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Finance committee authorizes free-cash transfer after heavy winter spending and flags a $400,000 electricity shortfall
Summary
Facilities and finance staff reported heavy winter snow-removal expenses and an anticipated city-side electricity shortfall of about $400,000; the committee approved a $500,000 transfer from free cash to cover contracted snow-removal costs while staff will continue monitoring energy accounts.
Pat Burns presented the January revenue and expenditure report and told the committee that snow removal and utility costs are the main budget pressures. Burns said natural gas spending is performing better than expected but the city is projecting a shortfall on electricity and will monitor a few more months of actuals before proposing transfers to the council.
During questioning, Burns and…
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