The committee reviewed the 2026 work plan, 2025 management letter reports, and the 2025 single audit. Key discussion topics included the management review of pension plan audits, review of various MTA pension plans, the MTA Inspector General's office review, and the quarterly financial statements for the first quarter of 2026. Additionally, the committee received updates on enterprise risk management, ethics and compliance programs, financial interest reports, open audit recommendations, and the status of the 2026 audit plan.
Jun 24, 2026
Enterprise
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The meeting included reports on MTA service restoration following labor negotiations, electrical fire incident response at Penn Station, and updates on federal funding and accessibility milestones. The board reviewed operational performance for the Long Island Rail Road, Metro-North Railroad, and New York City Transit, as well as capital program updates regarding station construction and procurement activities. Financial discussions covered the 2026 Annual Report for the First Mutual Transportation Assurance Company, 2025 consolidated financial statements, and the authorization of various procurement contracts including actuarial consulting services and fleet maintenance management. Additionally, the Board reviewed and approved several agency policies, including procurement guidelines, code of ethics, and the whistleblower policy.
Jun 22, 2026·Board meeting
Joint Metro-North And Long Island Committees Meeting
The meeting featured administrative, financial, and operational reports for the Metro-North and Long Island Railroads, including work plans, key performance metrics, and safety reports. Discussion topics included updates on service restoration following labor disruptions, electrical fire incidents, federal funding, and accessibility project milestones. Procurement actions were approved for clean diesel bus purchases and capital project contracts. Additionally, the meeting addressed real estate matters, corporate governance guidelines, and a comprehensive review of the 2025 consolidated financial statements, including investment compliance and audit committee recommendations.
Jun 22, 2026·Board meeting
Capital Program Committee Meeting Minutes
The committee meeting covered a wide array of operational and capital project updates. Key discussions included the status of rolling stock, including performance issues with battery-electric buses leading to delivery suspensions and an increased reliance on clean diesel and hybrid fleets. The board reviewed and approved various procurement actions, including contracts for train bridge replacements, station improvements, and professional services. Financial reports were presented, confirming favorable operating results, and the committee reviewed corporate governance policies, including ethics and procurement guidelines. Additionally, the audit committee addressed the 2025 consolidated financial statements, risk disclosures under GASB standards, and internal compliance monitoring.
