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Edinburg reinstates depreciation reserve policy for water and solid‑waste funds
Summary
The council approved ordinances to add a depreciation reserve for both the water and solid‑waste funds, directing the city to budget a reserve equal to 5% of the average of the last four audited depreciation expenses to fund future major equipment or infrastructure purchases.
Edinburg — The City Council on July 1 approved two ordinances establishing a depreciation reserve for the water fund and for the solid‑waste fund, directing staff to budget a regular annual reserve to reduce reliance on bonds for major equipment and capital repairs.
Sierra Alto, the city’s director of finance, told the council the proposed policy sets aside the…
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