Auditing Naples
The Ledger's review of Naples's budgets, audits, debt and redevelopment money.
The full audit section: stories by subject, key figures and records →
Background
Auditing Naples: What the city's audit and budget say about its money
Naples, in Uintah County, ended fiscal 2025 with $15.2 million in its governmental funds, an unmodified audit opinion and no general obligation debt. Its fiscal 2027 budget sets the general fund at $3.66 million and the road capital fund at $3.27 million.
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- Politics
Naples' fiscal 2025 audit reports a general fund balance $875,018 above the state maximum
Naples' fiscal 2025 audit reports one compliance finding: the city's unrestricted general fund balance exceeded the 35% maximum in state law by $875,018. The city said it would adopt the auditors' recommendation.
- Politics
Naples sets a $1.5 million ceiling on bonds for 2500 South street project
Naples' council adopted a parameters resolution in July for up to $1.5 million in street improvement revenue bonds for 2500 South, at no more than 2% interest over no more than 10 years. The fiscal 2027 budget lists $3,228,000 for the widening, funded by a $2,259,000 grant and a $969,000 loan.
- Politics
Naples' 2000 East project estimated at $1.8 million against a $1.65 million budget
An engineer told the Naples council in August that the 2000 East project's estimated cost was $1.8 million against a $1.65 million budget. The council asked for the cost of a continuous sidewalk on the west side before bids go out.
- Politics
Naples borrowed $923,000 at 0.5% for storm drainage work
Naples' fiscal 2025 audit lists a $923,000 storm water bond at 0.50% interest maturing in 2044. The city's budget records show the loan alongside a $2.5 million CIB grant and $3.1 million spent on drainage projects in fiscal 2025.
- Politics
Naples starts process to join a Utah Inland Port Authority project area
The Naples council voted 4–0 in August to adopt a resolution to create a Utah Inland Port Authority project area in the city. A port authority official called it the first step, with a public hearing to come before final approval.