NOTICE OF PUBLIC HEARINGS
TRANSFERS FROM ENTERPRISE FUNDS
NOTICE OF PUBLIC HEARINGS
Tuesday, June 20, 2017 at 6:00 pm – Public Hearing to be held on proposed Enterprise Fund transfers. The hearing will be held in the Ogden City Council Chambers, on the third floor of the Municipal Building located at 2549 Washington Boulevard.
In accordance with Utah Code §10-6-135.5, notice is hereby given that the Ogden City Council will hold a public hearing to receive public comment on proposed transfers from the City’s Enterprise Funds, including the Water, Sanitary Sewer, Storm Sewer, and Refuse Funds, to the City’s General Fund and Capital Improvement Fund included in the proposed fiscal year 2018 budget. The amounts shown in this notice are the maximum amounts proposed. The actual amounts approved in the budget may be less.
In the proposed fiscal year 2018 budget, the City is proposing to transfer funds from the Water, Sanitary Sewer, Storm Sewer, and Refuse Utility funds to the General Fund. In Ogden City, these Utility Funds are accounted for as Enterprise Funds and are operated like a separate business. As with other businesses and non-city utilities, the City collects franchise taxes and property taxes. The transfer from each of the City’s Utility Funds to the General Fund acts as the City’s collection of these charges. This transfer has been done by the City for many years; however, to be in compliance with recent state law changes, the City is now providing notice of the transfers to all City utility users.
Public Arts Transfers
In addition to the transfers for the franchise taxes and property taxes, the fiscal year 2018 budget proposes to transfer funds from three of the Utility Funds to the Capital Improvement Fund to fund public art. From 1997 through 2015, the City had funded the public art program by allocating 1% of each capital improvement project. In 2016 the City adopted a change to this funding method. The new funding method replaces the 1% allocation with a fixed annual amount that is designed to be equivalent to the average annual amount that would have been directed to public art.
TRANSFER AMOUNTS FROM THE UTILITY FUNDS TO THE GENERAL FUND AND CAPITAL IMPROVEMENT FUND
|Water||Sanitary Sewer||Storm Sewer||Refuse|
|Franchise/Property Tax To General Fund||$2,227,075||$1,336,775||$573,675||$672,500|
|Percentage of total Enterprise Fund||10.23%||10.77%||9.07%||11.99%|
|Public Arts to Capital Improvement Fund||$40,000||$15,000||$10,000||$0|
|Percentage of total Enterprise Fund||0.18%||0.12%||0.16%||0%|
View the tentative and line item budgets for details. If you have any further questions or concerns, please contact Lisa Stout, Ogden City Comptroller, at (801) 629-8713 or firstname.lastname@example.org.