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Council hears grants update as FEMA money and a bridge loan shape July cash flow
Summary
Isleton staff reported FEMA and Cal OES activity on multiple disaster claims, an outstanding bridge loan with a first payment due July 1, and several reimbursable grants that require careful cash‑flow planning. Council asked staff to prepare a calendar of deadlines and to work with the incoming city manager.
Isleton’s staff told the City Council that several federal and regional grants are advancing but that the city’s immediate finances hinge on a bridge loan payment due July 1. Diana, a staff member who presented the grants update, said the city has several FEMA project claims and that Cal OES advanced a partial payment that will be deducted from future reimbursements.
"We've got the city sewer storm expense claim for 796,499, and the sewer pond repair claim for $603,250…Cal OES advanced us 506,000 of that," the staff member stated, summarizing figures and the status of pending reimbursements. She added the city expects to be responsible for a roughly $29,000 share of the Wilson Park project once reimbursements are applied.
Council members pressed for more precise timing and a calendar of obligations. Council member David Kent said he would need a month‑by‑month cash flow calendar before supporting new grant commitments that require local matching funds. "I want to see a calendar that shows us that we are solid and maintaining cash flow for every one of these obligations," Kent said.
The council directed staff to compile a detailed schedule of reimbursement deadlines, loan payments and matching obligations, and to coordinate those materials with the incoming city manager, who begins July 8. No policy vote was taken; members agreed the information and a follow‑up meeting with the new manager are necessary before approving grant matches or project commitments.
The report also noted ongoing work to renegotiate or transfer the bridge loan and staff outreach to potential lenders to lower interest costs if the July payment cannot be met on schedule.
