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Board moves to create separate account for $148,142.62 wastewater reimbursement
Summary
City staff reported receipt of a $148,142.62 wastewater reimbursement and the board voted to create a separate account to deposit disbursements so the funds are not offset against other allocations; further disbursements will be handled similarly.
City staff reported a recent disbursement of $148,142.62 as a reimbursement for wastewater-related expenses and requested board approval to create a separate account to hold the funds.
The board approved creating the account so the reimbursement and any forthcoming disbursements can be tracked separately and not intermixed with operating funds. Staff noted constraints tied to earlier grants and that FEMA/insurance reimbursements affect timing and net amounts available for loan repayment.
Next steps: staff will create the separate account and deposit the reimbursement; the board asked staff to report on the status of other related disbursements at a later meeting.
