Manti: water treatment bond and utility transfers

The Ledger's review of Manti's budgets, audits, debt and redevelopment money. Every story in the series, sorted by subject, with the figures the records show and links to the official documents.

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Auditing Manti: what the city's audit and budget records say about its money

A facts-only look at Manti's finances: the fiscal 2025 audit, the city's debt and fund balances, the fiscal 2026-27 budget workbook it filed with the state, and what this series will follow.

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Key figures

$15.1 millionManti's total net position at June 30, 2025Auditing Manti: what the city's audit and budget records say about its money →
$1.47 millionGeneral fund balance at the end of fiscal 2025Auditing Manti: what the city's audit and budget records say about its money →
$7.5 millionZero-interest water revenue bonds issued for the treatment plantManti's $7.5 million zero-interest bond for a water treatment plant: drawn and budgeted →
$700,000Bond proceeds received as of June 30, 2025Manti's $7.5 million zero-interest bond for a water treatment plant: drawn and budgeted →
$289,809Fiscal 2025 general fund spending above revenue, before transfers and asset salesManti budgets $350,000 in utility transfers and $470,000 of reserves for its general fund →
$350,000Utility transfers into the general fund in the FY2026-27 workbookManti budgets $350,000 in utility transfers and $470,000 of reserves for its general fund →

Each figure is as stated in the linked story, which cites its source.

Debt and bonds

Manti's $7.5 million zero-interest bond for a water treatment plant: drawn and budgeted
Manti issued $7,537,000 in water revenue bonds for a new treatment plant and had received $700,000 by June 30, 2025. Its fiscal 2026-27 budget workbook lists $7 million in state water loan proceeds and $7 million for the plant.
Published October 17, 2026 · Records checked October 17, 2026

Budgets, reserves and taxes

Manti budgets $350,000 in utility transfers and $470,000 of reserves for its general fund
Manti's electric fund sent $250,000 to the general fund in fiscal 2025, which spent $289,809 more than it took in. The fiscal 2026-27 budget workbook lists $350,000 in utility transfers, including a new $100,000 from water, and $470,000 from prior-year fund balance.
Published October 17, 2026 · Records checked October 17, 2026

Contracts and spending

No story in the series on this yet.

Follow the money

Contracts and spendingContracts, bid awards and change orders recorded in the council meetings written up
Development and road trackerZoning, annexation and public projects
City meetingsCouncil and planning commission, item by item

Budget and finances

FY2026-27 budget workbook filed with the State Auditor (listed as an interim budget on the July 1, 2026 agenda)From the city
FY2025 audited financial statements (copy filed with the state)Read the report for its fiscal year, auditor's opinion, findings and any draft designation.
State Auditor: local government financial reportsEvery budget and financial report Manti has filed with the state; search for "Manti"

Trace a decision to the money

Proposal: find the agenda item and staff packet. A proposal is not an approval.
Decision: check the minutes for the motion, vote, conditions and any later amendment. Draft minutes can change.
Agreement: look for the signed contract and change orders. An award does not prove a contract was executed.
Payment: compare invoices or payment records with the contract. An authorized amount is not the amount paid.
Year-end result: compare actual spending with the amended budget and read the audit findings and management response for the same entity and fiscal year.

Missing documents leave that step unconfirmed. Our audit series is reporting on public records; it is separate from the independent auditor's financial-statement opinion.

The records

Official documents the stories cite, from the city, the county and the state.

Council minutes and agenda packets

Reading audit findings

An unmodified opinion addresses the financial statements. A material weakness concerns controls and does not by itself establish fraud. Compare the same fiscal year and accounting basis; restated balances replace, but do not erase, originally reported figures.

How this works

Each story is filed under one subject when it is published. Where a record states something, the story says so and links it; where a story draws a conclusion or asks a question, it says that too.

Auditing Manti: what the city's audit and budget records say about its money

Key figures

Debt and bonds

Manti's $7.5 million zero-interest bond for a water treatment plant: drawn and budgeted

Budgets, reserves and taxes

Manti budgets $350,000 in utility transfers and $470,000 of reserves for its general fund

Contracts and spending