Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Interfund Loan topic
No spam. Unsubscribe anytime.
Coolidge workshop flags interfund loan from Water Fund to General Fund; details not specified
Summary
The workshop agenda included discussion of a proposed interfund loan moving resources from the Water Fund to the General Fund. The transcript does not record an amount, a proponent, or a vote in the excerpt provided.
The City of Coolidge workshop on Oct. 7 included discussion of a potential interfund loan from the Water Fund to the General Fund. The transcript lists the item among the workshop topics but does not attribute the proposal to a named speaker or give a dollar amount.
Interfund loans transfer cash between municipal funds to address short-term cash needs or timing differences; the transcript excerpt does not specify the reason for the proposed transfer, repayment terms, or whether legal or accounting steps were recommended. Because the excerpt contains only an agenda-style note that the topic was discussed, no formal motion, mover or vote appears in the record provided.
Any formal decision on an interfund loan would normally require council action at a future meeting once staff provides details and recommended terms; the transcript does not record such next steps in this excerpt.
