Kanab: audit findings, general fund and airport loan
The Ledger's review of Kanab'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 Kanab: what the city's audit and budget votes show
Kanab's audited fiscal 2025 statements show a $2.7 million general fund balance, $35.6 million in total net position and about $7 million in bonds and financed purchases. The council kept revenue-neutral property tax rates and adopted its fiscal 2027 budget in June 2026.
Read the explainer →Key figures
- $2,745,395General fund balance, June 30, 2025 (audited)Auditing Kanab: what the city's audit and budget votes show →
- $4,657,502USDA water and sewer revenue bonds owed, June 30, 2025Auditing Kanab: what the city's audit and budget votes show →
- $678,391Prior-period correction to general fund beginning balanceKanab planned a $516,450 general fund drawdown in fiscal 2025, but the fund grew →
- $627,179FY2025 general fund increase vs. planned $516,450 drawdownKanab planned a $516,450 general fund drawdown in fiscal 2025, but the fund grew →
- $3.8 millionCompleted airport capital projects awaiting grant reimbursementKanab's year-end budget amendment adds transfer authority and an airport loan →
- $300,000Added general fund transfer authority in FY2026 amendmentKanab's year-end budget amendment adds transfer authority and an airport loan →
- $2.43 millionPaid to ADVANCED CONSTRUCTION AND DESIGN, LLC, the city's largest payee in FY2026, as reported to the stateTransparent Utah: Kanab City highest-paid vendors FY2026 →
Budgets, reserves and taxes
Kanab planned a $516,450 general fund drawdown in fiscal 2025, but the fund grew
Kanab's final fiscal 2025 budget planned to use $516,450 of general fund balance. The audited results show the fund grew by $627,179, and a correction for tax receivables not accrued in prior years added $678,391 to its starting balance.
Kanab's year-end budget amendment adds transfer authority and an airport loan
A June 2026 amendment to Kanab's fiscal 2026 budget, adopted 4-0, added $300,000 in general fund transfer authority. It also provided for an interfund loan to cover about $3.8 million in airport projects while the city waits for grant reimbursements.
Contracts and spending
No story in the series on this yet.
Audits and compliance
Kanab's fiscal 2025 audit reports a year-end adjustment finding and a fraud-risk item
Kanab's auditors reported a significant deficiency, numbered 2007-001, involving year-end adjustments and unperformed account reconciliations. They also found that the city's fraud risk assessment had been submitted to the state but not presented to the council. The city's written response describes steps on both.