Lake Point, incorporated in 2022 in Tooele County, ended fiscal 2025 with $918,157 in its General Fund and $856,712 in a new Capital Projects Fund. Its auditor gave an unmodified opinion and reported four findings.
The "2025 Actual" column in Lake Point's June 2026 budget drafts matches the final fiscal 2025 budget figures in the city's audit. Sales tax, for example, appears as $536,977 in that column; the audit reports $536,977 budgeted and $662,124 collected.
The "2025 Actual" column in Lake Point's June 2026 budget drafts matches the final fiscal 2025 budget figures in the city's audit. Sales tax, for example, appears as $536,977 in that column; the audit reports $536,977 budgeted and $662,124 collected.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
Lake Point's fiscal 2025 audit found the General Fund and Capital Projects Fund had been combined in the city's records, requiring material adjustments, and reported three budget-law findings. One section of the report says no significant deficiencies in compliance controls were identified.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
Lake Point's fiscal 2025 General Fund spending exceeded its final budget, according to its audit. The report gives the excess as $148,767 in the finding, $148,769 in a note and the management discussion, and $152,933 in the budget schedule.
