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Kanab staff report midyear revenue shortfall driven by lower building‑fee receipts; expenditures include $170,000 fire capital contribution
Summary
City Manager Kyler Ludwig told the council that Kanab’s second‑quarter revenues are about 8% below budget year‑to‑date—largely due to lower building‑fee income—with sales tax varying month to month; a $170,000 Fire Capital contribution is raising expenditures as the city invests toward a ladder truck.
City Manager Kyler Ludwig presented Kanab’s FY2026 second quarter financial report on Feb. 10, 2026, saying revenues are roughly 8% below expectations at the halfway point of the fiscal year and that building fees account for a large portion of the shortfall.
Ludwig said building fees make up about 74% of the revenue decrease, representing roughly $2 million noted in the discussion. Sales tax collections were down in the range of 6–12% and one month showed an unusually large drop; transient room tax (TRT) revenue rose slightly. Interest income declined as market rates adjusted, while property tax collections improved due to higher compliance. On the expenditure side, a new $170,000 Fire Capital contribution is included to support acquisition of a ladder truck.
Ludwig described the report as a snapshot and said some items not yet reflected in quarter two will adjust before year end; staff will continue to monitor and report concerns to the council.
