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Utah Geological Survey board hears finance update; outside funding surges and lapsing ceiling raised
Summary
UGS finance staff told the board the survey is on track for FY2026 after a turnaround in grant billing and collections, reporting $10.7M in year-to-date expenditures and projecting $4.5M+ in outside funding collections; the board discussed carryforward, restricted-account management and staffing risks.
The Utah Geological Survey Board on April 15 received a detailed finance briefing showing the agencys budget stabilized after earlier revenue shortfalls and a strong year-to-date run on outside funding.
Lynn Seymour, the surveys finance manager, told board members the funding architecture for fiscal 2026 includes roughly $8.9 million in general-fund support and substantial supplementing revenue from restricted accounts and outside funding. "All of that component making up the operating budget for the survey," Seymour said, noting the surveys total operating budget combines fixed funding ($12,230,000) and outside funding ($6,270,000). She reported year-to-date expenditures of about $10.7 million as of April 10 and outside…
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