Utah Transit Authority header
File #: 25-136   
Type: Discussion Status: Presented
In control: Audit Committee
On agenda: 3/10/2025 Final action: 3/10/2025
Title: Enterprise Risk Profile Report
Attachments: 1. _Presentation_Enterprise Risk Profile Report

TO:                

Board of Trustees

THROUGH:  

Jay Fox, Executive Director

FROM:          

Alisha Garrett, Chief, Enterprise Strategy Office

PRESENTER(S):

Christie Giles, Risk Management Administrator

 

 

 

TITLE:                                                                                                                                                                         

title

Enterprise Risk Profile Report

end

 

AGENDA ITEM TYPE:                                                                                                                        

Report

RECOMMENDATION:                                                                                                                       

Informational item for discussion.                       

BACKGROUND:                                                                                                                                 

UTA leadership and the Enterprise Risk Management Administrator partnered to develop UTA’s risk profile and risk appetite based off industry best practices and UTA’s current risk data set.

DISCUSSION:                                                                                                                                      

This report will provide a high-level review of UTA’s risk profile based off current risk data. This data shows UTA’s current risk ratings in comparison to UTA’s risk appetite. The variance between the two provides insight for areas to focus our risk mitigation and risk controls.

ALTERNATIVES:                                                                                                                                    

N/A

FISCAL IMPACT:                                                                                                                                

Fiscal impact will be determined as risk mitigation efforts are considered and integrated into the future budget and resource conversation at the Agency.

ATTACHMENTS:                                                                                                                                

None