Interpretation of Events at the Orange Committee Transportation Authority Finance Committee Meeting
Business
In the meeting that was held on October 8th, there was an approval of the minutes of the events discussed in the Finance and Administrative Committee meeting held on September 24, 2014. Participators of the meeting reviewed the Administrative Employee Training and Employee Education Reimbursement policies in place. Prior to the meeting, the Internal Audit department had drawn a conclusion on the existing framework of the policies and procedures are largely adequate. A set of three recommendations was, however offered to better the policy on employee training.
After the completion of the review of the Internal Audit Department of the Orange County Transportation Authority on the administration of the public record requests, recommendations were suggested on improving the cash receipt controls and record maintenance. The meeting also saw at length discussion on policy updates and procedures in conformity to the actual practices.
There was also at length discussion on the Fiscal Year 2013-14 Fourth Quarter Budget Status Report. The budget was implemented in the first quarter of the year. At the meeting, there was a report summarization of the material variation among the actual revenues and expenses through the fourth quarter of fiscal year 2013-14. The members at the meeting were disparate in their opinions about this, and this made for a long discussion.
The Quarterly Grant Reimbursement Status Report draws a summary of the activities in the grant for the purpose of information. The report laid focus on the periodic development of activities between the months of April and June 2014. The report also summarizes the executed grants and the closed grant agreements. The meeting discussed at length on all these grants.
There was also a recommendation to authorize the Chief Executive Officer to mind through the execution of Purchase Order No. A29796 amounting to $700.000. The recommendation was to forward the sum to Marsh Risk and Insurances Services, Inc. to make a purchase of excess liability insurance. This purchase was one of the prime points of discussion in the meeting.
The Orange County Transportation Authority currently enjoys agreements with several companies to mete out medical, vision, dental, accidental health plans for employees. In the meeting, recommendations to further these plans were discussed in detail.
In the recommendations, it was called upon to authorize the CEO to execute Amendment No. 10 between the OCTA and Kaiser Foundation Health Plan, Inc. In the meeting, the point was discussed on the perspective of the cost per employee.
Pleas to authorize the CEO to execute and negotiate Agreement No C-4-1824 between the OCTA and the Anthem Blue Cross was discussed against a per employee perspective. The meeting saw a detailed discussion on the existing issues in the agreement.
In sum, the meeting held on October 8th between the OCTA Finance and Administration Committee members was a productive with in-depth discussions on several key recommendations. A set of recommendations was passed within the meeting itself by some of the participants. Fund allotment remained one of the pressing issues of discussion in the meeting.
