17C-1-601.5.  Annual agency budget — Fiscal year — Public hearing required — Notice — Auditor forms — Requirement to file form.

(1)  Each agency shall prepare an annual budget of the agency’s revenues and expenditures for each fiscal year.

Terms Used In Utah Code 17C-1-601.5

  • Board: means the governing body of an agency, as described in Section 17C-1-203. See Utah Code 17C-1-102
  • Community: means a county or municipality. See Utah Code 17C-1-102
  • 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.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Municipality: means a city, town, or metro township as defined in Section 10-2a-403. See Utah Code 17C-1-102
  • Project area: means the geographic area described in a project area plan within which the project area development described in the project area plan takes place or is proposed to take place. See Utah Code 17C-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
  • Taxing entity: means a public entity that:
(a) levies a tax on property located within a project area; or
(b) imposes a sales and use tax under Title 59, Chapter 12, Sales and Use Tax Act. See Utah Code 17C-1-102
(2)  The board shall adopt each agency budget:

(a)  for an agency created by a municipality, before June 30; or

(b)  for an agency created by a county, before December 15.

(3)  The agency’s fiscal year shall be the same as the fiscal year of the community that created the agency.

(4) 

(a)  Before adopting an annual budget, each board shall hold a public hearing on the annual budget.

(b)  Each agency shall provide notice of the public hearing on the annual budget for the agency’s jurisdiction, as a class A notice under Section 63G-30-102, for at least one week before the day of the public hearing.

(c)  Each agency shall make the annual budget available for public inspection at least three days before the date of the public hearing.

(5)  The state auditor shall prescribe the budget forms and the categories to be contained in each annual budget, including:

(a)  revenues and expenditures for the budget year;

(b)  legal fees; and

(c)  administrative costs, including rent, supplies, and other materials, and salaries of agency personnel.

(6) 

(a)  Within 90 days after adopting an annual budget, each board shall file a copy of the annual budget with the auditor of the county in which the agency is located, the State Tax Commission, the state auditor, the State Board of Education, and each taxing entity from which the agency receives project area funds.

(b)  The requirement of Subsection (6)(a) to file a copy of the annual budget with the state as a taxing entity is met if the agency files a copy with the State Tax Commission and the state auditor.

Amended by Chapter 435, 2023 General Session

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