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Orangeville council opens hearing on $54,100 transfer from utility fund to general fund
Summary
The Orangeville City Council opened a public hearing to discuss transferring $54,100 in utility-fund surplus to the general fund to cover unforeseen expenditures; staff said the move would avoid a property tax increase. No public comments were recorded and the hearing was closed with procedural votes.
Presiding official K. opened an Orangeville City Council public hearing to discuss a proposed transfer of $54,100 from the city's utility (enterprise) fund to the general fund to cover unforeseen expenditures.
Gary, a staff member, told the council the transfer reflects a utility-fund profit of $54,100 and that the city does not need to continue building the utility's reserves because of how the special district…
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