Hampton Township council approves transfer of up to $300,000 to capital improvement fund
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Summary
Council approved a manager recommendation to transfer up to $300,000 from the 2025 General Fund operating budget to the capital improvement fund for 2026, with staff to report the final transfer amount in January.
Hampton Township council voted Nov. 19 to authorize a transfer of up to $300,000 from the 2025 General Fund operating budget into the township’s capital improvement fund for 2026.
Manager and controller staff said the transfer would not exceed available year-end revenues over expenses and that the exact transfer amount will be reported in January once year-end figures are finalized. The manager noted Mr. Speakman had flagged the transfer in his budget narrative.
The motion to transfer up to $300,000 was moved and seconded and carried by roll call. Staff will return in January with the final transfer number and accounting details.