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Santaquin CDR approves fiscal-year crossover amendment; no new projects added
Summary
Acting as the Community Development Renewal Agency, Santaquin approved a crossover budget amendment to reconcile revenues and expenditures across fiscal years; staff said there were no new projects, just timing adjustments.
The Santaquin City Council convened as the Community Development Renewal Agency (CDR) during its June 30 meeting and approved a budget amendment described as a fiscal-year crossover. Staff said the amendment does not add new projects but moves revenues and expenditures between fiscal years so accounting and project records match actual spending.
The council moved and seconded to open and close the required public hearing for the CDR item (no members of the public spoke), then voted to adopt the amendment on roll call. Members present recorded affirmative votes and the motion passed.
Agency staff said the crossover corrects timing differences and that the CDR will track the revenue and expenditure adjustments consistent with prior reporting. The board reconvened as the city council and adjourned the meeting later in the evening.
