June 6, 2017 Enterprise Fund Transfer Public Hearing
Notice Subject(s)
Public Meetings
Notice Type(s)
Notice,
Meeting,
Hearing
Event Start Date & Time
June 6, 2017 06:30 PM
Description/Agenda
HOUSING AUTHORITY OF WEST VALLEY CITY
PUBLIC NOTICE
ENTERPRISE FUND TRANSFER HEARING
NOTICE IS HEREBY PROVIDED that West Valley City proposes to transfer $1,730,893.02 from the Housing Authority of West Valley City Enterprise Fund to the Capital Improvement Program Fund. The transferred amount is money that was transferred into the fund by the City to stabilize the Housing Authority cash flows until the Housing Authority could establish ongoing funding for its operations. Since the Housing Authority has done so, the amount initially transferred into the Housing Authority Enterprise Fund by the City is now proposed to be returned to the Capital Improvement Program Fund. The amount returned is 33% of annual Housing Authority Enterprise Fund expenditures.
A public hearing will be held on June 6, 2017 at 6:30 pm in the City Council Chambers at West Valley City Hall, 3600 S. Constitution Boulevard, West Valley City, Utah to receive public input concerning the proposed transfer. All interested citizens and members of the public are invited to attend and comment.