Agenda

• Roll Call
• MFAC Meeting Minutes Approval – November 10, 2025
• October 2025 (FY2026) Financial Report
• Old Business
  • Budget Projection Update – January 2026
  • Monthly Balance Sheet – March 2026
  • Sustainability Study Status
  • Audit Status – FY2025
  • TSP Letters – Due from Localities November 14, 2025
  • Project Reconciliation Report – WSP (January 2026)
  • Chapter 6 Resolution at Commission
  • Pending Action Items – November 10, 2025
    • Revenue Expense Reconciliation of Capital Projects
    • Split for Ferry between Portsmouth and Norfolk – Attachment
    • Other Agency Support Costs – Attachment – November 13, 2025, Work Session
    • Comparison of 2024 and 2025 Election Day Free Fare Marketing campaigns – Alexis Majied
• New Business
  • FY2027 Draft Operating Budget – A. Glass/A. Johnson
  • Review of Planned RTS O&M Costs – Angela Glass
• FY2026 Fund Structure Overview
  • Transfers – Fare Policy Review – Sheri Dixon
• Upcoming Meetings
  • Monday, January 5, 2026 – FY2027 System Wide TSP Review – Virtual Meeting
  • Tuesday, January 20, 2026 – Regular MFAC – Hampton
• Adjourn