Andrew Steadman

The Foundation board discussed and adopted Resolution 26-05, which approves the Annual Budget for the upcoming fiscal year. Key budget items reviewed included anticipated revenues from sponsorships and donations for the Scout program, administrative cost transfers to the General Fund, and a designated expenditure for UTA bus passes to be facilitated through the organization.

The meeting agenda includes planning matters such as first readings for various rezone requests and zoning code text amendments. Business matters cover potential amendments to the city's special events chapter and the approval of an interlocal cooperative agreement with Salt Lake County for public works services. Additionally, the Millcreek Community Foundation will convene to address its scheduled agenda items.

The meeting featured a public hearing regarding the amendment of the Fiscal Year 2025-2026 budget. Discussion centered on the Foundation's revenue sources, including sponsorships and donations, and the process by which these funds are transferred to the General Fund to support program expenses and wages, as well as the requirement for certain direct expenditures for specific organizational needs.

The board conducted a public hearing to review the tentative budget for the 2026-2027 fiscal year. Discussion topics included an overview of the role of the Community Reinvestment Agency, the utilization of tax increment financing for infrastructure and redevelopment, and the management of separate budgets for various project areas and the Aggregate Housing Fund. Additionally, staff announced a future work session to discuss housing-related funds, revenue projections, and potential strategies for addressing affordable housing needs.

The agenda includes a work meeting covering a fraud risk assessment, treasury and staff reports, and a police department update. The regular meeting focuses on several business matters including the establishment of a transportation utility and fee schedule, amendments to the employee handbooks, and interlocal cooperative agreements with Salt Lake County. Financial matters include a public hearing on the fiscal year 2025-2026 budget amendment, property tax levies, and the adoption of the final budget for the upcoming fiscal year. Additionally, the Community Reinvestment Agency and Millcreek Community Foundation will address the adoption of their respective annual budgets.