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Finance Department Public Notice
FY 2019 Approved transfers from other funds

Friday, July 13,2018



 

Notice of Adoption of Fiscal Year 2018-2019 Budget Transfers from Enterprise Funds

Purpose:              Notification of adoption of the proposed fiscal year 2018-2019 budget and transfers from Enterprise (Business-type) Funds to Other Funds.

 

Background:       The City of St. George, Utah held its public hearings on June 7, 2018 to review and take public comment regarding the proposed fiscal year 2018-2019 budget and transfers from Enterprise (Business-type) Funds to Other Funds and the Council approved the adoption of the transfers 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 with other funds. The total capital projects’ 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 2018-2019, the transfers are budgeted as follows:

 

Fund

Transfers for Administrative and Overhead

Transfers of Costs Not Associated to the Enterprise Fund

Transfers for Capital Projects

Percent of Enterprise Fund’s Expenditure Budget

Electric Fund

$2,150,000

$ 0

$ 0

3.1%

Water Fund

$1,400,000

$ 0

$ 0

4.4%

Wastewater Collection

$   550,000

$ 0

$ 0

6.7%

Regional Wastewater Treatment

$   850,000

$ 0

$ 0

3.2%

Refuse Collection

$  310,000

$ 0

$ 0

5.7%

Drainage Fund

$   165,000

$ 0

$2,430,000

98.7%

     Total to the General Fund

$5,425,000

$ 0

 

 

     Total to Other Funds

 

 

$2,430,000

 

 

 

 

 

 

Transfers for specific capital projects from an enterprise fund in fiscal year 2018-2019 are budgeted as follows:

 

Specific Capital Project

Enterprise Fund

Fund Receiving Transfer

Budgeted Transfer

Main Street Drainage Basin Laterals

Drainage Fund

Public Works Capital Projects Fund

$500,000

Culvert Replacement at 540 N./Dixie Dr.

Drainage Fund

Public Works Capital Projects Fund

$600,000

1130 N. Drainage Improvements

Drainage Fund

Public Works Capital Projects Fund

$500,000

Fort Pierce Wash Maintenance

Drainage Fund

Public Works Capital Projects Fund

$  50,000

Van Con Equipment for Stormwater Maintenance Program to comply with the Clean Water Act

Drainage Fund

General Fund

$500,000

Street Sweeper Equipment for Stormwater Maint. Program to comply with the Clean Water Act

Drainage Fund

General Fund

$280,000

            Total Transfers for Capital Projects

 

 

$2,430,000

 

 

For questions or comments regarding this public notice, please contact the following individuals in the Administrative Services Department at 435-627-4000 or click here to email.

 

Trevor Coombs, Administrative Services Director

Tiffany M LaJoice, Finance Manager

Deanna Brklacich, Budget and Financial Planning Manager