General Information

Government Type

Municipality

Entity

Murray

Public Body

Municipal Council

Notice Information

Add Notice to Calendar

Notice Title

June 4, 2024 Public Hearing - Transfer of Enterprise Funds

Notice Tags

Legislative Affairs

Notice Type(s)

Notice, Meeting, Hearing

Event Start Date & Time

June 4, 2024 06:30 PM

Description/Agenda

Murray City Corporation NOTICE OF PUBLIC HEARING NOTICE OF INTENT TO TRANSFER ENTERPRISE FUNDS, PURSUANT TO TITLE 10 CHAPTER 6 OF THE UTAH CODE, AND NOTICE OF ENTERPRISE FUND HEARING Murray City Corporation intends to transfer funds from the utility enterprise funds to the general fund as part of the Fiscal Year 2024-2025 budget (July 1, 2024 - June 30, 2025). These funds will be used in supplementing City services. Estimated amounts to be transferred from utility enterprise funds to the general fund are as follows: Water Fund $577,520 or 9.86% of fund expenditures; Wastewater Fund $685,600 or 9.41% of fund expenditures; and Power Fund $3,510,640 or 8.63% of fund expenditures. Each amount represents 8% of each fund's revenue, which percentage is unchanged from prior years. Additionally, a remodel of the Public Works facilities is underway. Because multiple utilities use these facilities the City intends to transfer the following amounts totaling $1,037,000 for the project cost from the Water ($338,000 or 6% of fund expenditures), Wastewater ($148,000 or 2% of fund expenditures), Solid Waste ($60,000 or 2% of fund expenditures), Storm Water ($134,000 or 6% of fund expenditures), Capital Projects Street Division ($294,000), and the Central Garage ($63,000) Funds to the Municipal Building Authority. The Murray City Council will hold a public enterprise fund hearing on June 4, 2024, at 6:30 p.m. in the Council Chambers at 10 East 4800 South, Room 150, Murray, Utah 84107, to receive public comment on the proposed enterprise fund transfers and to comment on enterprise fund accounting data. Interested parties are invited to attend and make comment. Dated this 21st day of May 2024. MURRAY CITY CORPORATION Brooke Smith City Recorder

Notice of Special Accommodations (ADA)

Special accommodations for the hearing or visually impaired will be made upon a request to the Office of the Murray City Recorder, 801-264-2660. The City would appreciate notification two working days prior to the meeting. TDD number is 801-264-2508.

Notice of Electronic or Telephone Participation

Council Members may participate in the meeting via telephonic communication. If a Council Member does participate via telephonic communication, the Council Member will be on speaker phone. The speaker phone will be amplified so that the other Council Members and all other persons present in the Council Chambers will be able to hear all discussions.

Meeting Information

Meeting Location

10 East 4800 South
Murray, UT 84107
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Contact Name

Jennifer Kennedy

Contact Email

jkennedy@murray.utah.gov

Contact Phone

(801)264-2622

Notice Posting Details

Notice Posted On

May 22, 2024 11:31 AM

Notice Last Edited On

May 22, 2024 11:31 AM

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