| (1) |
The budget officer shall prepare for each budget period a budget for each of the following funds:
Terms Used In Utah Code 10-6-109- Budget: means a plan of financial operations for a fiscal period which embodies estimates of proposed expenditures for given purposes and the proposed means of financing them. See Utah Code 10-6-106
- Budget period: means the fiscal period for which a budget is prepared. See Utah Code 10-6-106
- City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
- Fund: is a s defined by generally accepted accounting principles as reflected in the Uniform Accounting Manual for Utah Cities. See Utah Code 10-6-106
- 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.
- Road: includes :Utah Code 68-3-12.5
| (a) |
the city general fund, including the class “C” and collector road funds; |
| (b) |
special revenue funds; |
| (c) |
debt service funds; and |
| (d) |
capital improvement funds. |
|
| (2) |
| (a) |
Major capital improvements financed by general obligation bonds, capital grants, or interfund transfers, shall use a capital projects fund budget. |
| (b) |
The term of the budget shall coincide with the term of the individual project or projects. |
| (c) |
To the extent appropriate, the requirements for preparation, adoption, and execution of the budgets of the funds enumerated in Subsection (1), as set forth in this chapter, shall apply to budgets of capital projects funds. |
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Amended by Chapter 176, 2014 General Session
