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Tekoa council adopts budget amendment to move interfund dollars and adjust airport CARB loan accounting
Summary
Ordinance No. 909 passed unanimously to move interfund transfers (water $1,206.74; sewer $2,266.66; CE to airport $15,000) and to amend airport CARB loan revenue and expenses for a total adjustment of $94,303.01.
The Tekoa City Council unanimously passed Ordinance No. 909 on Jan. 13 to effect a series of interfund transfers and to adjust revenue and expense lines tied to an airport CARB loan.
The ordinance moves $1,206.74 from the water utility to CE, $2,266.66 from the sewer utility to CE, and $15,000.00 from CE to the airport. The council documented a total amendment amount of $94,303.01 to accommodate the airport CARB loan accounting changes. CM Shelly Ausmus moved to pass Ordinance No. 909 and CM Pete Martin seconded; the motion passed unanimously.
The minutes show the council discussed the transfers and the CARB loan adjustments but do not record further detail on loan terms, repayment schedule, or external approvals required for the CARB loan accounting changes.
