Lake Point's June 2026 budget drafts: the "2025 Actual" column matches the audit's 2025 final budget
The "2025 Actual" column in Lake Point's June 2026 budget drafts matches the final fiscal 2025 budget figures in the city's audit. Sales tax, for example, appears as $536,977 in that column; the audit reports $536,977 budgeted and $662,124 collected.
Continuing story: Auditing Lake Point
Lake Point's fiscal 2025 audit cited the city for a budget whose columns were "severely mislabeled." Budget drafts posted in June 2026 for a council public hearing carry a "2025 Actual" column whose figures match the fiscal 2025 final budget printed in that audit. The audit reports different actual results. [1][2][3][5]
The figures
The draft fiscal 2026 amended budget and the tentative fiscal 2027 budget, both dated June 15, 2026, list 2025 actual sales tax of $536,977 and property tax of $461,606. The audit's budget-to-actual schedule shows $536,977 and $461,606 as the final budget for those lines, and actual collections of $662,124 in sales tax and $424,780 in property tax. [1][2][3]
The drafts list total 2025 General Fund revenues of $2,583,472.28. The audit shows $2,583,472 as the final budget and $2,244,598 as actual revenue. The drafts also show $498,120.28 in 2025 transfers and contributions; the audit's final budget lists $498,120 as use of fund balance, with no actual amount. [1][2][3]
The drafts list a $472,000 transfer to the capital fund as the 2025 actual. The audit shows $472,000 as the final budgeted transfer and $851,856 as the actual transfer. [1][2][3]
The drafts list $1,800,758.09 in 2025 General Fund expenditures. The audit shows a final expenditure budget of $1,312,454 and actual expenditures of $1,465,387. [1][2][3]
The earlier finding
Finding 2025-04 says "the budget officer failed to properly label the budget columns" and recommends the budget be reviewed before publication so the figures match their labels. Management said it agreed. [1]
In the draft amended fiscal 2026 budget, the General Fund expenditure summary's third column is headed "Estimated," while the department pages use "Amended." [2]
The June 24, 2026 meeting
The June 24, 2026 agenda lists hearings and resolutions on the fiscal 2027 budget and the fiscal 2026 amendment. The signed minutes are posted as a scanned image. [4]
These are draft and tentative budget documents posted for a public hearing. This story compares their labeled columns with the audit.
Sources
- City of Lake Point · FY2025 audited financial statements (K&C, CPAs, Feb. 27, 2026)
- Lake Point · FY2026 amended budget, draft dated June 15, 2026
- Lake Point · FY2027 tentative budget, dated June 15, 2026
- Utah Public Notice Website · Lake Point City Council, June 24, 2026 business meeting agenda
- Utah Public Notice Website · Lake Point public hearing notice, June 24, 2026
Reporting by The Utah Ledger from the public records above. AI-assisted, checked against those records.