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Finance committee approves closing dormant trust funds and transferring balances to general and water funds
3354731 · May 14, 2025
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Summary
The committee approved a substitute ordinance authorizing the chief financial officer to close a list of dormant trust funds and transfer remaining balances to the general fund and the water and wastewater fund, with substituted totals presented during the meeting.
The Finance and Executive Committee voted May 14 to close a set of dormant or unused trust funds and transfer remaining balances to the general fund and the water and wastewater repair and expansion fund.
The ordinance substitute presented by the committee authorizes the chief financial officer to close the trust…
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