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Provo Stormwater Service District tentatively adopts $6.0 million FY2026 budget; finance staff to correct accounting entry

3340493 · May 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Provo Stormwater Service District governing board tentatively adopted a $6,000,209.04 budget for FY2026. Councilors raised questions about an appearing negative ending fund balance; staff said an accounting error will be corrected and projected the FY2026 ending balance to be positive.

The Provo Stormwater Service District governing board on Monday tentatively adopted a proposed FY2026 budget showing a tentative total of about $6,000,209.04 and set two public hearings for June 3 and June 17.

Administrative Services Director John Borgett presented the tentative budget and explained where to find the document on the city website. Councilors asked whether the stormwater enterprise showed a…

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