Auditing Roosevelt: what the city's most recent posted audit and its June 2026 budget actions show
The Utah Ledger's Auditing Roosevelt series follows Roosevelt City's money through its own public records. The most recent audit cited in this story covers fiscal 2023, when the general fund ended the year with $3.75 million and the city reported $7 million in outstanding debt. In June 2026 the council reopened the fiscal 2026 budget and approved the certified tax rate for fiscal 2027.
Continuing story: Auditing Roosevelt
Auditing Roosevelt is a Utah Ledger series that reads Roosevelt City's audits, budgets, meeting minutes and contracts and reports what they show. It covers Roosevelt City, not the Roosevelt City Housing Authority, Duchesne County or the local school district. [1][2]
This first piece sets out the baseline from the city's audited financial statements for the fiscal year that ended June 30, 2023, and the budget actions the City Council recorded on June 16, 2026. [1][2]
The fiscal 2023 audit
Aycock, Miles & Associates, CPAs, dated its independent auditor's report Jan. 31, 2024. It said the statements "present fairly, in all material respects" the city's financial position. [1]
The general fund, which pays for most day-to-day city services, reported total revenues of $10,134,609 and total expenditures of $7,646,504 for fiscal 2023. Its fund balance rose to $3,753,033 from $3,003,298, an increase of $749,735, according to the report. [1]
The capital projects fund ended the year with $3,751,684, which the audit lists as assigned for construction. [1]
The audit's notes say total actual general fund expenditures exceeded total budgeted expenditures by $49,161 that year. General government spending was $16,671 over budget and golf spending was $214,907 over budget. [1]
Debt
The report lists $6,998,234 in total outstanding debt at June 30, 2023, down from $7,568,688 a year earlier. Of the 2023 total, $1,468,234 was general long-term debt of governmental activities, and $5,530,000 was bonds from direct borrowings for business-type activities. [1]
Sanitation
The city runs garbage collection as a separate enterprise fund. In fiscal 2023 the sanitation fund took in $985,838 in operating revenue and spent $993,441, an operating loss of $7,603. Its total net position at June 30, 2023 was negative $4,066. [1]
A separate story in this series reports the council's June 2026 renewal of the city's sanitation contract. [2]
June 2026 budget actions
At its June 16, 2026 meeting, the council held a public hearing on reopening the fiscal 2026 budget. The minutes record finance presenter Zeke Atwood saying the capital projects balance would level out once grants are refunded, and proposing a transfer of "3.6 million to cover the last of the funds." The council approved the item unanimously. The minutes do not identify which funds the transfer moved money between. [2]
The same minutes record that the city was awarded a $500,000 state outdoor recreation grant for Phase 5 of the Cottonwood Creek Trail project, which the minutes say is included in the fiscal 2027 budget and is the city's fourth grant for the project. The council approved the item unanimously. [2]
The council also unanimously approved the certified tax rate for fiscal 2027. The minutes do not state the rate. [2]
Records not in this story
This story reports no figures from Roosevelt's audits for fiscal 2024 or fiscal 2025 or from its adopted fiscal 2027 budget document.
Fiscal 2023 figures are audited amounts from three fiscal years ago and do not describe the city's finances today. The June 2026 items are council actions and staff statements recorded in minutes, not audited results. The figures in this story measure different things and should not be added together.
Sources
- Roosevelt City Corporation · Annual Financial Report, fiscal year ended June 30, 2023 (Aycock, Miles & Associates, Jan. 31, 2024)
- Roosevelt City Council · June 16, 2026 regular meeting minutes
Background explainer by The Utah Ledger. AI-assisted reporting, checked against the sources above.