Kearns's $4.2 million year-end snapshot includes restricted road money

Year-end reports for fiscal 2026 in the Kearns council's Sept. 14, 2026 packet show four city funds with a combined $4,238,361. ^[1]

The snapshot lists $1,216,373 unassigned in Fund 50, labeled 'Council's Discretion'; $1,087,684 assigned to capital in Fund 50; negative $4,592 in the redevelopment agency fund; $30,936 in the beer tax fund; and $1,907,960 unassigned in Fund 55. ^[1]

Restricted money in the total

The Fund 50 balance sheet splits the capital amount into $262,683.69 assigned and $825,000 in a 'Restricted Corridor Preservation Fund.' The restricted amount was $602,000 a year earlier. ^[2]

The same report shows Fund 50's unassigned balance falling from $1,632,308.87 to $1,216,373.49 during fiscal 2026. Its cash fell from $2,528,399.78 to $1,291,875.97. ^[2]

The beer tax balance is labeled for alcohol prevention and education. ^[1]

Fund 50 spending

Fund 50 transferred $10,625,968.66 to the General Fund in fiscal 2026, 112.50% of the $9,445,000 budgeted. Total Fund 50 spending was $12,040,045.04, or 90.54% of its $13,297,426 budget. Revenue was $11,847,109.66. ^[2]

Administration spending was $579,559.72, or 47.46% of its $1,221,141 budget. ^[2]

At the Sept. 14 meeting, the finance director reported that the city spent about 47% of its budget, according to the minutes in the Oct. 5 packet. The minutes do not say which budget the figure refers to. ^[4]

The council-designated fund

Fund 55, supported mainly by municipal energy and telecom taxes, took in $1,509,606.17 in fiscal 2026 and recorded net spending of negative $5,400.25, which includes a negative $75,000 entry for corridor preservation expense. ^[3]

For FY2027, the adopted budget plans $1,640,621 in Fund 55 spending, including $500,000 for a land purchase, $500,000 for park improvements, $200,000 for street lighting, $50,000 for office improvements and $100,000 for health insurance. It draws $127,500 from the fund's balance. These are appropriations, not completed purchases. ^[5]