking in the vicinity of City Hall at Civic Center Plaza and adjacent to Davies Hall and the War Memorial Complex. Accessible curbside parking is available on Dr. Carlton B. Goodlett Place and Grove Street.

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If any materials related to an item on this agenda have been distributed to the Finance Committee after distribution of the meeting packet, those materials are available for public inspection at the Transportation Authority at 1455 Market Street, Floor 22, San Francisco, CA 94103, during normal office hours.

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