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TO: |
Audit Committee |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Alisha Garrett, Chief Enterprise Strategy Officer |
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PRESENTER(S): |
Christie Giles, Enterprise Risk Management Administrator |
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TITLE:
title
2025 Agency Risk Assessment Report
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
We recommend that the Internal Audit Committee review this report.
BACKGROUND:
The Agency Risk Assessment is performed every two years. The assessment captures perceived risks from UTA leaders with at least one direct report without an accompanying validation process. It helps UTA identify areas to explore for deeper understanding and possible remediation to support the achievement of strategic objectives.
DISCUSSION:
• UTA risk levels are perceived as being 17% higher overall than in 2023. They are rated overall as “Moderate.” This exceeds UTA’s desired Low-moderate Risk Appetite.
• UTA risk controls are perceived as slightly less effective than in 2023. They are rated overall as “Partially or Moderately Effective.”
• Level 1, 2 and 3 Risk categories were identified and are being used to inform UTA leadership priorities. During 2026-27, under the direction of the Executive Director, the Executive Team will implement a coordinated approach to reduce the top risks impacting employee workload: 1) Position Workload Not Balanced; 2) Inefficient/Ineffective Organizational Design; and 3) Inadequate Staff and/or Resource Allocation.
ALTERNATIVES:
Not reviewing this report would result in reduced Board visibility into the risks impacting the achievement of Agency strategic objectives.
FISCAL IMPACT:
There is no fiscal impact related to this report.
ATTACHMENTS:
1) Agency Risk Assessment Report