Utah Code § 17B-1-605: Budget required for certain funds -- Capital projects fund.

(1) The budget officer of each special district shall prepare for each budget year a budget for each of the following funds:

(a) the General Fund;

(b) special revenue funds;

(c) debt service funds;

(d) capital projects funds;

(e) proprietary funds, in accordance with Section 17B-1-629;

(f) if the special district has a local fund, as defined in Section 53-2a-602, the local fund; and

(g) any other fund or funds for which a budget is required by the uniform system of budgeting, accounting, and reporting.

(2)

(a) Major capital improvements financed by general obligation bonds, capital grants, or interfund transfers shall use a capital projects fund budget unless the improvements financed are to be used for proprietary type activities.

(b) The special district shall prepare a separate budget for the term of the projects as well as the annual budget required under Subsection (1).