Whiteland stormwater board approves minutes and vouchers, reviews fund balance and plans depreciation fund

The Whiteland Town Stormwater Management Board on March approved last month’s meeting minutes and the monthly voucher packet and reviewed the town’s stormwater finances.

Committee member reported that, for the month of February, the current stormwater fund balance stood at $1,115,950.44, monthly revenue was $70,343.92 and the board spent $16,780.66; the fund also earned $2,424.68 in bank interest. "For the month of February, the current balance is $1,115,950.44," the Committee member said during the meeting.

The motions were made and approved by roll call. A Committee member moved to approve the minutes and another member seconded; the board then voted to approve them. Later a motion to approve the voucher packet carried on a roll call vote.

A staff member explained a planned accounting move to create a depreciation or improvement fund from unspent 2025 appropriations. "What we'd already appropriated, and move it into a depreciation or an improvement fund to start kind of building that," the staff member said, describing the intent to move year-end savings into a separate fund so operating budgets reflect only annual operating costs.

Board members asked staff to confirm how the new fund is being tagged in reports so the depreciation amount appears clearly in future financial statements. Staff also said the VAC truck ordered for equipment needs is expected to be delivered in May. There were no votes or formal decisions recorded about the depreciation fund at the meeting; board members asked for follow-up reporting from accounting staff.

The board then moved on to operations and maintenance updates from the MS4 work coordinator.