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Quarterly finance update: Moab revenues roughly flat; transfers to CIP and recreation planned
Summary
City finance staff told the council revenues are near last year’s levels and showed underspending in several departments; the city will transfer property‑tax proceeds to capital projects and parks/recreation funds and complete an audit in the fall.
City finance staff presented an updated quarterly finance report on Aug. 26 showing overall revenue roughly flat compared with the prior year and expenditures under budget across several departments.
Staff provided an updated revenue figure for the tax portion of revenues of about $17.21 million, noting that amount includes property tax and represents roughly a 1.8–2% increase over the amount budgeted. Excluding property tax, tax revenues were essentially flat compared with the prior year. Staff cautioned the figures remain unofficial until the external audit is completed…
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