Finance Committee - November 15, 2016

FINANCE COMMITTEE  packet  agenda

Meeting Notice

Date: Tuesday, November 15, 2016; 11:30 a.m.

Location: Chamber Room 250, City Hall

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

Clerk: Steve Stamos

 

1. Roll Call

Consent Calendar

2. Approve the Minutes of the October 11, 2016 Meeting – ACTION*  minutes

3. Internal Accounting and Investment Report for the Three Months Ending September 30, 2016 – 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. Recommend Acceptance of the Audit Report for the Fiscal Year Ended June 30, 2016 – ACTION*  memo

The Transportation Authority’s financial records are required to be audited annually by an independent, certified public accountant. The annual audit (Audit Report) for the year ended June 30, 2016 was conducted in accordance with generally accepted auditing standards by the independent, certified public accounting firm of Vavrinek, Trine, Day & Co., LLP (Vavrinek, Trine, Day & Co.). The Transportation Authority received all unmodified (also known as a clean opinion/unqualified opinion) audit opinions from Vavrinek, Trine, Day & Co., with no findings or recommendations for improvements. For the fiscal audit, Vavrinek, Trine, Day & Co. has issued an opinion, stating that the financial statements present fairly, in all material respects, the financial position of the Transportation Authority. Since more than $500,000 in federal grants was expended during the year, a single audit (compliance audit) was performed on the Interstate-80/Yerba Buena Island Interchange Improvement and Bridge Structures Project. For the single audit, Vavrinek, Trine, Day & Co. has issued an opinion, stating the Transportation Authority complied in all material respects with the compliance requirements that could have a direct and material effect on the federal funds audited. The full audit report is attached.

5. Bayshore Boulevard/Cesar Chavez Street/Potrero Avenue Intersection Improvement Study Update – INFORMATION*  presentation

At the Finance Committee meeting San Francisco Municipal Transportation Agency (SFMTA) staff will provide an update on the Bayshore Boulevard/Cesar Chavez Street/Potrero Avenue Intersection Improvement Study (Study) funded with District 10 Neighborhood Transportation Improvement Program (NTIP) capital funds from the Prop K transportation sales tax. In the Study area, Cesar Chavez Street, Bayshore Boulevard and Potrero Avenue change from city streets to a complex arrange¬ment of bridges and ramps linking with U.S. 101. The intersection (known as “the Hairball”) is built in three levels, with pedestrian and bicycle circulation generally restricted to the middle and ground levels, while motor vehicles use all three levels. Due to the many paths that intersect the inter¬change is challenging to navigate and there are points of conflict between vehicles, pedestrians and bicycles. In 2010, the San Francisco Planning Depart¬ment began an outreach process to develop a community-supported vision and de¬sign for a safe, comfortable and accessible Ce¬sar Chavez Street for all users. This process culminated in the Cesar Chavez East Community Design Plan, which was finalized in early 2012 and separates the Study area into a series of segments and includes safety improvement recommendations for each segment. In fall 2015, the SFMTA and San Francisco Public Works (SFPW) received $100,000 in NTIP funds to develop recommen¬dations for safety improvements at five of the prioritized segments. The attached report presents proj¬ect goals, existing conditions, key issues, and preliminary designs for these five key segments as well as a conceptual lighting plan for the entire Study area. Building on this report, the SFMTA has identified some funding in the agency’s Fiscal Year 2017-21 Capital Improvements Plan (CIP) and is working with SFPW to finalize conceptual design for three of the key segments; detailed design for these segments will begin early next year.

6. State and Federal Legislative Update – INFORMATION

Every month, we provide an update on state and federal legislation and, when appropriate, seek recommendations to adopt new positions on active legislation. We are not recommending any new positions this month. At the Committee meeting we will provide a brief update on the results of the November 8 election.

7. 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.

8. Public Comment

9. Adjournment


* Additional materials

-------------------------------------------------------------------------------------------------------------------------------------------------------------

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.

In order to assist the Transportation Authority’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 Transportation Authority accommodate these individuals.

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.

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 San Francisco Ethics Commission at 25 Van Ness Avenue, Suite 220, San Francisco, CA 94102; telephone (415) 252-3100; fax (415) 252-3112; website www.sfethics.org.