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Finance chair flags $2.4 million in bond payments, $850,000 for recreation projects
Summary
Finance committee chair Samuels reported the committee reviewed revenue and expenditure reports, noted roughly $2.4 million in bond payments due in June–July, said an additional $850,000 is secured for recreation projects, and outlined vehicle and EMS contract needs.
Finance committee chair Samuels told the council the committee reviewed the midyear revenue and expenditure report and is watching the water fund as a planned rate change takes effect in July.
Samuels said about $2,400,000 in bond payments were expected in June and July and that the city has taken those payments from cash reserves. He confirmed the audit is nearing completion and that health insurance renewal discussions with union leaders have concluded and open enrollment has happened.
On capital and operational needs, Samuels said the city expects to receive an additional $850,000 for recreation projects. He also described upcoming contract renewals for EMS services with surrounding municipalities, and vehicle replacements: an ambulance replacement strategy that would transfer the cab from the existing ambulance to a new chassis, and plans to replace four police vehicles over time. "We're looking to replace the chassis, take the cab from the existing ambulance, put it on the new chassis," he said.
Samuels emphasized these are planning-stage discussions; no final purchase orders or contract awards were recorded at the meeting.
