Capital projects operating fund shows multi-year reserves; transfers planned
Staff reported the capital projects operating fund will carry forward roughly $2.35M–$2.4M after FY26–FY27 transfers; council endorsed a $375,000 transfer for ongoing capital needs and reserves for future projects.
The full story
During the FY2027 budget presentation, staff reviewed the capital projects operating fund history and projected balances. Julie said the fund carried a $2.6 million balance after FY25 spending and that staff expect to transfer $375,000 in the current cycle so the fund would carry forward about $2.35 million and land near $2.4 million by the end of FY27.
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