103 of 1986 - Adopting Final General Fund Budget Fiscal Year 1986/1987 R 86-1
B 86-11 and
B 86-9
RESOLUTION NO. 103 OF 1986
RESOLUTION ADOPTING FINAL GENERAL FUND
BUDGET OF SALT LAKE CITY, UTAH
FOR THE FISCAL YEAR BEGINNING
JULY 1, 1986 AND ENDING JUNE 30, 1987
WHEREAS, pursuant to Sections 10-6-133 ( 1) and 59-9-7 of the
Utah Code Annotated , ( 1953 as amended) , the Salt Lake City
Council held a public hearing on June 10, 1986 to consider the
proposed budget and tax levy on the real and personal property in
Salt Lake City for the year 1986-87; and
WHEREAS, the Council proposed a levy upon all real and
personal property within Salt Lake City , made taxable by law in
the year 1986, for the fiscal year of Salt Lake City ending June
30, 1987, a tax of . 005120 percent on each dollar of taxable
valuation of said property , apportioned as follows :
( a) .004370 percent credited as revenue in the general
fund; and
( b) . 000750 percent credited as revenue in the special
library fund; and
WHEREAS, the proposed tax levy for the general fund exceeded
the certified tax rate by . 000409 percentage points ; and
WHEREAS, the proposed tax levy for the library fund did not
exceed the certified tax rate ; and
WHEREAS, the Council adopted the proposed tax levy for the
library fund at the public hearing on June 10, 1986 since the
proposed tax did not exceed the certified tax rate; and
WHEREAS, pursuant to Section 59-5-6 of the Utah Code
Annotated ( 1953 as amended) , the Salt Lake County Auditor was
notified of the intent to exceed the certified tax rate for the
general fund and the amount by which Salt Lake City proposed to
exceed said rate; and
WHEREAS, the Council on June 10 , 1986 resolved that it would
hold a public hearing on August 7, 1986 at the hour of 6: 00
o ' clock p.m . in the City Council Chambers, City & County
Buildinq, Salt Lake City, Utah for the purpose of hearing
comments regarding the proposed tax increase and to discuss the
reasons for the proposed increase ; and
WHEREAS, pursuant to Section 59-9-15 of the Utah Code
Annotated ( 1953, as amended) , Salt Lake City advertised its
intent to exceed the certified tax rate for the general fund and
to adopt the final budget at a public hearing on August 7,
1986. Said advertisement was published in a newspaper of general
circulation in Salt Lake County, Utah once each week for two
weeks preceding the meeting set for August 7, 1986; and
WHEREAS, on August 7, 1986, pursuant to the required notice ,
the Council heard comments concerning the proposed tax increase
and presented the reasons for the increase .
NOW , THEREFORE, be it resolved by the City Council of Salt
Lake City, Utah as follows :
1 . The budget for the general fund as submitted to the Salt
Lake City Council on June 10, 1986, and August 7, 1986, be , and
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is hereby adopted for the fiscal year beginning July 1 , 1986 and
ending June 30, 1987 in accordance with the requirements of
Section 118 of Chapter 6, Title 10 Utah Code Annotated (1953 as
amended) subject to the right to amend the budget pursuant to
Section 10-6-119 of the Utah Code Annotated (1953 as amended) .
2. For purposes of defraying the necessary and proper
expenses of Salt Lake City and for maintaining the government
thereof, the proposed tax levy on all real and personal property
within Salt Lake City , made taxable by law in the year 1986 for
the fiscal year of Salt Lake City ending June 30, 1987 of . 005120
percent on each dollar of taxable valuation of said property is
hereby adopted and that .004370 percent shall be credited as
revenue in the general fund amounting to budgeted property tax
revenues of $23, 270, 051.
3. That the Mayor, acting as budget officer, is hereby
authorized and directed to certify and file a copy of said
general fund budget, copies of the published notices for the
public hearing held on August 7, 1986 and a certified copy of
this resolution to Salt Lake County Auditor and the Utah State
Tax Commission pursuant to Section 59-9-16 of the Utah Code
Annotated (1953 as amended) .
Passed by the City Council of Salt Lake City , Utah, this 7th
day of August , 1986.
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SALT LAKE CITY COUNCIL
By
CHAIR SON
ATTEST:
CITY RECORDER
Approved by the Mayor this 7th day of August, 1986.
MAYOR
ATTEST:
APPROVE AS To F ►�,
CITY R r—T
DER gA.i.E
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