Utah’s Division of Finance recently completed its Comprehensive Annual Financial Report, or CAFR, for fiscal year 2017. The Office of the State Auditor audited the CAFR and issued its audit opinion which is contained within the report, which may be found online.
In addition, the office released its annual Statement of Long-Term Liabilities and Commitments for the State of Utah. The state’s constitutional debt limit as of June 30 was $5.22 billion. During the ordinary course of operation, the state and its various component units incur an array of debt and other long-term commitments. This report provides a simplified summary of that debt and those commitments. As of June 30, long-term liabilities for the state’s governmental activities was $3.87 billion, or approximately 74 percent of the constitutional debt limit. The state’s business-type activities reported $1.95 billion in long-term liabilities while the state’s component units had $2.19 billion in long-term liabilities.
A copy of this statement can be viewed online.
