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Council hears plan to loan capital funds to water fund for Snow King Estates waterline
Summary
Staff proposed an interfund loan from capital to the water fund to complete the Snow King Estates waterline (~$1.3M) while rate increases and longer-term work reestablish enterprise reserves; council asked for more narrative and schedule details.
At the April 13 budget review, staff told the council the water enterprise fund’s ending balance is below targets after recent capital projects and recommended an interfund loan from the capital fund to complete a necessary Snow King Estates waterline project.
"The recommended budget includes an interfund loan from the capital fund to ensure an…
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