Willard's fiscal 2025 audit reports $228,309 left on a 2019 developer impact fee advance
Developers advanced Willard $500,000 of impact fees in fiscal 2019 for utility infrastructure, to be repaid as lot owners pay their own fees. The fiscal 2025 audit reports $228,309 still owed. The water and sewer funds collected $650,115 in impact fees that year.
Continuing story: Auditing Willard
Willard's fiscal 2025 audit reports a $228,309 liability to developers who advanced the city impact fees six years earlier. [1]
"In fiscal year 2019, developers gave Willard City an advance funding of impact fees in the amount of $500,000," the audit says. The money was used for utility infrastructure. When lot owners pay their impact fees, the advance is reimbursed to the developers for those lots. [1]
Where the balance stands
The audit says $171,747 was used during fiscal 2025, leaving a year-end liability of $228,309. It is carried in the utility fund, which covers water and refuse service. [1][2]
The utility fund's cash flow statement lists a $171,747 change in the advance funding liability for the year. [3]
Impact fees collected
In fiscal 2025 the utility fund collected $304,946 in impact fees and $21,703 in connection fees, and the sewer fund collected $345,169 in impact fees and $14,112 in connection fees. [4]
The audit reports these fees as nonoperating revenue. Without them, both funds had operating losses: $220,278 in the utility fund and $202,009 in the sewer fund. [4]
At year-end, $143,298 of the utility fund's net position and $487,458 of the sewer fund's were restricted for impact fees. [2]
The auditor's state compliance report lists impact fees among the areas tested and states that Willard complied in all material respects. [5]
The advance is a liability the city repays from impact fees as lots are built, according to the audit.
Sources
- Willard City · Audited financial statements, year ended June 30, 2025 (advance funding liability note)
- Willard City · Audited financial statements, year ended June 30, 2025 (proprietary funds statement of net position)
- Willard City · Audited financial statements, year ended June 30, 2025 (proprietary funds statement of cash flows)
- Willard City · Audited financial statements, year ended June 30, 2025 (proprietary funds revenues and expenses)
- Willard City · Audited financial statements, year ended June 30, 2025 (State Compliance Audit Guide report)
Reporting by The Utah Ledger from the public records above. AI-assisted, checked against those records.