The committee discussed participating in the Regional Transit Origin-Destination Survey to gather data on rider behavior for future service planning. They evaluated proposals for banking services, ultimately recommending JPMorgan Chase Bank as the provider based on its technical capabilities, pricing, and support. Additionally, updates were provided regarding service amendments for Routes 800, DRX, and the Transit Assistance Pass, as well as a preliminary financial update covering FY26 year-end results and current cash and investment balances.
Oct 14, 2026
Enterprise
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The committee discussed and acted upon several key agenda items. This included a recommendation to authorize an interlocal funding agreement for a regional transit origin-destination survey. Additionally, the committee evaluated and recommended the selection of JPMorgan Chase Bank, N.A. as the banking services provider for the organization and designated them as an official depository. The meeting also featured updates regarding transit service amendments for Route 800, the DRX route, and the Transit Assistance Pass program, alongside a financial status update.
Sep 9, 2026·Board meeting
Audit & Finance Committee Meeting Minutes
The committee reviewed and recommended budget ordinance amendments for FY27, involving adjustments to revenue and expenses across general and proprietary capital funds, including HVAC repairs and IT infrastructure projects. Members recommended approval of the FY2027 Q1 Durham Transit work program and budget amendments to implement service adjustments for specific bus routes. The committee also recommended ratifying not-to-exceed amounts for previously executed architectural and engineering master services agreements to ensure regulatory compliance. Additionally, an informational update regarding the progress and strategic importance of regional transit service enhancements was provided.
