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ULCT board approves FY2026 first‑quarter financial report and check register; LAA funding shortfall noted
Summary
The ULCT board approved the FY2026 Q1 financial report and check register. Staff reported 67.5% of total revenue collected and explained a $270,000 draw on unrestricted reserves to meet the League’s reserve policy. Staff also outlined a $500,000 cut to the LAA state funding stream and use of restricted reserves to carry current programs.
The Utah League of Cities and Towns board approved the FY2026 first‑quarter financial report and check register following a staff presentation that summarized revenue and expense activity through the first quarter.
Staff reported that ULCT had collected about 67.5% of total budgeted revenue and roughly 84.1% of general revenue; membership dues…
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