Logan's general fund balance went from $16.7 million to $38.9 million from fiscal 2020 to 2025

From fiscal 2020 to fiscal 2025, Logan's general fund ending fund balance rose from $16,744,571 to $38,895,426, according to the city's annual comprehensive financial reports. General fund revenues over the same period rose from $41,780,355 to $58,230,106. ^[1][2]

Ending balances reported: $22,227,175 at June 30, 2021; $29,322,646 in 2022; $32,669,569 in 2023; $38,114,281 in 2024. ^[3][4][5][6]

Revenues and expenditures

General fund revenues and expenditures as reported: fiscal 2020, $41,780,355 and $33,295,032; fiscal 2021, $47,314,614 and $35,348,747; fiscal 2022, $59,582,125 and $37,225,539; fiscal 2023, $54,334,079 and $41,661,341; fiscal 2024, $54,628,157 and $42,112,373; fiscal 2025, $58,230,106 and $49,301,122. ^{[1][3][4][5][6][2]}

The report for fiscal 2025 lists the ending balance as $7,395 nonspendable, $17,294,980 restricted, $1,583,017 assigned and $20,010,034 unassigned. ^[2]

What the budgets show

The fiscal 2027 adopted budget lists general fund revenues of $65,116,801 and expenditures of $64,335,656 for fiscal 2025 actual, which differ from the financial report's figures; the budget document does not state the reason. It lists $72,756,642 for both revenues and expenditures in fiscal 2027, including a fund reserve draw of $8,514,780. ^[7]

In a May 2020 budget workshop, Finance Director Richard Anderson said the general fund reserve target is 18% with a statutory maximum of 25%, and that a resolution might raise the target to 20%. The documents reviewed do not state the fund balance as a percentage of revenue. ^[8]