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Committee reviews two budget transfers: $718,123 for sewer bond projects and $30,000 within emergency rental assistance
Summary
The UED committee heard two separate ordinances to amend the FY24-25 budget: a $718,123.31 transfer within sewer revenue bond subaccounts and a $30,000 reallocation within the Emergency Rental Assistance (ERA) subfund. Staff said the ERA reallocation moves unused admin funds to programming before a September 2025 spending deadline.
The committee reviewed two budget amendments affecting separate funds.
Sewer revenue bond transfer: Jared from the budget office described an ordinance to amend the fiscal year 2024-25 budget by transferring $718,123.31 between projects within the 02/2019B sewer revenue bond subfund. Jared said the Northgate Lift Station project will be completed and surplus funds will be moved to…
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