This article describes two methods and circuits for generation of a signal synchronized to the Coordinated Universal Time (UTC) time scale. The signal is used as a sampling clock for a synchrophasor and Sampled Values generation. Both methods use a PPS (Pulse Per Second) pulse as a synchronization signal. In the first method, the synchronization procedure is implemented entirely in a Field Programmable Gate Array (FPGA) device. The second method uses a microcontroller and a Temperature Compensated Voltage Controlled Crystal Oscillator (TCVCXO). The common feature of the presented methods is that they are cost effective and use a minimal number of components. This paper presents the implementation details of both methods as well as the measurement results, which show that the accuracy of the synchronized signals in both procedures makes them suitable for use in synchrophasors and sampled values measurements.