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City finance staff say water and storm funds can support a $6 million interfund loan while meeting 20% reserve policy
Summary
Acting Finance/utility staff presented a spreadsheet analysis showing the water and storm enterprise funds have capacity to support a $6 million loan to the general fund (water $3.5M; storm $2.5M) and still meet the city’s 20% operating‑expense reserve and near‑term capital needs.
Acting finance and utility staff presented an analysis on Jan. 28 showing water and storm enterprise funds can support an interfund loan of $6,000,000 to the general fund while maintaining the city’s adopted reserve requirements and funding near‑term capital needs. The analysis, presented by Acting Director Dunscombe, used the adopted 2024 and 2025 budgets, the city’s capital improvement plan and the…
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