PocketLaw | Utah Code | Fiscal Procedures for Interlocal Entities

Fiscal Procedures for Interlocal Entities

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Definitions.

Application -- Conflicts with federal law -- Other applicable law.

Fiscal year.

Uniform accounting system.

Funds and account groups maintained.

Budget required for certain funds -- Capital projects fund.

Total of revenues to equal expenditures.

Tentative budget to be prepared -- Review by governing body.

Hearing to consider adoption -- Notice.

Public hearing on tentatively adopted budget.

Continuing authority of governing body.

Accumulated fund balances -- Limitations -- Excess balances -- Unanticipated excess of revenues -- Reserves for capital projects.

Appropriations not to exceed estimated expendable revenue -- Appropriations for existing deficits.

Adoption of final budget -- Certification and filing.

Budgets in effect for budget year.

Purchasing procedures.

Expenditures or encumbrances in excess of appropriations prohibited.

Transfer of appropriation balance between accounts in same fund.

Review of individual governmental fund budgets -- Hearing.

Amendment and increase of individual fund budgets.

Emergency expenditures.

Lapse of appropriations -- Exceptions.

Loans by one fund to another.

Operating and capital budgets for proprietary funds.

Increase in appropriations for operating and capital budget fund -- Notice.

Deposit of interlocal entity funds -- Commingling with personal funds prohibited -- Suspension from office.

Quarterly financial reports required.

Annual financial reports -- Audit reports.

Audits required.

Interlocal entity may expand uniform procedures -- Limitation.

Imposing or increasing a fee for service provided by interlocal entity.

Residential fee credit.