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Council approves $609,000 transfer from general fund to shore up sewer enterprise fund
Summary
Sierra Vista City Council approved a transfer of about $609,000 from the general fund to the sewer fund to cover a note tied to Pueblo Del Sol infrastructure, council was told the move preserves sewer ratepayer equity and maintains council reserve goals.
Sierra Vista City Council on Feb. 13 authorized a $609,000 transfer from the general fund to the sewer enterprise fund to cover the remaining balance of a note tied to infrastructure work related to the Pueblo Del Sol acquisition.
Finance staff explained the balance "after they made their July payment was $609,000 and change," and said the transfer should not be…
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