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Kaysville review of audited finances shows strong fund balance; council sets FY26 timeline
Summary
City staff presented the annual comprehensive financial report and a year‑to‑date financial review, reporting an unassigned general‑fund balance near the statutory ceiling, unusually high investment earnings and a timetable for the FY26 budget process.
Kaysville City staff reviewed the audited financial statements and a year‑to‑date financial summary on Feb. 14, saying the city’s governmental funds are in healthy condition and laying out the schedule for the FY26 budget.
The presentation centered on the city’s annual comprehensive financial report (formerly called the CAFR) and fund balance classifications. Staff reported the city’s unassigned general‑fund balance at about 35 percent of revenues (roughly $7.7 million), near the upper range the council discussed as allowable. Staff said the city preserves restricted and assigned…
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