Transmittal - 4/30/2024
MARY BETH THOMPSON
Chief Financial Officer
ERIN MENDENHALL
Mayor
DEPARTMENT OF FINANCE
POLICY AND BUDGET DIVISION
451 SOUTH STATE STREET, ROOM 238
PO BOX 145467, SALT LAKE CITY, UTAH 84114-5455 TEL 801-535-6394
CITY COUNCIL TRANSMITTAL
___________________________________ Date Received: ________________
Rachel Otto, Chief of Staff Date sent to Council: ___________
______________________________________________________________________________
TO: Salt Lake City Council DATE: April 30, 2024
Victoria Petro, Chair
FROM: Mary Beth Thompson, Chief Financial Officer
SUBJECT: Salt Lake City Library Budget Amendment #3
SPONSOR: NA
STAFF CONTACT: Greg Cleary, Budget Director (801) 535-6394 or
Mary Beth Thompson (801) 535-6403
DOCUMENT TYPE: Budget Amendment Ordinance
RECOMMENDATION: The Administration recommends that, subsequent to a public hearing,
the City Council adopt the following amendments to the FY 2023-24 Library Fund adopted
budget.
BUDGET IMPACT:
REVENUE EXPENSE
LIBRARY FUND $ 2,893,769.00 $ 2,893,769.00
TOTAL $ 2,893,769.00 $ 2,893,769.00
April Patterson (Apr 30, 2024 06:56 MDT)
April Patterson
4/30/2024
4/30/2024
ra #el otto (Apr 30, 2024 0ц:53 MDT)
BACKGROUND/DISCUSSION:
Library Administration is requesting a $2,893,769 increase to the FY2023-24 Library budget.
This increase is required to budget and account for pass-through property tax revenue collected
by Salt Lake County and remitted directly to the Utah Inland Port Authority and the Convention
Center Hotel pass through funds.
Additional detail is outlined in the attached memo.
PUBLIC PROCESS: Public Hearing
SALT LAKE CITY ORDINANCE
No. ______ of 2024
(Third Amendment to the Final Budget for the Library Fund of
Salt Lake City, Utah for Fiscal Year 2023-24)
An ordinance amending Salt Lake City Ordinance No. 28 of 2023, which adopted the
final budget for the Library fund of Salt Lake City, Utah, for the fiscal year beginning July 1,
2023 and ending June 30, 2024.
PREAMBLE
On June 13, 2023, the Salt Lake City Council adopted the final budget for the Library
fund of Salt Lake City, Utah for the fiscal year beginning July 1, 2023 and ending June 30, 2024,
in accordance with the requirements of Section 10-6-118 of the Utah Code.
The City’s 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.
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 final budget for
the Library fund of Salt Lake City as approved, ratified and finalized by Salt Lake City
Ordinance No. 28 of 2023.
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 for the Library fund of Salt Lake City, Utah for the fiscal year beginning July 1, 2023
and ending June 30, 2024, in accordance with the requirements of Section 10-6-128, of the Utah
Code.
2
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.
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 _____ day of _______________,
2024.
________________________
CHAIRPERSON
ATTEST:
______________________________
CITY RECORDER
Transmitted to the Mayor on __________________
Mayor’s Action: ____ Approved ____ Vetoed
_________________________
MAYOR
ATTEST:
_______________________________
CITY RECORDER
(SEAL)
Bill No. _________ of 2024.
Published: ___________________.
Salt Lake City Attorney’s Office
Approved As To Form
_________________________
Jaysen Oldroyd
MEMO | April 22, 2024
To: Salt Lake City Library Board of Directors
Salt Lake City Council
From: Noah Baskett, Executive Director
Re: Library Budget Amendment 3 for FY2023-24
The Library’s FY2023-24 budget includes an estimate of revenue and expenditure accounts for the
Inland Port and Convention Center Hotel pass through funds. Along with various other entities, the
Library is required by State law to account for these funds that are never actually deposited into the
Library’s accounts. The FY23 budget amounts for these offsetting revenues and expenditures were
$600,000, while the actual amount of the pass through was $987,705. In FY24, $800,000 was budgeted
for the pass through and the Library has now received notice that the actual amount is $1,557,572. In
March, the Board of Directors approved a budget amendment to address this Inland Port and
Convention Center Hotel pass through.
In addition, staff has recently determined that another pass through exists to fund the Community
Reinvestment Agency. The revenue and expenditure assessed to the Library for this pass through in
FY24 is $2,136,197.
These amounts will require a budget amendment increasing the Library’s General Fund budget by
$2,893,769, as outlined in the table below:
Account Name Current Budget
Amount
Proposed Budget
Amount
Difference
Funding Source
Property Taxes-Pass Through 800,000 3,693,769 2,893,769
Totals $800,000 $3,693,769 $2,893,769
Expenditures
Payments to Other
Governments 800,000 3,693,769 2,893,769
Totals $800,000 $3,693,769 $2,893,769
The net impact of this adjustment is zero as the expenditure increase is offset by the increase in
revenue. Library staff is actively working with the City’s Finance Department to forecast and align our
budgets for the pass through revenue in the future.
Recommended Motion:
Move to approve an increase in the Library’s FY24 General Fund budget of $2,893,769, inclusive of the
prior approval for an increase of $757,572.