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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
David Hancock, Chief Capital Services Officer |
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PRESENTER(S): |
Pam Thrasher, Manager- State of Good Repair |
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Daniel Hofer, Director- Capital Programming and Support |
TITLE:
title
2024 Transit Asset Management Plan and Group Sponsor Transit Asset Management Plan
end
AGENDA ITEM TYPE:
Other Approval
RECOMMENDATION:
Recommendation is for the Board of Trustees to approve UTA’s Transit Asset Management Plan and Group Sponsor Transit Asset Management Plan and authorize Executive Director to sign both as the Agency’s Accountable Executive.
BACKGROUND:
UTA Policy 06.01 Transit Asset Management & State of Good Repair requires Board of Trustees approval of UTA’s Transit Asset Management (TAM) Plan to occur every two years. The TAM Plan is required per federal regulation and outlines UTA’s approach to how it will manage its assets specifically as it relates to capital maintenance and replacement efforts. The regulation requires the plan to be updated and approved every four years with the next required update occurring in 2026.
In addition to UTA’s TAM Plan, UTA is required to administer a Group TAM Plan for a small number of service providers who are sub-recipients of federal funds who meet certain criteria. These agencies are required to have their own plan or follow a group plan administered by UTA. They have elected to follow UTA’s group plan for the qualifying sub-recipients.
UTA staff presented on both plans at the September 11, 2024, Board Meeting and have returned seeking Board approval of the two plans.
DISCUSSION:
UTA’s TAM Plan complies with 49 CFR Part 625 passed in 2016. This plan is required to be updated every 4 years. The federal regulation requires transit agencies receiving federal funding to develop a plan for the long-term management of their assets used in the provision of public transportation. UTA staff presented an overview of this plan at the Board’s September 11, 2024, meeting for feedback.
The TAM Plan is also tied to UTA’s Five Year Capital Plan. The funding levels that are provided in the Five-Year Capital Plan directly affect UTA’s ability to execute on the TAM Plan initiatives.
UTA staff have incorporated feedback received by the Board from the previous Board meeting.
ALTERNATIVES:
The following are options that the Board could consider and the potential impacts of those decisions:
• The Board may request revisions to the proposed TAM Plans.
o Impact would require staff to incorporate any feedback and return later date to request approval. There are no current critical or other deadlines for approval.
FISCAL IMPACT:
While the plans are heavily tied to UTA financials, they do not directly affect UTA financials by approval of the plans. The financial impacts are addressed with the approval of the current year budget and Five-Year Capital Plan.
ATTACHMENTS:
• 2024 UTA Transit Asset Management Plan
• 2024 Group Transit Asset Management Plan with Participant Signatures