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Martin council approves October finance report, several fund transfers and claims
Summary
The Martin City Council approved the October finance report, authorized payment of November claims including a $703 USDA lagoon payment, and approved three fund transfers totaling $74,000 to cover street, golf-course and pool expenses.
The Martin City Council on Nov. 12 approved its October finance report and several budget transfers to cover capital and operational needs.
Finance Officer Jean Kirk presented October totals showing a beginning balance on hand of $4,663,981 and total funds to be accounted for of $4,912,922. The council approved disbursements of $187,050, outstanding warrants of $10,554, and noted CD and petty cash of $22,702. The council moved, seconded and unanimously approved payment of November claims; the agenda packet referenced a $703 payment to the U.S. Department of Agriculture for a lagoon invoice.
To cover planned expenses, the council approved three transfers: $23,000 from the Street Improvement Fund to the General Fund for capital street work; $20,000 from the BBB Fund to the Markota Fund to pay for water used on the golf course; and $31,000 from the Liquor Fund to the Markota Fund to cover swimming-pool expenses. Each transfer was passed by motion and unanimous vote.
The council approved the finance report and claims by individual motions; no dissent was recorded. The council will review routine finance items again at its Dec. 10 meeting.
