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Morganton creates Hurricane Helene funds and approves cash-flow loan amendment
Morganton City Council · June 17, 2025
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Summary
Council established a $9.66 million Hurricane Helene special revenue fund, a $2.54 million Helene capital projects amendment, and approved an amended state cash-flow loan agreement to allow multi-year repayment.
Morganton — During its June 16 meeting the City Council approved a set of measures to organize and access funds related to Hurricane Helene response and recovery.
Sally told the council that generally accepted accounting principles require the city to set up a special revenue fund to receive reimbursements, insurance proceeds, cash-flow loans and FEMA or other grant…
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