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Council approves fund consolidations and moves $250,000 PLHA administrative allocation to general fund
Summary
The council voted to combine enterprise funds, terminate solid-waste funds and transfer balances to the general fund, and approved depositing $250,000 in PLHA administrative fees into the general fund to support reserves.
The Mount Shasta City Council on July 28 approved several finance motions to combine and close legacy enterprise funds, resolve negative balances in smaller grant accounts and accept permanent local housing allocation (PLHA) administrative fees into the general fund.
Finance director Melissa Dodd presented an auditor-endorsed plan to combine paired enterprise funds (30 and 31; 40 and 41; 45 and 47) and to terminate solid-waste funds 35 and 36. Dodd said the city’s accounting system can maintain separate accounting at the account-number level while…
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