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Finance report: ARPA roughly $168,000; sewer account and loan noted
Summary
The chair and staff reviewed fund balances: the ARPA fund at about $168,000, a water-sewer account with roughly $250,000 (with loan obligations) and upcoming payments including a December $49,000 payment, prompting caution about new expenditures.
The council reviewed municipal fund balances and budget highlights, with the chair saying overall funds are "in reasonably good shape" but urging caution because of outstanding sewer‑project loans.
The chair reported the ARPA fund is down to about $168,000 and said the treatment-plant water/sewer account is around $250,000, noting outstanding loan obligations and a $49,000 payment due in December. "We're not rich but we're staying out the poor house," the chair said.
Staff clarified account bookkeeping: the water-sewer ledger showed a larger closing amount but the available balance cited during discussion was about $255,000; speakers noted differences between ledger and available balances and the need to track which sums are already obligated to loan repayment or recent receipts.
Members said they want updated, itemized fund and rebate information before authorizing additional project spending and asked staff to provide monthly water-loss and fund-trend reports at the next meeting.
