General Information

Government Type

Municipality

Entity

Logan

Public Body

Municipal Council

Notice Information

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Notice Title

Transfer Notice for Fiscal Year 2023 - Budget Adoption

Notice Tags

Budgeting

Notice Type(s)

Notice

Event Start Date & Time

June 22, 2022 10:00 AM

Description/Agenda

Announcement of Budget Adoption That Includes or is Based on a Transfer of Money From an Enterprise Fund to Another Fund of the City of Logan For Fiscal Year 2023 In accordance with Utah State Law and Logan City budgeting practices, Logan City announces the adoption of a budget that includes a transfer of money from an enterprise fund to another fund of the City of Logan. A transfer is the movement of cash or other resources from one fund to another. Logan City has utilized transfers from enterprise funds as a General Fund financing mechanism for many years. If budgeted and planned for correctly, transfers from enterprise funds can help to defray the cost of services such as public safety, public works, parks and recreation and general governmental services, and consequently, keep property taxes low. But for transfers, Logan City would either need to raise property taxes significantly or cut services significantly. Where private sector utility companies are in business to provide a return on investment to its shareholders, Logan City's shareholders, its taxpayers and citizens, receive this return on investment as a transfer to the General Fund. The transfer from the Environmental Health Fund to the 911 Fund is composed of the garbage can fees used to fund the 911 system and radio equipment. The transfer is simply the legal justification used to obtain the funding needed for the 911 system. Administrative fees are not the same as transfers. While transfers are a movement of cash or resources without compensation, administrative fees are charges for centralized services provided by the general fund to the other funds of the City. Such services include but are not limited to utility billing, accounting, payroll, legal, human resources, shops and garage, and facility management. Administrative fees are allocated by the finance department in a reasonable and rational manner. *See attachment for detailed fees.

Notice of Special Accommodations (ADA)

Individuals needing special accommodations should notify Teresa Harris, 435-716-9002, at least two working days prior to the meeting. Hearing enhancement devices are available on request.

Notice of Electronic or Telephone Participation

A council member may join a meeting electronically upon proper notice of the meeting and 24-hour notice to councilmembers. A council member participating electronically will be connected to the meeting by telephone.

Meeting Information

Meeting Location

290 N 100 W
Logan, UT 84321
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Contact Name

Teresa Harris

Contact Email

teresa.harris@loganutah.org

Contact Phone

(435)716-9002

Notice Posting Details

Notice Posted On

June 22, 2022 09:47 AM

Notice Last Edited On

June 22, 2022 09:47 AM

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