17B-1-605. Budget required for certain funds -- Capital projects fund.
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Effective 2/27/2023
17B-1-605. Budget required for certain funds -- Capital projects fund.
(1)The budget officer of each special district shall prepare for each budget year a budget for each of the following funds:
(a)the General Fund;
(b)special revenue funds;
(c)debt service funds;
(d)capital projects funds;
(e)proprietary funds, in accordance with Section 17B-1-629 ;
(f)if the special district has a local fund, as defined in Section 53-2a-602 , the local fund; and
(g)any other fund or funds for which a budget is required by the uniform system of budgeting, accounting, and reporting.
(a)Major capital improvements financed by general obligation bonds, capital grants, or interfund transfers shall use a capital projects fund budget unless the improvements financed are to be used for proprietary type activities.
(b)The special district shall prepare a separate budget for the term of the projects as well as the annual budget required under Subsection
(1).
Amended by Chapter 15 , 2023 General Session