Utah Code 11-70-701. Annual fairpark district budget — Fiscal year — Public hearing and notice required — Auditor forms
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(1) The fairpark district shall prepare and the board adopt an annual budget of revenues and expenditures for the fairpark district for each fiscal year.
Terms Used In Utah Code 11-70-701
- Board: means the fairpark district's governing body, created in Section
11-70-301 . See Utah Code 11-70-101 - Fairpark district: means the Utah Fairpark Area Investment and Restoration District, created in Section
11-70-201 . See Utah Code 11-70-101 - Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) Each annual fairpark district budget shall be adopted before June 22.
(3) The fairpark district’s fiscal year shall be the period from July 1 to the following June 30.
(4)
(4)(a) Before adopting an annual budget, the fairpark district board shall hold a public hearing on the annual budget.
(4)(b) The fairpark district shall provide notice of the public hearing on the annual budget by publishing notice as a class A notice under Section 63G-30-102 for at least one week before the public hearing.
(4)(c) The fairpark district shall make the annual budget available for public inspection at least three days before the date of the public hearing.
(5) The state auditor shall prescribe the budget forms and the categories to be contained in each fairpark district budget, including:
(5)(a) revenues and expenditures for the budget year; and
(5)(b) administrative costs, including legal fees, rent, supplies, and other materials, and salaries of fairpark district personnel.