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Board directs staff to raise Parkway reserve to $2.4M, keeps two dump trucks on capital list
Summary
After debate over whether MoDOT Parkway funds were being reallocated to meet a reserve policy, aldermen directed staff to set the Parkway reserve at $2.4 million, preserve funding for two dump truck replacements (with phased purchase discussed) and cut lower-priority add-ons.
The Board of Aldermen spent significant time on transportation capital and reserve accounting before directing staff to raise the MoDOT Parkway allocation and formal reserve numbers. City Administrator Devin Lake reviewed a spreadsheet tracing a $2 million MoDOT contribution in 2007 plus subsequent reserve additions; that combined balance was presented as roughly $3.1 million at the end of 2023.
Several aldermen questioned how much of that combined balance should be treated as a…
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