Notice of Adoption of Fiscal Year 2023-2024 Budget Transfer from Enterprise Funds
Purpose: Notification of adoption of the proposed fiscal year 2023-2024 budget and transfers from Enterprise (Business-type) Funds to Other Funds.
Background: The City of St. George, Utah held its public hearings on June 15, 2023 to review and take public comment regarding the fiscal year 2022-2023 a budget amendment and the proposed fiscal year 2023-2024 budget and transfers from Enterprise (Business-type) Funds to Other Funds. On June 15, 2023 the Council approved the adoption of the transfer from the Enterprise Funds to Other Funds.
The City of St. George General Fund provides administrative and overhead services to the enterprise (business-type) funds. These services include utility billing, payment collection and customer service functions, as well as indirect costs for human resources, legal, technology, fleet maintenance and other administrative services. The City calculates the estimated costs to provide these services to the enterprise funds; and each enterprise fund transfers their proportionate share of the costs to the General Fund. If these functions were not provided by the General Fund, the enterprise funds would need to hire additional employees and pay the direct personnel, materials and supplies, and equipment costs and/or hire consultants and pay their fees. City Management believes the amount transferred to the General Fund is less than the value of the services received and/or the amount which would be billed by a third party.
The enterprise funds also participate in capital projects and equipment purchases with other funds. The total project costs are expensed in the other funds and each enterprise fund transfers their proportionate share of the costs. By participating with the other funds, the City is saving costs by combining like projects with the different funds. For fiscal year 2023-2024, the transfers are budgeted as follows:
|
Fund |
Transfers for Administrative and Overhead |
Transfer of Costs Not Associated to the Enterprise Fund |
Transfer for Capital Projects* |
Percent of Enterprise Fund’s Expenditure Budget |
|
Electric Fund |
$2,550,000 |
$ 0 |
$1,600,000 |
5.1% |
|
Water Fund |
$2,150,000 |
$ 0 |
$3,125,000 |
9.0% |
|
Wastewater Collection |
$ 250,000 |
$ 0 |
$304,750 |
11.3% |
|
Regional Wastewater Treatment |
$ 900,000 |
$ 0 |
$1,370,250 |
10.9% |
|
Refuse Collection |
$ 400,000 |
$ 0 |
$ 0 |
4.7% |
|
Drainage Fund |
$ 609,382 |
$ 0 |
$5,132,571 |
98.6% |
|
Total to the General Fund |
$6,859,382 |
$ 0 |
$370,571 |
|
|
Total to Other Funds |
|
|
$11,162,000 |
|
*Specific capital projects information is listed on page 2 of this notice.
Transfers for specific capital projects from an enterprise fund in fiscal year 2023-2024 are budgeted as follows:
|
Specific Capital Project |
Enterprise Fund |
Fund Receiving Transfer |
Budgeted Transfer |
|
New City Hall contribution to fund share of the facility that will support utility customers and operations |
Energy Fund |
Municipal Building Authority Fund / General Capital Project Fund |
$1,600,000 |
|
New City Hall contribution to fund share of the facility that will support utility customers and operations |
Water Fund |
Municipal Building Authority Fund / General Capital Project Fund |
$3,125,000 |
|
New City Hall contribution to fund share of the facility that will support utility customers and operations |
Wastewater Fund |
Municipal Building Authority Fund / General Capital Project Fund |
$304,750 |
|
New City Hall contribution to fund share of the facility that will support utility customers and operations |
Wastewater Treatment Fund |
Municipal Building Authority Fund / General Capital Project Fund |
$1,370,250 |
|
Street Sweeper rebuild for Stormwater Maintenance Program to comply with the Clean Water Act |
Drainage Fund |
General Fund |
$370,571 |
|
Virgin River Right of Way Acquisition |
Drainage Fund |
Public Works Capital Projects Fund |
$62,000 |
|
Fort Pierce Wash Maintenance |
Drainage Fund |
Public Works Capital Projects Fund |
$300,000 |
|
Large Storm Drainpipe Improvements |
Drainage Fund |
Public Works Capital Projects Fund |
$2,000,000 |
|
Red Hills Sediment & Virgin River Streambank Project |
Drainage Fund |
Public Works Capital Projects Fund |
$500,000 |
|
Foremaster Dr. Culvert Project |
Drainage Fund |
Public Works Capital Projects Fund |
$900,000 |
|
3000 E. Widening – 1580 S. to Seegmiller Rd. |
Drainage Fund |
Public Works Capital Projects Fund |
$1,000,000 |
|
Total Transfers for Capital Projects |
|
|
$11,532,571 |
For questions or comments regarding this public notice, please contact the following individuals at 435-627-4000 or complete the comment form online at https://www.sgcity.org/contact/
Trevor A. Coombs, Administrative Services Director
Tiffany M. LaJoice, Finance Manager
Robert Myers, Budget & Financial Planning Manager