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Winooski staff outline $3.0M in general-fund reserves, potential uses and grant match needs
Summary
City staff briefed the council on roughly $3.0 million in general-fund reserves and a slate of potential future assignments — from Main Street utility work to a Champlain Mill pedestrian bridge repair — and flagged a potential grant that would require a 20% local match.
City staff told the Winooski City Council Monday that the city’s general-fund reserves total about $3,000,105 and presented a list of potential future assignments that could draw on that balance.
‘‘Currently ... we have $3,000,105.11 in general fund reserves, also known as the operating fund balance,’’ Elaine Wong, city manager, said as she walked council through the reserve-tracking sheet staff maintains.
Staff described a number of possible uses staff have begun tracking, many of which require further scoping and cost estimates before council would be asked to allocate funds. Items on the list include costs tied to…
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