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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 |
TITLE:
title
TBA2025-09-02 – Technical Budget Adjustment – 2025 Operating Budget
end
AGENDA ITEM TYPE:
Other Approval
RECOMMENDATION:
Approve TBA2025-09-02 to authorize the addition of 1.0 position (FTE) to the Finance Office within the 2025 Operating Budget.
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.
Board Policy 2.3 Budget (section C.2) also requires that administrative adjustments which seek to reallocate funds across Mode, Executive and Chief Offices, or between capital projects be brought to the Board for a Technical Budget Adjustment consideration.
DISCUSSION:
This Technical Budget Adjustment will make the following changes:
2025 Operating Budget:
Add 1.0 FTE Procurement & Contracts Specialist position to support the contracts management process in the Finance Office’s Supply Chain management group. This position will replace the duties of an existing contractor. Replacement of the contractor position with a permanent FTE is at the recommendation of UTA Internal Audit. This change will have a net neutral budget impact, with funding for the position coming from the existing Capital budget.
ALTERNATIVES:
The Board may reject or request revisions to the requested Technical Budget Adjustment. If the operating changes are not made, then support for UTA’s Supply Chain management process may be impacted.
FISCAL IMPACT:
The proposed addition of the Supply Chain Management position will be funded from the 2025 Capital Budget.
Funding for 2026 additional expenses for this position are included in the submitted draft 2026 Capital Budget.
There is no overall increase in budget authority. There is no impact on UTA’s Fund Balance within this TBA.
ATTACHMENTS:
TBA2025-09-02 – Technical Budget Adjustment - Exhibit A
TBA2025-09-02 – Technical Budget Adjustment - Exhibit A-2 Financial
TBA2025-09-02 – Technical Budget Adjustment - Exhibit A-2 FTE