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Title
Fiscal Year 2020-21 Budget Amendment
Overview
The Los Angeles - San Diego - San Luis Obispo Rail Corridor Agency’s fiscal year 2020-21 budget and the Business Plan for Fiscal Year 2020-21 and Fiscal Year 2021-22 were approved by the Board of Directors on May 18, 2020. The California State Transportation Agency approved the administrative and marketing components of the fiscal year 2020-21 budget on July 9, 2020, and the operations component on September 23, 2020. The fiscal year 2020-21 budget was amended on November 16, 2020, to include the Amtrak Federal Fiscal Year 2020-21 operating forecast and funding levels approved by the California State Transportation Agency, as well as revisions to the administrative, marketing and grant budgets. Staff is seeking Board of Director’s approval to amend the fiscal year 2020-21 budget for increases in revenues and expenses related to grant programs.
Recommendation(s)
Amend the Los Angeles - San Diego - San Luis Obispo Rail Corridor Agency’s Fiscal Year 2020-21 revenue and expense grant programs by $25 million.