Yep, we're ready when you are we'll go ahead then and get started with the Board of Public Works uh meeting, or excuse me, transit commission meeting for uh Thursday, June 18th, 2026.

We'll start with a roll call.

Uh Chad O'Donnell?

Kevin Riley.

Joel Piper.

Eileen Nicholas.

All right.

With that, we'll move to the Pledge of Allegiance.

Pledge allegiance to the flag of the United States of America and to the Republic for which it stands one underall.

Indivisible liberty and justice.

All right.

Anyone here for public comment?

Seeing none, we'll move to election of officers.

Kevin Riley makes a motion that Chad O'Donnell be chairperson for the next calendar year.

Micklitz seconds.

Alex, I believe we need to nominate a do we need to nominate a co-chair as well?

A vice chair?

Doing it all in one would be ideal.

And then Kevin Riley also nominates himself as vice chair.

And just for clarification, it wouldn't be the calendar year, it would be the I don't know, the all the manual year.

All the Matic year.

Yeah.

Okay.

I still second.

All right, a motion and a second, any discussion.

That will take a vote.

O'Donnell, I.

Kevin Riley, aye.

Piper I.

Miklitzai.

All right.

Motion passes.

We'll move to item 5A.

5A, we have the presentation from uh Baker Tilley on the 2025 transit financial audit.

Uh Jody Dobson, a principal at Baker Tilley, will be here is coming up to give that presentation.

So I'll turn it over to Jody.

Thank you very much for having me here tonight.

Um you have in front of you a two-page um kind of summary of the audit process and results, and then there's also the full financial statements.

So similar to prior years, our audit process starts in the fall with planning.

Um we work with management to understand what may have changed during the year in processes or systems or contracts, et cetera, and use that to design how we want to complete our audit process.

We use a number of different procedures to obtain audit evidence, whether that be confirmations, tracing things to supporting documentation, completing analytic procedures, testing controls, et cetera.

Um, but ultimately we're able to issue our audit opinion on the financial statements for the transit operations.

And they received what we call an unmodified or a clean opinion.

So that's the highest level of assurance that we can give, and that says that the financial statements are fair presentation in all material respects of the of the financial position and the results of operations for the year.

Um, because of the receipt of federal grant funding, the transit operations, their grants are typically part of that single audit that has to be completed, both for state and federal funding.

So there we test both controls and compliance with the grant agreements, and there were no issues identified this year for the transit operations.

So then if we go to the next page here, we've got just a couple financial highlights.

Um, but really stable operations, as well as the mix of information or of sources is very stable year over year.

Um then at the bottom we have the expenses, and here the expenses actually decreased a little bit in 2025.

Um as we looked there, there was a small decrease in the overall labor and benefits as well as materials and supplies and purchase transportation, um, the purchase transportation related to some changes in the Route 1 extension.

Um that was anticipated there.

But overall, the mix again, relatively consistent with labor and benefits being the largest portion of the expenses, and that's consistent with every transit operation I work with.

And that was by design.

Management has been working to draw down some of the ARPA or CARES funding that was available.

Um and in the process of doing that is able to take some of the local subsidy from the city and set that aside into the reserve account so that if there are future years where an unanticipated expense were to occur or something like fuel is above budget, that there is a reserve to pay for those types of items.

And so I did want to note in looking at the overall financial statements that the reserve fund at the end of 2025 was just over 1.6 million.

So I think overall the audit this year went very smoothly.

You know, we didn't have any difficulties.

Management gets us everything we need and has answers along the way.

And the overall results look very stable and positive.