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Walsburg council reviews midyear budget amendments; consultant recommends small revenue and expenditure adjustments
Summary
Councilmembers discussed midyear revenue gains from property taxes and recommended budget amendments to cover unexpected audit and insurance costs while keeping departments within overall budget limits.
WALSBURG, Utah — The Walsburg Town Council reviewed proposed midyear budget amendments at its Feb. 27 work meeting and heard recommended adjustments from finance consultant Kyle Walker of Pelorus to reflect higher-than-expected property tax receipts and several unanticipated expenditures.
Walker told the council that the town is about two-thirds of the way through the fiscal year and that the town’s year-to-date property tax receipts had already exceeded the amount originally budgeted. “We originally budgeted the 62,000, which is based off the newer tax rate. And so this has already exceeded that by about 8,600,” Walker said, adding that delinquent and catch-up payments helped push collections higher.
The consultant recommended increasing the property-tax revenue line to better match actual receipts…
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