PUBLIC HEARING - Enterprise Fund Transfer - Revision 1
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General Information
- Government Type
- Municipality
- Entity
- Blanding
- Public Body
- City Council
Notice Information
- Notice Title
- PUBLIC HEARING - Enterprise Fund Transfer
- Notice Tags
- Business
- Notice Type(s)
- Notice, Meeting, Hearing
- Event Start Date & Time
- May 16, 2023 07:00 PM
- Description/Agenda
- PUBLIC HEARING NOTICE TO BLANDING UTILITY CUSTOMERS State law requires that the City provide annually a disclosure on funds transferred from the City enterprise funds to the general fund. Blanding has budgeted for the transfer of between 1% and 3.4% of utility fund revenues to the general fund as a 'dividend' to Blanding taxpayers as the result of the taxpayers' investment in the City's utility infrastructure. These funds are used each year to help cover the cost of important city services like police, fire, parks and recreation, and other city functions. The utility transfer helps keep property taxes in Blanding low. If City utility services were provided by private utility companies, these dividends would instead be paid to investor-owners; because Blanding taxpayers are the investor-owners, these dividends are used to offset what otherwise would be a significant increase in property tax rates. The amount of the transfers are as follows: 2.9% Transfer from the Water Fund to the General Fund $ 24,000 1.8% Transfer from the Sewer Fund to the General Fund $ 10,000 3.3% Transfer from the Electric Fund to the General Fund $101,000 3.4% Transfer from the Natural Gas Fund to the General Fund $ 43,000 1.0% Transfer from the Storm Water Fund to the General Fund $ 1,500 2.9% Transfer from the Solid Waste Fund to the General Fund $ 8,000 A public hearing will be held on Tuesday, May 16, 2022 at 7:00 pm at the Blanding City Office located at 50 W 100 S in Blanding regarding the transfer of enterprise funds to the general fund of the Blanding City Budget for the fiscal year beginning July 1, 2023 and ending June 30, 2024.
- Notice of Special Accommodations (ADA)
- In compliance with the ADA, individuals needing special accommodations during this meeting may call the City Offices at (435) 678-2791 at least twenty-four hours in advance. Every effort will be made to provide the appropriate services.
- Notice of Electronic or Telephone Participation
- One or more Council Members may partcipate electronically.
Meeting Information
- Meeting Location
-
50 W 100 S
Blanding, UT 84511
Show in Apple Maps Show in Google Maps - Contact Name
- Pratt Redd
- Contact Email
- predd@blanding-ut.gov
Notice Posting Details
- Notice Posted On
- May 02, 2023 10:28 AM
- Notice Last Edited On
- May 04, 2023 09:33 AM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| Public Hearing - Utility Transfers.pdf | Audio Recording | 2023/05/02 10:28 AM |
Board/Committee Contacts
| Member | Phone | |
|---|---|---|
| James Francom | jfrancom@blanding.city | N/A |