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).