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First Substitute S.B. 84
7 LONG TITLE
8 General Description:
9 This bill modifies provisions related to impact fees.
10 Highlighted Provisions:
11 This bill:
12 . modifies the definition of "development approval" for public entities that may
13 develop without written authorization;
14 . modifies the definition of "public safety facility";
15 . repeals obsolete language;
16 . shortens from 14 to ten days the period of time before a public hearing date that a
17 notice of a capital facilities plan or amendment is required to be given;
18 . shortens from 14 to ten days the period of time before adoption of an impact fee
19 enactment that a local political subdivision is required to submit a copy of the
20 written impact fee analysis and applies that time period to a new requirement to
21 obtain a written certification;
22 . modifies impact fee reporting requirements;
23 . requires a local political subdivision to obtain a written certification from the person
24 or entity that prepares the written impact fee analysis and specifies the content of
25 that certification;
26 . shortens from 14 to ten days the period of time before a public hearing that a local
27 political subdivision and private entity is required to make a copy of the impact fee
28 enactment available and to mail a copy of the enactment; and
29 . modifies a provision restricting the imposition of an impact fee to pay for a public
30 safety facility.
31 Monies Appropriated in this Bill:
33 Other Special Clauses:
35 Utah Code Sections Affected:
37 10-5-129, as last amended by Laws of Utah 2006, Chapter 257
38 10-6-150, as last amended by Laws of Utah 2006, Chapter 257
39 11-36-102, as last amended by Laws of Utah 2008, Chapters 70 and 360
40 11-36-201, as last amended by Laws of Utah 2008, Chapters 70, 360, and 382
41 11-36-202, as last amended by Laws of Utah 2008, Chapter 70
42 11-36-301, as enacted by Laws of Utah 1995, First Special Session, Chapter 11
43 17-36-37, as last amended by Laws of Utah 2006, Chapter 257
44 17B-1-639, as renumbered and amended by Laws of Utah 2007, Chapter 329
46 Be it enacted by the Legislature of the state of Utah:
47 Section 1. Section 10-5-129 is amended to read:
48 10-5-129. Annual financial report.
49 (1) [
50 delegated person shall present to the council an annual financial report.
54 (2) The requirement under Subsection (1)[
55 be satisfied by an audit report or annual financial report of an independent auditor.
56 Section 2. Section 10-6-150 is amended to read:
57 10-6-150. Annual financial reports -- Independent audit reports.
58 (1) [
59 adopted a fiscal period that is a biennial period, within 180 days after both the mid-point and
60 the close of the fiscal period, the city recorder or other delegated person shall present to the
61 governing body an annual financial report prepared in conformity with generally accepted
62 accounting principles, as prescribed in the Uniform Accounting Manual for Utah Cities.
66 (2) (a) The requirement under Subsection (1)[
67 may be satisfied by presentation of the audit report furnished by the independent auditor, if the
68 financial statements included are appropriately prepared and reviewed with the governing body.
69 (b) Notwithstanding the acceptability of the audit report furnished by the independent
70 auditor in substitution for financial statements prepared by an officer of the city, the governing
71 body has the responsibility for those financial statements.
72 (c) The independent auditor has the responsibility of reporting whether the governing
73 body's financial statements are prepared in conformity with generally accepted accounting
75 (3) Copies of the annual financial report or the audit report furnished by the
76 independent auditor shall be filed with the state auditor and shall be filed as a public document
77 in the office of the city recorder.
78 Section 3. Section 11-36-102 is amended to read:
79 11-36-102. Definitions.
80 As used in this chapter:
81 (1) "Building permit fee" means the fees charged to enforce the uniform codes adopted
82 pursuant to Title 58, Chapter 56, Utah Uniform Building Standards Act, that are not greater
83 than the fees indicated in the appendix to the International Building Code.
84 (2) "Capital facilities plan" means the plan required by Section 11-36-201 .
85 (3) "Development activity" means any construction or expansion of a building,
86 structure, or use, any change in use of a building or structure, or any changes in the use of land
87 that creates additional demand and need for public facilities.
88 (4) "Development approval" means:
89 (a) except as provided in Subsection (4)(b), any written authorization from a local
90 political subdivision that authorizes the commencement of development activity[
91 (b) development activity, for a public entity that may develop without written
92 authorization from a local political subdivision.
93 (5) "Enactment" means:
94 (a) a municipal ordinance, for a municipality;
95 (b) a county ordinance, for a county; and
96 (c) a governing board resolution, for a local district, special service district, or private
98 (6) "Hookup fees" means reasonable fees, not in excess of the approximate average
99 costs to the political subdivision, for services provided for and directly attributable to the
100 connection to utility services, including gas, water, sewer, power, or other municipal, county,
101 local district, or special service district utility services.
102 (7) (a) "Impact fee" means a payment of money imposed upon development activity as
103 a condition of development approval.
104 (b) "Impact fee" does not mean a tax, a special assessment, a building permit fee, a
105 hookup fee, a fee for project improvements, or other reasonable permit or application fee.
106 (8) (a) "Local political subdivision" means a county, a municipality, a local district
107 under Title 17B, Limited Purpose Local Government Entities - Local Districts, or a special
108 service district under Title 17D, Chapter 1, Special Service District Act.
109 (b) "Local political subdivision" does not mean a school district, whose impact fee
110 activity is governed by Section 53A-20-100.5 .
111 (9) "Private entity" means an entity with private ownership that provides culinary water
112 that is required to be used as a condition of development.
113 (10) (a) "Project improvements" means site improvements and facilities that are:
114 (i) planned and designed to provide service for development resulting from a
115 development activity; and
116 (ii) necessary for the use and convenience of the occupants or users of development
117 resulting from a development activity.
118 (b) "Project improvements" does not mean system improvements.
119 (11) "Proportionate share" means the cost of public facility improvements that are
120 roughly proportionate and reasonably related to the service demands and needs of any
121 development activity.
122 (12) "Public facilities" means only the following capital facilities that have a life
123 expectancy of ten or more years and are owned or operated by or on behalf of a local political
124 subdivision or private entity:
125 (a) water rights and water supply, treatment, and distribution facilities;
126 (b) wastewater collection and treatment facilities;
127 (c) storm water, drainage, and flood control facilities;
128 (d) municipal power facilities;
129 (e) roadway facilities;
130 (f) parks, recreation facilities, open space, and trails; and
131 (g) public safety facilities.
132 (13) (a) "Public safety facility" means:
133 (i) a building constructed or leased to house police, fire, or other public safety entities;
135 (ii) a fire suppression vehicle [
136 of [
138 (b) "Public safety facility" does not mean a jail, prison, or other place of involuntary
140 (14) (a) "Roadway facilities" means streets or roads that have been designated on an
141 officially adopted subdivision plat, roadway plan, or general plan of a political subdivision,
142 together with all necessary appurtenances.
143 (b) "Roadway facilities" includes associated improvements to federal or state roadways
144 only when the associated improvements:
145 (i) are necessitated by the new development; and
146 (ii) are not funded by the state or federal government.
147 (c) "Roadway facilities" does not mean federal or state roadways.
148 (15) (a) "Service area" means a geographic area designated by a local political
149 subdivision on the basis of sound planning or engineering principles in which a defined set of
150 public facilities provide service within the area.
151 (b) "Service area" may include the entire local political subdivision.
152 (16) (a) "System improvements" means:
153 (i) existing public facilities that are designed to provide services to service areas within
154 the community at large; and
155 (ii) future public facilities identified in a capital facilities plan that are intended to
156 provide services to service areas within the community at large.
157 (b) "System improvements" does not mean project improvements.
158 Section 4. Section 11-36-201 is amended to read:
159 11-36-201. Impact fees -- Analysis -- Capital facilities plan -- Notice of plan --
160 Summary -- Exemptions.
161 (1) (a) Each local political subdivision and private entity shall comply with the
162 requirements of this chapter before establishing or modifying any impact fee.
163 (b) A local political subdivision may not:
164 (i) establish any new impact fees that are not authorized by this chapter; or
165 (ii) impose or charge any other fees as a condition of development approval unless
166 those fees are a reasonable charge for the service provided.
167 (c) [
168 subdivision shall [
175 requirements of this chapter.
176 (2) (a) Before imposing impact fees, each local political subdivision and private entity
177 shall, except as provided in Subsection (2)(f), prepare a capital facilities plan.
178 (b) (i) As used in this Subsection (2)(b):
179 (A) (I) "Affected entity" means each county, municipality, local district under Title
180 17B, Limited Purpose Local Government Entities - Local Districts, special service district
181 under Title 17D, Chapter 1, Special Service District Act, school district, interlocal cooperation
182 entity established under Chapter 13, Interlocal Cooperation Act, and specified public utility:
183 (Aa) whose services or facilities are likely to require expansion or significant
184 modification because of the facilities proposed in the proposed capital facilities plan; or
185 (Bb) that has filed with the local political subdivision or private entity a copy of the
186 general or long-range plan of the county, municipality, local district, special service district,
187 school district, interlocal cooperation entity, or specified public utility.
188 (II) "Affected entity" does not include the local political subdivision or private entity
189 that is required under this Subsection (2) to provide notice.
190 (B) "Specified public utility" means an electrical corporation, gas corporation, or
191 telephone corporation, as those terms are defined in Section 54-2-1 .
192 (ii) Before preparing or amending a capital facilities plan, each local political
193 subdivision and each private entity shall provide written notice, as provided in this Subsection
194 (2)(b), of its intent to prepare or amend a capital facilities plan.
195 (iii) Each notice under Subsection (2)(b)(ii) shall:
196 (A) indicate that the local political subdivision or private entity intends to prepare or
197 amend a capital facilities plan;
198 (B) describe or provide a map of the geographic area where the proposed capital
199 facilities will be located;
200 (C) be sent to:
201 (I) each county in whose unincorporated area and each municipality in whose
202 boundaries is located the land on which the proposed facilities will be located;
203 (II) each affected entity;
204 (III) the Automated Geographic Reference Center created in Section 63F-1-506 ;
205 (IV) the association of governments, established pursuant to an interlocal agreement
206 under [
207 be located;
208 (V) the state planning coordinator appointed under Section 63J-4-202 ;
209 (VI) the registered agent of the Utah Home Builders Association;
210 (VII) the registered agent of the Utah Association of Realtors; and
211 (VIII) the registered agent of the Utah Chapter of the Associated General Contractors
212 of America; and
213 (D) with respect to the notice to an affected entity, invite the affected entity to provide
214 information for the local political subdivision or private entity to consider in the process of
215 preparing, adopting, and implementing or amending a capital facilities plan concerning:
216 (I) impacts that the facilities proposed in the capital facilities plan may have on the
217 affected entity; and
218 (II) facilities or uses of land that the affected entity is planning or considering that may
219 conflict with the facilities proposed in the capital facilities plan.
220 (c) The plan shall identify:
221 (i) demands placed upon existing public facilities by new development activity; and
222 (ii) the proposed means by which the local political subdivision will meet those
224 (d) A municipality or county need not prepare a separate capital facilities plan if the
225 general plan required by Section 10-9a-401 or 17-27a-401 , respectively, contains the elements
226 required by Subsection (2)(c).
227 (e) (i) If a local political subdivision chooses to prepare an independent capital
228 facilities plan rather than include a capital facilities element in the general plan, the local
229 political subdivision shall:
230 (A) before preparing or contracting to prepare or amending or contracting to amend the
231 independent capital facilities plan, send written notice:
232 (I) to:
233 (Aa) the registered agent of the Utah Home Builders Association;
234 (Bb) the registered agent of the Utah Association of Realtors; and
235 (Cc) the registered agent of the Utah Chapter of the Associated General Contractors of
237 (II) stating the local political subdivision's intent to prepare or amend a capital facilities
238 plan; and
239 (III) inviting each of the notice recipients to participate in the preparation of or
240 amendment to the capital facilities plan; and
241 (B) before adopting or amending the capital facilities plan:
242 (I) give public notice of the plan or amendment according to Subsection (2)(e)(ii)(A),
243 (B), or (C), as the case may be, at least [
244 (II) make a copy of the plan or amendment, together with a summary designed to be
245 understood by a lay person, available to the public;
246 (III) place a copy of the plan or amendment and summary in each public library within
247 the local political subdivision; and
248 (IV) hold a public hearing to hear public comment on the plan or amendment.
249 (ii) With respect to the public notice required under Subsection (2)(e)(i)(B)(I):
250 (A) each municipality shall comply with the notice and hearing requirements of, and,
251 except as provided in Subsection 11-36-401 (4)(f), receive the protections of Sections
252 10-9a-205 and 10-9a-801 and Subsection 10-9a-502 (2);
253 (B) each county shall comply with the notice and hearing requirements of, and, except
254 as provided in Subsection 11-36-401 (4)(f), receive the protections of Sections 17-27a-205 and
255 17-27a-801 and Subsection 17-27a-502 (2); and
256 (C) each local district, special service district, and private entity shall comply with the
257 notice and hearing requirements of, and receive the protections of, Section 17B-1-111 .
258 (iii) Nothing contained in this Subsection (2)(e) or in the subsections referenced in
259 Subsections (2)(e)(ii)(A) and (B) may be construed to require involvement by a planning
260 commission in the capital facilities planning process.
261 (f) (i) A local political subdivision with a population or serving a population of less
262 than 5,000 as of the last federal census need not comply with the capital facilities plan
263 requirements of this part, but shall ensure that:
264 (A) the impact fees that the local political subdivision imposes are based upon a
265 reasonable plan; and
266 (B) each applicable notice required by this chapter is given.
267 (ii) Subsection (2)(f)(i) does not apply to private entities.
268 (3) In preparing the plan, each local political subdivision shall generally consider all
269 revenue sources, including impact fees, to finance the impacts on system improvements.
270 (4) A local political subdivision or private entity may only impose impact fees on
271 development activities when its plan for financing system improvements establishes that
272 impact fees are necessary to achieve an equitable allocation to the costs borne in the past and to
273 be borne in the future, in comparison to the benefits already received and yet to be received.
274 (5) (a) Subject to the notice requirement of Subsection (5)(b), each local political
275 subdivision and private entity intending to impose an impact fee shall prepare a written analysis
276 of each impact fee that:
277 (i) identifies the impact on system improvements required by the development activity;
278 (ii) demonstrates how those impacts on system improvements are reasonably related to
279 the development activity;
280 (iii) estimates the proportionate share of the costs of impacts on system improvements
281 that are reasonably related to the new development activity; and
282 (iv) based upon those factors and the requirements of this chapter, identifies how the
283 impact fee was calculated.
284 (b) Before preparing or contracting to prepare the written analysis required under
285 Subsection (5)(a), each local political subdivision or private entity shall provide:
286 (i) public notice; and
287 (ii) written notice:
288 (A) to:
289 (I) the registered agent of the Utah Home Builders Association;
290 (II) the registered agent of the Utah Association of Realtors; and
291 (III) the registered agent of the Utah Chapter of the Associated General Contractors of
293 (B) indicating the local political subdivision or private entity's intent to prepare or
294 contract to prepare a written analysis of an impact fee; and
295 (C) inviting each notice recipient to participate in the preparation of the written
297 (c) In analyzing whether or not the proportionate share of the costs of public facilities
298 are reasonably related to the new development activity, the local political subdivision or private
299 entity, as the case may be, shall identify, if applicable:
300 (i) the cost of existing public facilities;
301 (ii) the manner of financing existing public facilities, such as user charges, special
302 assessments, bonded indebtedness, general taxes, or federal grants;
303 (iii) the relative extent to which the newly developed properties and other properties
304 have already contributed to the cost of existing public facilities, by such means as user charges,
305 special assessments, or payment from the proceeds of general taxes;
306 (iv) the relative extent to which the newly developed properties and other properties
307 will contribute to the cost of existing public facilities in the future;
308 (v) the extent to which the newly developed properties are entitled to a credit because
309 the local political subdivision or private entity, as the case may be, requires its developers or
310 owners, by contractual arrangement or otherwise, to provide common facilities, inside or
311 outside the proposed development, that have been provided by the local political subdivision or
312 private entity, respectively, and financed through general taxation or other means, apart from
313 user charges, in other parts of the service area;
314 (vi) extraordinary costs, if any, in servicing the newly developed properties; and
315 (vii) the time-price differential inherent in fair comparisons of amounts paid at
316 different times.
317 (d) Each local political subdivision and private entity that prepares a written analysis
318 under this Subsection (5) [
319 analysis, designed to be understood by a lay person.
320 (6) Each local political subdivision that adopts an impact fee enactment under Section
321 11-36-202 on or after July 1, 2000 shall, at least [
322 (a) submit a copy of the written analysis required by Subsection (5)(a) and a copy of
323 the summary required by Subsection (5)(d) to:
328 Contractors of America[
329 (b) obtain a written certification from the person or entity that prepares the written
330 analysis which states as follows:
331 "I certify that the attached impact fee analysis:
332 1. includes only the costs for qualifying public facilities that are:
333 a. allowed under the Impact Fees Act; and
334 b. projected to be incurred or encumbered within six years after each
335 impact fee is paid;
336 2. contains no cost for operation and maintenance of public facilities;
337 3. offsets costs with grants or other alternate sources of payment;
338 4. does not include costs for qualifying public facilities that will raise the level
339 of service for the facilities, through impact fees, above the level of service that
340 is supported by existing residents; and
341 5. complies in each and every relevant respect with the Impact Fees Act."
342 (7) Nothing in this chapter may be construed to repeal or otherwise eliminate any
343 impact fee in effect on the effective date of this chapter that is pledged as a source of revenues
344 to pay bonded indebtedness that was incurred before the effective date of this chapter.
345 Section 5. Section 11-36-202 is amended to read:
346 11-36-202. Impact fees -- Enactment -- Required provisions -- Effective date.
347 (1) (a) Each local political subdivision and private entity wishing to impose impact fees
348 shall pass an impact fee enactment.
349 (b) The impact fee imposed by that enactment may not exceed the highest fee justified
350 by the impact fee analysis performed pursuant to Section 11-36-201 .
351 (c) In calculating the impact fee, a local political subdivision or private entity may
353 (i) the construction contract price;
354 (ii) the cost of acquiring land, improvements, materials, and fixtures;
355 (iii) the cost for planning, surveying, and engineering fees for services provided for and
356 directly related to the construction of the system improvements; and
357 (iv) debt service charges, if the political subdivision might use impact fees as a revenue
358 stream to pay the principal and interest on bonds, notes, or other obligations issued to finance
359 the costs of the system improvements.
360 (d) In calculating an impact fee, a local political subdivision may not include an
361 expense for overhead unless the expense is calculated pursuant to a methodology that is
362 consistent with:
363 (i) generally accepted cost accounting practices; and
364 (ii) the methodological standards set forth by the federal Office of Management and
365 Budget for federal grant reimbursement.
366 (e) In calculating an impact fee, each local political subdivision shall base amounts
367 calculated under Subsection (1)(c) on realistic estimates, and the assumptions underlying those
368 estimates shall be disclosed in the impact fee analysis.
369 (f) Each local political subdivision and private entity that intends to enact an impact fee
370 enactment shall:
371 (i) at least [
372 (A) make a copy of the impact fee enactment available to the public; and
373 (B) mail a written copy of the impact fee enactment to:
374 (I) the registered agent of the Utah Home Builders Association;
375 (II) the registered agent of the Utah Association of Realtors; and
376 (III) the registered agent of the Utah Chapter of the Associated General Contractors of
377 America; and
378 (ii) (A) for a municipality, comply with the notice and hearing requirements of, and,
379 except as provided in Subsection 11-36-401 (4)(f), receive the protections of Sections
380 10-9a-205 and 10-9a-801 ;
381 (B) for a county, comply with the notice and hearing requirements of, and, except as
382 provided in Subsection 11-36-401 (4)(f), receive the protections of Sections 17-27a-205 and
383 17-27a-801 ; and
384 (C) for a local district or special service district, comply with the notice and hearing
385 requirements of, and receive the protections of, Section 17B-1-111 .
386 (g) Nothing contained in Subsection (1)(f) may be construed to require involvement by
387 a planning commission in the impact fee enactment process.
388 (2) The local political subdivision or private entity shall ensure that the impact fee
390 (a) contains:
391 (i) a provision establishing one or more service areas within which the local political
392 subdivision or private entity calculates and imposes impact fees for various land use categories;
393 (ii) (A) a schedule of impact fees for each type of development activity that specifies
394 the amount of the impact fee to be imposed for each type of system improvement; or
395 (B) the formula that the local political subdivision or private entity, as the case may be,
396 will use to calculate each impact fee;
397 (iii) a provision authorizing the local political subdivision or private entity, as the case
398 may be, to adjust the standard impact fee at the time the fee is charged to:
399 (A) respond to unusual circumstances in specific cases; and
400 (B) ensure that the impact fees are imposed fairly; and
401 (iv) a provision governing calculation of the amount of the impact fee to be imposed on
402 a particular development that permits adjustment of the amount of the fee based upon studies
403 and data submitted by the developer; and
404 (b) allows a developer to receive a credit against or proportionate reimbursement of an
405 impact fee if:
406 (i) the developer is required by the local political subdivision, as a condition of
407 development activity approval, to:
408 (A) dedicate land for a system improvement;
409 (B) improve a system improvement; or
410 (C) provide new construction for a system improvement;
411 (ii) the system improvement is included in the impact fee analysis; and
412 (iii) the land, improvement, or new construction provides a system improvement that
413 exceeds the requirements for the project.
414 (3) A local political subdivision or private entity may include a provision in an impact
415 fee enactment that:
416 (a) exempts low income housing and other development activities with broad public
417 purposes from impact fees and establishes one or more sources of funds other than impact fees
418 to pay for that development activity;
419 (b) imposes an impact fee for public facility costs previously incurred by a local
420 political subdivision or private entity, as the case may be, to the extent that new growth and
421 development will be served by the previously constructed improvement; and
422 (c) allows a credit against impact fees for any dedication of land for, improvement to,
423 or new construction of, any system improvements provided by the developer if the facilities:
424 (i) are identified in the capital facilities plan; and
425 (ii) are required by the local political subdivision as a condition of approving the
426 development activity.
427 (4) Except as provided in Subsection (3)(b), the local political subdivision may not
428 impose an impact fee to cure deficiencies in public facilities serving existing development.
429 (5) Notwithstanding the requirements and prohibitions of this chapter, a local political
430 subdivision may impose and assess an impact fee for environmental mitigation when:
431 (a) the local political subdivision has formally agreed to fund a Habitat Conservation
432 Plan to resolve conflicts with the Endangered Species Act of 1973, 16 U.S.C. Sec 1531, et seq.
433 or other state or federal environmental law or regulation;
434 (b) the impact fee bears a reasonable relationship to the environmental mitigation
435 required by the Habitat Conservation Plan; and
436 (c) the legislative body of the local political subdivision adopts an ordinance or
438 (i) declaring that an impact fee is required to finance the Habitat Conservation Plan;
439 (ii) establishing periodic sunset dates for the impact fee; and
440 (iii) requiring the legislative body to:
441 (A) review the impact fee on those sunset dates;
442 (B) determine whether or not the impact fee is still required to finance the Habitat
443 Conservation Plan; and
444 (C) affirmatively reauthorize the impact fee if the legislative body finds that the impact
445 fee must remain in effect.
451 that is a fire suppression vehicle may not be imposed [
454 subdivision may impose and collect impact fees on behalf of a school district if authorized by
455 Section 53A-20-100.5 .
457 Section 6. Section 11-36-301 is amended to read:
458 11-36-301. Impact fees -- Accounting.
459 Each local political subdivision collecting impact fees shall:
460 (1) establish separate interest bearing ledger accounts for each type of public facility
461 for which an impact fee is collected;
462 (2) deposit impact fee receipts in the appropriate ledger account;
463 (3) retain the interest earned on each fund or account in the fund or account; and
464 (4) at the end of each fiscal year, prepare a report on each fund or account showing:
465 (a) the source and amount of all monies collected, earned, and received by the fund or
466 account; and
467 (b) each expenditure from the fund or account[
468 (5) establish a report that:
469 (a) identifies impact fee funds by the year in which they were received, the project
470 from which the funds were collected, the capital projects for which the funds were budgeted,
471 and the projected schedule for expenditure;
472 (b) is on a form developed by the state auditor;
473 (c) is certified by the local political subdivision's chief financial officer; and
474 (d) is transmitted annually to the state auditor.
475 Section 7. Section 17-36-37 is amended to read:
476 17-36-37. Budget officer -- Annual financial statement -- Contents.
477 (1) The budget officer of each county, within 180 days after the close of each fiscal
478 period or, for a county that has adopted a fiscal period that is a biennial period, within 180 days
479 after both the midpoint and the close of the fiscal period, except as provided by Section
480 17-36-38 , shall prepare and make available to the governing body an annual financial report
481 which shall contain:
482 (a) a statement of revenues and expenditures and a comparison with the budget of the
483 general fund, similar statements of all other funds for which budgets are required, and
484 statements of revenues and expenditures or of income and expense, as the case may be, of all
485 other operating funds of the county;
486 (b) a balance sheet of each fund and a combined balance sheet of all funds as of:
487 (i) for a county that has adopted a fiscal period that is a biennial period, the midpoint
488 and the close of the fiscal period; and
489 (ii) for each other county, the close of the fiscal period; or
490 (c) any other reports the governing body may require, including work performance
491 data, tax levies, taxable values, details of bonded indebtedness, and historical facts of interest
492 to the governing body and the public.
498 matter of public record in the office of the budget officer.
499 Section 8. Section 17B-1-639 is amended to read:
500 17B-1-639. Annual financial reports -- Independent audit reports.
501 (1) [
502 annual financial report in conformity with generally accepted accounting principles as
503 prescribed in the Uniform Accounting Manual for Local Districts.
507 (2) The requirement under Subsection (1)[
508 may be satisfied by presentation of the audit report furnished by the independent auditor.
509 (3) Copies of the annual financial report or the audit report furnished by the
510 independent auditor shall be filed with the state auditor and shall be filed as a public document
511 in the district office.
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