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Committee approves $15 million transfer to Greater Cincinnati Water Works capital fund
Summary
The Budget and Finance Committee authorized transferring $15 million from the Water Works Fund to the Water Works Capital Improvement Fund to support the utility’s capital improvement program.
The Budget and Finance Committee on Oct. 11 advanced an ordinance to transfer $15,000,000 from the Water Works Fund to the Water Works Capital Improvement Fund to support capital projects for Greater Cincinnati Water Works.
The administration described the transfer as a standard internal move to ensure resources are available for the utility’s capital improvement program. The staff presentation said the transfer will authorize the use of those funds for capital improvements to the water system.
Why it matters: the transfer directs existing water fund resources into the capital fund to pay for planned water infrastructure work.
Action taken: the committee placed the ordinance on for passage.
