TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager/Chief Executive Officer
SUBJECT: Active Contracts Spend Report
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider receiving the Semi-Annual Report on the Status of Active Contracts and Spending Amounts over $250,000 for the first half of Fiscal Year 2023-24.
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
This report provides a detailed accounting of contract spending for all active contracts throughout the District, over $250,000. Additionally, it provides an effective tool for staff and the Board to monitor contract activity.
BUDGETARY/FISCAL IMPACT:
There is no budgetary impact associated with this report. Any budget impact was previously addressed at the time of each contract award or purchase order issuance.
BACKGROUND/RATIONALE:
Board Policy 465 requires that the Board of Directors review the status of all contracts over $250,000 administered by the District. This point-in-time report contains accounting information of all active contracts during the first six months of Fiscal Year 2023-24 including the purpose, effective date, expiration date, contract value, and the amounts paid through December 31, 2023. This report does not include employee healthcare, insurance or property lease agreements.
ADVANTAGES/DISADVANTAGES:
This report allows Executives, Department Directors, and Project Managers to effectively monitor spending and to take steps to improve their contract administration activities where appropriate.
ALTERNATIVES ANALYSIS:
This report is provided for informational purposes and fulfills the reporting requirements established under Board Policy 465.
PRIOR RELEVANT BOARD ACTION/POLICIES:
Board Policy 465 - Procurement Policy
ATTACHMENTS:
1. Contract Spend Report First Half FY 2023-2...
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