Finance committee plans August review of water and sewer finances, $7 million capital list

Finance committee members discussed timing and sequencing for a planned presentation on water and sewer finances and a separate $7 million capital list that is part of a bond repayment recommendation. A committee member said staff expects to be ready to present a comprehensive overview of water and sewer revenues, expenditures and projections by the first Tuesday in August; the transcript records the committee identifying that date as the fifth. Staff also said a fuller recommendation tied to a separate item dubbed “Noah’s Ark” would follow after a presentation the committee could receive on the nineteenth, and the committee would determine how deeply to review that material in committee after receiving the recommendation. The presenter said the $7 million capital list is tied to a bond issue; the bond proceeds and repayments are part of the finance planning being prepared for committee review. Members discussed how to balance time in committee between the water and sewer financial presentation and the Noah’s Ark recommendations once both items are available. No formal motion or vote on schedule or approvals was recorded in the transcript; the discussion concluded with staff agreeing to prepare baseline financials for the committee and to provide the broader recommendations when ready.