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Auditor: North Logan ended FY2024 with healthy asset growth, one minor finding on court costs
Summary
Allred Jackson auditor Diana Kennel reported FY2024 assets increased about $8.4M (driven by capital assets), liabilities rose about $4.7M (including a $5M bond), net position rose about $3.7M year‑over‑year; auditors found one minor finding recommending reclassification of a court charge so the state surcharge can be paid.
Diana Kennel of auditor Allred Jackson presented the fiscal year 2024 audit to the North Logan City Council on Nov. 20, highlighting positive financial trends and a single minor compliance finding.
Kennel told the council that the city’s total assets increased by about $8.4 million between fiscal years, largely because of increases in capital assets (including a new building). Liabilities also rose — approximately $4.7 million — with the largest liability noted as a $5 million bond recorded in a named fund. Net effect: equity/net position showed multi‑million dollar growth year‑over‑year (staff discussion referenced a net income swing to roughly $779,000 in the most recent reporting period for combined funds).
The audit team reported one minor finding related to classification of a court charge: one court charge was classified as a court expense rather than a fine, which resulted in the city not remitting the required state surcharge. Auditors recommended reclassifying the item, paying the surcharge, and monitoring the account monthly to avoid reclassification errors.
Kennel described the audit process as smooth and praised staff accessibility during the audit. The council had no substantive questions that changed the findings; Kennel was excused after presentation.
