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Finance director reports steady balances, utility capital work and improved water clarity; council hears storm cleanup and recreation updates
Summary
The Alexander City Council on Feb. 17 received a finance report noting steady total balances but a drawdown in the utility collection account tied to proactive capital repairs and projects.
The Alexander City Council on Feb. 17 received a report from the finance director showing no significant change in the city's total bank balance between December and January, but a decline in the utility-collection account that the director attributed to proactive capital repairs and ongoing projects.
The finance director said the city has been moving from a "band-aid" approach to more proactive utility work and that capital projects and previously deferred repairs have increased near-term spending in the utilities accounts. She noted a reduction of roughly $1,600,000 in the utility collection account tied to those efforts and ongoing capital work (figures provided by staff during…
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