General Information

Government Type

Municipality

Entity

Spanish Fork

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

Spanish Fork City Council Fiscal Year 2026 Enterprise Fund Transfers

Notice Tags

Enterprise Fund Transfer, Budget

Notice Type(s)

Notice, Meeting, Hearing

Event Start Date & Time

June 3, 2025 06:00 PM

Event End Date & Time

June 3, 2025 10:00 PM

Description/Agenda

NOTICE TO SPANISH FORK CITY UTILITY CUSTOMERS State law requires that the City provide an annual disclosure on funds transferred from a utility enterprise fund to any other fund. The City has budgeted the following transfers. The City of Spanish Fork has budgeted for the transfer from each utility fund to the general fund as a dividend to Spanish Fork taxpayers. This dividend is the result of the rate payers' investment in the City's utility infrastructure. These funds are used each year to help cover costs of important city services like police, fi re, library, senior center, parks and recreation, and other city functions. The utility transfer helps keep property taxes low in Spanish Fork. If City utility services were provided by private utility vendors, these dividends would instead be paid to the private investor-owners. Because Spanish Fork residents are the investor-owners, these dividends are used to offset what otherwise would be a signifi cant increase in property tax rates. These transfers are of funds which cannot be defi ned as a reasonable allocation of costs between funds. These amounts will not be repaid. The amounts of the transfers are as follows: Dollar Amount % of Expenditures From the Water Fund to the General Fund $ 353,000 2.4 % From the Sewer Fund to the General Fund $ 155,025 0.6 % From the Power Fund to the General Fund $ 1,335,000 3.1 % From the Solid Waste Fund to the General Fund $ 50,000 1.4 % From the Broadband Fund to the General Fund $ 450,000 4.4 % Spanish Fork City also has a debt obligation that the Power Fund is helping make payments on. The funds are to pay for the Justice Center (Police/Court Building). This transfer is for funds which cannot be defi ned as a reasonable allocation of costs between funds. These amounts will not be repaid. The amount of this transfer is as follows: Dollar Amount % of Expenditures From the Power Fund to the Debt Service Fund $ 679,503 1.6 % A public hearing will be held on Tuesday, June 3, 2025 at 6 p.m. at the City Council Chambers, located at 80 South Main Street, Spanish Fork, Utah. The public hearing will be to discuss the proposed dividend transfers in the Fiscal Year 2026 Budget. The fi scal year begins July 1, 2025 and ends June 30, 2026. Thank you for your support and involvement as a utility customer of Spanish Fork.

Notice of Special Accommodations (ADA)

SPANISH FORK CITY does not discriminate on the basis of race, color, national origin, sex, religion, age or disability in the employment or the provision of services. The public is invited to participate in all Spanish Fork City Council Meetings located at 40 South Main St. If you need special accommodation to participate in the meeting, please contact the City Manager's Office at 801-804-4530.

Notice of Electronic or Telephone Participation

N/A

Other Information

*Supporting documentation is available on the City's website www.spanishfork.org

Meeting Information

Meeting Location

80 South Main Street at Library Hall
Spanish Fork, UT 84660
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Contact Name

Tara Silver

Contact Email

tsilver@spanishfork.org

Contact Phone

(801)804-4530

Notice Posting Details

Notice Posted On

May 21, 2025 04:33 PM

Notice Last Edited On

May 21, 2025 04:33 PM

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