Notice of Enterprise Funds Transfers

NOTICE OF ENTERPRISE FUNDS TRANSFERS

 

Because it is the policy of Levan Town not to charge the General Fund for the Town’s utility usage, these charges are transferred back to the General Fund from the respective Utility Fund.  This information is for the 2017-2018 FY.

 

ELECTRIC FUND transfer to the General Fund:

$6,750                        This represents 1.7% of the funds expenditures.

WATER FUND transfer to the General Fund:

$4,000                        This represents 3.5% of the fund’s expenditures.

CABLE/LINT FUND transfer to the General Fund:

$450                             This represents  .6% of the fund’s expenditures.

 

NOTICE:

In compliance with HB 164 – Municipal Enterprise Fund Amendments, the Levan Town Council will hold a Public Hearing on June 14, 2017 at 6:30 P.M. in the Council Chambers at Levan Town Hall, 20 N. Main, for the purpose of taking public comment on the Enterprise Funds transfer to the General Fund.