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Hideout reports favorable third-quarter budget variances; town keeps reserve funds for roads and development
Summary
Hideout finance staff reported the town is essentially flat to budget for fiscal 2025 with favorable offsets from MIDAH and Class C road funds, higher permit revenue and reduced operating hires; water and sewer funds also showed favorable variances but staff noted higher external engineering costs.
Hideout finance staff briefed the Town Council on the third-quarter review of fiscal 2025 finances on April 10 and reported the town is largely on track with several favorable variances.
Katie, a town finance staff member, told the council general-fund operating income showed a favorable variance of about $269,000 but that the margin was largely driven by favorable results in the MIDAH municipal/development fund and Class C road fund. Staff had budgeted transfers of some $365,000 from those funds to cover operating costs; with stronger-than-expected building-permit revenue…
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