Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Council moves $100,000 of local sales tax into Capital Improvement Reserve Fund
Summary
Council approved transferring $100,000 from unallocated local half-cent sales tax to the Capital Improvement Reserve Fund and $8,700 to the Special Parks Fund; estimated year-end sales-tax revenue was $235,121.11.
City administration recommended transferring $100,000 of the unallocated half-cent local sales tax to the Capital Improvement Reserve Fund and $8,700 to the Special Parks Fund to address deferred maintenance in 2025.
Staff provided estimated year-end sales-tax revenue of $235,121.11 and a proposed application that left an estimated unallocated balance of $11,883.74 after transfers. Councilmember Andrew Smith moved to approve the transfers; the motion passed 7-0.
The transfer reallocates budgeted local sales-tax receipts to targeted reserve funds ahead of 2025 capital needs.
