City Council adjusts FY25 budget following favorable revenue forecasts and operational efficiencies

May 09, 2025 | Hideout, Wasatch County, Utah


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City Council adjusts FY25 budget following favorable revenue forecasts and operational efficiencies
The Hideout Town Council meeting held on May 8, 2025, focused on budget adjustments for the fiscal year 2025, highlighting both challenges and positive developments in the town's financial outlook. The council reviewed actual revenues and expenditures through April and discussed forecasts for May and June, aiming to align the budget with current financial realities.

One of the key points addressed was an unfavorable variance of approximately $279,000 in revenues. However, this was mitigated by the town's operational efficiencies, which eliminated the need for a $300,000 transfer from the Midah and Class C Road funds for municipal expenses and street repairs. The council noted that lower salaries and benefits, due to unfilled positions, contributed to this positive outcome.

The meeting also revealed a favorable trend in the enterprise fund, with an increase of about $79,000 in revenue from higher water and sewer connection fees, driven by an unexpected rise in building permits. Expenses in this fund were also favorable, showing a reduction of approximately $216,000, primarily due to lower staffing costs and stable charges from the Jordan Valley Water Conservancy District.

In addition, the council discussed the Bridal Municipal and Midah Development funds, reporting a favorable variance of $161,000. This was largely offsetting the unfavorable revenue situation in the general fund, indicating a balanced approach to managing the town's finances.

Overall, the council expressed optimism about the financial adjustments, emphasizing the importance of maintaining funds for future municipal growth and development projects. The meeting concluded with a commitment to continue monitoring the budget closely as the fiscal year progresses.

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