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Avon council approves year-end transfers, surplus police vehicles and annexation ordinance; adopts investment-policy updates
Summary
Council approved transfers of $150,000 to both the rainy day fund and the insurance reserve from underspent general funds, declared two older police vehicles surplus, adopted an annexation ordinance for Reserve at Shiloh Creek Phase 2, and readopted an updated investment policy to comply with Indiana law.
On Dec. 18 the Avon Town Council approved several administrative and policy measures as part of its routine year-end business.
Staff reported the town ended the year with underspending in the general fund of about $600,000 (subject to final adjustments). Council approved Resolution 2025-35 to transfer $150,000 into the rainy day fund and $150,000 into the insurance reserve fund; staff noted the transfers are timed so the council can confirm DLGF (Department of Local…
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