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Newberry council authorizes transfer of up to $3.5 million to match SCIIP grant, fund sewer repairs
Summary
The Newberry City Council unanimously approved authorizing a transfer of up to $3,500,000 from the Rate Stabilization Fund to the Gross Revenue Checking Account to provide matching funds for the SCIIP grant and cover unbudgeted Bush River sewer line repairs.
At its Aug. 15 meeting, the Newberry City Council voted unanimously to authorize city staff to transfer up to $3,500,000 from the utility Rate Stabilization Fund to the Gross Revenue Checking Account during fiscal 2025. The council approved the motion to provide matching funds for the SCIIP grant and to pay unbudgeted expenses for repairs to the Bush River sewer line near Belfast Road.
Councilmember Carlton L. Kinard moved to approve the transfer authorization; Councilmember Edwin E. Wicker seconded. Mayor Foster Senn declared the motion carried following a unanimous vote of the councilmembers present. The council’s meeting minutes state the Rate Stabilization account balance was approximately $3,339,796 as of July 2024 and will grow as interest accrues.
City staff framed the transfer as a cash-management step within the Utility Enterprise Fund to support immediate repair needs and to meet the local match requirement for the SCIIP grant. The authorization allows transfers up to the stated amount during FY2025; no separate ordinance or bond issuance was recorded in the minutes.
The action was procedural and approved without recorded debate. No members of the public spoke on the item during the meeting. The council adjourned at 4:45 p.m.
