Budget & Audit Committee

The Budget & Audit committee develops and oversees the MBTA Advisory Board’s internal, annual budget including costs for all office, staff and other related expenses. The committee also selects, engages, and receives financial audits/reviews of the body’s books and finances, to ensure full compliance with appropriate financial monitoring and oversight policies and procedures including signing authority policy.

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Charter

Meetings

Membership

Resources

Upcoming Committee Meetings

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June, 2026

11:00 AM – 12:00 PM

Committee Topics

Committee discussions regularly cover the following topics:

  • MBTA Advisory Board internal budget
  • MBTA Advisory Board internal audits & reviews

Recent Committee Meetings

March 23, 2026 – The committee approved the 2026 Draft Internal Budget Review and discussed procurement of an independent accounting entity. Agenda | Minutes

December 8, 2025 – The committee discussed yearly internal financial statements, FY2026 draft internal budget, and updates regarding bi-annual audit. Agenda | Minutes

December 2, 2024 – The committee discussed outstanding questions related to the audit, yearly internal financial statements, and updates to contracts and grants. Agenda | Minutes

Membership

Chair: Colette Aufranc, Wellesley

Vice-Chair: Lia Fabian, Lakeville

Municipality CEO Represented By
Brookline Bernard Greene Erin Chute
Lakeville Maureen Candito Lia Fabian
Medford Hon. Breanna Lungo-Koehn Themself
Newburyport Hon. Sean Reardon Themself
Taunton Hon. Shaunna O’Connell Themself
Wellesley Colette Aufranc Themself

Resources

MBTA Advisory Board Financial Policy
MBTA Advisory Board Reserve & Investment Policy