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Price Council adopts final 2025–26 budget, keeps proposed $3.3M electric-to-general transfer
Summary
The council adopted the city's fiscal 2025–26 budget and approved a year-end budget revision; staff described a proposed $3.3 million electric fund transfer to the general fund and explained how the transfer is allocated between administrative reimbursements and a subsidy to general operations.
Price City Council approved the city’s final fiscal 2025–26 budget and a separate year‑end budget revision after public hearings. The council adopted Resolution Number 2025‑18 (final budget for the fiscal year ending June 30, 2026) and Resolution Number 2025‑16 (amending the revised budget for fiscal 2024–25) by unanimous voice votes.
During a separate enterprise fund transfer public hearing, city staff explained that the electric fund’s proposed transfer to the general fund for the coming year is $3,300,000, representing about 30% of the electric fund’s budgeted expenditures ($11,023,800). Staff said the transfer figure in the adopted budget remained unchanged…
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