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Park City receives clean audit for 2024; cash balances rose $17 million
Summary
Auditor Forbus Mazars presented a clean statutory audit for Park City’s 2024 financial statements, reporting a $17 million increase in cash largely tied to capital project financing and a $2 million gain in the general fund tied to a new sales tax; council voted to receive and file the audit 5-0.
Park City officials received and filed the city's 2024 financial audit on June 24 after auditors issued a clean opinion under the state's statutory reporting framework and reported a sizable increase in cash balances tied to capital projects.
Michael Gerber, a partner with the audit firm Forbus Mazars, presented the results. Gerber explained…
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