Santa Clara Valley Transportation Authority (VTA) Board of Directors

FINANCE, AUDIT & ADMINISTRATION COMMITTEE Thursday, March 19, 2026 12:00 PM The Santa Clara Valley Transportation Authority (VTA) Finance, Audit and Administration Committee Regular meeting will be held at VTA Administrative Offices at Conference Room B-106, 3331 N. First Street, San José, California, 95134. The meeting will be streamed through Zoom: https://us02web.zoom.us/j/86522951266 The meeting can be accessed through: Call in (one-tap): +16692192599,,86522951266# or +16699009128,,86522951266# Call in (telephone): +1 669 219 2599 or +1 669 900 9128 Webinar ID: 865 2295 1266 AGENDA CALL TO ORDER 1.   ROLL CALL 2.   PUBLIC COMMENT This portion of the agenda is reserved for persons desiring to address the Committee on any matter not on the agenda but are within the subject matter jurisdiction of the Finance, Audit and Administration (FAA) Committee. Speakers are   limited to 2 minutes.   The amount of time allocated to speakers may vary at the Chairperson’s discretion depending on the number of speakers and length of the agenda. The law does not permit Committee action or extended discussion on any item not on the agenda except under special circumstances. All statements that require a response will be referred to staff for reply in writing 3.   ORDERS OF THE DAY CONSENT AGENDA 4.   ACTION ITEM- Approve the Regular Meeting Minutes of February 19, 2026. 5.   ACTION   ITEM   - Recommend   that   the   VTA   Board   of   Directors   Adopt   a   resolution authorizing eligible multijurisdictional bodies of the Santa Clara Valley Transportation Authority   to   use   alternative   teleconferencing   for   their   meetings,   as   permitted   under Government Code Sections 54953.8 and 54953.8.7. updated 3/18/26

Santa Clara Valley Transportation Authority Finance, Audit & Administration Committee   March 19, 2026 Page 2 6.   ACTION ITEM -Recommend that the VTA Board of Directors adopt a resolution authorizing the eligible subsidiary bodies of the Santa Clara Valley Transportation Authority   to   utilize   alternative   teleconferencing   procedures   for   their   meetings,   as permitted under Government Code Sections 54953.8 and 54953.8.6. 7.   INFORMATION ITEM -Receive an assessment on the use of consultants by VTA. REGULAR AGENDA 8.   ACTION ITEM -Recommend that the VTA Board of Directors review and accept the FY2026 Second Quarter Statement of Revenues & Expenses. 9.   ACTION   ITEM   -Recommend   that   the   VTA   Board   of   Directors   approve   the augmentation   and   modification   to   the   Fiscal   Year   2026   Adopted   Budget   by $63.34 million to incorporate the following: •   Augment the Transit Operating budget by $50.21 million. •   Amend the Capital Program budget by $13.13 million, including $7.30 million from VTA Transit Funds, $4.83 million funded from Federal Grant Funds and $1.0 million from State Grant (STA-SGR) Funds. 10.   ACTION ITEM -Recommend that the VTA Board of Directors review and approve the Government Affairs Report as well as legislative positions included in the Legislative Matrix for April, 2026. 11.   INFORMATION ITEM -Review and accept the Monthly Investment Report for January 2026. 12.   INFORMATION ITEM -Review the Monthly Procurements and Contracts Report for January 2026: Open Procurements Report OTHER ITEMS 13.   Items of Concern and Referral to Administration. 14.   Review Committee Work Plan. (Starostina) 15.   Committee Staff Report. (Starostina) 16.   Chairperson's Report. (Turner) 17.   Determine Consent Agenda for the April 2, 2026, Board of Directors Meeting 18.   ANNOUNCEMENTS 19.   ADJOURN

Santa Clara Valley Transportation Authority Finance, Audit & Administration Committee   March 19, 2026 Page 3 In accordance with the Americans with Disabilities Act (ADA) and Title VI of the Civil Rights Act of 1964, VTA will make reasonable arrangements to ensure meaningful access to its meetings for persons who have disabilities and for persons with limited English proficiency who 

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What happened Santa Clara Valley Transportation Authority (2026-03-19 12:00 PM): FINANCE, AUDIT & ADMINISTRATION COMMITTEE Thursday, March 19, 2026 12:00 PM The Santa Clara Valley Transportation Authority (VTA) Finance, Audit and Administration Committee Regular meeting will be held at VTA Administrative Offices at Conference Room B-106, 3331 N. First Street, San José, California, 95134 Key decisions ACTION ITEM- Approve the Regular Meeting Minutes of February 19, 2026. ACTION ITEM - Recommend that the VTA Board of Directors Adopt a resolution authorizing eligible multijurisdictional bodies of the Santa Clara Valley Transportation Authority to use alternative teleconferencing for their meetings, as permitted under Government Code Sections 54953.8 and 54953.8.7 What matters to the public PUBLIC COMMENT This portion of the agenda is reserved for persons desiring to address the Committee on any matter not on the agenda but are within the subject matter jurisdiction of the Finance, Audit and Administration (FAA) Committee. ACTION ITEM -Recommend that the VTA Board of Directors approve the augmentation and modification to the Fiscal Year 2026 Adopted Budget by $63.34 million to incorporate the following:... Topics covered - Housing and land use - Budget and finance - Transportation and infrastructure - Public safety - Environment and utilities Notable people / organizations - ADMINISTRATION COMMITTEE Thursday - PM The Santa Clara Valley Transportation - Administration Committee Regular - VTA Administrative Offices Next steps Auditor General’s (AG) Assessment Report of VTA’s Ridership Experience Kyle O’Rourke, Deputy Auditor General, provided a presentation titled “Auditor General’s Assessment Report on VTA’s Ridership Experience,” Members of the Committee discussed the following: 1) addressing the unhoused and safety; 2) implementation timelines; 3) regular updates will be provided to the Committee and additional security and safety item...