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Audit: Emigration Canyon fund balance up; no audit findings in FY24 six‑month statements
Summary
The district’s FY24 audited financial statements (six‑month reporting period for Jan. 1–June 30, 2024) showed an increase in net position and no audit findings. The audit and interim statements prompted council questions about cost allocations and invoicing for shared services.
The auditor presented Emigration Canyon’s audited financial statements covering the six‑month period from Jan. 1 to June 30, 2024, noting the condensed reporting period required by the district’s transition to a fiscal year. The auditor told the council the district’s net position increased during that span and that the audit produced no findings.
The contracted auditor reported that Emigration Canyon’s assets stood at approximately $4,400,000 and liabilities at about $215,000, producing an approximate net position of…
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