Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Enterprise Account topic
No spam. Unsubscribe anytime.
Leamington council to create separate enterprise account for water and garbage
Summary
Council voted to pursue a separate enterprise operational checking account for water and garbage and to set up an enterprise fund in Pelorus for garbage to keep utility finances distinct from the general fund.
Mayor Michael Lovell told the Leamington Town Council on April 9 that officials will establish a separate enterprise operational checking account for water and garbage and create an enterprise fund in Pelorus specifically for garbage. The move is intended to separate utility revenues and expenses from the town's general account.
Council members approved the action item for the enterprise account as part of administration reports. Lovell said the change is procedural to improve accounting; no dollar figure was attached to the account setup. The proposal will be implemented through the town's finance procedures and recorded in Pelorus for enterprise fund tracking. The council recorded the action as an agenda item and will follow up in future meetings on implementation.
