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Council adopts final FY24 amendment and FY25–26 budget, certifies 0% city tax rate; approves utility accounting
Summary
Riverton City Council approved a final amended budget for fiscal 2024, adopted the fiscal 2025–26 budgets, approved the city's nonreciprocal utilities accounting and certified a 0% city property tax rate for 2025 during its meeting.
Riverton City Council on a series of roll-call votes finalized year-end accounting for fiscal 2024, adopted its fiscal 2025'26 budgets, approved a nonreciprocal utilities transaction report and certified a 0% city property tax rate for 2025.
The council approved a final amended budget for fiscal 2024 as required by state law, then adopted the city'wide budgets for fiscal year 2025'26. Council members also approved a routine nonreciprocal utilities transaction for the water enterprise fund'—an accounting action the city uses so city-owned enterprise activity is disclosed without actually moving cash between funds. Finally, the council certified the city's property tax rate at 0% for 2025, keeping no citywide property tax levy while still complying with state certification requirements.
City finance staff told the council that the nonreciprocal transaction is a bookkeeping step the state requires when an enterprise fund provides services to other city funds without charging an internal bill. As staff explained, the city continues to track water use and losses, separate reporting required by the state, and treats the nonreciprocal action as a disclosure rather than a cash transfer.
City staff also said updated county-certified valuation numbers improved the projected revenue outlook slightly compared with earlier drafts of the budget, reducing the anticipated use of fund balance. The council confirmed that the adopted FY25'26 budget includes funding for two additional police officers and that staff will submit letters of support for a federal COPS hiring grant focused on community-oriented policing.
Votes at a glance - Resolution 25-35: Adopt final amended budget for fiscal year 2024 — Approved (roll-call vote). - Resolution 25-36: Approve nonreciprocal utilities transactions for FY25'26 — Approved (roll-call vote). - Resolution 25-37: Adopt final budgets for FY25'26 — Approved (roll-call vote). - Resolution 25-38: Adopt the 2025 tax rate (city portion certified at 0%) — Approved (roll-call vote).
Council members made no substantive changes on the floor to the budget documents; staff said related line-item and entity budgets had been worked through during the budget process. The council set its next meeting for July 15, when staff will bring additional draft material related to capital and implementation timelines.
