Selica Y. Grant

The meeting addressed various topics, including a public comment period on agenda items, consent items such as the approval of previous meeting minutes and financial reports, and action items. Action items included authorizing agreements for the use of the fiber optic system, development of an AI system for vehicle intrusion detection, electronic and hydraulic training, and a cloud-based data fusion engine system. Further discussion involved construction projects, engineering term agreements, a procurement report, and the Executive Director's report. The agenda also included a public comment period for general matters, proposed 2026 board meeting dates, and budget approvals.

The audit committee meeting included discussions and reviews of several key areas. BST's audit plan for the fiscal year ending December 31, 2025, and the Bureau of Fiscal Audit's 2026 Audit Plan were reviewed and accepted. The meeting also covered the 2026 Internal Audit Plan/Projects, focusing on risk-based analysis, operating controls, and the likelihood of material failure impacting operations and finances. Key audit areas included revenues and reimbursements, financial reporting and regulatory compliance, billings and contract compliance, asset control, and salary and benefits.

The meeting included the review and approval of monthly financial reports from April to July 2025, the 3rd Quarter 2025 Investment Report, and the Revised 2025 Financial Plan along with the Proposed 2026 Budget and the 2026-2030 Capital Plan. Additionally, the agenda covered other business items and concluded with adjournment.

The meeting addressed various action items, including contracts for scaffolding training, amendments to regulations regarding advertising device permits, and agreements for job order contracting system services. Also discussed were lease agreements for office space, contracts for webcasting services, pavement data collection, auctioneering services, and bridge design support. The board also reviewed and authorized agreements for geotechnical, hydrology, hydraulic support services, and construction inspection support. Additionally, the board discussed reports on procurement and the Executive Director's activities.

The meeting included a review and approval of the 2nd Quarter 2025 Investment Report, authorization to amend the General Revenue Bond Resolution, and authorizing the selection of underwriting firms and authorizing the Executive Director to enter into contracts with the selected firms for underwriting services. The committee also discussed investment transactions for the second quarter of 2025, including time deposits and purchase of securities, and addressed the amendment and restatement of the General Revenue Bond Resolution to cure ambiguities, supply omissions, correct defects, modernize the resolution, and provide more flexibility in debt transactions.