Staff: Pool construction finished and winterized; board presses for clearer loan and donation accounting

The Parks and Recreation Advisory Board discussed the newly completed pool project, winterization work and outstanding questions about how donations and loan payments are being reported.

City staff said construction by contractor Ascend is finished and the pool was winterized; staff told the board some final tile and flooring work is scheduled because the incorrect materials were initially installed. The board’s financial discussion focused on an existing loan tied to the pool, a small dedicated checking account for pool donations and how debt service is shown on the financial statements.

Board members asked where the pool-related cash balances would be applied and whether the separate pool checking account should be closed or used to apply principal to the loan. Staff said the payouts to the construction contractor have been completed and future payments will be limited to loan service. Staff also said the separate pool checking account remains open to accept large donations and to keep those…