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Copperton council reviews finances, fund balances and federal storm-drain earmark
Summary
Council members were briefed on Copperton’s finances: sales-tax driven operating revenues, roughly $176,000 reserved for capital, about $173,970 unrestricted funds, ~$21,000 in leftover CARES funds, and a pending federal storm-drain earmark that may require local matching funds.
Town staff presented the council with a fiscal overview during the Jan. 21 meeting, highlighting that Copperton’s operating revenue is primarily sales tax and detailing the town’s fund balances.
Council staff said the town’s assigned capital reserve stands at about $176,000 for road and nonroad capital projects, the unrestricted fund balance…
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