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Finance director says flood costs posted to reserve fund; federal aid could cover ~75%
Summary
Finance Director Boutet told the committee the city has posted 2025 flood-related costs to its reserve fund and will present options to replenish it in the biennial budget; Boutet estimated federal disaster assistance could cover roughly 75% of eligible costs and described the current preliminary estimate as subject to change.
Finance Director Boutet told the Finance & Administration Committee that the city has posted costs from the 2025 flood event to its reserve fund and will propose options to replenish that fund during the upcoming biennial budget process. "Currently, right now, the finance department has posted any costs incurred from that flood event to our reserve fund," Boutet said, describing the reserve as the city's mechanism to respond to emergencies without depleting operating funds.
Boutet cautioned the figures presented were estimates.…
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