Click Here to Register on Zoom

Agenda

• Roll Call
• MFAC Meeting Minutes Approval – September 22, 2025
• September 2025 Financial Report (FY 2026)
• Old Business
  • Quarterly Staff Update – October 2025 – Kim Wolcott
  • Budget Projection Update – October 2025
  • Monthly Balance Sheet – November 2025
  • Free Fare Day – Election Day
  • Quarterly Grant Projects Follow Up – Keisha Branch
  • Sustainability Study Status
  • Audit Status
  • TSP Letters
  • Project Reconciliation Report – WSP (pending)
  • Pending Action Items – September 22, 2025
    • Revenue Expense Reconciliation of Capital Projects
    • Outsourced vs Insourced cost percentage pertaining to bus repairs
    • Add percentage column to YTD sheet of the locality reconciliation
    • What is the cause of the inc. in costs with a decrease in service hours
    • Other agencies support costs
    • Split for Ferry between Portsmouth and Norfolk
    • Fixed costs for modal cost (look at drivers)
• New Business
  • Federal Shutdown Impact
  • Finance Department
  • Legislative Agenda
• Adjourn