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Task force asks for budget fields, longer history and inflation-adjusted views

Utah State Treasurer - Asset with Best Level of Use Task Force · June 27, 2025
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Summary

Members asked the auditor's team to add budgeted-versus-actual comparisons, expand the historical baseline where possible, and add a CPI-U-based toggle so users can view reserves in real dollars rather than nominal terms.

Several task force members pressed staff to add budgetary comparisons and longer historical series so the dashboard can distinguish routine reserves from unusual buildup. Howard Hadley (S11) and others recommended staff try to pull budget and prior-year financial statements; Marcy Mortenson (S10) said the office will attempt to include budget data where feasible but that 2018 is the first year with consistently logged submissions in the state's repository.

Members also asked for an inflation adjustment: one member recommended using the CPI-U to convert nominal balances into real dollars to show whether growth outpaced inflation. "If you go on the Fed website and you look up the inflation rate every year, the CPIU'This is the 1 I would use, this is the CPIU... put it into real dollars," a participant (S8) suggested; staff agreed to evaluate adding a toggle to show real-dollar series.