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Council approves paying $350,000 for sewer-inspection camera from sewer fund cash
Summary
After audit adjustments revealed available cash, council approved paying $350,000 cash from the sewer fund (less a $75,000 deposit already paid) for a sewer lateral camera rather than issuing a GO bond; council asked staff for written confirmation and fund balances before the next council meeting.
Councilors discussed whether to finance a $350,000 sewer-inspection camera with a revenue bond or pay cash from the sewer fund after an audit reconciliation changed the apparent fund balances. Finance staff said audit adjusting entries completed in August showed that expenses previously miscoded to the sewer fund had been…
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