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Board approves financials and reimbursement resolution; agenda and consent items passed
Summary
The Waverly Utilities Board approved the agenda, consent items, WME financials, and Resolution 25-23-25 (reimbursement resolution). The board also voted to enter closed session under Iowa Code 22.7.
The Waverly Utilities Board of Trustees approved routine agenda and consent items, reviewed and approved municipal electric utility financial statements, and unanimously passed a reimbursement resolution at the meeting.
The board first amended and approved the meeting agenda and then approved the consent agenda, which included minutes, WME trade accounts, WCU trade accounts and internal control payroll. The board then moved to action items and approved the Waverly Municipal Electric (WME) financials.
Later the board considered Resolution 25-23-25, a standard reimbursement resolution that allows the utility to reimburse capital expenditures if it issues a bond. The resolution passed by roll call, 5–0.
The board also voted to enter closed session under Iowa Code 22.7 for confidential competitive information; the closed session motion passed on a roll-call vote.
Votes at a glance
- Agenda approval (as amended): motion/second not specified; outcome: approved (voice vote). - Consent agenda approval (minutes, trade accounts, payroll): motion/second not specified; outcome: approved (voice vote). - Approval of WME financials: motion/second not specified; outcome: approved (voice vote). - Resolution 25-23-25 (reimbursement resolution): roll-call approval, 5–0 (Brunkhorst Aye; Kaylor Aye; Hansen Aye; Buckingham Yes; Kettleson Yes). - Enter closed session under Iowa Code 22.7: roll-call approval, 5–0.
No dissenting votes were recorded in roll calls for the two items that used roll call. Several procedural votes earlier in the meeting were taken by voice and recorded as passing.
