Utah Statutes
§ 10-5-114 — Appropriations limited to estimated revenue.
(1)The council may not make any appropriation in the final budget of any fund in excess of the estimated expendable revenue for the budget year of such fund.
(2)If there is a deficit fund balance in a fund at the close of the last completed fiscal year, the council shall include an item of appropriation for the deficit in the current budget of the fund equal to:
(2)(a) at least 5% of the total revenue of the fund in the last completed fiscal year; or
(2)(b) if the deficit is equal to less than 5% of the total revenue of the fund in the last completed fiscal year, the entire amount of the deficit.
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Legislative History
Amended by Chapter 353, 2016 General Session
Nearby Sections
15
§ 10-1-103
Construction.§ 10-1-104
Definitions.§ 10-1-105
No changes intended.§ 10-1-106
Scope of title.§ 10-1-107
Municipalities.§ 10-1-109
Saving clause.§ 10-1-111
Existing indebtedness.§ 10-1-113
Severability clause.§ 10-1-118
Changing the name of a municipality.