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Council reviews FY26 budget amendment; public hearing closed, vote scheduled for Oct. 3
Summary
Staff presented multiple FY26 budget adjustments Sept. 18 — increased county grant recognition, higher Sequoia Development payment, UDOT sidewalk and Highland Drive transfers, ARPA reappropriation for Spring Lane and City Hall — and the council closed the public hearing with a vote set for Oct. 3.
City finance staff presented the first amendment to the fiscal year 2026 budget at the Sept. 18 Holiday City Council meeting, outlining several revenue and expenditure adjustments and transfers tied to grant receipts and capital projects.
Staff said the general fund will recognize additional Salt Lake County Health Department grant revenue connected to the "Happy Healthy Holiday" program and planned spending of prior-year grant dollars. Expenditures include an increase to a payment to the Sequoia Development Group (from $46,000 to $50,000) under an agreed sales-tax sharing arrangement for the Millrock development area. Finance staff also said the city will make the final balloon payment on a prior $450,000 interest-free hotel loan from Salt Lake County.
In the grants fund, an energy-efficiency HVAC grant was increased by $43,000; staff said there is a transfer of $261,000 from the capital projects fund into the grants fund to cover Highland Drive Complete Streets work tied to a UDOT-managed project. Staff clarified that of the $267,000 shown for a 45th South sidewalk extension, $200,000 is a UDOT grant and $67,000 will be the city's match, moved from capital projects to grants as a transfer.
For capital projects, staff described $1,800,000 of previously received federal dollars (previously attributed to police services) being reappropriated, plus an additional $4,000,000 transfer from unrestricted fund balance, giving roughly $5.8 million recognized for Spring Lane and City Hall work. "We have a $1,800,000 appropriation of fund balance," staff said, noting the complexity of reassigning previously restricted ARPA funds.
The council opened and then closed the public hearing on the budget amendments after hearing no public testimony; the item is expected to return for a vote at the Oct. 3 council meeting.
