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Fernley council discusses capital transfer, reassigns $500,000 from pond to park repairs
Summary
Council discussed a proposed $2,000,000 transfer to a capital projects fund and voted 4‑0 to reallocate $500,000 earmarked for a mayor's fishing pond to repairs and improvements at an existing out‑of‑town park.
City Treasurer Robert Carson outlined changes to the tentative FY2026–27 budget, including a proposed $2,000,000 transfer from the general fund into a capital projects fund to set aside money for longer‑term projects. Carson said the transfer would reduce the previously presented general‑fund ending balance from $9,800,000 to $7,400,000 but would keep the city ‘‘well above our 15% requirement’’ under the city's reserve policy and above the 4% required by state law.
Council members expressed concern…
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