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Clarkston auditor reports stable finances after new town hall spending; council approves appointments and warrants
Summary
Certified public accountant Matt Regan told the Clarkston Town Council the town’s finances remain steady despite roughly $300,000 spent on the new town hall; the council approved a state-mandated appointments resolution and the February warrant list.
Matt Regan, a certified public accountant who compiled Clarkston’s latest financial statements, told the Clarkston Town Council on March 4 that the town’s overall financial position remained “pretty flat” despite roughly $300,000 in building spending during the last fiscal year.
Regan said the town still holds about half a million dollars in cash and receivables and that capital assets increased because of the new town hall. “If you look at your current and other assets over the last three years, I would say it's pretty flat,” Regan said. He noted the town’s water bonds have been declining and that low interest rates on those bonds make holding surplus funds fiscally reasonable in the near term.
The report reviewed government fund activity, the water utility, and the required state disclosures. Regan said the water utility and the general fund both have added to surplus in recent years. He also pointed council members to the Public Treasurer’s Investment Fund and other state transparency filings for more detail.
Mayor Heidalgo and council members discussed the town hall payoff timeline. Regan said his recommendation would retire the building loan in about 10 years if the council follows his suggested approach; the current loan term is 25 years. He also noted recurring revenue including a partial cell-tower lease payment, which the mayor said is about $1,300 per month.
Council members approved procedural items tied to the financial review. The council voted to approve the minutes from the Feb. 4 meeting and approved the warrant list for Feb. 1–28, 2025, which totaled $20,644.12 across funds. Regan told the council there were no exceptions in the state’s “agreed-upon procedures” compliance testing that accompanies compiled financial statements.
The council also approved Resolution 25-03, which designates a chief administrative officer, public information officer and records officer for Clarkston, as required by state law. The resolution names Mayor Heidalgo as chief administrative officer, Christy Hidalgo as public information officer and Holly Jones as records officer.
Council members and staff said the town’s financial transparency filings, available on the Utah auditor’s site, allow citizens to review detailed transactions and quarterly reports.
Votes at a glance - Minutes of Feb. 4, 2025: Motion to approve by Councilmember Adam Hanover; second by Councilmember Mike Kelly; outcome: approved. - Resolution 25-03 (appoint CAO, PIO, records officer): Motion and second made during the meeting; roll-call yeas recorded for Councilmembers Bridal, Stevenson, Kelly, Hanover and Peterson; outcome: approved. - Warrant list (Feb. 1–28, 2025): Motion to approve read totals and motion passed by voice vote; outcome: approved.
Ending: Regan offered to answer follow-up questions and to meet individually with council members. He reminded the council the reports he distributed are public records and available on the state auditor’s website.
