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Finance director says general fund can reimburse capital fund; board gives informal consent; other administrative items approved
Summary
Finance Director Dustin told aldermen the capital improvement fund had been used for operating costs in prior years and proposed reimbursing the capital fund from general-fund balances; the board raised audit/disclosure questions and gave no objection to staff proceeding with the transfer after consulting auditors. The board also appointed a representative to the McKenzie Point Center CID and approved listing a surplus pickup with a $5,200 minimum bid.
Finance Director Dustin delivered the monthly financial update and outlined a plan to correct prior uses of the capital improvement fund for operating and maintenance expenses. He told the board that, beginning in 2022, items such as radio repairs, vehicle maintenance, tires and similar operational costs had been charged to the capital improvement fund instead of the general fund. Dustin…
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