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Council tables proposal to close CIP 02/2007 and transfer balance to equipment fund
2822447 · February 18, 2025
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Summary
Council discussed closing a dormant CIP fund with a roughly $157,000 balance and voted to table action until staff and auditors provide more reconciliation and options, including possibly leaving the balance unassigned.
The council tabled action on a proposed resolution to close the CIP 02/2007 account and transfer the remaining balance to the equipment fund after extended discussion about reconciliation and timing.
Staff told the council the CIP 02/2007 fund has…
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