January 22, 2024 (POSTPONED)
Meeting 10:00 AM – 11:00 AM
Via Zoom: https://us02web.zoom.us/j/82864423745?pwd=d05aNm04Z052Z0hYK1ljaFRKZUhPUT09
Meeting ID: 828 6442 3745 Passcode: 273483 In accordance with M.G.L. c. 30A, §§ 18-20 and 940 C.M.R. 29.03, as amended by § 4 of Chapter 107 of the Acts of 2022 and § 40 of Chapter 2 of the Acts of 2023, notice is hereby given of an open meeting of the MBTA Advisory Board or one of its committees to be held remotely on the above-captioned date.
Call to order, Colette Aufranc (Wellesley) – Chair
Public Comment
Introductions and committee organization including possible action to elect a Vice Chair
Audits Update:
Receive the audited financial statements for the two years ended 12/31/2021 and 12/31/2022
Discuss Auditors required communications, including Management Letter if any
Potential scope items for the audit of the year ended 12/31/2023, including:
earnings
employee retirement contributions
old balance write offs
vacation time accrual approach
revenue
Discuss and approve fees with respect to audited financial statements for the year ended 12/31/23 and beyond.
Financial Update:
Budget v Actual
Finalize and approve budget for the year ended 12/31/24
Discussion and action to approve a Personnel Policy, and to recommend its approval by the full MBTA Advisory Board.
Old Business
Update on accounting decisions since last meeting
Deferred revenue write-off
Vacation time accrual accounting
summary of any unbudgeted expenses (if any)
New Business: Upcoming Meetings
May 13, 2024 (prepare for reports to Annual Advisory Board meeting if necessary)
September 9, 2024 (Update on audit status, financial update, initial budget discussions)
December 2, 2024 (Budget discussions)
Adjourn – Chair
Note: This agenda has been prepared in advance and does not necessarily include all matters which may be taken up at this meeting. This meeting is accessible to people with disabilities. For accommodation or language assistance requests, please email info@mbtaadvisoryboard.gov. Requests should be made as soon as possible. A version of this notice was posted on December 21, 2023 at or before 4:00 PM. A copy of this notice has been transmitted by electronic mail to the Secretary of the Commonwealth, Regulations Division (regs@sec.state.ma.us).