TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager/Chief Executive Officer
SUBJECT: Revised FY 2022-23 Mid-Year Budgeted Positions
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider adoption of Resolution No. 23-011 amending and approving the addition of two positions funded by the Metropolitan Transportation Committee (MTC) to the FY 2022-23 Annual Operating Budget.
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - High-Performing Workforce
Initiative - Employee Recruitment, Training and Retention
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
Amending the Annual Operating budget benefits staff and Board Members in understanding revisions needed for the remainder of the fiscal year to better align the District budget with projected revenues and expenses.
BUDGETARY/FISCAL IMPACT:
Approving the proposed budget changes will increase the Operating Revenue and Expense budgets by approximately $141,000 each, resulting in a balanced operating budget. There are no changes to the FY 2022-23 Capital Budget.
The changes reflect the revenue sources and expenses for two new Principal Planner positions made possible by funds identified by the Metropolitan Transportation Commission (MTC) to implement regional coordination activities.
BACKGROUND/RATIONALE:
The District will receive grant funds allocated by MTC to pay for two time-limited Principal Planner positions that have been identified as critical for the execution of key items in the Bay Area Transit Transformation Action Plan (TAP), a plan developed by the Bay Area's Blue Ribbon Transit Recovery Task Force.
Adopted by MTC in July 2021, the TAP identifies specific tasks to be completed by the end of 2024. The two Principal Planners will be hired by the District but be dedicated to represent the Bay Area's transit operators to work on actions identified i...
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