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 reporting timeline for cleanliness standards and expenditures related to transit services, changing the submission date from October 1 to February 15 annually. It emphasizes the importance of public feedback in assessing cleanliness standards and includes new reporting requirements on the council's strategies for addressing cleanliness and repair challenges. Furthermore, the bill repeals a previous statute concerning transit operating reserves, streamlining the reporting process for the council and enhancing transparency in financial management.

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