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Anderson City board approves transfer of dormant wastewater retainage to active project fund
Summary
The Board of Works approved Resolution 12-25 allowing the comptroller to move a dormant retainage balance in the wastewater utility into an active project fund so the money can be used on construction projects; the comptroller read an unclear numeric amount on the record.
The Anderson City Board of Works on Nov. 18 approved Resolution 12-25, authorizing the city comptroller to transfer funds within the wastewater utility from a dormant retainage account into an active project fund so the money can be used on construction projects.
City Comptroller (first introduced in the transcript at SEG 016) told the board there is a balance in a retainage fund that has been dormant for several years and that the city wants to move it into a fund “where it can be used on projects.” A board member moved the measure; the presiding member seconded. The motion passed on a voice vote.
During the discussion a board member asked how much was being transferred. The comptroller read an amount that the transcript rendered as “$1.00 $6.04 72.” The comptroller explained the intent was to move the dormant retainage into project funds; the record did not include a clear, conventional numeric total and the board did not request an additional read-back on the floor.
The resolution does not record further restrictions or project assignments; implementation details and any project-specific appropriations would be handled through the city’s capital project process or subsequent board actions.
