A guide to Smithfield city's finances from its FY2025 audited financial statements, its adopted budgets and City Council minutes: an unmodified audit opinion, two state-compliance findings, $1.4 million in bonds and a water tank the city is funding from cash reserves.
The City Council voted 5–0 in June 2026 to raise monthly garbage, recycling and green-waste rates. Staff cited a 4% increase from the carrier, higher Logan landfill fees and can costs. The FY2027 budget raises the carrier contract line to $1,130,000.
The City Council voted 5–0 in June 2026 to raise monthly garbage, recycling and green-waste rates. Staff cited a 4% increase from the carrier, higher Logan landfill fees and can costs. The FY2027 budget raises the carrier contract line to $1,130,000.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
The City Council voted 5–0 in December 2025 for a budget amendment that moved $3 million from the General Fund to the Capital Improvement Fund, which the city manager tied to the audit's 35% fund-balance threshold. A later budget filing estimates a larger FY2026 transfer.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
City officials reported in November 2025 that the contract for a 3-million-gallon water tank had been signed with Spindler Construction and that the city would pay for it in cash. The expected completion moved from September 2026 to November 2026 to the first quarter of 2027 in later reports.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
The auditor reported that Smithfield city did not document 40 hours of financial training claimed on its fraud risk self-assessment, and that the General Fund's unreserved balance was 36%, above the 35% state threshold. The opinion on state compliance was not modified.
