Auditing Park City
The Ledger's review of Park City's budgets, audits, debt, redevelopment money and officials' disclosures.
The full audit section: stories by subject, key figures and records →
Background
Auditing Park City: a public-records look at the city's finances, FY2019–FY2025
The Ledger is reviewing Park City's budgets, annual financial reports, debt, audits and redevelopment funds, citing only official records.
Read the explainer →Latest updates
- Politics
Deer Valley's Snow Park financing, 2024–2025: a tax increment request removed, three infrastructure districts created
Council minutes show a community reinvestment area item pulled in November 2024, three public infrastructure districts created in March 2025, and a $15 million city match approved in November 2025.
- Politics
Park City's four redevelopment agency funds held $11.8 million at the end of FY2024
The city's FY2026 budget volume lists fund balances for the Lower Park Avenue and Main Street redevelopment funds, which rose from $7.6 million in FY2022.
- Politics
Park City's financial statements drew an unmodified audit opinion every year from FY2019 to FY2025
Three audit firms signed the opinions over seven years; the FY2025 report was dated Dec. 17, 2025, and the council received it on Dec. 18.
- Politics
Park City's long-term debt was $243.9 million at June 30, 2025, down from $281.9 million two years earlier
Annual reports show total long-term debt of $243,859,075 at the end of FY2025, of which $54.0 million is general obligation debt, against a legal debt limit of $894.3 million.
- Politics
Park City's general fund reserve stayed under the state maximum in each year from FY2019 to FY2025
The city's unassigned general fund balance reached $17.4 million at June 30, 2025, below the $18.4 million maximum stated in the city's annual report.