17-36-9 - Budget -- Financial plan -- Contents -- Municipal services and capital projects funds.
17-36-9. Budget -- Financial plan -- Contents -- Municipal services and capitalprojects funds.
(1) (a) The budget for each fund shall provide a complete financial plan for the budgetperiod and shall contain in tabular form classified by the account titles as required by the uniformsystem of budgeting, accounting, and reporting:
(i) estimates of all anticipated revenues;
(ii) all appropriations for expenditures; and
(iii) any additional data required by Section 17-36-10 or by the uniform system ofbudgeting, accounting, and reporting.
(b) The total of appropriated expenditures shall be equal to the total of anticipatedrevenues.
(2) (a) Each first-, second-, and third-class county that provides municipal-type servicesunder Section 17-34-1 shall:
(i) establish a special revenue fund, "Municipal Services Fund," and a capital projectsfund, "Municipal Capital Projects Fund," or establish a local district or special service district toprovide municipal services; and
(ii) budget appropriations for municipal services and municipal capital projects fromthese funds.
(b) The Municipal Services Fund is subject to the same budgetary requirements as thecounty's general fund.
(c) (i) Except as provided in Subsection (2)(c)(ii), the county may deposit revenuederived from any taxes otherwise authorized by law, income derived from the investment ofmoney contained within the municipal services fund and the municipal capital projects fund, theappropriate portion of federal money, and fees collected into a municipal services fund and amunicipal capital projects fund.
(ii) The county may not deposit revenue derived from a fee, tax, or other source basedupon a countywide assessment or from a countywide service or function into a municipalservices fund or a municipal capital projects fund.
(d) The maximum accumulated unappropriated surplus in the municipal services fund, asdetermined prior to adoption of the tentative budget, may not exceed an amount equal to the totalestimated revenues of the current fiscal period.
Amended by Chapter 329, 2007 General Session