Utah Code § 11-13-505
An interlocal entity must establish and maintain some or all of the funds and account groups in its system of accounts, based on its accounting needs and GAAP.
- Accounting
- Public entity finance
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Utah Code § 11-13-506
The budget officer must prepare a budget for each budget year for the listed funds, subject to Section 11-13-507, and the interlocal entity must prepare a separate budget for the term of a capital improvement and its annual budget.
- Accounting
- Bond-financed improvements
- Budgeting
- Capital budgeting
- Fund accounting
Utah Code § 11-13-507
The budget must be set out as a financial plan for the budget year and show revenues and expenditures in tabular form, with total anticipated revenues equal to total appropriated expenditures.
- Budget preparation
- Budgeting
- Public finance
Utah Code § 11-13-508
The budget officer of an interlocal entity must prepare and file a tentative budget by the first regularly scheduled governing board meeting in November for a calendar year entity or May for a fiscal year entity.
- Budget preparation
- Filing
- Fund preparation
- Governing board review
- Property tax allocation
Utah Code § 11-13-509
When the tentative budget is adopted, the governing board must set a public hearing and publish notice for at least 7 days before the hearing, unless Subsection (2) applies.
Utah Code § 11-13-510
The governing board must hold a public hearing on the tentatively adopted budgets and let interested attendees be heard on revenues, expenditures, or any item in a tentative fund budget.
- Local government budget process
- Public budget hearing
Utah Code § 11-13-511
After the public hearing under Section 11-13-510, the governing board may keep reviewing the tentative budget and may add or change expenditure items, and it must adopt a final budget.
Utah Code § 11-13-512
Accumulated fund balances -- Limitations -- Excess balances -- Unanticipated excess of revenues -- Reserves for capital projects. An interlocal entity may accumulate retained earnings or fund balances, as appropriate, in any fund. For the
- Budget threshold
- Budgeting
- Capital projects
- Capital projects reserves
- Fund balance cap
Utah Code § 11-13-513
An interlocal entity’s governing board may not appropriate more than estimated expendable revenue for a fund’s budget year, and it must budget for a deficit when a fund has a deficit balance at fiscal year-end.
- Appropriations
- Budgeting
Utah Code § 11-13-514
An interlocal entity’s governing board must adopt the next fiscal year’s budget before the fiscal year starts, unless Sections 59-2-919 through 59-2-923 apply, and the budget officer must file the final budget within 30 days after adoption with the members and the state auditor.
- Budget adoption
- Budget filing
Utah Code § 11-13-515
After final adoption, each budget must be effective for the budget year; an interlocal entity must file the adopted budgets in its office and make them available to the public during regular business hours.
Utah Code § 11-13-516
An interlocal entity must follow its resolution-based purchasing procedures and act only with order or approval from a duly authorized person.
Utah Code § 11-13-517
An interlocal entity may not spend or commit funds beyond the total appropriations in its adopted or amended budget, except as allowed by Section 11-13-521.
Utah Code § 11-13-518
An interlocal entity’s governing board must adopt policies for transferring unencumbered or unexpended appropriation balances between accounts in the same fund, and it may not reduce certain required appropriations below the minimum required.
- Appropriation transfer
- Appropriations
- Fund accounting
- Local government administration
- Public finance
Utah Code § 11-13-519
The governing board of an interlocal entity may review an individual governmental fund budget during the budget year, and if it decides the budget total should increase, it must hold a public hearing on the increase.
- Budget review
- Budgeting
- Governmental funds
- Public hearing
Utah Code § 11-13-520
The governing board may amend proposed fund budgets after the required public hearing, but it may not adopt a current-year budget amendment for certain funds after the last day of the fiscal year.
- Budget amendment
- Fiscal year
- Governing board
- Public budgets
- Public hearing
Utah Code § 11-13-521
The governing board of an interlocal entity may amend a budget and authorize spending that creates a deficit in the general fund balance if it determines an emergency exists and the spending is reasonably necessary and used to meet that emergency.
Utah Code § 11-13-522
Unused or unencumbered appropriations generally lapse at the end of the budget year and go back to the respective fund balance, except capital projects fund appropriations.
- Appropriations lapse
- Budget year
- Fund balance
Utah Code § 11-13-523
The governing board of an interlocal entity may authorize an interfund loan, but the loan must be documented and the board must give public notice, hold a hearing, and authorize it by resolution unless an exception applies.
- Budget amendments
- Budgeting
- Interest rate
- Interfund lending
- Interfund loans
Utah Code § 11-13-524
This section defines “operating and capital budget” and requires governing boards and interlocal entities to prepare, adopt, file, publish, and in some cases notice budget actions for proprietary funds.
- Budget amendment
- Budget notice
- Budgeting
- Budgets
- Capital budget
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