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Council hears stormwater fund balance, advisory board role and bond questions
Summary
Councilors discussed the stormwater fund balance and limits on regional projects without bonding. Staff said the stormwater fund had a beginning balance of about $3.02 million and that the stormwater advisory board approves that budget, not the council.
Councilors reviewed the stormwater account and asked how stormwater projects will proceed in coming years, including whether the city will pursue bonding to accelerate larger regional projects.
Renee, the director of public works, and staff told the council that the stormwater fund is a restricted fund overseen by a stormwater advisory board and reported a beginning balance of $3,020,753. Staff said that fund revenue stays in the fund and cannot be spent on…
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