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Interlaken council approves technical FY2026 budget amendment to reclassify transfer as appropriation
Summary
Council approved a fiscal-year 2026 budget amendment that reclassified a planned $100,000 transfer to the road reserves as an appropriation; councilmembers said the change corrects how transfers were counted and has no net effect on planned spending.
Interlaken Town Council voted to approve a fiscal-year 2026 budget amendment that reclassifies a $100,000 transfer from the general fund to the town's transportation reserve as an appropriation rather than a transfer.
The council was told the state's review flagged the town because transfers out of the general fund were being counted as expenses, creating a technical appearance that the town had spent more than it earned. The amendment moves the $100,000 out of the general fund's transfer line into a "general fund balance to be appropriated" line and increases the transportation reserves by $100,000. The presenter said the change has "zero" net fiscal impact on the town's planned spending.
A motion to approve the amended budget was made and seconded and carried by the council without further discussion. The council recorded the vote as in favor; the meeting transcript indicates unanimous approval. There were no public hearings required for this amendment.
