A facts-only review of St. George's budget, audit, debt and redevelopment agencies, starting with the fiscal 2025 annual financial report and the fiscal 2027 adopted budget.
The fiscal 2027 budget moves St. George's airport into its own enterprise fund, backed by an estimated $14.1 million fiscal 2026 transfer of restricted general fund balance.
The fiscal 2027 budget moves St. George's airport into its own enterprise fund, backed by an estimated $14.1 million fiscal 2026 transfer of restricted general fund balance.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
The fiscal 2027 budget, adopted 5-0 on June 18, states a $121,791,905 general fund in its narrative, while its general fund revenue table totals $121,736,112, a $55,793 difference.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
St. George's fiscal 2025 financial report says the Tech Ridge community development area fund's balance fell by $5,793,632 after a transfer for the development's east access road, financed by a loan from another city fund.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
The city's fiscal 2025 report shows bonded debt fell by $7,148,000, and records an S&P downgrade of the 2016 electric revenue bonds from A to A- with a negative outlook.