Utah Code 17B-1-613. Appropriations not to exceed estimated expendable revenue — Appropriations for existing deficits

17B-1-613. Appropriations not to exceed estimated expendable revenue — Appropriations for existing deficits.

(1)	The board of trustees of a special district may not make any appropriation in the final budget of any fund in excess of the estimated expendable revenue for the budget year of the fund.

Terms Used In Utah Code 17B-1-613

Appropriation: means an allocation of money by the board of trustees for a specific purpose. See Utah Code 17B-1-601
Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
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 year: means the fiscal year for which a budget is prepared. See Utah Code 17B-1-601
Deficit: 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
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
Fund balance: 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
Last completed fiscal year: means the fiscal year next preceding the current fiscal year. See Utah Code 17B-1-601
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
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

(2)

If there is a deficit fund balance in a fund at the close of the last completed fiscal year, the board of trustees of a special district shall include an item of appropriation for the deficit in the current budget of the fund equal to:

(a)	at least 5% of the total revenue of the fund in the last completed fiscal year; or

(b)	if the deficit is equal to less than 5% of the total revenue of the fund in the last completed fiscal year, the entire amount of the deficit.

(3)	The provisions of this section do not require a special district to add revenue to a fund that is used for debt service of a limited obligation, unless the revenue is pledged toward the limited obligation.

Amended by Chapter 15, 2023 General Session

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