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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): |
Viola Miller, Chief Financial Officer |
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Brad Armstrong, Director, Budget & Financial Strategy |
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Greg Andrews, Senior Capital Budget Analyst |
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TITLE:
title
Financial Report - March 2024
end
AGENDA ITEM TYPE:
Report
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 March 2024 Monthly Financial Statements have been prepared in accordance with the Financial Management Policy and are being presented to the Board. Also provided are the monthly Board Dashboard which summarizes key information from the March 2024 Monthly Financial Statements.
DISCUSSION:
At the May 8, 2024, meeting, the Chief Financial Officer will review the Board Dashboard key items, passenger revenues, sales tax collections and operating expense variances, capital budget expenditures and receive questions from the Board of Trustees.
Note: UTA is in the process of closing the 2023 financial books, which typically takes several months after the close of the fiscal year ending December 31. Final results for 2023 will be presented at a later Board meeting after the year-end close is completed and results have been reviewed by UTA’s external auditors.
ALTERNATIVES:
n/a
FISCAL IMPACT:
n/a
ATTACHMENTS:
• March 2024 Board Dashboard
• March 2024 Monthly Financial Statements