HomeMy WebLinkAbout002 of 2022 - Budget for Capital Projects Fund of the Local Building Authority of Salt Lake City FY 2022-231
Resolution No. 02 of 2022
(Adopting the Final Budget for the Capital Projects Fund of the Local Building Authority
of Salt Lake City, Utah for Fiscal Year 2022-2023)
PREAMBLE
WHEREAS, the Salt Lake City Council has created the Local Building Authority of Salt
Lake City, Utah (the “Building Authority”), and has appointed Mary Beth Thompson as the
Budget Officer of the Building Authority (the “Budget Officer”); and
WHEREAS, the Budget Officer previously filed with the Board of Directors (the
“Board”) of the Building Authority a tentative budget for the capital projects fund of the
Building Authority (the Building Authority not having any operational expenses and therefore no
need for an operating budget); and
WHEREAS, on May 3, 2022, the Board adopted the tentative budget by Resolution No. 1
of 2022; and
WHEREAS, the tentative budget adopted by the Board and all supporting schedules and
data was a public record in the office of the Secretary of the Building Authority, available for
public inspection for a period of at least ten days before the adoption of the final budget; and
WHEREAS, following due notice of a public hearing given at least seven days before the
hearing (a) by posting in three public places within Salt Lake City, Utah and (b) by publishing on
the Utah Public Notice Website, at its May 17, 2022, and June 7, 2022 meetings, the Board held
a public hearing on the budget tentatively adopted, at which hearing all interested persons in
attendance or connected remotely were given an opportunity to be heard on the estimates of
revenues and expenditures or any item in the tentative budget.
NOW, THEREFORE, be it resolved by the Board of Directors of the Local Building
Authority of Salt Lake City, Utah, as follows:
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1. The purpose of this resolution is to adopt a final budget for the capital projects
fund of the Building Authority for fiscal year 2022-2023. All conditions precedent to the
adoption of the final budget have been accomplished.
2. The budget attached hereto and made a part of this resolution shall be, and the
same hereby is adopted as, the final budget for the capital projects fund of the Building Authority
for the remainder of the fiscal year 2022-2023, in accordance with the Fiscal Procedures for
Local Districts Act, Utah Code Title 17B, Chapter 1, Part 6.
3. The Budget Officer is hereby authorized and directed to certify and file a copy of
said final budget in the office of the Secretary of the Building Authority, whose office is located
at 451 South State Street, Room 415, Salt Lake City, UT 84111, as required by Utah Code
Section 17B-1-615. Said final budget shall be available to the public for inspection during
regular business hours.
4. The Budget Officer is hereby authorized and directed to certify and file a copy of
said final budget with the State Auditor as required by Utah Code Section 17B-1-614 within 30
days after its adoption.
5. This Resolution shall take effect immediately upon its approval and adoption.
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Passed by the Board of Directors of the Local Building Authority of Salt Lake City, Utah,
this 14th day of June , 2022.
Dan Dugan, LBA President
ATTEST:
SECRETARY
APPROVED AS TO FORM
___________________
Katherine Lewis, City Attorney
Katherine Lewis (Jun 15, 2022 15:41 MDT)
Jun 15, 2022
Dan Dugan (Jun 16, 2022 08:49 MDT)
Dan Dugan
Cindy Trishman (Jun 27, 2022 12:34 MDT)
(LBA) Resolution 2 of 2022 Budget for Capital
Projects Fund of the Local Building Authority of
Salt Lake City FY 2022-23
Final Audit Report 2022-06-27
Created:2022-06-15
By:Thais Stewart (thais.stewart@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAAZU4MP7SjkMQdsDteX2_4rfgBHBiMUUyD
"(LBA) Resolution 2 of 2022 Budget for Capital Projects Fund of
the Local Building Authority of Salt Lake City FY 2022-23" Histor
y
Document created by Thais Stewart (thais.stewart@slcgov.com)
2022-06-15 - 9:22:04 PM GMT
Document emailed to Katherine Lewis (katherine.lewis@slcgov.com) for signature
2022-06-15 - 9:23:03 PM GMT
Email viewed by Katherine Lewis (katherine.lewis@slcgov.com)
2022-06-15 - 9:41:20 PM GMT
Document e-signed by Katherine Lewis (katherine.lewis@slcgov.com)
Signature Date: 2022-06-15 - 9:41:34 PM GMT - Time Source: server
Document emailed to daniel.dugan@slcgov.com for signature
2022-06-15 - 9:41:36 PM GMT
Email viewed by daniel.dugan@slcgov.com
2022-06-16 - 2:49:38 PM GMT
Document e-signed by Dan Dugan (daniel.dugan@slcgov.com)
Signature Date: 2022-06-16 - 2:49:56 PM GMT - Time Source: server
Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature
2022-06-16 - 2:49:58 PM GMT
Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com)
Signature Date: 2022-06-27 - 6:34:02 PM GMT - Time Source: server
Agreement completed.
2022-06-27 - 6:34:02 PM GMT
FY2022
Adopted
Budget
Full Time
Equivalent Changes from FY2021 Budget FY2023
Budget
Local Building Authority (FC66)
Revenue and Other Sources
FY2022 Beginning Balance 2,220,925
Change in Building Lease Revenue (363,350)
Change in Transfers In 189,892
Appropriation of Cash (192,142)
Total Revenues and Other Sources Budget (365,600)1,855,325
Expenses and Other Uses
FY2023 Beginning Balance 2,220,925
Change in Debt Service (365,600)
Change in Project Costs
Total Expenditures and Other Uses Budget (365,600)1,855,325
Budgeted revenues and other sources over
(under) expenditures and other uses 00
LBA KEY CHANGES
ISSUE