Murray City Corporation intends to transfer funds from the utility enterprise funds to the general fund as part of the Fiscal Year 2018 budget (July 1, 2018 – June 30, 2019). These funds will be used in supplementing City services. Estimated amounts to be transferred from utility enterprise funds to the general fund are as follows: Water Fund $500,215 or 6% of fund expenditures; Wastewater Fund $384,000 or 5.7% of fund expenditures; Power Fund $2,853,360 or 7.5% of fund expenditures; and Solid Waste Fund $132,000 or 7.7% of fund expenditures. Each amount represents 8% of each fund’s revenue, which percentage is unchanged from prior years.
The Murray City Council will hold a public enterprise fund hearing on June 5, 2018 at 6:30 p.m. in the Council Chambers at 5025 South State Street, Murray, Utah 84107, to receive public comment on the proposed enterprise fund transfers and comment on enterprise fund accounting data. Interested parties are invited to attend and make comment.