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Council approves emergency transfer to clear long-standing street maintenance advance
Summary
Council passed an emergency ordinance to transfer funds between the general fund and the Street Improvement Fund to reconcile a $580,000 advance made in 2023 and to leave $100,000 available for the 2025 street program bidding.
The City Council on April 21 approved an emergency ordinance to move money between the general fund and the Street Improvement Fund to clear an outstanding advance from 2023. Director Kennedy told council the city originally advanced $580,000 from the general fund to Fund 200 (Street Maintenance) under Ordinance 2023-84 and has not accumulated the receipts necessary to repay that amount.
Kennedy proposed transferring $680,000 from the general fund into the street fund, which would permit a $580,000 advance back to the general fund and leave $100,000 available for street work related to the 2025 paving program. "To provide the street maintenance fund with a $580,000 to then advance back to the general fund, that will clean this up as a payable in any future audit," Kennedy said. Council voted to suspend rules and pass the emergency ordinance by roll call.
Kennedy said the transfer will be part of a small appropriation amendment prepared for the next meeting. The ordinance passed on unanimous roll call at the meeting and is intended to tidy interfund accounting prior to the audit and to ensure funds are available for near-term street work.
