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Council moves Grandview bond payments to sewer fund, approves $486,375 reimbursement to general fund
Summary
Council approved charging Grandview water and sewer improvement payments to the sewer fund and reimbursing the general fund $486,375 in back pay for payments that had been charged to the general fund since Aug. 2015. Motion carried unanimously.
The finance officer reported that since August 2015 Grandview payments for water and sewer improvements had been charged to the general fund. The council approved a proposal to charge those payments to the sewer fund going forward and to reimburse the general fund $486,375.00 in back pay. The motion was made by Ashley Lozano and seconded by Laura Petersen; the minutes record the motion passed with all ayes.
The minutes do not specify the schedule or funding timeline for the reimbursement beyond the council’s approval to make the transfer and repayment; staff (finance) will carry out accounting adjustments per the approved motion and provide follow-up as required.
