Auditing Logan
The Ledger's review of Logan's budgets, audits, debt, redevelopment money and officials' disclosures. 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 Logan: what the public records say about the city's money
A facts-only review of Logan City's budgets, audits, debt and redevelopment agency, built from the city's own published records.
Read the explainer →Key figures
- $38.9 millionGeneral fund ending balance, June 30, 2025Logan's general fund balance went from $16.7 million to $38.9 million from fiscal 2020 to 2025 →
- $83.0 millionBonds, notes and leases outstanding, June 30, 2025Logan's bonds and notes fell from $102.9 million to $83.0 million between fiscal 2021 and 2025 →
- $3.4 millionRedevelopment fund balance, June 30, 2023Logan's redevelopment fund balance fell from $11.9 million to $3.4 million from fiscal 2020 to 2023 →
- $13 million20-year tax increment revenue cap, 1400 North Main areaIn 2023 Logan approved a 20-year, $13 million tax increment area on North Main →
- 6 of 6Annual reports with unmodified auditor opinions, FY2020 to FY2025Logan's independent auditors issued unmodified opinions for fiscal 2020 through 2025 →
- $1.36 millionAdded revenue from the 2026 rateLogan's property tax rate fell from 0.001473 in 2020 to 0.000922 in 2025, then rose to 0.001085 in 2026 →
- $781,145FY2025 general fund balance increase, same in budget and auditLogan's budget and audit show different fiscal 2025 general fund totals. Both show the same $781,145 change →
- $65.1 millionBudget's FY2025 general fund revenue total, including transfers and asset salesLogan's budget and audit show different fiscal 2025 general fund totals. Both show the same $781,145 change →
- $40 millionWater bond issuance listed as a budget estimate, moved from FY2025 to FY2026Logan's $40 million in water bonds has moved from one budget year's estimate to the next →
- $46.4 millionWater tank and waterline carryforward approved Sept. 1, 2026Logan's $40 million in water bonds has moved from one budget year's estimate to the next →
Debt and bonds
Logan's $40 million in water bonds has moved from one budget year's estimate to the next
The fiscal 2026 budget estimated the First Dam water bonds would be issued in fiscal 2025. The fiscal 2027 budget shows none in fiscal 2025 actuals and lists them again as a fiscal 2026 estimate. The council has since carried forward $46.4 million for the tank and waterline.
Logan's bonds and notes fell from $102.9 million to $83.0 million between fiscal 2021 and 2025
Annual reports show principal outstanding declining each year; in 2025 the council approved bond parameters of up to $60 million and then up to $40 million for water projects.
Redevelopment money
In 2023 Logan approved a 20-year, $13 million tax increment area on North Main
Council minutes from August to November 2023 show the 1400 North Main budget, the share each taxing entity was estimated to pay, and a developer incentive cap of $10,010,000.
Logan's redevelopment fund balance fell from $11.9 million to $3.4 million from fiscal 2020 to 2023
The agency's reserves dropped as the council approved downtown plaza spending and developer incentives; its budget was $610,000 for fiscal 2027.
Budgets, reserves and taxes
Logan's budget and audit show different fiscal 2025 general fund totals. Both show the same $781,145 change
The fiscal 2027 budget's fiscal 2025 actual column counts transfers and asset sales in its general fund totals; the audited report lists them separately. The two sets of figures match line by line.
Logan's property tax rate fell from 0.001473 in 2020 to 0.000922 in 2025, then rose to 0.001085 in 2026
Council minutes list the rate adopted each year; the 2026 rate raises about $1.36 million for Fire Station 73, a police officer and street lighting.
Logan's general fund balance went from $16.7 million to $38.9 million from fiscal 2020 to 2025
Annual financial reports show the general fund's ending balance rising each year from June 2020 to June 2025, alongside higher revenues.
Contracts and spending
No story in the series on this yet.
Audits and compliance
Logan's independent auditors issued unmodified opinions for fiscal 2020 through 2025
Each annual report carries an unmodified opinion; the federal audit listing shows no findings for audit years 2022 to 2025.