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Mount Shasta council approves combining enterprise funds and closing solid waste improvement funds
Summary
Council approved audit-committee recommendations to combine several enterprise funds, terminate two solid waste improvement funds and transfer remaining balances to the general fund to address a negative drainage fund balance and simplify accounting; council set a committed fund balance to cover drainage shortages.
The council approved a package of finance actions recommended by the audit and finance committee to simplify accounting and cover negative balances in enterprise funds.
Speaker 4 outlined the recommendation to combine paired enterprise funds (e.g., fund 30 with 31; 40 with 41; 45 with 47) in the accounting system, noting that end-of-year reporting would still…
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