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Council hears budget amendments: fire reimbursement, Mountain Health donation, asset forfeiture, power fund bond proceeds
Summary
Staff outlined proposed FY2024–25 budget openings to record a $229,845 fire reimbursement, a $15,000 parks donation from Mountain Health, $36,689 in asset forfeiture revenue for police equipment, and $19,090,000 in power‑fund bond proceeds; the amendments will appear at the public hearing on June 17.
Murray City staff on June 3 described several proposed FY2024–25 budget openings that would record reimbursements and one large bond issuance in the power fund.
The finance presentation said the city received $229,845 in reimbursement tied to a fire deployment (rent and reimbursements for a fire engine and personnel). Staff proposed allocating $213,007.69 to fire salaries, benefits, travel and vehicle maintenance and transferring about $16,000 to the capital-improvement program (CIP) fund for future fire equipment.
Staff also proposed increasing general-fund donation revenue by $15,000 from Mountain Health for parks marketing expenses tied to a local campaign, and adding $36,689 in asset‑forfeiture revenue to pay for police equipment and onboarding expenses. As the presenter noted, state and federal rules restrict use of forfeiture money; the city plans to use the funds for equipment that supplements, not supplants, ordinary operating budgets.
In the power fund, staff described a private‑placement bond issuance that would bring in $19,090,000 in proceeds, with $90,000 allocated to bond issuance costs, $3,600,000 to infrastructure work related to a turbine rebuild, and the remainder to reserves that will be drawn down for projects next year. The presenter compared the $90,000 issuance cost favorably with a prior public sale that cost more in issuance fees.
Staff said these budget openings will be published and come before the council with a public hearing on June 17 for formal action; no final council vote occurred June 3.
