Metropolitan Transportation  
Commission  
Bay Area Metro Center  
375 Beale Street  
San Francisco, CA 94105  
Meeting Agenda  
MTC Audit Committee  
Wednesday, October 25, 2023  
9:05 AM  
Board Room - 1st Floor  
The Audit Committee is scheduled to meet at 9:05 a.m. or immediately following the 9:00 a.m.  
Special Commission meeting.  
Meeting attendees may opt to attend in person for public comment and observation at 375  
Beale Street, Board Room (1st Floor). In-person attendees must adhere to posted public  
health protocols while in the building. The meeting webcast will be available at  
https://mtc.ca.gov/whats-happening/meetings/live-webcasts. Members of the public are  
encouraged to participate remotely via Zoom at the following link or phone number.  
Members of the public participating by Zoom wishing to speak should use the “raise hand”  
feature or dial *9. When called upon, unmute yourself or dial *6. In order to get the full Zoom  
experience, please make sure your application is up to date.  
Attendee Link: https://bayareametro.zoom.us/j/82866777404  
iPhone One-Tap:  
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Join by Telephone (for higher quality, dial a number based on your current location) US:  
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Webinar ID: 828 6677 7404  
International numbers available: https://bayareametro.zoom.us/u/kcDYxL38JS  
Detailed instructions on participating via Zoom are available at:  
https://bayareametro.zoom.us/u/kdR1hznEgA  
https://mtc.ca.gov/how-provide-public-comment-board-meeting-zoom  
Members of the public may participate by phone or Zoom or may submit comments by email at  
info@bayareametro.gov by 5:00 p.m. the day before the scheduled meeting date. Please  
include the committee or board meeting name and agenda item number in the subject line.  
Due to the current circumstances, there may be limited opportunity to address comments  
during the meeting. All comments received will be submitted into the record.  
Roster  
Alfredo Pedroza (Chair, Metropolitan Transportation Commission),  
Carol Dutra-Vernaci (Chair, Bay Area Infrastructure Financing Authority Network and  
Operations Committee), Gina Papan (Chair, Administration Committee),  
David Rabbitt (Chair, Programming and Allocations Committee),  
Federal D. Glover (Chair, BATA Oversight Committee)  
1. Call to Order / Roll Call / Confirm Quorum  
Quorum: A quorum of this committee shall be a majority of its regular non-ex-officio  
voting members (3).  
2. Auditor Reports  
23-1219  
2a.  
FY 2022-23 Audit Results and Required Communications  
A report by Crowe LLP on the FY 2022-23 financial and compliance  
audit results for the Metropolitan Transportation Commission and  
related component units.  
Action:  
Committee Acceptance  
Kathy Lai, Crowe LLP  
Presenter:  
Attachments:  
2a_23-1219_MTC Crowe 2023 Audit Results.pdf  
3. FY 2022-23 Financial Reports and Year End Audit Results  
23-1220  
3a.  
FY 2022-23 Financial Reports and Year End Audit Results  
A request that the Audit Committee accept the audited financial reports  
for FY 2023 and approve the retention of Crowe LLP as the MTC  
external audit firm for FY 2024.  
Action:  
Committee Acceptance and Approval  
Grace Martinez, MTC  
Presenter:  
Attachments:  
3a_23-1220_MTC_FY22-23_Year_End_Audit_Presentation (Management).pdf  
3a_23-1220_Summary_Sheet_FY 2022-23 Financial Reports and Year End Aud  
3a_23-1220_FY22-23_MTC_Comprehensive_Financial_Report.pdf  
3a_23-1220_FY22-23_MTC_Financial_Statements.pdf  
3a_23-1220_FY22-23_BAIFA_Financial_Statements.pdf  
3a_23-1220_FY22-23_BAHA_Financial_Statements.pdf  
3a_23-1220_FY22-23_BAHFA_Financial_Statements.pdf  
4. Public Comment / Other Business  
5. The next meeting of the MTC Audit Committee will be held on a date and time  
to be duly noticed  
Public Comment: The public is encouraged to comment on agenda items at Committee  
meetings by completing a request-to-speak card (available from staff) and passing it to the  
Committee secretary.  
Public comment may be limited by any of the procedures set forth in  
Section 3.09 of MTC's Procedures Manual (Resolution No. 1058, Revised) if, in the chair's  
judgment, it is necessary to maintain the orderly flow of business.  
Meeting Conduct: If this meeting is willfully interrupted or disrupted by one or more persons  
rendering orderly conduct of the meeting unfeasible, the Chair may order the removal of  
individuals who are willfully disrupting the meeting. Such individuals may be arrested. If order  
cannot be restored by such removal, the members of the Committee may direct that the meeting  
room be cleared (except for representatives of the press or other news media not participating in  
the disturbance), and the session may continue.  
Record of Meeting: Committee meetings are recorded. Copies of recordings are available at a  
nominal charge, or recordings may be listened to at MTC offices by appointment. Audiocasts are  
maintained on MTC's Web site (mtc.ca.gov) for public review for at least one year.  
Accessibility and Title VI: MTC provides services/accommodations upon request to persons  
with disabilities and individuals who are limited-English proficient who wish to address  
Commission matters. For accommodations or translations assistance, please call 415.778.6757 or  
415.778.6769 for TDD/TTY. We require three working days' notice to accommodate your request.  
Acceso y el Titulo VI: La MTC puede proveer asistencia/facilitar la comunicación a las  
personas discapacitadas y los individuos con conocimiento limitado del inglés quienes quieran  
dirigirse a la Comisión. Para solicitar asistencia, por favor llame al número 415.778.6757 o al  
415.778.6769 para TDD/TTY. Requerimos que solicite asistencia con tres días hábiles de  
anticipación para poderle proveer asistencia.  
Attachments are sent to Committee members, key staff and others as appropriate. Copies will be  
available at the meeting.  
All items on the agenda are subject to action and/or change by the Committee. Actions  
recommended by staff are subject to change by the Committee.  
MTC's Chair and Vice-Chair are ex-officio voting members of all standing Committees.