Auditing Clearfield
The Ledger's review of Clearfield'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 Clearfield: what the city's audit and budget show
The Ledger is reading Clearfield's budgets, audits, redevelopment records and council minutes. Here is what the city's fiscal 2025 audited report and its fiscal 2027 final budget show.
Read the explainer →Key figures
- $29.3 millionGeneral fund expenditures, fiscal 2027 final budgetAuditing Clearfield: what the city's audit and budget show →
- $5.6 millionUnassigned general fund balance, June 30, 2025Auditing Clearfield: what the city's audit and budget show →
- $35.5 millionOutstanding bonds, purchase agreement and loan, June 30, 2025Auditing Clearfield: what the city's audit and budget show →
- $172,968Forecast unrestricted balance above two-month benchmark, end of fiscal 2027Clearfield's budget forecasts reserves $172,968 above its two-month target →
- $233,106Estimated revenue from the 2026 rate above the certified rateClearfield raises property tax rate after state rejected last year's increase →
- $1 millionRemaining RDA 8 funds, staff estimate (May 2026)Clearfield dissolves 35-year-old RDA 8 with about $1 million left to spend →
- $1.16 millionUtility fund reimbursements to the general fund, fiscal 2027 budgetClearfield's utility funds send $1.16 million to the general fund for administration, plus $170,000 for water →
Redevelopment money
Clearfield dissolves 35-year-old RDA 8 with about $1 million left to spend
Clearfield's council voted 4–0 in June to dissolve Redevelopment Project Area 8, which stopped collecting tax increment in December 2025. A staff memo said about $1 million remained, and state law requires any funds unspent at the end of the dormancy period to be returned to taxing entities.
Budgets, reserves and taxes
Clearfield's utility funds send $1.16 million to the general fund for administration, plus $170,000 for water
Clearfield's fiscal 2027 budget moves $1,158,322 from five utility funds to the general fund to pay for shared administrative services, plus a separate $170,000 noncash entry for water the city uses. The $1,158,322 figure is the same in all four budget years the document shows.
Clearfield raises property tax rate after state rejected last year's increase
Clearfield's council voted 4–0 on Aug. 11 to set a property tax rate of 0.001253, above the certified rate of 0.001176, for an estimated $233,106 in additional revenue. City documents say the State Tax Commission rejected the city's previous increase in September 2025.
Clearfield's budget forecasts reserves $172,968 above its two-month target
Clearfield's fiscal 2027 budget plans to draw $2,197,288 from general fund reserves, leaving a forecast $4,418,637 unrestricted balance. That is $172,968 more than two months of operating expenses, after about $1.8 million in capital requests were deferred or eliminated.
Contracts and spending
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