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Finance committee weighs bonuses, vac machine and truck as city plans capital accounting change
Summary
Georgetown’s Finance Committee discussed a potential one-time employee bonus possibly funded from $40,000 in recent waste-pad revenue, a quoted $142,000 vac machine and a $60,000 service truck versus $32,000 currently budgeted, and a treasurer-led move to create a Capital Projects fund on auditors’ advice.
Georgetown’s Finance Committee discussed budget priorities and capital needs on Jan. 12, including a proposed one-time employee bonus, major equipment requests for the Street & Alley department, and a recommendation from auditors to create a Capital Projects fund.
Mayor Darin Readnour proposed a one-time bonus for full-time staff in the office, Street & Alley, and water & sewer departments to help employees without committing to a permanent wage increase. Readnour suggested using revenue from the city’s waste pad; he said, “The city has made $40,000 on it since May 2025.” The mayor said any bonus would be considered with the May 2026 budget.
Street & Alley staff described two capital needs. Rusty said a vendor quoted a vac machine “around $142,000 minus some discounts” after a prior demo; staff also reported that a service truck offered through another vendor had been priced near $60,000 several months ago. The minutes note the city currently has $32,000 budgeted for a new vehicle and that existing mowing equipment is close to failing.
Treasurer Amy Cavanaugh reported that auditors advised creating a Capital Projects fund to house capital-improvement balances and to account specifically for the backhoe. The committee recommended allowing Treasurer Cavanaugh to create the new fund, with the requirement that the money be limited to capital projects.
Committee members did not approve new appropriations at the meeting. They framed the bonus as a potential May 2026 budget decision and instructed staff to continue planning for vehicle and equipment replacement given the gap between vendor quotes and current budgeted amounts.
