MFAC August 2025 – Hampton Roads Transit

Management / Financial Advisory Committee

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Agenda

  1. Roll Call
  2. Approval of the MFAC Meeting Minutes – June 23, 2025
  3. Approval of the MFAC Meeting Minutes – July 21, 2025
  4. July 2025 FY2025 Financial Report
  5. Old Business
    1. Quarterly Grant Projects Update – September 2025
    2. Revenue/Expense Reconciliation of Capital Projects 2025
    3. Budget Projection Update – October 2025
    4. FY2024 Audit Update
    5. Monthly Balance Sheet – October 2025
    6. Pending Action Items
      1. Strategic vs Traditional Cost Allocation
  6. New Business
    1. SOP Update
  7. Adjourn
Meeting Date

August 25, 2025 1:30pm



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