PUBLIC NOTICE

 

IN ACCORDANCE WITH UTAH CODE 10-6-135.5, NOTICE IS HEREBY GIVEN THAT THE CITY COUNCIL OF HILDALE, UTAH WILL HOLD AN ENTERPRISE FUND HEARING ON WEDNESDAY, OCTOBER 2, 2019 AT THE HILDALE CITY HALL, 320 EAST NEWEL AVENUE, HILDALE, UTAH, COMMENCING AT 7:00 P.M.

 

HILDALE CITY INTENDS TO TRANSFER MONEY IN ENTERPRISE FUNDS TO ANOTHER FUND.  SPECIFICALLY, $10,000.00 WILL BE TRANSFERRED FROM THE GAS DEPARTMENT ENTERPRISE FUND, WHICH REPRESENTS .007% OF TOTAL GAS DEPARTMENT EXPENDITURES, AND $10,000.00 WILL BE TRANSFERRED FROM THE WASTEWATER DEPARTMENT ENTERPRISE FUND, WHICH REPRESENTS .005% OF TOTAL WASTEWATER DEPARTMENT EXPENDITURES.  THESE TRANSFERS WILL GO TO THE FIBER DEPARTMENT TO FUND INITIAL EXPENSES, INCLUDING ADDING AND IMPROVING NETWORK INFRASTRUCTURE, ACQUIRING NEEDED EQUIPMENT, AND OBTAINING LEGAL AND ENGINEERING SERVICES.

 

THIS ENTERPRISE FUND HEARING WILL BE HELD AS A SEPARATE AND INDEPENDENT HEARING PRIOR TO ADOPTION OF AN AMENDMENT TO THE BUDGET.  THE CITY COUNCIL WILL EXPLAIN THE INTENDED TRANSFER OF ENTERPRISE FUND MONEY, PROVIDE ENTERPRISE FUND ACCOUNTING DATA TO THE PUBLIC, AND ALLOW MEMBERS OF THE PUBLIC IN ATTENDANCE TO COMMENT ON THE TRANSFER AND/OR THE ENTERPRISE FUND ACCOUNTING DATA.