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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 |
TITLE:
title
R2026-03-04 - Resolution Approving the First Amendment to the Authority’s 2026 Operating Budget
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Approve Resolution R2026-03-04 to approve Amendment 1 to the 2026 Operating Budget
BACKGROUND:
Board of Trustees Policy No. 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 Budget Amendment, after consultation with the Local Advisory Council, when an increase in the annual appropriation authority is requested.
The Authority needs to amend the 2026 Operating Budget to account for:
• The impacts of new funding for additional microtransit service in northern Utah County
The proposed amendments were presented at the January 28, 2026, Board meeting and to the Local Advisory Council for their consultation on February 18, 2026. The Local Advisory Council had no objections to the proposed amendments.
DISCUSSION:
This resolution provides for the approval of Amendment 1 to 2026 Operating Budget as described below:
2026 Operating Budget
The modification to the Operating Budget is for expenses related to additional transit services, via innovative mobility services, in northern Utah County. In partnership with and funds from Utah County and the Utah Department of Transportation (UDOT), the service will be provided to portions of Lehi, Saratoga Springs, Eagle Mountain, American Fork and Alpine with an anticipated start date of August 2026.
ALTERNATIVES:
The Board may chose to not approve the proposed amendment and provide feedback for consideration. If changes are needed, consultation with the Local Advisory Council would need to take place at the next Council meeting in May in order to authorize funds to activate this service in August 2026.
FISCAL IMPACT:
Operating Budget Amendment #1
This proposed Operating Budget Amendment will increase Operating Budget expenses by $1,924,000 which would be funded by UDOT and Utah County.
ATTACHMENTS:
• Resolution R2026-03-04, including the following exhibits:
o 2026 Operating Budget Amendment Exhibit A
o 2026 Operating Budget Amendment Exhibit A-2 Financial
o 2026 Operating Budget Amendment Exhibit A-2 FTE