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Council adopts FY2026 budget and approves FY2025 revisions and fund‑balance policy change
Summary
After a public hearing and staff review, the council voted unanimously to adopt the FY2026 municipal budget, approve final revisions to FY2025, and pass a resolution to allow excess general‑fund balances above 10% to be transferred to capital after audit.
The North Logan City Council approved a package of budget measures on June 18 that included final revisions to the fiscal‑year 2025 municipal budget, a resolution authorizing transfer of any general‑fund balance above 10% (after audit) to the capital fund, and adoption of the fiscal‑year 2026 municipal budget.
Alan (city finance/staff) summarized revisions since the council’s prior review. Revisions addressed higher than anticipated building‑inspection revenue and expenses, COG (grant) project accounting for multiple streets projects, higher parks and library donations and digital‑content purchases, and adjustments related to the sale of the city office building. Alan noted stormwater and water infrastructure costs (including work on 2850 North) required small in‑department accounting changes.
Council approved a resolution to implement a mechanism that, if the audited general fund balance exceeds 10% of annual expenditures, allows transfer of the excess to the city’s capital fund. Staff said a partial reimbursement from BOR (reimbursement source discussed in staff remarks) would be used to replenish park impact fees that funded earlier work once the funds are formally received and accounted for.
Councilmember Emily moved to approve the FY2025 revisions; a subsequent motion (moved and seconded) approved the FY2026 budget. Later in the meeting council approved the separate resolution addressing the fund‑balance transfer after audit. All votes were unanimous by voice vote. Councilmembers asked staff to present quarterly financial charts and graphs in future meetings so the council and public can track finances more often than at annual budget hearings.
Council also discussed the state‑level ‘‘Tier 2’’ URS shortfall for employees in Tier 2 retirement and the city’s approach to cover the shortfall via modest wage adjustments; staff said the anticipated per‑employee dollar amounts were included in the budget worksheets.
