Auditing Kaysville
The Ledger's review of Kaysville'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 Kaysville: what city records show about its audit, reserves, debt and new borrowing plans
The Ledger is reviewing Kaysville's public financial records, starting with the fiscal 2025 audit, the fiscal 2027 property tax increase, a proposed operations-center bond and the fire-station bond election the council canceled on Oct. 7. Every figure comes from a linked public record.
Read the explainer →Key figures
- $7.6 millionGeneral Fund balance, June 30, 2025 (audited FY2025 report)Auditing Kaysville: what city records show about its audit, reserves, debt and new borrowing plans →
- $4.9 millionMBA lease revenue bonds outstanding, June 30, 2025Auditing Kaysville: what city records show about its audit, reserves, debt and new borrowing plans →
- $6.5 millionMaximum principal authorized for operations-center bonds, Sept. 17, 2026 (not yet issued)Kaysville sets a $6.5 million ceiling for operations-center bonds backed by sales and other taxes →
- $9.2 millionEstimated total debt service under the notice's assumed financing planKaysville sets a $6.5 million ceiling for operations-center bonds backed by sales and other taxes →
- $802,910Added annual property tax revenue from the Aug. 6, 2026 increaseKaysville's 2026 property tax increase: $802,910 more a year, adopted 5–0 →
- $1.94 millionARPA money transferred to the Water Fund, fiscal 2025 (June 30, 2025 basis)Kaysville moved its last $1.94 million in pandemic relief money to its Water Fund →
- $55,000Not-to-exceed amount in draft library architect agreement (Oct. 15, 2026 packet)Kaysville staff recommend AJC Architects for historic library work, capped at $55,000 →
Debt and bonds
Kaysville sets a $6.5 million ceiling for operations-center bonds backed by sales and other taxes
On Sept. 17, the council approved parameters for up to $6.5 million in sales tax revenue bonds to renovate and expand its public works and utility operations center. The notice estimates $9,166,725 in total debt service; final terms have not been set and a public hearing is scheduled for Nov. 5.
Kaysville canceled its $16.5 million fire-station bond election
Kaysville put a proposition for up to $16.5 million in general obligation bonds for a fire station on the Nov. 3, 2026 ballot, held a public hearing on Oct. 1 and then canceled the election at an Oct. 7 special meeting. The question still appears on printed ballots, but votes on it will not be counted. No bonds have been issued.
Budgets, reserves and taxes
Kaysville moved its last $1.94 million in pandemic relief money to its Water Fund
Kaysville's fiscal 2025 annual financial report says the city spent $1,946,308 of its American Rescue Plan Act money that year and transferred the remaining $1,941,422 to its Water Fund for previously designated projects, then dissolved its ARPA fund.
Kaysville's 2026 property tax increase: $802,910 more a year, adopted 5–0
On Aug. 6, Kaysville's council unanimously adopted a property tax increase and its final fiscal 2027 budget. The state's 2026 table lists the city's general operations rate at 0.001586 and $6,484,991 in budgeted property tax revenue.
Contracts and spending
Kaysville staff recommend AJC Architects for historic library work, capped at $55,000
An Oct. 15 council packet recommends selecting AJC Architects, chosen from 15 firms, for initial work on the city's historic library building, under an agreement not to exceed $55,000. The Ledger has not confirmed the council's vote.