2008-09 Final Budget - City of St. George

in this tax to 30¢ yet eliminated the tax on food-related items. Revenues are down
from previous years and are estimated for 2008-2009 at $4,900,000. This fund is
where the revenues from this sales tax are accounted for, as well as other income
sources related to transportation projects.
Review of the Street Impact Capital Project Fund:
This fund accounts for all impact fees collected for street infrastructure projects
associated with new growth. The current building slow-down will reduce revenues
anticipated for 2008-2009. The budget is set at $1,275,000. These funds will be
transferred to the Public Works Capital Fund for the following improvements: three
traffic signals @ $600,000, $1,000,000 for Brigham Road, and $1,000,000 for the
road connection by Flying J on Brigham Road.
Review of the Drainage Impact Capital Project Fund:
This fund accounts for impact fees paid for by new growth for drainage
improvements. Estimate of revenue for 2009 is $680,000. $730,000 is planned for
projects from this fund.
Review of the Parks Impact Capital Project Fund:
This fund is responsible for new park and trail projects associated with demands
created by new growth in the City. Impact fees are charged on all new residential
building permits and projects on the capital project list and are funded as resources
become available. Totals for 2009 will be significantly lower than past projections.
Projects have had to be scaled back until revenues are available. Projects for 2008-
2009 are $50,000 for the Seegmiller Historic Farm, $1,976,640 for the Fields Phase
II project, $868,000 for Firehouse Park in Dixie Downs, and $200,000 to reimburse
Ivory Homes for the Hidden Valley Community Park.
Review of the Fire Department Impact Capital Project Fund:
This fund handles impact fees collected from new growth to offset demands on fire
services. All revenues in this fund are being saved for the next fire station to be in
the Sun River area, if we receive the federal grant to
fund the new full-time firemen.
Review of the Police Department Impact Capital Project
Fund:
This fund accounts for all police impact funds collected
from new growth. Revenues are estimated at
$100,000 and the recommendation is to pay the
annual debt service payment for the police building.
Several years ago we issued bonds through our
Municipal Building Authority for the police building and
pledged impact fees as one source of payment on the
building, and we also transfer funds from the General
Fund to cover the entire debt service.
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