Auditing Wellsville
The Ledger's review of Wellsville'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 Wellsville: what the city's audit, budget and tax records show
The Ledger is reviewing Wellsville City's public financial records, starting with its audited financial statements for fiscal 2025. The auditor issued an unmodified opinion and reported no findings. The city's only bond debt was $1,710,000 in water revenue bonds. Every figure comes from a linked public record.
Read the explainer →Key figures
- $3.1 millionGeneral Fund balance at June 30, 2025Auditing Wellsville: what the city's audit, budget and tax records show →
- $1.7 millionTotal bond debt at June 30, 2025, all water revenue bondsAuditing Wellsville: what the city's audit, budget and tax records show →
- $2.54Proposed yearly increase in city tax on a $578,000 homeWellsville's proposed 2026 property tax increase: $2.54 a year on a $578,000 home →
- $3,703Added property tax revenue per year stated in the July noticeWellsville's proposed 2026 property tax increase: $2.54 a year on a $578,000 home →
- $1.7 millionOwed at June 30, 2025 on a $3.2 million state drinking water bondWellsville drew $1.7 million of a $3.2 million state water bond in fiscal 2025 →
- $320,810Sewer fund operating loss in fiscal 2025Wellsville's sewer fund ended fiscal 2025 with $9,491 in cash and a $190,000 advance →
Debt and bonds
Wellsville drew $1.7 million of a $3.2 million state water bond in fiscal 2025
Wellsville's fiscal 2025 audit reports $1,700,000 owed on a $3,200,000 water revenue bond from the State of Utah Division of Drinking Water, at 2.4% interest through 2045. The city's management said the ongoing water project would need additional draws.
Budgets, reserves and taxes
Wellsville's sewer fund ended fiscal 2025 with $9,491 in cash and a $190,000 advance
Wellsville's Wastewater Collection Fund reported a $320,810 operating loss in fiscal 2025 and ended the year with $9,491 in cash and a $190,000 cash advance owed to the Storm Water Fund. Grants and developer contributions lifted its net position by $347,432.
Wellsville's proposed 2026 property tax increase: $2.54 a year on a $578,000 home
Wellsville City noticed a property tax revenue increase of 1.04% above last year's budgeted amount, excluding new growth, and held a hearing on Aug. 19, 2026. The July notice puts the added revenue at $3,703 a year; the Aug. 19 agenda says approximately $4,060, or about 1.12%.
Contracts and spending
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