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Committee reallocates utility capital funds; staff explains leftover balances and project reassignments
Summary
The committee approved resolutions allowing stormwater, sanitary sewer and water utilities to reallocate unused funds from closed projects and appropriate additional amounts for active projects. Staff clarified utilities are enterprise funds separate from the general fund and cited specific reallocations, including $600,000 to the Green Meadows Storm Lift Station and an amendment increasing a sanitary reappropriation to $264,499.55.
On Dec. 1 the Finance and Personnel Committee approved a package of utility capital reallocation resolutions that move unspent funds from closed or under-budget capital projects into active needs for stormwater, sanitary sewer and water utilities.
Staff explained the utilities operate as enterprise funds separate from the city's general fund. "Our funds are completely separate from the city," a utilities staff…
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