Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cottonwood Heights posts clean FY2025 audit; two compliance findings noted
Summary
Finance Director Scott Georges presented the city’s FY2025 financial statements and described a clean auditor opinion, a net position of about $66 million, and two audit findings: late deposit timing (now corrected) and unexpectedly large fire‑hydrant maintenance invoices that caused a public‑works budget overage.
Cottonwood Heights Finance Director Scott Georges told the City Council on Tuesday that Larson and Company issued a clean opinion on the city’s FY2025 financial statements covering July 1, 2024 through June 30, 2025.
Georges highlighted key figures from the report: total net position of about $66,000,000; net investment in capital assets of roughly $52,000,000 (roads, bridges, parks and buildings); and an ending fund balance reported at about $5,900,000. He said…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
