This is the design picked and proposed by the Utah State Flag Task Force. According to [1],"The task force said the foundational blue, similar to the current flag’s background, suggests natural resources, such as lakes and the sky, and principles such as knowledge, freedom and optimism.
The gold rim around the beehive represents strength and unity while the rugged white band represents Utah’s mountain landscapes and peace.
One change from the semifinalist design is the star under the beehive — it represents hope and Utah’s eight sovereign tribal nations.

Finally, the red along the bottom evokes the red rocks of southern Utah."
Own work; vectorization by Flagvisioner based off of image at [2]
Author unknown