A facts-only look at Mount Pleasant's finances from its audited fiscal 2025 statements: the auditor's opinion, general fund results, debt, utility funds, the redevelopment agency and what this series will follow.
Auditors reported that Mount Pleasant posted one set of approved minutes late and that its redevelopment agency fund spent more than its final budget in fiscal 2025. Management agreed with both findings.
Auditors reported that Mount Pleasant posted one set of approved minutes late and that its redevelopment agency fund spent more than its final budget in fiscal 2025. Management agreed with both findings.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
The audit shows the city's redevelopment agency fund took in $327,521, spent $918,632 and ended fiscal 2025 with $81,330, down from $622,441. It received $225,617 of the $690,766 in intergovernmental revenue in its final budget.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
Mount Pleasant's utility debt rose from $5,976,000 to $10,998,543 in fiscal 2025 after the city added two USDA loans totaling $5.42 million. The loans run to 2064.
