Section 514 – Adoption of final budget — Certification and filing.
Effective 5/12/2015 11-13-514. Adoption of final budget — Certification and filing. (1) Except as provided in Sections 59-2-919 through 59-2-923, the governing board of an interlocal entity shall by resolution adopt prior to the beginning of the fiscal year a budget for the ensuing fiscal year for each fund for which a budget is required […]
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 […]
Section 502 – Application — Conflicts with federal law — Other applicable law.
Effective 5/10/2016 11-13-502. Application — Conflicts with federal law — Other applicable law. (1) This part does not apply to a taxed interlocal entity as defined in Section 11-13-602. (2) Except as provided in Subsection (1), and notwithstanding any other provision of law, this part governs an interlocal entity’s fiscal procedures but only to the […]
Section 503 – Fiscal year.
Effective 5/12/2015 11-13-503. Fiscal year. The fiscal year of an interlocal entity shall be, as determined by the governing board: (1) the calendar year; or (2) the period from July 1 to the following June 30. Enacted by Chapter 265, 2015 General Session
Section 504 – Uniform accounting system.
Effective 5/12/2015 11-13-504. Uniform accounting system. An interlocal entity shall: (1) establish and maintain the interlocal entity’s accounting records, and financial statements prepared from those records, as required by generally accepted accounting principles; and (2) adopt and implement internal accounting controls in light of the needs and resources of the interlocal entity. Enacted by Chapter […]
Section 505 – Funds and account groups maintained.
Effective 5/12/2015 11-13-505. Funds and account groups maintained. An interlocal entity shall establish and maintain, according to its own accounting needs, some or all of the funds and account groups in its system of accounts, as required by generally accepted accounting principles. Enacted by Chapter 265, 2015 General Session
Section 506 – Budget required for certain funds — Capital projects fund.
Effective 5/12/2015 11-13-506. Budget required for certain funds — Capital projects fund. (1) The budget officer shall prepare for each budget year a budget, subject to Section 11-13-507, for each of the following funds, to the extent applicable: (a) the general fund; (b) each special revenue fund, as that term is used in generally accepted […]
Section 507 – Total of revenues to equal expenditures.
Effective 5/12/2015 11-13-507. Total of revenues to equal expenditures. (1) The budget under Section 11-13-506 shall provide a financial plan for the budget year. (2) Each budget shall specify in tabular form: (a) estimates of all anticipated revenues; and (b) all appropriations for expenditures. (3) The total of the anticipated revenues shall equal the total […]
Section 508 – Tentative budget to be prepared — Review by governing body.
Effective 5/12/2015 11-13-508. Tentative budget to be prepared — Review by governing body. (1) On or before the first regularly scheduled meeting of the governing board in November for a calendar year entity and May for a fiscal year entity, the budget officer of an interlocal entity shall prepare for the ensuing year and file […]
Section 509 – Hearing to consider adoption — Notice.
Effective 7/1/2021 11-13-509. Hearing to consider adoption — Notice. (1) At the meeting at which the tentative budget is adopted, the governing board shall: (a) establish the time and place of a public hearing to consider its adoption; and (b) except as provided in Subsection (2) or (5), order that notice of the hearing: (i) […]