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Council authorizes transfer of surplus electric‑utility funds to community‑facility projects
Summary
Council approved a permanent transfer from the municipal electric utility to the city's long‑term facility fund — a transfer just over $1.25 million this evening — to support renovation/expansion of the Pella Community Center and a proposed indoor recreation center; staff said the electric utility's fund balance remains above minimum thresholds.
Pella City Council authorized a transfer of surplus funds from the municipal electric utility to the city’s long‑term facility fund to support renovation and expansion work on the Pella Community Center and a proposed indoor recreation center.
Staff told the council the utility had a fund balance of about $14.5 million as of June 30, 2024 and referenced an American Public Power Association calculation that suggested a minimum fund balance of $9.6 million. Staff said prior transfers left roughly $1.3 million committed and the transfer approved at the meeting was just over $1.25 million, with staff noting total available surplus in the utility of roughly $5.5 million.
The transfer would fund design and construction work tied to a long‑term facility plan that includes renovating two buildings and establishing an indoor recreation center. Council approved the transfer by roll‑call vote.
Why this matters: The transfer directs utility surplus toward broader city facility priorities. Staff said the projected minimum fund‑balance thresholds would still be met after the transfer and emphasized that the decision was consistent with prior council direction on long‑term facility funding.
What’s next: Staff will document the transfer amount and continue project planning for the community center and indoor recreation center.
