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Council approves series of budget transfers and grant matches; comptroller reports clean audit and $326,000 general-fund surplus
Summary
City approved multiple transfers and appropriations to close prior-year items, matched an EPA assessment grant, moved funds to the Board of Education and adjusted sinking-fund accounts; the comptroller reported a clean audit, a $326,000 surplus and a $31.4 million fund balance (12% of expenditures).
The City Council approved a package of routine budget transfers, grant matches and appropriations meant to reconcile year-end accounts and support ongoing projects, while the comptroller briefed the board on tax collections, the audit and a debt-refinancing that produced long-term savings.
Key approvals at the meeting - Transfer and match for NVCOG EPA assessment grant: council approved transferring $65,100 from the general-fund contingency for the city match and an additional appropriation of $71,500 in the special grants and donations fund for the NVCOG EPA assessment grant award. - Equipment/building sinking-fund and Board of Education (BOE) adjustments: council approved transferring $1,250,000 from the equipment building sinking fund contingency account and an additional appropriation of $1,250,000 within the BOE budget to address a prior noncompliance (discussed on the record as evening up that account). Another transfer and appropriation related to the equipment building sinking fund and capital projects fund, $53,847, was also approved. - General fund and ARPA items: council approved a…
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