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Ashland approves a set of fiscal-year-closing ordinances, including court and water fund adjustments
Summary
Council approved several second-reading ordinances required to close fiscal year 2026: general budget amendments, a court fund deficit of about $39,000 linked to police Toughbook purchases, a sewer bond entry documenting a $25 million bond arrangement, and a Water Fund drawdown of roughly $65,000 tied to a service project.
Staff told the board that multiple ordinances are required to formally close municipal fiscal year 2026 and document final budget amendments.
On Ordinance 1551 staff explained the court fund will deficit-spend or reduce its fund balance by approximately $39,000 due to the purchase and outfitting of police department Toughbooks; staff said this was planned and that the estimated ending fund balance would remain within policy at $27,006.88. "This was as planned and budgeted due to the purchase and outfitting of the police department with... Toughbooks," staff said.
Ordinance 1552 documents sewer bond accounting related to a $25,000,000 bond arrangement and was described as a technical recordkeeping measure needed to close the fiscal year. Ordinance 1553 covers Water Fund adjustments tied to completion of a service project and an estimated reduction of about $65,000, with an estimated ending Water Fund balance of about $1,100,000.
Council moved and approved the ordinances during the second-reading session with voice votes recorded on the transcript.
