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Town creates sinking funds, earmarks $2 million for public-safety capital projects
6490157 · September 19, 2025
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Summary
Resolution 2025-025 amends the fund balance policy to create a fire-rescue sinking fund and a public-safety capital project sinking fund, assigning $2 million from unassigned reserves to planned projects.
On Sept. 18 the Town Commission adopted Resolution 2025-025 to amend the town’s fund-balance policy and create two sinking funds: one for fire-rescue and one for public-safety capital projects.
Town staff explained the change formalizes earlier conversations about assigning unassigned fund balance to anticipated capital projects rather than…
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