William Amarosa

The committee meeting focused on reviewing and approving procurement guidelines, including both general contract and service contract procurement policies. Additionally, the committee reviewed the whistleblower protection policy, codes of ethics for both board members and the agency, and various MTA policies in connection with the provisions of the Public Authorities Law.

The committee reviewed the MTA's financial performance, including farebox, toll, and other revenue results compared to financial plan projections. Discussions included the MTA's revolving line of credit program reconfiguration, an upcoming issuance of Payroll Mobility Tax Bond Anticipation Notes, and various procurement reports. Real estate action items were addressed, specifically related to the acquisition of property interests for the Nostrand Avenue ADA Project and a lease agreement for street-level retail space in Brooklyn. The committee also covered the MTA annual investment report, cybersecurity certification for the First Mutual Transportation Assurance Company, and general updates on station maintenance billing and pension reports.

The committee meeting addressed several critical infrastructure projects and agency initiatives. Discussions centered on the progress of Second Avenue Subway Phase 2, including contract statuses and workforce development efforts. Updates were provided on the proposed 125th Street Subway Extension feasibility study and the Interborough Express project, focusing on planning, design, and funding strategies. The committee reviewed safety performance reports, analyzed capital program commitments and completions, and recommended procurement actions for design-build services, community outreach, and software upgrades.

The committee discussed the status of the committee work plan and received an overview of the Intelligent Transportation Systems division. Key highlights included remarks from the President regarding National Work Zone Safety Awareness Week, ongoing work zone safety initiatives, and the agency's participation at the New York International Auto Show. A competitive procurement for construction management and inspection services for the Bronx-Whitestone and Throgs Neck bridges was reviewed. Additionally, certificates of recognition were presented to staff for lifesaving actions, and performance metrics were reported covering traffic, safety, enforcement, financial results, and major project updates.

The Audit Committee reviewed the 2026 Audit Work Plan, including the status of ongoing audits and risk assessments. Management provided a review of the MTA consolidated financial statements and an update on the 2025 audited financial statements. The committee also discussed the MTA investment compliance report and an information technology report regarding technology delivery transformation. Executive session items focused on contingent liabilities and third-party lawsuits.