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Clarkston posts $82,976 increase in net position after year of capital spending
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Summary
Clarkston Town'9s compiled FY2025 financial statements show total net position rose $82,976 to $2,722,246, driven by $1.04 million in capital outlays including a new town hall and road work; governmental funds ended the year with $349,172 in fund balance.
Clarkston Town reported a $82,976 increase in its total net position for the fiscal year ended June 30, 2025, bringing net position to $2,722,246, according to the town'9s compiled financial statements.
Town management said the increase comprised a $56,643 rise in governmental activities and a $26,333 gain in the business-type (water) activities. The report shows $1,913,021 of capital assets net of related debt, $107,588 restricted net position, and $701,637 unrestricted net position.
The report'9s management'9s discussion and analysis attributes most of the change to significant capital investment during the year. Total capital assets (net of accumulated depreciation) were reported at $2,932,444, reflecting $1,035,536 in additions partly offset by $145,083 in depreciation. Major purchases listed include $942,198 in town hall improvements and $70,660 in road work.
In fund accounting terms, governmental funds reported a combined ending fund balance of $349,172, an increase of $12,575 from the prior year. Of that total, $241,584 is unassigned and available for general purposes; $32,588 is restricted for perpetual care of the cemetery and $75,000 is restricted for capital projects.
The compilation engagement was prepared by Matthew Regen, CPA, who wrote in his report that he performed a compilation and "did not audit or review the financial statements nor was I required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, I do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements." The compilation report is dated Jan. 2, 2026.
The financial statements and accompanying notes show the town'9s resources are concentrated in long-lived assets and that the town remains reliant on taxes and fees for operating revenues. The town'9s pooled cash and cash equivalents totaled $810,756 across governmental and water funds at year end.
The report is intended to provide users a general overview of Clarkston'9s finances and directs questions about the financial statements to Clarkston Town at P.O. Box 181, Clarkston, Utah 84305.