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Scofield council adopts amended 2025 budget, approves 2026 budget and authorizes $40,000 utility-to-general transfer
Summary
The council adopted an amended fiscal year 2025 budget, approved the proposed 2026 budget and authorized transferring up to $40,000 from the utility fund to the general fund for fiscal year 2026; $40,000 was already transferred from the utility fund for FY2025.
The Scofield Town Council on Monday adopted an amended fiscal year 2025 budget, approved its proposed 2026 budget and authorized transferring up to $40,000 from the town’s utility fund to the general fund for fiscal year 2026.
The council noted that $40,000 had been transferred from the utility fund to the general fund for fiscal year 2025 earlier in the year. During the meeting a council member said, “$40,000 has been transferred from the utility fund to the general fund for fiscal year 2025,” and the council later approved a motion authorizing a transfer of up to $40,000 for FY2026.
Councilors discussed that the amended budget does not obligate spending beyond amounts appropriated; one council member said the amended figures identify available appropriations and do not mean the town will necessarily spend every line item. A motion to adopt the amended 2025 budget and a separate motion to adopt the proposed 2026 budget were both moved, seconded and approved.
Ending: Council members asked staff to monitor the town’s revenue streams and potential effects on utility rates if mine-related income declines. No specific rate increases or further budgetary actions were taken at the meeting.
