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Ogden City audit returns clean opinion; auditors flag sole budgeting issue for new special‑purpose entity
Summary
City auditors issued an unmodified opinion for the FY2024–25 financial statements; auditors noted one state‑compliance finding tied to a late‑formed special‑purpose entity and reported no significant internal‑control deficiencies. Council accepted the audit for review.
The Ogden City Council voted Jan. 6 to accept for review the city’s FY2024–25 audit and annual comprehensive financial report after auditors from HBME issued an unmodified (clean) opinion on the city’s financial statements.
Jeff Miles of HBME told the council the audit went well and that the firm issued a clean opinion under generally accepted accounting principles. Miles said auditors identified one finding related to state compliance: an SPE (special‑purpose entity) that was formed late in the budget year and for which the city had not adopted a budget before certain debt‑related expenditures occurred. He said this was a one‑off issue tied to the timing of the SPE’s formation and not part of a recurring control breakdown.
City staff briefed the council on key figures in the report. Management said governmental and enterprise fund balances rose about 3.38% over the prior year, long‑term debt increased by roughly $9 million connected to the purchase of the Forest Service Building and SPE activity, and the city invested more than $110 million in capital infrastructure during the fiscal year, including work on the canyon pipeline, the Marshall White Center completion and a parking tower.
Auditors said they did not propose any journal entries during the audit — a sign they did not identify misstatements requiring correction — and reported no significant control deficiencies. The city’s federal single audit (required when a government spends more than $750,000 in federal funds) remained in process and was expected to be posted soon for review.
Councilmember Jaberka moved to accept the audit report for review; the motion was seconded and approved by voice vote. A separate motion to accept the annual comprehensive financial report was carried in a subsequent voice vote.
City staff said the report and related documents are posted on the city website and that council members and the public can review the 200‑page package ahead of a work‑session discussion scheduled for early February.
