Pleasant View's redevelopment fund held $4.8 million, earned mostly interest in 2025
Before the Rise project area was adopted, Pleasant View's redevelopment agency fund ended fiscal 2025 with $4,836,586. Nearly all of its $234,289 in revenue that year was interest, and it transferred $387,000 to the General Fund.
Continuing story: Auditing Pleasant View
Pleasant View's redevelopment agency fund ended the fiscal year on June 30, 2025 with $4,836,586, according to the city's audited financial statements. The balance sheet reports it as restricted for redevelopment. [1]
The audit says the city created the fund in 2002 to account for revenues derived from specific taxes. [3]
Revenue and spending
The fund reported $234,289 in revenue in fiscal 2025: $231,194 in interest income and $3,095 in intergovernmental revenue. No tax revenue line appears in the fund's column. [2]
It spent $28,127, which the audit's note breaks down as $27,476 for professional and technical expenses and $651 for memberships, subscriptions and supplies. [2][3]
Transfers
The fund recorded $362,507 in transfers in and $387,000 in transfers out during the year, and its balance fell by $180,838. [2]
The interfund transfer note lists the $387,000 as a transfer from the redevelopment fund to the General Fund and says the city's transfers "resulted from the normal course of the City's operation." [3]
Before Rise
These figures cover the year before the agency adopted the Rise Community Reinvestment Area on Jan. 27, 2026. [4]
These are fiscal 2025 figures, the latest audited year. They predate the Rise project area and are not Rise collections or payments. Transfers between city funds move money within the city; they are not outside spending.
Sources
- Pleasant View City · FY2025 audit, governmental funds balance sheet
- Pleasant View City · FY2025 audit, governmental funds revenues, expenditures and changes in fund balances
- Pleasant View City · FY2025 audit, interfund transfers and redevelopment agency fund notes
- Pleasant View City Redevelopment Agency · Jan. 27, 2026 minutes
Reporting by The Utah Ledger from the public records above. AI-assisted, checked against those records.