Auditing Manti
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.
Read the explainer →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: what's drawn and what's budgeted →
- $700,000Bond proceeds received as of June 30, 2025Manti's $7.5 million zero-interest bond for a water treatment plant: what's drawn and what's budgeted →
- $289,809Fiscal 2025 general fund spending above revenue, before transfers and asset salesManti budgets $350,000 in utility transfers and $470,000 from 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 from reserves for its general fund →
Debt and bonds
Manti's $7.5 million zero-interest bond for a water treatment plant: what's drawn and what's 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.
Budgets, reserves and taxes
Manti budgets $350,000 in utility transfers and $470,000 from 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.
Contracts and spending
No story in the series on this yet.