Auditing Hyde Park
The Ledger's review of Hyde Park'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 Hyde Park: what the city's audit, budget and tax records show
The Ledger is reviewing Hyde Park City's public financial records, starting with its audited financial statements for fiscal 2025 and the budget it filed with the State Auditor for fiscal 2026-27. The auditor gave an unmodified opinion on the statements but a qualified opinion on two state compliance requirements. Every figure comes from a linked public record.
Read the explainer →Key figures
- $5.8 millionGeneral Fund balance at June 30, 2025Auditing Hyde Park: what the city's audit, budget and tax records show →
- $2.9 millionWater revenue bond outstanding at June 30, 2025Auditing Hyde Park: what the city's audit, budget and tax records show →
- $5.8 millionFiscal 2026-27 General Fund budgetAuditing Hyde Park: what the city's audit, budget and tax records show →
- $2.6 millionUnassigned General Fund balance, June 30, 2025Hyde Park's auditor reports General Fund reserves over the state limit for a second year →
- 9.74%Property tax increase adopted Aug. 26, 2026Hyde Park adopts 9.74% property tax increase tied to a public works hire and sidewalk repairs →
- $65,000Budgeted sidewalk, curb and gutter repairsHyde Park adopts 9.74% property tax increase tied to a public works hire and sidewalk repairs →
- $860,568Hyde Park funding to North Park Police Agency, fiscal 2025Hyde Park's police payments to North Park Police Agency: $860,568 in fiscal 2025, $990,000 budgeted →
Budgets, reserves and taxes
Hyde Park adopts 9.74% property tax increase tied to a public works hire and sidewalk repairs
Hyde Park's council voted 4-0 on Aug. 26, 2026 for a certified tax rate of .00110 and for its final budget. The mayor said the increase would fund an additional public works employee and sidewalk, curb and gutter repairs. The budget the city later filed with the State Auditor shows a new sidewalk repair line and higher streets salaries.
Contracts and spending
Hyde Park's police payments to North Park Police Agency: $860,568 in fiscal 2025, $990,000 budgeted
Hyde Park buys police services from the North Park Police Agency under an interlocal agreement with North Logan. Its audit reports $860,568 in funding for fiscal 2025, and its filed budget lists $990,000 for the contract in fiscal 2026-27.
Audits and compliance
Hyde Park's auditor reports General Fund reserves over the state limit for a second year
Hyde Park's fiscal 2025 audit repeats a finding that the General Fund's unreserved balance exceeded the state's 35% limit, and adds a finding that the wastewater fund spent more than its final budget. The auditor qualified its state compliance opinion on both points.