NOTICE TO BOUNTIFUL CITY UTILITY CUSTOMERS
State law requires that the City provide an annual disclosure on amounts transferred from utility Enterprise Funds to the General Fund. Historically, Bountiful has budgeted for the transfer of 10% of Electric Metered Sales. These transferred funds are used each year to help cover the costs of important services like police, street maintenance and snow removal, fire and emergency medical services, parks, and similar City services. The utility transfer helps keep property taxes in Bountiful low. The transfers provide a means for reimbursement of the General Fund for services provided to non-property tax paying groups such as non-profit organizations, churches, and governmental entities. Viewed in another way, these transfers are a 'dividend' to Bountiful taxpayers as the result of the taxpayers' original investment in the City's power infrastructure. If City utility services were provided by private utility customers, these dividends would instead be paid to investor-owners; because Bountiful taxpayers are the investor-owners, these dividends are used to offset what otherwise would be a significant increase in property tax rates.
Amended Transfer from Light & Power Fund to the General Fund (Fiscal Year 2026)
Bountiful originally estimated transferring $3,164,831 from the Light & Power Fund to the General Fund. Due to higher-than-expected power consumption, this transfer is proposed for amendment in the amount of $200,000 (total of $3,364,831 after amendment). The amended transfer still represents 10% of elected metered sales and 7.66% of total budgeted expenses in the Light & Power Fund. The original transfer amount was 7.2% of budgeted expenses.
Dollar Amount % of Expenses
Transfer from the Power Fund to the General Fund $3,364,831 7.66%
Transfer from Light & Power Fund to the General Fund (Fiscal Year 2027)
Bountiful City intends to transfer 10% of Electric Metered Sales ($3,291,424) from the Light & Power Fund to the General Fund in Fiscal Year 2027. This transfer represents 7.6% of total budgeted expenses in the Light & Power Fund.
Dollar Amount % of Expenses
Transfer from the Power Fund to the General Fund $3,291,424 7.6%
A public hearing for each of these transfers will be held separately on Tuesday, June 9, 2026, at the City Council meeting beginning at 7:00 p.m. in the Council Chambers, Bountiful City Hall, 795 South Main, Bountiful. The public hearing will be to discuss the Fiscal Year 2026 amended transfer and the Fiscal Year 2027 transfer from the Power Fund to the General Fund. All interested parties are invited to attend.
Notice of Special Accommodations (ADA)
Persons who are disabled as defined by the Americans With Disabilities Act may request an accommodation by contacting the Bountiful City Manager at 801.298.6140. Notification at least 24 hours prior to the meeting would be appreciated.
Notice of Electronic or Telephone Participation
NA
Other Information
If you are not on the agenda, the Council will not be able to discuss your item of business until another meeting. For most items it is desirable for the Council to be informed of background information prior to consideration at a Council meeting. If yo