June 3, 2025 Public Hearing - Enterprise Fund Transfer
Notice Tags
Budgeting
Notice Type(s)
Notice,
Hearing
Event Start Date & Time
June 3, 2025 06:30 PM
Description/Agenda
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 2025-2026 budget (July 1, 2025 - June 30, 2026). 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 $721,520 or 11.64% of fund expenditures; Wastewater Fund $747,247 or 9.58% of fund expenditures; and Power Fund $3,766,800 or 9.06% of fund expenditures. Each amount represents 8% of each fund's revenue, which percentage is unchanged from prior years.
The Murray City Council will hold a public enterprise fund hearing on June 3, 2025, 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 14th day of May 2025.
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.