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TJPA meeting roundup: clean audit, FY25‑26 operating projection approved, procurement protest policy updated
Summary
The Transbay Joint Powers Authority board received a clean (unmodified) audit for FY2023‑24, approved a $28.34M preliminary operating projection for FY25‑26 and updated procurement protest procedures; the consent calendar passed and the Citizens Advisory Committee provided a brief update.
The Transbay Joint Powers Authority board on Jan. 30 received an unmodified audit opinion for the fiscal year ended June 30, 2024, approved a preliminary FY25‑26 operating projection of $28,344,000 and adopted updates to Board Policy No. 2 (protest procedures).
Whitney Crockett, audit partner with Maize and Associates, told directors the external audit opinion for FY2023‑24 was unmodified (a clean opinion). She noted a typographical error in the published Management’s Discussion and Analysis that will be corrected and summarized headline changes: a decrease in the statement of net position largely driven by depreciation expense and reduced restricted assets related to Phase 1 closeout activities.
CFO Shima Mirzai presented the preliminary…
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