General Information

Government Type

Municipality

Entity

St. George

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

FY 2019 Approved Transfers From Other Funds

Notice Tags

Other

Notice Type(s)

Notice

Event Start Date & Time

July 13, 2018 01:00 AM

Description/Agenda

Notice of Adoption of Fiscal Year 2018-2019 Budget Transfers from Enterprise Funds Purpose: Notification of adoption of the proposed fiscal year 2018-2019 budget and transfers from Enterprise (Business-type) Funds to Other Funds. Background: The City of St. George, Utah held its public hearings on June 7, 2018 to review and take public comment regarding the proposed fiscal year 2018-2019 budget and transfers from Enterprise (Business-type) Funds to Other Funds and the Council approved the adoption of the transfers from the Enterprise Funds to Other Funds. The City of St. George General Fund provides administrative and overhead services to the enterprise (business-type) funds. These services include utility billing, payment collection and customer service functions, as well as indirect costs for human resources, legal, technology, fleet maintenance and other administrative services. The City calculates the estimated costs to provide these services to the enterprise funds; and each enterprise fund transfers their proportionate share of the costs to the General Fund. If these functions were not provided by the General Fund, the enterprise funds would need to hire additional employees and pay the direct personnel, materials and supplies, and equipment costs and/or hire consultants and pay their fees. City Management believes the amount transferred to the General Fund is less than the value of the services received and/or the amount which would be billed by a third party. The enterprise funds also participate in capital projects with other funds. The total capital projects' costs are expensed in the other funds and each enterprise fund transfers their proportionate share of the costs. By participating with the other funds, the City is saving costs by combining like projects with the different funds. For fiscal year 2018-2019, the transfers are budgeted as follows: Fund Transfers for Administrative and Overhead Transfers of Costs Not Associated to the Enterprise Fund Transfers for Capital Projects Percent of Enterprise Fund's Expenditure Budget Electric Fund $2,150,000 $ 0 $ 0 3.1% Water Fund $1,400,000 $ 0 $ 0 4.4% Wastewater Collection $ 550,000 $ 0 $ 0 6.7% Regional Wastewater Treatment $ 850,000 $ 0 $ 0 3.2% Refuse Collection $ 310,000 $ 0 $ 0 5.7% Drainage Fund $ 165,000 $ 0 $2,430,000 98.7% Total to the General Fund $5,425,000 $ 0 Total to Other Funds $2,430,000 Transfers for specific capital projects from an enterprise fund in fiscal year 2018-2019 are budgeted as follows: Specific Capital Project Enterprise Fund Fund Receiving Transfer Budgeted Transfer Main Street Drainage Basin Laterals Drainage Fund Public Works Capital Projects Fund $500,000 Culvert Replacement at 540 N./Dixie Dr. Drainage Fund Public Works Capital Projects Fund $600,000 1130 N. Drainage Improvements Drainage Fund Public Works Capital Projects Fund $500,000 Fort Pierce Wash Maintenance Drainage Fund Public Works Capital Projects Fund $ 50,000 Van Con Equipment for Stormwater Maintenance Program to comply with the Clean Water Act Drainage Fund General Fund $500,000 Street Sweeper Equipment for Stormwater Maint. Program to comply with the Clean Water Act Drainage Fund General Fund $280,000 Total Transfers for Capital Projects $2,430,000 For questions or comments regarding this public notice, please contact the following individuals in the Administrative Services Department at 435-627-4000 or click here to email. Trevor Coombs, Administrative Services Director Tiffany M LaJoice, Finance Manager Deanna Brklacich, Budget and Financial Planning Manager

Notice of Special Accommodations (ADA)

NA

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

175 East 200 North
Saint George, 84770
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Contact Name

Christina Fernandez

Contact Email

christina.fernandez@sgcityutah.gov

Contact Phone

(435)627-4003

Notice Posting Details

Notice Posted On

July 13, 2018 09:29 AM

Notice Last Edited On

July 13, 2018 09:29 AM

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