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Board reports $67,559.40 in surplus auction proceeds; allocation held for next meeting
Summary
The city received $67,559.40 from a surplus auction; board discussed whether proceeds must be returned to departments or placed in the general fund and voted to table allocation until staff can provide a departmental breakdown and legal guidance.
Finance staff reported the city received $67,559.40 from a recent surplus auction. Board members asked whether those funds must go back to the departments that generated the surplus or whether the proceeds could be deposited in the general fund or used to repay a prior internal loan for payroll reserves.
Staff said they are still reconciling department amounts and would report back. A motion to table allocation of the surplus proceeds until the next meeting passed by voice vote so the finance officer can provide a department‑by‑department breakdown and a legal/accounting recommendation.
