Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council approves $143,000 transfer and CD rollovers to NPAIT accounts
Summary
Council approved moving $143,000 from the Sewer Bond to an NPAIT Debt Service subaccount, transferring the Park Fund Savings into the NPAIT General Fund, and rolling matured CDs (12‑29‑25) into NPAIT Water and Sewer subaccounts; motion carried unanimously.
Councilmember Jesse Schmidt explained recommended inter‑account transfers: move $143,000 from the Sewer Bond to the NPAIT Debt Service subaccount; transfer the entire Park Fund Savings Account into the NPAIT General Fund; and move funds from two CDs that matured on Dec. 29, 2025 (Water Sinking Fund and Sewer Sinking Fund) into NPAIT Water and Sewer subaccounts. Dan Zieg moved and Jesse Schmidt seconded the transfers and the motion passed on a roll call vote.
The transfers are intended to consolidate funds into NPAIT subaccounts for debt service, general fund, water and sewer purposes. Council did not record additional detail about timing of transfers beyond noting the CDs had matured on Dec. 29, 2025.
