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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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Brad Armstrong, Director Budget & Financial Strategy |
TITLE:
title
TBA2025-09-03 - Technical Budget Adjustment - 2025 Operating Budget
end
AGENDA ITEM TYPE:
Other Approval
RECOMMENDATION:
Approve TBA2025-09-03 to authorize the addition of 11.0 positions (FTEs) to Operations within the 2025 Operating Budget.
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:
2025 Operating Budget:
Add 11.0 FTE to Operations to support the start up of the MVX bus service slated to begin in April of 2026. Positions will support the maintenance of this service, with the FTE’s involved based at the UTA Depot District garage. This change will have a net neutral budget impact, with funding for the position coming from the existing COO Contingency.
ALTERNATIVES:
The Board may reject or request revisions to the requested Technical Budget Adjustment. If the operating changes are not made, support for the MVX service startup process will be impacted.
FISCAL IMPACT:
The proposed addition of the 11.0 FTE positions will be funded from the 2025 Operating budget.
The cost of $242,000 for this service will be offset by a reduction from the existing COO Operating contingency balance of $500,000. This action will reduce the COO Operating contingency balance to $258,000.
Funding for 2026 expenses for these positions is included in the proposed tentative 2026 Operating Budget.
There is no overall increase in budget authority. There is no impact on UTA’s Fund Balance within this TBA.
ATTACHMENTS:
TBA2025-09-03 - Technical Budget Adjustment - Exhibit A
TBA2025-09-03 - Technical Budget Adjustment - Exhibit A-2 Financial
TBA2025-09-03 - Technical Budget Adjustment - Exhibit A-2 FTE