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Council comfortable using fund balance for capital projects, targeting 25% General Fund balance
Summary
During an Aug. 5 work session, the South Ogden City Council signaled comfort with using General Fund balance to finance capital projects for FY2026, which would bring the Fund Balance down to roughly 25% of the General Fund.
Finance Director Peter Anjewierden briefed the Council on proposed FY2026 capital projects and displayed supporting visuals (Attachment A). After discussion, a majority of council members told staff they were comfortable using Fund Balance money to pay for capital projects in FY2026; the minutes state this approach would reduce the Fund Balance to about 25% of the General Fund.
Council members asked questions about trade-offs and allocations during the work session; the minutes do not record specific dollar amounts tied to each capital project in this review. Staff will carry the Council's guidance into the budget documents for formal adoption consideration.
