North Ogden audit committee reviews FY2025 finances; aquatic center posts surplus, roads funding remains short

North Ogden’s Audit Committee reviewed the city’s unaudited fiscal year 2025 financial results on Sept. 18, hearing from Peter Brown, finance director, that the city ended the year with most material revenues and expenditures recorded but with some year-end capital reconciliations still outstanding.

Brown said the general fund and the aquatic center outperformed their revenue projections while keeping expenditures below budget. “We held nearly $1,200,000 in fungible cash,” Brown said, adding that the city also has “about $5,000,000 and some change tucked away in a bond” and the lion’s share of investments in the state pool. He cautioned that a few remaining capital reconciliations could shift asset and liability lines but would not materially change recognized revenues and expenditures.

The committee heard that the aquatic center finished the year with revenues exceeding expenses. Brown and other participants said some seasonal revenues (for example, season passes) were deferred into the following year when appropriate. Committee member Randy noted prior…