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Wasilla council adopts Ordinance 26-06 to transfer committed funds to enterprise/capital accounts
Summary
Council adopted Ordinance Serial 26-06 to transfer more than $8 million from the general fund committed fund balance into several enterprise funds (water, sewer, airport, Curtis Menard Sports Center) to align the revenue side with earlier capital appropriations; the move was described as bookkeeping to balance enterprise fund capital appropriations.
The Wasilla City Council adopted Ordinance Serial 26-06, which authorizes transfers from the general fund committed fund balance to multiple enterprise funds to fund capital improvement projects adopted in the FY2026 budget.
Finance consultant Mr. Leonard, appearing by phone, told the council that capital appropriations for enterprise funds had been included on the expenditure side of last year’s budget…
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