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Committee proposes $250,000 transfer for Pineway storm sewer and ups Rainy Day deposit
Summary
Finance staff proposed a $250,000 transfer from the General Fund to support the Pineway storm sewer project and a $100,000 deposit to the Rainy Day Fund (versus the usual $25,000), plus routine transfers to pension and debt funds; no new debt issuances were proposed for 2026.
Finance Director Tom Reynolds listed proposed budget transfers, including a $250,000 one-time transfer from the General Fund to support the city’s portion of the Pineway storm sewer project and a $100,000 transfer into the Rainy Day Fund, an increase from the city’s customary $25,000 annual deposit.
Reynolds said the budget also carries regular transfers to fire and police pension funds and a planned $25,000 transfer to a debt fund; he stressed that no new debt or bond issuances are proposed for 2026. Councilman Chad Gluss questioned the arithmetic between highlighted transfers and the total transfer line; Reynolds agreed to detail those recurring transfers in the budget document.
The transfers are intended to preserve flexibility for capital projects and to shore up reserves, but council members asked for more transparency on all recurring transfers so the totals reconcile clearly with the General Fund summary.
