During a recent government meeting, officials discussed the financial sustainability of various enterprise funds, emphasizing the need for each fund to operate independently without reliance on the general fund. The focus was particularly on the stormwater fee, which is intended to cover all operating costs and a portion of capital improvement projects (CIP). Officials acknowledged that while the CIP fluctuates annually, the goal remains to ensure that these funds can sustain themselves through their own fees.

A significant concern raised was the projected increase in deferred maintenance costs, which could rise from $23 million in 2023 to approximately $75 million by 2043 if current funding levels are not increased. The council is considering a phased approach to gradually increase funding over the next three years to address this backlog. The discussions highlighted the volatility and uncertainty surrounding infrastructure funding and maintenance, with officials noting the challenges in accurately forecasting future needs due to the complexity of the existing infrastructure.

Additionally, the council is exploring a tiered funding approach for upcoming projects, including a new water tank and necessary upgrades to the water treatment facility. The urgency of these projects is underscored by statutory requirements to begin design and construction soon. As the council continues to work with consultants, they aim to refine their financial strategies and address the growing maintenance backlog effectively.