079 of 1997 - Amending Salt Lake City Ordinance No. 41SALT LAKE CITY ORDINANCE
No. 79 of 1997
(Amending Salt Lake City Ordinance No. 41
of 1997 which adopted the Final Budget
for the Library Fund of Salt Lake City, Utah
for Fiscal Year 1997-98)
AN ORDINANCE AMENDING SALT LAKE CITY ORDINANCE NO. 41
OF 1997 WHICH APPROVED, RATIFIED AND FINALIZED THE BUDGET FOR
THE LIBRARY FUND OF SALT LAKE CITY, UTAH FOR THE FISCAL YEAR
BEGINNING JULY 1, 1997 AND ENDING JUNE 30, 1998.
PREAMBLE
On June 10, 1997, the Salt Lake City Council approved, ratified and
finalized the budget for the library fund of Salt Lake City, Utah for the fiscal
year beginning July 1, 1997 and ending June 30, 1998, in accordance with
the requirements of Section 1 18, Chapter 6, Title 10 of the Utah Code
Annotated, and said budget was approved by the Mayor of Salt Lake City,
Utah.
The City's Policy and Budget Director, acting as the City's Budget
Officer, prepared and filed with the City Recorder proposed amendments to
said duly adopted budget, copies of which are attached hereto, for
consideration by the City Council and inspection by the public.
The City Council fixed a time and place for a public hearing to be held
on November 18, 1997 to consider the attached proposed amendments to
the budget and ordered notice thereof be published as required by law.
Notice of said public hearing to consider the amendments to said
budget was duly published and a public hearing to consider the attached
amendments to said budget was held on November 18, 1997, in accordance
with said notice at which hearing all interested parties for and against the
budget amendment proposals were heard and all comments were duly
considered by the City Council.
All conditions precedent to amend said budget have been
accomplished.
Be it ordained by the City Council of Salt Lake City, Utah:
SECTION 1. PURPOSE. The purpose of this Ordinance is to amend
the budget for the library fund of Salt Lake City as approved, ratified and
finalized by Salt Lake City Ordinance No. 41 of 1997.
SECTION 2. ADOPTION OF AMENDMENTS. The budget
amendments, attached hereto and made a part of this Ordinance shall be,
and the same hereby are adopted and incorporated into the budget of Salt
Lake City, Utah for the fiscal year beginning July 1, 1997 and ending June
30, 1998, in accordance with the requirements of Section 128, Chapter 6,
Title 10, of the Utah Code Annotated.
SECTION 3. CERTIFICATION TO UTAH STATE AUDITOR. The City's
Policy and Budget Director, acting as the City's Budget Officer, is authorized
and directed to certify and file a copy of said budget amendments with the
Utah State Auditor.
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SECTION 4. FILING OF COPIES OF THE BUDGET AMENDMENTS.
The said Budget Officer is authorized and directed to certify and file a copy
of said budget amendments in the office of said Budget Officer and in the
office of the City Recorder which amendments shall be available for public
inspection.
SECTION 5. EFFECTIVE DATE. This Ordinance shall take effect on its
first publication.
Passed by the City Council of Salt Lake City, Utah, this 18th day of
November , 1997.
ATTEST:
F DEF�CJT)'-CITY RECORDER
Transmitted to the Mayor on November 18, 1997.
Mayor's Action: XX Approved.
Vetoed.
MAYOR
At-I-U E)AlYC)IORIp
Sell-11kt-) City Atttorrney's Oif
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ATTEST:
Y CITY RECORDER
R ATV,
Bill No. 79 of 1997.
Published: NOV. 26 ) 1997 •
ATTORNEY\ORDINA97\Amending library budget.doc
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Issues in Library Budget Amendment - November 1997
1, Adjusted Revenue and Expense Projections $ 122,108
The adjustment necessary to amend the budget is as follows:
FUND
CURRENT BUDGET
AMOUNT OF CHANGE
AMENDED BUDGET
Sources
Uses
Sources
Uses
Sources
Uses
Library
Property
Tax
Revenue
All
Other
Revenue
Oper.
Contin-
gency
All
Other
Expense
$8,069,957
$1,422,627
$152,917
$9,339,667
$122,108
$122,108
$8,192,065
$1,422,627
$275,025
$9,339,667
Total
$9,492,584
$9,492,584
$122,108
$122,108
$9,614,692
$9,614,692
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Issue Request #1- Adjusted Revenue and Expense Projections
$ 122,108 change in property tax revenue and operating expenses
The City should revise the Salt Lake City Library's budget to accurately reflect
the anticipated revenues for 1997-1998, and increase the budget in operating
contingency by the same amount.
When the Salt Lake City Public Library budget was prepared and approved, the
certified tax rate had not yet been finalized. The final certified rate was
determined in August and is needed to accurately predict the revenue that will be
received. In order to use the revenue, the funds must be allocated and budgeted
in the approved or amended budget. For the FY 1997-98 budget, the anticipated
revenues of $7,125,844 are $122,108 higher than anticipated. The Salt Lake
City Library Board respectfully requests that the total revised revenue estimate
from general property taxes of $8,192,065 be approved, and the contingency
fund for operating expenses be increased by $122,108. The attachment provides
additional information regarding these changes.
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