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Council approves small capital and event expenditures, hears quarterly finance report
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Summary
The council authorized up to $45,000 for a water crossing at 200 North Main and up to $14,000 for fireworks after vendor problems last year, and received a quarterly finance update showing revenue running ahead of budget and several bond payoffs approaching.
The Mona City Council approved several budget items on the consent/action calendar and received a quarterly financial briefing.
Council authorized up to $45,000 from the waterfront budget for a water crossing at 200 North Main Street. Separately, staff described troubles with the prior fireworks vendor (missing shipments and an apparent vendor financial issue) and requested approval to contract with a different vendor; council authorized up to $14,000 to secure fireworks for this year’s celebration and staff said they would pursue a refund (about $6,000) for last year's missing product.
Finance staff (Linda) presented the quarterly report: the city is roughly 83.33% through the fiscal year and total revenue sits at about 96% of budget with tax receipts stronger than expected (tax revenue reported ~97.32% of budget). Expenditures are at about 76.6% overall. Water and sewer funds contain audit-driven adjustments that staff will investigate; staff reported water impact fees of $12,888 and park impact fees around $20,000 remaining for eligible new projects. Council approved the routine finance items on the agenda.
Council asked staff to follow up on the vendor refund and to provide a later briefing from Sunrise Engineering on a natural-gas master plan.