Logan's budget and audit show different fiscal 2025 general fund totals. Both show the same $781,145 change
The fiscal 2027 budget's fiscal 2025 actual column counts transfers and asset sales in its general fund totals; the audited report lists them separately. The two sets of figures match line by line.
Continuing story: Auditing Logan
Logan's fiscal 2027 budget and its audited fiscal 2025 financial report give different general fund totals for the same year, but the figures reconcile. The budget counts transfers and proceeds from selling capital assets in its revenue and expenditure totals; the audited statement lists them separately as other financing sources and uses. [1][2]
Our Oct. 15 story reported the two sets of totals and noted that the budget document does not state the reason they differ. This story sets out how they connect.
The audited figures
The fiscal 2025 report's statement of revenues, expenditures and changes in fund balances lists general fund revenues of $58,230,106 and expenditures of $49,301,122, leaving revenues $8,928,984 above expenditures. [1]
Below that line it lists $6,832,435 in transfers in, $15,034,534 in transfers out and $54,260 from the disposal of capital assets, a net of $8,147,839 in other financing uses. The net change in fund balance is $781,145, taking the balance from $38,114,281 to $38,895,426. [1]
The budget's figures
The general fund page of the fiscal 2027 adopted budget lists fiscal 2025 actual revenues of $65,116,801 and expenditures of $64,335,656. Its revenue column includes a $6,832,435 transfers-in line and a $54,260 sale-of-capital-assets line, and its expenditure column includes a $15,034,534 transfers-out line. [2]
The budget's revenue column also lists $7,114,039 in administrative fees revenue and a contra revenue line of minus $7,114,039, which offset each other. The audited report says administrative fee revenues and expenditures are budgeted in the general fund and eliminated there for financial reporting, with the corresponding expenses recorded in the funds that receive the services. [2][1]
How the totals connect
Adding the audited revenues, transfers in and capital asset disposals gives $65,116,801, the budget's revenue total: $58,230,106 plus $6,832,435 plus $54,260. Adding the audited expenditures and transfers out gives $64,335,656, the budget's expenditure total: $49,301,122 plus $15,034,534. [1][2]
The difference between the budget's two totals is $781,145, the same increase in fund balance the audited report shows. [1][2]
Some individual revenue lines differ by $1 to $3 between the two documents. Property tax, for example, is $3,145,606 in the audited statement and $3,145,607 in the budget, and charges for services are $4,554,525 and $4,554,522. These differences do not change the totals above. [1][2]
This story compares two presentations of the same fiscal 2025 results. The difference in totals comes from where transfers and asset sales are listed, not from missing or additional money.
Sources
Reporting by The Utah Ledger from the public records above. AI-assisted, checked against those records.