This bill amends several sections of the Minnesota Statutes related to the Metropolitan Council's financial reporting requirements for transportation services. Key changes include the consolidation and modification of the budget and financial review processes. Specifically, the bill removes the requirement for the council to prepare a financial plan for transit programs every even-numbered year and instead mandates a more detailed annual financial review that includes actual revenues, expenditures, and comparisons to budgeted amounts for the previous four years. Additionally, it requires replacement service providers to report their projected operating expenditures and reserve fund balances to the council by December 15 each year.

The bill also updates the timeline for reporting on transit cleanliness and ridership experience, changing the submission date from October 1 to February 15 annually. It specifies that the report must include information on cleanliness standards, public feedback, and total expenditures for cleaning and repairs. Furthermore, the bill repeals a previous statute regarding transit operating reserves, streamlining the reporting process. Overall, these changes aim to enhance transparency and accountability in the financial management of transportation services provided by the Metropolitan Council.

Statutes affected:
Introduction: 473.452, 473.13, 473.386, 473.412