Auditing Magna
The Ledger's review of Magna's budgets, audits, debt and redevelopment money.
The full audit section: stories by subject, key figures and records →
Background
Auditing Magna: what public records show about the city's finances
The Ledger is starting a review of Magna's audits, budgets, redevelopment money and council actions, reporting only what the records say. Magna's finances are reported inside the Greater Salt Lake Municipal Services District's statements; here is the baseline and what the series covers.
Read the explainer →Latest updates
- Politics
Magna redevelopment fund records $95,055 Main Street landscaping charge against a $50,000 budget
Magna's financial report for July and August 2026 shows $98,100.02 charged to the redevelopment agency's "CRA Distribution" account, a line with no budget in fiscal 2027. Most of it is one Main Street landscaping invoice.
- Politics
Draft district audit adds $34.6 million in previously unrecorded assets to Magna's books
Draft fiscal 2025 statements for the Greater Salt Lake Municipal Services District correct Magna's opening net position upward by $34,565,111 for capital assets that had not been recorded. The draft compliance reports list a material weakness in asset tracking.
- Politics
Magna council asked to co-sign $9.26 million federal road agreement that leaves overruns to local agencies
A resolution on Magna's Oct. 13 agenda would add the city to a UDOT agreement for the 2810 South at 8000 West realignment. The posted modification lists a $9,262,264 project value and says the local agency pays all overruns and ineligible costs.
- Politics
Magna's 2027 budget papers show two totals, and its August report a $90,000 gap
Magna's June budget schedules list Fund 60 at $16,377,237 and an updated $14,513,185. The city's August financial report keeps $14,513,185 in revenue but shows $14,603,185 in budgeted spending, with a larger special-events line.