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Council moves $4.7 million of excess reserves into capital, streets and facilities funds
Summary
Fountain Hills council approved transfers of $4.7 million of excess general‑fund reserves to support capital projects, road paving and facility needs, including $1.0 million set aside for the lake liner project.
The Fountain Hills Town Council approved staff'recommended transfers of $4.7 million in excess general‑fund reserves during the October meeting. The transfers move money from the general fund into the town's capital projects fund, streets fund and facilities reserve.
Why it matters: Staff said the transfers align available reserves with council priorities—carrying more funding for capital projects and paving in the near term—while retaining the council's…
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