Michael presents quarterly financial update showing positive budget outlook

During the Moab City Council meeting on August 26, 2025, the quarterly financial update presented by Michael highlighted a positive financial outlook for the city. The updated financial report revealed that revenues have increased, with total tax revenue reaching $17.21 million, marking an 1.8% rise compared to the budgeted figures. This translates to an additional $300,000 collected beyond expectations.

Michael emphasized that expenditures are down, with several departments, including public safety and public works, operating under budget. Notably, the public works department came in over 10% under budget, contributing to a larger carry-forward into the next fiscal year. This surplus is expected to bolster the upcoming budget, providing a cushion for future projects.

Significant transfers are planned, including over $5 million allocated to capital projects and the parks and recreation fund. These transfers are crucial for maintaining city infrastructure and recreational services, which are funded primarily through the general fund.

The council also discussed the implications of staffing levels in the police department, noting that increased staffing has led to higher salary expenditures due to holiday pay and vacation buyouts. This trend will be monitored to ensure that staffing levels remain sustainable without excessive costs.

As the city prepares for the upcoming audit, the council anticipates finalizing the budget in September or October, with a focus on maintaining fiscal responsibility while addressing community needs. The next quarterly report is expected in December, where the impact of summer tourism on revenues will be assessed.