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Within thirty (30) days after completion of the annual City financial report and audit report as required by the Uniform Fiscal Procedures Act for Utah Cities, the Mayor or the Mayor’s designee shall submit to the Municipal Council a written report on the status of each active capital improvement project which shall include at least the following information:

(1) budgeted amount for the project;

(2) estimated total cost, as revised by final design estimates, actual contract amounts, or cost overruns;

(3) cost to date;

(4) description and review of anticipated cost overruns;

(5) estimated completion date;

(6) whether the project is on schedule; and

(7) changes, if any, in anticipated funding.

(Enacted 2001-43, Am 2007-36, Am 2024-01)