Section 522 – Lapse of appropriations — Exceptions.
Effective 5/12/2015 11-13-522. Lapse of appropriations — Exceptions. All unexpended or unencumbered appropriations, except capital projects fund appropriations, lapse at the end of the budget year to the respective fund balance. Enacted by Chapter 265, 2015 General Session
Section 523 – Loans by one fund to another.
Effective 5/12/2015 11-13-523. Loans by one fund to another. (1) Subject to this section, restrictions imposed by bond covenants, restrictions in Section 53-2a-605, or other controlling regulations, the governing board of an interlocal entity may authorize an interfund loan from one fund to another. (2) An interfund loan under Subsection (1) shall be in writing […]
Section 524 – Operating and capital budgets for proprietary funds.
Effective 5/12/2015 11-13-524. Operating and capital budgets for proprietary funds. (1) (a) As used in this section, “operating and capital budget” means a plan of financial operation for a proprietary or other required special fund, including estimates of operating and capital revenues and expenses for the budget year. (b) Except as otherwise expressly provided in […]
Section 525 – Increase in appropriations for operating and capital budget fund — Notice.
Effective 5/12/2015 11-13-525. Increase in appropriations for operating and capital budget fund — Notice. (1) The total budget appropriation of a fund described in Section 11-13-524 may be increased by resolution of the governing board at a regular meeting, or special meeting called for that purpose, if written notice of the time, place, and purpose […]
Section 526 – Deposit of interlocal entity funds — Commingling with personal funds prohibited — Suspension from office.
Effective 5/12/2015 11-13-526. Deposit of interlocal entity funds — Commingling with personal funds prohibited — Suspension from office. (1) The treasurer of an interlocal entity shall promptly deposit all interlocal entity funds in the appropriate bank accounts of the interlocal entity. (2) It is unlawful for a person to commingle interlocal entity funds with the […]
Section 527 – Quarterly financial reports required.
Effective 5/12/2015 11-13-527. Quarterly financial reports required. The interlocal entity clerk or other delegated person shall prepare and present to the governing board a detailed quarterly financial report showing the financial position and operations of the interlocal entity for that quarter and the year-to-date status. Enacted by Chapter 265, 2015 General Session
Section 528 – Annual financial reports — Audit reports.
Effective 5/12/2015 11-13-528. Annual financial reports — Audit reports. (1) Within 180 days after the close of each fiscal year, the interlocal entity shall prepare an annual financial report in conformity with generally accepted accounting principles as prescribed in the Uniform Accounting Manual of the Utah State Auditor. (2) The requirement under Subsection (1) may […]
Section 529 – Audits required.
Effective 5/12/2015 11-13-529. Audits required. (1) An interlocal entity shall facilitate an audit of the interlocal entity in accordance with Title 51, Chapter 2a, Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act. (2) The governing board shall appoint an auditor for the purpose of complying with the requirements of this section […]
Section 530 – Interlocal entity may expand uniform procedures — Limitation.
Effective 5/12/2015 11-13-530. Interlocal entity may expand uniform procedures — Limitation. (1) Subject to Subsection (2), an interlocal entity may expand a uniform accounting, budgeting, or reporting procedure required by generally accepted accounting principles, to better serve the needs of the interlocal entity. (2) An interlocal entity may not deviate from or alter the basic […]
Section 515 – Budgets in effect for budget year.
Effective 5/12/2015 11-13-515. Budgets in effect for budget year. (1) Upon final adoption, each budget shall be in effect for the budget year, subject to amendment as provided in this part. (2) An interlocal entity shall file a copy of the adopted budgets in the interlocal entity’s office and make it available to the public […]