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Council builds $100,000 capital-acquisition fund into five-year forecast
Summary
Staff confirmed a $100,000 transfer into a new capital-acquisition fund for 2025; the adviser said the transfer was included in the five-year forecast as a planned transfer out to support future land or capital opportunities.
Connolly and staff noted the village moved $100,000 into a new capital-acquisition fund this year to be available if advantageous land or project opportunities arise; the amount is shown in the forecast as a transfer out for capital.
A council member asked how unplanned land acquisitions would be evaluated in the capital plan: Connolly said the model can add an unexpected parcel to the forecast to show the impact on fund balances or be used to test financing (debt) alternatives before council action. He also noted the village has been effective at pursuing grants to attach to projects to reduce direct general-fund impacts.
