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Council approves emergency transfer to clean up street maintenance advance; $100,000 net move to street fund
Summary
Council approved an emergency ordinance moving funds so the Street Maintenance Fund can repay a prior $580,000 advance to the General Fund; the administration will prepare a small appropriation amendment for the next meeting.
The council passed an emergency ordinance on April 21 to tidy up an advance from the General Fund to the Street Maintenance Fund and to provide a working balance for upcoming bids.
Finance Director Kennedy said the original advance (ordinance 2023-84) to the Street Maintenance Fund (Fund 200) was $580,000 and the street fund has not yet accumulated the cash to repay that advance. Kennedy proposed transferring $680,000 into the street fund, leaving $100,000 in the General Fund as the net transfer intended to fund the 2025 street program and allow the street fund to advance $580,000 back to the general fund for audit purposes.
Why it matters: The transfer clarifies interfund payables for audit purposes and provides immediate cash to proceed with street maintenance bidding and small projects.
Council action: The council suspended rules and passed the emergency ordinance by roll call. The administration said a small appropriation amendment will be prepared for the next meeting to formalize the change.
Next steps: Finance staff will prepare the appropriation amendment and present it at the next council meeting. The net effect noted by staff is a $100,000 movement from the general fund to the street fund after correcting the prior advance.
