Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cottonwood Heights holds public hearing on tentative 2025-26 budget; officials outline revenues, debt service and planned transfers
Summary
City staff presented the tentative fiscal 2025-26 budget, detailing a $27.6 million revenue projection for the general fund, planned transfers and updated debt service after a recent bond sale. Council opened and closed the public hearing with no public comment submitted online.
Cottonwood Heights city staff reviewed the city’s tentative fiscal year 2025-26 budget during the June 3 business meeting, outlining projected revenues, expenditures, transfers and a revised debt service obligation after a recent bond sale.
Scott Georges, administrative and fiscal services director, told the council the general fund beginning balance is projected at about $6,500,000, revenue is expected to be $27,572,000 and expenditures just over $24,000,000. Transfers out were listed at $6,143,000, producing a budgeted ending fund balance of about $3,862,000 for the fiscal year, a net decrease of roughly $2,600,000 in the budgeted fund balance.
Georges also noted personnel changes in the tentative budget: a 2%…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
