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TO: |
Local Advisory Council |
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FROM: |
Local Advisory Council Leadership |
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PRESENTER(S): |
Karen Cronin, Local Advisory Council Chair |
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Clint Smith, Local Advisory Council Vice-Chair |
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Julie Fullmer, Local Advisory Council Second Vice-Chair |
TITLE:
title
AR2021-09-01 - Resolution Setting the Compensation for the Board of Trustees
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Discuss and approve Resolution AR2021-09-01 setting the compensation for members of UTA’s Board of Trustees
BACKGROUND:
One of the duties of the Local Advisory Council defined in Utah’s Public Transit District Act is setting the compensation packages of UTA’s Board of Trustees. In 2019 the Local Advisory Council set the base compensation for Trustees at $140,000 annually. At that time the Council committed to review a formal process for setting compensation going forward.
DISCUSSION:
In consultation with the Utah Office of the Attorney General, the leadership of the Advisory Council developed a draft resolution for the Council to consider that formalizes the compensation structure for the position of UTA Trustee. This resolution maintains the base salary for an appointed Trustee at $140,000 and establishes a cost-of-living adjustment (COLA) for Trustees after one-year of employment. The suggested COLA is intended to keep the level of compensation current with inflation and would be set by the COLA approved by the legislature for state employees. Associating with the state’s COLA was an effective way to set the amount independent of UTA. The resolution also limits salary to the cap set in statute (currently $150,000 annually) and does not change other retirement and standard executive benefits previously set by the Council.
ALTERNATIVES:
Revise the resolution and establish another process for setting compensation going forward.
FISCAL IMPACT:
The decision of the Council at this meeting will allow the COLA to be incorporated into the agency’s 2022 tentative budget established in October, with any eligible COLA adjustment becoming effective in January 2022. The State of Utah set their COLA at 3% effective July 2021, which would result in a total increase in UTA’s 2022 budget of $4,200 for each eligible Trustee.
ATTACHMENTS:
• Resolution AR2021-09-01
• Office of the Utah Attorney General Legal Opinion