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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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Jared Scarbrough, Acting Chief Capital Services Officer |
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PRESENTER(S): |
Jay Fox, Executive Director |
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Viola Miller, Chief Financial Officer |
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Jared Scarbrough, Acting Chief Capital Services Officer |
TITLE:
title
2026 Budget and 2026-2030 Five-Year Capital Plan Overview
end
AGENDA ITEM TYPE:
Discussion
RECOMMENDATION:
Informational presentation and discussion in preparation for budget and capital plan consultation in the November Local Advisory Council meeting.
BACKGROUND:
The Utah Public Transit District Act and UTA Board Policies 2.1 and 2.3 specify that the Local Advisory Council plays a consulting role in the development and approval of UTA’s annual Operating and Capital Budgets, and also in the approval of the Five-Year Capital Plan. UTA is in the process of developing the 2026 Annual Tentative Budget and 2026-2030 Capital Plan and desires to provide opportunities for the Local Advisory Council to understand UTA’s budget process and priorities prior to their consultation on the budget and plan at the next regular meeting of the LAC in November.
DISCUSSION:
UTA staff will describe the current approach to budgeting, share priorities in the budget and capital plan, and review information relating to funding sources that affect the 2026 Budget. Staff will also highlight major projects included in the 2026-2030 Five-Year Capital Plan. The 2026 Tentative Budget will be finalized and adopted by the Board of Trustees in October, then presented to the LAC for consultation in November along with the final draft of the five-year capital plan.
ALTERNATIVES:
Local Advisory Council members may provide feedback regarding the budget and capital plan information provided by staff.
FISCAL IMPACT:
The report will provide a view into the plan and revenue sources backing the capital plan projects.
ATTACHMENTS:
None