Auditing Holladay
The Ledger's review of Holladay's budgets, audits, debt, redevelopment money and officials' disclosures.
The full audit section: stories by subject, key figures and records →
Background
Auditing Holladay: what city records show about money and debt, 2020 to 2026
The Ledger is reviewing Holladay's public records, starting with reserves, bonds and the Cottonwood Mall redevelopment area. Every figure comes from a linked city record.
Read the explainer →Latest update · October 16, 2026
Holladay's fiscal 2025 audit shows an $8.43 million General Fund balance
Holladay's audited financial statements for the year ended June 30, 2025 show the General Fund's total balance fell by $1,183,204 after transfers, the redevelopment agency fund held $2,888,900 overall, and $17,176,000 in sales tax revenue bonds remained outstanding.
Timeline
- Holladay's fiscal 2025 audit shows an $8.43 million General Fund balance
- Holladay council approves Royal Holladay Hills affordable housing agreement 6-0 in December 2025
- Holladay council backs $9.1 million Spring Lane Park option and adopts design plan in August 2026
- Holladay's General Fund reserve and 2022 audit: records from 2018 through 2025
- Holladay's 2022 sales tax revenue bonds: up to $19 million for roads and stormwater
- Holladay's 2025 lease revenue bonds for City Hall and Spring Lane Park: records from 2025 and 2026
- Holladay's Cottonwood Mall urban renewal area, 2008 to 2025: caps, subsidy shares and housing terms
- Holladay's May 2026 budget work meeting lists $50.4 million in fiscal 2026-27 spending
Latest updates
- Politics
Holladay's fiscal 2025 audit shows an $8.43 million General Fund balance
Holladay's audited financial statements for the year ended June 30, 2025 show the General Fund's total balance fell by $1,183,204 after transfers, the redevelopment agency fund held $2,888,900 overall, and $17,176,000 in sales tax revenue bonds remained outstanding.
- Politics
Holladay council approves Royal Holladay Hills affordable housing agreement 6-0 in December 2025
After discussions in November and early December 2025, the City Council approved an affordable housing agreement with the redevelopment agency and KMW Development on Dec. 18, 2025. Later agency agendas proposed a $2.5 million budget amendment and an amendment to the agreement.
- Politics
Holladay council backs $9.1 million Spring Lane Park option and adopts design plan in August 2026
Approved minutes show the council supported a $9.1 million full renovation of Spring Lane Park on Aug. 6, 2026 and adopted a design plan 6-0 on Aug. 20. The building authority's budget amendment to fund the increase appears in the city's recording of Aug. 6, though the authority's own minutes have not been posted.
- Politics
Holladay's General Fund reserve and 2022 audit: records from 2018 through 2025
Minutes from 2021, 2023 and 2025 give the city's reserve levels, the state limit and the 2022 audit's single compliance finding.
- Politics
Holladay's 2022 sales tax revenue bonds: up to $19 million for roads and stormwater
Council records from March to June 2022 show the bond limit, rating and interest cost for Series 2022 sales tax revenue bonds.
- Politics
Holladay's 2025 lease revenue bonds for City Hall and Spring Lane Park: records from 2025 and 2026
Council and building authority records from August 2025 to August 2026 show the financing model, bond amounts and budget figures for City Hall and Spring Lane Park.
- Politics
Holladay's Cottonwood Mall urban renewal area, 2008 to 2025: caps, subsidy shares and housing terms
City records from 2021 to 2025 describe the area's $122.5 million increment cap, its 75% shares, a 2025 signal prefunding and a proposed $2.5 million housing payment.
- Politics
Holladay's May 2026 budget work meeting lists $50.4 million in fiscal 2026-27 spending
Minutes of the May 14, 2026 work meeting record projected spending, revenue, unassigned fund balance and the building authority transfer.