La Verkin: capital projects deficit in the audit
The Ledger's review of La Verkin'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 La Verkin: what the city's fiscal 2025 audit says about its money
A facts-only look at La Verkin's finances from its audited statements for the year ended June 30, 2025: the general fund, the budget, debt, the audit opinion and the one compliance finding this series will follow.
Read the explainer →Key figures
- $2,925,962General fund balance at June 30, 2025Auditing La Verkin: what the city's fiscal 2025 audit says about its money →
- $4,600,000General fund revenues, fiscal 2025Auditing La Verkin: what the city's fiscal 2025 audit says about its money →
- $1,663,097Governmental activities debt at June 30, 2025Auditing La Verkin: what the city's fiscal 2025 audit says about its money →
- $1,572,000Water and irrigation fund bonds at June 30, 2025Auditing La Verkin: what the city's fiscal 2025 audit says about its money →
- $370,557Capital Projects Fund deficit at June 30, 2025La Verkin's fiscal 2025 audit reports a $370,557 deficit in its capital projects fund →
- $597,864Capital Projects Fund expenditures, fiscal 2025La Verkin's fiscal 2025 audit reports a $370,557 deficit in its capital projects fund →
- $888,065.42Paid to ASH CREEK SPECIAL SERVICE DIST, the city's largest payee in FY2026, as reported to the stateTransparent Utah: La Verkin City highest-paid vendors FY2026 →
Contracts and spending
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Audits and compliance
La Verkin's fiscal 2025 audit reports a $370,557 deficit in its capital projects fund
La Verkin's fiscal 2025 audit reports a negative $370,557 balance in the city's Capital Projects Fund. The auditors said the fund had not been reimbursed for spending on behalf of other funds, and that the fiscal 2026 budget had no appropriation to begin removing the deficit.