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TO: |
Local Advisory Council |
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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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TITLE:
title
Consultation on Proposed 2026 Operating Budget Amendment
end
AGENDA ITEM TYPE:
LAC - Consultation
RECOMMENDATION:
Consult with and provide feedback to the Board of Trustees regarding amendment 1 to the 2026 Operating Budget which reflects increased revenues and costs associated with the addition of microtransit service in northern Utah County.
BACKGROUND:
Board of Trustees Policy No. 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 Budget Amendment, after consultation with the Local Advisory Council, when an increase in the annual appropriation authority is requested.
DISCUSSION:
The following Amendment is proposed for consultation with the Local Advisory Council: modification to the existing 2026 Operating Budget. The proposed Amendment will add $1,924,000 to the 2026 Operating Budget. The modification to the Operating Budget is for expenses related to additional transit services, via innovative mobility services, in northern Utah County. In partnership with the Utah Department of Transportation (UDOT), the service will be provided to portions of Lehi, Saratoga Springs, Eagle Mountain, American Fork and Alpine with an anticipated start date of August 2026.
ALTERNATIVES:
The Local Advisory Council may provide feedback regarding the proposed amendment. If changes are needed, there may be delays in the service associated with this amendment.
FISCAL IMPACT:
2026 Operating Budget
This proposed Operating Budget Amendment will increase Operating Budget expenses by $1,924,000 that would be funded by UDOT and Utah County.
ATTACHMENTS:
• 2026 Operating Budget Amendment - Exhibit A
• 2026 Operating Budget Amendment - Exhibit A-2 Financial
• 2026 Operating Budget Amendment - Exhibit A-2 FTE