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Spirit Lake council adopts FY2024 financial report, approves $465,240 in October bills
Summary
The Spirit Lake City Council adopted Resolution No. 2024-40 approving the FY2024 annual financial report and approved the October bill list totaling $465,239.77; the meeting also approved several interfund transfers and the treasurer’s report for September.
The Spirit Lake City Council on Oct. 8 adopted Resolution No. 2024-40 approving the city’s FY2024 annual financial report and approved the October 2024 bill list totaling $465,239.77.
Councilmember Kofoot introduced the resolution and Councilmember Brockmeyer seconded; the minutes record ayes from Councilmembers Johnson, Kofoot, Brockmeyer, Chappas and Mensing and state the resolution was adopted. Earlier in the meeting Kofoot moved, and Johnson seconded, approval of the September minutes and the monthly bill list; both motions were recorded as carried unanimously.
The bills register presented to the council lists itemized vendor payments and routine operating charges. Notable line items in the bills packet included a $97,725.00 charge for a 2024 Freightliner vehicle, a $59,219.50 invoice to Beck Engineering, Inc., a payroll disbursement of $76,610.09, and multiple contractor pay applications for water-main and excavation work. The total amount approved for payment that night was $465,239.77.
The Treasurer’s Report for September was approved during the meeting. The report listed receipts and balances across city funds including General Fund receipts of $520,914.40; Local Option Sales Tax receipts of $181,936.85; Water receipts of $271,365.20; and a Water Plant Upgrade account balance reported at $3,555,533.15. Expenditures shown in the report included General Fund expenditures of $275,682.38 and Solid Waste Collection expenditures of $105,743.60.
Council also approved third-quarter manual journal entries and interfund transfers documented in the packet: transfers included $210,000 from LOST to the General Fund and a transfer from Water to the Water Revenue Sinking Fund to meet revenue bond requirements. The clerk’s packet listed various payroll and tax remittances and routine transfers related to benefit and reserve accounts.
No additional debate or amendments to the resolution or transfer motions are recorded in the minutes. The meeting record shows the listed motions were adopted and the council moved on to public comment and adjournment.
