Utah § 10-5-113 Accumulation of retained earnings or fund balance -- Limit as to general fund -- Reserve for capital improvements.

Utah Statutes

§ 10-5-113 — Accumulation of retained earnings or fund balance -- Limit as to general fund -- Reserve for capital improvements.

Utah § 10-5-113

Title 10Utah Municipal Code

Ch. 10-5Uniform Fiscal Procedures Act for Utah Towns

This text of Utah § 10-5-113 (Accumulation of retained earnings or fund balance -- Limit as to general fund -- Reserve for capital improvements.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 10-5-113 (2026).

Text

(1)A town may accumulate retained earnings or fund balances, as appropriate, in any fund.

(2)The accumulation of a fund balance in the town general fund may not exceed 100% of the total revenue of the town general fund for the current fiscal period.

(3)(3)(a) The town council may, in a budget year, appropriate from estimated revenue or excess fund balance in the town general fund to a reserve for capital improvements:

(3)(a)(i) for the purpose of financing future specified capital improvements; and

(3)(a)(ii) in accordance with a formal long-range capital plan adopted by the governing body.

(3)(b) The reserves described in Subsection (3)(a) may accumulate from year to year in a capital improvements fund until the accumulated total is sufficient to permit economical expenditure for the s

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(1) A town may accumulate retained earnings or fund balances, as appropriate, in any fund.
(2) The accumulation of a fund balance in the town general fund may not exceed 100% of the total revenue of the town general fund for the current fiscal period.
(3) (3)(a) The town council may, in a budget year, appropriate from estimated revenue or excess fund balance in the town general fund to a reserve for capital improvements:
(3)(a)(i) for the purpose of financing future specified capital improvements; and
(3)(a)(ii) in accordance with a formal long-range capital plan adopted by the governing body.
(3)(b) The reserves described in Subsection (3)(a) may accumulate from year to year in a capital improvements fund until the accumulated total is sufficient to permit economical expenditure for the specified purposes.