[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6671302,"mediaKeyId","2170058-85df30a5bc3f5ccf3a0a520620381c29","parentId",2170058,"title","External auditor gives TJPA unmodified opinion for FY2024 financial report","audioSeconds",123,"startMs",2529000,"endMs",2652000,"viewUrl","/Search/View?dp=1&key=2170058-85df30a5bc3f5ccf3a0a520620381c29&start=2529&end=2652","thumbnailUrl","https://assets.pipeline.soar.com/2170058-85df30a5bc3f5ccf3a0a520620381c29/thumbnail_2529000.jpg","articleUrl","/articles/6671302/San-Francisco-City/San-Francisco-County/California/External-auditor-gives-TJPA-unmodified-opinion-for-FY2024-financial-report","mediaUrl","https://secure.pipeline.soar.com/6671302-f8fdbd88e1fda3296c16f6a9ec4f5fc9/orig.mp4?Expires=1771150896&Signature=diNsv7NJ~3RBbID1JfNKGYXezL-g9fh4xGTh58J3f001W7aVlnBdvux6a2euaPulv-rvAvPPzCKf3yI84gns7fxC-RtkV6L4-HMglunb7We0WCVLTN5gMf9cj1W27kQ4qrapRXEwqwQEYjSqTl9~iresdjIj5UxeCCbdCLysNC67eWIyqBZIH~MBq69yOZ602ZOGqTXqKOjcxbPEz8dgpOj-IH~iVUzuyq4A-BGYJ4iRXx2OlllZ64ZE-ryvnhlmhqO3osEXyCbgPHm6-IBh-hsGNmQvEosmBedg4d~rWg5p0YlfG7RQIlCS8QCg6OLmDgZ7gn2bhunNMAl~kWX8aQ__&Key-Pair-Id=KUT5TJCACFTXG","author","City of San Francisco","date","2025-01-30T00:00:00Z","article","Mays & Associates, TJPA’s external auditors, presented the fiscal year 2024 audited financial statements to the board on Jan. 30 and issued an unmodified (clean) opinion, the highest level of assurance in an independent audit.

Whitney Crockett, the audit partner overseeing the engagement, told the board that the auditor had no material weaknesses or significant deficiencies to report and that required communications and the memorandum on internal controls contained no exceptions. The auditor noted a typographical error in the Management Discussion and Analysis (MD&A) table in the version published with the agenda; staff said they would post a corrected MD&A later that afternoon.

Key financial highlights presented

- Statement of net position: Staff reported the TJPA’s net position at June 30, 2024 and said the primary driver of the year‑over‑year decrease was depreciation as Phase 1 capital assets moved into service and began regular depreciation.

- Operating results: The audit presentation summarized operating revenues and expenses, noting changes from the prior year, including lower miscellaneous revenue and capital contribution variances explained in the MD&A.

Directors thanked staff for the audit work, and the presentation was informational; no board action was required.

Speakers: Whitney Crockett (audit partner, Mays & Associates) and TJPA staff were on the record during the presentation.","mediaType","Video","parentTitle","City of San Francisco - Video Open Video Only in Windows Media Player - Jan 30, 2025","oneSentenceSummary","Mays & Associates reported an unmodified (clean) audit opinion for the Transbay Joint Powers Authority’s fiscal year ended June 30, 2024; staff said a typographical error in the management discussion and analysis will be corrected and posted.","taxTitle","San Francisco City, San Francisco County, California","taxId",5751,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6671306,"Votes at a glance: TJPA board approves operating projection, policy updates and interagency MOU",4578,2432000,7010000,"/Search/View?dp=1&key=2170058-85df30a5bc3f5ccf3a0a520620381c29&start=2432&end=7010","https://assets.pipeline.soar.com/2170058-85df30a5bc3f5ccf3a0a520620381c29/thumbnail_2432000.jpg","/articles/6671306/San-Francisco-City/San-Francisco-County/California/Votes-at-a-glance-TJPA-board-approves-operating-projection-policy-updates-and-interagency-MOU","https://secure.pipeline.soar.com/6671306-ddf63b69cc0b6f95a3da61b2c9ea9c18/orig.mp4?Expires=1771150896&Signature=UpJpR9qS144NFkH2v0~dXVAD35MHZmQDNJll76krZKsk2bdavtb8BITCwKRHlnrK2QqddIwLN8AYpu2pi7PNQC6avGxbKaUsv1DvlsxV8E6Xu7PKL08HNIxGnspxmNilq7qGT9phmsC~ngqVp201BBL5aFpXey0dRPcxx5qika6vAc12YAXWd0fe6WsTWRBcdAekPPflZG1VA4kt2qLKVNc5OdUhc7R~6BGxaXPp8H-8JpVlZqFE5Y7GoaTnKP4~jwJ7LX1RUJYdJf2Kmu1WBC4wWuFCtW~2OeJumEtuQbw-2OJNqK2C-AwlCsB5ph~rod35rp5nUYZFmBxYwnWz5w__&Key-Pair-Id=KUT5TJCACFTXG","The Transbay Joint Powers Authority board voted on four action items during its Jan. 30 special meeting, approving several routine lease amendments, a preliminary operating projection, an update to its protest policy and authorization for the board chair to sign an interagency implementation memorandum of understanding for the Downtown Rail Extension.

Votes at a glance

- Consent calendar (Items 8.1–8.5): The board approved minutes of the Dec. 12, 2024 meeting and extensions of alternate rent periods for retail tenants including Phil’s Coffee, Transbay Fitness (dba Fitness SF) and Vanga & Bananas. Motion by Vice Chair Mandelmann; second by Director Galley. Roll‑call approvals recorded as \"aye\" for Directors Forbes, Galli, Roers, Ruiz, Walsh, Vice Chair Mandelmann and Chair Jeff Gee. Outcome: approved.

- Item 10: Preliminary operating projection (FY 2025–26): The board approved a preliminary operating projection of $28,344,000. The projection assumes continued reimbursement from regional funds and updated revenue and expense estimates; staff noted MTC review of supplemental RM2 funds and a pending use-and-lease agreement with SFMTA. Motion by Director Forbes; second by Director Roers. Roll call recorded votes of yes from Directors Forbes, Galli, Roers, Walsh and Chair Gee; Vice Chair Mandelmann was noted as absent for this vote. Outcome: approved.

- Item 11: Protest policy update (Board Policy No. 2): The board approved changes to Board Policy No. 2 to expand and clarify protest procedures for procurement actions, aligning TJPA practice with federal regulations and setting clearer timelines and submission rules. Motion by Director Roers; second by Director Galley. Outcome: approved.

- Item 13: Portal implementation memorandum of understanding (MOU): The board authorized the chair to execute the MOU among partner agencies to support implementation of the Downtown Rail Extension (portal). Motion by Vice Chair Mandelmann; second by Director Forbes. Outcome: approved.

Vote records and notes

- Consent calendar motion: mover Vice Chair Mandelmann; seconder Director Galley; recorded ayes from Directors Forbes, Galli, Roers, Ruiz, Walsh, Vice Chair Mandelmann and Chair Jeff Gee.

- Item 10 motion: mover Director Forbes; seconder Director Roers; recorded ayes from Directors Forbes, Galli, Roers, Walsh and Chair Jeff Gee. Vice Chair Mandelmann was absent for the roll call on this item.

- Item 11 motion: mover Director Roers; seconder Director Galley; recorded ayes from the quorum present. Outcome: approved.

- Item 13 motion: mover Vice Chair Mandelmann; seconder Director Forbes; recorded ayes from the quorum present. Outcome: approved.

What the actions mean

The operating projection approval starts the TJPA budget calendar for FY 2025–26: staff will continue a multi-month process of public hearings and revisions before a final budget vote in June. The protest policy update clarifies procurement procedures ahead of planned complex procurements (notably the civil and tunnel progressive design‑build package). The MOU formally commits partner agencies to steps that staff said are required for future federal funding requests.

Speakers and attribution

Actions and outcomes listed here were taken by the TJPA board during the meeting. Speakers who made or seconded motions are identified above using their board titles as used at the meeting.

Ending: Board members and staff said they will return with detailed procurement actions and budget documents as the agency continues its FY 2025–26 budget process and portal procurement timeline.","At its Jan. 30 special meeting the Transbay Joint Powers Authority board approved the consent calendar of lease extensions, a preliminary operating budget projection for FY 2025–26, an update to the protest policy and authorized the chair to execute an implementation MOU for the portal.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6671311,"TJPA lays out master schedule and funding plan for DTX, advances interagency MOU",2950,1350000,4300000,"/Search/View?dp=1&key=2170058-85df30a5bc3f5ccf3a0a520620381c29&start=1350&end=4300","https://assets.pipeline.soar.com/2170058-85df30a5bc3f5ccf3a0a520620381c29/thumbnail_1350000.jpg","/articles/6671311/San-Francisco-City/San-Francisco-County/California/TJPA-lays-out-master-schedule-and-funding-plan-for-DTX-advances-interagency-MOU","https://secure.pipeline.soar.com/6671311-56e37e69f3818e51a79a6219d1bc9ee3/orig.mp4?Expires=1771150896&Signature=eJ7Y8dNjd2IBABVyLiNQ-QB6-Q~rdo81e~mq9FdcHUc1~Y2bD-Ecky~PvOHhiOm2pVUrTztc9AELu-oXRCPIx84LrzDXROYKZAmenmWLa3PnsuNPaW0bhhc1NQP2UTMz0~IXOLHQqKh5NjNAVS5LYMbb4gT3uVrcgWbe7XwNaSL47pC9W4MiW0IfGn61NbgJXD7Ru2EEk3zpKRjFu1~paMgA2sTO86oqj3MeXFXxGIT25nzQdCFOwZ8G3-PKuBA41tEbF8XJ9vh5kGadEJ9Fvu2TGxEsjmExHF037QTi46PT0GcASG9ZHae4CiIUIIcYO1u9qrX7Eys8X-kiW~CqSA__&Key-Pair-Id=KUT5TJCACFTXG","The Transbay Joint Powers Authority on Jan. 30 presented a revised master schedule and funding plan for the Downtown Rail Extension (the portal), saying staff has funding to advance engineering and preconstruction work over the next several years while continuing advocacy to close a remaining construction funding gap.

The update, delivered by TJPA Executive Director Willie Vandewater, portal Project Director Alfonso Rodriguez and Chief Financial Officer Sheema Mirzai, set a target FFGA date of July 2027 and an initial revenue service target in 2035 under the program's unconstrained schedule. Board members then authorized the chair to execute an implementation memorandum of understanding (MOU) with partner agencies to formalize collaboration on the portal implementation.

Why it matters: The portal is the project to connect Caltrain and future standard-gauge/high-speed rail into the Salesforce Transit Center. Completing the engineering, critical third‑party agreements and preconstruction activities would position the project to request and negotiate an FFGA with the Federal Transit Administration (FTA). Staff said those steps are necessary to make the project competitive for federal and state matching funds.

Key points from staff presentations

- Funding posture: Staff presented a program-level funding picture that includes the Federal Transit Administration Capital Investment Grants (CIG/New Starts) commitment and a set of committed and budgeted local, regional and state funds. The presentation shows an FTA CIG commitment of about $3.38 billion and a remaining share of project funding to be secured from state cap-and-trade, regional measures and other discretionary sources. TJPA staff said roughly $250 million in additional funds will be needed by 2027 to stay on the FFGA schedule.

- Work priorities: The plan prioritizes advancing the largest construction package (40CT — civil and tunnel) to approximately 60% design through a progressive design-build procurement, so the selected contractor can provide preconstruction services and later negotiate a guaranteed maximum price. Staff said they have funds to complete preconstruction work advancing design to a level that reduces contingency and risk.

- Procurement approach: Rodriguez described a two‑phase award for the 40CT progressive design‑build contract: NTP1 for preconstruction services (design advancement to ~60%) and NTP2 for construction after negotiation of a guaranteed maximum price. Staff intend to release the civil and tunnel RFP in the coming months, subject to final board approvals and funding availability.

- Risk and alternative scenarios: Staff acknowledged risks that affect contingency — especially unknown subsurface utilities and right‑of‑way work — and described an alternative if major matching funds (for example, a cap‑and‑trade allocation or federal grants) do not arrive on schedule: advance additional design and durable deliverables while deferring some construction activities (notably parts of utility relocation and station fit‑out) until funds are secured.

- Interagency MOU: The board authorized the chair to execute the portal implementation MOU, a multiagency agreement that the Federal Transit Administration treats as a critical third‑party document for FTA funding. According to presenters from the San Francisco County Transportation Authority, the MOU formalizes the governance and annual work-plan process among partner agencies and aligns responsibilities for advancing the project.

Discussion highlights

Vice Chair Mandelmann and other board members pressed staff on the funding gap before an FFGA and asked what would happen if regional or state sources did not materialize. CFO Mirzai said the near-term plan uses existing funds to advance design and ready the project for construction so that any future discretionary dollars can be applied to work with an immediate, usable payoff. Rodriguez said utility relocation construction was one activity that could be deferred to preserve funds for design advancement, but that deferral pushes those risks and costs later in the schedule.

Board Chair Jeff Gee and Director Vandewater urged continued advocacy with the Bay Area’s federal and state delegations and with the Metropolitan Transportation Commission as regional funding discussions proceed.

What comes next

Staff said they expect to release the civil and tunnel RFP in the coming months and continue pursuing federal discretionary grants (including CRISI and CIG/New Starts), state cap-and-trade funds and regional measure allocations (RM2/RM3). The MOU execution will be used to demonstrate interagency commitment in future funding requests.

Speakers quoted or referenced in this article include Alfonso Rodriguez (portal project director), Willie Vandewater (executive director, TJPA), Sheema Mirzai (chief financial officer, TJPA), Jesse Kaylor (Rail Program Manager, San Francisco County Transportation Authority) and Chair Jeff Gee.

Ending: Board members praised the interagency agreement as a strengthening step for advocacy while noting the funding gap ahead. TJPA staff said they will return with procurement actions for the civil and tunnel package and with supplemental updates on funding progress in future meetings.","The Transbay Joint Powers Authority presented a revised master schedule and funding plan for the Downtown Rail Extension (DTX/\"portal\"), including a path to a Full Funding Grant Agreement (FFGA) targeted for July 2027 and an interagency implementation memorandum of understanding signed by partner agencies.","actionData","errors"]

Article not found

External auditor gives TJPA unmodified opinion for FY2024 financial report

Votes at a glance: TJPA board approves operating projection, policy updates and interagency MOU

TJPA lays out master schedule and funding plan for DTX, advances interagency MOU