Price plans a $3.3 million transfer from its electric utility to the general fund

Price's fiscal 2027 budget plans a $3,300,000 transfer from the city's electric fund to its general fund. The general fund lists the same amount as revenue. ^[1][2]

The budget's columns show $2,700,000 transferred in fiscal 2025, the actual figure, and $3,300,000 estimated for fiscal 2026. ^[1][2]

What the notice says

The city's notice to utility customers says the transfer represents 27% of the electric fund's total budgeted expenditures. The electric fund's fiscal 2027 expenditure budget is $12,308,500. ^[3][2]

The notice says the transfer pays for administrative and overhead costs of the electric fund provided by the general fund and helps cover the cost of services such as public safety, public works, and parks and recreation. It does not say how much goes to each purpose. ^[3]

The notice lists no transfer from any other enterprise fund. ^[3]

The hearing

The council opened the enterprise fund hearing at 5:53 p.m. on June 24, 2026. Finance Director Lisa Richens presented enterprise fund information that, according to the minutes, "showed the same for the tentative and final budget." No one commented, and the hearing closed at 5:59 p.m. ^[4]

The council then adopted the fiscal 2026-27 budget through Resolution 2026-15. Councilmembers Root and Urbanik were excused. ^[4]

In the general fund, the $3,300,000 transfer is the largest revenue line, ahead of general sales taxes at $3,242,000. ^[1]