Trace the decisions and financial records linked to Naples's projects. A budget, bond ceiling, contract authorization and actual payment describe different things.
Naples' fiscal 2025 audit reports one compliance finding: the city's unrestricted general fund balance exceeded the 35% maximum in state law by $875,018. The city said it would adopt the auditors' recommendation.
Graphic: The Utah Ledger · Original graphic · The Utah Ledger
Naples' council adopted a parameters resolution in July for up to $1.5 million in street improvement revenue bonds for 2500 South, at no more than 2% interest over no more than 10 years. The fiscal 2027 budget lists $3,228,000 for the widening, funded by a $2,259,000 grant and a $969,000 loan.
Graphic: The Utah Ledger · Original graphic · The Utah Ledger
An engineer told the Naples council in August that the 2000 East project's estimated cost was $1.8 million against a $1.65 million budget. The council asked for the cost of a continuous sidewalk on the west side before bids go out.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
Naples' fiscal 2025 audit lists a $923,000 storm water bond at 0.50% interest maturing in 2044. The city's budget records show the loan alongside a $2.5 million CIB grant and $3.1 million spent on drainage projects in fiscal 2025.
The council on Oct. 8 moved the 2000 East road project into final design with sidewalks on both sides, and heard a plan to seek spring water for two fishing ponds.
