Appropriation: means an allocation of money by the governing body for a specific purpose. See Utah Code 10-6-106
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 period which embodies estimates of proposed expenditures for given purposes and the proposed means of financing them. See Utah Code 10-6-106
Budget officer: means the city auditor in a city of the first and second class, the mayor or some person appointed by the mayor with the approval of the city council in a city of the third, fourth, or fifth class, the mayor in the council-mayor optional form of government, or the person designated by the charter in a charter city. 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
Current period: means the fiscal period in which a budget is prepared and adopted, i. See Utah Code 10-6-106
Department: means any functional unit within a fund that carries on a specific activity, such as a fire or police department within a city general fund. See Utah Code 10-6-106
Fiscal period: means the annual or biennial period for accounting for fiscal operations in each city. See Utah Code 10-6-106
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: 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
Governing body: means a city council, or city commission, as the case may be, but the authority to make any appointment to any position created by this chapter is vested in the mayor in the council-mayor optional form of government. See Utah Code 10-6-106
Last completed fiscal period: means the fiscal period next preceding the current period. See Utah Code 10-6-106
Municipality: means :
(a)
a city of the first class, city of the second class, city of the third class, city of the fourth class, city of the fifth class;
a metro township as that term is defined in Section 10-2a-403 unless the term is used in the context of authorizing, governing, or otherwise regulating the provision of municipal services. See Utah Code 10-1-104
On or before the first regularly scheduled meeting of the governing body in the last May of the current period, the budget officer shall, in accordance with Subsection (1)(b), prepare for the ensuing fiscal period, and file with the governing body, a tentative budget for each fund for which a budget is required.
(b)
The tentative budget of each fund shall set forth in tabular form:
(i)
the actual revenues and expenditures in the last completed fiscal period;
(ii)
the estimated total revenues and expenditures for the current fiscal period;
(iii)
the budget officer‘s estimates of revenues and expenditures for the budget period, computed as provided in Subsection (1)(c); and
(iv)
if the governing body elects, the actual performance experience to the extent established by Section 10-6-154 and available in work units, unit costs, man hours, or man years for each budgeted fund on an actual basis for the last completed fiscal period, and estimated for the current fiscal period and for the ensuing budget period.
(c)
(i)
In making estimates of revenues and expenditures under Subsection (1)(b)(iii), the budget officer shall estimate:
(A)
on the basis of demonstrated need, the expenditures for the budget period, after:
(I)
hearing each department head; and
(II)
reviewing the budget requests and estimates of the department heads; and
(B)
(I)
the amount of revenue available to serve the needs of each fund;
(II)
the portion of revenue to be derived from all sources other than general property taxes; and
(III)
the portion of revenue that shall be derived from general property taxes.
(ii)
The budget officer may revise any department’s estimate under Subsection (1)(c)(i)(A)(II) that the officer considers advisable for the purpose of presenting the budget to the governing body.
(iii)
From the estimate made under Subsection (1)(c)(i)(B)(III), the budget officer shall compute and disclose in the budget the lowest rate of property tax levy that will raise the required amount of revenue, calculating the levy upon the latest taxable value.
(2)
(a)
(i)
Each tentative budget, when filed by the budget officer with the governing body, shall contain the estimates of expenditures submitted by department heads, together with specific work programs and such other supporting data as this chapter requires or the governing body may request.
(ii)
Each city of the first or second class shall, and a city of the third, fourth, or fifth class may, submit a supplementary estimate of all capital projects which each department head believes should be undertaken within the next three succeeding years.
(b)
Each tentative budget submitted by the budget officer to the governing body shall be accompanied by a budget message that:
(i)
explains the budget;
(ii)
contains an outline of the proposed financial policies of the city for the budget period;
(iii)
describes the important features of the budgetary plan;
(iv)
provides the reasons for salient changes from the previous fiscal period in appropriation and revenue items; and
(v)
explains any major changes in financial policy.
(3)
(a)
Subject to Subsection (3)(b), a governing body in any regular public hearing or special public hearing:
(i)
shall review, consider, and tentatively adopt each tentative budget; and
(ii)
may, before the public hearing described in Section 10-6-114, amend or revise each tentative budget.
(b)
A governing body may not reduce an appropriation required for debt retirement and interest or reduction of any existing deficits in accordance with Section 10-6-117, or otherwise required by law or ordinance, below the required minimums.
(4)
(a)
If the municipality is acting in accordance with Section 10-2a-218, the tentative budget shall:
(i)
be submitted to the governing body-elect as soon as practicable; and
(ii)
cover each fund for which a budget is required from the date of incorporation to the end of the fiscal year.
(b)
The governing body shall substantially comply with all other provisions of this chapter, and the budget shall be passed upon incorporation.
