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Council declines to move FY25 surplus into local disaster fund; instructs fund balance treatment instead
Summary
Budget staff presented the city's fiscal‑year 2025 carryover report Sept. 23 and recommended several routine carryovers. Council voted 7–0 not to appropriate the year‑end surplus into the state's local government disaster fund and instead to allow the surplus to increase general fund balance. Staff will complete audit year‑end close and report a
Provo budget staff presented the city’s fiscal‑year 2025 budget carryover report Sept. 23 and asked the council whether to place a portion of the FY25 surplus into Utah’s local government disaster fund or leave it in general fund balance.
Budget analyst Andrea Wright reviewed the carryover and year‑end process and said the city closed FY25 with an operating surplus. After accounting for carryovers and statutorily allowed allocations, Wright…
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