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LA Metro Finance, Budget and Audit Committee · May 21, 2026

Thursday16 min1 official identified8 public speakers13 agenda itemsVideo: Granicus

The longest item after routine business: Fiscal year 2026-27 transit fund allocations, 5 min of this 16 min meeting.

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7 meetings, all transcribed, Oct 24, 2025 to Oct 2, 2026.This meeting: May 21, 2026
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Agenda · 13 itemsShowHide
  1. 0:28Roll Call: 5 members present, 2 members absent, 0 members excused.2 min
  2. 2:49APPROVE Consent Calendar Items: 20 and 21. Consent Calendar items are approved by one motion unless held by a Director for discussion and/or separate action.under 1 min
  3. 3:38Motion to Approve APPROVE Consent Calendar Items: 20 and 21. Consent Calendar items are approved by one motion unless held by a Director for discussion and/or separate action. Moved by 0, no second required.under 1 min
  4. 3:40Vote to Approve APPROVE Consent Calendar Items: 20 and 21. Consent Calendar items are approved by one motion unless held by a Director for discussion and/or separate action. (Approved)under 1 min
  5. 3:42Item title withheldit could name a private person · under 1 min
  6. 4:07Public Speaker was called to speakPublic Speaker was called to speakLindsey Horvath was called to speakPublic Speaker was called to speakLindsey Horvath was called to speak3 min
  7. 7:54FISCAL YEAR 2026-27 TRANSIT FUND ALLOCATIONS CONSIDER: A. APPROVING $2.9 billion in Fiscal Year 2026-27 (FY27) Transit Fund Allocations for Los Angeles County jurisdictions, transit operators, and Metro Operations as shown in Attachment A. These allocations comply with federal, state, and local regulations and Metro Board approved policies and guidelines. Federal and state fund allocations are subject to actual fund apportionments; B. APPROVING fund exchanges in the estimated amount of $4,748,679 of Metro's Transportation Development Act (TDA) Article 4 allocation with Municipal Operators' shares of the Low Carbon Transit Operations Program (LCTOP). Funding will be adjusted based on LCTOP actual allocations, and the FY27 Budget will be amended as necessary to reflect the adjustments; C. APPROVING fund exchanges in the estimated amount of $1,046,112 of Metro's Proposition (Prop) C 40% allocation with Antelope Valley, Santa Clarita, Burbank, and Glendale's shares of the LCTOP. Funding will be adjusted based on LCTOP actual allocations, and the FY27 Budget will be amended as necessary to reflect the adjustments; D. APPROVING fund exchange of Federal Section 5307 discretionary fund awarded to the Southern California Regional Transit Training Consortium (SCRTTC) through Long Beach Transit in the amount of $400,000 with Metro's TDA Article 4 allocation subject to final federal apportionments. If federal funds are not available for this fund exchange, $400,000 in FY28 TDA Article 4 funds will be allocated to Metro off the top as reimbursement; E. APPROVING fund exchanges in the amount totaling $16.7 million of Metro's Federal Section 5307 share with Municipal Operators' shares of Federal Sections 5337 and 5339 subject to final federal apportionments; F. AUTHORIZING the Chief Executive Officer to adjust FY27 Federal Section 5307 (Urbanized Formula), Section 5339 (Bus and Bus Facilities), and Section 5337 (State of Good Repair) allocat5 min
  8. 13:02FISCAL YEAR 2026-27 TRANSIT FUND ALLOCATIONS CONSIDER: A. APPROVING $2.9 billion in Fiscal Year 2026-27 (FY27) Transit Fund Allocations for Los Angeles County jurisdictions, transit operators, and Metro Operations as shown in Attachment A. These allocations comply with federal, state, and local regulations and Metro Board approved policies and guidelines. Federal and state fund allocations are subject to actual fund apportionments; B. APPROVING fund exchanges in the estimated amount of $4,748,679 of Metro's Transportation Development Act (TDA) Article 4 allocation with Municipal Operators' shares of the Low Carbon Transit Operations Program (LCTOP). Funding will be adjusted based on LCTOP actual allocations, and the FY27 Budget will be amended as necessary to reflect the adjustments; C. APPROVING fund exchanges in the estimated amount of $1,046,112 of Metro's Proposition (Prop) C 40% allocation with Antelope Valley, Santa Clarita, Burbank, and Glendale's shares of the LCTOP. Funding will be adjusted based on LCTOP actual allocations, and the FY27 Budget will be amended as necessary to reflect the adjustments; D. APPROVING fund exchange of Federal Section 5307 discretionary fund awarded to the Southern California Regional Transit Training Consortium (SCRTTC) through Long Beach Transit in the amount of $400,000 with Metro's TDA Article 4 allocation subject to final federal apportionments. If federal funds are not available for this fund exchange, $400,000 in FY28 TDA Article 4 funds will be allocated to Metro off the top as reimbursement; E. APPROVING fund exchanges in the amount totaling $16.7 million of Metro's Federal Section 5307 share with Municipal Operators' shares of Federal Sections 5337 and 5339 subject to final federal apportionments; F. AUTHORIZING the Chief Executive Officer to adjust FY27 Federal Section 5307 (Urbanized Formula), Section 5339 (Bus and Bus Facilities), and Section 5337 (State of Gounder 1 min
  9. 13:05FISCAL YEAR 2026-27 TRANSIT FUND ALLOCATIONS CONSIDER: A. APPROVING $2.9 billion in Fiscal Year 2026-27 (FY27) Transit Fund Allocations for Los Angeles County jurisdictions, transit operators, and Metro Operations as shown in Attachment A. These allocations comply with federal, state, and local regulations and Metro Board approved policies and guidelines. Federal and state fund allocations are subject to actual fund apportionments; B. APPROVING fund exchanges in the estimated amount of $4,748,679 of Metro's Transportation Development Act (TDA) Article 4 allocation with Municipal Operators' shares of the Low Carbon Transit Operations Program (LCTOP). Funding will be adjusted based on LCTOP actual allocations, and the FY27 Budget will be amended as necessary to reflect the adjustments; C. APPROVING fund exchanges in the estimated amount of $1,046,112 of Metro's Proposition (Prop) C 40% allocation with Antelope Valley, Santa Clarita, Burbank, and Glendale's shares of the LCTOP. Funding will be adjusted based on LCTOP actual allocations, and the FY27 Budget will be amended as necessary to reflect the adjustments; D. APPROVING fund exchange of Federal Section 5307 discretionary fund awarded to the Southern California Regional Transit Training Consortium (SCRTTC) through Long Beach Transit in the amount of $400,000 with Metro's TDA Article 4 allocation subject to final federal apportionments. If federal funds are not available for this fund exchange, $400,000 in FY28 TDA Article 4 funds will be allocated to Metro off the top as reimbursement; E. APPROVING fund exchanges in the amount totaling $16.7 million of Metro's Federal Section 5307 share with Municipal Operators' shares of Federal Sections 5337 and 5339 subject to final federal apportionments; F. AUTHORIZING the Chief Executive Officer to adjust FY27 Federal Section 5307 (Urbanized Formula), Section 5339 (Bus and Bus Facilities), and Section 5337 (State of Goodunder 1 min
  10. 13:07FISCAL YEAR 2027 AUDIT PLAN ADOPT the Fiscal Year 2027 (FY27) Proposed Annual Audit Plan (Attachment A).2 min
  11. 15:11FISCAL YEAR 2027 AUDIT PLAN ADOPT the Fiscal Year 2027 (FY27) Proposed Annual Audit Plan (Attachment A). Moved by 0, no second required.under 1 min
  12. 15:13FISCAL YEAR 2027 AUDIT PLAN ADOPT the Fiscal Year 2027 (FY27) Proposed Annual Audit Plan (Attachment A). (Approved)under 1 min
  13. 15:15GENERAL PUBLIC COMMENT RECEIVE General Public Commentunder 1 min

What happened

Each sentence checked against the transcript.

  1. The committee took up the consent calendar, including items 20 and 21, and no public comments were made on those items.2:51
  2. After a roll call vote on the consent calendar, the motion was announced as carried.3:29
  3. The committee took up item 22, the fiscal year 2027 proposed budget, with no staff presentation, and public commenters spoke on it.3:29
  4. The committee took up item 23, fiscal year 2026-27 transit fund allocations, and public commenters spoke on it.7:42

Who spoke

1 official identified · talk time, most first.

Public comment: 8 speakers.

How we count

Each summary sentence is checked against the transcript before it is published; in a blind check, 98 of 100 sentences were right. A voice gets an official’s name only when two AI readers and a code check agree, so the minutes undercount and are not attendance. Officials only: members of the public are counted, never named, shown or quoted, and full transcripts aren’t published because they can carry their names. More on how we know

Cite this page

Hamlet, “LA Metro Finance, Budget and Audit Committee, May 21, 2026: Los Angeles.” https://cities.myhamlet.com/la/metro-finance-budget-audit/meetings/2026-05-21. Data as of Oct 9, 2026 (version d14b03c); meeting of May 21, 2026.