Council approves transfers to repay temporary sewer loan; $101,000 interest to be handled separately
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Summary
The council approved resolution 2025-10c to reduce appropriations and transfer funds to repay a temporary loan from the Sewer fund; staff said the action repays most of the loan while a $101,000 interest amount will be addressed through the Board of Public Works once funds post to the account.
The Madison City Council approved a resolution to reduce certain budget appropriations and transfer funds between funds to repay a temporary loan from the sewer fund, city staff said.
City staff explained the transfers mirror a prior presentation and are intended to move available appropriations to the Sewer Capital Fund to repay the loan. Staff noted the action does not cover a stated remaining interest amount of $101,000; that interest will be processed through the Board of Public Works because it is a utility-to-utility transfer, staff said. The staff presentation described the repayment as “full repayment minus the 101,000 in interest.”
During the discussion staff read two sections: a top section reducing current-year appropriations (restoring unused appropriations to their originating funds) and a bottom section moving funds into the Sewer Capital Fund for repayment. Staff said the top portion reduces the budget by $333,500. The staff presentation included other numeric references: a total originally stated as "$5.75" and a difference described as "$4.74," but the transcript did not specify units for those two figures; staff said they will confirm interest posting and then complete the remaining utility-to-utility transfer through the Board of Public Works.
Councilmembers approved the resolution by roll call; recorded votes were: Patrick Tavanau — yes; Carla Kratz — yes; Lucy Dottillo — yes; Josh Schafer — yes; Joel Storm — yes; Jim Bartlett — yes. Councilmember Josh Wilbur was absent. The motion passed.
