A records-only look at Farmington's audited report for fiscal 2025 and its fiscal 2027 budget: the audit opinion and findings, reserves, debt, the fire station financing and the redevelopment agencies.
Farmington's recreation fund brought in about $1.1 million from users in fiscal 2025 against $2.7 million in operating expenses. A transfer from the General Fund covered most of the difference, and the city budgets a larger transfer for fiscal 2027.
Farmington's recreation fund brought in about $1.1 million from users in fiscal 2025 against $2.7 million in operating expenses. A transfer from the General Fund covered most of the difference, and the city budgets a larger transfer for fiscal 2027.
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Farmington's two redevelopment agencies received $649,795 in tax increment in fiscal 2025 and spent $2,292,629, drawing down the Station Park agency's balance. Most of it went to North Cottonwood Commons and to work on Clarke Lane, and the US 89 area has ended.
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On Aug. 18, 2026, the City Council voted 5-0 to adopt a tax rate of 0.001581 and a fiscal 2027 budget with $285,108 in new property tax revenue for three firefighters. An earlier proposal posted by the city described a $300,000 increase and said the firefighters were hired in January 2026.
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After fiscal 2025 ended, Farmington issued sales and franchise tax revenue bonds and sold about 15 acres along Highway 89, saying all of the proceeds would go to a new fire station on the city's west side. Records reviewed don't yet show the station's full cost.
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The city's auditor reported two instances of noncompliance with state law for fiscal 2025: a capital equipment fund that spent $76,623 more than budgeted, and an unrestricted General Fund balance $16,156 over the 35% limit. Both rules were also the subject of findings in fiscal 2024.