The High Valley Transit District Board of Trustees approved amendments to the 2024 Operating, Capital, and Debt Service budgets during a meeting held on December 10, 2024. The resolution, passed by Board Chair Kim Carson and Vice Chair David Geffen, adjusted the agency's fiscal allocations for the year.
Amended 2024 Budget Allocations
According to a budget resolution passed on Dec. 10, 2024, the High Valley Transit District amended its 2024 Operating Fund to reflect $28,495,669 in revenue and $21,367,943 in expenses. This adjustment resulted in a change in net position of $7,127,726.
The Board of Trustees also approved changes to the agency's Capital Fund and Debt Service Fund. The amended Capital Budget was set at $25,500,826, while the amended Debt Service Budget was established at $1,122,865.
Legislative Background and Approval
The decision to amend the budgets followed a public hearing held by the Board of Trustees on Dec. 21, 2023, as required by Utah Code §17B-1-610. The board determined that the adjustments to the Operating, Capital, and Debt Service funds were in the best interests of the High Valley Transit District.
The resolution was formally approved and ordered for publication by the board on Dec. 10, 2024. The document was attested by Vice Chair/Secretary David Geffen and approved as to form by Chief Civil Deputy David L. Thomas.
District Fiscal Structure
The High Valley Transit District, located in Summit County, operates under the authority of the Utah Code to manage its fiscal resources through various funds. The 2024 amendments addressed the agency's primary financial pillars: operating costs, capital investments, and debt obligations.
