Utah Code 17B-1-607. Tentative budget to be prepared — Review by governing body

17B-1-607. Tentative budget to be prepared — Review by governing body.

(1)

On or before the first regularly scheduled meeting of the board of trustees in November for a calendar year entity and May for a fiscal year entity, the budget officer of each special district shall prepare for the ensuing year, in a format prescribed by the state auditor, and file with the board of trustees a tentative budget for each fund for which a budget is required.

Terms Used In Utah Code 17B-1-607

Budget: means a plan of financial operations for a fiscal year which embodies estimates of proposed expenditures for given purposes and the proposed means of financing them, and may refer to the budget of a particular fund for which a budget is required by law or it may refer collectively to the budgets for all such funds. See Utah Code 17B-1-601
Budget officer: means the person appointed by the special district board of trustees to prepare the budget for the district. See Utah Code 17B-1-601
Budget year: means the fiscal year for which a budget is prepared. See Utah Code 17B-1-601
Calendar year entity: means a special district whose fiscal year begins January 1 and ends December 31 of each calendar year as described in Section 17B-1-602. See Utah Code 17B-1-601
Fiscal year: means the annual period for accounting for fiscal operations in each district. See Utah Code 17B-1-601
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Fund: has the meaning given under generally accepted accounting principles as reflected in the Uniform Accounting Manual for Special Districts. See Utah Code 17B-1-601
Property: includes both real and personal property. See Utah Code 68-3-12.5
Special district: means a limited purpose local government entity, as described in Section 17B-1-103, that operates under, is subject to, and has the powers described in:

(a)	this chapter; or

(b)

(i)	this chapter; and

(ii)

(A)

(B)

(C)

(D)

(E)

(F)

(G)

(H)

(I)

(J)

10; or

(K)

11. See Utah Code 17B-1-102

State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5

(2)

(a)

Each tentative budget under Subsection (1) shall provide in tabular form:

(i)	actual revenues and expenditures for the last completed fiscal year;

(ii)	estimated total revenues and expenditures for the current fiscal year; and

(iii)

the budget officer’s estimates of revenues and expenditures for the budget year.

(b)	The budget officer shall estimate the amount of revenue available to serve the needs of each fund, estimate the portion to be derived from all sources other than general property taxes, and estimate the portion that shall be derived from general property taxes.

(3)	The tentative budget, when filed by the budget officer with the board of trustees, shall contain the estimates of expenditures together with specific work programs and any other supporting data required by this part or requested by the board.

(4)

The board of trustees shall review, consider, and tentatively adopt the tentative budget in any regular meeting or special meeting called for that purpose and may amend or revise the tentative budget in any manner that the board considers advisable prior to public hearings, but no appropriation required for debt retirement and interest or reduction of any existing deficits under Section 17B-1-613, or otherwise required by law, may be reduced below the minimums so required.

(5)

When a new district is created, the board of trustees shall:

(a)	prepare a budget covering the period from the date of incorporation to the end of the fiscal year;

(b)	substantially comply with all other provisions of this part with respect to notices and hearings; and

(c)	pass the budget as soon after incorporation as feasible.

Amended by Chapter 15, 2023 General Session

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