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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): |
Daniel Hofer, Director- Capital Programming and Support |
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Greg Andrews- Senior Capital Budget Analyst |
TITLE:
title
TBA2025-02-01 - Technical Budget Adjustment - 2025 Capital Program
end
AGENDA ITEM TYPE:
Other Approval
RECOMMENDATION:
Approve TBA2025-02-01 to authorize transfer of $2,286,000 between various projects within the 2025 Capital Budget as presented.
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.
DISCUSSION:
This Technical Budget Adjustment will transfer a total of $2,286,000 between 16 projects within UTA’s 2025 capital program to aid in project delivery this year. This request, if approved by the Board, will affect the current budget total of 16 different projects within UTA’s capital program. The attached exhibit shows details for the specific projects affected by the budget adjustment. A summary of the projects and reasons for the budget adjustments are provided below.
The main benefits UTA anticipates will result from the proposed Technical Budget Adjustment include:
• Aligning budgets with an agreement and anticipated expenditure amounts for the projects throughout 2025.
• Providing funding to projects that were existing as unfunded in the current 2025 budget that were not able to be completed in 2024.
• Provide funding to allow for UTA to place a bus order for arrival in 2026.
Projects with Funding Increases:
FMA688- Lab Building FLHQ Demolition/Parking Lot
• Project is to pave the area where the old Lab Building stood at the FLHQ campus. Funding will cover existing obligations. Another funding adjustment will be needed once paving design is completed.
MSP205- Tiger Program of Projects
• Project was completed in 2024. A late invoice came in that will require Board approval. Funding is to provide funding to the project for that change order.
MSP208- Clearfield Trail
• Funds are to complete the remaining obligations on the project to finish construction. Anticipated completing last year.
FMA681- Arc Flash Study
• Project was supposed to finish last year. Funds are to finish up last bit of contract.
MSP314- One Time UTA On-Demand Funds
• Project was supposed to finish last year. Funds are to finish up last bit of remaining contracts.
REV211- Replacement Buses
• Funds are to finish remaining obligations and provide funding to start the 2026 bus procurement.
FMA691- Fuel Master Installation at MB and Mt Ogden
• Funds are to finish remaining obligations.
SGR407- Bus Stop Enhancements
• Funds are to update the financial need for procurement of bus stop amenity materials in 2025.
MSP268- Optical Detection
• Project was anticipated to close out last year. Project needs funding for remaining obligations and final Federal Transit Administration reporting.
MSP281 - FFY 2021 UT-2023-023 P/O 5310
• Project needs funds to help with a vehicle purchase as part of the 5310 program.
Projects with Funding Decreases:
MSP229- Bus Stops Improvements & Signing SL County
• Project is finished. Remaining funds will be used for closeout and any balance of funds can be distributed to assist other projects.
REV232- Van Pool Vans
• Funds can be transferred to another project.
MSP258- Mt Ogden Admin Bldg Expansion
• Project is finishing up Design. Construction won’t start until the fall. Project has excess funds in it this year. Funds can be used to help assist other projects.
MSP265- Program Management Support
• Funds can be transferred to another project.
SGR370- Red Light Signal Enforcement
• Contract is closing and funding is available to move.
MSP322- FFY 2019/2020 UT-2021-010-01 O/L 5310
• Grant is closing and funding can be moved to another project.
ALTERNATIVES:
The following are options the Board could consider and the potential impacts of those decisions:
• Board may reject or request revisions to the requested Technical Budget Adjustment. The impact of this would be UTA would not be able to pay any invoices that may come through for work that has been completed. It would also prevent UTA from being able to place the bus order for 2026 due to a lack in budget authority in 2025.
FISCAL IMPACT:
The proposed TBA of $2,286,000 is funded within the approved 2025 Capital Budget. Funds will be redistributed among the projects as described in the presentation and supplemental material contained within this packet.
If TBA is approved, there will be a balance remaining in the Capital Contingency of $5,000,000.
There is no increase in budget authority. There will be no impact on UTA’s Fund Balance with this TBA.
ATTACHMENTS:
• TBA2025-02-01 Technical Budget Adjustment - Capital