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Council records $29,200 bond deposit in budget amendment
Summary
Dewey City Council approved Resolution No. 2026-01-02 to record $29,200 in bond funds as a good faith deposit and increase G.O. debt expenditures accordingly; the motion passed unanimously.
On Jan. 5, 2026 the Dewey City Council approved Resolution No. 2026-01-02 to amend the fiscal year 2025–2026 budget to show $29,200.00 in bond fund revenue recorded as a good faith deposit and to increase the G.O. debt expenditure line by the same amount.
Councilmember Ralph Stafford moved for approval and Councilmember Alvin Yearout seconded. The council voted aye unanimously (James Cook, Stan Barron, Ralph Stafford, Alvin Yearout, Mayor Tom Hays).
The minutes list the revenue and expenditure lines (17-00-90913 Bond Funds / 17-20-20247 G.O Debt) and do not record further discussion or public comment on the matter.
