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Commission records action to move $130,000 from electric fund to general fund to cover shortfalls
Summary
City staff proposed a $130,000 transfer from the electric fund to the general fund to cover revenue shortfalls and capital costs; commissioners asked for remaining electric fund balance and then recorded aye votes on the motion in the transcript.
City staff told the Herington City Commission they need to transfer $130,000 from the electric fund into the general fund to cover shortfalls and certain capital and operating costs, and the motion to authorize the transfer was put before the commission and recorded as approved in the supplied transcript.
Staff explained the transfer is partly the result of reassigning a $27,000 engineering fee to the water…
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