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Dunedin commission approves $5 million interfund loan to cover hurricane-related costs
Summary
The City Commission unanimously approved Resolution 25-01 to lend $5 million from the fleet fund to the general fund to cover immediate storm-related costs from hurricanes Helene and Milton; staff said the loan is temporary and expected to be repaid with FEMA reimbursements.
The Dunedin City Commission on Jan. 9 approved Resolution 25-01, authorizing an interfund loan of $5,000,000 from the city's fleet fund to the general fund to cover storm-related costs from hurricanes Helene and Milton.
City Finance Director Les Tyler said the loan will address immediate cash-flow needs for debris removal, repairs to city property and other hurricane-related expenses while reimbursements from FEMA and the state proceed. "This item is established an interfund loan of $5,000,000 between our city's internal service fund fleet fund to our city's general fund for the storm damage we incurred for the two hurricanes, Helene and Milton," Tyler said.
Tyler told commissione…
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