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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Viola Miller, Chief Financial Officer |
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PRESENTER(S): |
Viola Miller, Chief Financial Officer |
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TITLE:
title
TBA2026-03-01 - Technical Budget Adjustment - 2026 Operating Budget
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AGENDA ITEM TYPE:
Other Approval
RECOMMENDATION:
Approve TBA2026-03-01 to authorize the transfer of funds within the 2026 Operating Budget to adjust fringe benefit amounts. Also, to authorize the addition of four full time equivalent (FTE) employee positions to the 2026 Operating Budget which were funded in the 2026 budget but not shown in the original budget submission due to technical budgeting issues.
BACKGROUND:
Board Policy 2.3 Budget allows the Board of Trustees to amend or supplement the Authority’s budget at any time after its adoption. The Board may do this through a Technical Budget Adjustment (TBA) when the request does not increase budget authority, or through a Budget Amendment, after consultation with the Local Advisory Council, when an increase in the annual appropriation authority is requested.
Board Policy 2.3 Budget (section C.2) also requires that administrative adjustments which seek to reallocate funds across Mode, Executive and Chief Offices, or between capital projects be brought to the Board for a Technical Budget Adjustment consideration.
DISCUSSION:
This Technical Budget Adjustment will make the following changes:
2026 Operating Budget:
Move $387,000 of budget to the Salt Lake Service unit to fully fund fringe benefits. These benefit amounts were inadvertently omitted from the original 2026 budget submission due to technical issues. This change will have a net neutral budget impact, with funding coming from the existing Chief Operating Officer budget.
In addition, four FTE Operations positions will be added that were not shown in the original 2026 budget submission FTE summary due to technical issues. This change will have a net neutral budget impact, as funding for the positions was included in the original 2026 budget submission.
ALTERNATIVES:
The Board may reject or request revisions to the requested Technical Budget Adjustment. If the changes are not made, reporting on fringe benefit costs and positions may be impacted.
FISCAL IMPACT:
The proposed $387,000 expense for the fringe benefit adjustment will be funded from the 2026 Operating budget.
The cost of $387,000 for this adjustment will be offset by a reduction in Contract Services budget in the Chief Operating Officer department.
The addition of four FTE positions will have no fiscal impact, as the cost of the positions was included in the approved 2026 operating budget.
There is no overall increase in budget authority. There is no impact on UTA’s Fund Balance or operating contingency within this TBA.
ATTACHMENTS:
TBA2026-03-01 - Technical Budget Adjustment - Exhibit A
TBA2026-03-01 - Technical Budget Adjustment - Exhibit A-2 Financial
TBA2026-03-01 - Technical Budget Adjustment - Exhibit A-2 FTE