|
TO: |
Board of Trustees |
|
THROUGH: |
Mary DeLoretto, Interim Executive Director |
|
FROM: |
William Greene, Chief Financial Officer |
|
PRESENTER(S): |
Brad Armstrong, Senior Manager Budget & Financial Analysis |
|
|
Dan Hofer, Capital Assets and Project Controls Manager |
TITLE:
title
Financial Report - September 2021
end
AGENDA ITEM TYPE:
Discussion
RECOMMENDATION:
Informational report for discussion
BACKGROUND:
The Board of Trustees Policy No. 2.1, Financial Management, directs the Chief Financial Officer to present monthly financial statements stating the Authority’s financial position, revenues, and expense to the Board of Trustees as soon as practical with monthly and year-to-date budget versus actual report to be included in the monthly financial report.
The September 2021 Monthly Financial Statements have been prepared in accordance with the Financial Management Policy and are being presented to the Board.
Also provided, is the monthly Board Dashboard for Operating which summarizes key information from the September 2021 Monthly Financial Statements.
Beginning in June of 2021, UTA began reporting on Capital Program delivery progress. Included in the November presentation will be an update on Capital Program delivery through the month of September and, per Board Request, staff will provide project updates on select projects.
This month, staff will be providing the Board an update on the Airport TRAX Station Relocation and the Northern Utah County Double Tracking projects.
DISCUSSION:
At the November 10, 2021 meeting, the Senior Manager Budget and Financial Analysis will review the Board Dashboard key items, passenger revenues, sales tax collections and operating expense variances and receive questions from the Board of Trustees.
The Capital Assets and Project Controls Manager will be providing the Capital Program Delivery Update and address Board questions.
ALTERNATIVES:
N/A
FISCAL IMPACT:
N/A
ATTACHMENTS:
• September 2021 Board Dashboard
• September 2021 Monthly Financial Statements