The Ledger is reviewing Wellsville City's public financial records, starting with its audited financial statements for fiscal 2025. The auditor issued an unmodified opinion and reported no findings. The city's only bond debt was $1,710,000 in water revenue bonds. Every figure comes from a linked public record.
Wellsville noticed a 1.04% property tax revenue increase, excluding new growth, and held a hearing Aug. 19. The July notice says $3,703 a year, the agenda says about $4,060, and the county's Sept. 24 report lists $3,703 at a 0.000810 rate.
Wellsville noticed a 1.04% property tax revenue increase, excluding new growth, and held a hearing Aug. 19. The July notice says $3,703 a year, the agenda says about $4,060, and the county's Sept. 24 report lists $3,703 at a 0.000810 rate.
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Wellsville's Wastewater Collection Fund reported a $320,810 operating loss in fiscal 2025 and ended the year with $9,491 in cash and a $190,000 cash advance owed to the Storm Water Fund. Grants and developer contributions lifted its net position by $347,432.
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Wellsville's fiscal 2025 audit reports $1,700,000 owed on a $3,200,000 water revenue bond from the State of Utah Division of Drinking Water, at 2.4% interest through 2045. The city's management said the ongoing water project would need additional draws.
