December 15, 2025 · Paf Committee
Staff will present the District’s financial performance (unaudited) for Fiscal Year 2025. (Eun Park-Lynch, Chief Financial Officer)
Staff will present the Pension Plan’s funded status as of June 30, 2024 (the most recent valuation date), participant data, required Unfunded Accrued Liability (UAL) contributions for the next 10 fiscal years, and analysis of discount rate sensitivity. (Eun Park-Lynch, Chief Financial Officer)
Staff will provide an update on the development of the FY2027-FY2031 Capital Improvement Program (CIP). (Ornella Robert, Manager of Project Delivery)
Staff will provide an update on the status of the Transit Fare Change Study in partnership with SANDAG and MTS. (Mary Dover, Chief of Staff and Tim Garrett, SANDAG)
Staff will will present the results of the Internal Audit Program for Calendar Year 2025. (Karen Tucholski, Senior Legal Counsel – Regulatory Compliance) • BOARD MEMBER REPORTS, COMMENTS AND CORRESPONDENCE • ADJOURNMENT • CERTIFICATIONS AND RULES (FOR BOARD AND PUBLIC INFORMATION) ➢ Posting of Board Agenda (Page 6) ➢ Rules for Public Speakers at meetings of the North County Transit District (Page 7) 3 Upcoming Meetings: • Executive Committee Meeting: Thursday, December 18, 2025 at 12:00 p.m. • Regular Board Meeting: Thursday, December 18, 2025 at 2:00 p.m. All Regular Board and Committee Meetings will be held at NCTD Administrative Offices, 810 Mission Ave., Oceanside CA, unless otherwise provided on public notice. 4 MAP OF NORTH COUNTY TRANSIT DISTRICT OFFICES The NCTD Board Chambers is located at NCTD Administrative Offices, 810 Mission Avenue, Oceanside, CA 92054 and is accessible by the COASTER (NCTD Commuter Rail), SPRINTER (NCTD Hybrid Rail), and the BREEZE (NCTD Bus). Please log onto www.goNCTD.com to check our current routes and schedules, or call 1-800-COMMUTE. 5 December 8, 2025 To: North County Transit – San Diego Railroad Board Members From: Suheil Rodriguez, Director of Administration Subject: POSTING OF PAF COMMITTEE AGENDA In Compliance with the Ralph M. Brown Act, as Amended, the following information is provided. The Agenda for this PAF Committee meeting of the Board was posted as follows: Committee Meeting: December 15, 2025 at 12:00 p.m. Posted At: 810 Mission Avenue, Oceanside, CA Posted Online At: www.goNCTD.com Date & Time of Posting: December 8, 2025 by 5:00 p.m. Posted By: Suheil Rodriguez, Director of Administration 6 Rules for Public Speakers at Meetings of the North County Transit District Per Board policy, all public communications at meetings of the North County Transit District shall be made and received in accordance with the following procedures: