FY 2021 Budget
Revenue Budgets When projecting revenues for the budget, accounts are analyzed to establish historical trends. Staff will then utilize these trends along with outside resources such as the Utah State Governor’s Office of Economic Development and the Salt Lake County Mayor’s Office. Staff will also review the analytics against planned projects or programs, as well as any inside knowledge of additional items that may not be included in a simple historical analysis or from outside entities, such as a current analysis of the development activity and what projects might be coming. Due to the current COVID‐19 crisis, great care has been taken to establish the revenue budgets. The main source of revenue for the general fund, sales tax, has historically been averaging an 8% annual increase. However, because of the current state of the economy and the unknown nature of the current crisis, staff has recommended a decrease of 5%, which coincides with a recent study and analysis performed by the Utah League of Cities and Towns. Expenditure Budgets The following are the budgetary departments for the FY 2021 budget.
City Council Mayor’s Office City Manager’s Office City Recorder’s Office Utilities Non‐departmental (includes insurance, general office supplies, etc) Operational Services (includes fleet, purchasing and building maintenance) Administrative Services Development Services (includes animal control services and code enforcement)
City Attorney’s Office Police Operations Public Works Communications & IT Parks & Public Services (includes Parks, Recreation, Celebration, and Cemetery) Wages & Benefits Committees & Boards Transfers & Fund Balance
Riverton City provides many different services to its residents. The City maintains multiple fund classifications, namely the general fund, capital projects funds, and enterprise funds. Most City employees perform tasks that benefit more than one fund. In order to properly account for both the employee costs and associated supplies, or other expenditures, costs are allocated between various funds.
12830 S Redwood Rd • Riverton, Utah 84065 • (801) 254‐0704 • rivertonutah.gov 11
