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Staff proposes $5 million cash transfer from general fund toward Fire Station 4; commission gives preliminary support
Summary
Finance staff presented general fund projections and proposed using $5 million of current reserves to partially fund a new Fire Station 4, which would reduce the general fund balance but could save interest on borrowing; commissioners signaled support to budget the transfer and asked staff to finalize financing plans.
Debbie Pack, the city’s director of finance and administration, presented projections July 14 showing the general fund ending balance at about $32.0 million as of Dec. 31, 2024 and a projected year‑end fund balance of roughly $27.8 million for 2025 under current assumptions. Pack said that, with those reserves, city staff proposed using $5 million in cash from the general fund to partially fund construction of Fire Station 4 and thereby reduce future debt issuance.
Pack said…
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