Budget Team

LBT’s fiscal year operating and capital budgets play a major role in all that we do here at LBT. Each year, a team of dedicated staff works with each department to establish spending budgets that help drive LBT’s day-to-day operations. While many department’s assist with the creation and finalization of the budget, we wanted to highlight some of the key team members involved in the process.

Meet The Team!

Lisa Patton

Lisa Patton

Executive Director/VP of Finance and Budget

Tracy Beidleman

Tracy Beidleman

Manager, Government Relations, Capital Planning, and Grant Programs

Ashley Liang

Ashley Liang

Treasurer

Samantha Ihlenfeldt

Samantha Ihlenfeldt

Budget Analyst

Rhea Morallos

Rhea Morallos

Comptroller

Jeff Fortune

Jeff Fortune

Capital and Grants Planner

Jennifer Saatjian

Jennifer Saatjian

Manager, Finance

James Tai

James Tai

Administrative Assistant, Finance and Budget

Terry Coon

Terry Coon

Manager, Accounting

Special thanks to:

Ivette Dubois, Board Secretary
Dave Hernandez, Executive Assistant to the Deputy CEO

The operating budget development process.

The fiscal year operating budget, which begins on July 1 and ends on June 30, is a combination of known and projected expenses, as well as forecasted revenue. The annual budget enables the agency to meet its strategic priorities through staff’s commitment to exercise stewardship, make informed decisions and be fiscally responsible.

The operating budget development process, initiated by LBT’s Finance and Budget department, commences with a budget orientation session in March, involving the Executive Leadership Team and managers. Prior to the budget orientation session, various meetings are held to develop budget objectives and assumptions that relate to service delivery levels, cost drivers, as well as expenditure limitations for the next fiscal year.

Interdepartmental meetings are held during the month of April to ensure that departments develop a comprehensive budget plan that adheres to the overall budget objectives. The Executive Directors/Vice Presidents then present budget proposals that are reviewed by the CEO and the Executive Director/VP, Finance and Budget.

Prior to the budget orientation session, various meetings are held to develop budget objectives and assumptions that relate to service delivery levels, cost drivers, as well as expenditure limitations for the next fiscal year. Interdepartmental meetings are held during the month of April to ensure that departments develop a comprehensive budget plan that adheres to the overall budget objectives.The Executive Directors/Vice Presidents then present budget proposals that are reviewed by the CEO and the Executive Director/VP, Finance and Budget.

After the budget has been reviewed and completed by staff, a draft is presented to the Board of Directors’ Executive Committee for review and feedback. 

During the May Board of Directors meeting, the CEO presents the budget to the full Board for approval and adoption consideration.

The Board-approved budget is effective July 1, and LBT’s CEO directs and manages the budget during the course of the fiscal year. Staff review the agency’s financial health on a monthly basis. 

LBT’S Capital Program

In addition to the annual Operating Budget, LBT develops a three-year Capital Program. The Capital Program is a long-term planning and budgeting process that identifies capital funding in order to maintain, improve and enhance LBT’s fleet, equipment and infrastructure.  The Capital Program supports the agency’s priorities to maintain its assets in a state of good repair. . 

Capital projects are defined as expenditures or projects with an estimated useful life of one year or more and a total cost of at least $10,000. “All capital projects are reviewed by the ELT and need to be consistent with one of the following Capital Strategic Focus elements:

  • Enhancing Safety and Security
  • Improving Customer Amenities
  • Rehabilitating and Maintaining Assets
  • Modifying and Expanding Facilities
  • Replacing and Expanding Fleet
  • Upgrading Technology

Some examples of LBT’s Capital Projects for FY 2022 include:

  • Zero-Emission Bus Replacement
  • Bus Stop Amenities – Long Beach Blvd. And Atlantic Avenue Corridor
  • Battery-Electric Bus Charging Infrastructure
  • IT Software and Hardware Upgrades
  • Facility Security Enhancements