Roy's redevelopment budget document gives three different figures for reserve use

The Roy City Redevelopment Agency's posted fiscal 2027 budget document gives differing totals for the same year in different tables. ^[1]

"The total budget for the Agency is $1,593,819," the narrative says, "using $1,044,319 of fund balance reserves." The approved expenditure and revenue schedules both total $1,604,405. ^[1]

Three reserve figures

The revenue schedule lists a contribution from fund balance of $929,905. ^[1]

An area-by-area table uses the same $1,604,405 spending total, but lists $549,500 in revenue, leaving spending $1,054,905 above revenue. ^[1]

The schedule lists $130,000 of property tax for redevelopment area #2, while the narrative and area table show $55,000. ^[1]

Administration

The approved schedule budgets $429,605 for the Roy City administration fee, up from $391,289 spent in fiscal 2025. The narrative's administration row lists $377,116, $29,331, $0 and $12,572 across its columns, which add to $419,019, or $10,586 less. ^[1]

In fiscal 2025, the agency's fund took in $692,705 and ended the year with a $2,905,925 balance, according to the city's audited report. ^[1][3]

Adoption

Draft minutes of the board's June 16, 2026 meeting record a 5-0 vote on Resolution 26-1, adopting the 2026-27 budget. Board members Hulbert, Jackson, Saxton, Sphar and Wilson voted yes. City Manager Matt Andrews described a total budget of $1.5 million. The minutes were listed for approval on the board's Sept. 1 agenda. ^[2]

Projects

The budget narrative says several taxing entities agreed in October 2023 to participate in the 1900 South East project, and that the agency "will wait until the project is triggered for final approval of the project budget." ^[1]

It also describes a $550,000 advance made in the early 1990s for the City Centre project and budgets a $30,000 repayment to the city in fiscal 2027. ^[1]