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Riverton finance committee approves $1.42 million in claims, transfers $10,000 TAD reimbursement to Rendezvous Balloon Committee
Summary
The Riverton Finance Committee approved payment of $1,417,488.15 in payroll and liabilities and authorized an internal $10,000 transfer to the Riverton Rendezvous Balloon Committee as a tourism asset-district (TAD) reimbursement.
The Riverton Finance Committee on Sept. 2 approved payment of claims totaling $1,417,488.15 and authorized an internal transfer of $10,000 to the Riverton Rendezvous Balloon Committee for a tourism asset-district reimbursement.
The committee voted to pay payroll and liabilities of $858,303.50 and additional liabilities of $559,184.65, for a combined total of $1,417,488.15. Councilwoman Karen Johnson moved the claims approval; Councilwoman Rebecca Pearson Lewis seconded and the motion passed by voice vote.
Committee members then approved the internal transfer of $10,000 to reimburse the Rendezvous Balloon Committee from the city’s TAD tourism asset funds. Councilwoman Johnson moved the transfer and Pearson Lewis seconded; the motion carried without amendment.
Administrative Services Director Miss Harris explained that the TAD tourism asset dollars and the Rendezvous committee funds are managed by the city in separate internal accounts. Because the transaction moves money between two city accounts rather than issuing a check to an outside vendor, staff requested a formal council-approved internal transfer.
The Finance Committee adjourned at 6:50 p.m. and the approvals were forwarded to the full council as part of the consent agenda later in the evening.
