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Bountiful posts clean FY2025 audit despite fiber fund deficit; council hears financial report
Summary
City finance staff reported rising net position and $131 million in cash and investments for FY2025. Independent auditors issued an unmodified (clean) opinion on the city'wide financial statements but noted a deficit in the fiber fund and a minor URS-reporting documentation issue.
Bountiful City officials presented the FY2025 annual comprehensive financial report to the council on Nov. 25 and received an independent audit opinion.
Finance director Tyson Beck reviewed high-level results, telling council the city's net position remains healthy and that combined cash and investments totaled about $131 million at June…
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