NOTICE TO MONROE CITY UTILITY CUSTOMERS
Utah State law, UCA 10-6-135.5, (enacted by the 2017 State Legislature,) requires that the City provide an annual disclosure of amounts transferred from City Utility Enterprise Funds to another fund.
Proposed transfer of $70,000 from the Electric Utility Fund to the General Fund which is .072% of the Electric Utility annual expenses. Historically, Monroe City has budgeted for the transfer of $70,000 from the Electric Utility to the General Fund.
Proposed transfer of $4,800 from the Irrigation Utility Fund to the Water Utility Fund which is .08% of Irrigation annual expenses. This transfer is to cover costs of administration and maintaining the city’s irrigation system by water department employees.
Both transfers are to be utilized mainly for administration of the various departments and services in the General Fund and the Water Department Fund.
The utility funds that are transferred to the General Fund are used each year to help cover the costs of important services like law enforcement, street maintenance, fire protection services, parks, library, cemetery, and general administration. The utility transfer helps keep property taxes in Monroe low. Viewed in another way, these transfers are a “dividend” to Monroe taxpayers as the result of the taxpayers’ original investment in the City’s infrastructure. Without the transfer, Monroe would either have to significantly raise property taxes or cut services that are now provided to our community.
Monroe City Power prides itself on keeping our power rates affordable. There hasn’t been a power rate increase since 2007. The city council historically has had a reputation of being fiscally responsible.
A public hearing will be held on Tuesday, June 13, 2017 at 7:30 p.m. at the City Hall, 10 North Main, Monroe. The public hearing will be to discuss and approve the proposed utility transfers in the city’s 2017-2018 Annual Budget.
This notice is for informational purposes only. The city council does not propose a rate increase for any city utility.