NOTICE TO PRICE CITY UTILITY CUSTOMERS OF AN ENTERPRISE FUND PUBLIC HEARING TO DISCUSS THE PROPOSED TRANSFER FROM THE ELECTRIC FUND TO THE GENERAL FUND AND TO RECEIVE PUBLIC COMMENT.
General Information
- Government Type
- Municipality
- Entity
- Price
- Public Body
- City Council
Notice Information
- Notice Title
- NOTICE TO PRICE CITY UTILITY CUSTOMERS OF AN ENTERPRISE FUND PUBLIC HEARING TO DISCUSS THE PROPOSED TRANSFER FROM THE ELECTRIC FUND TO THE GENERAL FUND AND TO RECEIVE PUBLIC COMMENT.
- Notice Tags
- Budgeting
- Notice Type(s)
- Notice
- Event Start Date & Time
- June 26, 2024 05:30 PM
- Event End Date & Time
- June 26, 2024 05:30 PM
- Event Deadline Date & Time
- 06/25/24 05:30 PM
- Description/Agenda
- NOTICE TO PRICE CITY UTILITY CUSTOMERS Price City's Tentative Budget for Fiscal Year 2024-25 includes a proposed transfer of $2,700,000 from the Electric Fund to the General Fund. This transfer represents 25% of the Electric Fund's total budgeted expenditures. The purpose of the transfer is to pay for administrative and overhead costs of the Electric Fund, as well as to help cover the cost of services such as public safety, public works, parks and recreation, and other general governmental services. The transfer assists in keeping property taxes in Price City low. Private utility companies provide a return on investment in the form of dividends to their investors; Price City provides 'dividends' to our rate payers in the form of low-cost services that would otherwise be paid for by a significant increase in property taxes or other user fees. The Price City Council will hold an enterprise fund public hearing on June 26, 2024, at 5:30 p.m. in the City Council Chambers located at 185 East Main, Price, Utah, to discuss the proposed transfer and to receive public comment. Enterprise fund accounting data for the Electric Fund will be presented during the hearing.
- Notice of Special Accommodations (ADA)
- Note: In compliance with the Americans with Disabilities Act, individuals needing special accommodations during this meeting should contact Jaci Adams at 185 East Main Price, Utah, telephone 636-3183 at least 24 hours prior to the meeting.
- Notice of Electronic or Telephone Participation
- Electronic and Phone participation is available
Meeting Information
- Meeting Location
-
185 E Main St
Price, UT 84501
Show in Apple Maps Show in Google Maps - Contact Name
- Jaci Adams
- Contact Email
- jacia@priceutah.gov
Notice Posting Details
- Notice Posted On
- June 13, 2024 02:25 PM
- Notice Last Edited On
- June 13, 2024 02:25 PM
- Deadline Date
- June 25, 2024 05:30 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| FY 2024-25 ENTERPRISE FUND TRANSFER NOTICE (1).pdf | Public Information Handout | 2024/06/13 02:24 PM |
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