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Utah Geological Survey projects year-end reserve after strong outside-funding growth
Summary
UGS reported year-to-date expenditures of $10.7M and outside funding built of $3.54M (collections $2.93M), raised a lapsing ceiling to $3.65M to preserve multi-year building-block funds, and forecasted a base-case year-end unexpended balance of about $2.4M.
The Utah Geological Survey reported financial results to its board on April 15 showing a stronger-than-expected outside-funding performance and a forecasted year-end balance.
Lynn Seymour, UGS' new finance manager, told the board the survey's fixed funding (general fund and one-time general fund) for fiscal 2026 is roughly $8.9 million and that total operating authority, including restricted accounts, is about $12.23 million. "The general fund ... for the fiscal year 2026 which start from July 1st until June 30th of…
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