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Committee reviews water and wastewater projects, highlights SST bond spending
Summary
Finance staff reported $2.1M in water capital expenditures this year and $5.2M drawn on SST wastewater projects; bond proceeds and debt-service schedules for SST were described and staff warned some projects will be carried forward.
Committee members reviewed enterprise fund activity and capital spending in water and wastewater. Staff reported roughly $2.1 million in water capital expenditures for the year and noted the Steuart Street Tank grant revenue recorded for the tank project.
Wastewater reporting highlighted $5.2 million in SST project expenditures drawn from bond proceeds and described the SST program as a multi‑ECM, bond‑funded effort (transcript: $12.1 million project total). Staff said some SST sub‑projects were near completion while others will be carried forward; debt‑service schedules and bond proceeds accounting were shown on the debt schedule.
Committee members asked for clearer separation between operations and capital in future reports; staff said they will present operations separately from capital for clearer year‑to‑year operational comparisons.
